VZ vs TMUS vs TIGO Stock Comparison

Verizon Communications, T-Mobile US and Millicom International Cellular Prices as of Oct 23, 2026 Peers: Industry group
VZ Verizon Communications Inc
$44.63 -4.1% 1M +16.2% 1Y
Market cap
$179.66B
P/E
11.1x
Revenue (TTM)
$138.90B
Div. yield
–
Wireless Carriers Communication Services
5 wins
TMUS T-Mobile US, Inc.
$146.54 -11.5% 1M -33.4% 1Y
Market cap
$157.71B
P/E
14.9x
Revenue (TTM)
$92.19B
Div. yield
0.03%
Wireless Carriers Communication Services
1 win

Head to Head

11 decided of 12

Verizon Communications leads on 5 of the 12 questions below (Verizon Communications 5, Millicom International Cellular 5, T-Mobile US 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionVZTMUSTIGOLeader
Larger companyMarket capitalisation $179.66B $157.71B $13.15B VZ
Cheaper on earningsLower P/E, profitable companies only 11.1x 14.9x 19.8x VZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.6x 12.9x 20.6x VZ
Faster revenue growthRevenue growth, trailing twelve months +1.4% +9.7% +29.4% TIGO
More profitableNet margin, trailing twelve months 11.6% 11.5% 9.2% VZ
Better return on capitalReturn on invested capital 8.0% 9.9% 16.8% TIGO
Less leveragedLower net debt / EBITDA 3.4x 2.5x 2.0x TIGO
Higher dividend yieldTrailing dividend yield 0.00% 0.03% 0.00% –
Better 1-year returnPrice return, last 12 months +16.2% -33.4% +65.1% TIGO
Better 5-year returnAnnualised price return, 5 years -3.4%/yr +4.6%/yr +16.5%/yr TIGO
Less volatileAnnualised volatility, 1 year 27.8% 35.6% 42.1% VZ
Higher overall scoreMean of the five percentile scores vs peers 55/100 67/100 55/100 TMUS

Percentile Scorecard

VZTMUSTIGO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisVZTMUSTIGO
Valuation 56 #22 of 49 48 #26 of 49 46 #27 of 49
Growth 36 #30 of 46 78 #11 of 46 71 #14 of 46
Profitability 73 #13 of 46 87 #7 of 46 80 #10 of 46
Financial Health 33 #34 of 50 43 #29 of 50 25 #38 of 50
Shareholder Returns 77 #9 of 36 80 #8 of 36 51 #18 of 36
Overall 55 67 55
  • VZ ranked among 51 companies in Telecommunications
  • TMUS ranked among 51 companies in Telecommunications
  • TIGO ranked among 51 companies in Telecommunications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodVZTMUSTIGOSPY
1 month -4.1%-11.5%-14.8% -1.0%
3 months -3.9%-18.6%-17.1% +2.9%
6 months -3.8%-22.8%-6.8% +6.4%
Year to date +9.6%-27.8%+41.3% +11.4%
1 year +16.2%-33.4%+65.1% +13.1%
3 years +30.1%+3.9%+427.2% +79.4%
3 years, per year +9.2%+1.3%+74.1% +21.5%
5 years -15.7%+25.4%+114.7% +67.7%
5 years, per year -3.4%+4.6%+16.5% +10.9%
10 years -7.4%+213.5%— +255.2%
10 years, per year -0.8%+12.1%— +13.5%

