AT&T (T): analysis in plain words
Is AT&T cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
AT&T (T) is listed on the NYSE and we classify it in telecommunications. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against AT&T according to those figures, and the questions people ask most about the stock. No buy or sell tips.
AT&T (T) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $21.83 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 11.7x | Price over earnings per share |
| Revenue growth | +5.3% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 10.2% | Profit for every 100 of sales |
| Net debt / EBITDA | 3.7x | Years of operating profit to repay debt |
| Dividend yield | 5.19% | Annual dividend over price |
| Market cap | $147.1 billion | What the stock market values it at |
The AT&T figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any T figure that is not available shows as N/A: we do not estimate it.
How AT&T makes money
AT&T is a U.S. telecom operator. Communications is its main segment, where Mobility, its wireless business, generates most of the revenue, alongside AT&T Fiber home internet and wireline services for businesses. It also runs a wireless business in Mexico, reported as Latin America.
Over the last 12 months, AT&T brought in revenue of $128.9 billion. For every 100 it sells, AT&T keeps 59.7 after the direct cost of what it sells (gross margin) and 24.7 after all operating costs (operating margin).
AT&T against its sector
To know whether a AT&T figure is high or low you have to put it next to similar companies. This table compares AT&T with the median of the 6 telecommunications companies Fintols covers, with data as of November 4, 2026.
| Figure | AT&T | telecommunications median |
|---|---|---|
| P/E | 11.7x | 11.7x (6) |
| Revenue growth | +5.3% | +4.4% (7) |
| Net margin | 10.2% | 9.1% (8) |
| Dividend yield | 5.19% | 4.19% (8) |
| Net debt / EBITDA | 3.7x | 3.7x (8) |
In short, against the typical telecommunications company, AT&T grows faster and pays a higher dividend yield. By size, AT&T ranks number 3 of 5 telecommunications companies quoted in USD on Fintols.
The bull case for AT&T
What works in favour of AT&T, according to its figures as of November 4, 2026:
- For income seekers, AT&T pays a dividend yielding 5.19% at today's price, using 59% of its profit to fund it.
- AT&T generates real cash: $12.0 billion of free cash flow over 12 months, 8.1% of its stock market value.
The main risk for AT&T
Debt is heavy: AT&T carries net debt equal to 3.7x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
And, like the rest of telecommunications, AT&T is exposed to price wars between operators and the heavy spending its networks need every year.
Frequently asked questions about AT&T
Is it a good time to buy AT&T stock?
Fintols does not tell you whether to buy or sell AT&T, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, AT&T stock trades at $21.83, 26% below its 52-week high ($29.44) and 10% above its low ($19.89). Its P/E is 11.7x against a telecommunications median of 11.7x, and 8.4x on the earnings analysts expect over the next 12 months. With AT&T, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does AT&T pay a dividend?
Yes. As of November 4, 2026, AT&T pays $1.11 per share a year, which at today's price is a yield of 5.19%. It uses 59% of its profit to pay it, which leaves room to keep paying it if profit dips.
Is AT&T stock expensive?
It depends on what you compare it with. On P/E, AT&T trades at 11.7x its last 12 months of earnings: in line with the telecommunications median (11.7x). A high P/E alone does not make AT&T expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are AT&T's competitors?
On Fintols we compare AT&T with Comcast, T-Mobile and Verizon, which are also in telecommunications. As of November 4, 2026, Comcast is worth $88.2 billion and trades on a P/E of 7.9; T-Mobile is worth $168.6 billion and trades on a P/E of 15.3; Verizon is worth $191.4 billion and trades on a P/E of 11.8. Each has a side-by-side comparison with AT&T below.
AT&T competitors
- Comcast (CMCSA) analysis · AT&T vs Comcast comparison
- T-Mobile (TMUS) analysis · AT&T vs T-Mobile comparison
- Verizon (VZ) analysis · AT&T vs Verizon comparison
To understand AT&T better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like AT&T: telecommunications stocks, S&P 500 companies and S&P 100 companies. Open the full T analysis with its valuation and scenarios. Educational content about AT&T, not investment advice.