AT&T (T) Financial Ratios: P/E, ROE & More

AT&T (T) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), AT&T had a P/E ratio of 8.04 (down from 15.20), return on equity of 18.8% (up from 10.2%), debt-to-equity of 1.24 (up from 1.20) and a current ratio of 0.91 (up from 0.67). A current ratio of 0.91 means current liabilities exceed current assets. Its dividend yield was 4.44% with a payout ratio of 37.3%.

AT&T Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	8.04	15.20	8.45	-	8.84	-
Forward P/E	11.47	10.25	6.84	7.20	7.81	9.09
P/S Ratio	1.40	1.34	0.98	1.09	1.31	1.43
P/B Ratio	1.37	1.36	1.00	1.23	0.95	1.14
Price/FCF	9.06	8.83	5.86	10.58	6.65	7.21
Price/OCF	4.37	4.21	3.13	4.10	4.19	4.75
PEG Ratio	4.18	15.54	10.38	23.14	3.09	6.21
Enterprise Value Ratios
EV/Revenue	2.66	2.65	2.38	2.54	2.85	2.81
EV/EBITDA	7.55	7.39	6.94	7.07	7.67	9.22
EV/EBIT	12.57	12.27	11.12	10.82	10.97	16.47
EV/FCF	17.18	17.54	14.23	24.75	14.44	14.14
Profitability & Returns
Return on Equity (ROE)	18.81%	10.23%	13.83%	-4.74%	13.10%	-0.80%
Return on Assets (ROA)	4.07%	4.12%	4.04%	3.71%	4.03%	2.83%
Return on Invested Capital (ROIC)	8.66%	7.28%	7.73%	9.07%	7.91%	4.06%
Return on Capital Employed (ROCE)	7.30%	7.60%	7.40%	8.20%	7.80%	5.30%
Leverage & Solvency Ratios
Debt/Equity	1.24	1.20	1.33	1.49	1.08	1.02
Debt/EBITDA	3.18	2.90	3.35	3.24	3.62	3.74
Debt/FCF	8.21	7.80	7.79	12.76	7.54	6.43
Liquidity Ratios
Current Ratio	0.91	0.67	0.71	0.59	1.61	0.82
Quick Ratio	0.60	0.40	0.43	0.34	0.34	0.53
Efficiency Ratios
Asset Turnover	0.31	0.30	0.30	0.25	0.25	0.27
Inventory Turnover	21.67	22.14	18.91	15.77	17.21	20.02
Yield & Distribution Ratios
Earnings Yield	12.47%	6.70%	12.00%	-6.50%	11.43%	-2.53%
FCF Yield	11.04%	11.33%	17.05%	9.45%	15.04%	13.88%
Dividend Yield	4.44%	4.88%	6.62%	6.03%	8.46%	13.15%
Payout Ratio	37.26%	74.97%	56.50%	-	75.04%	-
Buyback Yield	0.35%	0.74%	-1.28%	4.49%	-4.83%	2.60%
Total Return	4.78%	5.62%	5.33%	10.52%	3.62%	15.75%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About AT&T Financial Ratios

What is AT&T's P/E ratio?

AT&T's P/E ratio was 8.04 for fiscal 2025 (period ended Dec 31, 2025). It was 15.20 a year earlier.

What is AT&T's return on equity?

AT&T's return on equity (ROE) was 18.8% for fiscal 2025 (period ended Dec 31, 2025). It was 10.2% a year earlier.

What is AT&T's debt-to-equity ratio?

AT&T's debt-to-equity ratio was 1.24 for fiscal 2025 (period ended Dec 31, 2025). It was 1.20 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition