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T · NYSE

AT&T

Telecom Services · United States

USD 25.400.0% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$174.05B
Trailing P/E
8.38x
Forward P/E
9.91x
Quarterly revenue growth
2.3%
Trailing net margin
16.9%
Indicated dividend yield
4.4%

Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-21 (provider estimate, not issuer-confirmed).

Company background

AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.

Company website

Q2 2026

Go beyond the headline.

AT&T Stock (T): 11% Cash-Flow Yield, $126B Debt, a Strong Q2 — Cheap Buy or Value Trap?

Published 2026-07-22

Comparable businesses

T peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricTAT&T Inc.Snapshot 2026-09-20Financial period: 2026-06-30TMUST-Mobile US, Inc.Snapshot 2026-09-20Financial period: 2026-06-30VZVerizon Communications Inc.Snapshot 2026-09-20Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$174.05BUS$180.40BUS$199.80BUS$190.10Bn=2
Forward P/EProvider forward earnings estimate9.91x11.65x9.11x10.38xn=2
EV / EBITDAEnterprise value / trailing EBITDA7.57x8.67x7.69x8.18xn=2
Revenue growthLatest quarter vs prior-year quarter2.3%7.9%-0.7%3.6%n=2
Operating marginLatest reported quarter24.8%25.2%23.0%24.1%n=2
Free cash flow yieldTrailing cash flow / market cap5.8%6.3%8.7%7.5%n=2
Net debt / EBITDANet debt / trailing EBITDA3.30x3.42x3.76x3.59xn=2
Debt / equityTotal debt / positive book equity1.29x2.14x1.84x1.99xn=2
Trailing P/ETrailing twelve-month earnings8.38x17.61x12.52x15.07xn=2
Price / bookPrice / positive book equity per share1.58x3.21x1.92x2.57xn=2
EV / salesEnterprise value / trailing revenue2.67x3.23x2.83x3.03xn=2
Earnings growthLatest quarter vs prior-year quarter6.2%5.3%-22.0%-8.3%n=2
Gross marginTrailing twelve months59.7%63.1%59.5%61.3%n=2
Net marginTrailing twelve months16.9%11.5%11.6%11.5%n=2
Return on equityProvider trailing return; positive equity only18.3%18.0%15.8%16.9%n=2
Free cash flow marginTrailing free cash flow / revenue8.0%12.3%12.6%12.4%n=2
Dividend yieldIndicated annual dividend / price4.4%2.4%5.9%4.2%n=2
Earnings payoutProvider trailing dividend payout36.6%41.2%72.8%57.0%n=2
Current ratioCurrent assets / current liabilities0.97x0.92x0.60x0.76xn=2
BetaProvider historical market sensitivity0.430.330.240.29n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for T

All available reporting periods
Q2 20262026-07-22
Q4 20252026-04-13
Q1 2026

T Q1 2026 earnings analysis · No verified episode link yet.

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.