Return on Assets (ROA)
since 2005
Calculation
Verizon Communications Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Verizon1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 4.25% | = | 100 | × | 17,174) | ÷ | 404,258) |
| Dec 31, 2024 | 4.55% | = | 100 | × | 17,506) | ÷ | 384,711) |
| Dec 31, 2023 | 3.05% | = | 100 | × | 11,614) | ÷ | 380,255) |
| Dec 31, 2022 | 5.60% | = | 100 | × | 21,256) | ÷ | 379,680) |
| Dec 31, 2021 | 6.02% | = | 100 | × | 22,065) | ÷ | 366,596) |
| Dec 31, 2020 | 5.62% | = | 100 | × | 17,801) | ÷ | 316,481) |
| Dec 31, 2019 | 6.60% | = | 100 | × | 19,265) | ÷ | 291,727) |
| Dec 31, 2018 | 5.86% | = | 100 | × | 15,528) | ÷ | 264,829) |
| Dec 31, 2017 | 11.71% | = | 100 | × | 30,101) | ÷ | 257,143) |
| Dec 31, 2016 | 5.38% | = | 100 | × | 13,127) | ÷ | 244,180) |
| Dec 31, 2015 | 7.31% | = | 100 | × | 17,879) | ÷ | 244,640) |
| Dec 31, 2014 | 4.14% | = | 100 | × | 9,625) | ÷ | 232,708) |
| Dec 31, 2013 | 4.19% | = | 100 | × | 11,497) | ÷ | 274,098) |
| Dec 31, 2012 | 0.39% | = | 100 | × | 875) | ÷ | 225,222) |
| Dec 31, 2011 | 1.04% | = | 100 | × | 2,404) | ÷ | 230,461) |
| Dec 31, 2010 | 1.16% | = | 100 | × | 2,549) | ÷ | 220,005) |
| Dec 31, 2009 | 1.61% | = | 100 | × | 3,651) | ÷ | 227,251) |
| Dec 31, 2008 | 3.18% | = | 100 | × | 6,428) | ÷ | 202,352) |
| Dec 31, 2007 | 2.95% | = | 100 | × | 5,521) | ÷ | 186,959) |
| Dec 31, 2006 | 3.28% | = | 100 | × | 6,197) | ÷ | 188,804) |
| Dec 31, 2005 | 4.40% | = | 100 | × | 7,397) | ÷ | 168,130) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The Return on Assets (ROA) exhibited considerable fluctuation over the period from 2005 to 2025. Initial values demonstrated a generally decreasing trend, followed by a period of significant volatility and then a stabilization before a final decline.
- Initial Decline (2005-2009)
- From 2005 to 2009, ROA decreased from 4.40% to 1.61%. This represents a substantial reduction, indicating a diminishing ability to generate profit from its asset base. The decline suggests potential inefficiencies in asset utilization or a decrease in profitability during this timeframe.
- Period of Low Performance (2010-2012)
- The years 2010 through 2012 saw consistently low ROA values, ranging from 1.16% to 0.39%. 2012 marked the lowest point in the observed period, suggesting significant challenges in converting investments into net income. This period reflects a particularly weak performance in asset utilization.
- Significant Improvement and Volatility (2013-2017)
- A dramatic increase in ROA occurred between 2013 and 2017, rising from 4.19% to a peak of 11.71% in 2017. This improvement coincided with a substantial increase in net income. However, this period also demonstrated volatility, with ROA fluctuating considerably year-over-year. The large increase in 2015 and 2017 suggests potentially impactful, but not necessarily consistent, improvements in profitability or asset efficiency.
- Stabilization and Subsequent Decline (2018-2025)
- Following the peak in 2017, ROA experienced a decline to 5.86% in 2018, followed by a period of relative stability between approximately 5.6% and 6.6% through 2020. From 2021 onwards, a downward trend is observed, culminating in a value of 4.25% in 2025. This recent decline suggests a renewed challenge in generating returns from the asset base, potentially due to increased asset levels without a corresponding increase in net income.
Overall, the ROA trend indicates a company that has experienced periods of both strong and weak performance. The significant fluctuations suggest sensitivity to external factors or internal strategic shifts. The recent decline warrants further investigation to determine the underlying causes and potential corrective actions.
