VZ
Verizon Communications Inc
VZ—
Verizon Communications Inc AI Insights
Informational only. Not investment advice.Snapshot
- Tangible book value is -85.2B due to 190.3B in goodwill/intangibles (181% of equity) - asset-heavy model with significant impairment exposure.[Tangible Book Value]
- Debt/equity of 1.62x with 170.5B total debt vs 105B equity; interest expense TTM of 6.6B consumes 25% of operating income.[Debt to Equity]
- FCF TTM of 20.6B (15% margin) covers 11.5B dividend payout 1.8x, but capex of 17.8B constrains flexibility.[Free Cash Flow TTM]
Watch Triggers
- Interest Expense TTM: Exceeds 7.5B (>30% of operating income) — Signals debt burden becoming unsustainable, threatening dividend
- Free Cash Flow TTM: Falls below 18B (<1.5x dividend coverage) — Would force dividend cut or additional debt, breaking income thesis
- Goodwill and Other Intangible Assets: Impairment charge >5B announced — 190.3B intangibles at risk; write-down would crater book value further
Bull Case
P/E of 8.9x vs industry median 17.1x with 5.9% dividend yield (2.72/share TTM) offers income at discount valuation.
P/E RatioDividends Paid Per Share TTM
Operating margin TTM 23% vs industry median 8.9% demonstrates pricing power in mature telecom market.
Operating Margin TTMEBITDA TTM
Bear Case
Net debt of 139.1B (3.3x EBITDA) with rising rates pressures refinancing; 6.6B interest already 21% of EBITDA.
Net DebtInterest Expense TTMEBITDA TTM
EPS growth 3Y of -0.2% and 5Y of 1.9% signals structural stagnation; negative working capital of -15.6B strains liquidity.
EPS Growth 3YEPS Growth 5YWorking Capital
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
FCF generation will remain stable but dividend growth constrained by debt servicing needs.
1-3yhigh
- 170.5B debt load requires ongoing refinancing
- Capex of 17.8B annually for network maintenance
- Interest expense at 6.6B TTM limits margin expansion
FCF of 20.6B vs 11.5B dividends = 1.8x coverageDebt/equity 1.62x vs industry medianEPS growth 3Y at -0.2% shows stagnation
Valuation Context
Caveats
Public Strategies Rankings
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VZ Fundamentals
Information → Satellite Telecommunications
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$172.71B | — | ||
$335.45B | — | ||
8.8 | — | ||
$137.49B | +2.4% | — | |
$4.62 | +43.5% | — | |
23.0% | +2.4% | — | |
14.4% | +7.1% | — | |
$20.65B | +49.3% | — | |
0.20 | +9.6% | — | |
Beta 5Y (Monthly) | unknown | — |
VZ Dividend History
103 dividends
02/02/26$0.6900
11/03/25$0.6900
08/01/25$0.6775
05/01/25$0.6775
02/03/25$0.6775
11/01/24$0.6775
05/01/24$0.6650
02/01/24$0.6650
11/01/23$0.6650
08/01/23$0.6525
05/01/23$0.6525
02/01/23$0.6525
11/01/22$0.6525
08/01/22$0.6400
05/02/22$0.6400
02/01/22$0.6400
11/01/21$0.6400
08/02/21$0.6275
05/03/21$0.6275
02/01/21$0.6275
11/02/20$0.6275
08/03/20$0.6150
05/01/20$0.6150
02/03/20$0.6150
11/01/19$0.6150
08/01/19$0.6025
05/01/19$0.6025
02/01/19$0.6025
11/01/18$0.6025
08/01/18$0.5900
05/01/18$0.5900
02/01/18$0.5900
11/01/17$0.5900
08/01/17$0.5775
05/01/17$0.5775
02/01/17$0.5775
11/01/16$0.5775
08/01/16$0.5650
05/02/16$0.5650
02/01/16$0.5650
11/02/15$0.5650
08/03/15$0.5500
05/01/15$0.5500
02/02/15$0.5500
11/03/14$0.5500
08/01/14$0.5300
05/01/14$0.5300
02/03/14$0.5300
11/01/13$0.5300
08/01/13$0.5150
05/01/13$0.5150
02/01/13$0.5150
11/01/12$0.5150
08/01/12$0.5000
05/01/12$0.5000
02/01/12$0.5000
11/01/11$0.5000
08/01/11$0.4875
05/02/11$0.4875
02/01/11$0.4875
11/01/10$0.4875
08/02/10$0.4750
05/03/10$0.4750
02/01/10$0.4750
11/02/09$0.4750
08/03/09$0.4600
05/01/09$0.4600
02/02/09$0.4600
11/03/08$0.4600
08/01/08$0.4300
05/01/08$0.4300
02/01/08$0.4300
11/01/07$0.4300
08/01/07$0.4050
05/01/07$0.4050
02/01/07$0.4050
11/01/06$0.4050
08/01/06$0.4050
05/01/06$0.4050
02/01/06$0.4050
11/01/05$0.4050
