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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	19.2%+3.7pp	15.6%-3.6pp	19.2%+23.0pp	-3.8%-23.1pp
Net margin	17.5%+8.5pp	8.9%-2.8pp	11.8%+18.8pp	-7.1%-22.0pp
EBITDA margin	35.9%+3.5pp	32.4%-2.1pp	34.5%+23.4pp	11.1%-22.5pp
Free cash flow margin	15.5%+0.3pp	15.1%-1.6pp	16.7%+3.3pp	13.4%-6.3pp
Returns
Return on assets	5.4%+2.7pp	2.7%-0.8pp	3.6%+5.3pp	-1.8%-5.5pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	0.9×+0.2×	0.7×0.0×	0.7×+0.1×	0.6×-1.0×
Quick ratio	0.9×+0.2×	0.6×-0.1×	0.7×+0.1×	0.5×-1.1×
Cash ratio	0.3×+0.3×	0.1×-0.1×	0.1×+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×
Net debt / EBITDA	3.1×-0.5×	3.6×0.0×	3.6×-8.0×	11.6×+7.6×
Interest coverage	3.6×+0.7×	2.8×-0.7×	3.5×+4.3×	-0.8×-4.6×
Valuation
Market capitalization	$176.1B+7.8%	$163.38B+35.4%	$120.65B-8.4%	$131.76B-1.2%
Enterprise value	$317.87B+3.9%	$305.96B+11.6%	$274.19B-4.8%	$287.97B-8.2%
Price / earnings	8×-6.9×	14.9×+6.5×	8.4×—	——
Price / sales	1.4×+0.1×	1.3×+0.3×	1×-0.1×	1.1×+0.1×
EV / EBITDA	7.1×-0.7×	7.7×+1.2×	6.5×-14.9×	21.4×+14.5×
EV / sales	2.5×0.0×	2.5×+0.3×	2.2×-0.1×	2.4×0.0×
Free cash flow yield	11%-0.3pp	11.3%-5.6pp	17%+4.7pp	12.3%-7.5pp
Earnings yield	12.5%+5.8pp	6.7%-5.2pp	11.9%+18.4pp	-6.5%-21.5pp
Dividend yield	4.6%-0.4pp	5%-1.7pp	6.7%-0.7pp	7.5%-3.8pp
PEG ratio	0.1×—	——	——	——

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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.