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AT&T T Free cash flow margin

Free cash flow margin at other companies

Dycom Industries logo
Dycom IndustriesDY
7%+6.1pp
Motorola Solutions, Inc. logo
Motorola Solutions, Inc.MSI
21%+0.2pp
SBA Communications logo
SBA CommunicationsSBAC
35.7%-6.2pp
Crown Castle logo
Crown CastleCCI
64.7%+0.8pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
7.4%-0.9pp
Comcast logo
ComcastCMCSA
16.3%+3.1pp

Other financials

Income statement

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Revenue$31.5B+2.9%
Operating income$6.7B+15.7%
Net income$3.8B-12.0%
EPS (diluted)$0.54-11.5%

Balance sheet

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Cash & equivalents$12.0B+73.8%
Total debt$157.31B+9.6%
Total assets$421.19B+6.0%

Cash flow

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Operating cash flow$7.6B-16.1%
CapEx$4.9B+14.0%
Free cash flow$2.7B-43.0%

Valuation

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Market cap$155.92B-0.3%
Enterprise value$301.27B+2.4%
P/E7.3×-5.9×
P/S1.2×0.0×

Profitability

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Gross margin93%
Operating margin19.8%+4.4pp
Net margin16.9%+7.3pp

Returns & leverage

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Current ratio0.9×+0.2×

Where this comes from

Calculated from AT&T’s reported figures.

Based on trailing twelve months.

The official record: AT&T’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AT&T's free cash flow margin?
AT&T (T) reported free cash flow margin of 13.7% in Q1 2026.
How has AT&T's free cash flow margin changed year-over-year?
AT&T's free cash flow margin decreased by 13.3% year-over-year, from 15.9% to 13.7%.
What is the long-term trend for AT&T's free cash flow margin?
Over 4 years (2021 to 2025), AT&T's free cash flow margin has grown at a -7.9% compound annual growth rate (CAGR), from 87.9% to 63.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.