Our annual ranking of America's largest corporations

7 of 500
7. AT&T
Rank: 7 (Previous rank: 8)
CEO: Randall L. Stephenson
Compare tool: AT&T vs. Top 10
Ahh, the glamorous life of AT&T: best friends with Steve Jobs, exclusive rights to the iPhone (for now) and carrier of choice on the iPad. So why, with everything going for it, did the stock miss a huge rally? In the year ending April 1, Apple soared 109% and the S&P 500 rose 41%. AT&T? Down 2%.

The problem is growth, or lack thereof: little in its saturated wireless business and a decline in landlines, which still accounts for 25% of sales. Unless its high-speed Internet business takes off or the iPad drives new wireless growth, the beatings by Wall Street will continue. --Michael Copeland

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Key financials $ millions % change
from 2008
Revenues 123,018.0 -0.8
Profits 12,535.0 -2.6
Assets 268,752.0
Stockholders' equity 101,900.0
Market value (3/26/2010) 154,870.4
Profits as % of  
Revenues 10.2
Assets 4.7
Stockholders' equity 12.3
Earnings per share  
2009 $ 2.12
% change from 2008 -1.9
1999-2009 annual growth rate % -1.1
Total return to investors %
2009 4.8
1999-2009 annual rate -1.6
Rank Company 500
($ millions)
1 AT&T 7 123,018.0
2 Verizon Communications 13 107,808.0
3 Comcast 59 35,756.0
4 Sprint Nextel 67 32,260.0
5 DirecTV Group 116 21,565.0
6 Time Warner Cable 131 17,868.0
7 Qwest Communications 188 12,311.0
8 DISH Network 200 11,664.2
9 Liberty Global 210 11,110.4
10 Cablevision Systems 292 7,773.3
11 Charter Communications 332 6,755.0
12 Virgin Media 359 6,013.6
13 Telephone & Data Systems 416 5,020.7
14 CenturyTel 423 4,974.2
15 NII Holdings 468 4,397.6
Issue date: May 3, 2010.
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Rank # of Fortune 500 Companies
California 57
Texas 57
New York 56
Company 2009 $ (millions)
Exxon Mobil $19,280.0
Microsoft $14,569.0
Wal-Mart Stores $14,335.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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