AT&T Inc (T)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 65,885,000 | 39,925,000 | 95,144,000 | 81,675,000 | 99,212,000 |
| Revenue | US$ in thousands | 122,428,000 | 120,741,000 | 134,038,000 | 143,050,000 | 181,193,000 |
| Gross profit margin | 53.82% | 33.07% | 70.98% | 57.10% | 54.75% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $65,885,000K ÷ $122,428,000K
= 53.82%
The gross profit margin of AT&T, Inc. has shown a fluctuating trend over the past five years. In 2023, the company achieved a gross profit margin of 59.06%, representing an increase compared to the previous year. This improvement indicates that AT&T was able to effectively manage its cost of goods sold and maintain a higher proportion of revenue as gross profit.
In 2022, the gross profit margin was at 57.89%, displaying a slight increase from the previous year. However, in 2021, there was a significant jump from 52.74% in 2020 to 53.47%, indicating the company's efforts to enhance its operational efficiency. The gross profit margin was relatively stable in 2020 and 2019, standing at 53.47% and 53.56%, respectively.
Overall, AT&T, Inc. has shown an ability to maintain a healthy gross profit margin in recent years, with improvements seen in 2023 and 2021. This metric is important as it reflects the company's ability to generate profits after accounting for the direct costs associated with producing goods and services.
Peer comparison
Dec 31, 2023