Last 48 quarters of trend data · Communication Services · Telecommunications Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
AT&T Inc.'s quarterly P/E stands at 11.9x, up 17.5% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 8.9% YoY to 7.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.21 | 11.94 | 5.47 | 11.67 | 11.59 | 10.17 | — | 9.75 | 9.36 | 13.98 | 7.82 | 6.54 | 8.44 |
| — | +17.5% | — | +19.7% | +23.8% | -27.3% | — | +49.2% | +10.9% | — | +63.2% | -30.1% | +23.0% | |
| P/S Ratio | 1.56 | 1.33 | 1.65 | 1.69 | 1.67 | 1.27 | 1.31 | 1.15 | 1.05 | 0.94 | 0.89 | 0.96 | 1.19 |
| — | +4.9% | +25.6% | +46.7% | +58.2% | +34.8% | +47.6% | +20.6% | -11.7% | -14.8% | -8.9% | -28.9% | +5.2% | |
| P/B Ratio | 1.59 | 1.41 | 1.57 | 1.69 | 1.68 | 1.36 | 1.34 | 1.13 | 1.05 | 1.01 | 0.90 | 0.97 | 1.33 |
| — | +3.3% | +17.3% | +49.4% | +59.7% | +35.1% | +48.9% | +16.9% | -20.9% | -22.4% | +7.5% | -17.7% | +83.8% | |
| P/FCF | 10.08 | 9.82 | 9.61 | 10.73 | 10.70 | 8.12 | 8.04 | 7.27 | 8.35 | 4.45 | 4.74 | 5.07 | 15.35 |
| — | +21.0% | +19.6% | +47.7% | +28.1% | +82.4% | +69.5% | +43.4% | -45.6% | -21.9% | -32.9% | -87.3% | — | |
| EV / EBITDA | 7.39 | 7.66 | 7.45 | 7.38 | 7.40 | 7.03 | 6.48 | 6.21 | 6.16 | 6.31 | 5.73 | 6.01 | 6.98 |
| — | +8.9% | +14.9% | +18.9% | +20.1% | +11.5% | +13.1% | +3.3% | -11.8% | -9.9% | -8.3% | -21.0% | -13.5% | |
| EV / EBIT | 13.77 | 12.93 | 6.89 | 11.22 | 11.21 | 10.83 | 24.46 | 10.41 | 10.43 | 14.42 | 9.64 | 8.59 | 9.94 |
| — | +19.4% | -71.8% | +7.8% | +7.5% | -24.9% | +153.6% | +21.2% | +5.0% | — | +24.9% | -14.4% | +0.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
AT&T Inc.'s operating margin was 15.4% in Q4 2025, down 4.5 pp QoQ and down 1.1 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 19.3% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 353.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.8% | 178.7% | 44.2% | 43.6% | 43.8% | 39.4% | 44.7% | 44.6% | 43.4% | 41.7% | 44.8% | 44.8% | 43.7% |
| — | +353.4% | -1.1% | -2.2% | +0.9% | -5.4% | -0.2% | -0.6% | -0.8% | -0.9% | +0.9% | +3.4% | +3.8% | |
| Operating Margin | 19.2% | 15.4% | 19.9% | 21.2% | 20.7% | 16.6% | 21.8% | 21.1% | 20.1% | 18.4% | 21.3% | 21.4% | 19.9% |
| — | -6.9% | -8.5% | +0.5% | +2.8% | -9.9% | +2.2% | -1.4% | +1.0% | +0.3% | +3.7% | +10.3% | +5.1% | |
| Net Margin | 17.4% | 11.1% | 30.3% | 14.6% | 14.2% | 12.6% | -0.6% | 12.1% | 11.5% | 6.8% | 11.5% | 15.0% | 14.0% |
| — | -11.9% | +5366.5% | +20.8% | +23.8% | +84.9% | -105.0% | -19.5% | -18.2% | +109.1% | -42.6% | +7.0% | -13.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.7% | 2.9% | 7.4% | 3.7% | 3.6% | 3.4% | -0.1% | 3.0% | 2.9% | 1.8% | 2.9% | 4.0% | 3.9% |
| — | -14.7% | +5185.1% | +23.4% | +25.2% | +87.1% | -104.9% | -25.0% | -27.1% | +109.6% | -32.9% | +53.5% | +51.6% | |
| ROA | 5.4% | 0.9% | 2.2% | 1.1% | 1.1% | 1.0% | -0.0% | 0.9% | 0.9% | 0.5% | 0.9% | 1.1% | 1.1% |
| — | -14.7% | +5208.6% | +24.3% | +28.6% | +92.4% | -105.1% | -18.7% | -18.8% | +109.5% | -39.3% | +33.9% | +23.5% | |
| ROIC | 7.0% | 1.5% | 1.7% | 1.9% | 1.8% | 1.5% | 1.9% | 1.8% | 1.7% | 1.6% | 1.8% | 1.8% | 1.7% |
| — | -5.4% | -7.3% | +6.4% | +8.6% | -6.4% | +3.7% | -2.1% | -2.4% | +4.8% | +12.2% | +39.1% | +51.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
AT&T Inc.'s Debt/EBITDA ratio is 15.1x, up from 13.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 36.3% YoY to 0.91x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.23 | 1.23 | 1.23 | 1.22 | 1.18 | 1.17 | 1.24 | 1.22 | 1.24 | 1.30 | 1.30 | 1.37 | 1.44 |
| — | +4.6% | -0.5% | -0.1% | -5.3% | -9.6% | -4.8% | -11.0% | -13.5% | -10.7% | +19.3% | +19.2% | +17.0% | |
| Debt / EBITDA | 3.44 | 15.07 | 13.86 | 12.72 | 12.46 | 13.14 | 12.55 | 13.00 | 13.53 | 14.54 | 13.94 | 14.58 | 14.66 |
| — | +14.7% | +10.5% | -2.2% | -7.9% | -9.6% | -10.0% | -10.8% | -7.7% | -2.8% | -2.3% | -4.2% | -35.5% | |
| Current Ratio | 0.91 | 0.91 | 1.01 | 0.81 | 0.70 | 0.66 | 0.73 | 0.70 | 0.68 | 0.71 | 0.69 | 0.68 | 0.51 |
| — | +36.3% | +38.2% | +15.0% | +3.6% | -6.7% | +6.3% | +4.0% | +32.1% | +21.0% | +11.5% | -3.4% | -44.8% | |
| Quick Ratio | 0.86 | 0.86 | 0.96 | 0.76 | 0.65 | 0.62 | 0.67 | 0.66 | 0.63 | 0.67 | 0.64 | 0.63 | 0.47 |
| — | +39.7% | +43.1% | +15.1% | +2.9% | -8.1% | +4.7% | +4.3% | +35.5% | +25.6% | +18.0% | -0.2% | -47.8% | |
| Interest Coverage | 3.55 | 2.82 | 3.60 | 3.93 | 3.93 | 3.23 | 3.96 | 3.74 | 3.60 | 3.41 | 3.90 | 4.02 | 3.52 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonAT&T Inc.'s current P/E is 9.2x. The average P/E over the last 4 quarters is 10.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
AT&T Inc.'s current operating margin is 19.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking AT&T Inc.'s business trajectory between earnings reports.