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Verizon Communications (VZ) Financials

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$44.32 +0.59 (+1.35%)
As of 04/14/2025 03:59 PM Eastern
Annual Income Statements for Verizon Communications

Annual Income Statements for Verizon Communications

This table shows Verizon Communications' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
17,879 13,127 30,101 15,528 19,265 17,801 22,065 21,256 11,614 17,506
Consolidated Net Income / (Loss)
18,375 13,608 30,550 16,039 19,788 18,348 22,618 21,748 12,095 17,949
Net Income / (Loss) Continuing Operations
18,375 13,608 30,550 16,039 19,788 18,348 22,618 21,748 12,095 17,949
Total Pre-Tax Income
28,240 20,986 20,594 19,623 22,733 23,967 29,420 28,271 16,987 22,979
Total Operating Income
33,060 29,249 27,425 22,278 30,378 28,798 32,448 30,467 22,877 28,686
Total Gross Profit
79,063 73,279 72,971 75,355 77,142 77,091 77,312 77,702 79,087 80,691
Total Revenue
131,620 125,980 126,034 130,863 131,868 128,292 133,613 136,835 133,974 134,788
Total Cost of Revenue
52,557 52,701 53,063 55,508 54,726 51,201 56,301 59,133 54,887 54,097
Operating Cost of Revenue
52,557 52,701 53,063 55,508 54,726 51,201 56,301 59,133 54,887 54,097
Total Operating Expenses
46,003 44,030 45,546 53,077 46,764 48,293 44,864 47,235 56,210 52,005
Selling, General & Admin Expense
29,986 28,102 28,592 31,083 29,896 31,573 28,658 30,136 32,745 34,113
Depreciation Expense
16,017 15,928 16,954 17,403 16,682 16,720 16,206 17,099 17,624 17,892
Impairment Charge
- 0.00 0.00 4,591 186 - 0.00 0.00 5,841 0.00
Total Other Income / (Expense), net
-4,820 -8,263 -6,831 -2,655 -7,645 -4,831 -3,028 -2,196 -5,890 -5,707
Interest Expense
4,920 4,376 4,733 4,833 4,730 4,247 3,485 3,613 5,524 6,649
Interest & Investment Income
-86 -98 -77 -186 -15 -45 145 44 -53 -53
Other Income / (Expense), net
186 -3,789 -2,021 2,364 -2,900 -539 312 1,373 -313 995
Income Tax Expense
9,865 7,378 -9,956 3,584 2,945 5,619 6,802 6,523 4,892 5,030
Net Income / (Loss) Attributable to Noncontrolling Interest
496 481 449 511 523 547 553 492 481 443
Basic Earnings per Share
$4.38 $3.22 $7.37 $3.76 $4.66 $4.30 $5.32 $5.06 $2.76 $4.15
Weighted Average Basic Shares Outstanding
4.09B 4.08B 4.08B 4.13B 4.14B 4.14B 4.15B 4.20B 4.21B 4.22B
Diluted Earnings per Share
$4.37 $3.21 $7.36 $3.76 $4.65 $4.30 $5.32 $5.06 $2.75 $4.14
Weighted Average Diluted Shares Outstanding
4.09B 4.09B 4.09B 4.13B 4.14B 4.14B 4.15B 4.20B 4.22B 4.22B
Weighted Average Basic & Diluted Shares Outstanding
4.08B 4.08B 4.08B 4.13B 4.14B 4.14B 4.20B 4.20B 4.20B 4.21B
Cash Dividends to Common per Share
$2.23 $2.29 $2.34 $2.39 $2.44 $2.49 $2.54 $2.59 $2.64 $2.69

Quarterly Income Statements for Verizon Communications

This table shows Verizon Communications' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
4,900 6,577 4,909 4,648 4,762 -2,705 4,602 4,593 3,306 5,005
Consolidated Net Income / (Loss)
5,024 6,698 5,018 4,766 4,884 -2,573 4,722 4,702 3,411 5,114
Net Income / (Loss) Continuing Operations
5,024 6,698 5,018 4,766 4,884 -2,573 4,722 4,702 3,411 5,114
Total Pre-Tax Income
6,520 8,811 6,500 6,112 6,192 -1,817 6,075 6,034 4,302 6,568
Total Operating Income
7,894 7,225 7,584 7,220 7,473 600 7,521 7,818 5,926 7,421
Total Gross Profit
19,640 19,489 19,408 19,832 19,899 19,948 20,109 20,325 20,090 20,167
Total Revenue
34,241 35,251 32,912 32,596 33,336 35,130 32,981 32,796 33,330 35,681
Total Cost of Revenue
14,601 15,762 13,504 12,764 13,437 15,182 12,872 12,471 13,240 15,514
Operating Cost of Revenue
14,601 15,762 13,504 12,764 13,437 15,182 12,872 12,471 13,240 15,514
Total Operating Expenses
11,746 12,264 11,824 12,612 12,426 19,348 12,588 12,507 14,164 12,746
Selling, General & Admin Expense
7,422 8,046 7,506 8,253 7,995 8,991 8,143 8,024 9,706 8,240
Depreciation Expense
4,324 4,218 4,318 4,359 4,431 4,516 4,445 4,483 4,458 4,506
Total Other Income / (Expense), net
-1,374 1,586 -1,084 -1,108 -1,281 -2,417 -1,446 -1,784 -1,624 -853
Interest Expense
937 1,105 1,207 1,285 1,433 1,599 1,635 1,698 1,672 1,644
Interest & Investment Income
2.00 4.00 9.00 -33 -18 -11 -9.00 -14 -24 -6.00
Other Income / (Expense), net
-439 2,687 114 210 170 -807 198 -72 72 797
Income Tax Expense
1,496 2,113 1,482 1,346 1,308 756 1,353 1,332 891 1,454
Net Income / (Loss) Attributable to Noncontrolling Interest
124 121 109 118 122 132 120 109 105 109
Basic Earnings per Share
$1.17 $1.56 $1.17 $1.10 $1.13 ($0.64) $1.09 $1.09 $0.78 $1.19
Weighted Average Basic Shares Outstanding
4.20B 4.20B 4.21B 4.21B 4.21B 4.21B 4.22B 4.22B 4.22B 4.22B
Diluted Earnings per Share
$1.17 $1.56 $1.17 $1.10 $1.13 ($0.65) $1.09 $1.09 $0.78 $1.18
Weighted Average Diluted Shares Outstanding
4.20B 4.20B 4.21B 4.21B 4.22B 4.22B 4.22B 4.22B 4.23B 4.22B
Weighted Average Basic & Diluted Shares Outstanding
4.20B 4.20B 4.20B 4.20B 4.20B 4.20B 4.21B 4.21B 4.21B 4.21B
Cash Dividends to Common per Share
$0.65 $0.65 $0.65 $0.65 $0.67 $0.67 $0.67 $0.67 $0.68 $0.68

