Aureus
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American Tower Corporation (REI(AMT)

C

Financial data as of Dec 31, 2024Stable · Real Estate

FCF Margin36.5%Free Cash Flow / Revenue
Cash Conversion234.6%Operating CF / Net Income
Free Cash Flow$3.7B
Revenue$10.1B
Net Cash-$42.0BNet debt position
Debt / FCF11.9xElevated debt burden
Current Ratio0.45Tight short-term liquidity
YoY FCF Growth-4.8%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-2Very high debt-to-FCF ratio (11.9x)
→
-1Current ratio below 1.0 (0.45)
→
+0.5Highly consistent quarterly FCF
→
FinalC

Analysis Summary

Strengths

  • Exceptional FCF margin (36.5%)
  • Excellent cash conversion (235%)
  • Highly consistent quarterly FCF

Concerns

  • Heavy debt position ($42.0B)
  • High debt-to-FCF ratio (11.9x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin36.5%
Net Margin22.3%
Operating CF Margin52.2%
CapEx Ratio15.7%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$42.0BNet debt position
Debt / FCF11.9xElevated debt burden
Current Ratio0.45Tight liquidity
Debt / Equity13.00High leverage

Quarterly FCF Trend

-4.8% YoYStable (-4.8%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameAmerican Tower Corporation (REI
SectorReal Estate
Free Cash Flow$3.7B
Revenue$10.1B
Net Income$2.3B
Operating Cash Flow$5.3B
Capital Expenditure$1.6B
FCF Margin36.5%
Cash Conversion Rate234.6%
Net Margin22.3%
Total Debt$44.0B
Total Cash$2.0B
Net Cash-$42.0B
Current Ratio0.45
Debt / Equity13.00
Debt / FCF11.9x
YoY FCF Growth-4.8%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2024
GradeC
Data SourceYahoo Finance

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