Risk

MeasureVZTMUSTIGOSPY
Volatility, 1Y 27.8%35.6%42.1% 12.7%
Downside volatility, 1Y 27.8%42.0%44.5% 12.7%
Beta vs S&P 500, 1Y -0.40-0.380.32 1.00
Return / volatility, 1Y 0.58-0.941.54 1.03
Max drawdown, 5Y -44.3%-46.3%-71.3% -25.4%
From 52-week high -13.1%-34.0%-24.9% -2.5%
52-week high $51.38$221.98$104.31 $779.14
52-week low $38.40$146.54$45.81 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleVZTMUSTIGO
P/E now vs peer median 11.5xmedian 11.6x 15.0xmedian 11.6x 19.7xmedian 11.6x
P/S now vs peer median 1.3xmedian 1.1x 1.7xmedian 1.1x 1.8xmedian 1.1x
EV/EBITDA now vs peer median 7.3xmedian 6.9x 7.3xmedian 6.9x 5.9xmedian 6.9x
P/FCF now vs peer median 8.6xmedian 5.6x 8.6xmedian 5.6x 22.4xmedian 5.6x
P/B now vs peer median 1.8xmedian 1.3x 2.8xmedian 1.3x 5.3xmedian 1.3x
PEG now vs peer median -1.42median 0.24 0.63median 0.24 0.06median 0.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsVZTMUSTIGO
Revenue $138.90B $92.19B $7.24B
Gross profit $81.57B $57.33B –
Operating income $28.53B $18.25B $1.74B
Net income $16.60B $10.56B $646.00M
Free cash flow $21.53B $18.40B $590.00M
EPS (diluted) $3.88 $9.76 $3.96
Cash & equivalents $1.75B $2.83B $861.00M
Total debt $165.23B $84.62B $26.42B
Shares (diluted) 4.17B 1.08B 168.00M
Enterprise value $142.79B $142.46B $7.90B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricVZTMUSTIGO
P/E 11.5x 15.0x 19.7x
P/FCF 8.6x 8.6x 22.4x
P/Operating cash flow 4.8x 5.5x 22.4x
P/S 1.3x 1.7x 1.8x
P/B 1.8x 2.8x 5.3x
P/Tangible book -3.5x -3.8x -2.1x
EV/EBITDA 7.3x 7.3x 5.9x
EV/EBIT 12.2x 13.1x 11.5x
EV/Revenue 2.5x 2.6x 2.8x
EV/FCF 16.2x 13.0x 33.9x
EV/Operating cash flow 9.0x 8.3x 33.9x
PEG (3Y EPS CAGR) -1.42 0.63 0.06

Growth

14 metrics
MetricVZTMUSTIGO
Revenue growth (1Y) 1.4% 9.7% 29.4%
Revenue CAGR (3Y) 1.0% 5.5% 9.4%
Gross profit growth (1Y) -1.5% 7.2% –
Gross profit CAGR (3Y) 1.3% 7.2% –
Operating income growth (1Y) -3.3% -5.9% 20.0%
Operating income CAGR (3Y) -1.6% 17.6% 28.3%
Net income growth (1Y) -10.9% -13.5% -35.3%
Net income CAGR (3Y) -8.3% 19.8% 121.4%
EPS growth (1Y) -9.9% -9.4% -28.2%
EPS CAGR (3Y) -8.1% 23.8% 351.7%
Operating cash flow growth (1Y) 4.6% 13.0% -52.2%
Operating cash flow CAGR (3Y) 1.1% 18.9% -1.5%
Free cash flow growth (1Y) 7.0% 11.5% -52.2%
Free cash flow CAGR (3Y) 13.2% 62.0% -1.5%

Profitability

14 metrics
MetricVZTMUSTIGO
Gross margin 58.7% 62.2% –
EBITDA margin 34.2% 35.4% 47.1%
Operating margin 20.5% 19.8% 24.0%
Pretax margin 15.6% 15.0% 13.3%
Net margin 11.6% 11.5% 9.2%
FCF margin 15.5% 20.0% 8.2%
Operating cash flow margin 27.9% 31.3% 8.2%
Return on equity 15.8% 18.8% 22.8%
Return on assets 4.0% 4.9% 3.1%
Return on invested capital 8.0% 9.9% 16.8%
Return on capital employed 8.1% 9.6% 11.2%
Asset turnover 0.3x 0.4x 0.3x
Cash conversion (OCF / net income) 2.3x 2.7x 0.9x
Stock comp / revenue 0.5% 0.9% 0.1%

