Thursday 8 October 2026 Export all T data to Excel Powerpack

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. Member of the S&P 500; dividend growth for three consecutive years, operating cash flow growth for three.

24.88 0.41 +1.68%

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Market cap: $167.7B
P/E: 8.2×
Dividend yield: 5.58%
F-score: 7/9
Altman Z: 0.89
Beneish M: −2.76
Dividend safety: 64/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.41%

Capital & Financial Ratios $m

Market Cap 167,680.00

Revenue 127,239.00

Net Income 23,090.00

Free Cash Flow 17,623.00

Net Debt 126,384.00

Current Ratio 0.97

Debt/Equity 1.14

P/E ratio 8.24

P/S ratio 1.36

P/B ratio 1.37

Past 5Y EPS Growth —

This Y EPS Growth 10.40%

Next Y EPS Growth 9.58%

Next 5Y EPS Growth 11.26%

Scores & Valuation vs History

F-score 7/9 Altman Z 0.89 Beneish M −2.76 Dividend safety 64/100

P/E against its own 10 years 28.21%

10-year low 10-year high

P/S against its own 10 years 86.33%

10-year low 10-year high

P/B against its own 10 years 71.11%

10-year low 10-year high

EV/Sales against its own 10 years 81.42%

10-year low 10-year high

EV/FCF against its own 10 years 71.00%

10-year low 10-year high

Dividends

Payout Ratio 0.46

Annual Dividend Rate 1.39

Annual Dividend Yield 5.58%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.11	0.28 0.28 0.28 0.28
2025	1.11	0.28 0.28 0.28 0.28
2024	1.11	0.28 0.28 0.28 0.28
2023	1.11	0.28 0.28 0.28 0.28
2022	1.35	0.52 0.28 0.28 0.28
2021	2.08	0.52 0.52 0.52 0.52
2020	2.08	0.52 0.52 0.52 0.52
2019	2.04	0.51 0.51 0.51 0.51
2018	2.00	0.50 0.50 0.50 0.50
2017	1.96	0.49 0.49 0.49 0.49
2016	1.92	0.48 0.48 0.48 0.48

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	6,722	3,298	18,234	17,570
Receivables	10,289	9,638	8,843	8,521
Inventory	2,177	2,270	2,420	2,368
Other	—	—	—	—
	36,458	31,168	48,732	51,834

	2023	2024	2025	Q'26
Payables	35,852	35,657	38,514	38,049
ST’ Debt	9,477	5,089	9,011	9,323
Other	3,778	4,099	4,266	4,065
	51,127	46,872	53,780	53,382

Compound Annual Growth %

	10y	5y	3y
Sales	(1.54%)	(2.56%)	1.34%
Cash Flow	1.16%	1.45%	4.00%
Earnings	5.07%	0.00%	0.00%
Book Value	0.23%	(6.73%)	5.92%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	31,506	31,558	—	—	—
’25	30,626	30,847	30,709	33,466	125,648
’24	30,028	29,797	30,213	32,298	122,336
’23	30,139	29,917	30,350	32,022	122,428
’22	29,712	29,643	30,043	31,343	120,741
’21	43,939	35,740	31,326	23,033	134,038
’20	42,779	40,950	42,340	16,981	143,050

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	7,595	10,801	—	—	—
’25	9,049	9,763	10,152	11,320	40,284
’24	7,547	9,093	10,235	11,896	38,771
’23	6,678	9,922	10,336	11,378	38,314
’22	7,630	7,740	10,094	10,348	35,812
’21	9,927	9,856	9,310	8,077	37,170
’20	8,866	12,059	12,123	4,436	37,484

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,718	5,101	—	—	—
’25	4,772	4,866	5,265	4,539	19,442
’24	3,789	4,733	4,933	5,053	18,508
’23	2,343	5,652	5,689	6,777	20,461
’22	3,062	2,832	4,173	6,119	16,186
’21	5,894	6,308	4,840	4,583	21,625
’20	3,900	7,593	8,272	3,029	22,794

