Wireless services account for 75% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier.
It is a $174B communication services company. Revenue grew 1.4% over the last year, it keeps 12¢ of every dollar of sales as profit, and its net debt equals ~3.1 years of free cash flow. It trades at 10.6× earnings — in the most expensive third of its own history.
- Website
- verizon.com
- Location
- New York, NY
- Employees
- 89 900
- Sector
- Communication Services
- Founded
- 1984
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Growth and Health lag behind.
Valuation80
- P/E vs own history67th pct · 5/25
- FCF yield22.3% · 25/25
- P/S1.2x · 25/25
- EV/EBITDA7.0x · 25/25
Growth26
- Revenue CAGR0.8% · 6/25
- Net income CAGR-6.1% · 0/25
- EPS CAGR ~5Y-1.1% · 0/25
- Fwd implied growth18.4% · 20/25
Profitability65
- ROIC7.6% · 5/25
- ROE15.5% · 20/25
- Net margin11.6% · 20/25
- Operating margin20.6% · 20/25
Health22
- Altman Zn/a · 0/25
- Current ratio0.60 · 0/25
- Interest coverage4.6x · 10/25
- Net cash / debtD/A 30% · 12/25
Quality55
- Piotroski F4/9 · 10/25
- Beneish M-2.38 · 20/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 1.8% · 25/25
Moat74
- ROIC >12% years4/10 yrs · 6/25
- Median gross margin58.7% · 25/25
- FCF-positive years3/3 yrs · 25/25
- Worst-year net marginworst 8.7% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2017FinancialBest year on record$30.1B net income
- 2017AcquisitionAcquired Yahoo$4.5B — later written off; the media detour
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $100B$126B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2015AcquisitionAmerican Tower Corp. acquired the exclusive right to lease, acquire or otherwise operate and manage many of…
- Feb 21, 2014MilestoneThe deal closed on February 21, 2014, and became the third largest corporate deal ever signed, giving Verizon…
- 2013AcquisitionBought out Vodafone's stake$130B for full control of Verizon Wireless — among the largest deals ever
- 2011AcquisitionVerizon acquired Terremark, an information technology services company, for $1.4 billion in early 2011
- 2009AcquisitionThe company spun off wirelines in Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina,…
- 2008AcquisitionVerizon acquired Rural Cellular Corp. for $2.7 billion in cash and assumed debt in 2008
- 2005AcquisitionIt sold 700,000 lines in Hawaii in 2005, and spun off lines in Maine, New Hampshire and Vermont in January 2007
- 2000AcquisitionBell Atlantic became Verizon Communications in June 2000, when the FCC approved the merger with telephone company…
- Jun 30, 2000MilestoneVerizon formedBell Atlantic merges with GTE — the new name launches
- Jan 1, 1984FoundedBell Atlantic born in the breakupone of the seven Baby Bells from the AT&T split
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (59.4%)
- Strong cash conversion — FCF is 27.9% of revenue
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+1.4% YoY
- Profitable — makes more than it spends$16.2B TTM
- Profit growing — earnings are higher than last year-7.1% YoY
- Generates cash — cash left after running and investing$38.8B TTM
- Debt under control — could handle its obligations~3.1y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$174B market cap
- Not printing shares — share count not ballooning — you keep your slice+2.1% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 10/100
- Pays a dividend — returns cash to shareholdersyield 6.81%
- Valuation not extreme — price not wildly above earningsP/E 10.6
Peer comparisonVerizon Communications vs 6 largest communication services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| VZ this company | $173.7B | 10.6 | +1.4% | 11.6% | Strained |
| TMUS T-Mobile US, Inc. | $159.6B | 15.1 | +9.7% | 11.5% | Strained |
| T AT&T Inc. | $152.3B | 7.1 | +2.6% | 16.9% | Strained |
| WBD Warner Bros. Discovery, Inc. Series A | $77.6B | 106.6 | -6.1% | -8.8% | Strained |
| CMCSA Comcast Corp | $73.4B | 6.5 | +0.6% | 9.0% | Strained |
| ECHO EchoStar Corporation | $27.7B | — | -5.2% | -38.7% | Mixed |
| FOXA Fox Corporation | $26.3B | 14.8 | +5.1% | 9.8% | Mixed |
Head-to-head: VZ vs TMUS · VZ vs T · VZ vs WBD
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/VZ
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of VZ on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $41.82 · market cap $174B.