Is the business good?
How good a business is VZ?
Verizon earns 8.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.4%
Return on invested capital · cost of capital 9.0% · 0.61 points below what the capital costs: growth destroys value
- Operating margin
- 21%
Operating margin · Telecom Services median 11% · 12 months to Q2 2026
- Share count, year on year
- −1.4%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 22% |
| FY2021 | 24% |
| FY2022 | 22% |
| FY2023 | 17% |
| FY2024 | 21% |
| FY2025 | 21% |
Details›
- Operating margin12 months to Q2 2026
- 21%
- Net margin12 months to Q2 2026
- 12%
- Revenue, trailing twelve months
- $138.9B
- Net income, trailing twelve months
- $16.2B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Telecom Services
Ranks #19 of 28 by Smart Score