At&T (T) Return on Capital Employed [ROCE] (2009 - 2026)
At&T's Return on Capital Employed [ROCE] came in at 6.26% for Q3 2026, down 0.32 percentage points from 6.57% a year earlier and down 0.64 percentage points from the prior quarter.
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Analysis
At&T (T) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, At&T's Return on Capital Employed [ROCE] was 6.83%, up 1.45 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +5.07 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 5.38% in FY2024 (-1.25 pp), 6.63% in FY2023 (+7.72 pp), -1.09% in FY2022 (-7.08 pp) and 5.99% in FY2021 (+4.23 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Capital Employed [ROCE] since Q2 2025.
- Year-over-year, Return on Capital Employed [ROCE] increased in four of the last eight quarters, with an average year-over-year change of +0.21 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2023 (a gain of 7.87 percentage points), and the weakest in Q4 2022 (a drop of 7.12 percentage points).
- Business Quant data shows T's Return on Capital Employed [ROCE] at 6.89% (Q2 2026), 6.77% (Q1 2026) and 6.57% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.46 Bn | 158.80 Bn | 27.05 Bn | 8.39% |
| 2 | T-Mobile US | 180.34 Bn | 162.78 Bn | 15.13 Bn | 10.24% |
| 3 | At&T | 148.15 Bn | 89.61 Bn | 26.22 Bn | 6.26% |
| 4 | Grupo Televisa, S.A.B | 145.14 Bn | 145.14 Bn | 960.50 Mn | 5.31% |
| 5 | Comcast | 86.88 Bn | 52.67 Bn | - | 7.98% |
| 6 | Chunghwa Telecom | 37.87 Bn | 29.88 Bn | 728.80 Mn | 2.44% |
| 7 | Vodafone Group Public | 37.60 Bn | 7.00 Bn | - | - |
| 8 | EchoStar | 29.01 Bn | 10.04 Bn | 647.20 Mn | 0.75% |
| 9 | Bce | 19.96 Bn | 17.96 Bn | 2.79 Bn | 8.92% |
| 10 | Telefonica Brasil | 18.66 Bn | 12.68 Bn | 1.42 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.26% |
| Jun 30, 2026 | 6.89% |
| 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% |
API Access
At&T Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=T&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "T", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=T&period=max&api_key=YOUR_API_KEY");
const data = await res.json();