Annual Cash Flow Statements for Verizon Communications

This table details how cash moves in and out of Verizon Communications' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-6,128 -1,561 -289 1,028 1.00 19,581 -19,337 -50 -614 1,138
Net Cash From Operating Activities
39,027 21,689 24,318 34,339 35,746 41,768 39,539 37,141 37,475 36,912
Net Cash From Continuing Operating Activities
39,027 21,689 24,318 34,339 35,746 41,768 39,539 37,141 37,475 36,912
Net Income / (Loss) Continuing Operations
18,375 13,608 30,550 16,039 19,788 18,348 22,618 21,748 12,095 17,949
Consolidated Net Income / (Loss)
18,375 13,608 30,550 16,039 19,788 18,348 22,618 21,748 12,095 17,949
Depreciation Expense
16,017 15,928 16,954 17,403 16,682 16,720 16,206 17,099 17,624 17,892
Non-Cash Adjustments To Reconcile Net Income
-10 3,070 -3,461 1,466 1,264 2,311 -2,566 -445 9,345 2,361
Changes in Operating Assets and Liabilities, net
4,645 -10,917 -19,725 -569 -1,988 4,389 3,281 -1,261 -1,589 -1,290
Net Cash From Investing Activities
-30,043 -9,874 -18,456 -17,934 -17,581 -23,512 -67,153 -28,662 -23,432 -18,674
Net Cash From Continuing Investing Activities
-30,043 -9,874 -18,456 -17,934 -17,581 -23,512 -67,153 -28,662 -23,432 -18,674
Purchase of Property, Plant & Equipment
-17,775 -17,059 -17,247 -16,658 -17,939 -18,192 -20,286 -23,087 -18,767 -17,090
Acquisitions
-13,487 -4,299 -6,463 -1,659 -927 -4,416 -51,661 -3,405 -5,826 -900
Purchase of Investments
- - - - - 0.00 -21 -2,265 880 -712
Divestitures
48 9,882 3,614 0.00 28 0.00 4,122 33 0.00 0.00
Other Investing Activities, net
1,171 1,602 1,640 383 1,257 -904 693 62 281 28
Net Cash From Financing Activities
-15,112 -13,376 -6,151 -15,377 -18,164 1,325 8,277 -8,529 -14,657 -17,100
Net Cash From Continuing Financing Activities
-15,112 -13,376 -6,151 -15,377 -18,164 1,325 8,277 -8,529 -14,657 -17,100
Repayment of Debt
-8,107 -22,064 -28,676 -5,459 -9,219 -10,116 -8,632 -7,020 -5,913 -9,565
Payment of Dividends
-8,538 -9,262 -9,472 -9,772 -10,016 -10,232 -10,445 -10,805 -11,025 -11,249
Issuance of Debt
6,667 17,950 31,997 10,777 18,655 31,448 41,417 17,912 8,462 15,568
Other Financing Activities, net
- - - -10,923 -17,584 -9,775 -14,063 -8,616 -6,181 -11,854

Quarterly Cash Flow Statements for Verizon Communications

This table details how cash moves in and out of Verizon Communications' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
254 524 -204 2,438 -685 -2,163 411 -14 1,493 -752
Net Cash From Operating Activities
10,534 8,942 8,289 9,731 10,778 8,677 7,084 9,485 9,911 10,432
Net Cash From Continuing Operating Activities
10,534 8,942 8,289 9,731 10,778 8,677 7,084 9,485 9,911 10,432
Net Income / (Loss) Continuing Operations
5,024 6,698 5,018 4,766 4,884 -2,573 4,722 4,702 3,411 5,114
Consolidated Net Income / (Loss)
5,024 6,698 5,018 4,766 4,884 -2,573 4,722 4,702 3,411 5,114
Depreciation Expense
4,324 4,218 4,318 4,359 4,431 4,516 4,445 4,483 4,458 4,506
Non-Cash Adjustments To Reconcile Net Income
988 -1,959 594 624 608 7,519 643 863 648 207
Changes in Operating Assets and Liabilities, net
198 -15 -1,641 -18 855 -785 -2,726 -563 1,394 605
Net Cash From Investing Activities
-8,664 -5,342 -6,110 -4,090 -5,408 -7,824 -5,245 -3,865 -4,003 -5,561
Net Cash From Continuing Investing Activities
-8,664 -5,342 -6,110 -4,090 -5,408 -7,824 -5,245 -3,865 -4,003 -5,561
Purchase of Property, Plant & Equipment
-5,320 -7,276 -5,958 -4,112 -4,094 -4,603 -4,376 -3,695 -3,948 -5,071
Acquisitions
-614 -763 -598 -487 -774 -3,967 -449 -164 -155 -132
Purchase of Investments
-2,782 2,592 367 457 -662 718 -432 8.00 92 -380
Other Investing Activities, net
19 105 79 52 122 28 12 -14 8.00 22
Net Cash From Financing Activities
-1,616 -3,076 -2,383 -3,203 -6,055 -3,016 -1,428 -5,634 -4,415 -5,623
Net Cash From Continuing Financing Activities
-1,616 -3,076 -2,383 -3,203 -6,055 -3,016 -1,428 -5,634 -4,415 -5,623
Repayment of Debt
-2,160 -2,576 -914 -1,626 -2,290 -1,083 -2,091 -3,207 -2,528 -1,739
Payment of Dividends
-2,688 -2,739 -2,744 -2,743 -2,744 -2,794 -2,796 -2,802 -2,801 -2,850
Issuance of Debt
3,828 2,854 2,600 2,441 1,947 1,474 7,967 1,586 1,818 4,197
Other Financing Activities, net
-596 -615 -1,325 -1,275 -2,968 -613 -4,508 -1,211 -904 -5,231

