AT&T Inc. (T) - Company Profile - 2026-05-01

Company Overview

AT&T Inc. provides telecommunications and technology services on a global scale. The company operates through two reportable segments: Communications and Latin America. The Communications segment offers wireless voice and data services and sells devices and related accessories through company-owned stores, agents, and third-party retailers; it provides fixed broadband and fiber services, managed professional services, VPN and IP connectivity, wholesale arrangements, and customer premises equipment to enterprises, government entities, and residential customers under multiple brand names (including AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air). The Latin America segment delivers postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brands and sells smartphones through its stores and partner channels. The company, formerly SBC Communications Inc., was renamed AT&T Inc. in 2005 and is headquartered in Dallas, Texas. The workforce comprises about 132,590 employees. The company maintains a corporate website at https://www.att.com.

Business and Operations

AT&T’s business is organized into two primary segments. The Communications segment encompasses wireless and fixed-line offerings, including data and voice services, device sales, and associated networking, connectivity, and managed services for business and residential customers. It also includes wholesale, outsourcing, VPN, IP services, and customer premises equipment provisioning. In addition to legacy telephony and VoIP services, the unit markets broadband, fiber connections, and related services to residential clients, alongside business-focused solutions under its brand portfolio. The Latin America segment focuses on wireless services in Mexico (postpaid and prepaid), plus smartphone sales through its direct and partner channels. The company operates under multiple brand names and has historically leveraged a mix of company-owned stores, agents, and third-party retail presence to reach customers. AT&T traces its origins to SBC Communications, with a Dallas, Texas base of operations.

Fundamental Metrics

• Market cap: $181.56B
• Enterprise value: $347.31B
• P/E (trailing): 8.60
• P/E (forward): 10.23
• P/B: 1.66
• P/S: 1.43
• PEG: 1.82
• Profit margin: 16.94%
• Operating margin: 22.72%
• ROE: 18.37%
• ROA: 4.12%
• Debt/Equity: 125.17
• Current ratio: 0.92
• Revenue (TTM): $126.53B
• Revenue growth (YoY): 2.90%
• Earnings growth (YoY): -11.30%
• Free cash flow: $8.85B
• Dividend yield: 425.00%
• Payout ratio: 36.51%
• Beta: 0.54

Share Structure and Ownership

• Shares outstanding: 6,948,338,835.00
• Float: 6,933,677,840.00
• Insider held: 0.09%
• Institutional held: 68.44%
• Short ratio (days to cover): 2.76
• Short % of float: 1.70%

Top institutional holders:

• Vanguard Group Inc: 9.56% of shares
• Blackrock Inc.: 8.20% of shares
• State Street Corporation: 4.78% of shares
• Newport Trust Company, LLC: 2.64% of shares
• Geode Capital Management, LLC: 2.46% of shares

Trading Activity

• Last close: $26.13 (2026-04-30)
• 30-day avg volume: 41,861,443
• 90-day avg volume: 42,582,385
• Short ratio: 2.76 days
• Short % of float: 1.70%
• 52-week high: $29.79
• 52-week low: $22.95
• Drawdown from 52W high: -12.29%

Recent Price Action

• 1-month change: -9.87%
• 3-month change: +13.61%
• Year-to-date (YTD) change: +6.39%
• 1-year change: -5.46%

Strengths

• Diversified business model across wireless, broadband, and enterprise services through the Communications segment, plus a regional footprint in Mexico via the Latin America segment.
• Substantial operating margin (22.72%) and solid profit margin (16.94%) with returns on equity (ROE) of 18.37%.
• Free cash flow generation: $8.85B.
• Dividend yield reported as 425.00%, with a payout ratio of 36.51%.
• Large institutional ownership (68.44%) and a broad base of top institutional holders.
• Moderate beta (0.54), indicating potentially lower sensitivity to overall market movements relative to the broader market.
• Valuation metrics include P/E trailing 8.60 and P/E forward 10.23, with a P/S of 1.43 and P/B of 1.66.

Considerations

• Earnings growth year over year declined by 11.30%, indicating pressure on profitability in the latest period.
• Revenue growth year over year is modest at 2.90%.
• Debt/Equity is high at 125.17, reflecting a substantial leverage position.
• Current ratio is 0.92, suggesting limited short-term liquidity cushion.
• 52-week drawdown from the high is 12.29%, with a 52-week trading range between $22.95 and $29.79.
• Price performance over the past month has been negative (-9.87%), while a longer horizon shows mixed results (3-month gain of 13.61% and YTD gain of 6.39%).
• Dividend yield level appears unusually high relative to typical industry norms; must be interpreted in the context of financial metrics and market pricing.

Summary

AT&T Inc. operates through two main segments, Communications and Latin America, delivering a mix of wireless, broadband, and enterprise services with a broad brand portfolio. The company reports substantial cash flow and margins, supported by a large institutional ownership base, but faces earnings weakness year over year, moderate revenue growth, and high leverage with a current liquidity position just under full coverage. Recent price action shows volatility within a 52-week range, with mixed performance across different time frames.