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

Qwest brought in $4.7B of revenue in fiscal 2025, Verizon Communications $138.2B in fiscal 2025. Revenue changed by -13.8% at Qwest and +2.5% at Verizon Communications on the year before, so Verizon Communications grew faster. Qwest kept -27.9% of its revenue as net profit, Verizon Communications 12.4%.

Side by side, latest fiscal year

CTGGVZ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.7B$138.2B
Revenue growth-13.8%+2.5%
Net income-$1.3B$17.2B
Net margin-27.9%12.4%
Free cash flow$938Mn/a
Free cash flow margin19.8%n/a
Earnings per share (diluted)n/a$4.06
Cash$39M$19B
Debt$1.7B$18.6B
Price to earningsn/a11.6
Market value$0$195.6B
Dividend yieldn/a5.81%
Rank by revenue in sector#13 of 65 · Telecommunications#1 of 65 · Telecommunications

Over the years

Revenue
CTGG FY2018: $8.4BCTGG FY2019: $8.1BCTGG FY2020: $7.3BCTGG FY2021: $7BCTGG FY2022: $6.4BCTGG FY2023: $5.9BCTGG FY2024: $5.5BCTGG FY2025: $4.7BVZ FY2018: $130.9BVZ FY2019: $131.9BVZ FY2020: $128.3BVZ FY2021: $133.6BVZ FY2022: $136.8BVZ FY2023: $134BVZ FY2024: $134.8BVZ FY2025: $138.2BFY18FY19FY20FY21FY22FY23FY24FY25
CTGG $4.7BVZ $138.2B
Net income
CTGG FY2018: $1.7BCTGG FY2019: $1.8BCTGG FY2020: $1.7BCTGG FY2021: $2.1BCTGG FY2022: $1.9BCTGG FY2023: -$831MCTGG FY2024: $1.5BCTGG FY2025: -$1.3BVZ FY2018: $15.5BVZ FY2019: $19.3BVZ FY2020: $17.8BVZ FY2021: $22.1BVZ FY2022: $21.3BVZ FY2023: $11.6BVZ FY2024: $17.5BVZ FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25
CTGG -$1.3BVZ $17.2B
Net margin
CTGG FY2018: 19.8%CTGG FY2019: 22.7%CTGG FY2020: 23.3%CTGG FY2021: 30.3%CTGG FY2022: 29.8%CTGG FY2023: -14.0%CTGG FY2024: 27.0%CTGG FY2025: -27.9%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
CTGG -27.9%VZ 12.4%
Revenue growth
CTGG FY2019: -4.1%CTGG FY2020: -9.2%CTGG FY2021: -5.0%CTGG FY2022: -7.2%CTGG FY2023: -8.3%CTGG FY2024: -6.9%CTGG FY2025: -13.8%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
CTGG -13.8%VZ +2.5%
Free cash flow
CTGG FY2018: $2.8BCTGG FY2019: $2.3BCTGG FY2020: $2BCTGG FY2021: $2.2BCTGG FY2022: $1.8BCTGG FY2023: $1.3BCTGG FY2024: $1.1BCTGG FY2025: $938MVZ FY2018: $17.7BFY18FY19FY20FY21FY22FY23FY24FY25
CTGG $938MVZ $17.7B

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

Questions about Qwest and Verizon Communications

Which is bigger by revenue, Qwest or Verizon Communications?

Verizon Communications is bigger by revenue: $138.2B in fiscal 2025, against $4.7B for Qwest in fiscal 2025.

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

Qwest had a net margin of -27.9% in fiscal 2025; Verizon Communications had 12.4% in fiscal 2025.

Which grew revenue faster, Qwest or Verizon Communications?

In their latest fiscal years revenue changed by -13.8% at Qwest 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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