At&t vs Verizon Communications (T vs VZ)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Verizon Communications is the larger company by revenue ($138.2B vs $125.6B) and market value ($178.2B vs $149.7B). Verizon Communications has grown revenue faster over the last 4 fiscal years (+3.4% cumulative vs -6.3%). Verizon Communications runs the higher operating margin (21.2% vs 19.2%). At&t trades at the lower trailing P/E (7.3x vs 10.4x).
About At&t
AT&T Inc. is a telecommunications company that provides wireless and wireline telecom and broadband services primarily in the United States and wireless services in Mexico. Its main products include nationwide wireless service and equipment, advanced fiber-based broadband, fixed wireless internet, and legacy voice and data services for both consumers and businesses. The company focuses on expanding its 5G wireless network and fiber infrastructure to support growing data demands.
About Verizon Communications
Verizon Communications Inc provides communications, technology, information, and streaming products and services to consumers, businesses, and government entities. Its main offerings include wireless and wireline services such as voice, data, broadband, and video over extensive fiber-optic and wireless networks in the United States. Verizon serves retail consumers, large enterprises, public sector customers, and wholesale carriers through its Consumer and Business segments.
Head to head (T FY2025 vs VZ FY2025)
| Metric | TFY2025 | VZFY2025 |
|---|---|---|
| Revenue | $125.65B | $138.19B |
| Revenue growth (YoY) | 2.7% | 2.5% |
| Gross margin | — | — |
| Operating margin | 19.2% | 21.2% |
| Net margin | 17.5% | 12.4% |
| Net income | $21.95B | $17.17B |
| Diluted EPS | $3.04 | $4.06 |
| FCF margin | 15.5% | — |
| ROE | 17.4% | 16.2% |
| Debt / equity | 1.0× | 1.3× |
| Market cap | $149.74B | $178.21B |
| P/E (TTM) | 7.3× | 10.4× |
Fundamentals are from each company’s SEC filings (T FY2025, VZ FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| T | $134.04B | $120.74B | $122.43B | $122.34B | $125.65B |
| VZ | $133.61B | $136.84B | $133.97B | $134.79B | $138.19B |
Peer standing
Where each company ranks among the 215 Communication Services companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | T | VZ |
|---|---|---|
| Operating margin | 19.2%89th percentile of 186 | 21.2%91st percentile of 186 |
| Net margin | 17.5%93rd percentile of 192 | 12.4%84th percentile of 192 |
| Revenue growth (YoY) | +2.7%51st percentile of 208 | +2.5%49th percentile of 208 |
| ROE | 17.4%83rd percentile of 163 | 16.2%80th percentile of 163 |
| P/E (TTM) | 7.3×6th percentile of 95 | 10.4×14th percentile of 95 |
| Debt / equity | 1.00×61st percentile of 101 | 1.32×66th percentile of 101 |
| Short interest (days to cover) | 1.69d33rd percentile of 215 | 2.64d46th percentile of 215 |
Short interest
| FINRA settlement data | T | VZ |
|---|---|---|
| Shares sold short | 125.7M | 95.0M |
| Change vs prior settlement | +0.3% | +5.6% |
| Days to cover | 1.69 | 2.64 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | T | VZ |
|---|---|---|
| Buys | — | 0 |
| Sells | — | 1 ($3.5M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
6 tracked 13F managers hold both At&t and Verizon Communications as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.