Financial Health

11 metrics
MetricVZTMUSTIGO
Debt / assets 40.3% 39.6% 37.0%
Debt / equity 1.6x 1.5x 3.1x
Net debt / EBITDA 3.4x 2.5x 2.0x
Debt / FCF 7.7x 4.6x 13.0x
Liabilities / assets 74.4% 73.7% 87.9%
Equity / assets 25.6% 26.3% 12.1%
Interest coverage 3.9x – 1.9x
Current ratio 0.6x 0.9x 0.5x
Quick ratio 0.5x 0.4x 0.3x
Cash ratio 0.0x 0.1x 0.2x
Altman Z-score 1.19 1.47 1.06

Shareholder Returns

7 metrics
MetricVZTMUSTIGO
Dividend yield 6.3% 2.8% 4.5%
Net buyback yield 1.9% 7.7% –
Shareholder yield 8.2% 10.4% 4.5%
Payout ratio (earnings) – 41.1% –
Payout ratio (FCF) – 23.6% –
Dividend growth (1Y) – 15.2% –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusVZTMUSTIGO
Forward P/E 8.6xFY2026 12.9xFY2026 20.6xFY2026
EPS, next fiscal year $5.20FY2026 $11.36FY2026 $3.80FY2026
EPS growth, next FY +10.4%FY2026 +16.9%FY2026 -51.5%FY2026
EPS growth, the year after +7.3% +30.5% +65.5%
Revenue, next fiscal year $146.21BFY2026 $96.73BFY2026 $9.17BFY2026
Revenue growth, next FY +5.8%FY2026 +9.5%FY2026 +57.6%FY2026
Revenue growth, the year after +0.3% +6.6% -4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersVZTMUSTIGO
Held by institutions 68.7% 43.1% 46.2%
Institutions holding 3,131 1,656 437
Change in shares held, QoQ +3.1% +4.7% +7.3%
Institutions buying 1,594 849 283
Institutions selling 1,246 630 127
Buyers to sellers 1.28 1.35 2.23

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

VZTMUSTIGO
VZ 1.00 0.67 0.13
TMUS 0.67 1.00 0.18
TIGO 0.13 0.18 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, VZ, TMUS and TIGO?

Verizon Communications (VZ) is the largest by market capitalisation: Verizon Communications (VZ) $179.66B, T-Mobile US (TMUS) $157.71B, Millicom International Cellular (TIGO) $13.15B.

Which stock is cheaper, VZ, TMUS and TIGO?

Verizon Communications (VZ) trades on the lowest price-to-earnings ratio (Verizon Communications (VZ) 11.1x, T-Mobile US (TMUS) 14.9x, Millicom International Cellular (TIGO) 19.8x). On next year's consensus earnings, Verizon Communications (VZ) is cheapest (Verizon Communications (VZ) 8.6x, T-Mobile US (TMUS) 12.9x, Millicom International Cellular (TIGO) 20.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Millicom International Cellular (TIGO) grew revenue fastest over the trailing twelve months: Verizon Communications (VZ) +1.4%, T-Mobile US (TMUS) +9.7%, Millicom International Cellular (TIGO) +29.4%.

Which company is more profitable?

Verizon Communications (VZ) has the highest net margin (Verizon Communications (VZ) 11.6%, T-Mobile US (TMUS) 11.5%, Millicom International Cellular (TIGO) 9.2%). On return on invested capital, Millicom International Cellular (TIGO) leads (Verizon Communications (VZ) 8.0%, T-Mobile US (TMUS) 9.9%, Millicom International Cellular (TIGO) 16.8%).

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Verizon Communications (VZ) +16.2%, T-Mobile US (TMUS) -33.4%, Millicom International Cellular (TIGO) +65.1%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Verizon Communications (VZ) -3.4%/yr, T-Mobile US (TMUS) +4.6%/yr, Millicom International Cellular (TIGO) +16.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Verizon Communications (VZ) 0.00%, T-Mobile US (TMUS) 0.03%, Millicom International Cellular (TIGO) 0.00%. Verizon Communications (VZ) and Millicom International Cellular (TIGO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Verizon Communications (VZ) has been the steadiest (Verizon Communications (VZ) 27.8%, T-Mobile US (TMUS) 35.6%, Millicom International Cellular (TIGO) 42.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, VZ, TMUS and TIGO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Verizon Communications (VZ) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.