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AT&T Inc.

T Communication Services Telecom Services

AT&T Inc.’s revenue for fiscal 2025 (year ended December 2025) was $125.6 billion, up 2.71% from fiscal 2024.

Revenue: +5.25%
EPS: −90.7%
Free cash flow: +3.67%
Total debt: +14.5%

Quarter to September 2026, against a year earlier

21.61 0.21 −0.96%

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Market cap: $147.0B
P/E: 11.8×
Fwd P/E: 10.7×
Dividend yield: 5.09%
F-score: 7/9
Altman Z: 0.89
Beneish M: −2.76
Dividend safety: 64/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	5	6	4	5	5	7	6	7	6	7
P/E ratio Full definition →	16.03	6.32	7.78	16.09	0.00	6.97	0.00	8.71	15.28	8.14
P/S ratio Full definition →	1.27	1.16	0.89	1.24	1.13	1.03	1.11	1.01	1.34	1.42
Altman Z-Score Full definition →	1.12	1.04	0.88	1.00	0.68	0.87	0.39	0.68	0.78	0.89
Altman Z″-Score (non-manufacturers) Full definition →	0.94	1.13	1.13	1.12	0.74	1.86	(0.23)	0.54	0.53	0.88
P/FCF ratio Full definition →	12.27	10.71	6.77	7.71	7.07	6.38	8.30	6.05	8.86	9.16
Beneish M-Score Full definition →	(2.75)	(2.64)	(2.09)	(2.88)	(2.86)	(3.12)	(2.95)	(2.84)	(2.85)	(2.76)
P/Operating CF Full definition →	22.47	19.49	12.53	18.74	36.32	17.08	12.98	10.89	13.78	15.73
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	64
P/B ratio Full definition →	1.67	1.31	0.78	1.11	0.90	0.75	1.26	1.05	1.39	1.41
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.08
EV/Sales Full definition →	1.99	1.87	1.89	2.07	2.16	2.20	2.21	2.08	2.32	2.36
EV/EBITDA Full definition →	6.59	6.76	5.53	5.70	9.99	6.73	19.84	6.02	7.17	6.57
EV/Operating CF Full definition →	8.46	7.89	7.40	7.70	8.23	7.92	7.44	6.64	7.33	7.35
EV/FCF Full definition →	19.22	17.26	14.44	12.91	13.54	13.61	16.46	12.44	15.35	15.22
Quick Ratio Full definition →	0.45	0.82	0.49	0.50	0.47	0.30	0.27	0.33	0.28	0.50
Current Ratio Full definition →	0.76	0.97	0.80	0.79	0.82	1.61	0.59	0.71	0.67	0.91
Net Debt/EBITDA Full definition →	2.38	2.57	2.94	2.30	4.77	3.58	9.84	3.09	3.03	2.62
Debt/Assets Full definition →	30.59%	37.01%	33.19%	29.57%	29.91%	31.84%	33.73%	33.74%	31.29%	32.39%
Debt/Equity Full definition →	1.00	1.16	0.91	0.81	0.88	0.96	1.28	1.17	1.04	1.08
Asset Turnover Full definition →	0.41	0.38	0.35	0.33	0.27	0.25	0.25	0.30	0.31	0.31
Operating CF/Net income Full definition →	2.96	1.29	2.25	3.50	(6.98)	1.87	(4.10)	2.70	3.61	1.84
Capex/Depreciation Full definition →	(0.83)	(0.85)	(0.66)	(0.52)	(0.65)	(0.87)	(1.09)	(0.95)	(0.98)	(1.00)
Interest Coverage Full definition →	4.79	3.17	3.28	3.32	1.08	3.86	(0.75)	3.50	2.82	3.55
ROE Full definition →	10.48%	22.13%	11.53%	7.02%	(2.82%)	10.95%	(6.01%)	12.68%	9.12%	17.89%
ROA Full definition →	3.22%	6.95%	3.97%	2.57%	(1.00%)	3.69%	(1.83%)	3.50%	2.68%	5.37%
ROIC Full definition →	6.08%	4.88%	4.47%	4.95%	1.60%	4.76%	(1.20%)	5.91%	4.99%	6.18%
Return on Tangible Assets Full definition →	11.51%	23.95%	16.35%	11.99%	(4.63%)	10.67%	(8.36%)	12.47%	9.50%	17.30%
Average Days of Receivables Full definition →	37.43	37.56	56.59	45.60	51.58	33.53	34.66	30.68	28.76	25.69
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	22.50%	22.09%	21.53%	21.76%	21.54%	22.13%	23.99%	23.58%	23.22%	23.03%
Intangible Assets out of Total Assets Full definition →	0.55	0.49	0.55	0.52	0.51	0.38	0.49	0.49	0.50	0.47
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(1.16)	(1.20)	(1.89)	(1.32)	(1.83)	(1.43)	(1.96)	(2.04)	(1.50)	(1.38)
