AT&T Inc
AT&T Inc. provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, age… Read more
AT&T Inc (T) - Net Assets
Latest net assets as of September 2025: $128.74 Billion USD
Based on the latest financial reports, AT&T Inc (T) has net assets worth $128.74 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($423.21 Billion) and total liabilities ($294.47 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $128.74 Billion |
| % of Total Assets | 30.42% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | -32.93% |
| 10-Year Change | -2.76% |
| Growth Volatility | 29.31 |
AT&T Inc - Net Assets Trend (1985–2024)
This chart illustrates how AT&T Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AT&T Inc (1985–2024)
The table below shows the annual net assets of AT&T Inc from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $120.22 Billion | +0.68% |
| 2023-12-31 | $119.42 Billion | +12.17% |
| 2022-12-31 | $106.46 Billion | -42.10% |
| 2021-12-31 | $183.85 Billion | +2.57% |
| 2020-12-31 | $179.24 Billion | -11.24% |
| 2019-12-31 | $201.93 Billion | +4.15% |
| 2018-12-31 | $193.88 Billion | +36.53% |
| 2017-12-31 | $142.01 Billion | +14.42% |
| 2016-12-31 | $124.11 Billion | +0.38% |
| 2015-12-31 | $123.64 Billion | +36.97% |
| 2014-12-31 | $90.27 Billion | -1.32% |
| 2013-12-31 | $91.48 Billion | -1.31% |
| 2012-12-31 | $92.69 Billion | -12.38% |
| 2011-12-31 | $105.80 Billion | -5.50% |
| 2010-12-31 | $111.95 Billion | +9.77% |
| 2009-12-31 | $101.99 Billion | +5.41% |
| 2008-12-31 | $96.75 Billion | -16.14% |
| 2007-12-31 | $115.37 Billion | -0.15% |
| 2006-12-31 | $115.54 Billion | +111.26% |
| 2005-12-31 | $54.69 Billion | +35.02% |
| 2004-12-31 | $40.50 Billion | +5.90% |
| 2003-12-31 | $38.25 Billion | +15.21% |
| 2002-12-31 | $33.20 Billion | +0.85% |
| 2001-12-31 | $32.92 Billion | +4.63% |
| 2000-12-31 | $31.46 Billion | +13.48% |
| 1999-12-31 | $27.73 Billion | +16.62% |
| 1998-12-31 | $23.77 Billion | +106.37% |
| 1997-12-31 | $11.52 Billion | +8.26% |
| 1996-12-31 | $10.64 Billion | +70.09% |
| 1995-12-31 | $6.26 Billion | -25.13% |
| 1994-12-31 | $8.36 Billion | +10.40% |
| 1993-12-31 | $7.57 Billion | -18.66% |
| 1992-12-31 | $9.30 Billion | +5.02% |
| 1991-12-31 | $8.86 Billion | +3.24% |
| 1990-12-31 | $8.58 Billion | +2.57% |
| 1989-12-31 | $8.37 Billion | +17.99% |
| 1988-12-31 | $7.09 Billion | -13.43% |
| 1987-12-31 | $8.19 Billion | +4.77% |
| 1986-12-31 | $7.82 Billion | +5.69% |
| 1985-12-31 | $7.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AT&T Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 38.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.87 Billion | 1.79% |
| Common Stock | $7.62 Billion | 7.30% |
| Other Comprehensive Income | $795.00 Million | 0.76% |
| Other Components | $94.08 Billion | 90.14% |
| Total Equity | $104.37 Billion | 100.00% |
AT&T Inc Competitors by Market Cap
The table below lists competitors of AT&T Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shell PLC
PINK:RYDAF
|
$179.30 Billion |
|
Linde PLC
XETRA:LIN
|
$187.60 Billion |
|
BHP Group Limited
NYSE:BHP
|
$188.50 Billion |
|
Morgan Stanley
NYSE:MS
|
$189.65 Billion |
|
Gilead Sciences Inc
NASDAQ:GILD
|
$178.76 Billion |
|
Salesforce.com Inc
NYSE:CRM
|
$178.05 Billion |
|
0QZO
LSE:0QZO
|
$177.22 Billion |
|
Thermo Fisher Scientific Inc
NYSE:TMO
|
$177.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AT&T Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 103,297,000,000 to 104,372,000,000, a change of 1,075,000,000 (1.0%).
