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%+4.4pp	19.2%+3.7pp	19%+3.5pp	15.9%-2.7pp	15.4%-3.6pp
Net margin	16.9%+7.3pp	17.5%+8.5pp	17.9%+10.5pp	10.3%-0.1pp	9.6%-1.5pp
EBITDA margin	36.1%+3.9pp	35.9%+3.5pp	36%+4.1pp	32.7%-1.8pp	32.3%-2.5pp
Free cash flow margin	13.7%-2.1pp	15.5%+0.3pp	16%-0.5pp	15.8%-1.3pp	15.9%-2.1pp
Returns
Return on assets	5.2%+2.3pp	5.4%+2.7pp	5.4%+3.2pp	3.2%0.0pp	3%-0.4pp
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×+0.2×	0.9×+0.2×	1×+0.3×	0.8×+0.1×	0.7×0.0×
Quick ratio	0.9×+0.2×	0.9×+0.2×	1×+0.3×	0.8×+0.1×	0.6×0.0×
Cash ratio	0.2×+0.1×	0.3×+0.3×	0.4×+0.3×	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×-0.3×	3.1×-0.5×	3.1×-0.6×	3.4×0.0×	3.4×0.0×
Interest coverage	3.6×+0.8×	3.6×+0.7×	3.6×+0.8×	3×-0.4×	2.8×-0.6×
Valuation
Market capitalization	$202.41B-0.3%	$176.1B+7.8%	$201.93B+27.5%	$203.49B+48.1%	$203B+60.4%
Enterprise value	$347.76B+2.4%	$317.87B+3.9%	$340.15B+12.6%	$343.07B+21.6%	$339.71B+24.4%
Price / earnings	9.4×-7.7×	8×-6.9×	9.1×-8.4×	16×+5.2×	17.1×+7.8×
Price / sales	1.6×-0.1×	1.4×+0.1×	1.6×+0.3×	1.6×+0.5×	1.7×+0.6×
EV / EBITDA	7.6×-1.0×	7.1×-0.7×	7.6×-0.2×	8.5×+1.8×	8.6×+2.1×
EV / sales	2.7×0.0×	2.5×0.0×	2.7×+0.3×	2.8×+0.5×	2.8×+0.5×
Free cash flow yield	8.6%-1.0pp	11%-0.3pp	9.9%-2.9pp	9.6%-5.6pp	9.6%-7.7pp
Earnings yield	10.6%+4.7pp	12.5%+5.8pp	11%+5.3pp	6.3%-3.0pp	5.8%-4.9pp
Dividend yield	4%-0.1pp	4.6%-0.4pp	4.1%-1.1pp	4%-1.9pp	4.1%-2.4pp
PEG ratio	0.1×—	0.1×—	0.1×—	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.