{ "ok": true, "cik": "732717", "ticker": "T", "name": "AT&T INC.", "filings": [ { "form": "8-K", "filed": "2026-09-09", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/732717/000119312526386534/0001193125-26-386534-index.htm" }, { "form": "8-K", "filed": "2026-08-17", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/732717/000119312526354091/0001193125-26-354091-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/732717/000119312526332110/0001193125-26-332110-index.htm" }, { "form": "8-K", "filed": "2026-07-28", "items": [ "2.03 Creation of a Direct Financial Obligation", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/732717/000119312526321053/0001193125-26-321053-index.htm" }, { "form": "10-Q", "filed": "2026-07-22", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/732717/000073271726000297/0000732717-26-000297-index.htm" }, { "form": "8-K", "filed": "2026-07-22", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/732717/000073271726000294/0000732717-26-000294-index.htm" } ], "events12m": 17, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000732717.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=732717" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up AT&T INC. ($T). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-09. 17 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 125648000000, "revenueGrowth1y": 0.027072979335600378, "revenueGrowthPerYear": -0.01602988054801424, "yearsOfData": 5, "operatingMargin": 0.1922991213548962, "operatingMarginPrior": 0.15571050222338478, "netMargin": 0.18612313765439958, "operatingCashFlow": 40284000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 18234000000, "longTermDebt": 136100000000, "longTermDebtChange": 0.10173882071042328, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 134038000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 120741000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 122428000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 122336000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 125648000000 } ], "totalEquity": 126491000000, "totalAssets": 420198000000, "equityRatio": 0.30102713482691495, "returnOnEquity": 0.18488271892861943, "dividendsPaid": 8180000000, "payoutRatio": 0.3497819208073206, "dividendPerShare": 1.11, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 101320291259.53381, "high": 145391541430.3685, "baseline": 128188627605.68549, "n": 1471, "band": "b10" }, "ifPaceHeld": { "low": 101320291259.53381, "high": 145391541430.3685 } }, "edgarette": "🔖 Exposure: revenue $125.6B (FY2025), total debt $136.1B. Experience: revenue up 2.7% on the year, down 1.6% a year over 4 years; operating margin 19.2%, up from 15.6%. Soundness: equity 30.1% of assets, return on equity 18.5%, payout 35.0% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $101.3B and $145.4B next year (method v3, set from 1,471 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (14 filers, $50M+ revenue, telephone communications (no radiotelephone)): operating margin 19.2% against a 2.5% median; growth 2.7% against 2.3%.", "peers": { "sic": 4813, "sicDescription": "Telephone Communications (No Radiotelephone)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4813", "growth": [ 0.0233, 14 ], "opMargin": [ 0.0247, 14 ], "equityRatio": [ 0.3783, 12 ], "returnOnEquity": [ -0.017, 10 ] }, "summary": "At&T (T) grew revenue 2.7% in FY2025 to $125.6 billion, operating margin 19.2% against a 2.5% median for telephone communications (no radiotelephone), equity 30.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
AT&T INC. against its own record and its peers
Operating marginPeer median 2.5%19.2%Revenue, on the yearPeer median 2.3%2.7%Equity of assetsPeer median 37.8%30.1%Return on equityPeer median -1.7%18.5%Payout of profit35.0%Gold tick: the median of 10–12 peers with $50M+ revenue in telephone communications (no radiotelephone)
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit35.0% paid out65.0% keptHanded back per share$1.11Growth its own profit can fund12.0%retained x return on equityRevenue growth it managed2.7%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 13, "rate": 0.8666666666666667, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:11:00.715Z", "hash": "678ddad8d0562517", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "At&T (T) grew revenue 2.7% in FY2025 to $125.6 billion, operating margin 19.2% against a 2.5% median for telephone communications (no radiotelephone), equity 30.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 125648000000, "totalDebt": 136100000000, "cash": 18234000000 }, "experience": { "revenueGrowth1y": 0.027072979335600378, "revenueGrowthPerYear": -0.01602988054801424, "operatingMargin": 0.1922991213548962, "operatingMarginPrior": 0.15571050222338478, "netMargin": 0.18612313765439958, "freeCashFlow": null }, "soundness": { "equityRatio": 0.30102713482691495, "returnOnEquity": 0.18488271892861943, "payoutRatio": 0.3497819208073206, "dividendPerShare": 1.11, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4813, "sicDescription": "Telephone Communications (No Radiotelephone)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4813", "growth": [ 0.0233, 14 ], "opMargin": [ 0.0247, 14 ], "equityRatio": [ 0.3783, 12 ], "returnOnEquity": [ -0.017, 10 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 101320291259.53381, "high": 145391541430.3685, "baseline": 128188627605.68549, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 1471, "sizeBand": "b10" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 13, "rate": 0.8666666666666667, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:11:00.715Z", "hash": "678ddad8d0562517", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000732717.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=732717" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }