AT&T
T NYSE· Integrated Telecommunication Services
Last close · Oct 27, 2026
$20.94
KIRA · Stoqly’s AI analyst, in plain words
- AT&T had $125.6B of revenue in fiscal 2025, up 2.7% on the year before. Over five years, revenue changed −2.6% a year on average.
- Its operating margin was 19.2%, up 3.7 pts: of every 100 in sales, about 19 is left after running the business.
- AT&T made $22.0B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 4.2% a year.
- Free cash flow was $19.4B in fiscal 2025, 15.5% of revenue.
- AT&T returned $12.7B to shareholders in fiscal 2025, 65% of free cash flow. The diluted share count fell 0.4%.
- AT&T owes $117.9B more than it holds in cash, about 2.6 years of operating profit.
Market cap
$143.3B
P/E
11.3x
Revenue
$125.6B
Net income
$22.0B
Free cash flow
$19.4B
Operating margin
19.2%
AT&T in 30 seconds · fiscal 2025
Are sales growing?
+2.7%
Only a little. Sales grew 2.7% last year.
Does it make a profit?
17.5%
Yes. It keeps 17.5% of every sale as profit.
Does profit turn into cash?
15.5%
Yes. 15.5% of sales ends up as free cash.
Is debt under control?
2.6x
Keep an eye on it. Repaying its debt would take 2.6 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
How is the share priced?
11.3x
One share costs 11.3 times its yearly profit per share. Typical for its sector: 17.3x.
What AT&T does
AT&T sells wireless and home internet service in the United States and network services to businesses. It offers phone plans and sells phones and other devices online, in its own stores and through agents and other retailers. At home it provides internet over fiber lines and, where fiber isn't available, over its 5G wireless network under the AT&T Internet Air name. Its business customers range from multinational corporations to small firms and government agencies. It also provides wireless service in Mexico. AT&T reports two segments. Communications, made up of its Mobility, Business Wireline and Consumer Wireline units, provided approximately 97% of 2025 segment operating revenues. At the end of 2025 Mobility served 120 million subscribers, including 91 million on postpaid plans, and AT&T had 10.4 million fiber home broadband customers. The Latin America segment serves approximately 24.7 million wireless subscribers in Mexico.
Biggest risks, in its own words
- The large amounts of capital and the ongoing access to wireless spectrum it needs to keep growing its wireless and broadband services.
- Increasing competition that could hurt its results.
- Higher costs to win and keep customers putting pressure on margins and customer retention.
- Union contract talks that could raise its costs or lead to work stoppages, since much of its workforce is unionized.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 9, 2026
- Legal name
- AT&T INC.
- CIK
- 0000732717
AT&T · T
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $134.0B | $120.7B | $122.4B | $122.3B | $125.6B |
| Revenue growth | −6.3% | −9.9% | 1.4% | −0.1% | 2.7% |
| Operating margin | 19.3% | −3.8% | 19.2% | 15.6% | 19.2% |
| Net income | $20.1B | −$8.5B | $14.4B | $10.9B | $22.0B |
| Net margin | 15.0% | −7.1% | 11.8% | 9.0% | 17.5% |
| Diluted EPS | $2.73 | −$1.13 | $1.97 | $1.49 | $3.04 |
| Cash | |||||
| Cash from operations | $42.0B | $35.8B | $38.3B | $38.8B | $40.3B |
| Capital expenditure | $15.5B | $19.6B | $17.9B | $20.3B | $20.8B |
| Free cash flow | $26.4B | $16.2B | $20.5B | $18.5B | $19.4B |
| FCF margin | 19.7% | 13.4% | 16.7% | 15.1% | 15.5% |
| Dividends paid | $15.1B | $9.9B | $8.1B | $8.2B | $8.2B |
| Share buybacks | $202M | $890M | $194M | $215M | $4.5B |
| Share count change | 0.5% | 1.1% | −4.3% | −0.7% | −0.4% |
| Debt and strength | |||||
| Cash and short-term investments | $19.2B | $3.7B | $6.7B | $3.3B | $18.2B |
| Debt incl. finance leases | $175.6B | $135.9B | $137.3B | $123.5B | $136.1B |
| Shareholders' equity | $183.9B | $106.5B | $117.4B | $118.2B | $126.5B |
| Net debt / EBITDA | 3.6x | 9.8x | 3.1x | 3.0x | 2.6x |
| Current ratio | 1.6x | 0.6x | 0.7x | 0.7x | 0.9x |
| Interest coverage | 3.9x | −0.8x | 3.5x | 2.8x | 3.6x |
| Returns and quality | |||||
| Return on capital | 6.3% | −1.3% | 7.6% | 5.8% | 8.7% |
| Return on equity | 11.1% | −5.9% | 12.9% | 9.3% | 17.9% |
| Piotroski F-score | 5 | 3 | 7 | 5 | 7 |
| Altman Z'' | 1.9 | −0.2 | 0.5 | 0.5 | 0.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
AT&T · T
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| AT&T T | $143.3B | 2.7% | 19.2% | 15.5% | 8.7% | 11.3x | 7 |
| Verizon VZ | $183.2B | 2.5% | 21.2% | 14.6% | 9.4% | 11.4x | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $20.94 a share, the company is worth $143.3B: 11.3 times its earnings of the last four quarters.
AT&T grew sales faster than 1 of its 1 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000732717). Data updated October 21, 2026. For information only — not investment advice. Check the original filings before relying on any figure.