AT&T Inc (T)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 18,625,000 | -4,744,000 | 25,476,000 | -4,008,000 | 17,396,000 |
| Revenue | US$ in thousands | 122,428,000 | 120,741,000 | 134,038,000 | 143,050,000 | 181,193,000 |
| Pretax margin | 15.21% | -3.93% | 19.01% | -2.80% | 9.60% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $18,625,000K ÷ $122,428,000K
= 15.21%
AT&T Inc.'s pretax margin has fluctuated over the past five years, ranging from -2.56% in 2022 to 16.21% in 2023. The positive pretax margin in 2023 indicates that the company generated a profit before accounting for taxes at a rate of 16.21% of its total revenue. This improvement from the negative margins in 2020 and 2022 suggests that AT&T has potentially implemented cost-cutting measures or improved revenue generation strategies. However, the company experienced fluctuations in its profitability over the years, with the highest margin in 2023 and the lowest in 2022. Further analysis would be required to understand the specific factors driving these changes in pretax margin.
Peer comparison
Dec 31, 2023