The wireless business contributes nearly 70% of AT&T's revenue. The company is the third-largest US wireless carrier, connecting 74 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 14% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential services, about 11% of revenue, primarily consist of in-home broadband internet access, serving 15 million customers. AT&T also has a sizable presence in Mexico, with 25 million wireless customers, but this business only accounts for 3% of revenue. The company recently sold its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.
Employees133,030IPONov 6, 2014SIC4899HQ208 S. Akard Street, Dallas, TX, USA, 75202
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Financials
Profitability
Metric
Current
Margins
Gross Margin
59.6%
Operating Margin
19.9%
EBITDA Margin
43.5%
Net Margin
17.5%
OCF Margin
32.1%
FCF Margin
15.5%
Returns on Capital
ROE
20.5%
ROA
5.4%
ROIC
5.7%
ROCE
9.4%
ROC (Greenblatt)
22.3%
3Y ROIIC
−459.5%
Consistency
Years Profitable / 10Y
8
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
7.73
Forward P/E
10.17
P/E ex-NRI
8.25
Shiller P/E (CAPE)
10.30
Cash Flow Multiples
P/FCF
8.71
P/OCF
4.20
P/Owner Earnings
6.32
FCF Yield
11.77%
Enterprise Value Multiples
EV / EBIT
9.45
EV / Forward EBIT
11.08
EV / EBITDA
5.84
EV / Forward EBITDA
6.32
EV / Revenue
2.55
EV / Forward Revenue
2.37
Asset / Sales
P/S
1.35
P/B
1.51
P/Tangible Book
—
Growth-Adjusted
PEG
0.77
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
4.72%
Forward Dividend Yield
4.72%
3Y Dividend Growth
−9.1%
Payout Ratio
0.29
5Y Yield on Cost
1.53%
Buybacks & Dilution
3Y Buyback Ratio
0.40%
5Y Share Change
−3.8%
Combined
Shareholder Yield
4.10%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
1.40
Gross Debt / EBITDA
2.84
Cash / Debt
0.12
Equity / Assets
0.26
Coverage
Interest Coverage
3.67
Short-Term Liquidity
Current Ratio
0.91
Quick Ratio
0.86
Cash Ratio
0.34
Composite Scores
Piotroski F-Score
7
Altman Z-Score
1.02
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-01-12
$0.2775
2026-02-02
2025-10-10
$0.2775
2025-11-03
2025-07-10
$0.2775
2025-08-01
2025-04-10
$0.2775
2025-05-01
2025-01-10
$0.2775
2025-02-03
2024-10-10
$0.2775
2024-11-01
2024-07-10
$0.2775
2024-08-01
2024-04-09
$0.2775
2024-05-01
2024-01-09
$0.2775
2024-02-01
2023-10-06
$0.2775
2023-11-01
10 of 45
View allDate
Transcript
Type
2026-07-22
Q2 2026 AT&T Inc Earnings Call Transcript
Earnings Call
2026-06-09
AT&T Inc at Mizuho Technology Conference Transcript
Conference Presentations
2026-05-19
AT&T Inc at JPMorgan Global Technology, Media and Communications Conference Transcript
Conference Presentations
2026-04-22
Q1 2026 AT&T Inc Earnings Call Transcript
Earnings Call
2026-03-26
AT&T Inc at New Street Research BCG Connectivity Conference Transcript
Conference Presentations
2026-03-09
AT&T Inc at Deutsche Bank Media, Internet and Telecom Conference Transcript
Conference Presentations
2026-03-03
AT&T Inc at Morgan Stanley Technology, Media & Telecom Conference Transcript
Conference Presentations
2026-02-24
AT&T Inc at Barclays Communications and Content Symposium Transcript
Conference Presentations
2026-01-28
Q4 2025 AT&T Inc Earnings Call Transcript
Earnings Call
2025-12-09
AT&T Inc at UBS Global Media and Communications Conference Transcript
Conference Presentations
10 of 115
5-Step DuPont Analysis
ROE %
20.43%
×
×
Net Margin %
17.47%
×
×
Operating Margin %
19.90%
Operating Income
$25.00B
÷
Revenue
$125.65B
×
Tax Burden
0.8129
Net Income
$21.95B
÷
Pretax Income
$27.01B
×
Interest Burden
1.0803
Pretax Income
$27.01B
÷
Operating Income
$25.00B
×
Asset Turnover
0.31
÷
Revenue
$125.65B
÷
Average Total Assets
$407.50B
Begin Total Assets
$394.80B
End Total Assets
$420.20B
×
Equity Multiplier
3.79
÷
Avg Total Assets
$407.50B
÷
Avg Stockholders Equity
$107.45B
Begin Equity
$104.37B
End Equity
$110.53B