Graham Number Full definition →	30.83	49.72	42.98	34.34	0.00	39.91	0.00	26.99	23.47	34.80
Earnings Yield Full definition →	6.24%	15.82%	12.85%	6.21%	(3.38%)	14.34%	(6.08%)	11.48%	6.54%	12.28%
Free Cash Flow Yield Full definition →	8.15%	9.34%	14.77%	12.97%	14.15%	15.67%	12.05%	16.52%	11.29%	10.92%
Revenue per Share Full definition →	26.55	26.05	25.19	24.76	19.99	18.70	16.85	17.05	16.99	17.53
Operating CF per Share Full definition →	6.23	6.17	6.43	6.65	5.24	5.19	5.00	5.34	5.39	5.62
Capex per Share Full definition →	(3.49)	(3.35)	(3.14)	(2.68)	(2.05)	(2.17)	(2.74)	(2.49)	(2.81)	(2.91)
Free Cash Flow per Share Full definition →	2.74	2.82	3.30	3.97	3.18	3.02	2.26	2.85	2.57	2.71
Cash per Share Full definition →	0.94	8.19	0.77	1.66	1.36	2.68	0.52	0.94	0.46	2.54
Shareholders Equity per Share Full definition →	20.12	23.04	28.60	27.59	25.04	25.65	14.86	16.35	16.43	17.64
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	20.12	23.04	28.60	27.59	25.04	25.65	14.86	16.35	16.43	17.64
Free Cash Flow Full definition →	16,926.00	17,363.00	22,351.00	29,033.00	22,794.00	21,625.00	16,186.00	20,461.00	18,508.00	19,442.00
Working Capital Full definition →	(12,207.00)	(2,243.00)	(12,993.00)	(14,150.00)	(11,430.00)	64,538.00	(23,065.00)	(14,669.00)	(15,704.00)	(5,048.00)
Capital Expenditures Full definition →	(21,516.00)	(20,647.00)	(21,251.00)	(19,635.00)	(14,690.00)	(15,545.00)	(19,626.00)	(17,853.00)	(20,263.00)	(20,842.00)
Net Current Asset Value Full definition →	(241,342.00)	(222,944.00)	(286,553.00)	(294,974.00)	(294,513.00)	(196,999.00)	(263,288.00)	(253,160.00)	(245,382.00)	(244,975.00)
EV/EBIT Full definition →	13.82	15.01	12.36	13.41	36.86	11.37	0.00	10.85	14.92	12.25
Capex to Sales Full definition →	0.13	0.13	0.12	0.11	0.10	0.12	0.16	0.15	0.17	0.17
Price to Operating Income Full definition →	8.82	9.31	5.80	8.01	19.24	5.33	0.00	5.28	8.61	7.37
Other line items
Depreciation/Fixed assets Full definition →	0.21	0.19	0.24	0.29	0.18	0.15	0.14	0.15	0.16	0.16
Cash ROIC Full definition →	6.68%	4.87%	5.95%	7.70%	6.58%	5.71%	6.58%	7.82%	7.55%	6.92%
Accounts Receivable Turnover Full definition →	9.83	9.64	7.94	7.38	6.68	8.24	10.16	11.26	12.28	13.60
Accounts Payable Turnover Full definition →	2.51	2.37	2.05	1.89	1.37	1.36	1.24	1.28	1.38	1.37
Inventory Turnover Full definition →	0.00	36.50	31.79	29.86	20.02	17.21	15.77	18.91	22.14	21.67
Average Days of Payables Full definition →	147.24	161.70	198.47	199.36	278.27	236.23	306.11	261.08	264.42	276.62
Days of Inventory on Hand Full definition →	9.64	10.44	12.74	12.42	20.54	20.09	22.42	15.85	16.83	17.38
Average Receivables Full definition →	16,663.00	16,658.00	21,497.00	24,554.00	21,425.50	16,264.00	11,889.50	10,877.50	9,963.50	9,240.50
Average Payables Full definition →	30,755.00	32,804.00	38,827.00	44,570.00	48,003.50	44,573.00	40,869.50	39,248.00	35,754.50	37,085.50
Average Inventory Full definition →	—	2,132.00	2,498.00	2,817.50	3,279.50	3,510.00	3,224.00	2,650.00	2,223.50	2,345.00
Average Assets Full definition →	403,246.50	423,959.00	487,980.50	541,766.50	538,715.00	538,691.50	477,237.50	404,956.50	400,927.50	407,496.50
Average Common Equity Full definition →	123,875.00	133,058.50	167,945.50	197,909.00	190,587.00	181,547.50	145,156.00	111,949.50	117,843.50	122,368.00

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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