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Gross Margin % is calculated as gross profit divided by its revenue. AT&T's Gross Profit for the three months ended in Sep. 2024 was $18,583 Mil. AT&T's Revenue for the three months ended in Sep. 2024 was $30,213 Mil. Therefore, AT&T's Gross Margin % for the quarter that ended in Sep. 2024 was 61.51%.
The historical rank and industry rank for AT&T's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of AT&T was 59.91%. The lowest was 51.53%. And the median was 53.95%.
AT&T had a gross margin of 61.51% for the quarter that ended in Sep. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for AT&T was 2.20% per year.
The historical data trend for AT&T's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
AT&T Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 53.56 | 53.47 | 54.93 | 57.89 | 59.06 |
AT&T Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Margin % | Get a 7-Day Free Trial | 60.28 | 56.56 | 60.19 | 61.60 | 61.51 |
For the Telecom Services subindustry, AT&T's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Telecommunication Services industry and Communication Services sector, AT&T's Gross Margin % distribution charts can be found below:
* The bar in red indicates where AT&T's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
AT&T's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 72305 | / | 122428 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (122428 - 50123) | / | 122428 | |
= | 59.06 % |
AT&T's Gross Margin for the quarter that ended in Sep. 2024 is calculated as
Gross Margin % (Q: Sep. 2024 ) | = | Gross Profit (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 18583 | / | 30213 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (30213 - 11630) | / | 30213 | |
= | 61.51 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
AT&T (NYSE:T) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
AT&T had a gross margin of 61.51% for the quarter that ended in Sep. 2024 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of AT&T's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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