Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

AT&T Inc., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income (loss) attributable to AT&T1 ÷ Operating revenues1
Dec 31, 2024 = 100 × ÷
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Dec 31, 2020 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The analysis of financial data over the two decades reveals a fluctuating but generally positive trend in operating revenues, net income, and profit margins.

Operating Revenues
Operating revenues demonstrated consistent growth from 2005 reaching a peak in 2016 at approximately 163.8 billion US dollars. After 2016, revenues remained fairly stable, with minor fluctuations, ranging between approximately 120 billion and 170 billion US dollars. The decline observed after 2016 could indicate market saturation or changes in business scope.
Net Income
Net income showed significant variability across the years. From 2005 to 2010, net income generally increased, peaking around 19.9 billion US dollars in 2010. However, a sharp decrease occurred in 2011, dropping to just under 4 billion US dollars, followed by a recovery in subsequent years, with notable peaks in 2017 and 2018 surpassing 29 billion and 19 billion US dollars respectively. The year 2020 experienced a negative net income of approximately -5.2 billion US dollars, indicating a substantial loss likely due to extraordinary circumstances. Recovery resumed in 2021, though with substantial variability into 2023 and 2024.
Net Profit Margin
Net profit margin exhibited a high degree of fluctuation over the period. From 2005 to 2010, margins were mostly above 10%, with a peak at about 16% in 2010. Margins dropped significantly in 2011 to just above 3%, then improved gradually until 2017, reaching a peak of approximately 18%. This was followed by years of variability, including negative margins in 2020 and 2022, reflecting periods of net losses seen in those years. In recent years, margins recovered to positive figures but remained below the historic highs.

Overall, the data suggest a company experiencing periods of growth and profitability interspersed with considerable volatility. Peaks in profitability and revenue were often succeeded by sharp declines, indicating possible external impacts or internal restructuring events. The negative income years highlight the presence of significant challenges during those periods, with continued efforts to regain profitability evident in the recovery years.

Comparison to Competitors

AT&T Inc., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
AT&T Inc. T-Mobile US Inc. Verizon Communications Inc.
Dec 31, 2024
Dec 31, 2023
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Dec 31, 2020
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Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Telecommunication Services)

AT&T Inc., net profit margin, long-term trends, comparison to sector (telecommunication services)

Microsoft Excel
AT&T Inc. Telecommunication Services
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2010
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Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Communication Services)

AT&T Inc., net profit margin, long-term trends, comparison to industry (communication services)

Microsoft Excel
AT&T Inc. Communication Services
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
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Dec 31, 2018
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Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).