Communication Services · Telecommunications Services
Price
$22.72
Market Cap
$157.9B
Employees
139,970
Beta
0.40
Avg Volume
43,094,603
CEO
John T. Stankey
Business Description
Globally, AT&T Inc. delivers an array of telecommunication, media, and technology offerings. Within its Communications division, the company supplies wireless voice and data communication services. It also markets mobile devices, such as smartphones, wireless data access cards, and portable computing gadgets, alongside accessories like protective cases and hands-free equipment. These products are distributed through AT&T's proprietary outlets, authorized agents, and external retail partners. Furthermore, this segment caters to a broad clientele including multinational corporations, small-to-medium-sized enterprises, government entities, and wholesale clients. For these customers, it delivers an extensive suite of services encompassing data, voice connectivity, cybersecurity, cloud-based solutions, outsourcing, and both managed and professional services, in addition to client-side equipment. Residential consumers also benefit from this division's provision of high-speed fiber optic internet and traditional landline telephone services. Its communication-related offerings and merchandise are promoted under well-known brand names such as AT&T, Cricket, AT&T PREPAID, and AT&T Fiber. The Latin America segment is responsible for delivering wireless communication services within Mexico, as well as video entertainment services across the wider Latin American region. These services and products are branded as AT&T and Unefon. Established in 1983 and headquartered in Dallas, Texas, the corporation was previously known as SBC Communications Inc. and officially adopted the name AT&T Inc. in 2005.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
7.47
Stock Price: $22.72
EPS (Diluted): 3.04
EPS (Diluted): 3.04
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.61
Stock Price: $22.72
Total Equity: $110.53B
Shares: 7,179,000,000
Total Equity: $110.53B
Shares: 7,179,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
6.10
Market Cap: $157.87B
Total Debt: $155.04B
Cash: $18.23B
EBITDA: $54.70B
Total Debt: $155.04B
Cash: $18.23B
EBITDA: $54.70B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$333.8B
Market Cap: $157.87B
Total Debt: $155.04B
Cash: $18.23B
Total Debt: $155.04B
Cash: $18.23B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
79.8%
Gross Profit: $100.22B
Revenue: $125.65B
Revenue: $125.65B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
19.2%
Operating Income: $24.16B
Revenue: $125.65B
Revenue: $125.65B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
17.4%
Net Income: $21.89B
Revenue: $125.65B
Revenue: $125.65B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
19.8%
Net Income: $21.89B
Total Equity: $110.53B
Total Equity: $110.53B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
8.5%
Operating Income: $24.16B
Tax Rate: 13.4%
Equity: $110.53B
Total Debt: $155.04B
Cash: $18.23B
Tax Rate: 13.4%
Equity: $110.53B
Total Debt: $155.04B
Cash: $18.23B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.91
Current Assets: $48.73B
Current Liabilities: $53.78B
Current Liabilities: $53.78B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.40
Short-Term Debt: $9.01B
Long-Term Debt: $146.03B
Total Debt: $155.04B
Total Equity: $110.53B
Long-Term Debt: $146.03B
Total Debt: $155.04B
Total Equity: $110.53B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$17.50
Revenue: $125.65B
Shares: 7,179,000,000
Shares: 7,179,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$15.40
Total Equity: $110.53B
Shares: 7,179,000,000
Shares: 7,179,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.71
Operating CF: $40.28B
CapEx: -$20.84B
Shares: 7,179,000,000
CapEx: -$20.84B
