What are AT&T's profit margins?

AT&T (T) runs a 93.0% gross margin and a 19.8% operating margin, with a 16.9% net margin.

Where do AT&T's ratios come from?

Every ratio is computed from AT&T's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

AT&T T Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	19.8%+0.6pp	19.2%+0.2pp	19%+3.2pp	15.9%+0.5pp	15.4%-0.2pp
Net margin	16.9%-0.5pp	17.5%-0.4pp	17.9%+7.6pp	10.3%+0.6pp	9.6%+0.7pp
EBITDA margin	36.1%+0.3pp	35.9%-0.2pp	36%+3.3pp	32.7%+0.5pp	32.3%-0.1pp
Free cash flow margin	13.7%-1.7pp	15.5%-0.6pp	16%+0.2pp	15.8%0.0pp	15.9%+0.7pp
Returns
Return on assets	5.2%-0.2pp	5.4%-0.1pp	5.4%+2.3pp	3.2%+0.2pp	3%+0.2pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	0.9×0.0×	0.9×-0.1×	1×+0.2×	0.8×+0.1×	0.7×0.0×
Quick ratio	0.9×0.0×	0.9×-0.1×	1×+0.2×	0.8×+0.1×	0.6×0.0×
Cash ratio	0.2×-0.1×	0.3×0.0×	0.4×+0.2×	0.2×+0.1×	0.1×+0.1×
Leverage
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	3.2×0.0×	3.1×+0.1×	3.1×-0.4×	3.4×0.0×	3.4×-0.2×
Interest coverage	3.6×+0.1×	3.6×0.0×	3.6×+0.6×	3×+0.1×	2.8×0.0×
Valuation
Market capitalization	$202.41B+14.9%	$176.1B-12.8%	$201.93B-0.8%	$203.49B+0.2%	$203B+24.2%
Enterprise value	$347.76B+9.4%	$317.87B-6.5%	$340.15B-0.9%	$343.07B+1.0%	$339.71B+11.0%
Price / earnings	9.4×+1.4×	8×-1.1×	9.1×-6.9×	16×-1.2×	17.1×+2.2×
Price / sales	1.6×+0.2×	1.4×-0.2×	1.6×0.0×	1.6×0.0×	1.7×+0.3×
EV / EBITDA	7.6×+0.5×	7.1×-0.5×	7.6×-0.9×	8.5×-0.1×	8.6×+0.8×
EV / sales	2.7×+0.2×	2.5×-0.2×	2.7×0.0×	2.8×0.0×	2.8×+0.3×
Free cash flow yield	8.6%-2.4pp	11%+1.2pp	9.9%+0.2pp	9.6%0.0pp	9.6%-1.7pp
Earnings yield	10.6%-1.9pp	12.5%+1.4pp	11%+4.7pp	6.3%+0.4pp	5.8%-0.9pp
Dividend yield	4%-0.7pp	4.6%+0.6pp	4.1%0.0pp	4%0.0pp	4.1%-1.0pp
PEG ratio	0.1×0.0×	0.1×0.0×	0.1×-63.4×	63.4×—	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about AT&T.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are AT&T's profit margins?: AT&T (T) runs a 93.0% gross margin and a 19.8% operating margin, with a 16.9% net margin.
Where do AT&T's ratios come from?: Every ratio is computed from AT&T's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.