AT&TWBO:ATT -0.54%67 Net Margin % is 11.32% as of Dec. 2025, which is 12% above its 10-year median of 10.15. GuruFocus rates WBO:ATT with a GF Score™ of 67/100 and a GF Value™ of €19.01 (Fairly Valued). The stock has 3 warning signs investors should review. Among 368 Telecommunication Services companies, AT&T ranks better than 83.97% on this metric.
Net margin is calculated as Net Income divided by its Revenue. AT&T's Net Income for the
three
months ended in Dec. 2025 was €3,235 Mil. AT&T's Revenue for the
three
months ended in Dec. 2025 was €28,580 Mil. Therefore, AT&T's net margin for the quarter that ended in Dec. 2025 was 11.32%.
The historical rank and industry rank for AT&T's Net Margin % or its related term are showing as below:
WBO:ATT'
s Net Margin % Range Over the Past 10 Years
Min: -7.06 Med: 10.15 Max: 18.34
Current: 17.47
WBO:ATT's Net Margin % is ranked better than 83.97% of 368
companies
in the Telecommunication Services industry
Industry Median: 5.455
vs WBO:ATT: 17.47
AT&T (WBO:ATT) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
AT&T Net Margin % Related Terms
AT&T Net Margin % Historical Data
* Premium members only.
The historical data trend for AT&T's Net Margin % 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.
WBO:ATT vs VZ, TMUS, CMCSA: Net Margin % Comparison
For the Telecom Services subindustry, AT&T's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, AT&T's Net Margin % distribution charts can be found below:
* The bar in red indicates where AT&T's Net Margin % falls into.
* 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.
AT&T (WBO:ATT) has a Net Margin % of 11.32% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on AT&T and its competitors. This is 12% above median its historical median of 10.15. According to the industry distribution chart, AT&T ranks #59 out of 368 companies in the Telecommunication Services industry, placing it in the top 16%.
Is AT&T's Net Margin % too high?
AT&T's current Net Margin % of 11.32% is 12% above median its 10-year median of 10.15. The Telecommunication Services industry median Net Margin % is 5.46. AT&T's value of 11.32% is 107.5% above this industry median. Based on the distribution chart, AT&T ranks #59 out of 368 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, AT&T has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AT&T's Net Margin % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, AT&T ranks #59 out of 368 companies for Net Margin %. This places AT&T in the top 16% of its industry — outperforming the majority of peers. The industry median Net Margin % is 5.46. AT&T's value of 11.32% is 107.5% above this benchmark. While the company's 10-year median is 10.15 vs. the industry median of 5.46, AT&T has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Telecommunication Services company?
The median Net Margin % among Telecommunication Services companies is 5.46, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AT&T's current Net Margin % of 11.32% is 107.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on AT&T and its competitors. For the Telecommunication Services industry, the median Net Margin % is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AT&T's current Net Margin % is 11.32%, which is 12% above median its own 10-year median of 10.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AT&T stock overvalued right now?
Based on GuruFocus' analysis, AT&T (WBO:ATT) is currently considered Fairly Valued. The stock's GF Value™ is €19.01, compared to a current price of €19.77 — trading 4% above its estimated fair value. The current Net Margin % is 11.32%, which is 12% above median its 10-year median of 10.15 and 107.5% above the Telecommunication Services industry median of 5.46. AT&T's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For AT&T (WBO:ATT), the current Net Margin % is 11.32% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AT&T (WBO:ATT) Overvalued in 2026?
Based on GuruFocus' analysis, AT&T stock appears to be overvalued.
The current stock price of €19.77 is trading 4% above its estimated GF Value™ of €19.01.
GuruFocus considers AT&T to be Fairly Valued.
Key valuation signals for WBO:ATT:
Net Margin %: 11.32% (12% above median its 10-year median of 10.15)
GF Value™: €19.01 vs. price of €19.77 (4% above fair value)
Industry Position: 107.5% above the Telecommunication Services median (#59 of 368)
No single metric tells the full story. See the WBO:ATT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The wireless business contributes nearly 70% of AT&T's revenue. The company is the third-largest US wireless carrier, connecting 74 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 14% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential services, about 11% of revenue, primarily consist of in-home broadband internet access, serving 15 million customers. AT&T also has a sizable presence in Mexico, with 25 million wireless customers, but this business only accounts for 3% of revenue. The company recently sold its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.
67GF Score
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