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.54	0.66	—	—	—
’25	0.61	0.62	1.29	0.53	3.04
’24	0.47	0.49	(0.03)	0.56	1.49
’23	0.57	0.61	0.48	0.30	1.97
’22	0.65	0.56	0.80	(3.20)	(1.13)
’21	1.04	0.21	0.82	0.69	2.76
’20	0.63	0.17	0.39	(1.95)	(0.75)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	25.23	24.58	20.24	21.37	19.70	16.63	14.46	13.43	15.94	21.38	Analyst estimates 2026–2028 Powerpack
	High	33.15	32.50	29.68	29.98	29.87	25.59	21.53	21.53	24.03	29.79
People
People	Employees	268,000	252,000	268,000	246,000	230,000	203,000	160,700	149,900	140,990	133,030
	Revenue/emp, $m	0.61	0.64	0.64	0.74	0.62	0.66	0.75	0.82	0.87	0.94
Income, $m
Income, $m	Revenue	163,786	160,546	170,756	181,193	143,050	134,038	120,741	122,428	122,336	125,648
	Gross margin, %	52.87	51.53	53.49	53.56	54.11	54.93	57.89	59.06	59.77	59.55
	EBT	19,812	15,139	24,873	18,468	(354)	29,171	(3,094)	19,848	16,698	27,007
	EBT margin, %	12.10	9.43	14.57	10.19	(0.25)	21.76	(2.56)	16.21	13.65	21.49
	Net income	13,333	29,847	19,953	14,975	(1,522)	23,776	(6,874)	15,623	12,253	23,386
	Depreciation	25,847	24,387	32,202	37,804	22,523	17,852	18,021	18,777	20,580	20,886
Per share, $
Per share, $	Revenue	26.55	26.05	25.19	24.76	19.99	18.70	16.85	17.05	16.99	17.53
	Earnings	2.10	4.77	2.85	1.90	(0.75)	2.77	(1.13)	1.97	1.49	3.04
	Cash flow	6.23	6.17	6.43	6.65	5.24	5.19	5.00	5.34	5.39	5.62
	Capex	(3.49)	(3.35)	(3.14)	(2.68)	(2.05)	(2.17)	(2.74)	(2.49)	(2.81)	(2.91)
	Free cash flow	2.74	2.82	3.30	3.97	3.18	3.02	2.26	2.85	2.57	2.71
	Book value	20.12	23.04	28.60	27.59	25.04	25.65	14.86	16.35	16.43	17.64
	Shares, m	6,168	6,164	6,778	7,319	7,157	7,168	7,166	7,181	7,199	7,169
Valuation, ×
Valuation, ×	P/E	15.47	6.10	7.51	15.54	0.00	6.73	0.00	8.71	15.28	8.14
	P/S	1.22	1.12	0.86	1.19	1.09	0.99	1.11	1.01	1.34	1.42
	P/B	1.61	1.26	0.75	1.07	0.87	0.72	1.26	1.05	1.39	1.41
	EV/Sales	1.94	1.83	1.86	2.03	2.12	2.16	2.21	2.08	2.32	2.36
	EV/FCF	18.79	16.89	14.20	12.64	13.29	13.39	16.46	12.44	15.35	15.22
Cash, $m
Cash, $m	Operating cash flow	38,442	38,010	43,602	48,668	37,484	37,170	35,812	38,314	38,771	40,284
	Capex	(21,516)	(20,647)	(21,251)	(19,635)	(14,690)	(15,545)	(19,626)	(17,853)	(20,263)	(20,842)
	Free cash flow	16,926	17,363	22,351	29,033	22,794	21,625	16,186	20,461	18,508	19,442
Balance, $m
Balance, $m	Working capital	(12,207)	(2,243)	(12,993)	(14,150)	(11,430)	64,538	(23,065)	(14,669)	(15,704)	(5,048)
	Total debt	123,513	164,346	176,505	163,147	157,245	175,631	135,890	137,331	123,532	136,100
	Net debt	117,725	113,848	171,301	151,017	147,505	156,408	132,189	130,609	120,234	117,866
	Shareholders’ equity	124,110	142,007	193,884	201,934	179,240	183,855	106,457	117,442	118,245	126,491
Returns, %
Returns, %	ROA	3.22	6.95	3.97	2.57	(1.00)	3.69	(1.83)	3.50	2.68	5.37
	ROIC	6.08	4.88	4.47	4.95	1.60	4.76	(1.20)	5.91	4.99	6.18
	ROE	10.48	22.13	11.53	7.02	(2.82)	10.95	(6.01)	12.68	9.12	17.89

Negative figures in brackets.

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AT&T Inc. (T) key facts

AT&T Inc. (T) is a Telecom Services company in the Communication Services sector, listed on the New York Stock Exchange.
AT&T Inc.’s revenue for fiscal 2025 (year ended December 2025) was $125.6 billion, up 2.71% from fiscal 2024.
As of October 8, 2026, T traded at $24.88, a market capitalization of $167.7 billion.
AT&T Inc. pays an annual dividend of $1.39 per share, a yield of 5.58%, with a payout ratio of 45.9%.
Return on equity was 17.9% and debt-to-equity 1.14.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 0.89 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.