American Tower Corp vs PPG Industries, Inc. — how do they compare? American Tower Corp trades at $169 (market cap $79.00B), while PPG Industries, Inc. trades at $115.82 (market cap $25.82B). The key difference: American Tower Corp is far larger — about 3.1× PPG Industries, Inc.'s market cap, and American Tower Corp pays the higher dividend (4.12%). Which is the better fit depends on your goals.
| AMT | PPG | |
|---|---|---|
Market Cap | $79.00B | $25.82B |
Sector | Real Estate | Basic Materials |
52-Week High | $211.88 | $131.56 |
52-Week Low | $162.11 | $94.34 |
Enterprise Value | $122.53B | $31.69B |
Dividend Yield | 4.12% | 2.55% |
Trailing returns across standard periods
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 25 data centers in eight U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for more than half of its total revenue in 2021. Outside the U.S., American Tower's greatest presence is in India and Brazil, where it operates roughly 75,000 and 19,000 towers, respectively. American Tower operates as a real estate investment trust.
Read more on AMT →PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.
Read more on PPG →