AT&T Inc. (T) - Net Assets
Based on the latest financial reports, AT&T Inc. (T) has net assets worth $127.62 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($421.19 Billion) and total liabilities ($293.57 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. Check AT&T Inc. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $127.62 Billion |
| % of Total Assets | 30.3% |
| Annual Growth Rate | 7.4% |
| 5-Year Change | -30.11% |
| 10-Year Change | 3.53% |
| Growth Volatility | 28.95 |
AT&T Inc. - Net Assets Trend (1985–2025)
This chart illustrates how AT&T Inc.'s net assets have evolved over time, based on quarterly financial data. See AT&T Inc. (T) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for AT&T Inc. (1985–2025)
The table below shows the annual net assets of AT&T Inc. from 1985 to 2025. For live valuation and market cap data, see T company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $128.49 Billion | +6.88% |
| 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 1064.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.77 Billion | 14.27% |
| Common Stock | $7.62 Billion | 6.89% |
| Other Comprehensive Income | $-860.00 Million | -0.78% |
| Other Components | $88.00 Billion | 79.62% |
| Total Equity | $110.53 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 |
|---|---|
|
Gilead Sciences Inc
NASDAQ:GILD
|
$157.85 Billion |
|
Deutsche Telekom AG
XETRA:DTE
|
$158.41 Billion |
|
Union Pacific Corporation
NYSE:UNP
|
$158.79 Billion |
|
BlackRock Inc
NYSE:BLK
|
$163.34 Billion |
|
Abbott Laboratories
NYSE:ABT
|
$157.58 Billion |
|
Applovin Corp
NASDAQ:APP
|
$157.51 Billion |
|
Deere & Company
NYSE:DE
|
$155.27 Billion |
|
Southern Copper Corporation
NYSE:SCCO
|
$153.06 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 2024 to 2025, total equity changed from 104,372,000,000 to 110,533,000,000, a change of 6,161,000,000 (5.9%).
- Net income of 21,889,000,000 contributed positively to equity growth.
- Dividend payments of 8,180,000,000 reduced retained earnings.
- Share repurchases of 4,500,000,000 reduced equity.
- New share issuances of 21,000,000 increased equity.
- Other comprehensive income decreased equity by 1,655,000,000.
- Other factors decreased equity by 1,414,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $21.89 Billion | +19.8% |
| Dividends Paid | $8.18 Billion | -7.4% |
| Share Repurchases | $4.50 Billion | -4.07% |
| Share Issuances | $21.00 Million | +0.02% |
| Other Comprehensive Income | $-1.66 Billion | -1.5% |
| Other Changes | $-1.41 Billion | -1.28% |
| Total Change | $- | 5.90% |
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: 1.50x
- 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 3.71x to 1.50x 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 | $23.16 | x |
| 1986-12-31 | $6.57 | $23.16 | x |
| 1987-12-31 | $6.81 | $23.16 | x |
| 1988-12-31 | $6.16 | $23.16 | x |
| 1989-12-31 | $6.97 | $23.16 | x |
| 1990-12-31 | $7.17 | $23.16 | x |
| 1991-12-31 | $7.43 | $23.16 | x |
| 1992-12-31 | $7.75 | $23.16 | x |
| 1993-12-31 | $6.31 | $23.16 | x |
| 1994-12-31 | $6.95 | $23.16 | x |
| 1995-12-31 | $3.38 | $23.16 | x |
| 1996-12-31 | $4.90 | $23.16 | x |
| 1997-12-31 | $5.72 | $23.16 | x |
| 1998-12-31 | $6.60 | $23.16 | x |
| 1999-12-31 | $7.73 | $23.16 | x |
| 2000-12-31 | $8.87 | $23.16 | x |
| 2001-12-31 | $9.69 | $23.16 | x |
| 2002-12-31 | $9.92 | $23.16 | x |
| 2003-12-31 | $11.49 | $23.16 | x |
| 2004-12-31 | $12.19 | $23.16 | x |
| 2005-12-31 | $16.19 | $23.16 | x |
| 2006-12-31 | $29.61 | $23.16 | x |
| 2007-12-31 | $18.70 | $23.16 | x |
| 2008-12-31 | $16.17 | $23.16 | x |
| 2009-12-31 | $17.14 | $23.16 | x |
| 2010-12-31 | $18.80 | $23.16 | x |
| 2011-12-31 | $17.74 | $23.16 | x |
| 2012-12-31 | $15.87 | $23.16 | x |
| 2013-12-31 | $16.90 | $23.16 | x |
| 2014-12-31 | $17.18 | $23.16 | x |
| 2015-12-31 | $21.73 | $23.16 | x |
| 2016-12-31 | $19.90 | $23.16 | x |
| 2017-12-31 | $22.78 | $23.16 | x |
| 2018-12-31 | $27.05 | $23.16 | x |
| 2019-12-31 | $25.07 | $23.16 | x |
| 2020-12-31 | $22.51 | $23.16 | x |
| 2021-12-31 | $22.17 | $23.16 | x |
| 2022-12-31 | $12.85 | $23.16 | x |
| 2023-12-31 | $14.23 | $23.16 | x |
| 2024-12-31 | $14.49 | $23.16 | x |
| 2025-12-31 | $15.40 | $23.16 | 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): 19.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.42%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 3.80x
- Recent ROE (19.80%) is above the historical average (12.25%), indicating improving 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 |
| 2025 | 19.80% | 17.42% | 0.30x | 3.80x | $10.84 Billion |
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: $88,467,794,400
- Average return on equity (ROE) among peers: 13.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AT&T Inc. (T) | $127.62 Billion | 13.47% | 2.30x | $157.80 Billion |
| Array Digital Infrastructure, Inc. (AD) | $3.31 Billion | -1.30% | 0.95x | $2.12 Billion |
| America Movil SAB de CV ADR (AMX) | $437.83 Billion | 18.93% | 2.70x | $71.77 Billion |
| Anterix Inc (ATEX) | $212.51 Million | -25.62% | 0.19x | $1.21 Billion |
| ATN International Inc (ATNI) | $806.08 Million | -1.34% | 0.40x | $408.36 Million |
| Altice USA Inc (ATUS) | $823.34 Million | 122.40% | 11.41x | $502.28 Million |
| Cable One Inc (CABO) | $835.26 Million | 12.51% | 0.49x | $268.50 Million |
| Cogent Communications Group Inc (CCOI) | $-293.17 Million | 0.00% | 0.00x | $788.39 Million |
| Chunghwa Telecom Co Ltd (CHT) | $400.93 Billion | 9.65% | 0.34x | $33.99 Billion |
| Charter Communications Inc (CHTR) | $38.81 Billion | 4.30% | 2.82x | $20.02 Billion |
| Comcast Corp (CMCSA) | $1.41 Billion | -3.79% | 7.57x | $84.30 Billion |
About AT&T Inc.
AT&T Inc. provides telecommunications and technology services worldwide. It 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, agents, and … Read more