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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	74%+8.9pp	69.6%+0.8pp	65.9%-6.4pp	62.4%+8.1pp	65.1%+31.5pp
Net margin	62.6%+26.1pp	55.3%+17.4pp	46.8%+6.0pp	36.3%+12.3pp	36.4%+30.0pp
EBITDA margin	140.8%+9.6pp	136.9%+3.3pp	133.4%-2.3pp	129.3%+12.6pp	131.2%+36.1pp
Free cash flow margin	61.1%-3.7pp	63.2%-3.6pp	62.8%-5.5pp	63.4%-4.7pp	64.7%-1.2pp
Returns
Return on assets	19.2%+8.1pp	17%+5.4pp	14.3%+1.9pp	11.1%+3.7pp	11.1%+9.0pp
Efficiency
Asset turnover	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Liquidity
Current ratio	3.6×+0.8×	3.4×+0.7×	3.2×+0.4×	2.9×+0.1×	2.8×0.0×
Quick ratio	3.5×+0.9×	3.2×+0.7×	3×+0.4×	2.7×+0.1×	2.6×0.0×
Cash ratio	1.2×+0.8×	1.1×+0.8×	0.8×+0.5×	0.5×+0.1×	0.4×-0.2×
Leverage
Debt-to-assets	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×-0.1×	1.5×-0.1×
Net debt / EBITDA	12.8×-1.3×	13.1×-1.0×	13.6×-0.6×	14.2×-6.1×	14.2×-12.7×
Interest coverage	13.7×+1.9×	12.9×+0.5×	12.2×-0.9×	11.4×+1.5×	11.8×+5.7×
Valuation
Market capitalization	$783.93B+18.4%	$784.52B+33.9%	$771.8B+42.1%	$728.18B+47.8%	$662.13B+41.0%
Enterprise value	$1.35T+9.7%	$1.34T+15.3%	$1.33T+17.4%	$1.29T+18.3%	$1.23T+13.8%
Price / earnings	42.5×-17.8×	50.2×-2.3×	57.1×+11.1×	65.5×—	60.3×—
Price / sales	6.3×+0.9×	6.3×+1.5×	6.3×+1.8×	5.9×+1.9×	5.4×+1.6×
EV / EBITDA	30.7×0.0×	31.7×+3.1×	32.3×+5.0×	32.5×-3.8×	30.7×-16.1×
EV / sales	10.8×+0.7×	10.8×+1.3×	10.8×+1.5×	10.5×+1.6×	10×+1.2×
Free cash flow yield	39.2%-9.8pp	40.2%-16.5pp	40.5%-21.9pp	43.4%-24.5pp	49%-19.6pp
Earnings yield	40.3%+12.8pp	35.6%+3.2pp	29.8%-7.8pp	24.5%+3.1pp	27.5%+23.0pp
Dividend yield	16.7%-3.5pp	16.8%-5.8pp	17.2%-7.1pp	18.3%-8.4pp	20.2%-7.6pp
PEG ratio	63.7×—	——	——	——	——

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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.