AT&T Inc. (T)


Analysis of Profitability Ratios
Quarterly Data

Low level of difficulty


Profitability Ratios (Summary)

AT&T Inc., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Return on Sales
Gross profit margin 53.55% 53.54% 53.70% 53.49% 52.30% 51.61% 51.36% 51.80% 52.61% 52.97% 53.04% 53.06% 54.01% 54.17% 54.14% 54.33% 52.64% 52.90% 53.40% 54.24%
Operating profit margin 15.79% 15.35% 15.28% 15.28% 12.34% 12.27% 12.74% 13.05% 15.46% 15.34% 14.81% 14.87% 16.84% 16.73% 17.03% 16.88% 8.41% 8.41% 8.32% 8.87%
Net profit margin 8.97% 9.47% 10.59% 11.34% 20.40% 20.12% 19.25% 18.34% 8.00% 8.12% 7.77% 7.92% 8.87% 8.76% 8.97% 9.09% 3.85% 4.04% 4.40% 4.70%
Return on Investment
Return on equity (ROE) 8.94% 9.44% 10.16% 10.52% 18.25% 17.41% 21.00% 20.91% 10.28% 10.54% 10.21% 10.54% 11.77% 11.52% 11.25% 10.88% 4.40% 6.18% 6.75% 7.21%
Return on assets (ROA) 2.98% 3.18% 3.43% 3.64% 6.27% 5.96% 6.87% 6.63% 2.90% 3.12% 3.07% 3.21% 3.61% 3.54% 3.44% 3.31% 1.34% 1.64% 1.89% 2.13%

Based on: 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-10), 10-Q (filing date: 2014-08-01), 10-Q (filing date: 2014-05-02).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.
Operating profit margin A profitability ratio calculated as operating income divided by revenue.
Net profit margin An indicator of profitability, calculated as net income divided by revenue.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity.
ROA A profitability ratio calculated as net income divided by total assets.

Gross Profit Margin

AT&T Inc., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Gross profit 24,434  24,445  24,088  24,684  25,033  21,528  20,092  19,344  20,762  21,583  21,478  20,722  22,000  22,045  22,135  22,428  21,295  17,936  18,096  15,902  18,416  18,363  19,155 
Operating revenues 44,588  44,957  44,827  47,993  45,739  38,986  38,038  41,676  39,668  39,837  39,365  41,841  40,890  40,520  40,535  42,119  39,091  33,015  32,576  34,439  32,957  32,575  32,476 
Profitability Ratio
Gross profit margin1 53.55% 53.54% 53.70% 53.49% 52.30% 51.61% 51.36% 51.80% 52.61% 52.97% 53.04% 53.06% 54.01% 54.17% 54.14% 54.33% 52.64% 52.90% 53.40% 54.24%
Benchmarks
Gross Profit Margin, Competitors2
Verizon Communications Inc. 58.60% 58.55% 57.90% 57.58% 57.57% 57.83% 58.48% 59.09% 59.22% 59.26% 59.17% 59.18% 59.52% 59.39% 59.73% 60.07% 59.98% 60.31% 60.36% 60.71%

Based on: 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-10), 10-Q (filing date: 2014-08-01), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
Gross profit margin = 100 × (Gross profitQ3 2019 + Gross profitQ2 2019 + Gross profitQ1 2019 + Gross profitQ4 2018) ÷ (Operating revenuesQ3 2019 + Operating revenuesQ2 2019 + Operating revenuesQ1 2019 + Operating revenuesQ4 2018)
= 100 × (24,434 + 24,445 + 24,088 + 24,684) ÷ (44,588 + 44,957 + 44,827 + 47,993) = 53.55%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.

Operating Profit Margin

AT&T Inc., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Operating income 7,901  7,500  7,233  6,160  7,269  6,466  6,201  359  6,403  7,323  6,864  4,248  6,408  6,560  7,131  7,532  5,923  5,773  5,557  (5,550) 5,402  5,616  6,278 
Operating revenues 44,588  44,957  44,827  47,993  45,739  38,986  38,038  41,676  39,668  39,837  39,365  41,841  40,890  40,520  40,535  42,119  39,091  33,015  32,576  34,439  32,957  32,575  32,476 
Profitability Ratio
Operating profit margin1 15.79% 15.35% 15.28% 15.28% 12.34% 12.27% 12.74% 13.05% 15.46% 15.34% 14.81% 14.87% 16.84% 16.73% 17.03% 16.88% 8.41% 8.41% 8.32% 8.87%
Benchmarks
Operating Profit Margin, Competitors2
Verizon Communications Inc. 18.55% 18.21% 17.25% 17.02% 20.25% 20.03% 21.55% 21.75% 24.63% 24.24% 21.27% 21.48% 22.50% 22.88% 25.07% 25.12% 16.22% 15.92% 15.91% 15.42%

Based on: 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-10), 10-Q (filing date: 2014-08-01), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
Operating profit margin = 100 × (Operating incomeQ3 2019 + Operating incomeQ2 2019 + Operating incomeQ1 2019 + Operating incomeQ4 2018) ÷ (Operating revenuesQ3 2019 + Operating revenuesQ2 2019 + Operating revenuesQ1 2019 + Operating revenuesQ4 2018)
= 100 × (7,901 + 7,500 + 7,233 + 6,160) ÷ (44,588 + 44,957 + 44,827 + 47,993) = 15.79%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue.

