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) Return on invested capital

Alert me on Return on invested capital

AT&T Inc.'s return on invested capital over the twelve months to 30 June 2026 was 6.33%, up 0.1 percentage points from fiscal 2025 (6.18%). Over the past ten years it has ranged from −1.20% (fiscal 2022) to 6.33% (fiscal 2015); the current reading is higher than 91% of that period. That is above the Telecom Services industry median of 3.41% and above the Communication Services sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 6.18% 1.19
FY2024 4.99% (0.92)
FY2023 5.91% 7.11
FY2022 −1.20% (5.96)
FY2021 4.76% 3.16
FY2020 1.60% (3.35)
FY2019 4.95% 0.48
FY2018 4.47% (0.41)
FY2017 4.88% (1.20)
FY2016 6.08% (0.25)

Against its own ten years

Low −1.20% High 6.33%
Ten-year median 4.95%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
AMX America Movil, S.A.B. de C.V. Unsponsored ADR compare 15.4%
CHT Chunghwa Telecom Co., Ltd. compare 9.58%
TMUS T-Mobile US, Inc. compare 8.36%
CMCSA Comcast Corporation compare 6.64%
VZ Verizon Communications Inc. compare 6.64%
T AT&T Inc. 6.33%
ORANY Orange compare 0.00%
VOD Vodafone Group PLC compare 0.00%
ECHO EchoStar Corporation compare −34.3%
Telecom Services industry median 3.41%
Communication Services sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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