T vs VZ
AT&T Inc. and Verizon Communications Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | T | VZ |
|---|---|---|
| Revenue | $125.6B | $138.2B |
| Net income | $22.0B | $17.2B |
| Gross margin | · | · |
| Net margin | 18.6% | 12.7% |
| Return on equity | 17.9% | 16.6% |
| Diluted EPS | $3.04 | $4.06 |
| Dividend / share | $1.11 | $2.73 |
| Payout ratio | 37.3% | 66.9% |
| Free cash flow | $19.4B | · |
| Equity | · | · |
| Net debt / equity | 0.99× | 1.32× |
| Current ratio | 0.91× | 0.91× |
| Revenue CAGR 5y | −2.6% | 1.5% |
| Profit CAGR 5y | · | −0.7% |
T and VZ book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (18.6% against 12.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | T | VZ |
|---|---|---|
| FY2025 | $125.6B | $138.2B |
| FY2024 | $122.3B | $134.8B |
| FY2023 | $122.4B | $134.0B |
| FY2022 | $120.7B | $136.8B |
| FY2021 | $134.0B | $133.6B |
| FY2020 | $143.1B | $128.3B |
| FY2019 | $181.2B | $131.9B |
| FY2018 | $170.8B | $130.9B |
| FY2017 | $160.5B | $126.0B |
| FY2016 | $163.8B | $126.0B |
Bottom line
| Fiscal year | T | VZ |
|---|---|---|
| FY2025 | $22.0B | $17.2B |
| FY2024 | $10.9B | $17.5B |
| FY2023 | $14.4B | $11.6B |
| FY2022 | $-8.5B | $21.3B |
| FY2021 | $20.1B | $22.1B |
| FY2020 | $-5.2B | $17.8B |
| FY2019 | $13.9B | $19.3B |
| FY2018 | $19.4B | $15.5B |
| FY2017 | $29.4B | $30.1B |
| FY2016 | $13.0B | $13.1B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$12,543,000,000 | VZ |
| FY2024 | −$12,452,000,000 | VZ |
| FY2023 | −$11,546,000,000 | VZ |
| FY2022 | −$16,094,000,000 | VZ |
| FY2021 | +$425,000,000 | T |
| FY2020 | +$14,758,000,000 | T |
| FY2019 | +$49,325,000,000 | T |
| FY2018 | +$39,893,000,000 | T |
| FY2017 | +$34,512,000,000 | T |
| FY2016 | +$37,806,000,000 | T |
| FY2015 | +$15,181,000,000 | T |
| FY2014 | +$5,368,000,000 | T |
| FY2013 | +$8,202,000,000 | T |
| FY2012 | +$11,588,000,000 | T |
| FY2011 | +$15,848,000,000 | T |
| FY2010 | +$17,715,000,000 | T |
| FY2009 | +$14,705,000,000 | T |
| FY2008 | +$26,089,000,000 | T |
| FY2007 | +$25,459,000,000 | T |
The higher-revenue side has changed between T and VZ over this period. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.9 pp | T |
| FY2024 | −3.3 pp | VZ |
| FY2023 | +3.7 pp | T |
| FY2022 | −21.7 pp | VZ |
| FY2021 | −0.9 pp | VZ |
| FY2020 | −17.0 pp | VZ |
| FY2019 | −6.7 pp | VZ |
| FY2018 | −0.6 pp | VZ |
| FY2017 | −5.6 pp | VZ |
| FY2016 | −2.7 pp | VZ |
| FY2015 | −4.6 pp | VZ |
| FY2014 | −4.3 pp | VZ |
| FY2013 | −5.0 pp | VZ |
| FY2012 | −3.2 pp | VZ |
| FY2011 | −5.9 pp | VZ |
| FY2010 | +6.6 pp | T |
| FY2009 | −0.6 pp | VZ |
| FY2008 | −6.0 pp | VZ |
| FY2007 | −1.1 pp | VZ |
The higher net margin has changed hands between T and VZ over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
T's net margin has been more volatile than VZ's over the 19 comparable fiscal years — 6.8 percentage points of standard deviation against 4.4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between T and VZ over these 19 fiscal years — T led in 3 and VZ in 16.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VZ's return on equity has been more volatile than T's over the 19 comparable fiscal years — 29.7 percentage points of standard deviation against 7.4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between T and VZ over these 19 fiscal years — T led in 9 and VZ in 10.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.