Annual Balance Sheets for Verizon Communications

This table presents Verizon Communications' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
244,175 244,180 257,143 264,829 291,727 316,481 366,596 379,680 380,255 384,711
Total Current Assets
22,355 26,395 29,913 34,636 37,473 54,594 36,728 37,857 36,814 40,523
Cash & Equivalents
4,470 2,880 2,079 2,745 2,594 22,171 2,921 2,605 2,065 4,194
Note & Lease Receivable
- - - - - - 23,846 24,506 25,085 26,109
Inventories, net
1,252 1,202 1,034 1,336 1,422 1,796 3,055 2,388 2,057 2,247
Prepaid Expenses
2,034 3,918 3,307 5,453 8,028 6,710 6,906 8,358 7,607 7,973
Plant, Property, & Equipment, net
83,541 84,751 88,568 89,286 91,915 94,833 99,696 107,434 108,310 108,522
Plant, Property & Equipment, gross
220,163 232,215 246,498 252,835 265,734 279,737 289,897 307,689 320,108 331,406
Accumulated Depreciation
136,622 147,464 157,930 163,549 173,819 184,904 190,201 200,255 211,798 222,884
Total Noncurrent Assets
138,279 133,034 138,662 140,907 162,339 167,054 230,172 234,389 235,131 235,666
Long-Term Investments
796 1,110 1,039 671 558 589 1,061 1,071 953 842
Goodwill
25,331 27,205 29,172 24,614 24,389 24,773 28,603 28,671 22,843 22,841
Intangible Assets
94,167 95,570 98,664 103,905 104,557 105,510 159,296 161,257 166,724 167,742
Other Noncurrent Operating Assets
7,718 8,536 9,787 11,717 32,835 36,182 41,212 43,390 44,611 44,241
Total Liabilities & Shareholders' Equity
244,175 244,180 257,143 264,829 291,727 316,481 366,596 379,680 380,255 384,711
Total Liabilities
226,333 220,148 212,456 210,119 228,892 247,209 283,396 287,217 286,456 284,136
Total Current Liabilities
35,052 30,340 33,037 37,930 44,868 39,660 47,160 50,171 53,223 64,771
Short-Term Debt
6,489 2,645 3,453 7,190 10,777 5,889 7,443 9,963 12,973 22,633
Accounts Payable
19,362 19,593 21,232 22,501 21,806 20,658 24,833 23,977 23,453 23,374
Other Current Liabilities
8,738 8,102 8,352 8,239 12,285 13,113 14,884 16,231 16,797 18,764
Total Noncurrent Liabilities
191,281 189,808 179,419 172,189 184,024 207,549 236,236 237,046 233,233 219,365
Long-Term Debt
103,240 105,433 113,642 105,873 100,712 123,173 143,425 140,676 137,701 121,381
Noncurrent Deferred & Payable Income Tax Liabilities
45,484 45,964 31,232 33,795 34,703 35,711 40,685 43,441 45,781 46,732
Noncurrent Employee Benefit Liabilities
29,957 26,166 22,112 18,599 17,952 18,657 15,410 12,974 13,189 11,997
Other Noncurrent Operating Liabilities
11,641 12,245 12,433 13,922 30,657 30,008 36,716 39,955 36,562 39,255
Commitments & Contingencies
- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
17,842 24,032 44,687 54,710 62,835 69,272 83,200 92,463 93,799 100,575
Total Preferred & Common Equity
16,428 22,524 43,096 53,145 61,395 67,842 81,790 90,715 92,430 99,237
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
16,428 22,524 43,096 53,145 61,395 67,842 81,790 90,715 92,430 99,237
Common Stock
11,620 11,606 11,525 13,866 13,848 13,833 14,290 13,420 14,060 13,895
Retained Earnings
11,246 15,059 35,635 43,542 53,147 60,464 71,993 82,380 82,915 89,110
Treasury Stock
-7,416 -7,263 -7,139 -6,986 -6,820 -6,719 -4,104 -4,013 -3,821 -3,583
Accumulated Other Comprehensive Income / (Loss)
550 2,673 2,659 2,370 998 -71 -927 -1,865 -1,380 -923
Other Equity Adjustments
428 449 416 353 222 335 538 793 656 738
Noncontrolling Interest
1,414 1,508 1,591 1,565 1,440 1,430 1,410 1,319 1,369 1,338

Quarterly Balance Sheets for Verizon Communications

This table presents Verizon Communications' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
375,090 379,680 377,716 379,955 384,830 380,255 380,158 379,146 381,164 384,711
Total Current Assets
39,746 37,857 35,722 37,388 38,119 36,814 37,957 38,056 40,641 40,523
Cash & Equivalents
2,082 2,605 2,234 4,803 4,210 2,065 2,365 2,432 4,987 4,194
Note & Lease Receivable
23,670 24,506 22,856 23,186 23,602 25,085 25,319 25,607 25,954 26,109
Inventories, net
3,133 2,388 2,381 1,896 2,240 2,057 2,076 1,841 2,523 2,247
Prepaid Expenses
10,861 8,358 8,251 7,503 8,067 7,607 8,197 8,176 7,177 7,973
Plant, Property, & Equipment, net
103,004 107,434 106,987 107,270 107,490 108,310 107,863 107,890 107,528 108,522
Plant, Property & Equipment, gross
300,870 307,689 310,519 313,424 316,767 320,108 322,266 324,978 327,555 331,406
Accumulated Depreciation
197,866 200,255 203,532 206,154 209,277 211,798 214,403 217,088 220,027 222,884
Total Noncurrent Assets
232,340 234,389 235,007 235,297 239,221 235,131 234,338 233,200 232,995 235,666
Long-Term Investments
1,083 1,071 1,052 1,015 929 953 941 908 867 842
Goodwill
28,548 28,671 28,674 28,647 28,642 22,843 22,842 22,842 22,844 22,841
Intangible Assets
160,488 161,257 161,731 162,434 166,417 166,724 166,946 166,971 167,155 167,742
Other Noncurrent Operating Assets
42,221 43,390 43,550 43,201 43,233 44,611 43,609 42,479 42,129 44,241
Total Liabilities & Shareholders' Equity
375,090 379,680 377,716 379,955 384,830 380,255 380,158 379,146 381,164 384,711
Total Liabilities
286,307 287,217 283,497 283,453 285,742 286,456 284,432 281,607 283,496 284,136
Total Current Liabilities
53,141 50,171 47,768 51,404 55,677 53,223 53,631 60,806 61,816 64,771
Short-Term Debt
14,995 9,963 12,081 14,827 12,950 12,973 15,594 23,255 21,763 22,633
Accounts Payable
22,235 23,977 19,273 20,067 26,140 23,453 20,139 19,727 22,222 23,374
Other Current Liabilities
15,911 16,231 16,414 16,510 16,587 16,797 17,898 17,824 17,831 18,764
Total Noncurrent Liabilities
233,166 237,046 235,729 232,049 230,065 233,233 230,801 220,801 221,680 219,365
Long-Term Debt
132,912 140,676 140,772 137,871 134,441 137,701 136,104 126,022 128,878 121,381
Noncurrent Deferred & Payable Income Tax Liabilities
42,094 43,441 43,667 44,055 44,434 45,781 45,980 46,082 45,865 46,732
Noncurrent Employee Benefit Liabilities
15,912 12,974 12,750 12,357 12,226 13,189 12,805 12,812 12,744 11,997
Other Noncurrent Operating Liabilities
42,248 39,955 38,540 37,766 38,964 36,562 35,912 35,885 34,193 39,255
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
88,783 92,463 94,219 96,502 99,088 93,799 95,726 97,539 97,668 100,575
Total Preferred & Common Equity
87,468 90,715 92,883 95,193 97,312 92,430 94,334 96,172 96,326 99,237
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
87,468 90,715 92,883 95,193 97,312 92,430 94,334 96,172 96,326 99,237
Common Stock
13,896 13,420 13,952 13,952 13,524 14,060 14,000 13,968 13,908 13,895
Retained Earnings
78,545 82,380 84,543 86,448 88,416 82,915 84,714 86,504 86,958 89,110
Treasury Stock
-4,015 -4,013 -3,832 -3,830 -3,828 -3,821 -3,602 -3,590 -3,585 -3,583
Accumulated Other Comprehensive Income / (Loss)
-1,700 -1,865 -2,177 -1,921 -1,428 -1,380 -1,199 -1,287 -1,665 -923
Other Equity Adjustments
742 793 397 544 628 656 421 577 710 738
Noncontrolling Interest
1,315 1,319 1,336 1,309 1,347 1,369 1,392 1,367 1,342 1,338

