Superworth

AT&T T

Telecommunications Services, Communication Services
$20.93
−7.96%
Market cap
$143.4B
PE
11.3×
10y median 11.4×
Forward PE
8.3×
10y median 7.9×
Price to sales
1.1×
EV/EBIT
13.1×
Revenue, 12 months
$128.9B
+4% on a year ago
Net margin
n/m
Q3 FY26 missing
Free cash flow yield
n/m
Q3 FY26 missing

AT&T trades at 11.3× trailing earnings, near its ten-year median. Revenue was $128.9B over the last twelve months, up 4% on a year earlier.

Charts

Financials

Income statement for T, by quarter
Income statementQ4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
$32B+2%$30B−0%$29.8B−0%$30.2B−1%$32.3B+1%$30.6B+2%$30.8B+4%$30.7B+2%$33.5B+4%$31.5B+3%$31.6B+2%$32.3B+5%
Cost of revenue$13.9B+3%$12B−3%$11.4B−3%$11.6B−4%$14.2B+2%$12B+1%$12.2B+6%$11.8B+2%$14.8B+4%$12.6B+4%$12B−1%n/a
Gross profit$18.1B+2%$18.1B+2%$18.4B+2%$18.6B+2%$18.1B+0%$18.6B+3%$18.7B+2%$18.9B+2%$18.6B+3%$18.9B+2%$19.5B+4%n/a
SG&A$7.5B−0%$7B−2%$7B+1%$7B−3%$7.4B−1%$7.1B+2%$6.9B−1%$7.5B+7%$7.4B+0%$7.3B+2%$7.2B+4%$7.4B−0%
$5.3B$5.8B−3%$5.8B−10%$2.1B−63%$5.3B+1%$5.8B−2%$6.5B+13%$6.1B+189%$5.8B+9%$6.7B+16%$7B+8%$4.1B−33%
Interest expense$1.7B+11%$1.7B+1%$1.7B+6%$1.7B+1%$1.7B−4%$1.7B−4%$1.7B−3%$1.7B+2%$1.8B+8%$1.8B+9%$1.9B+14%n/a
Pre-tax income$2.9B$4.9B−16%$5.1B−17%$1.4B−71%$5.3B+81%$6B+23%$6.1B+20%$10.7B+645%$4.3B−20%$5.4B−10%$5.8B−5%$2.7B−75%
$354M$1.1B−15%$1.1B−19%$1.3B+11%$900M+154%$1.3B+16%$1.2B+8%$976M−24%$109M−88%$1.2B−9%$784M−37%$1.4B+42%
Net income$2.2B$3.4B−19%$3.6B−20%−$174M$4.1B+87%$4.4B+26%$4.5B+25%$9.3B$3.8B−7%$3.8B−12%$4.6B+3%n/a
$0.30$0.47−18%$0.49−20%−$0.03$0.56+87%$0.61+30%$0.62+27%$1.29$0.53−5%$0.54−12%$0.66+7%$0.12−91%
7.2B+1%7.2B−4%7.2B+0%7.2B+0%7.2B+0%7.2B+0%7.2B+0%7.2B−1%7.1B−2%7B−3%6.9B−4%6.8B−5%

Gross profit: 73 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.

Net income: 4 periods, Q4 FY20 to Q4 FY25: printed in the fourth-quarter results release.

EPS, diluted: Q4 FY08: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 9 periods, Q1 FY09 to Q4 FY23: quarter's net income to common over its shares, to the cent. 4 periods, Q4 FY20 to Q4 FY25: printed in the fourth-quarter results release.

Diluted shares: 3 periods, Q2 FY08 to Q1 FY09: not printed by the filing, worked out from its own lines. 5 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release. 8 periods, Q4 FY10 to Q4 FY23: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q4 FY11 to Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q4 FY26$34.7B$34.2B to $35B$0.54$0.41 to $0.5711
Q1 FY27$31.6B$30.9B to $32.4B$0.61$0.56 to $0.637
Q2 FY27$31.6B$30.7B to $32.4B$0.68$0.65 to $0.702
Q3 FY27$32.3B$31.4B to $33.1B$0.70$0.68 to $0.732
Q4 FY27$34.3B$33.4B to $35.2B$0.61$0.59 to $0.635
Q1 FY28$32.4B$31.5B to $33.2B$0.69$0.67 to $0.726
Q2 FY28$32.1B$31.3B to $32.9B$0.72$0.69 to $0.745
Q3 FY28$32.7B$31.8B to $33.5B$0.76$0.73 to $0.784

Peers

Companies in Telecommunications Services nearest AT&T's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
TAT&T$143.4B11.3×11.4×8.3×1.1×+4%n/m
TMUST-Mobile US$157.2B15.3×25.1×11.6×1.7×+10%11.5%
VZVerizon Communications$185.6B11.6×11.8×8.7×1.3×+1%11.6%
CMCSAComcast$80.5B7.3×15.5×6.6×0.6×+1%9.0%
Peer median$157.2B11.6×15.5×8.7×1.3×+1%11.5%

More on AT&T

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Where it ranks

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About

Industry
Telecommunications Services
Sector
Communication Services

Valuation data, not investment advice. Prices as of .