Verizon Communications Inc.

VZNYSE

$43.79

Last price · USD

Market cap: $185.3B
P/E: 10.8x
EV / EBITDA: 7.7x
P/S: 1.3x
FCF yield: 10.6%
Div. yield: 6.20%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Verizon Communications Inc. balance sheet

Annual · USD millions except per-share data · 46 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	19,048	4,194	2,065	2,605	2,921	+59.8%
Cash & short-term investments	19,048	4,194	2,065	2,605	2,921	+59.8%
Net receivables	28,347	26,109	25,085	24,506	23,846	+4.4%
Accounts receivable	28,347	26,109	25,085	24,506	23,846	+4.4%
Inventory	2,441	2,247	2,057	2,388	3,055	-5.5%
Prepaids	0	2,929	1,956	2,453	1,114	—
Other current assets	7,086	5,044	5,651	5,905	5,792	+5.2%
Total current assets	56,922	40,523	36,814	37,857	36,728	+11.6%
Non-current assets
Property, plant & equipment (net)	132,965	132,994	133,036	133,564	127,579	+1.0%
Goodwill	22,841	22,841	22,843	28,671	28,603	-5.5%
Intangible assets	10,458	167,742	166,724	161,257	159,296	-49.4%
Goodwill & intangible assets	33,299	190,583	189,567	189,928	187,899	-35.1%
Long-term investments	785	842	953	1,071	1,061	-7.3%
Other non-current assets	180,287	19,769	19,885	17,260	13,329	+91.8%
Total non-current assets	347,336	344,188	343,441	341,823	329,868	+1.3%
Total assets	404,258	384,711	380,255	379,680	366,596	+2.5%
Current liabilities
Accounts payable	24,981	10,425	10,021	8,750	8,040	+32.8%
Other payables	0	4,780	5,433	4,640	4,333	—
Total payables	24,981	15,205	15,454	13,390	12,373	+19.2%
Short-term debt	23,160	22,633	12,973	9,963	7,443	+32.8%
Capital lease obligations (current)	0	4,415	4,266	4,134	3,859	—
Tax payables	0	1,902	2,612	0	0	—
Deferred revenue	0	7,492	6,955	6,583	6,053	—
Other current liabilities	14,229	3,979	2,755	2,750	2,263	+58.4%
Total current liabilities	62,370	64,771	53,223	50,171	47,160	+7.2%
Non-current liabilities
Long-term debt	158,483	121,381	137,701	140,676	143,425	+2.5%
Capital lease obligations (non-current)	18,951	19,928	20,002	21,558	23,203	-4.9%
Deferred tax liabilities (non-current)	48,717	46,732	45,781	43,441	40,685	+4.6%
Other non-current liabilities	9,996	31,324	29,749	31,371	28,923	-23.3%
Total non-current liabilities	236,147	219,365	233,233	237,046	236,236	0.0%
Capital lease obligations	18,951	24,343	24,268	25,692	27,062	-8.5%
Total debt	200,594	168,357	174,942	176,331	177,930	+3.0%
Total liabilities	298,517	284,136	286,456	287,217	283,396	+1.3%
Stockholders' equity
Common stock	429	429	429	429	429	0.0%
Retained earnings	94,744	89,110	82,915	82,380	71,993	+7.1%
Additional paid-in capital	13,372	13,466	13,631	13,420	13,861	-0.9%
Treasury stock	(3,255)	(3,583)	(3,821)	(4,013)	(4,104)	—
Accumulated other comprehensive income (loss)	(1,727)	(923)	(1,380)	(1,865)	(927)	—
Other stockholders' equity	897	738	656	793	538	+13.6%
Total stockholders' equity	104,460	99,237	92,430	91,144	81,790	+6.3%
Total equity	105,741	100,575	93,799	92,463	83,200	+6.2%
Minority interest	1,281	1,338	1,369	1,319	1,410	-2.4%
Total liabilities & equity	404,258	384,711	380,255	379,680	366,596	+2.5%
Additional fields
Accrued Expenses	0	11,047	10,820	13,351	15,169	—
Net Debt	181,546	164,163	172,877	173,726	175,009	+0.9%
Total Investments	785	842	953	1,071	1,061	-7.3%

Verizon Communications Inc.

