AT&T (T) Stock Analysis

July 23, 2026

This is a peer-relative look at AT&T (T): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Telecommunication Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for AT&T (T)
Profile Item	T
Name	AT&T Inc.
Country/Region	United States
GICS Sector	Communication Services
GICS Industry Group	Telecommunication Services
GICS Industry	Diversified Telecommunication Services
GICS Sub-Industry	Integrated Telecommunication Services
Market Capitalization	154.67 billion USD
Currency	USD
Exchange	NYSE
Listing Date	November 21, 1983
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

AT&T (T) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AT&T (T) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for AT&T (T) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Total Return (1Y)	-14.87%	11.77%
Total Return (3Y, Annualized)	20.89%	13.32%
Total Return (5Y, Annualized)	7.39%	1.74%

Risk Profile

Drawdown History

GSPC

AT&T (T) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for AT&T (T) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Volatility (1Y, Annualized)	23.70%	39.61%
Beta (5Y)	0.22	0.67
Max Drawdown (5Y)	-32.01%	-59.43%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. T is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Sharpe Ratio (1Y)	-0.80	0.25
Sortino Ratio (1Y)	-1.09	0.40

Profitability

ROE (TTM)

AT&T (T) posts ROE of 18.37%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

T

Telecommunication Services industry group

18.37%

Group distribution

Max: 43.27%
T: 18.37%
Q3: 18.03%
Median: 7.35%
Q1: -7.60%
Min: -37.75%

Largest peers

AMX: 21.13%
T: 18.37%
TMUS: 18.03%
VZ: 17.20%
CHT: 9.99%
VOD: 0.11%
SPCX: --

Where AT&T (T) stands on ROE within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

AT&T (T) keeps 16.94% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

T

Telecommunication Services industry group

16.94%

Group distribution

Max: 41.74%
T: 16.94%
Q3: 12.36%
Median: 5.02%
Q1: -11.20%
Min: -45.00%

Largest peers

T: 16.94%
CHT: 16.24%
VZ: 12.46%
TMUS: 11.65%
AMX: 9.23%
VOD: -0.98%
SPCX: -45.00%

Where AT&T (T) stands on net margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

AT&T (T) turns 22.72% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

T

Telecommunication Services industry group

22.72%

Group distribution

Max: 35.60%
T: 22.72%
Q3: 21.32%
Median: 12.69%
Q1: 4.41%
Min: -8.71%

Largest peers

VZ: 25.19%
TMUS: 24.01%
T: 22.72%
CHT: 21.84%
AMX: 21.33%
VOD: 7.78%
SPCX: -41.63%

Where AT&T (T) stands on operating margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
ROE (TTM)	18.37%	7.35%
ROA (TTM)	4.12%	2.94%
Net Margin (TTM)	16.94%	5.02%
Operating Margin (TTM)	22.72%	12.69%
Gross Margin (TTM)	59.41%	56.37%

Growth

Revenue Growth

AT&T (T) grew revenue 2.71%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

AT&T (T): Revenue Growth across different time periods, set against Telecommunication Services industry-group medians.

EPS Growth

AT&T (T) grew earnings per share 104.03%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

AT&T (T): EPS Growth across different time periods, set against Telecommunication Services industry-group medians.

Growth Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Revenue Growth (YoY)	2.71%	4.62%
Revenue Growth (3Y CAGR)	1.34%	3.53%
EPS Growth (YoY)	104.03%	-0.66%
EPS Growth (3Y CAGR)	--	16.88%

Financial Strength

Current Ratio (MRQ)

AT&T (T) has current ratio of 0.92, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

T

Telecommunication Services industry group

0.92

Group distribution

Max: 2.39
Q3: 1.66
Median: 1.11
T: 0.92
Q1: 0.92
Min: 0.25

Largest peers

CHT: 1.64
SPCX: 1.22
VOD: 1.14
TMUS: 1.09
T: 0.92
AMX: 0.72
VZ: 0.64

Where AT&T (T) stands on current ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

AT&T (T) has debt-to-equity ratio of 1.27, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

T

Telecommunication Services industry group

1.27

Group distribution

Max: 3.82
Q3: 2.05
T: 1.27
Median: 1.00
Q1: 0.66
Min: 0.00

Largest peers

TMUS: 2.19
VZ: 1.92
AMX: 1.71
T: 1.27
VOD: 1.00
SPCX: 0.74
CHT: 0.10

Where AT&T (T) stands on debt-to-equity ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Current Ratio (MRQ)	0.92	1.11
Debt / Equity (MRQ)	1.27	1.00
Net Debt / EBITDA	3.39	3.80

Dividends

Dividend Yield (TTM)

AT&T (T) has dividend yield of 5.06%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

T

Telecommunication Services industry group

5.06%

Group distribution

Max: 12.21%
Q3: 5.29%
T: 5.06%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CHT: 12.21%
VZ: 6.36%
T: 5.06%
AMX: 2.07%
TMUS: 2.01%
VOD: 0.30%
SPCX: 0.00%

Where AT&T (T) stands on dividend yield within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

AT&T (T) has payout ratio of 37.37%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

T

Telecommunication Services industry group

37.37%

Group distribution

Max: 128.57%
Q3: 60.13%
T: 37.37%
Median: 7.71%
Q1: 0.00%
Min: 0.00%

Largest peers

VOD: 101.44%
CHT: 96.91%
VZ: 67.44%
TMUS: 40.38%
T: 37.37%
AMX: 36.06%
SPCX: 0.00%

Where AT&T (T) stands on payout ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
Dividend Yield (TTM)	5.06%	0.00%
Dividend Payout Ratio (TTM)	37.37%	7.71%

Valuation

P/E Ratio (TTM)

AT&T (T) trades at P/E ratio of 7.40, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

T

Telecommunication Services industry group

7.40

Group distribution

Max: 36.00
Q3: 20.99
Median: 15.81
Q1: 8.69
T: 7.40
Min: 2.46

Largest peers

CHT: 27.23
TMUS: 20.78
AMX: 15.81
VZ: 10.60
T: 7.40
SPCX: --
VOD: --

Where AT&T (T) stands on P/E ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

AT&T (T) trades at 1.22 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

T

Telecommunication Services industry group

1.22

Group distribution

Max: 5.15
Q3: 2.35
T: 1.22
Median: 0.84
Q1: 0.39
Min: 0.00

Largest peers

SPCX: 84.32
TMUS: 2.28
VZ: 1.31
T: 1.22
VOD: 0.87
CHT: 0.14
AMX: 0.08

Where AT&T (T) stands on P/S ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

AT&T (T) trades at 1.41 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

T

Telecommunication Services industry group

1.41

Group distribution

Max: 8.41
Q3: 4.02
Median: 1.60
T: 1.41
Q1: 0.71
Min: 0.01

Largest peers

SPCX: 20.74
CHT: 10.89
AMX: 3.72
TMUS: 3.71
VZ: 1.77
T: 1.41
VOD: 1.21

Where AT&T (T) stands on P/B ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

AT&T (T) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: T	Industry group median
P/E Ratio (TTM)	7.40	15.81
P/S Ratio (TTM)	1.22	0.84
P/B Ratio (MRQ)	1.41	1.60
Free Cash Flow Yield (TTM)	5.72%	10.73%