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