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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. VZ Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Verizon Communications (VZ)

Market Price (9/16/2025): $43.91 | Market Cap: $185.5 Bil
Sector: Communication Services | Industry: Integrated Telecommunication Services

Verizon Communications (VZ)

Market Price (9/16/2025): $43.91
Market Cap: $185.5 Bil
Sector: Communication Services
Industry: Integrated Telecommunication Services

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 6.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 11%		 Trading close to highs
Dist 52W High is -2.6%, Dist 3Y High is -2.6%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 90%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 37 Bil, FCF LTM is 20 Bil		 Weak multi-year price returns
3Y Excs Rtn is -35%		 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%
2 Low stock price volatility
Vol 12M is 21%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 6.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 11%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 37 Bil, FCF LTM is 20 Bil
2 Low stock price volatility
Vol 12M is 21%
3 Trading close to highs
Dist 52W High is -2.6%, Dist 3Y High is -2.6%
4 Weak multi-year price returns
3Y Excs Rtn is -35%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 90%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%

Market Valuation

 9/16/252024202320222021
Share Price CYE$43.91$38.06$33.64$32.75$40.95
Market Cap CYE ($ Bil)185.5160.6141.9137.7170.7
Total Debt ($ Bil)169.9168.4174.9176.3177.9
Total Cash ($ Bil)3.44.22.12.62.9
Enterprise Value ($ Bil)351.9329.0316.8314.0348.6
Valuation Ratios     
P/S TTM1.41.21.21.21.6
P/EBIT TTM6.15.77.05.26.5
P/E TTM10.29.613.77.89.8
Sector Ratios     
P/S TTM (Sector)1.21.01.11.22.0
P/EBIT TTM (Sector)1.10.8-0.11.13.2
P/E TTM (Sector)-0.6-0.6-0.6-0.31.7
 9/16/2520242023
Share Price CYE$43.91$38.06$33.64
Market Cap CYE ($ Bil)185.5160.6141.9
Total Debt ($ Bil)169.9168.4174.9
Total Cash ($ Bil)3.44.22.1
Enterprise Value ($ Bil)351.9329.0316.8
Valuation Ratios   
P/S TTM1.41.21.2
P/EBIT TTM6.15.77.0
P/E TTM10.29.613.7
Sector Ratios   
P/S TTM (Sector)1.21.01.1
P/EBIT TTM (Sector)1.10.8-0.1
P/E TTM (Sector)-0.6-0.6-0.6

Market Cap Chart

Business Description

Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
VZ Return-0%-8%-20%3%13%15%-1%
Peers Return-4%4%-22%-7%54%11%23%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CMCSA, FYBR, LUMN, T, VZ. See VZ Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Interactive Breakdown

Verizon Communications Interactive Breakdown Analysis

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Verizon Communications Earnings Notes  
2VZ Delivers $102 Bil to Shareholders Over the Last 10 Years  
3Verizon Communications vs Interactive Brokers: Which Is A Better Investment?Counter-Intuitive Comparisons 
4Verizon Communications vs Nexstar Media: Which Is A Better Investment?Counter-Intuitive Comparisons 
5How Does VZ Stack Up Against Its Peers?Peer Comparison 
6Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From UAL, IBKR   
7Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From Sector Peers GOOG, EEX, CHTR Better Bets 
8Verizon Communications vs. Frontier Communications Parent: Neither Seems Like A Good BetPeer Comparison 
9Verizon Communications vs. Lumen Technologies: Neither Seems Like A Good BetPeer Comparison 
10Verizon Communications vs. Comcast: With Return Forecast Of 10%, Comcast Is A Better BetPeer Comparison 
11ARTICLES  
12A Decade of Rewards: VZ Returns $102 Bil to Investors August 23rd, 2025
13S&P 500 Movers | Winners: VZ, HSY, ROST | Losers: EQT, EXE, CTRA July 22nd, 2025
14How Will Verizon Communications Stock React To Its Upcoming Earnings? July 18th, 2025
15Is Verizon’s Acquisition Of Frontier A Good Idea? September 5th, 2024
16Can Verizon Stock Gain 50% To $59 As 5G Buildout Winds Down? June 17th, 2024
Title
0DASHBOARDS
1A Decade of Rewards: VZ Returns $102 Bil to Investors
2S&P 500 Movers | Winners: VZ, HSY, ROST | Losers: EQT, EXE, CTRA
3How Will Verizon Communications Stock React To Its Upcoming Earnings?
4Is Verizon’s Acquisition Of Frontier A Good Idea?
5Can Verizon Stock Gain 50% To $59 As 5G Buildout Winds Down?
6ARTICLES
7Verizon Communications Earnings Notes
8VZ Delivers $102 Bil to Shareholders Over the Last 10 Years
9Verizon Communications vs Interactive Brokers: Which Is A Better Investment?
10Verizon Communications vs Nexstar Media: Which Is A Better Investment?
11How Does VZ Stack Up Against Its Peers?
12Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From UAL, IBKR 
13Better Bet Than VZ Stock: Pay Less Than Verizon Communications To Get More From Sector Peers GOOG, EEX, CHTR 
14Verizon Communications vs. Frontier Communications Parent: Neither Seems Like A Good Bet
15Verizon Communications vs. Lumen Technologies: Neither Seems Like A Good Bet
16Verizon Communications vs. Comcast: With Return Forecast Of 10%, Comcast Is A Better Bet

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1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1NXTTNext Technology18985.5%1080.3%
2BDSXBiodesix1658.4%-75.2%
3VCIGVCI Global1460.0%-66.8%
4CLSDClearside Biomedical1075.2%-72.3%
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10CWDCaliberCos246.5%-46.7%

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1DGNXDiginex-83.7% 
2ATYRaTyr Pharma-81.4%-72.0%
3LGCLLucas GC-73.2%-78.3%
4NAKAKindly MD-72.8% 
5OCTOEightco-67.8%562.1%
6YYGHYY-67.0%-78.2%
7SNTGSentage-58.1%57.5%
8REXREX American Resources-50.7%-26.7%
9BINIBollinger Innovations-49.2%-100.0%
10SLXNSilexion Therapeutics-49.2%-88.0%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Verizon Communications

Financials

VZCMCSAFYBRLUMNTMedian
NameVerizon .Comcast Frontier.Lumen Te.AT&T  
Mkt Price43.8732.6237.425.8529.6232.62
Mkt Cap185.3122.99.45.8213.5122.9
Rev LTM137,000123,5595,97812,824123,984123,559
Op Inc LTM29,49723,14740841224,63723,147
FCF LTM19,60713,424-1,18593819,62413,424
FCF 3Y Avg15,30212,937-1,54714419,61412,937
CFO LTM37,10028,1191,9084,38540,94328,119
CFO 3Y Avg36,87327,8751,5353,37438,76027,875

Growth & Margins

VZCMCSAFYBRLUMNTMedian
NameVerizon .Comcast Frontier.Lumen Te.AT&T  
Rev Chg LTM2.1%1.3%4.1%-6.5%1.5%1.5%
Rev Chg 3Y Avg0.7%0.9%--12.2%0.6%0.6%
Rev Chg Q5.2%-0.6%3.8%-5.4%3.5%3.5%
QoQ Delta Rev Chg LTM1.3%-0.1%0.9%-1.4%0.9%0.9%
Op Mgn LTM21.5%18.7%6.8%3.2%19.9%18.7%
Op Mgn 3Y Avg21.8%19.0%8.8%7.1%19.9%19.0%
QoQ Delta Op Mgn LTM-0.0%-0.1%-1.0%-0.8%0.0%-0.1%
CFO/Rev LTM27.1%22.8%31.9%34.2%33.0%31.9%
CFO/Rev 3Y Avg27.2%22.9%26.4%24.6%31.6%26.4%
FCF/Rev LTM14.3%10.9%-19.8%7.3%15.8%10.9%
FCF/Rev 3Y Avg11.3%10.6%-26.8%1.4%16.0%10.6%

Valuation

VZCMCSAFYBRLUMNTMedian
NameVerizon .Comcast Frontier.Lumen Te.AT&T  
Mkt Cap185.3122.99.45.8213.5122.9
P/S1.41.01.60.51.71.4
P/EBIT6.15.525.2-19.98.46.1
P/E10.27.8-24.2-4.916.77.8
P/CFO5.04.44.91.35.24.9
Total Yield15.9%16.7%-4.1%-20.2%6.9%6.9%
Dividend Yield6.1%3.9%0.0%0.0%1.0%1.0%
FCF Yield 3Y Avg8.9%8.5%-27.6%1.9%13.5%8.5%
D/E0.90.81.33.10.70.9
Net D/E0.90.71.22.90.70.9

Returns

VZCMCSAFYBRLUMNTMedian
NameVerizon .Comcast Frontier.Lumen Te.AT&T  
1M Rtn-0.8%-2.5%0.8%32.1%2.6%0.8%
3M Rtn4.9%-6.2%3.3%43.7%7.0%4.9%
6M Rtn3.8%-7.1%4.6%15.4%12.7%4.6%
12M Rtn5.4%-14.7%2.7%-3.9%43.3%2.7%
3Y Rtn30.1%3.8%54.2%-33.5%110.9%30.1%
1M Excs Rtn-1.4%-3.1%-1.4%32.5%0.8%-1.4%
3M Excs Rtn-7.0%-16.7%-7.0%34.1%-4.6%-7.0%
6M Excs Rtn-13.4%-23.6%-12.9%2.8%-3.6%-12.9%
12M Excs Rtn-12.2%-31.9%-15.2%-11.6%25.5%-12.2%
3Y Excs Rtn-35.2%-60.9%-26.5%-104.6%45.4%-35.2%

Comparison Analyses

Title
0How Does VZ Stack Up Against Its Peers?
1Verizon Communications vs. Frontier Communications Parent: Neither Seems Like A Good Bet
2Verizon Communications vs. Lumen Technologies: Neither Seems Like A Good Bet
3Verizon Communications vs. Comcast: With Return Forecast Of 10%, Comcast Is A Better Bet
4Verizon Communications vs. UnitedHealth: With Return Forecast Of 27%, UnitedHealth Is A Better Bet
5Verizon Communications vs. Walmart: Neither Seems Like A Good Bet
6Verizon Communications vs. Palantir Technologies: With Return Forecast Of 14%, Palantir Technologies Is A Better Bet
7Verizon Communications vs. PepsiCo: With Return Forecast Of 12%, PepsiCo Is A Better Bet
8Verizon Communications vs. GE Aerospace: With Return Forecast Of 1.3%, Verizon Communications Is A Better Bet
9Verizon Communications vs. Home Depot: Neither Seems Like A Good Bet

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/25/20254/25/20252/12/202510/25/20247/25/20244/25/20242/9/202410/26/20237/28/20234/27/20232/10/202310/25/2022
Key Financials Quarterly            
Total Revenue34,50433,48535,68133,33032,79632,98135,13033,33632,59632,91235,25134,241
Ebitda12,88312,68212,71810,43212,21512,1554,29812,05611,75612,02514,13411,781
Operating Income8,1727,9787,4215,9267,8187,5216,4417,4737,2207,5847,2257,894
Net Income5,0034,8795,0053,3064,5934,602-2,7054,7624,6484,9096,5774,900
EPS1.181.161.190.781.091.09-0.641.131.101.171.561.17
Key Financials TTM            
Total Revenue TTM137,000135,292134,788134,237134,243134,043133,974134,095135,000136,193136,835135,651
Ebitda TTM48,71548,04747,52039,10040,72440,26540,13549,97149,69649,90348,98345,783
Operating Income TTM29,49729,14328,68627,70629,25328,65528,71829,50229,92330,25530,46730,850
Net Income TTM18,19317,78317,5069,79611,25211,30711,61420,89621,03421,58521,25619,292
Growth Rates Quarterly            
Total Revenue Growth5.2%1.5%1.6%-0.0%0.6%0.2%-0.3%-2.6%-3.5%-1.9%3.5%4.0%
EBITDA Growth5.5%4.3%195.9%-13.5%3.9%1.1%-69.6%2.3%-1.7%8.3%29.3%-10.3%
Operating Income Growth4.5%6.1%15.2%-20.7%8.3%-0.8%-10.9%-5.3%-4.4%-2.7%-5.0%-11.4%
Net Income Growth8.9%6.0%285.0%-30.6%-1.2%-6.3%-141.1%-2.8%-10.6%7.2%42.6%-23.5%
Margins Quarterly            
EBITDA Margin37.3%37.9%35.6%31.3%37.2%36.9%12.2%36.2%36.1%36.5%40.1%34.4%
Operating Income Margin23.7%23.8%20.8%17.8%23.8%22.8%18.3%22.4%22.1%23.0%20.5%23.1%
Net Income Margin14.5%14.6%14.0%9.9%14.0%14.0%-7.7%14.3%14.3%14.9%18.7%14.3%
Cash & Debt            
Total Cash3,4352,2574,1944,9872,4322,3652,0654,2104,8032,2342,6052,082
Total Debt169,891167,714168,357174,200172,980175,634174,942172,070177,654178,333176,331174,043
Net Debt / (Cash)166,456165,457164,163169,213170,548173,269172,877167,860172,851176,099173,726171,961
Cash Flows Quarterly            
FCF from Operations8,9757,78210,4329,9119,4857,0848,67710,7789,7318,2898,94210,534
Cash Flows TTM            
FCF from Operations TTM37,10037,61036,91235,15736,02436,27037,47537,74037,49638,60937,14136,576
Returns to Shareholders Quarterly            
Dividends2,8562,8562,8502,8012,8022,7962,7942,7442,7432,7442,7392,688
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC14.6%14.3%13.5%10.7%13.8%13.0%14.4%13.6%12.7%13.0%12.3%13.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM13.3%13.2%13.1%11.1%11.8%11.4%11.5%13.2%13.0%12.9%13.1%13.5%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Consumer101,626103,50695,30088,53391,056
Business30,12231,07231,04230,96231,443
Corporate and other2,4792,5107,7229,3349,812
Eliminations-253-253-451-537-443
Total133,974136,835133,613128,292131,868


