The Filing Desk

BCE vs Verizon

BCE BCE · Verizon VZ · Integrated Telecommunication Services

BCE reported revenue of C$24.5 billion in fiscal 2025, and Verizon $138.2 billion in fiscal 2025, in different currencies. BCE's revenue grew 0.2% in its latest year, and Verizon's grew 2.5%. Free cash flow was C$3.3 billion at BCE and $20.1 billion at Verizon.

Side by side

BCEVerizon
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
RevenueC$24.5B$138.2B
Revenue growth0.2%2.5%
Revenue growth a year, last 5 years1.3%1.5%
Gross margin68.5%—
Operating margin—21.2%
Net margin26.6%12.4%
Free cash flowC$3.3B$20.1B
Free cash flow margin13.5%14.6%
Return on capital—9.4%
Net debt to EBITDA—2.9x
Dividends and buybacksC$2.4B$11.5B
Change in diluted share count1.8%0.2%
Last close$20.25$43.10
P/E at the last close—11.2×
Insider trades, last 12 months—sold $16.0 million
Piotroski F-score6 of 95 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
In each company's own currency, fiscal years
BCEVerizon
Operating margin
Percent of revenue
BCEVerizon
Free cash flow
In each company's own currency. Cash from operations minus capital expenditure.
BCEVerizon

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the BCE and Verizon pages.