At&T (T) Return on Capital Employed (2009 - 2026)
At&T (T) reported Return on Capital Employed of 6.77% for Q1 2026, up 132.0% year-over-year from 2.92% in Q1 2025, and up 3.08% quarter-over-quarter from 6.57% in Q4 2025.
At&T (T) Return on Capital Employed (2009 - 2026) Analysis & Trends
At&T (T) has 18 years of Return on Capital Employed data on file, last reported at 6.77% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 6.77%, up 132.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.77% (up 132.0% YoY), and the FY2025 annual result was 6.83%, up 145.0% from the prior year.
- Return on Capital Employed rose to 6.77% in Q1 2026 per T's latest filing, from 6.57% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 6.77% in Q1 2026 and troughed at 1.28% in Q4 2022.
- A 5-year average of 4.28% and a median of 5.48% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed tumbled 712 bps in 2022, then surged 787 bps in 2023.
- A 5-year view of Return on Capital Employed shows it stood at 1.28% in 2022, then jumped by 615 bps to 6.59% in 2023, then fell by 17 bps to 5.48% in 2024, then increased by 20 bps to 6.57% in 2025, then increased by 3 bps to 6.77% in 2026.
- Business Quant data shows T's Return on Capital Employed at 6.77% in Q1 2026, 6.57% in Q4 2025, and 6.57% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Bce | 382.57 Bn | 381.58 Bn | - | - |
| 2 | T-Mobile US | 195.94 Bn | 192.42 Bn | 17.62 Bn | 9.14% |
| 3 | Verizon Communications | 190.78 Bn | 183.73 Bn | 27.94 Bn | 8.65% |
| 4 | At&T | 159.64 Bn | 149.68 Bn | 25.25 Bn | 6.77% |
| 5 | Telefonica Brasil | 146.21 Bn | 144.47 Bn | 1.32 Bn | 9.71% |
| 6 | America Movil Sab De Cv | 128.31 Bn | 126.27 Bn | 10.13 Bn | - |
| 7 | Chunghwa Telecom | 109.39 Bn | 107.21 Bn | 719.92 Mn | 3.96% |
| 8 | Millicom International Cellular | 106.22 Bn | 104.67 Bn | - | 11.68% |
| 9 | Veon | 82.81 Bn | 80.59 Bn | - | - |
| 10 | EchoStar | 33.61 Bn | 33.48 Bn | 3.13 Bn | -11.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.77% |
| Dec 31, 2025 | 6.57% |
| Sep 30, 2025 | 6.57% |
| Jun 30, 2025 | 5.58% |
| Mar 31, 2025 | 5.45% |
| Dec 31, 2024 | 5.48% |
| Sep 30, 2024 | 5.35% |
| Jun 30, 2024 | 6.36% |
| Mar 31, 2024 | 6.50% |
| Dec 31, 2023 | 6.59% |
| Sep 30, 2023 | -0.82% |
| Jun 30, 2023 | -0.76% |
| Mar 31, 2023 | -1.20% |
| Dec 31, 2022 | -1.28% |
| Sep 30, 2022 | 5.72% |
| Jun 30, 2022 | 4.78% |
| Mar 31, 2022 | 5.03% |
| Dec 31, 2021 | 5.84% |
| Sep 30, 2021 | 2.63% |
| Jun 30, 2021 | 2.61% |