Annual Metrics and Ratios for Verizon Communications

This table displays calculated financial ratios and metrics derived from Verizon Communications' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
3.57% -4.29% 0.04% 3.83% 0.77% -2.71% 4.15% 2.41% -2.09% 0.61%
EBITDA Growth
41.00% -15.99% 2.34% -0.74% 5.03% 1.85% 8.86% -0.06% -17.88% 18.38%
EBIT Growth
80.64% -23.42% -0.22% -3.00% 11.51% 2.84% 15.93% -2.81% -29.13% 31.54%
NOPAT Growth
40.18% -11.83% 114.51% -55.24% 45.22% -16.63% 13.15% -6.05% -30.50% 37.56%
Net Income Growth
53.69% -25.94% 124.50% -47.50% 23.37% -7.28% 23.27% -3.85% -44.39% 48.40%
EPS Growth
80.58% -26.54% 129.28% -48.91% 23.67% -7.53% 23.72% -4.89% -45.65% 50.55%
Operating Cash Flow Growth
27.41% -44.43% 12.12% 41.21% 4.10% 16.85% -5.34% -6.06% 0.90% -1.50%
Free Cash Flow Firm Growth
-26.95% -80.29% 85.54% 44.79% 56.82% -10.10% -267.57% 147.68% 1.15% 70.47%
Invested Capital Growth
-1.85% 12.74% 25.30% 3.59% 4.15% 2.57% 31.05% 4.06% 0.85% -0.79%
Revenue Q/Q Growth
0.81% -1.50% 1.30% 0.25% 0.38% -0.06% -0.47% 0.87% -0.09% 0.41%
EBITDA Q/Q Growth
33.33% -3.95% -7.62% -4.02% 5.04% 6.06% -1.49% 7.30% -19.64% 21.49%
EBIT Q/Q Growth
59.06% -6.09% -13.49% -6.30% 9.41% 9.61% -1.79% 11.03% -30.96% 39.64%
NOPAT Q/Q Growth
49.55% 2.63% 90.11% -56.54% 32.94% -11.30% 1.80% -1.69% -28.64% 45.74%
Net Income Q/Q Growth
71.50% -6.29% 86.66% -51.04% 18.95% -2.65% 0.08% 9.91% -43.39% 74.91%
EPS Q/Q Growth
80.58% -6.69% 89.20% -52.16% 19.85% -2.49% -0.37% 10.00% -44.56% 79.22%
Operating Cash Flow Q/Q Growth
8.71% -23.43% 18.97% 0.74% 2.59% 0.72% -2.27% 1.54% -0.70% 4.99%
Free Cash Flow Firm Q/Q Growth
14.64% -52.27% 278.75% -23.07% 1.25% -4.87% -38.48% 61.22% -5.00% 70.47%
Invested Capital Q/Q Growth
0.02% 4.64% 13.22% -0.85% 2.95% 1.74% 5.34% 2.53% 0.05% -1.20%
Profitability Metrics
- - - - - - - - - -
Gross Margin
60.07% 58.17% 57.90% 57.58% 58.50% 60.09% 57.86% 56.79% 59.03% 59.87%
EBITDA Margin
37.43% 32.85% 33.61% 32.13% 33.49% 35.06% 36.65% 35.77% 30.00% 35.29%
Operating Margin
25.12% 23.22% 21.76% 17.02% 23.04% 22.45% 24.29% 22.27% 17.08% 21.28%
EBIT Margin
25.26% 20.21% 20.16% 18.83% 20.84% 22.03% 24.52% 23.27% 16.84% 22.02%
Profit (Net Income) Margin
13.96% 10.80% 24.24% 12.26% 15.01% 14.30% 16.93% 15.89% 9.03% 13.32%
Tax Burden Percent
65.07% 64.84% 148.34% 81.74% 87.05% 76.56% 76.88% 76.93% 71.20% 78.11%
Interest Burden Percent
84.94% 82.43% 81.07% 79.63% 82.73% 84.81% 89.80% 88.79% 75.28% 77.42%
Effective Tax Rate
34.93% 35.16% -48.34% 18.26% 12.95% 23.44% 23.12% 23.07% 28.80% 21.89%
Return on Invested Capital (ROIC)
18.97% 15.87% 28.52% 11.27% 15.76% 12.72% 12.30% 9.98% 6.77% 9.32%
ROIC Less NNEP Spread (ROIC-NNEP)
15.76% 10.44% 19.16% 9.33% 9.66% 9.27% 10.46% 8.83% 3.93% 6.21%
Return on Net Nonoperating Assets (RNNOA)
97.63% 49.12% 60.39% 21.00% 17.91% 15.06% 17.37% 14.78% 6.21% 9.15%
Return on Equity (ROE)
116.60% 65.00% 88.91% 32.27% 33.67% 27.78% 29.67% 24.76% 12.99% 18.47%
Cash Return on Invested Capital (CROIC)
20.84% 3.90% 6.06% 7.75% 11.70% 10.18% -14.58% 6.01% 5.93% 10.11%
Operating Return on Assets (OROA)
13.95% 10.43% 10.13% 9.44% 9.87% 9.29% 9.59% 8.53% 5.94% 7.76%
Return on Assets (ROA)
7.71% 5.57% 12.19% 6.15% 7.11% 6.03% 6.62% 5.83% 3.18% 4.69%
Return on Common Equity (ROCE)
106.27% 60.46% 84.90% 31.25% 32.81% 27.17% 29.12% 24.32% 12.77% 18.21%
Return on Equity Simple (ROE_SIMPLE)
111.85% 60.42% 70.89% 30.18% 32.23% 27.05% 27.65% 23.97% 13.09% 18.09%
Net Operating Profit after Tax (NOPAT)
21,511 18,966 40,683 18,209 26,443 22,046 24,946 23,437 16,289 22,407
NOPAT Margin
16.34% 15.05% 32.28% 13.91% 20.05% 17.18% 18.67% 17.13% 12.16% 16.62%
Net Nonoperating Expense Percent (NNEP)
3.21% 5.44% 9.36% 1.94% 6.11% 3.45% 1.84% 1.15% 2.85% 3.11%
Return On Investment Capital (ROIC_SIMPLE)
16.86% 14.36% 25.15% 10.85% 15.17% 11.12% 10.66% 9.64% 6.66% 9.16%
Cost of Revenue to Revenue
39.93% 41.83% 42.10% 42.42% 41.50% 39.91% 42.14% 43.21% 40.97% 40.13%
SG&A Expenses to Revenue
22.78% 22.31% 22.69% 23.75% 22.67% 24.61% 21.45% 22.02% 24.44% 25.31%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
34.95% 34.95% 36.14% 40.56% 35.46% 37.64% 33.58% 34.52% 41.96% 38.58%
Earnings before Interest and Taxes (EBIT)
33,246 25,460 25,404 24,642 27,478 28,259 32,760 31,840 22,564 29,681
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
49,263 41,388 42,358 42,045 44,160 44,979 48,966 48,939 40,188 47,573
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
7.14 6.29 3.42 3.13 3.08 2.79 2.14 1.57 1.58 1.67
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.89 1.13 1.17 1.27 1.44 1.48 1.31 1.04 1.09 1.23
Price to Earnings (P/E)
6.56 10.80 4.90 10.70 9.83 10.63 7.93 6.68 12.57 9.45
Dividend Yield
7.69% 6.53% 6.42% 5.90% 5.29% 5.41% 5.97% 7.61% 7.55% 6.80%
Earnings Yield
15.25% 9.26% 20.41% 9.34% 10.17% 9.41% 12.61% 14.97% 7.95% 10.58%
Enterprise Value to Invested Capital (EV/IC)
1.98 1.95 1.66 1.69 1.75 1.69 1.41 1.21 1.22 1.28
Enterprise Value to Revenue (EV/Rev)
1.69 1.96 2.09 2.12 2.27 2.31 2.42 2.12 2.20 2.27
Enterprise Value to EBITDA (EV/EBITDA)
4.52 5.98 6.21 6.60 6.77 6.60 6.60 5.93 7.34 6.43
Enterprise Value to EBIT (EV/EBIT)
6.70 9.72 10.36 11.26 10.89 10.51 9.87 9.12 13.08 10.30
Enterprise Value to NOPAT (EV/NOPAT)
10.36 13.04 6.47 15.24 11.31 13.47 12.96 12.39 18.11 13.64
Enterprise Value to Operating Cash Flow (EV/OCF)
5.71 11.41 10.82 8.08 8.37 7.11 8.18 7.82 7.87 8.28
Enterprise Value to Free Cash Flow (EV/FCFF)
9.43 53.09 30.43 22.17 15.24 16.83 0.00 20.59 20.69 12.58
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
6.15 4.50 2.62 2.07 1.77 1.86 1.81 1.63 1.61 1.43
Long-Term Debt to Equity
5.79 4.39 2.54 1.94 1.60 1.78 1.72 1.52 1.47 1.21
Financial Leverage
6.19 4.71 3.15 2.25 1.85 1.62 1.66 1.67 1.58 1.47
Leverage Ratio
15.13 11.66 7.30 5.25 4.73 4.60 4.48 4.25 4.08 3.94
Compound Leverage Factor
12.85 9.61 5.91 4.18 3.92 3.90 4.02 3.77 3.07 3.05
Debt to Total Capital
86.01% 81.81% 72.38% 67.39% 63.96% 65.07% 64.45% 61.97% 61.63% 58.88%
Short-Term Debt to Total Capital
