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Side-by-side financial comparison of Allstate (ALL) and AT&T (T). Click either name above to swap in a different company.
AT&T is the larger business by last-quarter revenue ($31.5B vs $922.0M, roughly 34.2× Allstate). Allstate runs the higher net margin — 266.6% vs 13.3%, a 253.3% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (7.2% vs 2.9%). Over the past eight quarters, AT&T's revenue compounded faster (2.8% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications conglomerate headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s third-largest telecommunications company by revenue, the third largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's biggest fiber internet provider.
ALL vs T — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $31.5B |
| Net Profit | $2.5B | $4.2B |
| Gross Margin | — | — |
| Operating Margin | -1400.3% | 21.1% |
| Net Margin | 266.6% | 13.3% |
| Revenue YoY | 7.2% | 2.9% |
| Net Profit YoY | — | -10.9% |
| EPS (diluted) | $9.25 | $0.54 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $922.0M | $31.5B | ||
| Q4 25 | $17.3B | $33.5B | ||
| Q3 25 | $17.3B | $30.7B | ||
| Q2 25 | $16.6B | $30.8B | ||
| Q1 25 | $16.5B | $30.6B | ||
| Q4 24 | $16.5B | $32.3B | ||
| Q3 24 | $16.6B | $30.2B | ||
| Q2 24 | $15.7B | $29.8B |
| Q1 26 | $2.5B | $4.2B | ||
| Q4 25 | $3.8B | $3.8B | ||
| Q3 25 | $3.7B | $9.3B | ||
| Q2 25 | $2.1B | $4.5B | ||
| Q1 25 | $595.0M | $4.4B | ||
| Q4 24 | $1.9B | $4.1B | ||
| Q3 24 | $1.2B | $-174.0M | ||
| Q2 24 | $331.0M | $3.6B |
| Q1 26 | -1400.3% | 21.1% | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 18.8% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 19.3% |
| Q1 26 | 266.6% | 13.3% | ||
| Q4 25 | 22.1% | 11.3% | ||
| Q3 25 | 21.7% | 30.3% | ||
| Q2 25 | 12.7% | 14.6% | ||
| Q1 25 | 3.6% | 14.2% | ||
| Q4 24 | 11.7% | 12.6% | ||
| Q3 24 | 7.2% | -0.6% | ||
| Q2 24 | 2.1% | 12.1% |
| Q1 26 | $9.25 | $0.54 | ||
| Q4 25 | $14.24 | $0.52 | ||
| Q3 25 | $13.95 | $1.29 | ||
| Q2 25 | $7.76 | $0.62 | ||
| Q1 25 | $2.11 | $0.61 | ||
| Q4 24 | $7.07 | $0.56 | ||
| Q3 24 | $4.33 | $-0.03 | ||
| Q2 24 | $1.13 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $12.0B |
| Total DebtLower is stronger | — | $131.6B |
| Stockholders' EquityBook value | $31.6B | $125.6B |
| Total Assets | $124.0B | $421.2B |
| Debt / EquityLower = less leverage | — | 1.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.0B | ||
| Q4 25 | $4.9B | $18.2B | ||
| Q3 25 | $8.7B | $20.3B | ||
| Q2 25 | $9.6B | $10.5B | ||
| Q1 25 | $6.5B | $6.9B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $7.0B | $2.6B | ||
| Q2 24 | $5.3B | $3.1B |
| Q1 26 | — | $131.6B | ||
| Q4 25 | $7.5B | $127.1B | ||
| Q3 25 | $8.1B | $128.1B | ||
| Q2 25 | $8.1B | $123.1B | ||
| Q1 25 | $8.1B | $117.3B | ||
| Q4 24 | $8.1B | $118.4B | ||
| Q3 24 | $8.1B | $126.4B | ||
| Q2 24 | $8.1B | $125.4B |
| Q1 26 | $31.6B | $125.6B | ||
| Q4 25 | $30.6B | $126.5B | ||
| Q3 25 | $27.5B | $126.8B | ||
| Q2 25 | $24.0B | $121.4B | ||
| Q1 25 | $22.1B | $119.9B | ||
| Q4 24 | $21.4B | $118.2B | ||
| Q3 24 | $20.9B | $116.3B | ||
| Q2 24 | $18.6B | $119.3B |
| Q1 26 | $124.0B | $421.2B | ||
| Q4 25 | $119.8B | $420.2B | ||
| Q3 25 | $120.4B | $423.2B | ||
| Q2 25 | $115.9B | $405.5B | ||
| Q1 25 | $115.2B | $397.5B | ||
| Q4 24 | $111.6B | $394.8B | ||
| Q3 24 | $113.7B | $393.7B | ||
| Q2 24 | $108.4B | $398.0B |
| Q1 26 | — | 1.05× | ||
| Q4 25 | 0.24× | 1.00× | ||
| Q3 25 | 0.29× | 1.01× | ||
| Q2 25 | 0.34× | 1.01× | ||
| Q1 25 | 0.37× | 0.98× | ||
| Q4 24 | 0.38× | 1.00× | ||
| Q3 24 | 0.39× | 1.09× | ||
| Q2 24 | 0.43× | 1.05× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $7.6B |
| Free Cash FlowOCF − Capex | — | $2.5B |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 15.5% |
| Cash ConversionOCF / Net Profit | — | 1.82× |
| TTM Free Cash FlowTrailing 4 quarters | — | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.6B | ||
| Q4 25 | $3.0B | $11.3B | ||
| Q3 25 | $3.3B | $10.2B | ||
| Q2 25 | $1.9B | $9.8B | ||
| Q1 25 | $2.0B | $9.0B | ||
| Q4 24 | $1.7B | $11.9B | ||
| Q3 24 | $3.2B | $10.2B | ||
| Q2 24 | $2.4B | $9.1B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.9B | $4.5B | ||
| Q3 25 | $3.2B | $5.3B | ||
| Q2 25 | $1.9B | $4.9B | ||
| Q1 25 | $1.9B | $4.8B | ||
| Q4 24 | $1.7B | $5.1B | ||
| Q3 24 | $3.1B | $4.9B | ||
| Q2 24 | $2.3B | $4.7B |
| Q1 26 | — | 8.0% | ||
| Q4 25 | 16.7% | 13.6% | ||
| Q3 25 | 18.8% | 17.1% | ||
| Q2 25 | 11.3% | 15.8% | ||
| Q1 25 | 11.4% | 15.6% | ||
| Q4 24 | 10.0% | 15.6% | ||
| Q3 24 | 18.9% | 16.3% | ||
| Q2 24 | 14.7% | 15.9% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | 0.5% | 20.3% | ||
| Q3 25 | 0.3% | 15.9% | ||
| Q2 25 | 0.0% | 15.9% | ||
| Q1 25 | 0.6% | 14.0% | ||
| Q4 24 | 0.3% | 21.2% | ||
| Q3 24 | 0.4% | 17.5% | ||
| Q2 24 | 0.4% | 14.6% |
| Q1 26 | — | 1.82× | ||
| Q4 25 | 0.78× | 2.99× | ||
| Q3 25 | 0.88× | 1.09× | ||
| Q2 25 | 0.89× | 2.17× | ||
| Q1 25 | 3.30× | 2.08× | ||
| Q4 24 | 0.88× | 2.92× | ||
| Q3 24 | 2.69× | — | ||
| Q2 24 | 7.13× | 2.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
T
| Service | $25.5B | 81% |
| Equipment | $6.0B | 19% |
