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%
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

AT&T Inc. (T) Debt to equity

Alert me on Debt to equity

AT&T Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 1.3×, up 0.2× from fiscal 2025 (1.1×). Over the past ten years it has ranged from 0.8× (fiscal 2019) to 1.3× (fiscal 2022); the current reading is higher than 73% of that period. That is above the Telecom Services industry median of 0.6× and above the Communication Services sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.1× 3.00%
FY2024 1.0× (10.66%)
FY2023 1.2× (8.39%)
FY2022 1.3× 33.62%
FY2021 1.0× 8.89%
FY2020 0.9× 8.59%
FY2019 0.8× (11.26%)
FY2018 0.9× (21.33%)
FY2017 1.2× 16.29%
FY2016 1.0× (2.46%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.3× 14.21%
Jun 2026 1.1× 3.34%
Mar 2026 1.1× 2.40%
Dec 2025 1.1× (2.21%)
43 more quarters

Against its own ten years

Low 0.8× High 1.3×
Ten-year median 1.0×
Current reading's percentile 73

Debt to equity against peers

Company Debt to equity
CHT Chunghwa Telecom Co., Ltd. compare 0.1×
ECHO EchoStar Corporation compare 0.6×
CMCSA Comcast Corporation compare 0.9×
VOD Vodafone Group PLC compare 1.0×
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 1.1×
T AT&T Inc. 1.3×
ORANY Orange compare 1.4×
TMUS T-Mobile US, Inc. compare 1.5×
VZ Verizon Communications Inc. compare 1.5×
Telecom Services industry median 0.6×
Communication Services sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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