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VERIZON COMMUNICATIONS INC VZ

NYSE · stock · Telephone Communications (No Radiotelephone) · website · IPO 1984-02-15 · LEI

VERIZON COMMUNICATIONS INC statistics & valuation

Market cap$195.1B
P / E11.4×
P / S1.4×
P / B1.8×
Dividend yield5.88%
Net margin12.4%
Return on equity16.2%
Return on capital8.6%
Graham number +1.7%$47.78

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($47.78); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.40% 23.90% 11.90% 14.60% 13.90% 16.50% 15.50% 8.70% 13.00% 12.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
23.20% 21.80% 17.00% 23.00% 22.40% 24.30% 22.30% 17.10% 21.30% 21.20% 2016201720182019202020212022202320242025
Return on equity (%)
54.60% 67.40% 28.40% 30.70% 25.70% 26.50% 23.00% 12.40% 17.40% 16.20% 2016201720182019202020212022202320242025
Shares outstanding
4.09B 4.09B 4.13B 4.14B 4.14B 4.15B 4.20B 4.21B 4.22B 4.23B 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.40% 11.70% 5.90% 6.60% 5.60% 6.00% 5.60% 3.10% 4.60% 4.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$3.21 $7.36 $3.76 $4.65 $4.30 $5.32 $5.06 $2.75 $4.14 $4.06 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

VERIZON COMMUNICATIONS INC trades at about 11.6× earnings — near its 10-year norm (10-year range 7.3×–15.4×, median 12.7×).

7.3× 15.4×

Shaded band = 10-year range (7.3×–15.4×); dot = today's 11.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin21.2%21.3%17.1%22.3%24.3%22.4%23.0%17.0%21.8%23.2%
Net margin12.4%13.0%8.7%15.5%16.5%13.9%14.6%11.9%23.9%10.4%
Return on assets4.2%4.6%3.1%5.6%6.0%5.6%6.6%5.9%11.7%5.4%
Return on equity16.2%17.4%12.4%23.0%26.5%25.7%30.7%28.4%67.4%54.6%
Current ratio0.910.630.690.750.781.380.840.910.910.87

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.