SPHR
Sphere Entertainment Co.
SPHR has the edge over VZ overall, supported by stronger fundamentals and stronger modeled upside.
VZ
Verizon Communications Inc.
VZ has lower modeled downside risk, despite its lower overall score.
SPHR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Strong | |
| Under pressure |
SPHR's cash flow is currently strong, and its revenue is stable, but its profitability and balance sheet are under pressure.
VZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
VZ's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
SPHR PE Valuation
SPHR has no meaningful PE right now: it lost money over the past year.
VZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $32.43 | -30% |
| Forward | 9x | $46.55 | — |
| Fair | 11x | $43.63 | -6.3% |
| Current | 12x | $46.55 | — |
| Expensive | 14x | $56.75 | +22% |
Historical ranges are pointers, not guarantees.
VZ's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 9.0x next year's earnings, in its cheap range.
SPHR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect SPHR's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
VZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect VZ's earnings to grow and its profitability to improve, with its revenue holding steady.
SPHR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.53 | +$1.64 |
| Q2 2026 | -$1.49 | +$3.83 |
| Q1 2026 | $2.97 | +$13.01 |
| Q4 2025 | $0.74 | +$9.84 |
| Q3 2025 | -$5.17 | +$5.35 |
| Q2 2025 | -$5.32 | +$0.36 |
| Q1 2025 | -$10.04 | -191% |
| Q4 2024 | -$9.10 | -178% |
SPHR is still losing money, but far less than before: $3.53 per share over the past year, against $10.52 at its worst in late 2024.
VZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.19 | +32% |
| Q3 2026 | $3.93 | -16% |
| Q2 2026 | $3.85 | -10% |
| Q1 2026 | $4.11 | -2.1% |
| Q4 2025 | $4.06 | -1.9% |
| Q3 2025 | $4.68 | +103% |
| Q2 2025 | $4.29 | +61% |
| Q1 2025 | $4.20 | +57% |
| Q4 2024 | $4.14 | +51% |
VZ has the edge over SPHR on earnings quality, reporting a profit while its opponent remains loss making.
SPHR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $274.3M | +4.5% |
| Q2 2026 | $313.6M | +11% |
| Q1 2026 | $386.4M | +38% |
| Q4 2025 | $394.3M | +28% |
| Q3 2025 | $262.5M | +15% |
| Q2 2025 | $282.7M | +3.4% |
| Q1 2025 | $280.6M | -13% |
| Q4 2024 | $308.3M | -1.9% |
SPHR's revenue has grown year over year for six quarters in a row: $274M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -88% | -38 points |
| Q2 2026 | -20% | -1.8 points |
| Q1 2026 | 1.9% | +30 points |
| Q4 2025 | 7.3% | +54 points |
| Q3 2025 | -49% | +2.2 points |
| Q2 2025 | -18% | +8.4 points |
| Q1 2025 | -28% | N/A |
| Q4 2024 | -46% | N/A |
SPHR's operating margin was −88% last quarter, down 38 points from the same quarter a year ago.
VZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $34.3B | +1.5% |
| Q2 2026 | $34.3B | -0.7% |
| Q1 2026 | $34.4B | +2.9% |
| Q4 2025 | $36.4B | +2% |
| Q3 2025 | $33.8B | +1.5% |
| Q2 2025 | $34.5B | +5.2% |
| Q1 2025 | $33.5B | +1.5% |
| Q4 2024 | $35.7B | +1.6% |
VZ's revenue has held roughly level: $34.3B last quarter, up 1.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 21% | -2.7 points |
| Q1 2026 | 24% | +0.1 points |
| Q4 2025 | 14% | -7.1 points |
| Q3 2025 | 24% | +6.2 points |
| Q2 2025 | 24% | -0.2 points |
| Q1 2025 | 24% | +1 points |
| Q4 2024 | 21% | +19 points |
VZ has the edge over SPHR on profitability, with a higher operating margin.
