AT&T Inc (T) - Net Assets
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. Check T asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore AT&T Inc assets under control for the complete picture of this company's asset base.
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. For live valuation and market cap data, see T company net worth.
| 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 |
|---|---|
|
Foxconn Industrial Internet Co Ltd
SHG:601138
|
$182.59 Billion |
|
IND.D.D.TEXT.UNSP.ADR 1/2
F:IXD2
|
$183.19 Billion |
|
Siemens Aktiengesellschaft
XETRA:SIE
|
$184.02 Billion |
|
SHELL PLC WI ADR/2
F:L3H
|
$190.34 Billion |
|
Arista Networks
NYSE:ANET
|
$178.30 Billion |
|
Amgen Inc
NASDAQ:AMGN
|
$177.77 Billion |
|
SIEMENS AG SP. ADR 1/ 1/2
F:SIEB
|
$177.31 Billion |
|
COMMONW.BK AUSTR.SP.ADRS
F:CWW0
|
$177.25 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: 1.80x
- 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 4.19x to 1.80x 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 | $26.12 | x |
| 1986-12-31 | $6.57 | $26.12 | x |
| 1987-12-31 | $6.81 | $26.12 | x |
| 1988-12-31 | $6.16 | $26.12 | x |
| 1989-12-31 | $6.97 | $26.12 | x |
| 1990-12-31 | $7.17 | $26.12 | x |
| 1991-12-31 | $7.43 | $26.12 | x |
| 1992-12-31 | $7.75 | $26.12 | x |
| 1993-12-31 | $6.31 | $26.12 | x |
| 1994-12-31 | $6.95 | $26.12 | x |
| 1995-12-31 | $3.38 | $26.12 | x |
| 1996-12-31 | $4.90 | $26.12 | x |
| 1997-12-31 | $5.72 | $26.12 | x |
| 1998-12-31 | $6.60 | $26.12 | x |
| 1999-12-31 | $7.73 | $26.12 | x |
| 2000-12-31 | $8.87 | $26.12 | x |
| 2001-12-31 | $9.69 | $26.12 | x |
| 2002-12-31 | $9.92 | $26.12 | x |
| 2003-12-31 | $11.49 | $26.12 | x |
| 2004-12-31 | $12.19 | $26.12 | x |
| 2005-12-31 | $16.19 | $26.12 | x |
| 2006-12-31 | $29.61 | $26.12 | x |
| 2007-12-31 | $18.70 | $26.12 | x |
| 2008-12-31 | $16.17 | $26.12 | x |
| 2009-12-31 | $17.14 | $26.12 | x |
| 2010-12-31 | $18.80 | $26.12 | x |
| 2011-12-31 | $17.74 | $26.12 | x |
| 2012-12-31 | $15.87 | $26.12 | x |
| 2013-12-31 | $16.90 | $26.12 | x |
| 2014-12-31 | $17.18 | $26.12 | x |
| 2015-12-31 | $21.73 | $26.12 | x |
| 2016-12-31 | $19.90 | $26.12 | x |
| 2017-12-31 | $22.78 | $26.12 | x |
| 2018-12-31 | $27.05 | $26.12 | x |
| 2019-12-31 | $25.07 | $26.12 | x |
| 2020-12-31 | $22.51 | $26.12 | x |
| 2021-12-31 | $22.17 | $26.12 | x |
| 2022-12-31 | $12.85 | $26.12 | x |
| 2023-12-31 | $14.23 | $26.12 | x |
| 2024-12-31 | $14.49 | $26.12 | 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: $55,588,434,900
- Average return on equity (ROE) among peers: 10.86%
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 |
| Array Digital Infrastructure, Inc. (AD) | $4.22 Billion | 3.01% | 0.93x | $2.63 Billion |
| America Movil SAB de CV ADR (AMX) | $127.16 Billion | 46.19% | 1.75x | $71.77 Billion |
| Anterix Inc (ATEX) | $179.79 Million | -9.08% | 0.55x | $703.61 Million |
| ATN International Inc (ATNI) | $164.80 Million | 10.92% | 1.32x | $365.41 Million |
| Altice USA Inc (ATUS) | $-456.83 Million | 0.00% | 0.00x | $502.28 Million |
| Cable One Inc (CABO) | $1.74 Billion | 12.27% | 2.96x | $425.47 Million |
| Cogent Communications Group Inc (CCOI) | $83.79 Million | 0.95% | 8.09x | $1.14 Billion |
| Chunghwa Telecom Co Ltd (CHT) | $392.72 Billion | 9.41% | 0.33x | $33.47 Billion |
| Charter Communications Inc (CHTR) | $14.72 Billion | 30.96% | 9.00x | $21.41 Billion |
| Comcast Corp (CMCSA) | $15.35 Billion | 3.96% | 1.49x | $97.57 Billion |
About 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