AT&T Inc.
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 11.1 | 12.5 | 18.2 | 15.6 | 15.9 | 14.3 | 12.1 | 7.7 | 11.0 | 13.1 | 14.3 | 16.2 | – | 10.3 | 6.6 | 34.4 | 20.4 | 7.8 | 20.6 | 11.0 | 15.3 | 6.2 | 7.6 | 15.6 | – | 6.9 | – | 8.5 | 15.0 | 8.1 | |
| 1.5 | 1.2 | 3.0 | 2.6 | 2.4 | 2.2 | 1.6 | 1.6 | 1.6 | 1.4 | 1.7 | 1.6 | 1.0 | 1.0 | 1.1 | 1.1 | 1.2 | 1.1 | 1.0 | 1.0 | 1.2 | 1.1 | 0.9 | 1.2 | 0.9 | 1.0 | 1.2 | 1.0 | 1.3 | 1.4 | |
| 4.0 | 4.8 | 6.1 | 4.8 | 4.1 | 3.1 | 2.1 | 1.7 | 1.6 | 1.1 | 0.9 | 1.7 | 1.3 | 1.2 | 1.2 | 1.3 | 1.6 | 1.6 | 1.5 | 1.2 | 1.6 | 1.3 | 0.8 | 1.2 | 1.0 | 0.8 | 1.4 | 1.2 | 1.6 | 1.6 | |
| 1.6 | 1.2 | 3.1 | 2.6 | 2.9 | 2.7 | 2.0 | 1.9 | 2.2 | 2.1 | 2.6 | 2.2 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.6 | 1.8 | 1.9 | 1.8 | 1.9 | 2.0 | 1.8 | 2.2 | 2.3 | 2.1 | 2.3 | 2.4 | |
| 3.7 | 3.3 | 6.6 | 6.2 | 6.3 | 5.8 | 4.3 | 4.4 | 5.8 | 6.2 | 7.2 | 5.9 | 4.6 | 4.7 | 4.8 | 6.9 | 6.7 | 4.3 | 6.5 | 5.8 | 6.3 | 6.5 | 5.2 | 6.6 | 9.1 | 5.6 | 12.9 | 5.6 | 6.5 | 5.4 | |
| 21.5 | 42.3 | 56.9 | 20.3 | 105.5 | 27.8 | 8.2 | 7.9 | 11.1 | 8.5 | 14.5 | 11.9 | 9.2 | 7.0 | 8.5 | 9.3 | 7.5 | 10.3 | 13.1 | 8.8 | 11.1 | 10.5 | 6.4 | 7.4 | 5.7 | 5.5 | 11.3 | 6.0 | 8.9 | 9.2 | |
| 4.7% | 2.4% | 1.8% | 4.9% | 0.9% | 3.6% | 12.3% | 12.6% | 9.0% | 11.8% | 6.9% | 8.4% | 10.9% | 14.2% | 11.7% | 10.7% | 13.3% | 9.7% | 7.7% | 11.4% | 9.0% | 9.6% | 15.6% | 13.5% | 17.6% | 18.2% | 8.9% | 16.8% | 11.3% | 10.9% | |
| Margins | ||||||||||||||||||||||||||||||
| 42.4% | 35.7% | 41.2% | 40.7% | 39.4% | 63.1% | 61.5% | 58.4% | 38.9% | 38.9% | 40.9% | 43.1% | 43.9% | 42.8% | 42.4% | 40.2% | 42.4% | 45.7% | 40.4% | 39.3% | 37.3% | 36.3% | 36.9% | 38.0% | 36.9% | 54.9% | 57.9% | 43.7% | 42.9% | 59.6% | |
| 24.7% | 17.6% | 24.3% | 23.4% | 20.4% | 22.9% | 19.7% | 15.5% | 14.5% | 16.0% | 17.5% | 18.2% | 19.5% | 17.1% | 15.7% | 9.6% | 10.2% | 23.7% | 10.5% | 18.2% | 15.8% | 14.6% | 16.0% | 16.8% | 15.0% | 19.3% | -3.8% | 20.2% | 19.8% | 19.9% | |
| 13.8% | 9.5% | 16.6% | 16.5% | 15.2% | 15.3% | 13.2% | 21.0% | 14.5% | 10.9% | 11.7% | 10.0% | -2.1% | 9.9% | 16.0% | 3.1% | 5.7% | 14.3% | 4.9% | 9.1% | 7.9% | 18.3% | 11.3% | 7.7% | -3.0% | 15.0% | -7.1% | 11.8% | 8.9% | 17.4% | |
| 7.1% | 2.8% | 5.3% | 12.7% | 2.3% | 7.9% | 19.6% | 20.5% | 14.4% | 16.9% | 11.6% | 13.8% | 11.3% | 14.6% | 12.4% | 11.5% | 15.5% | 10.8% | 7.7% | 11.4% | 10.9% | 10.8% | 13.4% | 16.1% | 16.0% | 19.0% | 10.3% | 16.7% | 15.1% | 15.5% | |