Operating Income by Segment
$ Mil20242023202220212020
Consumer29,01128,84629,95528,85628,961
Business2,0662,6313,4373,7733,762
Legacy legal matter000  
Legal settlement-1000   
Business transformation costs-17600  
Non-strategic business shutdown-17900  
Other components of net periodic pension and benefit charges-248-387-769-817-813
Asset and business rationalization-4800   
Severance charges-533-304-209-221-204
Corporate and other-643-319-449-1,472-1,403
Verizon Business Group goodwill impairment-5,84100  
Asset rationalization  0  
Loss on spectrum licenses  -223-1,195 
Net gain from disposition of business  706-126261
Impairment charges    -186
Total22,87730,46732,44828,79830,378


Price Behavior

VZ Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta-0.33-0.290.060.130.070.26
Up Beta-0.34-0.66-0.150.070.070.24
Down Beta0.30-0.120.110.200.050.23
Up Capture-19%3%15%14%10%8%
Bmk +ve Days10223571142415
Stock +ve Days13203063127391
Down Capture-101%-41%8%12%5%52%
Bmk -ve Days11192754106334
Stock -ve Days8213261120351

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity89,688,125
Short Interest: % Change Since 81520254.2%
Average Daily Volume15,864,050
Days-to-Cover Short Interest5.65
Basic Shares Quantity4,224,000,000
Short % of Basic Shares2.1%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/21/20254.0%5.5%8.7%
4/22/20250.6%-1.3%3.0%
1/24/20250.9%0.7%10.6%
10/22/2024-5.0%-4.8%-4.1%
7/22/2024-6.1%-3.7%-2.1%
4/22/2024-4.7%-2.0%-0.9%
1/23/20246.7%6.2%3.8%
10/24/20239.3%10.3%18.7%
...
SUMMARY STATS   
# Positive121210
# Negative131315
Median Positive1.4%2.0%5.1%
Median Negative-3.2%-2.2%-2.3%
Max Positive9.3%10.3%18.7%
Max Negative-6.7%-12.0%-10.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025725202510-Q 6/30/2025
3312025425202510-Q 3/31/2025
12312024212202510-K 12/31/2024
93020241025202410-Q 9/30/2024
6302024725202410-Q 6/30/2024
3312024425202410-Q 3/31/2024
12312023209202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023728202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022210202310-K 12/31/2022
93020221025202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022427202210-Q 3/31/2022
12312021211202210-K 12/31/2021
93020211026202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Malady KyleEVP and Group CEO-VZ Business5092025Sell43.819,701425,00113,450Form
1Malady KyleEVP and Group CEO-VZ Business5082025Sell44.109,000396,900441,353Form
2Malady KyleEVP and Group CEO-VZ Business5012025Sell43.887,500329,062833,976Form
3Malady KyleEVP and Group CEO-VZ Business4252025Sell43.0210,000430,2401,140,480Form
4Malady KyleEVP and Group CEO-VZ Business4242025Sell42.485,000212,4251,551,042Form

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