T
AT&T Inc.
T has a slight edge over VZ overall, supported by stronger valuation.
VZ
Verizon Communications Inc.
VZ has lower modeled downside risk, despite its lower overall score.
T Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
T's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is 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.
T PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.9x | $14.50 | -35% |
| Forward | 8.8x | $22.18 | — |
| Fair | 12x | $22.48 | +1.3% |
| Current | 12x | $22.18 | — |
| Expensive | 18x | $33.86 | +53% |
Historical ranges are pointers, not guarantees.
T's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 8.8x next year's earnings.
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 has the edge over T in the historical PE scenario, which offers more potential upside but is not a forecast.
T Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect T's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
T Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.53 | +38% |
| Q3 2026 | $1.84 | -40% |
| Q2 2026 | $3.01 | +71% |
| Q1 2026 | $2.97 | +82% |
| Q4 2025 | $3.04 | +104% |
| Q3 2025 | $3.08 | +150% |
| Q2 2025 | $1.76 | +1.1% |
| Q1 2025 | $1.63 | -12% |
| Q4 2024 | $1.49 | -24% |
T has the edge over VZ on earnings, with more consistent year-over-year improvement.
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's earnings per share have fallen from their peak: $3.93 over the past year, against $5.34 in late 2021.
T Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $32.3B | +5.3% |
| Q2 2026 | $31.6B | +2.3% |
| Q1 2026 | $31.5B | +2.9% |
| Q4 2025 | $33.5B | +3.6% |
| Q3 2025 | $30.7B | +1.6% |
| Q2 2025 | $30.8B | +3.5% |
| Q1 2025 | $30.6B | +2% |
| Q4 2024 | $32.3B | +0.9% |
T has the edge over VZ on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -7.3 points |
| Q2 2026 | 22% | +1.2 points |
| Q1 2026 | 21% | +2.3 points |
| Q4 2025 | 17% | +0.8 points |
| Q3 2025 | 20% | +13 points |
| Q2 2025 | 21% | +1.7 points |
| Q1 2025 | 19% | -0.7 points |
| Q4 2024 | 16% | 0 points |
T's operating margin was 13% last quarter, down 7.3 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 T on profitability, with a higher operating margin.
T Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.5B | +3.7% |
| Q2 2026 | $5.1B | +4.8% |
| Q1 2026 | $2.7B | -43% |
| Q4 2025 | $4.5B | -10% |
| Q3 2025 | $5.3B | +6.7% |
| Q2 2025 | $4.9B | +2.8% |
| Q1 2025 | $4.8B | +26% |
| Q4 2024 | $5.1B | -25% |
T's free cash flow has been positive every quarter for six years: $17.8B over the past year, down 11% from 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 T on cash flow, with more consistent year-over-year improvement.
T Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -102M shares |
| 1 year | -4.5% | -325M shares |
| 3 years | -4.7% | -341M shares |
| 5 years | -5% | -358M shares |
| Available history | -6.9% | -504M shares |
T has the edge over VZ on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.8B |
| Q2 2026 | $2.2B |
| Q1 2026 | $2.5B |
| Q4 2025 | $1.8B |
| Q3 2025 | $1.5B |
| Q2 2025 | $961M |
| Q1 2025 | $218M |
| Q4 2024 | $13M |
T spent $9.3B buying back its own shares over the past year, about three times what it spent the year before.
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 |
T Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
T's net debt is about 3.4 years of its operating earnings (EBITDA), up from 2.7 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 T on leverage, with a lower net debt burden relative to earnings.
T Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.2 | Neutral |
| Stochastic | 19.0 | Oversold |
T's weekly RSI is 43 (neutral) and its Stochastic is 19 (oversold).
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).
T PE vs Communication Services Sector
| Metric | T | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 27% below |
| PE % | 49 | 26 | 23 pts above |
T is trading at 12x earnings, a 27% discount to the Communication Services sector's median of 16x.
VZ PE vs Communication Services Sector
| Metric | VZ | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 28% below |
| PE % | 58 | 26 | 32 pts above |
VZ has the edge over T on valuation relative to its sector.
T Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.7 | 2.2% below |
| 20 week MA | $23.5 | 5.5% below |
| 50 week MA | $24.8 | 11% below |
| 100 week MA | $25.7 | 14% below |
| 200 week MA | $21.8 | 1.9% above |
T has fallen below most of its moving averages, though it's still 1.9% 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 T on trend strength, trading above more of its moving averages.
T Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.6 | $21.7 | -27% |
| 2021 | $21.7 | $18.8 | -13% |
| 2022 | $18.8 | $18.3 | -2.5% |
| 2023 | $18.3 | $16.8 | -8.4% |
| 2024 | $16.8 | $22.9 | +36% |
| 2025 | $22.9 | $24.7 | +7.8% |
| 2026 YTD | $24.7 | $22.2 | -10% |
T has finished lower in four of the last six years. It's down 10% so far in 2026.
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 the edge over T on returns for 2026, with the stronger performance.