Net Profit Margin

AT&T Inc., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Net income attributable to AT&T 3,700  3,713  4,096  4,858  4,718  5,132  4,662  19,037  3,029  3,915  3,469  2,437  3,328  3,408  3,803  4,006  2,994  3,082  3,263  (3,977) 3,002  3,547  3,652 
Operating revenues 44,588  44,957  44,827  47,993  45,739  38,986  38,038  41,676  39,668  39,837  39,365  41,841  40,890  40,520  40,535  42,119  39,091  33,015  32,576  34,439  32,957  32,575  32,476 
Profitability Ratio
Net profit margin1 8.97% 9.47% 10.59% 11.34% 20.40% 20.12% 19.25% 18.34% 8.00% 8.12% 7.77% 7.92% 8.87% 8.76% 8.97% 9.09% 3.85% 4.04% 4.40% 4.70%
Benchmarks
Net Profit Margin, Competitors2
Verizon Communications Inc. 12.26% 12.08% 12.20% 11.87% 24.71% 23.88% 24.37% 23.88% 12.80% 12.88% 9.92% 10.42% 10.96% 11.10% 13.63% 13.58% 7.86% 7.69% 7.72% 7.57%

Based on: 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-10), 10-Q (filing date: 2014-08-01), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
Net profit margin = 100 × (Net income attributable to AT&TQ3 2019 + Net income attributable to AT&TQ2 2019 + Net income attributable to AT&TQ1 2019 + Net income attributable to AT&TQ4 2018) ÷ (Operating revenuesQ3 2019 + Operating revenuesQ2 2019 + Operating revenuesQ1 2019 + Operating revenuesQ4 2018)
= 100 × (3,700 + 3,713 + 4,096 + 4,858) ÷ (44,588 + 44,957 + 44,827 + 47,993) = 8.97%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue.

Return on Equity (ROE)

AT&T Inc., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Net income attributable to AT&T 3,700  3,713  4,096  4,858  4,718  5,132  4,662  19,037  3,029  3,915  3,469  2,437  3,328  3,408  3,803  4,006  2,994  3,082  3,263  (3,977) 3,002  3,547  3,652 
Stockholders’ equity attributable to AT&T 183,049  184,257  185,112  184,089  183,848  182,980  145,920  140,861  124,960  124,725  123,841  123,135  123,611  123,402  123,432  122,671  121,824  86,859  86,499  86,370  92,613  92,132  90,906 
Profitability Ratio
ROE1 8.94% 9.44% 10.16% 10.52% 18.25% 17.41% 21.00% 20.91% 10.28% 10.54% 10.21% 10.54% 11.77% 11.52% 11.25% 10.88% 4.40% 6.18% 6.75% 7.21%
Benchmarks
ROE, Competitors2
Verizon Communications Inc. 27.34% 27.99% 28.67% 29.22% 59.19% 59.50% 61.43% 69.85% 59.32% 63.23% 52.22% 58.28% 68.54% 75.04% 96.40% 108.83% 78.07% 86.85% 105.97% 78.26%

Based on: 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-10), 10-Q (filing date: 2014-08-01), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
ROE = 100 × (Net income attributable to AT&TQ3 2019 + Net income attributable to AT&TQ2 2019 + Net income attributable to AT&TQ1 2019 + Net income attributable to AT&TQ4 2018) ÷ Stockholders’ equity attributable to AT&T
= 100 × (3,700 + 3,713 + 4,096 + 4,858) ÷ 183,049 = 8.94%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity.

Return on Assets (ROA)

AT&T Inc., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Net income attributable to AT&T 3,700  3,713  4,096  4,858  4,718  5,132  4,662  19,037  3,029  3,915  3,469  2,437  3,328  3,408  3,803  4,006  2,994  3,082  3,263  (3,977) 3,002  3,547  3,652 
Total assets 548,796  546,914  548,384  531,864  534,870  534,691  446,343  444,097  443,865  420,795  411,903  403,821  402,975  401,808  403,638  402,672  399,989  326,489  308,028  292,829  287,939  293,466  285,340 
Profitability Ratio
ROA1 2.98% 3.18% 3.43% 3.64% 6.27% 5.96% 6.87% 6.63% 2.90% 3.12% 3.07% 3.21% 3.61% 3.54% 3.44% 3.31% 1.34% 1.64% 1.89% 2.13%
Benchmarks
ROA, Competitors2
Verizon Communications Inc. 5.65% 5.59% 5.64% 5.86% 12.15% 11.76% 11.79% 11.71% 6.25% 6.30% 4.97% 5.38% 5.86% 6.23% 7.35% 7.31% 4.24% 4.12% 4.20% 4.14%

Based on: 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05), 10-K (filing date: 2015-02-20), 10-Q (filing date: 2014-11-10), 10-Q (filing date: 2014-08-01), 10-Q (filing date: 2014-05-02).

1 Q3 2019 Calculation
ROA = 100 × (Net income attributable to AT&TQ3 2019 + Net income attributable to AT&TQ2 2019 + Net income attributable to AT&TQ1 2019 + Net income attributable to AT&TQ4 2018) ÷ Total assets
= 100 × (3,700 + 3,713 + 4,096 + 4,858) ÷ 548,796 = 2.98%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets.