BCE vs AT&T
AT&T is the larger business, with $125.65bn of revenue in fiscal 2025 against $17.52bn for BCE (7.2 times as much). AT&T grew faster (2.7% against -1.7%). BCE kept more of each dollar of sales as profit: a net margin of 26.6% against 17.5%. AT&T carries less debt relative to equity (114.1% against 151.6%).
| Latest fiscal year | BCEBCE, 2025 | AT&TT, 2025 |
|---|---|---|
| Revenue | $17.52bn | $125.65bn |
| Revenue growth | -1.7% | 2.7% |
| Net income | $4.66bn | $21.95bn |
| Operating margin | — | 19.2% |
| Net margin | 26.6% | 17.5% |
| Return on equity | 32.6% | 17.9% |
| Free cash flow | $2.36bn | $19.44bn |
| Cash | — | $18.23bn |
| Total debt | $25.46bn | $144.31bn |
| Debt to equity | 151.6% | 114.1% |
| Dividend per share | — | $1.11 |
| Dividend yield | — | 5.4% |
| Share buybacks | $155m | $4.50bn |
| Employees | — | — |
| Market value | $19.09bn | $145.40bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | — | 68 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |