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Largest US wireless carrier by revenue, also providing fiber broadband (Fios) and business network/communications services.
Largest US wireless carrier by revenue, also providing fiber broadband (Fios) and business network/communications services.
Collects monthly service fees from wireless and Fios customers, so revenue recurs and is driven by subscriber numbers and plan mix, while selling phones at thin margins. It agreed to buy Frontier Communications to extend its fiber footprint.
Moat: wide (scale, regulatory licence, installed base). Spectrum licences and a nationwide network are extremely capital-intensive to replicate.
Headquarters: New York, New York, USA · Founded: 1983 · Employees: 89,900
Size Verizon (VZ) is a United States Communication Services company (Wireless Telecommunications) with a market value of $189B, the 63rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $45.69 on 6 Nov 2026.
Performance Over six months the shares fell 3.2%, against -5.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 8 in its peer set.
Growth Revenue grew 1.4% over the last twelve months (peer median +8.6%); the operating margin is 23.9% (peer median 21.7%).
Valuation It trades at 8.8× forward earnings against a peer median of 13.5× (2nd cheapest of 8).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.1 points above its cost of capital (5.9% WACC).
Credit Verizon has 101 bonds outstanding ($115B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 116 bp.
Short interest Short interest is 2.0% of the free float (15 Oct 2026).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $139B | $138B | $135B | $134B | $137B |
| Revenue growth | — | +3% | +1% | -2% | — |
| Gross profit | $63.8B | $63.3B | $62.8B | $61.5B | $60.6B |
| EBITDA | $52.8B | $50.0B | $48.5B | $46.5B | $47.6B |
| Net income | $16.4B | $17.2B | $17.5B | $11.6B | $21.3B |
| Free cash flow | $22.4B | $20.1B | $19.8B | $18.7B | $14.1B |
| Capital expenditure | $21.2B | $17.5B | $18.0B | $24.6B | $26.7B |
| Total debt | $189B | $182B | $168B | $175B | $176B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Verizon VZ | $189B | -3% | +1% | 24% | 8.8× | -7.2% |
| T-Mobile US TMUS | $172B | -16% | +9% | 22% | 12.0× | -3.0% |
| AT&T T | $146B | -14% | +4% | 22% | 8.5× | -4.8% |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 7.2× | -6.4% |
| Charter Communications CHTR | $20.8B | -24% | -2% | 24% | 3.1× | -8.5% |
| Lumen Technologies LUMN | $4.12B | -59% | -8% | -3% | n/a | 5.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.4% | -1.7% | 4th highest of 8 |
| 6-month return | -3.2% | -5.5% | 4th highest of 8 |
| Distance from 52-week high | -11.6% | -9.6% | 4th lowest of 8 |
| Revenue growth (TTM) | +1.4% | +8.6% | 2nd lowest of 9 |
| Operating margin | 23.9% | 21.7% | 3rd highest of 9 |
| Forward P/E | 8.8× | 13.5× | 2nd cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | -7.2% | -2.2% | 3rd least demanding of 9 |
| Growth delivered (Del g) | +1.5% | +5.2% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | -8.7 pp | -3.5 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +3.1 pp | +1.8 pp | 4th highest of 9 |
| EV / EBITDA | 7.1× | 8.6× | 3rd cheapest of 8 |
| Net debt / EBITDA | 3.5× | 2.5× | most indebted of 8 |
| Bond spread | 116 bp | 111 bp | 3rd widest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Verizon VZ | United States | $189B | -3% | +1% | 24% | 8.8× | -7.2% | +1.5% |
| T-Mobile US TMUS | United States | $172B | -16% | +9% | 22% | 12.0× | -3.0% | +5.2% |
| AT&T T | United States | $146B | -14% | +4% | 22% | 8.5× | -4.8% | -6.1% |
| Bharti Airtel BHARTIARTL.NS | India | $139B | +15% | +20% | 32% | 33.3× | 20.4% | +16.0% |
| Jio Platforms JPL.NS | India | $137B | n/a | +15% | 32% | n/a | 28.0% | +14.6% |
| China Telecom 0728.HK | Hong Kong | $89.4B | -14% | +1% | 6% | 12.3× | -17.0% | +5.1% |
| America Movil SAB de CV Sponsored ADR AMX | United States | $78.5B | -5% | +16% | 22% | 13.5× | -7.3% | +4.7% |
| Softbank 9434.T | Japan | $71.3B | +6% | +8% | 14% | 18.5× | 3.4% | +6.2% |
| Kddi 9433.T | Japan | $66.4B | +10% | +4% | 18% | 14.2× | -1.4% | +2.7% |
Verizon has 101 bonds outstanding with $115B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 5.71%, a spread of 116 bp over government bonds.