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Chunghwa Telecom vs VEON: revenue, profit, margins and growth compared

Chunghwa Telecom brought in $7B of revenue in fiscal 2024, VEON $4.4B in fiscal 2025. Revenue changed by -3.8% at Chunghwa Telecom and +9.9% at VEON on the year before, so VEON grew faster. Chunghwa Telecom kept 16.2% of its revenue as net profit, VEON 13.4%.

Open the CHT pageOpen the VEON page

Side by side, latest fiscal year

CHTVEON
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$7B$4.4B
Revenue growth-3.8%+9.9%
Net income$1.1B$591M
Net margin16.2%13.4%
Free cash flow$1.5Bn/a
Free cash flow margin22.0%n/a
Earnings per share (diluted)$0.15$0.30
Cash$1.1B$1.7B
Debtn/a$3.1B
Price to earningsn/an/a
Market value$35.8B$5.1B
Dividend yieldn/an/a
Rank by revenue in sector#11 of 51 · Telecommunications#14 of 51 · Telecommunications

Over the years

Revenue
CHT FY2017: $7.7BCHT FY2018: $7BCHT FY2019: $6.9BCHT FY2020: $7.4BCHT FY2021: $7.6BCHT FY2022: $7.1BCHT FY2023: $7.3BCHT FY2024: $7BVEON FY2018: $9.1BVEON FY2019: $8.1BVEON FY2020: $3.5BVEON FY2021: $3.9BVEON FY2022: $3.8BVEON FY2023: $3.7BVEON FY2024: $4BVEON FY2025: $4.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CHT $7BVEON $4.4B
Net income
CHT FY2017: $1.3BCHT FY2018: $1.2BCHT FY2019: $1.1BCHT FY2020: $1.2BCHT FY2021: $1.3BCHT FY2022: $1.2BCHT FY2023: $1.2BCHT FY2024: $1.1BVEON FY2018: $362MVEON FY2019: $683MVEON FY2020: -$316MVEON FY2021: $801MVEON FY2022: -$9MVEON FY2023: -$2.5BVEON FY2024: $487MVEON FY2025: $591MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CHT $1.1BVEON $591M
Net margin
CHT FY2017: 17.1%CHT FY2018: 17.4%CHT FY2019: 15.9%CHT FY2020: 16.1%CHT FY2021: 16.9%CHT FY2022: 16.8%CHT FY2023: 16.6%CHT FY2024: 16.2%VEON FY2018: 4.0%VEON FY2019: 8.4%VEON FY2020: -9.1%VEON FY2021: 20.8%VEON FY2022: -0.2%VEON FY2023: -66.3%VEON FY2024: 12.2%VEON FY2025: 13.4%FY17FY18FY19FY20FY21FY22FY23FY24FY25
CHT 16.2%VEON 13.4%
Revenue growth
CHT FY2018: -8.3%CHT FY2019: -1.4%CHT FY2020: +6.6%CHT FY2021: +2.6%CHT FY2022: -7.1%CHT FY2023: +3.3%CHT FY2024: -3.8%VEON FY2019: -11.0%VEON FY2020: -57.0%VEON FY2021: +10.6%VEON FY2022: -2.5%VEON FY2023: -1.5%VEON FY2024: +8.3%VEON FY2025: +9.9%FY18FY19FY20FY21FY22FY23FY24FY25
CHT -3.8%VEON +9.9%
Free cash flow
CHT FY2017: $1.5BCHT FY2018: $1.2BCHT FY2019: $1.6BCHT FY2020: $1.8BCHT FY2021: $1.4BCHT FY2022: $1.4BCHT FY2023: $1.4BCHT FY2024: $1.5BVEON FY2020: $1.9BFY17FY18FY19FY20FY21FY22FY23FY24
CHT $1.5BVEON $1.9B

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

Questions about Chunghwa Telecom and VEON

Which is bigger by revenue, Chunghwa Telecom or VEON?

Chunghwa Telecom is bigger by revenue: $7B in fiscal 2024, against $4.4B for VEON in fiscal 2025.

Which keeps more of its revenue as profit, Chunghwa Telecom or VEON?

Chunghwa Telecom had a net margin of 16.2% in fiscal 2024; VEON had 13.4% in fiscal 2025.

Which grew revenue faster, Chunghwa Telecom or VEON?

In their latest fiscal years revenue changed by -3.8% at Chunghwa Telecom and +9.9% at VEON.

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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