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Side-by-side financial comparison of AT&T (T) and WEBTOON Entertainment Inc. (WBTN). Click either name above to swap in a different company.
AT&T is the larger business by last-quarter revenue ($31.5B vs $330.7M, roughly 95.3× WEBTOON Entertainment Inc.). AT&T runs the higher net margin — 13.3% vs -93.0%, a 106.3% gap on every dollar of revenue. AT&T produced more free cash flow last quarter ($2.5B vs $7.0M).
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.
Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.
T vs WBTN — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $31.5B | $330.7M |
| Net Profit | $4.2B | $-307.6M |
| Gross Margin | — | 24.3% |
| Operating Margin | 21.1% | -4.0% |
| Net Margin | 13.3% | -93.0% |
| Revenue YoY | 2.9% | — |
| Net Profit YoY | -10.9% | — |
| EPS (diluted) | $0.54 | $-2.37 |
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 | $31.5B | — | ||
| Q4 25 | $33.5B | $330.7M | ||
| Q3 25 | $30.7B | $378.0M | ||
| Q2 25 | $30.8B | $348.3M | ||
| Q1 25 | $30.6B | $325.7M | ||
| Q4 24 | $32.3B | — | ||
| Q3 24 | $30.2B | $347.9M | ||
| Q2 24 | $29.8B | $321.0M |
| Q1 26 | $4.2B | — | ||
| Q4 25 | $3.8B | $-307.6M | ||
| Q3 25 | $9.3B | $-11.6M | ||
| Q2 25 | $4.5B | $-4.3M | ||
| Q1 25 | $4.4B | $-22.4M | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $-174.0M | $19.8M | ||
| Q2 24 | $3.6B | $-76.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 25.1% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 26.3% | ||
| Q2 24 | — | 25.9% |
| Q1 26 | 21.1% | — | ||
| Q4 25 | 17.3% | -4.0% | ||
| Q3 25 | 19.9% | -3.9% | ||
| Q2 25 | 21.1% | -2.5% | ||
| Q1 25 | 18.8% | -8.2% | ||
| Q4 24 | 16.5% | — | ||
| Q3 24 | 7.0% | -2.3% | ||
| Q2 24 | 19.3% | -24.6% |
| Q1 26 | 13.3% | — | ||
| Q4 25 | 11.3% | -93.0% | ||
| Q3 25 | 30.3% | -3.1% | ||
| Q2 25 | 14.6% | -1.2% | ||
| Q1 25 | 14.2% | -6.9% | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | -0.6% | 5.7% | ||
| Q2 24 | 12.1% | -24.0% |
| Q1 26 | $0.54 | — | ||
| Q4 25 | $0.52 | $-2.37 | ||
| Q3 25 | $1.29 | $-0.09 | ||
| Q2 25 | $0.62 | $-0.03 | ||
| Q1 25 | $0.61 | $-0.17 | ||
| Q4 24 | $0.56 | — | ||
| Q3 24 | $-0.03 | $0.15 | ||
| Q2 24 | $0.49 | $-0.70 |
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 | $581.8M |
| Total DebtLower is stronger | $131.6B | — |
| Stockholders' EquityBook value | $125.6B | $1.2B |
| Total Assets | $421.2B | $1.6B |
| Debt / EquityLower = less leverage | 1.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.0B | — | ||
| Q4 25 | $18.2B | $581.8M | ||
| Q3 25 | $20.3B | $584.6M | ||
| Q2 25 | $10.5B | $581.5M | ||
| Q1 25 | $6.9B | $550.1M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.6B | $585.5M | ||
| Q2 24 | $3.1B | $572.3M |
| Q1 26 | $131.6B | — | ||
| Q4 25 | $127.1B | — | ||
| Q3 25 | $128.1B | — | ||
| Q2 25 | $123.1B | — | ||
| Q1 25 | $117.3B | — | ||
| Q4 24 | $118.4B | — | ||
| Q3 24 | $126.4B | — | ||
| Q2 24 | $125.4B | — |
| Q1 26 | $125.6B | — | ||
| Q4 25 | $126.5B | $1.2B | ||
| Q3 25 | $126.8B | $1.5B | ||
| Q2 25 | $121.4B | $1.5B | ||
| Q1 25 | $119.9B | $1.5B | ||
| Q4 24 | $118.2B | — | ||
| Q3 24 | $116.3B | $1.6B | ||
| Q2 24 | $119.3B | $1.5B |
| Q1 26 | $421.2B | — | ||
| Q4 25 | $420.2B | $1.6B | ||
| Q3 25 | $423.2B | $2.0B | ||
| Q2 25 | $405.5B | $2.0B | ||
| Q1 25 | $397.5B | $1.9B | ||
| Q4 24 | $394.8B | — | ||
| Q3 24 | $393.7B | $2.1B | ||
| Q2 24 | $398.0B | $2.0B |
| Q1 26 | 1.05× | — | ||
| Q4 25 | 1.00× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 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 | $7.6M |
| Free Cash FlowOCF − Capex | $2.5B | $7.0M |
| FCF MarginFCF / Revenue | 8.0% | 2.1% |
| Capex IntensityCapex / Revenue | 15.5% | 0.2% |
| Cash ConversionOCF / Net Profit | 1.82× | — |
| TTM Free Cash FlowTrailing 4 quarters | $17.2B | $3.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $7.6B | — | ||
| Q4 25 | $11.3B | $7.6M | ||
| Q3 25 | $10.2B | $16.5M | ||
| Q2 25 | $9.8B | $5.7M | ||
| Q1 25 | $9.0B | $-18.7M | ||
| Q4 24 | $11.9B | — | ||
| Q3 24 | $10.2B | $4.1M | ||
| Q2 24 | $9.1B | — |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $4.5B | $7.0M | ||
| Q3 25 | $5.3B | $11.8M | ||
| Q2 25 | $4.9B | $3.9M | ||
| Q1 25 | $4.8B | $-19.2M | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.9B | $3.5M | ||
| Q2 24 | $4.7B | — |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 13.6% | 2.1% | ||
| Q3 25 | 17.1% | 3.1% | ||
| Q2 25 | 15.8% | 1.1% | ||
| Q1 25 | 15.6% | -5.9% | ||
| Q4 24 | 15.6% | — | ||
| Q3 24 | 16.3% | 1.0% | ||
| Q2 24 | 15.9% | — |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 20.3% | 0.2% | ||
| Q3 25 | 15.9% | 1.2% | ||
| Q2 25 | 15.9% | 0.5% | ||
| Q1 25 | 14.0% | 0.2% | ||
| Q4 24 | 21.2% | — | ||
| Q3 24 | 17.5% | 0.2% | ||
| Q2 24 | 14.6% | — |
| Q1 26 | 1.82× | — | ||
| Q4 25 | 2.99× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 2.17× | — | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 2.92× | — | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | 2.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
T
| Service | $25.5B | 81% |
| Equipment | $6.0B | 19% |
WBTN
| Other | $158.3M | 48% |
| KR | $125.7M | 38% |
| IP Adaptations | $25.4M | 8% |
| Related Party | $21.3M | 6% |