5.09% 2.00% 2.13% 4.29% 6.18% 2.97% 3.18% 4.10% 5.31% 9.25%
Long-Term Debt to Total Capital
80.93% 79.81% 70.24% 63.10% 57.77% 62.10% 61.27% 57.87% 56.33% 49.63%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
1.11% 1.14% 0.98% 0.93% 0.83% 0.72% 0.60% 0.54% 0.56% 0.55%
Common Equity to Total Capital
12.88% 17.05% 26.64% 31.68% 35.22% 34.21% 34.94% 37.32% 37.81% 40.57%
Debt to EBITDA
2.23 2.61 2.76 2.69 2.52 2.87 3.08 3.08 3.75 3.03
Net Debt to EBITDA
2.11 2.51 2.69 2.61 2.45 2.36 3.00 3.00 3.67 2.92
Long-Term Debt to EBITDA
2.10 2.55 2.68 2.52 2.28 2.74 2.93 2.87 3.43 2.55
Debt to NOPAT
5.10 5.70 2.88 6.21 4.22 5.85 6.05 6.43 9.25 6.43
Net Debt to NOPAT
4.84 5.49 2.80 6.02 4.10 4.82 5.89 6.27 9.06 6.20
Long-Term Debt to NOPAT
4.80 5.56 2.79 5.81 3.81 5.59 5.75 6.00 8.45 5.42
Altman Z-Score
1.30 1.31 1.41 1.49 1.48 1.48 1.27 1.20 1.11 1.20
Noncontrolling Interest Sharing Ratio
8.86% 6.98% 4.51% 3.18% 2.56% 2.17% 1.86% 1.80% 1.67% 1.39%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.64 0.87 0.91 0.91 0.84 1.38 0.78 0.75 0.69 0.63
Quick Ratio
0.52 0.67 0.77 0.73 0.62 1.16 0.57 0.54 0.51 0.47
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
23,633 4,659 8,644 12,516 19,628 17,644 -29,566 14,097 14,260 24,309
Operating Cash Flow to CapEx
219.56% 127.14% 141.00% 206.14% 199.26% 229.60% 194.91% 160.87% 199.69% 215.99%
Free Cash Flow to Firm to Interest Expense
4.80 1.06 1.83 2.59 4.15 4.15 -8.48 3.90 2.58 3.66
Operating Cash Flow to Interest Expense
7.93 4.96 5.14 7.11 7.56 9.83 11.35 10.28 6.78 5.55
Operating Cash Flow Less CapEx to Interest Expense
4.32 1.06 1.49 3.66 3.76 5.55 5.52 3.89 3.39 2.98
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.55 0.52 0.50 0.50 0.47 0.42 0.39 0.37 0.35 0.35
Accounts Receivable Turnover
9.59 8.14 6.15 5.39 5.22 5.20 0.00 0.00 0.00 0.00
Inventory Turnover
43.71 42.95 47.46 46.84 39.69 31.82 23.21 21.73 24.70 25.14
Fixed Asset Turnover
1.52 1.50 1.45 1.47 1.46 1.37 1.37 1.32 1.24 1.24
Accounts Payable Turnover
2.92 2.71 2.60 2.54 2.47 2.41 2.48 2.42 2.31 2.31
Days Sales Outstanding (DSO)
38.06 44.86 59.38 67.77 69.93 70.20 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
8.35 8.50 7.69 7.79 9.20 11.47 15.72 16.80 14.78 14.52
Days Payable Outstanding (DPO)
125.15 134.90 140.41 143.79 147.75 151.36 147.46 150.64 157.71 157.97
Cash Conversion Cycle (CCC)
-78.74 -81.54 -73.34 -68.22 -68.62 -69.69 -131.73 -133.84 -142.93 -143.45
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
112,318 126,625 158,664 164,357 171,172 175,574 230,086 239,426 241,455 239,553
Invested Capital Turnover
1.16 1.05 0.88 0.81 0.79 0.74 0.66 0.58 0.56 0.56
Increase / (Decrease) in Invested Capital
-2,122 14,307 32,039 5,693 6,815 4,402 54,512 9,340 2,029 -1,902
Enterprise Value (EV)
222,763 247,368 263,073 277,436 299,169 296,979 323,340 290,295 295,034 305,730
Market Capitalization
117,236 141,772 147,505 166,224 189,392 189,247 175,044 142,013 146,009 165,414
Book Value per Share
$4.04 $5.53 $10.56 $12.86 $14.84 $16.39 $19.76 $21.60 $21.99 $23.57
Tangible Book Value per Share
($25.33) ($24.59) ($20.77) ($18.24) ($16.33) ($15.09) ($25.63) ($23.62) ($23.11) ($21.70)
Total Capital
127,571 132,110 161,782 167,773 174,324 198,334 234,068 243,102 244,473 244,589
Total Debt
109,729 108,078 117,095 113,063 111,489 129,062 150,868 150,639 150,674 144,014
Total Long-Term Debt
103,240 105,433 113,642 105,873 100,712 123,173 143,425 140,676 137,701 121,381
Net Debt
104,113 104,088 113,977 109,647 108,337 106,302 146,886 146,963 147,656 138,978
Capital Expenditures (CapEx)
17,775 17,059 17,247 16,658 17,939 18,192 20,286 23,087 18,767 17,090
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-11,028 -4,180 -1,750 1,151 788 -1,348 -5,910 -4,956 -5,501 -5,809
Debt-free Net Working Capital (DFNWC)
-6,208 -1,300 329 3,896 3,382 20,823 -2,989 -2,351 -3,436 -1,615
Net Working Capital (NWC)
-12,697 -3,945 -3,124 -3,294 -7,395 14,934 -10,432 -12,314 -16,409 -24,248
Net Nonoperating Expense (NNE)
3,136 5,358 10,133 2,170 6,655 3,698 2,328 1,689 4,194 4,458
Net Nonoperating Obligations (NNO)
94,476 102,593 113,977 109,647 108,337 106,302 146,886 146,963 147,656 138,978
Total Depreciation and Amortization (D&A)
16,017 15,928 16,954 17,403 16,682 16,720 16,206 17,099 17,624 17,892
Debt-free, Cash-free Net Working Capital to Revenue
-8.38% -3.32% -1.39% 0.88% 0.60% -1.05% -4.42% -3.62% -4.11% -4.31%
Debt-free Net Working Capital to Revenue
-4.72% -1.03% 0.26% 2.98% 2.56% 16.23% -2.24% -1.72% -2.56% -1.20%
Net Working Capital to Revenue
-9.65% -3.13% -2.48% -2.52% -5.61% 11.64% -7.81% -9.00% -12.25% -17.99%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$4.38 $3.22 $7.37 $3.76 $4.66 $4.30 $5.32 $5.06 $2.76 $4.15
Adjusted Weighted Average Basic Shares Outstanding
4.09B 4.08B 4.08B 4.13B 4.14B 4.14B 4.15B 4.20B 4.21B 4.22B
Adjusted Diluted Earnings per Share
$4.37 $3.21 $7.36 $3.76 $4.65 $4.30 $5.32 $5.06 $2.75 $4.14
Adjusted Weighted Average Diluted Shares Outstanding
4.09B 4.09B 4.09B 4.13B 4.14B 4.14B 4.15B 4.20B 4.22B 4.22B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
4.07B 4.08B 4.08B 4.13B 4.14B 4.14B 4.20B 4.20B 4.20B 4.21B
Normalized Net Operating Profit after Tax (NOPAT)
21,511 18,966 19,198 21,962 26,605 22,046 24,946 23,437 20,448 22,407
Normalized NOPAT Margin
16.34% 15.05% 15.23% 16.78% 20.18% 17.18% 18.67% 17.13% 15.26% 16.62%
Pre Tax Income Margin
21.46% 16.66% 16.34% 15.00% 17.24% 18.68% 22.02% 20.66% 12.68% 17.05%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
6.76 5.82 5.37 5.10 5.81 6.65 9.40 8.81 4.08 4.46
NOPAT to Interest Expense
4.37 4.33 8.60 3.77 5.59 5.19 7.16 6.49 2.95 3.37
EBIT Less CapEx to Interest Expense
3.14 1.92 1.72 1.65 2.02 2.37 3.58 2.42 0.69 1.89
NOPAT Less CapEx to Interest Expense
0.76 0.44 4.95 0.32 1.80 0.91 1.34 0.10 -0.45 0.80
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
46.47% 68.06% 31.00% 60.93% 50.62% 55.77% 46.18% 49.68% 91.15% 62.67%
Augmented Payout Ratio
74.41% 68.06% 31.00% 60.93% 50.62% 55.77% 46.18% 49.68% 91.15% 62.67%

