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, 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: 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
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, 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: 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, 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: 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, 2023 | 3.05% | 7.94% |
| Dec 31, 2022 | 5.60% | 5.43% |
| Dec 31, 2021 | 6.02% | 8.36% |
| Dec 31, 2020 | 5.62% | 4.69% |
| 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: 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).