- Net income of 10,948,000,000 contributed positively to equity growth.
- Dividend payments of 8,208,000,000 reduced retained earnings.
- Share repurchases of 215,000,000 reduced equity.
- New share issuances of 15,000,000 increased equity.
- Other comprehensive income decreased equity by 1,505,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.95 Billion | +10.49% |
| Dividends Paid | $8.21 Billion | -7.86% |
| Share Repurchases | $215.00 Million | -0.21% |
| Share Issuances | $15.00 Million | +0.01% |
| Other Comprehensive Income | $-1.50 Billion | -1.44% |
| Other Changes | $40.00 Million | +0.04% |
| Total Change | $- | 1.04% |
Book Value vs Market Value Analysis
This analysis compares AT&T Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.47x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $6.24 | $27.85 | x |
| 1986-12-31 | $6.57 | $27.85 | x |
| 1987-12-31 | $6.81 | $27.85 | x |
| 1988-12-31 | $6.16 | $27.85 | x |
| 1989-12-31 | $6.97 | $27.85 | x |
| 1990-12-31 | $7.17 | $27.85 | x |
| 1991-12-31 | $7.43 | $27.85 | x |
| 1992-12-31 | $7.75 | $27.85 | x |
| 1993-12-31 | $6.31 | $27.85 | x |
| 1994-12-31 | $6.95 | $27.85 | x |
| 1995-12-31 | $3.38 | $27.85 | x |
| 1996-12-31 | $4.90 | $27.85 | x |
| 1997-12-31 | $5.72 | $27.85 | x |
| 1998-12-31 | $6.60 | $27.85 | x |
| 1999-12-31 | $7.73 | $27.85 | x |
| 2000-12-31 | $8.87 | $27.85 | x |
| 2001-12-31 | $9.69 | $27.85 | x |
| 2002-12-31 | $9.92 | $27.85 | x |
| 2003-12-31 | $11.49 | $27.85 | x |
| 2004-12-31 | $12.19 | $27.85 | x |
| 2005-12-31 | $16.19 | $27.85 | x |
| 2006-12-31 | $29.61 | $27.85 | x |
| 2007-12-31 | $18.70 | $27.85 | x |
| 2008-12-31 | $16.17 | $27.85 | x |
| 2009-12-31 | $17.14 | $27.85 | x |
| 2010-12-31 | $18.80 | $27.85 | x |
| 2011-12-31 | $17.74 | $27.85 | x |
| 2012-12-31 | $15.87 | $27.85 | x |
| 2013-12-31 | $16.90 | $27.85 | x |
| 2014-12-31 | $17.18 | $27.85 | x |
| 2015-12-31 | $21.73 | $27.85 | x |
| 2016-12-31 | $19.90 | $27.85 | x |
| 2017-12-31 | $22.78 | $27.85 | x |
| 2018-12-31 | $27.05 | $27.85 | x |
| 2019-12-31 | $25.07 | $27.85 | x |
| 2020-12-31 | $22.51 | $27.85 | x |
| 2021-12-31 | $22.17 | $27.85 | x |
| 2022-12-31 | $12.85 | $27.85 | x |
| 2023-12-31 | $14.23 | $27.85 | x |
| 2024-12-31 | $14.49 | $27.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AT&T Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.95%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 3.78x
- Recent ROE (10.49%) is below the historical average (12.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.47% | 12.57% | 0.41x | 2.61x | $256.50 Million |