| Returns | ||||||||||||||||||||||||||||||
| 36.1% | 38.8% | 33.8% | 30.5% | 25.6% | 21.3% | 17.0% | 22.2% | 14.5% | 8.8% | 6.4% | 10.4% | -2.7% | 12.0% | 17.8% | 3.7% | 7.9% | 20.2% | 7.2% | 10.9% | 10.5% | 20.9% | 10.5% | 7.5% | -3.2% | 12.1% | -8.7% | 13.9% | 10.5% | 19.8% | |
| 8.8% | 9.1% | 10.3% | 9.8% | 7.9% | 7.3% | 5.9% | 8.5% | 5.3% | 3.3% | 2.7% | 4.3% | -1.0% | 4.5% | 7.4% | 1.5% | 2.7% | 6.6% | 2.2% | 3.3% | 3.2% | 6.6% | 3.6% | 2.5% | -1.0% | 3.6% | -2.1% | 3.5% | 2.8% | 5.2% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| 2,021 | 1,729 | 3,579 | 2,879 | 26,319 | 25,463 | 18,474 | 13,133 | 26,205 | 29,346 | 57,378 | 62,145 | 73,199 | 68,340 | 64,730 | 61,708 | 64,976 | 71,449 | 73,464 | 124,496 | 117,725 | 113,848 | 171,301 | 149,145 | 147,694 | 159,462 | 132,319 | 130,609 | 120,234 | 117,866 | |
| 0.2 | 0.1 | 0.2 | 0.1 | 1.1 | 1.2 | 0.9 | 0.7 | 1.7 | 2.0 | 2.5 | 1.4 | 1.7 | 1.7 | 1.6 | 2.2 | 2.0 | 1.4 | 2.3 | 2.7 | 2.3 | 2.5 | 2.8 | 2.7 | 4.4 | 3.0 | 6.3 | 2.9 | 2.7 | 2.2 | |
| 24.4% | 23.5% | 30.4% | 32.1% | 30.9% | 34.2% | 34.9% | 38.2% | 36.7% | 37.6% | 42.7% | 41.9% | 36.3% | 37.9% | 41.4% | 39.0% | 33.9% | 32.8% | 30.2% | 30.5% | 30.5% | 31.7% | 34.6% | 33.4% | 30.8% | 30.2% | 24.2% | 25.4% | 26.4% | 26.3% | |
| 0.2 | 0.2 | 0.2 | 0.1 | 0.9 | 0.8 | 0.7 | 0.5 | 0.7 | 0.6 | 0.5 | 0.6 | 0.8 | 0.7 | 0.6 | 0.6 | 0.8 | 0.8 | 0.9 | 1.1 | 1.0 | 1.2 | 1.0 | 0.9 | 1.0 | 1.1 | 1.4 | 1.3 | 1.2 | 1.2 | |
| Per Share | ||||||||||||||||||||||||||||||
| 1.77 | 2.22 | 2.23 | 2.36 | 2.27 | 2.06 | 1.69 | 2.55 | 1.77 | 1.42 | 1.89 | 1.94 | -0.44 | 2.05 | 3.35 | 0.66 | 1.25 | 3.42 | 1.23 | 2.36 | 2.10 | 4.76 | 2.85 | 1.89 | -0.72 | 2.68 | -1.12 | 1.98 | 1.52 | 3.05 | |
| 12.81 | 23.42 | 13.40 | 14.32 | 14.96 | 13.52 | 12.79 | 12.17 | 12.26 | 12.95 | 16.16 | 19.28 | 20.72 | 20.68 | 20.93 | 21.30 | 21.89 | 23.91 | 25.37 | 26.00 | 26.46 | 25.97 | 25.09 | 24.66 | 23.91 | 17.86 | 15.91 | 16.87 | 16.98 | 17.50 | |
| 4.90 | 5.72 | 6.60 | 7.73 | 8.87 | 9.69 | 9.92 | 11.49 | 12.19 | 16.19 | 29.61 | 18.70 | 16.17 | 17.14 | 18.80 | 17.74 | 15.87 | 16.90 | 17.18 | 21.73 | 19.90 | 22.78 | 27.05 | 25.07 | 22.51 | 22.17 | 12.85 | 14.23 | 14.49 | 15.40 | |
| 0.91 | 0.65 | 0.71 | 1.81 | 0.34 | 1.06 | 2.51 | 2.49 | 1.76 | 2.19 | 1.87 | 2.65 | 2.35 | 3.01 | 2.60 | 2.44 | 3.39 | 2.57 | 1.94 | 2.95 | 2.88 | 2.81 | 3.36 | 3.98 | 3.82 | 3.39 | 1.63 | 2.82 | 2.57 | 2.71 | |
Data as of: September 21, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.