AT&T T
- 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 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 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: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $34.7B | $34.2B to $35B | $0.54 | $0.41 to $0.57 | 11 |
| Q1 FY27 | $31.6B | $30.9B to $32.4B | $0.61 | $0.56 to $0.63 | 7 |
| Q2 FY27 | $31.6B | $30.7B to $32.4B | $0.68 | $0.65 to $0.70 | 2 |
| Q3 FY27 | $32.3B | $31.4B to $33.1B | $0.70 | $0.68 to $0.73 | 2 |
| Q4 FY27 | $34.3B | $33.4B to $35.2B | $0.61 | $0.59 to $0.63 | 5 |
| Q1 FY28 | $32.4B | $31.5B to $33.2B | $0.69 | $0.67 to $0.72 | 6 |
| Q2 FY28 | $32.1B | $31.3B to $32.9B | $0.72 | $0.69 to $0.74 | 5 |
| Q3 FY28 | $32.7B | $31.8B to $33.5B | $0.76 | $0.73 to $0.78 | 4 |
Peers
Companies in Telecommunications Services nearest AT&T's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| TAT&T | $143.4B | 11.3× | 11.4× | 8.3× | 1.1× | +4% | n/m |
| TMUST-Mobile US | $157.2B | 15.3× | 25.1× | 11.6× | 1.7× | +10% | 11.5% |
| VZVerizon Communications | $185.6B | 11.6× | 11.8× | 8.7× | 1.3× | +1% | 11.6% |
| CMCSAComcast | $80.5B | 7.3× | 15.5× | 6.6× | 0.6× | +1% | 9.0% |
| Peer median | $157.2B | 11.6× | 15.5× | 8.7× | 1.3× | +1% | 11.5% |
More on AT&T
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #10of 53Communication services stocks with the lowest PE ratio
- #3of 15Communication services stocks with the lowest forward PE
- #5of 14Telecom stocks with the lowest PE ratio
- #9of 11Telecom stocks cheapest against their own PE history
- #9of 11Telecom stocks with the fastest earnings growth
Its groups
About
- Industry
- Telecommunications Services
- Sector
- Communication Services
Valuation data, not investment advice. Prices as of .