Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Operating revenues1
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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).

1 US$ in millions

Operating Income (Loss)
The operating income exhibits significant fluctuations over the analyzed period. From 2005 to 2009, there is a notable upward trend, reaching a peak of 23,063 million USD in 2008, followed by a slight decline but remaining above 19,500 million USD until 2010. A sharp decrease is observed in 2011 when operating income drops to 9,218 million USD, followed by a rebound and a strong peak at 30,479 million USD in 2013. Subsequently, the figures oscillate, with a notable dip to 6,405 million USD in 2020 and a negative value of -4,587 million USD in 2022, indicating a loss. The latest years show recovery with operating income rising back above 19,000 million USD in 2023 and 2024.
Operating Revenues
Operating revenues generally show an increasing trend from 43,862 million USD in 2005 to a peak of 181,193 million USD in 2019. The growth is steady and consistent throughout most of the period, reflecting expansion in business operations or market presence. However, from 2019 onward, revenues decline notably, falling to 120,741 million USD in 2022 and remaining relatively flat around 122,000 million USD in the two subsequent years, suggesting possible challenges in revenue generation or market contraction in recent periods.
Operating Profit Margin
The operating profit margin demonstrates considerable variability. Starting at 14.06% in 2005, it increases to a peak of 18.59% in 2008 before experiencing a marked decline to 7.27% in 2011. Thereafter, the margin improves again, reaching an impressive 23.67% in 2013. The following years show moderate fluctuations between approximately 13% and 16%, with a sharp decline to 3.73% in 2020 and a negative margin of -3.8% in 2022. The margin recovers substantially by 2023 and 2024, recorded at 19.16% and 15.57% respectively, indicating improved profitability relative to revenues despite prior volatility.
Summary of Trends and Insights
The data reveals periods of strong growth in both operating income and revenues up to around 2013 and 2019 respectively, with operating profits generally following similar trends but with some years of pronounced volatility. The sharp decline in operating income and margin around 2020 to 2022 suggests significant operational or market-related difficulties, possibly external shocks or structural challenges. The revenue drop after 2019 and stagnation thereafter is a critical area of concern, reflecting possible competitive pressures or market loss. Despite these challenges, the recovery in profitability metrics toward the last two years indicates adaptive measures or improvements in operational efficiency. Overall, the company demonstrates resilience with growth capacity but faces notable instability and recent contraction in key financial metrics.

Comparison to Competitors

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

Microsoft Excel
AT&T Inc. T-Mobile US Inc. Verizon Communications Inc.
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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).