How Does AT&T Stock Stack Up Against Its Peers?
AT&T‘s stock has outperformed some peers over the past year. As of December 19, 2025, a closer look reveals AT&T boasts moderate profitability and modest revenue growth, coupled with a reasonable valuation compared to many in the sector, suggesting a stable but not rapidly expanding outlook. However, the telecommunications sector faces evolving landscapes, with competitive intensity ratcheting up and firms pushing to maintain growth as wireless and broadband markets mature.
- T’s 19.5% operating margin reflects strong core profitability, despite lagging VZ (23.0%), which benefits from better expense control.
- T’s 2.0% revenue growth is low, lagging TMUS/VZ’s 5G/fiber expansions and CMCSA’s gains, yet surpasses struggling LUMN/ATNI.
- T’s 11.8% stock gain, with a 7.8 P/E, suggests undervaluation or lower growth, despite LUMN/ATNI’s stronger returns from niche plays.
Here’s how AT&T stacks up across size, valuation, and profitability versus key peers.
| T | TMUS | VZ | CMCSA | LUMN | ATNI | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 172.8 | 221.1 | 168.4 | 110.0 | 8.2 | 0.3 |
| Revenue ($ Bil) | 124.5 | 85.8 | 137.5 | 124.2 | 12.7 | 0.7 |
| PE Ratio | 7.8 | 18.6 | 8.5 | 4.8 | -4.9 | -42.2 |
| LTM Revenue Growth | 2.0% | 7.3% | 2.4% | 2.5% | -4.6% | -3.1% |
| LTM Operating Margin | 19.5% | 22.6% | 23.0% | 18.1% | 1.3% | 5.5% |
| LTM FCF Margin | 16.0% | 16.1% | 15.0% | 13.4% | 9.7% | 5.9% |
| 12M Market Return | 11.8% | -8.3% | 6.5% | -17.9% | 35.1% | 41.5% |
For more details on AT&T, read Buy or Sell T Stock. Below we compare T’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| T | 2.0% | -0.1% | 1.4% | -9.9% |
| TMUS | 7.3% | 3.6% | -1.3% | -0.7% |
| VZ | 2.4% | 0.6% | -2.1% | 2.4% |
| CMCSA | 2.5% | 1.8% | 0.1% | 4.3% |
| LUMN | -4.6% | -10.0% | -16.7% | -11.2% |
| ATNI | -3.1% | -4.3% | 5.0% | 20.4% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| T | 19.5% | 19.7% | 20.1% | 19.0% |
| TMUS | 22.6% | 22.1% | 18.1% | 10.2% |
| VZ | 23.0% | 21.3% | 21.4% | 22.3% |
| CMCSA | 18.1% | 18.8% | 19.2% | 18.6% |
| LUMN | 1.3% | 3.6% | 8.4% | 18.8% |
| ATNI | 5.5% | 4.1% | 3.5% | 2.4% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| T | 7.8 | 15.0 | 8.4 | -15.5 |
| TMUS | 18.6 | 22.8 | 22.8 | 67.6 |
| VZ | 8.5 | 9.6 | 13.7 | 7.8 |
| CMCSA | 4.8 | 9.0 | 11.7 | 28.7 |
| LUMN | -4.9 | -95.4 | -0.2 | -3.4 |
| ATNI | -42.2 | -9.7 | -41.8 | -126.4 |
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