Company / Working Capital
AT&T Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$5.0B
FY2025
5-year range
-$23.1B / $64.5B
FY2021-FY2025
Trend
+67.9%
vs FY2024
Sector context
#71 of 75
Communication Services
What the data says
Among 75 Communication Services companies, AT&T is in the bottom 5% for working capital. Working Capital has fluctuated over the past 10 years, ranging from -$23.1B in FY2022 to $64.5B in FY2021.
Based on SEC 10-K filings.
-$5.0B in FY2025.
Improved from -$14.7B to -$5.0B over the past 2 years.
Communication Services sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 5% in Communication ServicesTop 95% of 75This company -$5.0B Sector average $2.1B
▼
-342.8% below sector average
Key checks
Key Insights
- In FY2025, working capital increased 67.9% year-over-year.
- Ranks #71 out of 75 companies in the Communication Services sector.
- Peak working capital was recorded in FY2021.
- Lowest working capital in the period was in FY2022.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$5.0B | +67.9% |
| FY2024 | -$15.7B | -7.1% |
| FY2023 | -$14.7B | +36.4% |
| FY2022 | -$23.1B | -135.7% |
| FY2021 | $64.5B | +664.6% |
| FY2020 | -$11.4B | +19.2% |
| FY2019 | -$14.2B | -8.9% |
| FY2018 | -$13.0B | -479.3% |
| FY2017 | -$2.2B | +81.6% |
| FY2016 | -$12.2B | -3.2% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026