AT&T (MIC:T-RM) OCF Margin %: 34.44% (As of Jun. 2026) — 21% Above Median

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What is AT&T OCF Margin %?

AT&T MIC:T-RM 69 OCF Margin % is 34.44% as of Jun. 2026, which is 21% above its 10-year median of 28.51. GuruFocus rates MIC:T-RM with a GF Score™ of 69/100. The stock has 3 warning signs investors should review. Among 365 Telecommunication Services companies, AT&T ranks better than 68.77% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. AT&T's Cash Flow from Operations for the three months ended in Jun. 2026 was $10,870.00 Mil. AT&T's Revenue for the three months ended in Jun. 2026 was $31,558.00 Mil. Therefore, AT&T's OCF Margin % for the quarter that ended in Jun. 2026 was 34.44%.

As of today, AT&T's current OCF Yield % is 23.69%.

The historical rank and industry rank for AT&T's OCF Margin % or its related term are showing as below:


During the past 13 years, the highest OCF Margin % of AT&T was 32.06%. The lowest was 23.47%. And the median was 28.51%.

MIC:T-RM's OCF Margin % is not ranked *
in the Telecommunication Services industry.
Industry Median: 22.97
* Ranked among companies with meaningful OCF Margin % only.


AT&T OCF Margin % Related Terms


AT&T OCF Margin % Historical Data

* Premium members only.

The historical data trend for AT&T's OCF 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.

AT&T OCF Margin % Chart

AT&T Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.30 26.52 31.30 31.69 32.06

AT&T Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.65 33.06 33.83 23.99 34.44

AT&T OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

AT&T's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=40284/125648
=32.06 %

AT&T's OCF Margin for the quarter that ended in Jun. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=10870/31558
=34.44 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 34.44% mean?
AT&T (MIC:T-RM) has a OCF Margin % of 34.44% as of Jun. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on AT&T and its competitors. This is 21% above median its historical median of 28.51. Over the past decade, AT&T's OCF Margin % has ranged from 23.47 to 32.06. According to the industry distribution chart, AT&T ranks #114 out of 365 companies in the Telecommunication Services industry, placing it in the top 31.2%.
Is AT&T's OCF Margin % too high?
AT&T's current OCF Margin % of 34.44% is 21% above median its 10-year median of 28.51. Over the past 10 years, this metric has ranged from a low of 23.47 to a high of 32.06. The Telecommunication Services industry median OCF Margin % is 22.97. AT&T's value of 34.44% is 49.9% above this industry median. Based on the distribution chart, AT&T ranks #114 out of 365 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, AT&T has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does AT&T's OCF Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, AT&T ranks #114 out of 365 companies for OCF Margin %. This puts AT&T in the upper half of its industry. The industry median OCF Margin % is 22.97. AT&T's value of 34.44% is 49.9% above this benchmark. Historically, AT&T's own OCF Margin % has ranged from 23.47 to 32.06 over the past decade. While the company's 10-year median is 28.51 vs. the industry median of 22.97, 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 OCF Margin % for a Telecommunication Services company?
The median OCF Margin % among Telecommunication Services companies is 22.97, based on 365 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AT&T's current OCF Margin % of 34.44% is 49.9% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on AT&T and its competitors. For the Telecommunication Services industry, the median OCF Margin % is 22.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AT&T's current OCF Margin % is 34.44%, which is 21% above median its own 10-year median of 28.51. 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?
AT&T (MIC:T-RM) has a current OCF Margin % of 34.44%. The current OCF Margin % is 34.44%, which is 21% above median its 10-year median of 28.51 and 49.9% above the Telecommunication Services industry median of 22.97. AT&T's overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For AT&T (MIC:T-RM), the current OCF Margin % is 34.44% as of Jun. 2026. 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.

AT&T Business Description

Address 208 S. Akard Street, Dallas, TX, USA, 75202
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.