Verizon
VZ NYSE· Integrated Telecommunication Services
Last close · Oct 26, 2026
$43.10
KIRA · Stoqly’s AI analyst, in plain words
- Verizon had $138.2B of revenue in fiscal 2025, up 2.5% on the year before. Over five years, revenue changed +1.5% a year on average.
- Its operating margin was 21.2%, down 0.1 pts: of every 100 in sales, about 21 is left after running the business.
- Verizon made $17.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 2.6% a year.
- Free cash flow was $20.1B in fiscal 2025, 14.6% of revenue.
- Verizon returned $11.5B to shareholders in fiscal 2025, 57% of free cash flow. The diluted share count rose 0.2%.
- Verizon owes $139.1B more than it holds in cash, about 2.9 years of operating profit.
Market cap
$179.8B
P/E
11.2x
Revenue
$138.2B
Net income
$17.2B
Free cash flow
$20.1B
Operating margin
21.2%
Verizon in 30 seconds · fiscal 2025
Are sales growing?
+2.5%
Only a little. Sales grew 2.5% last year.
Does it make a profit?
12.4%
Yes. It keeps 12.4% of every sale as profit.
Does profit turn into cash?
14.6%
Yes. 14.6% of sales ends up as free cash.
Is debt under control?
2.9x
Keep an eye on it. Repaying its debt would take 2.9 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
11.2x
One share costs 11.2 times its yearly profit per share. Typical for its sector: 17.3x.
What Verizon does
Verizon sells wireless phone service, home and business internet, and related services in the United States under the Verizon family of brands. Customers buy service postpaid (billed monthly, a month in advance) or prepaid. It also sells phones, tablets and other devices, and lets consumers pay for them in installments. Through fixed wireless access (FWA), it delivers home and business internet over its 5G and 4G LTE wireless networks instead of cables. Verizon reports two segments. The Consumer segment had revenue of $106.8 billion in 2025, about 77% of the total, and about 116 million wireless retail connections, including FWA. The Business segment, which serves companies, governments, schools and other carriers, had revenue of $29.1 billion, about 21%. Verizon names AT&T and T-Mobile US as national wireless competitors, and says cable companies such as Comcast and Charter also resell wireless service. In broadband it competes with cable companies, satellite providers and others.
Biggest risks, in its own words
- Intense competition, including aggressive pricing and promotions, some of it aimed directly at Verizon's customers.
- Failing to keep up with new technology and changing demand, or to phase out old, unprofitable services at a reasonable cost.
- Network failures and disruptions that keep it from giving customers reliable service.
- Claims about lead-sheathed copper cables in its older network, which could bring lawsuits, penalties and removal costs.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 17, 2026
- Legal name
- VERIZON COMMUNICATIONS INC
- CIK
- 0000732712
Verizon · VZ
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $133.6B | $136.8B | $134.0B | $134.8B | $138.2B |
| Revenue growth | 4.2% | 2.4% | −2.1% | 0.6% | 2.5% |
| Operating margin | 24.3% | 22.3% | 17.1% | 21.3% | 21.2% |
| Net income | $22.1B | $21.3B | $11.6B | $17.5B | $17.2B |
| Net margin | 16.5% | 15.5% | 8.7% | 13.0% | 12.4% |
| Diluted EPS | $5.32 | $5.06 | $2.75 | $4.14 | $4.06 |
| Cash | |||||
| Cash from operations | $39.5B | $37.1B | $37.5B | $36.9B | $37.1B |
| Capital expenditure | $20.3B | $23.1B | $18.8B | $17.1B | $17.0B |
| Free cash flow | $19.3B | $14.1B | $18.7B | $19.8B | $20.1B |
| FCF margin | 14.4% | 10.3% | 14.0% | 14.7% | 14.6% |
| Dividends paid | $10.4B | $10.8B | $11.0B | $11.2B | $11.5B |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 0.2% | 1.3% | 0.3% | 0.2% | 0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $2.9B | $2.6B | $2.1B | $4.2B | $19.0B |
| Debt incl. finance leases | $150.9B | $150.6B | $150.7B | $144.0B | $158.2B |
| Shareholders' equity | $83.2B | $92.5B | $93.8B | $100.6B | $105.7B |
| Net debt / EBITDA | 3.0x | 3.1x | 3.7x | 3.0x | 2.9x |
| Current ratio | 0.8x | 0.8x | 0.7x | 0.6x | 0.9x |
| Interest coverage | 9.3x | 8.4x | 4.1x | 4.3x | 4.4x |
| Returns and quality | |||||
| Return on capital | 12.3% | 9.9% | 6.8% | 9.3% | 9.4% |
| Return on equity | 28.9% | 24.2% | 12.5% | 18.0% | 16.7% |
| Piotroski F-score | 4 | 4 | 4 | 6 | 5 |
| Altman Z'' | 1.4 | 1.4 | 1.2 | 1.2 | 1.5 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$15.4M
5 insiders
Of sales under plans
6%
$1.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Verizon · VZ
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Verizon VZ | $179.8B | 2.5% | 21.2% | 14.6% | 9.4% | 11.2x | 5 |
| AT&T T | $142.7B | 2.7% | 19.2% | 15.5% | 8.7% | 11.3x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $43.10 a share, the company is worth $179.8B: 11.2 times its earnings of the last four quarters.
Verizon grew sales faster than 0 of its 1 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000732712). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.