VZNYSE

$43.79

Last price · USD

Market cap: $185.3B
P/E: 10.8x
EV / EBITDA: 7.7x
P/S: 1.3x
FCF yield: 10.6%
Div. yield: 6.20%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Verizon Communications Inc. balance sheet

Annual · USD millions except per-share data · 46 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	19,048	4,194	2,065	2,605	2,921	+59.8%
Cash & short-term investments	19,048	4,194	2,065	2,605	2,921	+59.8%
Net receivables	28,347	26,109	25,085	24,506	23,846	+4.4%
Accounts receivable	28,347	26,109	25,085	24,506	23,846	+4.4%
Inventory	2,441	2,247	2,057	2,388	3,055	-5.5%
Prepaids	0	2,929	1,956	2,453	1,114	—
Other current assets	7,086	5,044	5,651	5,905	5,792	+5.2%
Total current assets	56,922	40,523	36,814	37,857	36,728	+11.6%
Non-current assets
Property, plant & equipment (net)	132,965	132,994	133,036	133,564	127,579	+1.0%
Goodwill	22,841	22,841	22,843	28,671	28,603	-5.5%
Intangible assets	10,458	167,742	166,724	161,257	159,296	-49.4%
Goodwill & intangible assets	33,299	190,583	189,567	189,928	187,899	-35.1%
Long-term investments	785	842	953	1,071	1,061	-7.3%
Other non-current assets	180,287	19,769	19,885	17,260	13,329	+91.8%
Total non-current assets	347,336	344,188	343,441	341,823	329,868	+1.3%
Total assets	404,258	384,711	380,255	379,680	366,596	+2.5%
Current liabilities
Accounts payable	24,981	10,425	10,021	8,750	8,040	+32.8%
Other payables	0	4,780	5,433	4,640	4,333	—
Total payables	24,981	15,205	15,454	13,390	12,373	+19.2%
Short-term debt	23,160	22,633	12,973	9,963	7,443	+32.8%
Capital lease obligations (current)	0	4,415	4,266	4,134	3,859	—
Tax payables	0	1,902	2,612	0	0	—
Deferred revenue	0	7,492	6,955	6,583	6,053	—
Other current liabilities	14,229	3,979	2,755	2,750	2,263	+58.4%
Total current liabilities	62,370	64,771	53,223	50,171	47,160	+7.2%
Non-current liabilities
Long-term debt	158,483	121,381	137,701	140,676	143,425	+2.5%
Capital lease obligations (non-current)	18,951	19,928	20,002	21,558	23,203	-4.9%
Deferred tax liabilities (non-current)	48,717	46,732	45,781	43,441	40,685	+4.6%
Other non-current liabilities	9,996	31,324	29,749	31,371	28,923	-23.3%
Total non-current liabilities	236,147	219,365	233,233	237,046	236,236	0.0%
Capital lease obligations	18,951	24,343	24,268	25,692	27,062	-8.5%
Total debt	200,594	168,357	174,942	176,331	177,930	+3.0%
Total liabilities	298,517	284,136	286,456	287,217	283,396	+1.3%
Stockholders' equity
Common stock	429	429	429	429	429	0.0%
Retained earnings	94,744	89,110	82,915	82,380	71,993	+7.1%
Additional paid-in capital	13,372	13,466	13,631	13,420	13,861	-0.9%
Treasury stock	(3,255)	(3,583)	(3,821)	(4,013)	(4,104)	—
Accumulated other comprehensive income (loss)	(1,727)	(923)	(1,380)	(1,865)	(927)	—
Other stockholders' equity	897	738	656	793	538	+13.6%
Total stockholders' equity	104,460	99,237	92,430	91,144	81,790	+6.3%
Total equity	105,741	100,575	93,799	92,463	83,200	+6.2%
Minority interest	1,281	1,338	1,369	1,319	1,410	-2.4%
Total liabilities & equity	404,258	384,711	380,255	379,680	366,596	+2.5%
Additional fields
Accrued Expenses	0	11,047	10,820	13,351	15,169	—
Net Debt	181,546	164,163	172,877	173,726	175,009	+0.9%
Total Investments	785	842	953	1,071	1,061	-7.3%