Shares: 7,179,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.6%
Last Dividend: N/A
Stock Price: $22.72
Stock Price: $22.72
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $21.89B
Net Income: $21.89B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares T against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 3:14am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $134.0B | $120.7B | $122.4B | $122.3B | $125.6B |
| Cost of Revenue | $60.4B | $50.8B | $68.9B | $69.8B | $25.4B |
| Gross Profit | $73.6B | $69.9B | $53.5B | $52.5B | $100.2B |
| Operating Expenses | $47.7B | $74.5B | $28.8B | $28.3B | $76.1B |
| Operating Income | $25.9B | -$4.6B | $24.8B | $24.3B | $24.2B |
| Net Income | $20.1B | -$8.5B | $14.4B | $10.9B | $21.9B |
| EBITDA | $53.7B | $21.1B | $45.3B | $44.0B | $54.7B |
| EPS | $2.77 | $-1.22 | $1.97 | $1.49 | $3.04 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 3:14am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $19.2B | $3.7B | $6.7B | $3.3B | $18.2B |
| Total Current Assets | $170.8B | $33.1B | $36.5B | $31.2B | $48.7B |
| Total Assets | $551.6B | $402.9B | $407.1B | $394.8B | $420.2B |
| Current Liabilities | $106.2B | $56.2B | $51.1B | $46.9B | $53.8B |
| Long-Term Debt | $151.0B | $128.4B | $127.9B | $118.4B | $146.0B |
| Total Liabilities | $367.8B | $296.4B | $287.6B | $274.6B | $291.7B |
| Total Equity | $166.3B | $97.5B | $103.3B | $104.4B | $110.5B |
| Retained Earnings | $42.4B | -$19.4B | -$5.0B | $1.9B | $15.8B |
Cash Flow (Annual)
Last updated: Jun 27, 2026 3:14am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $42.0B | $32.0B | $38.3B | $38.8B | $40.3B |
| Capital Expenditure | -$16.5B | -$19.6B | -$17.9B | -$20.3B | -$20.8B |
| Free Cash Flow | $25.4B | $12.4B | $20.5B | $18.5B | $19.4B |
| Acquisitions (net) | -$16.7B | -$10.0B | -$2.9B | -$380.0M | -$379.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$202.0M | -$890.0M | -$194.0M | -$215.0M | -$4.5B |
| Net Change in Cash | $11.4B | -$17.5B | $3.0B | -$3.4B | $15.1B |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 3:14am (6h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -9.9% | +1.4% | -0.1% | +2.7% |
| Gross Profit Growth | -5.1% | -23.4% | -1.9% | +90.8% |
| Operating Income Growth | -117.7% | +640.0% | -2.0% | -0.4% |
| Net Income Growth | -142.4% | +268.9% | -24.0% | +99.9% |
| EBITDA Growth | -60.8% | +115.1% | -2.9% | +24.2% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:06pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-10 | $0.28 | 2026-03-27 | 2026-04-10 | 2026-05-01 |
| 2026-01-12 | $0.28 | 2025-12-15 | 2026-01-12 | 2026-02-02 |
| 2025-10-10 | $0.28 | 2025-09-25 | 2025-10-10 | 2025-11-03 |
| 2025-07-10 | $0.28 | 2025-06-25 | 2025-07-10 | 2025-08-01 |
| 2025-04-10 | $0.28 | 2025-03-21 | 2025-04-10 | 2025-05-01 |
| 2025-01-10 | $0.28 | 2024-12-12 | 2025-01-10 | 2025-02-03 |
| 2024-10-10 | $0.28 | 2024-09-27 | 2024-10-10 | 2024-11-01 |
| 2024-07-10 | $0.28 | 2024-06-26 | 2024-07-10 | 2024-08-01 |
| 2024-04-09 | $0.28 | 2024-03-29 | 2024-04-10 | 2024-05-01 |
| 2024-01-09 | $0.28 | 2023-12-13 | 2024-01-10 | 2024-02-01 |
| 2023-10-06 | $0.28 | 2023-09-29 | 2023-10-10 | 2023-11-01 |
| 2023-07-07 | $0.28 | 2023-06-29 | 2023-07-10 | 2023-08-01 |
| 2023-04-06 | $0.28 | 2023-03-31 | 2023-04-10 | 2023-05-01 |
| 2023-01-09 | $0.28 | 2022-12-15 | 2023-01-10 | 2023-02-01 |
| 2022-10-06 | $0.28 | 2022-09-30 | 2022-10-10 | 2022-11-01 |
| 2022-07-08 | $0.28 | 2022-06-28 | 2022-07-11 | 2022-08-01 |
| 2022-04-13 | $0.28 | 2022-03-25 | 2022-04-14 | 2022-05-02 |
| 2022-01-07 | $0.52 | 2021-12-16 | 2022-01-10 | 2022-02-01 |
| 2021-10-07 | $0.52 | 2021-09-23 | 2021-10-11 | 2021-11-01 |
| 2021-07-08 | $0.52 | 2021-06-25 | 2021-07-09 | 2021-08-02 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for T — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30