AT&T vs Verizon
AT&T and Verizon are similar in size: $125.65bn and $138.19bn of revenue in their latest fiscal years. AT&T grew faster (2.7% against 2.5%). AT&T kept more of each dollar of sales as profit: a net margin of 17.5% against 12.4%. AT&T carries less debt relative to equity (114.1% against 150.0%).
| Latest fiscal year | AT&TT, 2025 | VerizonVZ, 2025 |
|---|---|---|
| Revenue | $125.65bn | $138.19bn |
| Revenue growth | 2.7% | 2.5% |
| Net income | $21.95bn | $17.17bn |
| Operating margin | 19.2% | 21.2% |
| Net margin | 17.5% | 12.4% |
| Return on equity | 17.9% | 16.6% |
| Free cash flow | $19.44bn | $37.14bn |
| Cash | $18.23bn | $19.05bn |
| Total debt | $144.31bn | $158.59bn |
| Debt to equity | 114.1% | 150.0% |
| Dividend per share | $1.11 | $2.73 |
| Dividend yield | 5.4% | 6.3% |
| Share buybacks | $4.50bn | — |
| Employees | — | 89,900 |
| Market value | $145.40bn | $187.31bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 68 (Moderate) | 79 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 16 sales |