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Comparison to Competitors
Verizon Communications Inc., ROA, long-term trends, comparison to competitors
| Verizon Communications Inc. | AT&T Inc. | T-Mobile US Inc. | |
|---|---|---|---|
| Dec 31, 2025 | 4.25% | 5.22% | 5.01% |
| Dec 31, 2024 | 4.55% | 2.77% | 5.45% |
| Dec 31, 2023 | 3.05% | 3.54% | 4.00% |
| Dec 31, 2022 | 5.60% | -2.12% | 1.23% |
| Dec 31, 2021 | 6.02% | 3.64% | 1.46% |
| Dec 31, 2020 | 5.62% | -0.98% | 1.53% |
| Dec 31, 2019 | 6.60% | 2.52% | 3.99% |
| Dec 31, 2018 | 5.86% | 3.64% | 3.99% |
| Dec 31, 2017 | 11.71% | 6.63% | 6.43% |
| Dec 31, 2016 | 5.38% | 3.21% | 2.22% |
| Dec 31, 2015 | 7.31% | 3.31% | 1.17% |
| Dec 31, 2014 | 4.14% | 2.13% | 0.44% |
| Dec 31, 2013 | 4.19% | 6.57% | 0.07% |
| Dec 31, 2012 | 0.39% | 2.67% | — |
| Dec 31, 2011 | 1.04% | 1.46% | — |
| Dec 31, 2010 | 1.16% | 7.40% | — |
| Dec 31, 2009 | 1.61% | 4.66% | — |
| Dec 31, 2008 | 3.18% | 4.85% | — |
| Dec 31, 2007 | 2.95% | 4.34% | — |
| Dec 31, 2006 | 3.28% | 2.72% | — |
| Dec 31, 2005 | 4.40% | 3.29% | — |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Telecommunication Services)
Verizon Communications Inc., ROA, long-term trends, comparison to sector (telecommunication services)
| Verizon Communications Inc. | Telecommunication Services | |
|---|---|---|
| Dec 31, 2025 | 4.25% | 4.80% |
| Dec 31, 2024 | 4.55% | 4.03% |
| Dec 31, 2023 | 3.05% | 3.45% |
| Dec 31, 2022 | 5.60% | 1.54% |
| Dec 31, 2021 | 6.02% | 4.02% |
| Dec 31, 2020 | 5.62% | 1.51% |
| Dec 31, 2019 | 6.60% | 3.94% |
| Dec 31, 2018 | 5.86% | 4.35% |
| Dec 31, 2017 | 11.71% | 8.30% |
| Dec 31, 2016 | 5.38% | 3.86% |
| Dec 31, 2015 | 7.31% | 4.50% |
| Dec 31, 2014 | 4.14% | 2.76% |
| Dec 31, 2013 | 4.19% | 4.95% |
| Dec 31, 2012 | 0.39% | 1.64% |
| Dec 31, 2011 | 1.04% | 1.27% |
| Dec 31, 2010 | 1.16% | 4.59% |
| Dec 31, 2009 | 1.61% | 3.26% |
| Dec 31, 2008 | 3.18% | 4.13% |
| Dec 31, 2007 | 2.95% | 3.78% |
| Dec 31, 2006 | 3.28% | 2.95% |
| Dec 31, 2005 | 4.40% | 3.88% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Verizon Communications Inc., ROA, long-term trends, comparison to industry (communication services)
| Verizon Communications Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2025 | 4.25% | 11.30% |
| Dec 31, 2024 | 4.55% | 10.40% |
| Dec 31, 2023 | 3.05% | 7.93% |
| Dec 31, 2022 | 5.60% | 5.42% |
| Dec 31, 2021 | 6.02% | 8.36% |
| Dec 31, 2020 | 5.62% | 4.70% |
| Dec 31, 2019 | 6.60% | 6.30% |
| Dec 31, 2018 | 5.86% | 7.37% |
| Dec 31, 2017 | 11.71% | 9.22% |
| Dec 31, 2016 | 5.38% | 6.13% |
| Dec 31, 2015 | 7.31% | 5.86% |
| Dec 31, 2014 | 4.14% | 4.94% |
| Dec 31, 2013 | 4.19% | 5.87% |
| Dec 31, 2012 | 0.39% | 3.63% |
| Dec 31, 2011 | 1.04% | 3.13% |
| Dec 31, 2010 | 1.16% | 5.26% |
| Dec 31, 2009 | 1.61% | 4.17% |
| Dec 31, 2008 | 3.18% | 4.53% |
| Dec 31, 2007 | 2.95% | 4.38% |
| Dec 31, 2006 | 3.28% | 3.48% |
| Dec 31, 2005 | 4.40% | 3.57% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).