08/01/05$0.4050
05/02/05$0.4050
02/01/05$0.3850
11/01/04$0.3850
08/02/04$0.3850
05/03/04$0.3850
02/02/04$0.3850
11/03/03$0.3850
08/01/03$0.3850
05/01/03$0.3850
02/03/03$0.3850
11/01/02$0.3850
08/01/02$0.3850
05/01/02$0.3850
02/01/02$0.3850
11/01/01$0.3850
08/01/01$0.3850
05/01/01$0.3850
02/01/01$0.3850
11/01/00$0.3850
05/01/00$0.3850
02/01/00$0.3850
VZ Stock Splits
No stock splits
VZ SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/29/25 | 09/30/25 | 10-Q | |
07/25/25 | 06/30/25 | 10-Q | |
04/25/25 | 03/31/25 | 10-Q | |
02/12/25 | 12/31/24 | Unknown | |
10/25/24 | 09/30/24 | 10-Q | |
07/25/24 | 06/30/24 | 10-Q | |
04/25/24 | 03/31/24 | 10-Q | |
02/09/24 | 12/31/23 | 10-K | |
10/26/23 | 09/30/23 | 10-Q | |
07/28/23 | 06/30/23 | 10-Q | |
04/27/23 | 03/31/23 | 10-Q | |
02/10/23 | 12/31/22 | 10-K | |
10/25/22 | 09/30/22 | 10-Q | |
07/28/22 | 06/30/22 | 10-Q | |
04/27/22 | 03/31/22 | 10-Q | |
02/11/22 | 12/31/21 | 10-K | |
10/26/21 | 09/30/21 | 10-Q | |
07/28/21 | 06/30/21 | 10-Q | |
04/27/21 | 03/31/21 | 10-Q | |
02/25/21 | 12/31/20 | 10-K | |
10/27/20 | 09/30/20 | 10-Q | |
07/28/20 | 06/30/20 | 10-Q | |
04/27/20 | 03/31/20 | 10-Q | |
02/21/20 | 12/31/19 | 10-K | |
10/30/19 | 09/30/19 | 10-Q | |
08/08/19 | 06/30/19 | 10-Q | |
04/26/19 | 03/31/19 | 10-Q | |
02/15/19 | 12/31/18 | 10-K | |
10/30/18 | 09/30/18 | 10-Q | |
07/31/18 | 06/30/18 | 10-Q | |
05/01/18 | 03/31/18 | 10-Q | |
02/23/18 | 12/31/17 | 10-K | |
10/26/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
04/27/17 | 03/31/17 | 10-Q | |
02/21/17 | 12/31/16 | 10-K | |
10/26/16 | 09/30/16 | 10-Q | |
07/29/16 | 06/30/16 | 10-Q | |
04/28/16 | 03/31/16 | 10-Q | |
02/23/16 | 12/31/15 | 10-K | |
10/27/15 | 09/30/15 | 10-Q | |
07/28/15 | 06/30/15 | 10-Q | |
04/28/15 | 03/31/15 | 10-Q | |
02/23/15 | 12/31/14 | 10-K | |
10/28/14 | 09/30/14 | 10-Q | |
07/29/14 | 06/30/14 | 10-Q | |
04/29/14 | 03/31/14 | 10-Q | |
02/27/14 | 12/31/13 | 10-K | |
02/25/14 | 09/30/13 | 10-Q | |
02/25/14 | 06/30/13 | 10-Q | |
02/25/14 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 13F-HR | |
10/25/12 | 09/30/12 | 10-Q | |
07/30/12 | 06/30/12 | 10-Q | |
04/26/12 | 03/31/12 | 10-Q | |
03/20/12 | 12/31/11 | 13F-HR | |
10/25/11 | 09/30/11 | 10-Q | |
07/28/11 | 06/30/11 | 10-Q | |
04/28/11 | 03/31/11 | 10-Q | |
02/26/13 | 12/31/10 | 10-K | |
08/01/11 | 12/31/10 | 13F-HR | |
10/21/10 | 09/30/10 | 10-Q | |
07/29/10 | 06/30/10 | 10-Q | |
04/28/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
02/24/12 | 12/31/09 | 10-K | |
10/29/09 | 09/30/09 | 10-Q | |
02/25/14 | 06/30/09 | 10-Q | |
05/11/09 | 03/31/09 | 10-Q | |
02/24/09 | 12/31/08 | 10-K | |
02/28/11 | 12/31/08 | 10-K | |
10/28/08 | 09/30/08 | 10-Q | |
07/29/08 | 06/30/08 | 10-Q | |
04/29/08 | 03/30/08 | Unknown | -- |
02/28/08 | 12/31/07 | 10-K | |
10/30/07 | 09/30/07 | 10-Q | |
07/31/07 | 06/30/07 | 10-Q | |
05/04/07 | 03/30/07 | Unknown | -- |
03/01/07 | 12/31/06 | 10-K | |
11/06/06 | 09/30/06 | 10-Q | |
08/04/06 | 06/30/06 | 10-Q | |
05/09/06 | 03/30/06 | Unknown | -- |
03/14/06 | 12/31/05 | 10-K | |
11/08/05 | 09/30/05 | 10-Q | |
08/08/05 | 06/30/05 | 10-Q | |
05/09/05 | 03/30/05 | Unknown | -- |
03/14/05 | 12/31/04 | 10-K | |
11/08/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/30/04 | Unknown | -- |
03/12/04 | 12/31/03 | 10-K | |
11/12/03 | 09/30/03 | 4 | |
08/12/03 | 06/30/03 | 13F-HR | |
05/12/03 | 03/30/03 | Unknown | -- |
03/14/03 | 12/31/02 | 13F-HR | |
11/13/02 | 09/30/02 | 8-K | |
08/12/02 | 06/30/02 | 13F-HR | |
05/15/02 | 03/30/02 | Unknown | -- |
03/20/02 | 12/31/01 | 13F-HR | |
11/14/01 | 09/30/01 | 13F-HR | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/30/01 | Unknown | -- |
03/23/01 | 12/31/00 | 13F-HR | |
11/14/00 | 09/30/00 | 13F-HR | |
08/14/00 | 06/30/00 | 8-K | |
05/12/00 | 03/30/00 | Unknown | -- |