AT&T Inc (T)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 18,625,000 | -7,511,000 | -5,226,000 | -5,452,000 | -4,744,000 | 24,832,000 | 25,112,000 | 22,167,000 | 25,589,000 | 3,889,000 | 257,000 | -248,000 | -4,008,000 | 14,538,000 | 15,593,000 | 18,189,000 | 17,396,000 | 20,041,000 | 21,513,000 | 23,365,000 |
| Revenue (ttm) | US$ in thousands | 122,428,000 | 121,749,000 | 121,442,000 | 121,168,000 | 120,741,000 | 120,493,000 | 121,776,000 | 127,873,000 | 134,038,000 | 119,924,000 | 130,938,000 | 136,148,000 | 143,050,000 | 172,890,000 | 175,138,000 | 179,145,000 | 181,193,000 | 182,365,000 | 183,516,000 | 177,545,000 |
| Pretax margin | 15.21% | -6.17% | -4.30% | -4.50% | -3.93% | 20.61% | 20.62% | 17.34% | 19.09% | 3.24% | 0.20% | -0.18% | -2.80% | 8.41% | 8.90% | 10.15% | 9.60% | 10.99% | 11.72% | 13.16% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $18,625,000K ÷ $122,428,000K
= 15.21%
The pretax margin of AT&T, Inc. has exhibited fluctuations over the past eight quarters. In Q4 2023, the company's pretax margin stood at 16.21%, reflecting a significant improvement compared to the preceding quarter where it was negative at -5.56%. However, it is important to note that the pretax margin had been negative for Q3 2023, Q2 2023, and Q1 2023, indicating challenges in generating profits before taxes during those periods.
Comparing the recent performance to the same quarter a year ago, in Q4 2022, the pretax margin was at -2.56%, showcasing an unfavorable change. The peaks in pretax margin were observed in Q3 2022 and Q2 2022 at 19.15% and 18.25%, respectively. Thereafter, a slight decline was noted in Q1 2022, where the pretax margin was 14.41%.
Overall, the fluctuations in AT&T's pretax margin suggest varying levels of operational efficiency and profitability over the analyzed quarters. Further investigation into the drivers behind these fluctuations would be necessary to assess the company's financial health and performance accurately.
Peer comparison
Dec 31, 2023