VZ VERIZON COMMUNICATIONS INC

Overview and Growth

VERIZON COMMUNICATIONS INC generated $138.19B of revenue in fiscal 2025, with net income of $17.17B and an operating cash inflow of $37.14B. At $138.19B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 2.5% from $134.79B in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $4.06, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $4.14 in fiscal 2024, the current result was 1.9% lower. A diluted share base of 4.23B links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Total assets stood at $404.26B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.34x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced $29.26B of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 21.2% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $17.17B, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 12.4%, meaning that this portion of revenue remained as net income after all recognized expenses. EBITDA was $47.61B, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. Pretax income was $22.67B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 16.4%, adding a pre-tax profitability layer between revenue and net income. The company recognized $5.06B of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 22.3% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 16.2% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 4.2%, showing earnings relative to the full balance sheet. Against $17.51B in fiscal 2024, the current $17.17B bottom line finished below the prior-year result in absolute terms.

Liquidity and Capital Structure

At period end, the $404.26B asset base was financed through $298.52B of liabilities and $105.74B of equity. At period end, current assets of $56.92B compared with current liabilities of $62.37B, defining the company’s short-term resource position. The current ratio was 0.91x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. The company held $19.05B in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 30.5% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 26.2%, placing book capital against the total resource base. Relative to total assets, liabilities measured 73.8%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 4.7%, comparing reported cash and equivalents with the full positive asset balance. Compared with $384.71B in fiscal 2024, the current asset base moved 5.1% and finished higher. Book equity was 5.1% higher than fiscal 2024 equity of $100.58B, showing how shareholder capital changed year over year. Cash and equivalents were 354.2% higher than fiscal 2024 cash of $4.19B, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $37.14B, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 2.16x of net income, showing how strongly accounting earnings converted into cash from operations.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.