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Comcast vs Verizon Communications: revenue, profit, margins and growth compared

Comcast brought in $123.7B of revenue in fiscal 2025, Verizon Communications $138.2B in fiscal 2025. Revenue changed by -0.0% at Comcast and +2.5% at Verizon Communications on the year before, so Verizon Communications grew faster. Comcast kept 16.2% of its revenue as net profit, Verizon Communications 12.4%.

Side by side, latest fiscal year

CCZVZ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$123.7B$138.2B
Revenue growth-0.0%+2.5%
Net income$20B$17.2B
Net margin16.2%12.4%
Free cash flow$21.9Bn/a
Free cash flow margin17.7%n/a
Earnings per share (diluted)$5.39$4.06
Cash$9.5B$19B
Debt$98.9B$18.6B
Price to earnings12.011.6
Market value$229.5B$195.6B
Dividend yield2.04%5.81%
Rank by revenue in sector#3 of 51 · Telecommunications#1 of 51 · Telecommunications

Over the years

Revenue
CCZ FY2018: $94.5BCCZ FY2019: $108.9BCCZ FY2020: $103.6BCCZ FY2021: $116.4BCCZ FY2022: $121.4BCCZ FY2023: $121.6BCCZ FY2024: $123.7BCCZ FY2025: $123.7BVZ FY2018: $130.9BVZ FY2019: $131.9BVZ FY2020: $128.3BVZ FY2021: $133.6BVZ FY2022: $136.8BVZ FY2023: $134BVZ FY2024: $134.8BVZ FY2025: $138.2BFY18FY19FY20FY21FY22FY23FY24FY25
CCZ $123.7BVZ $138.2B
Net income
CCZ FY2018: $11.7BCCZ FY2019: $13.1BCCZ FY2020: $10.5BCCZ FY2021: $14.2BCCZ FY2022: $5.4BCCZ FY2023: $15.4BCCZ FY2024: $16.2BCCZ FY2025: $20BVZ FY2018: $15.5BVZ FY2019: $19.3BVZ FY2020: $17.8BVZ FY2021: $22.1BVZ FY2022: $21.3BVZ FY2023: $11.6BVZ FY2024: $17.5BVZ FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25
CCZ $20BVZ $17.2B
Net margin
CCZ FY2018: 12.4%CCZ FY2019: 12.0%CCZ FY2020: 10.2%CCZ FY2021: 12.2%CCZ FY2022: 4.4%CCZ FY2023: 12.7%CCZ FY2024: 13.1%CCZ FY2025: 16.2%VZ FY2018: 11.9%VZ FY2019: 14.6%VZ FY2020: 13.9%VZ FY2021: 16.5%VZ FY2022: 15.5%VZ FY2023: 8.7%VZ FY2024: 13.0%VZ FY2025: 12.4%FY18FY19FY20FY21FY22FY23FY24FY25
CCZ 16.2%VZ 12.4%
Revenue growth
CCZ FY2019: +15.3%CCZ FY2020: -4.9%CCZ FY2021: +12.4%CCZ FY2022: +4.3%CCZ FY2023: +0.1%CCZ FY2024: +1.8%CCZ FY2025: -0.0%VZ FY2019: +0.8%VZ FY2020: -2.7%VZ FY2021: +4.1%VZ FY2022: +2.4%VZ FY2023: -2.1%VZ FY2024: +0.6%VZ FY2025: +2.5%FY19FY20FY21FY22FY23FY24FY25
CCZ -0.0%VZ +2.5%
Free cash flow
CCZ FY2018: $14.5BCCZ FY2019: $15.7BCCZ FY2020: $15.6BCCZ FY2021: $20BCCZ FY2022: $15.8BCCZ FY2023: $16.3BCCZ FY2024: $15.5BCCZ FY2025: $21.9BVZ FY2018: $17.7BFY18FY19FY20FY21FY22FY23FY24FY25
CCZ $21.9BVZ $17.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Comcast and Verizon Communications

Which is bigger by revenue, Comcast or Verizon Communications?

Verizon Communications is bigger by revenue: $138.2B in fiscal 2025, against $123.7B for Comcast in fiscal 2025.

Which keeps more of its revenue as profit, Comcast or Verizon Communications?

Comcast had a net margin of 16.2% in fiscal 2025; Verizon Communications had 12.4% in fiscal 2025.

Which grew revenue faster, Comcast or Verizon Communications?

In their latest fiscal years revenue changed by -0.0% at Comcast and +2.5% at Verizon Communications.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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