Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of AT&T Inc.

T · NYSE · Telecom & media

Fundamental quality

REASONABLE

59

out of 100

AT&T Inc. is a mature, stable business: it earns money solidly (net margin 16.9%) but grows slowly (-2.1% a year). On fundamental quality it scores 59 out of 100, profiling it as a company of reasonable quality. Its weakest area is its growth (revenue -2.1%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

AT&T is one of the largest U.S. telecom operators. After shedding its media ventures, it has returned to its core business: mobile plans and fiber internet for homes and businesses. It's a mature, stable business known for its dividend.

What will shape its future

  • Fierce competition to win mobile customers against Verizon and T-Mobile.
  • The fiber rollout as a growth avenue and the huge investment the network requires.
  • Its high debt and its ability to reduce it while sustaining the dividend.

Breakdown by area

I.Growth
28

EPS growth: 2.3% · Revenue growth: -2.1%

II.Profitability
79

Net margin: 16.9% · ROE: 17.1% · ROIC: 8.9%

III.Financial health
70

Net debt/EBITDA: 2.75x · FCF: 14.2%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 12 Telecom & media companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 100%
ROEbeats 80%
Growthbeats 8%
Cash generationbeats 70%
Less debtbeats 50%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

AT&T Inc. strengths

  • Strong free-cash-flow generation (FCF margin of 14.2%): profit turns into real cash.
  • It has turned profitable after years of losses.
  • High net margin (16.9%): the business is clearly profitable.
  • Positive free cash flow year after year, a self-funding business.

AT&T Inc. risks and weaknesses

  • Declining revenue (-2.1% annualized).

AT&T Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
2020143,050-5,17628,440150,755
2021134,03820,08126,412172,873
2022120,741-8,524136,973
2023122,42814,40020,461136,157
2024122,33610,94818,508123,907
2025125,64821,95319,442125,495

Between 2020 and 2025, revenue went from $143,050M to $125,648M (-12%) and net income went from -$5,176M to $21,953M (+524%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+2.6%
  • Net income-4.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$1.11

per share, yearly

37.3% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is AT&T Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is AT&T Inc. a good company to invest in?

In terms of business quality, AT&T Inc. scores 59 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is AT&T Inc. a profitable company?

Yes. AT&T Inc. shows a net margin of 16.9% and an ROE of 17.1%, a sign of a profitable business.

Does AT&T Inc. have a lot of debt?

A moderate level: its net debt is 2.75 times its EBITDA.

Is AT&T Inc. growing?

Its revenue has fallen 2.1% annualized in recent years.

Does AT&T Inc. generate cash?

Yes. It converts about 14.2% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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