Quarterly Metrics and Ratios for Verizon Communications

This table displays calculated financial ratios and metrics derived from Verizon Communications' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
4.03% 3.48% -1.91% -3.53% -2.64% -0.34% 0.21% 0.61% -0.02% 1.57%
EBITDA Growth
-10.32% 30.85% 8.17% -1.12% 2.50% -69.50% 1.23% 3.73% -13.40% 195.29%
EBIT Growth
-18.74% 46.89% 12.02% -2.25% 2.52% -102.09% 0.27% 4.25% -21.52% 4,070.05%
NOPAT Growth
-12.72% -6.37% -3.03% -3.82% -3.10% -92.35% -0.15% 8.21% -20.29% 1,275.75%
Net Income Growth
-23.34% 41.40% 6.52% -10.33% -2.79% -138.41% -5.90% -1.34% -30.16% 298.76%
EPS Growth
-24.52% 41.82% 7.34% -11.29% -3.42% -141.67% -6.84% -0.91% -30.97% 281.54%
Operating Cash Flow Growth
-1.77% 6.74% 21.52% -10.26% 2.32% -2.96% -14.54% -2.53% -8.04% 20.23%
Free Cash Flow Firm Growth
76.82% 92.09% 77.46% 25.45% 78.69% 58.18% 361.43% 239.23% 286.59% 577.33%
Invested Capital Growth
6.91% 4.06% 3.38% 4.26% 3.35% 0.85% 0.14% 0.04% 0.46% -0.79%
Revenue Q/Q Growth
1.34% 2.95% -6.64% -0.96% 2.27% 5.38% -6.12% -0.56% 1.63% 7.05%
EBITDA Q/Q Growth
-1.20% 19.96% -14.96% -1.89% 2.42% -64.31% 182.29% 0.53% -14.50% 21.69%
EBIT Q/Q Growth
-1.92% 32.96% -22.34% -3.48% 2.87% -102.71% 3,828.99% 0.35% -22.57% 37.01%
NOPAT Q/Q Growth
3.91% -9.71% 6.60% -3.84% 4.70% -92.87% 1,291.89% 4.21% -22.87% 22.98%
Net Income Q/Q Growth
-5.48% 33.32% -25.08% -5.02% 2.48% -152.68% 283.52% -0.42% -27.46% 49.93%
EPS Q/Q Growth
-5.65% 33.33% -25.00% -5.98% 2.73% -157.52% 267.69% 0.00% -28.44% 51.28%
Operating Cash Flow Q/Q Growth
-2.86% -15.11% -7.30% 17.40% 10.76% -19.49% -18.36% 33.89% 4.49% 5.26%
Free Cash Flow Firm Q/Q Growth
-56.00% 57.32% 45.18% -104.25% 55.42% 16.22% 442.69% 8.78% -40.25% 114.31%
Invested Capital Q/Q Growth
0.03% 2.53% 1.82% -0.17% -0.84% 0.05% 1.10% -0.26% -0.42% -1.20%
Profitability Metrics
- - - - - - - - - -
Gross Margin
57.36% 55.29% 58.97% 60.84% 59.69% 56.78% 60.97% 61.97% 60.28% 56.52%
EBITDA Margin
34.40% 40.08% 36.51% 36.17% 36.22% 12.27% 36.88% 37.29% 31.37% 35.66%
Operating Margin
23.05% 20.50% 23.04% 22.15% 22.42% 1.71% 22.80% 23.84% 17.78% 20.80%
EBIT Margin
21.77% 28.12% 23.39% 22.79% 22.93% -0.59% 23.40% 23.62% 18.00% 23.03%
Profit (Net Income) Margin
14.67% 19.00% 15.25% 14.62% 14.65% -7.32% 14.32% 14.34% 10.23% 14.33%
Tax Burden Percent
77.06% 76.02% 77.20% 77.98% 78.88% 141.61% 77.73% 77.93% 79.29% 77.86%
Interest Burden Percent
87.46% 88.89% 84.44% 82.26% 81.02% 877.78% 78.70% 77.90% 71.72% 79.92%
Effective Tax Rate
22.94% 23.98% 22.80% 22.02% 21.12% 0.00% 22.27% 22.07% 20.71% 22.14%
Return on Invested Capital (ROIC)
10.66% 9.08% 10.10% 9.78% 9.99% 0.67% 9.74% 10.24% 7.82% 9.08%
ROIC Less NNEP Spread (ROIC-NNEP)
9.92% 9.90% 9.55% 9.19% 9.28% -1.37% 8.98% 9.29% 6.93% 8.61%
Return on Net Nonoperating Assets (RNNOA)
16.88% 16.56% 15.97% 14.64% 14.18% -2.16% 14.09% 14.03% 10.10% 12.70%
Return on Equity (ROE)
27.55% 25.65% 26.08% 24.42% 24.17% -1.49% 23.83% 24.27% 17.93% 21.78%
Cash Return on Invested Capital (CROIC)
3.87% 6.01% 6.38% 5.49% 6.32% 5.93% 6.53% 6.81% 5.89% 10.11%
Operating Return on Assets (OROA)
8.11% 10.31% 8.57% 8.20% 8.09% -0.21% 8.28% 8.35% 6.31% 8.12%
Return on Assets (ROA)
5.46% 6.97% 5.59% 5.26% 5.17% -2.58% 5.06% 5.07% 3.59% 5.05%
Return on Common Equity (ROCE)
27.09% 25.19% 25.68% 24.07% 23.77% -1.47% 23.49% 23.94% 17.64% 21.47%
Return on Equity Simple (ROE_SIMPLE)
22.62% 0.00% 23.74% 22.59% 21.96% 0.00% 12.51% 12.20% 10.65% 0.00%
Net Operating Profit after Tax (NOPAT)
6,083 5,492 5,855 5,630 5,894 420 5,846 6,092 4,699 5,778
NOPAT Margin
17.76% 15.58% 17.79% 17.27% 17.68% 1.20% 17.73% 18.58% 14.10% 16.19%
Net Nonoperating Expense Percent (NNEP)
0.74% -0.82% 0.56% 0.59% 0.70% 2.03% 0.75% 0.95% 0.90% 0.46%
Return On Investment Capital (ROIC_SIMPLE)
2.57% 2.26% 2.37% 2.26% 2.39% 0.17% 2.36% 2.47% 1.89% 2.36%
Cost of Revenue to Revenue
42.64% 44.71% 41.03% 39.16% 40.31% 43.22% 39.03% 38.03% 39.72% 43.48%
SG&A Expenses to Revenue
21.68% 22.82% 22.81% 25.32% 23.98% 25.59% 24.69% 24.47% 29.12% 23.09%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
34.30% 34.79% 35.93% 38.69% 37.28% 55.08% 38.17% 38.14% 42.50% 35.72%
Earnings before Interest and Taxes (EBIT)
7,455 9,912 7,698 7,430 7,643 -207 7,719 7,746 5,998 8,218
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
11,779 14,130 12,016 11,789 12,074 4,309 12,164 12,229 10,456 12,724
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.54 1.57 1.53 1.46 1.26 1.58 1.75 1.72 1.90 1.67
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.99 1.04 1.05 1.03 0.92 1.09 1.23 1.23 1.36 1.23
Price to Earnings (P/E)
6.98 6.68 6.60 6.59 5.88 12.57 14.61 14.69 18.67 9.45
Dividend Yield
7.99% 7.61% 7.63% 7.88% 8.93% 7.55% 6.70% 6.74% 6.12% 6.80%
Earnings Yield
14.33% 14.97% 15.16% 15.18% 17.00% 7.95% 6.84% 6.81% 5.36% 10.58%
Enterprise Value to Invested Capital (EV/IC)
1.20 1.21 1.20 1.18 1.10 1.22 1.29 1.28 1.36 1.28
Enterprise Value to Revenue (EV/Rev)
2.07 2.12 2.15 2.12 1.99 2.20 2.35 2.33 2.45 2.27
Enterprise Value to EBITDA (EV/EBITDA)
6.15 5.93 5.88 5.77 5.33 7.34 7.81 7.67 8.40 6.43
Enterprise Value to EBIT (EV/EBIT)
9.79 9.12 8.98 8.82 8.15 13.08 13.95 13.65 15.48 10.30
Enterprise Value to NOPAT (EV/NOPAT)
11.77 12.39 12.61 12.45 11.68 18.11 19.38 18.75 21.40 13.64
Enterprise Value to Operating Cash Flow (EV/OCF)
7.67 7.82 7.60 7.65 7.06 7.87 8.69 8.68 9.36 8.28
Enterprise Value to Free Cash Flow (EV/FCFF)
32.10 20.59 19.17 21.90 17.75 20.69 19.79 18.86 23.07 12.58
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.67 1.63 1.62 1.58 1.49 1.61 1.58 1.53 1.54 1.43
Long-Term Debt to Equity
1.50 1.52 1.49 1.43 1.36 1.47 1.42 1.29 1.32 1.21
Financial Leverage
1.70 1.67 1.67 1.59 1.53 1.58 1.57 1.51 1.46 1.47
Leverage Ratio
4.36 4.25 4.14 4.08 4.04 4.08 3.99 3.91 3.89 3.94
Compound Leverage Factor
3.81 3.78 3.50 3.36 3.28 35.81 3.14 3.05 2.79 3.15
Debt to Total Capital
62.49% 61.97% 61.87% 61.28% 59.80% 61.63% 61.31% 60.48% 60.67% 58.88%
