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

21.79 0.03 −0.14%
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) Price to free cash flow

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As of 5 November 2026, AT&T Inc. (T) trades at a price to free cash flow of 8.4×. Over the past ten years it has ranged from 5.2× (October 2023) to 14.3× (June 2015); the current reading is higher than 47% of that period. That is in line with the Telecom Services industry median of 8.1× and below the Communication Services sector median of 10.2×.

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× 30.03%
FY2021 6.4× (9.72%)
FY2020 7.1× (8.32%)
FY2019 7.7× 13.84%
FY2018 6.8× (36.76%)
FY2017 10.7× (12.71%)
FY2016 12.3× 39.72%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 9.4× 14.87%
Jun 2026 8.1× (30.34%)
Mar 2026 11.7× 27.73%
Dec 2025 9.2× (9.55%)
43 more quarters

Against its own ten years

Low 5.2× High 14.3×
Ten-year median 8.6×
Current reading's percentile 47

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 5.2×
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 5.7×
TMUS T-Mobile US, Inc. compare 8.2×
T AT&T Inc. 8.4×
VZ Verizon Communications Inc. compare 10.7×
CHT Chunghwa Telecom Co., Ltd. compare 22.3×
Telecom Services industry median 8.1×
Communication Services sector median 10.2×
Market median 14.1×

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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