| 1986 | 13.08% | 12.94% | 0.39x | 2.60x | $240.90 Million |
| 1987 | 12.78% | 13.08% | 0.37x | 2.62x | $227.99 Million |
| 1988 | 14.28% | 13.95% | 0.40x | 2.55x | $303.69 Million |
| 1989 | 13.06% | 12.52% | 0.41x | 2.53x | $256.15 Million |
| 1990 | 12.84% | 12.09% | 0.41x | 2.59x | $243.28 Million |
| 1991 | 13.05% | 12.39% | 0.40x | 2.62x | $270.58 Million |
| 1992 | 13.99% | 13.00% | 0.42x | 2.56x | $371.27 Million |
| 1993 | -11.17% | -7.80% | 0.45x | 3.21x | $-1.60 Billion |
| 1994 | 19.74% | 14.01% | 0.45x | 3.11x | $813.44 Million |
| 1995 | -48.98% | -14.11% | 0.99x | 3.52x | $-3.69 Billion |
| 1996 | 36.06% | 13.80% | 0.64x | 4.10x | $2.51 Billion |
| 1997 | 38.85% | 9.48% | 0.96x | 4.26x | $3.04 Billion |
| 1998 | 33.77% | 16.63% | 0.62x | 3.29x | $5.41 Billion |
| 1999 | 30.53% | 16.47% | 0.60x | 3.11x | $5.49 Billion |
| 2000 | 25.60% | 15.18% | 0.52x | 3.24x | $4.75 Billion |
| 2001 | 21.29% | 15.27% | 0.48x | 2.93x | $3.72 Billion |
| 2002 | 17.03% | 13.20% | 0.45x | 2.86x | $2.33 Billion |
| 2003 | 22.24% | 21.00% | 0.40x | 2.62x | $4.68 Billion |
| 2004 | 14.53% | 14.45% | 0.37x | 2.72x | $1.84 Billion |
| 2005 | 8.75% | 10.94% | 0.30x | 2.66x | $-683.00 Million |
| 2006 | 6.37% | 11.67% | 0.23x | 2.34x | $-4.20 Billion |
| 2007 | 10.36% | 10.05% | 0.43x | 2.39x | $414.30 Million |
| 2008 | -2.72% | -2.13% | 0.47x | 2.75x | $-12.26 Billion |
| 2009 | 11.95% | 9.91% | 0.46x | 2.64x | $1.98 Billion |
| 2010 | 17.79% | 15.98% | 0.46x | 2.41x | $8.70 Billion |
| 2011 | 3.74% | 3.11% | 0.47x | 2.56x | $-6.61 Billion |
| 2012 | 7.86% | 5.70% | 0.47x | 2.95x | $-1.97 Billion |
| 2013 | 20.24% | 14.31% | 0.46x | 3.05x | $9.32 Billion |
| 2014 | 7.18% | 4.86% | 0.45x | 3.31x | $-2.53 Billion |
| 2015 | 10.88% | 9.09% | 0.36x | 3.28x | $1.08 Billion |
| 2016 | 10.54% | 7.92% | 0.41x | 3.28x | $662.50 Million |
| 2017 | 20.91% | 18.34% | 0.36x | 3.15x | $15.36 Billion |
| 2018 | 10.52% | 11.34% | 0.32x | 2.89x | $961.10 Million |
| 2019 | 7.55% | 7.67% | 0.33x | 2.99x | $-4.52 Billion |
| 2020 | -3.20% | -3.01% | 0.33x | 3.25x | $-21.34 Billion |
| 2021 | 12.07% | 14.98% | 0.24x | 3.32x | $3.45 Billion |
| 2022 | -8.74% | -7.06% | 0.30x | 4.13x | $-18.27 Billion |
| 2023 | 13.94% | 11.76% | 0.30x | 3.94x | $4.07 Billion |
| 2024 | 10.49% | 8.95% | 0.31x | 3.78x | $510.80 Million |
Industry Comparison
This section compares AT&T Inc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AT&T Inc (T) | $128.74 Billion | 13.47% | 2.29x | $179.15 Billion |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |