VIV
Telefônica Brasil S.A.
VIV has the edge over VZ overall, supported by stronger fundamentals and stronger valuation.
VZ
Verizon Communications Inc.
VZ has lower modeled downside risk, despite its lower overall score.
VIV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
VIV's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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.
VIV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $9.23 | -22% |
| Fair | 16x | $12.05 | +1.3% |
| Current | 16x | $11.90 | — |
| Expensive | 18x | $13.36 | +12% |
Historical ranges are pointers, not guarantees.
VIV has the edge over VZ in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
VIV Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect VIV's earnings to grow and its profitability to improve, with its 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.
VIV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.74 | +16% |
| Q1 2026 | $0.71 | +15% |
| Q4 2025 | $0.69 | +13% |
| Q3 2025 | $0.67 | +14% |
| Q2 2025 | $0.64 | +14% |
| Q1 2025 | $0.62 | +13% |
| Q4 2024 | $0.61 | +13% |
| Q3 2024 | $0.59 | +20% |
VIV's earnings per share have climbed steadily: $0.74 over the past year, up 16% from the year before, and higher year over year for 11 quarters in a row.
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.
VIV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.8B | +7.6% |
| Q1 2026 | $2.7B | +5.4% |
| Q4 2025 | $2.8B | +8.7% |
| Q3 2025 | $2.7B | +6.5% |
| Q2 2025 | $2.6B | +7.1% |
| Q1 2025 | $2.6B | +6.2% |
| Q4 2024 | $2.6B | +7.7% |
| Q3 2024 | $2.5B | +7.1% |
VIV has the edge over VZ on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 16% | +1.2 points |
| Q1 2026 | 15% | +1 points |
| Q4 2025 | 16% | -1.1 points |
| Q3 2025 | 19% | +2.2 points |
| Q2 2025 | 15% | +0.4 points |
| Q1 2025 | 14% | -0.3 points |
| Q4 2024 | 17% | 0 points |
| Q3 2024 | 16% | +0.2 points |
VIV's operating margin was 16% last quarter, up 1.2 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 VIV on profitability, with a higher operating margin.
VIV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $538M | -17% |
| Q1 2026 | $516.5M | +8.1% |
| Q4 2025 | $484.8M | +45% |
| Q3 2025 | $403.4M | -0.4% |
| Q2 2025 | $649.8M | +3.6% |
| Q1 2025 | $477.9M | -8.6% |
| Q4 2024 | $334.1M | +59% |
| Q3 2024 | $404.9M | -5.7% |
VIV's free cash flow has been positive every quarter for seven years: $1.9B over the past year, up 4.1% 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 VIV on cash flow, with more consistent year-over-year improvement.
VIV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +7.3M shares |
| 1 year | +0.3% | +5.1M shares |
| 3 years | -3.3% | -55.3M shares |
| 5 years | -4.7% | -79M shares |
| Available history | -5% | -83.6M shares |
VIV has 1.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $72,869 |
| Q1 2026 | $50,131 |
| Q4 2025 | $61.6M |
| Q3 2025 | $648.4M |
| Q2 2025 | $85.1M |
| Q1 2025 | $58.5M |
| Q4 2024 | $58.4M |
| Q3 2024 | $389.9M |
VIV spent $710M buying back its own shares over the past year, up 20% from 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 the edge over VIV on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $1B |
| Q1 2026 | $2.5B |
VIV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.7x | Very low |
| Q3 2024 | 0.6x | Very low |
VIV has the edge over VZ on leverage, with a lower net debt burden relative to earnings.
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.
VIV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 32.0 | Neutral |
VIV's weekly RSI is 45 (neutral) and its Stochastic is 32 (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).
VIV PE vs Communication Services Sector
| Metric | VIV | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | 2.4% below |
| PE % | 46 | 26 | 20 pts above |
VIV is trading at 16x earnings, in line with the Communication Services sector's median of 16x, though its earnings don't support one.
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 VIV on valuation relative to its sector.
VIV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.9 | 0.3% below |
| 20 week MA | $12.3 | 2.9% below |
| 50 week MA | $13.5 | 12% below |
| 100 week MA | $12.0 | 0.5% below |
| 200 week MA | $10.5 | 13% above |
VIV has fallen below most of its moving averages, though it's still 13% 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 VIV on trend strength, trading above more of its moving averages.
VIV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.4 | $8.71 | -39% |
| 2021 | $8.71 | $8.76 | +0.6% |
| 2022 | $8.76 | $7.42 | -15% |
| 2023 | $7.42 | $10.9 | +47% |
| 2024 | $10.9 | $7.63 | -30% |
| 2025 | $7.63 | $11.9 | +56% |
| 2026 YTD | $11.9 | $11.9 | +0.1% |
VIV has finished lower in three of the last six years. It's roughly flat 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 VIV on returns for 2026, with the stronger performance.