Short-Term Debt to Total Capital
6.34% 4.10% 4.89% 5.95% 5.25% 5.31% 6.30% 9.42% 8.76% 9.25%
Long-Term Debt to Total Capital
56.15% 57.87% 56.98% 55.33% 54.54% 56.33% 55.01% 51.06% 51.90% 49.63%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.56% 0.54% 0.54% 0.53% 0.55% 0.56% 0.56% 0.55% 0.54% 0.55%
Common Equity to Total Capital
36.95% 37.32% 37.59% 38.20% 39.48% 37.81% 38.13% 38.97% 38.79% 40.57%
Debt to EBITDA
3.24 3.08 3.07 3.07 2.95 3.75 3.76 3.66 3.85 3.03
Net Debt to EBITDA
3.17 3.00 3.00 2.95 2.84 3.67 3.68 3.58 3.70 2.92
Long-Term Debt to EBITDA
2.91 2.87 2.82 2.77 2.69 3.43 3.37 3.09 3.29 2.55
Debt to NOPAT
6.20 6.43 6.57 6.63 6.46 9.25 9.33 8.96 9.80 6.43
Net Debt to NOPAT
6.07 6.27 6.43 6.38 6.23 9.06 9.13 8.76 9.42 6.20
Long-Term Debt to NOPAT
5.57 6.00 6.05 5.99 5.89 8.45 8.37 7.56 8.38 5.42
Altman Z-Score
0.96 1.01 1.00 0.99 0.94 0.91 1.03 1.02 1.04 1.02
Noncontrolling Interest Sharing Ratio
1.65% 1.80% 1.53% 1.44% 1.65% 1.67% 1.44% 1.38% 1.58% 1.39%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.75 0.75 0.75 0.73 0.68 0.69 0.71 0.63 0.66 0.63
Quick Ratio
0.48 0.54 0.53 0.54 0.50 0.51 0.52 0.46 0.50 0.47
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-9,014 -3,848 -2,109 -4,308 -1,921 -1,609 5,514 5,998 3,584 7,680
Operating Cash Flow to CapEx
198.01% 122.90% 139.12% 236.65% 263.26% 188.51% 161.88% 256.70% 251.04% 205.72%
Free Cash Flow to Firm to Interest Expense
-9.62 -3.48 -1.75 -3.35 -1.34 -1.01 3.37 3.53 2.14 4.67
Operating Cash Flow to Interest Expense
11.24 8.09 6.87 7.57 7.52 5.43 4.33 5.59 5.93 6.35
Operating Cash Flow Less CapEx to Interest Expense
5.56 1.51 1.93 4.37 4.66 2.55 1.66 3.41 3.57 3.26
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.37 0.37 0.37 0.36 0.35 0.35 0.35 0.35 0.35 0.35
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
21.47 21.73 19.30 20.44 20.65 24.70 24.35 28.88 22.58 25.14
Fixed Asset Turnover
1.37 1.32 1.32 1.29 1.27 1.24 1.25 1.25 1.25 1.24
Accounts Payable Turnover
2.75 2.42 3.11 2.76 2.29 2.31 2.75 2.71 2.22 2.31
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
17.00 16.80 18.91 17.86 17.68 14.78 14.99 12.64 16.17 14.52
Days Payable Outstanding (DPO)
132.54 150.64 117.23 132.20 159.17 157.71 132.57 134.58 164.16 157.97
Cash Conversion Cycle (CCC)
-115.54 -133.84 -98.32 -114.34 -141.49 -142.93 -117.58 -121.95 -147.99 -143.45
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
233,525 239,426 243,786 243,382 241,340 241,455 244,118 243,476 242,455 239,553
Invested Capital Turnover
0.60 0.58 0.57 0.57 0.56 0.56 0.55 0.55 0.55 0.56
Increase / (Decrease) in Invested Capital
15,097 9,340 7,964 9,938 7,815 2,029 332 94 1,115 -1,902
Enterprise Value (EV)
280,646 290,295 293,282 286,731 266,496 295,034 315,033 312,549 329,036 305,730
Market Capitalization
134,589 142,013 142,379 138,542 122,897 146,009 165,249 165,245 182,907 165,414
Book Value per Share
$20.83 $21.60 $22.12 $22.64 $23.15 $21.99 $22.38 $22.85 $22.88 $23.57
Tangible Book Value per Share
($24.18) ($23.62) ($23.22) ($22.81) ($23.25) ($23.11) ($22.65) ($22.25) ($22.25) ($21.70)
Total Capital
236,690 243,102 247,072 249,200 246,479 244,473 247,424 246,816 248,309 244,589
Total Debt
147,907 150,639 152,853 152,698 147,391 150,674 151,698 149,277 150,641 144,014
Total Long-Term Debt
132,912 140,676 140,772 137,871 134,441 137,701 136,104 126,022 128,878 121,381
Net Debt
144,742 146,963 149,567 146,880 142,252 147,656 148,392 145,937 144,787 138,978
Capital Expenditures (CapEx)
5,320 7,276 5,958 4,112 4,094 4,603 4,376 3,695 3,948 5,071
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-482 -4,956 -2,199 -3,992 -8,818 -5,501 -2,445 -1,927 -4,399 -5,809
Debt-free Net Working Capital (DFNWC)
1,600 -2,351 35 811 -4,608 -3,436 -80 505 588 -1,615
Net Working Capital (NWC)
-13,395 -12,314 -12,046 -14,016 -17,558 -16,409 -15,674 -22,750 -21,175 -24,248
Net Nonoperating Expense (NNE)
1,059 -1,206 837 864 1,010 2,993 1,124 1,390 1,288 664
Net Nonoperating Obligations (NNO)
144,742 146,963 149,567 146,880 142,252 147,656 148,392 145,937 144,787 138,978
Total Depreciation and Amortization (D&A)
4,324 4,218 4,318 4,359 4,431 4,516 4,445 4,483 4,458 4,506
Debt-free, Cash-free Net Working Capital to Revenue
-0.36% -3.62% -1.61% -2.96% -6.58% -4.11% -1.82% -1.44% -3.28% -4.31%
Debt-free Net Working Capital to Revenue
1.18% -1.72% 0.03% 0.60% -3.44% -2.56% -0.06% 0.38% 0.44% -1.20%
Net Working Capital to Revenue
-9.87% -9.00% -8.84% -10.38% -13.09% -12.25% -11.69% -16.95% -15.77% -17.99%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.17 $1.56 $1.17 $1.10 $1.13 ($0.64) $1.09 $1.09 $0.78 $1.19
Adjusted Weighted Average Basic Shares Outstanding
4.20B 4.20B 4.21B 4.21B 4.21B 4.21B 4.22B 4.22B 4.22B 4.22B
Adjusted Diluted Earnings per Share
$1.17 $1.56 $1.17 $1.10 $1.13 ($0.65) $1.09 $1.09 $0.78 $1.18
Adjusted Weighted Average Diluted Shares Outstanding
4.20B 4.20B 4.21B 4.21B 4.22B 4.22B 4.22B 4.22B 4.23B 4.22B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
4.20B 4.20B 4.20B 4.20B 4.20B 4.20B 4.21B 4.21B 4.21B 4.21B
Normalized Net Operating Profit after Tax (NOPAT)
6,083 5,492 5,855 5,630 5,894 420 5,846 6,092 4,699 5,778
Normalized NOPAT Margin
17.76% 15.58% 17.79% 17.27% 17.68% 1.20% 17.73% 18.58% 14.10% 16.19%
Pre Tax Income Margin
19.04% 25.00% 19.75% 18.75% 18.57% -5.17% 18.42% 18.40% 12.91% 18.41%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
7.96 8.97 6.38 5.78 5.33 -0.13 4.72 4.56 3.59 5.00
NOPAT to Interest Expense
6.49 4.97 4.85 4.38 4.11 0.26 3.58 3.59 2.81 3.51
EBIT Less CapEx to Interest Expense
2.28 2.39 1.44 2.58 2.48 -3.01 2.04 2.39 1.23 1.91
NOPAT Less CapEx to Interest Expense
0.81 -1.61 -0.09 1.18 1.26 -2.62 0.90 1.41 0.45 0.43
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
54.15% 49.68% 49.40% 50.75% 51.34% 91.15% 93.88% 94.90% 109.07% 62.67%
Augmented Payout Ratio
54.15% 49.68% 49.40% 50.75% 51.34% 91.15% 93.88% 94.90% 109.07% 62.67%

