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. In the quarter to June 2026, revenue grew 2.30%, EPS grew 6.45%, free cash flow grew 4.83% and total debt rose 8.80%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, operating cash flow growth for three.

23.44 0.06 −0.26%
Market cap
$161.0B
P/E
7.8×
Fwd P/E
10.0×
Dividend yield
4.74%
F-score
7/9
Altman Z
0.89
Beneish M
−2.76
Dividend safety
64/100

AT&T Inc. (T) Price to free cash flow

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As of 16 October 2026, AT&T Inc. (T) trades at a price to free cash flow of 9.2×. Over the past ten years it has ranged from 5.1× (March 2020) to 14.3× (June 2015); the current reading is higher than 60% of that period. That is in line with the Telecom Services industry median of 8.9× and in line with the Communication Services sector median of 9.6×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 9.2× 3.42%
FY2024 8.9× 46.29%
FY2023 6.1× (27.03%)
FY2022 8.3× 34.72%
FY2021 6.2× (9.69%)
FY2020 6.8× (8.36%)
FY2019 7.4× 13.82%
FY2018 6.5× (36.73%)
FY2017 10.3× (12.71%)
FY2016 11.8× 34.87%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 8.1× (30.34%)
Mar 2026 11.7× 27.73%
Dec 2025 9.2× (9.55%)
Sep 2025 10.1× (4.75%)
42 more quarters

Against its own ten years

Low 5.1× High 14.3×
Ten-year median 8.5×
Current reading's percentile 60

Price to free cash flow against peers

Company Price to free cash flow
VOD Vodafone Group PLC compare n/m
ECHO EchoStar Corporation compare n/m
ORANY Orange compare n/m
CMCSA Comcast Corporation compare 4.4×
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 5.2×
T AT&T Inc. 9.2×
VZ Verizon Communications Inc. compare 9.2×
TMUS T-Mobile US, Inc. compare 10.5×
CHT Chunghwa Telecom Co., Ltd. compare 21.8×
Telecom Services industry median 8.9×
Communication Services sector median 9.6×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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