THRY
Thryv Holdings, Inc.
THRY offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
VZ
Verizon Communications Inc.
VZ has the edge over THRY overall, supported by lower modeled downside and stronger fundamentals.
THRY Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Stable | |
| Under pressure |
THRY's cash flow is currently stable, but its revenue, 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.
THRY PE Valuation
THRY 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.
THRY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect THRY's losses to grow, with revenue declining.
VZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
VZ has the edge over THRY on the outlook, with more favorable earnings and revenue expectations.
THRY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.81 | -662% |
| Q2 2026 | -$0.36 | +$1.92 |
| Q1 2026 | $0.33 | +$2.77 |
| Q4 2025 | $0.01 | +$2.01 |
| Q3 2025 | $0.50 | +$10.15 |
| Q2 2025 | -$2.28 | +$5.50 |
| Q1 2025 | -$2.44 | +$5.06 |
| Q4 2024 | -$2.00 | +$5.47 |
THRY has swung to a loss: it lost $2.81 per share over the past year, after a profit the year before.
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 THRY on earnings quality, reporting a profit while its opponent remains loss making.
THRY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $118.9M | -41% |
| Q2 2026 | $150.7M | -28% |
| Q1 2026 | $167.7M | -7.5% |
| Q4 2025 | $191.6M | +2.7% |
| Q3 2025 | $201.6M | +12% |
| Q2 2025 | $210.5M | -6.1% |
| Q1 2025 | $181.4M | -22% |
| Q4 2024 | $186.6M | -21% |
THRY's revenue has slid since its 2020 peak: $119M last quarter, down 41% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -93% | -103 points |
| Q2 2026 | -0.8% | -15 points |
| Q1 2026 | 2.4% | +4.1 points |
| Q4 2025 | 5.3% | +9.2 points |
| Q3 2025 | 9.9% | +59 points |
| Q2 2025 | 14% | +0.1 points |
| Q1 2025 | -1.7% | -15 points |
| Q4 2024 | -3.9% | +99 points |
THRY's operating margin was −93% last quarter, down 103 points from the same quarter a year ago, near the bottom of its range since 2019.
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 has the edge over THRY on sales, with more consistent year-over-year improvement.
| 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 THRY on profitability, with a higher operating margin.
THRY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.7M | -68% |
| Q2 2026 | $16.7M | -23% |
| Q1 2026 | -$5.5M | +$12.1M |
| Q4 2025 | $12.3M | -29% |
| Q3 2025 | $14.6M | -47% |
| Q2 2025 | $21.8M | +64% |
| Q1 2025 | -$17.6M | -$15.7M |
| Q4 2024 | $17.3M | -49% |
THRY still generates free cash flow, though less than at its 2019 peak: $28M over the past year.
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 THRY on cash flow, with more consistent year-over-year improvement.
THRY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +80K shares |
| 1 year | 0% | -20.9K shares |
| 3 years | +28% | +9.6M shares |
| 5 years | +18% | +6.8M shares |
| Available history | +27% | +9.4M shares |
THRY has 44M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | $5M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
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 the edge over THRY on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $1B |
| Q1 2026 | $2.5B |
THRY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q4 2024 | 13.8x | High |
| Q3 2023 | 8.2x | High |
| Q2 2023 | 4.1x | High |
| Q1 2023 | 2.7x | Moderate |
THRY's net debt is about 3.3 years of its operating earnings (EBITDA), down from 14 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's net debt is about 3.3 years of its operating earnings (EBITDA), up from 2.8 years a year ago.
THRY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 25.7 | Oversold |
| Stochastic | 4.1 | Oversold |
THRY's weekly RSI is 26 (oversold) and its Stochastic is 4 (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).
THRY PE vs Communication Services Sector
| Metric | THRY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
THRY 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.
THRY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.32 | 26% below |
| 20 week MA | $2.25 | 56% below |
| 50 week MA | $3.33 | 71% below |
| 100 week MA | $8.17 | 88% below |
| 200 week MA | $14.3 | 93% below |
THRY is in a downtrend: it's below all five of its weekly moving averages, and 93% below 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 THRY on trend strength, trading above more of its moving averages.
THRY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.7 | $11.5 | +7.8% |
| 2021 | $11.5 | $39.7 | +246% |
| 2022 | $39.7 | $18.6 | -53% |
| 2023 | $18.6 | $20.4 | +9.7% |
| 2024 | $20.4 | $14.8 | -27% |
| 2025 | $14.8 | $6.10 | -59% |
| 2026 YTD | $6.10 | $0.98 | -84% |
THRY's yearly returns have swung widely, from +246% in 2021 to −59% in 2025. It's down 84% 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 THRY on returns for 2026, with the stronger performance.