Frequently Asked Questions About Verizon Communications' Financials

When does Verizon Communications's fiscal year end?

According to the most recent income statement we have on file, Verizon Communications' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Verizon Communications' net income changed over the last 9 years?

Verizon Communications' net income were at $17.95 billion at the end of 2024, a 48.4% increase from 2023, and a 2.3% decrease since 2015.

What is Verizon Communications's operating income?
Verizon Communications's total operating income in 2024 was $28.69 billion, based on the following breakdown:
  • Total Gross Profit: $80.69 billion
  • Total Operating Expenses: $52.01 billion
How has Verizon Communications revenue changed over the last 9 years?

Over the last 9 years, Verizon Communications' total revenue changed from $131.62 billion in 2015 to $134.79 billion in 2024, a change of 2.4%.

How much debt does Verizon Communications have?

Verizon Communications' total liabilities were at $284.14 billion at the end of 2024, a 0.8% decrease from 2023, and a 25.5% increase since 2015.

How much cash does Verizon Communications have?

In the past 9 years, Verizon Communications' cash and equivalents has ranged from $2.07 billion in 2023 to $22.17 billion in 2020, and is currently $4.19 billion as of their latest financial filing in 2024.

How has Verizon Communications' book value per share changed over the last 9 years?

Over the last 9 years, Verizon Communications' book value per share changed from 4.04 in 2015 to 23.57 in 2024, a change of 483.9%.

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This page (NYSE:VZ) was last updated on 4/15/2025 by MarketBeat.com Staff
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