Company / Free Cash Flow
AT&T Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$19.4B
FY2025
5-year range
$16.2B / $26.4B
FY2021-FY2025
Trend
+5.0%
vs FY2024
Sector context
#4 of 64
Communication Services
What the data says
Among 64 Communication Services companies, AT&T is in the top 6% for free cash flow. Free Cash Flow has fluctuated over the past 10 years, ranging from $16.2B in FY2022 to $29.0B in FY2019.
Based on SEC 10-K filings.
$19.4B in FY2025 with a 5-year CAGR of -7.3%. Top quartile in the Communication Services sector.
Declined from $20.5B to $19.4B over the past 2 years.
Communication Services sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +6.3%
- 5-Year CAGR
- -7.3%
- 10-Year CAGR
- -
Sector benchmark
+450.7% above sector average
Key checks
Key Insights
- 5-year CAGR of -7.3%, indicating a declining trend.
- In FY2025, free cash flow increased 5.0% year-over-year.
- Ranks #4 out of 64 companies in the Communication Services sector.
- Peak free cash flow was recorded in FY2019.
Company context
Key Data Points
- Altman Z-Score 0.68 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $19.4B | +5.0% |
| FY2024 | $18.5B | -9.5% |
| FY2023 | $20.5B | +26.4% |
| FY2022 | $16.2B | -38.7% |
| FY2021 | $26.4B | -7.1% |
| FY2020 | $28.4B | -2.0% |
| FY2019 | $29.0B | +29.9% |
| FY2018 | $22.4B | +28.7% |
| FY2017 | $17.4B | +2.6% |
| FY2016 | $16.9B | +1.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026