SPHR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $56.9M | -51% |
| Q2 2026 | -$33.7M | +$25.4M |
| Q1 2026 | $136.2M | +2046% |
| Q4 2025 | $180.2M | +614% |
| Q3 2025 | $115.8M | +240% |
| Q2 2025 | -$59.1M | +$13.4M |
| Q1 2025 | $6.3M | -94% |
| Q4 2024 | $25.3M | -46% |
SPHR generated $340M in free cash flow over the past year, about four times what it generated the year before.
VZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $11.5B | +2.2% |
| Q2 2026 | $10.4B | +16% |
| Q1 2026 | $8B | +2.6% |
| Q4 2025 | $9.1B | -13% |
| Q3 2025 | $11.3B | +14% |
| Q2 2025 | $9B | -5.4% |
| Q1 2025 | $7.8B | +9.9% |
| Q4 2024 | $10.4B | +20% |
VZ has the edge over SPHR on cash flow, with more consistent year-over-year improvement.
SPHR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +186K shares |
| 1 year | -19% | -8.5M shares |
| 3 years | +4% | +1.4M shares |
| 5 years | -30% | -15.9M shares |
SPHR has the edge over VZ on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $16,000 |
| Q4 2024 | $1.3M |
| Q1 2020 | — |
| Q4 2019 | — |
VZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -10M shares |
| 1 year | -1.7% | -72M shares |
| 3 years | -1.3% | -55M shares |
| 5 years | +0.4% | +17M shares |
| Available history | +0.5% | +21M shares |
VZ has 4.2B diluted shares, down 1.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $1B |
| Q1 2026 | $2.5B |
SPHR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 4.2x | High |
| Q1 2025 | 8.2x | High |
| Q4 2022 | 15.9x | High |
SPHR's net debt is about 3.4 years of its operating earnings (EBITDA), down from 4.2 years a year ago.
VZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.3x | Elevated |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
VZ has the edge over SPHR on leverage, with a lower net debt burden relative to earnings.
SPHR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.2 | Neutral |
| Stochastic | 23.2 | Neutral |
SPHR's weekly RSI is 47 (neutral) and its Stochastic is 23 (neutral).
VZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 44.6 | Neutral |
VZ's weekly RSI is 51 (neutral) and its Stochastic is 45 (neutral).
SPHR PE vs Communication Services Sector
| Metric | SPHR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
SPHR has no meaningful PE right now: it lost money over the past year.
VZ PE vs Communication Services Sector
| Metric | VZ | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 28% below |
| PE % | 58 | 26 | 32 pts above |
VZ is trading at 12x earnings, a 28% discount to the Communication Services sector's median of 16x.
SPHR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $117.6 | 5.1% above |
| 20 week MA | $136.7 | 9.5% below |
| 50 week MA | $125.4 | 1.4% below |
| 100 week MA | $85.6 | 44% above |
| 200 week MA | $60.9 | 103% above |
SPHR's trend is mixed: it's above three of its five weekly moving averages, and 103% above its 200-week average.
VZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.1 | 3.1% above |
| 20 week MA | $46.3 | 0.5% above |
| 50 week MA | $46.1 | 1.1% above |
| 100 week MA | $44.2 | 5.4% above |
| 200 week MA | $41.4 | 12% above |
VZ has the edge over SPHR on trend strength, trading above more of its moving averages.
SPHR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.9 | $40.7 | -0.3% |
| 2021 | $40.7 | $32.8 | -19% |
| 2022 | $32.8 | $19.9 | -39% |
| 2023 | $19.9 | $34.0 | +71% |
| 2024 | $34.0 | $38.1 | +12% |
| 2025 | $38.1 | $93.4 | +145% |
| 2026 YTD | $93.4 | $123.7 | +32% |
SPHR has the edge over VZ on returns for 2026, with the stronger performance.
VZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.5 | $58.8 | -4.4% |
| 2021 | $58.8 | $52.7 | -10% |
| 2022 | $52.7 | $38.4 | -27% |
| 2023 | $38.4 | $37.7 | -1.8% |
| 2024 | $37.7 | $39.9 | +5.9% |
| 2025 | $39.9 | $40.5 | +1.4% |
| 2026 YTD | $40.5 | $46.6 | +15% |
VZ has finished lower in four of the last six years. It's up 15% so far in 2026.