AT&T's gross profit for the
three
months ended in Dec. 2023 was $18,111 Mil. AT&T's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $72,305 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. AT&T's gross profit for the
three
months ended in Dec. 2023 was $18,111 Mil. AT&T's Revenue for the
three
months ended in Dec. 2023 was $32,022 Mil. Therefore, AT&T's Gross Margin % for the quarter that ended in Dec. 2023 was 56.56%.
AT&T had a gross margin of 56.56% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of AT&T was 59.06%. The lowest was 51.53%. And the median was 53.95%.
AT&T Gross Profit Historical Data
The historical data trend for AT&T's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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AT&T Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Gross Profit
97,052.00
91,840.00
73,631.00
69,893.00
72,305.00
AT&T Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Gross Profit
17,772.00
17,808.00
18,090.00
18,296.00
18,111.00
Competitive Comparison
For the Telecom Services subindustry, AT&T's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AT&T Gross Profit Distribution
For the Telecommunication Services industry and Communication Services sector, AT&T's Gross Profit distribution charts can be found below:
* The bar in red indicates where AT&T's Gross Profit falls into.
AT&T Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
AT&T's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $72,305 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
AT&T's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
AT&T (NYSE:T) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
AT&T had a gross margin of 56.56% for the quarter that ended in Dec. 2023 => Durable competitive advantage
AT&T Gross Profit Related Terms
Thank you for viewing the detailed overview of AT&T's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
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