Last 48 quarters of trend data · Communication Services · Telecommunications Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 7.48 | 50.83 | 7.84 | 13.42 | 11.94 | 5.47 | 11.67 | 11.59 | 10.17 | — | 9.75 | 9.36 | 13.98 | 7.82 | 6.54 | 8.44 | — | 4.79 | 9.36 | 6.86 | 6.73 |
| — | +828.8% | -32.8% | +15.8% | +17.5% | — | +19.7% | +23.8% | -27.3% | — | +49.2% | +10.9% | — | +63.2% | -30.1% | +23.0% | — | -24.8% | -62.1% | +22.5% | — | |
| P/S Ratio | 1.24 | 1.29 | 1.14 | 1.62 | 1.33 | 1.65 | 1.69 | 1.67 | 1.27 | 1.31 | 1.15 | 1.05 | 0.94 | 0.89 | 0.96 | 1.19 | 1.11 | 0.98 | 1.35 | 1.13 | 1.08 |
| — | -21.6% | -32.7% | -3.1% | +4.9% | +25.6% | +46.7% | +58.2% | +34.8% | +47.6% | +20.6% | -11.7% | -14.8% | -8.9% | -28.9% | +5.2% | +2.8% | -20.1% | +18.3% | +16.6% | +26.2% | |
| P/B Ratio | 1.27 | 1.34 | 1.14 | 1.60 | 1.39 | 1.57 | 1.69 | 1.68 | 1.36 | 1.34 | 1.13 | 1.05 | 1.01 | 0.90 | 0.97 | 1.33 | 1.30 | 0.84 | 1.18 | 0.72 | 0.73 |
| — | -14.9% | -32.8% | -4.8% | +1.7% | +17.3% | +49.4% | +59.7% | +35.1% | +48.9% | +16.9% | -20.9% | -22.4% | +7.5% | -17.7% | +83.8% | +79.0% | -0.7% | +30.4% | -22.6% | -16.3% | |
| P/FCF | 8.01 | 1.78 | 6.95 | — | 9.82 | 9.61 | 10.73 | 10.70 | 8.12 | 8.04 | 7.27 | 8.35 | 4.45 | 4.74 | 5.07 | 15.35 | 5.70 | 7.07 | 39.92 | — | 4.51 |
| — | -81.5% | -35.2% | — | +21.0% | +19.6% | +47.7% | +28.1% | +82.4% | +69.5% | +43.4% | -45.6% | -21.9% | -32.9% | -87.3% | — | +26.5% | -4.7% | +582.8% | — | -11.0% | |
| EV / EBITDA | 6.79 | 9.21 | 6.02 | 7.65 | 7.42 | 7.45 | 7.41 | 7.79 | 7.03 | 6.48 | 6.21 | 6.16 | 6.31 | 5.73 | 6.01 | 6.98 | 7.00 | 6.25 | 7.61 | 8.07 | 8.18 |
| — | +23.7% | -18.8% | -1.7% | +5.5% | +14.9% | +19.4% | +26.5% | +11.5% | +13.1% | +3.3% | -11.8% | -9.9% | -8.3% | -21.0% | -13.5% | -14.4% | -19.3% | +3.6% | +20.4% | +26.8% | |
| EV / EBIT | 12.46 | — | 9.38 | 12.34 | 13.79 | 6.89 | 11.24 | 11.14 | 10.83 | 24.46 | 10.41 | 10.43 | 14.42 | 9.64 | 8.59 | 9.94 | — | 7.72 | 10.03 | 9.92 | 10.09 |
| — | — | -16.5% | +10.7% | +27.4% | -71.8% | +7.9% | +6.8% | -24.9% | +153.6% | +21.2% | +5.0% | — | +24.9% | -14.4% | +0.2% | — | -26.8% | -0.0% | +30.7% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.6% | 80.4% | 61.8% | 60.1% | 55.7% | 61.5% | 60.6% | 60.7% | 39.4% | 44.7% | 44.6% | 43.4% | 41.7% | 44.8% | 44.8% | 43.7% | 42.0% | 44.4% | 43.4% | 42.1% | 39.8% |
| — | +30.7% | +2.0% | -1.0% | +41.4% | +37.7% | +36.0% | +39.9% | -5.4% | -0.2% | -0.6% | -0.8% | -0.9% | +0.9% | +3.4% | +3.8% | +5.7% | +3.4% | +2.3% | +8.6% | +15.0% | |
| Operating Margin | 19.9% | 12.7% | 22.3% | 21.1% | 18.3% | 19.9% | 21.1% | 18.8% | 16.6% | 21.8% | 21.1% | 20.1% | 18.4% | 21.3% | 21.4% | 19.9% | 18.3% | 20.6% | 19.4% | 19.0% | 16.0% |
| — | -36.4% | +5.8% | +12.5% | +10.5% | -8.5% | -0.2% | -6.6% | -9.9% | +2.2% | -1.4% | +1.0% | +0.3% | +3.7% | +10.3% | +5.1% | +14.3% | +1.9% | -8.0% | +8.5% | +30.0% | |
| Net Margin | 17.4% | 2.6% | 14.7% | 12.2% | 11.1% | 30.3% | 14.6% | 14.2% | 12.6% | -0.6% | 12.1% | 11.5% | 6.8% | 11.5% | 15.0% | 14.0% | -75.0% | 20.1% | 14.0% | 16.2% | 16.2% |
| — | -91.3% | +0.5% | -14.5% | -11.9% | +5366.5% | +20.8% | +23.8% | +84.9% | -105.0% | -19.5% | -18.2% | +109.1% | -42.6% | +7.0% | -13.3% | -562.6% | +6.2% | +219.2% | -5.8% | +153.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.6% | 0.7% | 3.6% | 3.0% | 2.9% | 7.4% | 3.7% | 3.6% | 3.4% | -0.1% | 3.0% | 2.9% | 1.8% | 2.9% | 4.0% | 3.9% | -19.1% | 4.4% | 2.6% | 2.6% | 2.8% |
| — | -90.8% | -0.8% | -16.8% | -15.4% | +5185.1% | +23.4% | +25.2% | +87.1% | -104.9% | -25.0% | -27.1% | +109.6% | -32.9% | +53.5% | +51.6% | -791.0% | +33.6% | +198.6% | -37.7% | +137.2% | |
| ROA | 5.4% | 0.2% | 1.1% | 0.9% | 0.9% | 2.2% | 1.1% | 1.1% | 1.0% | -0.0% | 0.9% | 0.9% | 0.5% | 0.9% | 1.1% | 1.1% | -5.7% | 1.4% | 0.8% | 0.9% | 0.9% |
| — | -91.3% | -2.8% | -17.1% | -14.7% | +5208.6% | +24.3% | +28.6% | +92.4% | -105.1% | -18.7% | -18.8% | +109.5% | -39.3% | +33.9% | +23.5% | -717.8% | +30.3% | +188.0% | -39.5% | +135.2% | |
| ROIC | 6.9% | 1.1% | 1.9% | 1.8% | 1.7% | 1.7% | 1.9% | 1.7% | 1.5% | 1.9% | 1.8% | 1.7% | 1.6% | 1.8% | 1.8% | 1.7% | 1.6% | 1.6% | 1.3% | 1.1% | 1.0% |
| — | -37.1% | +2.4% | +5.9% | +7.9% | -7.3% | +5.6% | -1.4% | -6.4% | +3.7% | -2.1% | -2.4% | +4.8% | +12.2% | +39.1% | +51.6% | +52.1% | +24.0% | -14.7% | -28.1% | -12.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.35 | 1.43 | 1.29 | 1.29 | 1.35 | 1.23 | 1.22 | 1.18 | 1.17 | 1.24 | 1.22 | 1.24 | 1.30 | 1.30 | 1.37 | 1.44 | 1.45 | 1.09 | 1.15 | 1.23 | 1.07 |
| — | +16.0% | +5.9% | +9.1% | +15.5% | -0.5% | -0.1% | -5.3% | -9.6% | -4.8% | -11.0% | -13.5% | -10.7% | +19.3% | +19.2% | +17.0% | +36.4% | -2.3% | +2.5% | +11.5% | +6.3% | |
| Debt / EBITDA | 3.79 | 19.63 | 13.57 | 14.12 | 15.47 | 13.86 | 12.77 | 13.12 | 13.14 | 12.55 | 13.00 | 13.53 | 14.54 | 13.94 | 14.58 | 14.66 | 14.96 | 14.27 | 15.22 | 22.74 | 20.65 |
| — | +41.7% | +6.3% | +7.6% | +17.7% | +10.5% | -1.8% | -3.0% | -9.6% | -10.0% | -10.8% | -7.7% | -2.8% | -2.3% | -4.2% | -35.5% | -27.5% | -23.9% | -9.5% | +51.8% | +45.0% | |
| Current Ratio | 0.91 | 0.87 | 0.97 | 0.92 | 0.91 | 1.01 | 0.81 | 0.70 | 0.66 | 0.73 | 0.70 | 0.68 | 0.71 | 0.69 | 0.68 | 0.51 | 0.59 | 0.62 | 0.70 | 0.93 | 1.61 |
| — | -14.3% | +20.0% | +30.4% | +36.3% | +38.2% | +15.0% | +3.6% | -6.7% | +6.3% | +4.0% | +32.1% | +21.0% | +11.5% | -3.4% | -44.8% | -63.3% | -11.9% | -8.4% | +13.7% | +96.1% | |
| Quick Ratio | 0.86 | 0.82 | 0.93 | 0.87 | 0.86 | 0.96 | 0.76 | 0.65 | 0.62 | 0.67 | 0.66 | 0.63 | 0.67 | 0.64 | 0.63 | 0.47 | 0.53 | 0.54 | 0.64 | 0.89 | 1.58 |
| — | -14.5% | +21.8% | +33.8% | +39.7% | +43.1% | +15.1% | +2.9% | -8.1% | +4.7% | +4.3% | +35.5% | +25.6% | +18.0% | -0.2% | -47.8% | -66.1% | -18.2% | -13.1% | +15.2% | +107.0% | |
| Interest Coverage | 4.97 | 2.07 | 4.09 | 3.98 | 3.31 | 7.27 | 4.65 | 4.75 | 4.20 | 1.86 | 4.02 | 3.90 | 2.70 | 4.00 | 4.87 | 4.38 | -13.13 | 6.16 | 5.21 | 5.06 | 5.01 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying T stock.
AT&T Inc.'s current P/E is 7.5x. The average P/E over the last 4 quarters is 21.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
AT&T Inc.'s current operating margin is 19.9%. 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.