Telecom services
31 companies · $584B combined revenue · $91.2B operating profit
The typical US-listed telecom services company grew revenue 2.7% and earnings 5.1% in its latest year, at a 16.3% operating margin, and 5 of 28 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 0% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more16%
- Operating leverage · Operating income growing faster than a growing revenue50%
- Margin expansion · Operating margin up 1 point or more47%
- Debt reduction · Debt down 5% or more, or net cash50%
Combined revenue · 20 companies reporting in US dollars
Combined operating margin
All 31 companies
| Median | – | 2.7% | 5.1% | 16.3% | 8.6% | 1.37x |
| VZVerizon Communications | $138B | 2.5%▼ | -1.9%▼ | 21.2%▲ | 8.6%▼ | 1.50x▼ |
| TMUST-Mobile US | $88.3B | 8.5%▲ | -3.1%▼ | 20.7%▲ | 9.4%▲ | 1.46x▼ |
| TAT&T | $126B | 2.7% | 101%▲ | 19.2%▲ | 6.6%▼ | 1.14x▲ |
| CMCSAComcast | $124B | -0%▼ | 23.5%▲ | 16.7%▲ | 8.6%▲ | 1.02x▲ |
| AMXAmerica Movil Sab de CV/ | MXN 944B | 8.6%▲ | 219%▲ | 20.3%▲ | 14.7%▲ | 1.45x▼ |
| CHTChunghwa Telecom | TWD 236B | 2.7%▼ | 5.1% | 20.6%▲ | 10.7%▲ | 0.01x▲ |
| VODVodafone Group Public | EUR 37.4B | 2%▼ | -349%▼ | -1.1%▼ | – | 1.01x▲ |
| ECHOEchoStar | $15.0B | -5.2%▼ | – | -118%▼ | -57.8%▼ | 3.24x▼ |
| BCEBCE | CAD 24.5B | 0.2%▼ | 1637%▲ | 38.8%▲ | 14.1%▲ | 1.78x▼ |
| RCIRogers Communications | CAD 21.7B | 5.4%▲ | 298%▲ | 45.2%▲ | 13.2%▲ | 2.25x▼ |
| ASTSAST SpaceMobile | $71M | 413%▲ | – | – | – | 0.93x▲ |
| TIGOMillicom International Cellular | $5.8B | 0.3%▼ | 408%▲ | 28.2%▲ | – | 1.89x▼ |
| CHTRCharter Communications | $54.8B | -0.6%▼ | -1.9%▼ | 23.6%▲ | 9.2%▲ | 5.90x▼ |
| SKMSK Telecom | KRW 17.10T | -4.7%▼ | -73%▼ | 6.1%▼ | 4.4%▼ | 0.00x▲ |
| TUTELUS | CAD 20.5B | 0.6%▼ | -17.2%▼ | 11.5%▼ | 4.7%▼ | 1.80x▼ |
| GSATGlobalstar | $273M | 9%▲ | – | 2.7%▼ | 0.4%▼ | 1.36x▲ |
| TIMBTIM | BRL 26.6B | 4.6%▲ | 36.7%▲ | 23.8%▲ | 15.2%▲ | 0.12x▲ |
| KTKT | KRW 28.25T | 7.1%▲ | 349%▲ | 8.9%▼ | 8.1%▼ | 0.61x▲ |
| VSATViasat | $4.6B | 2.7%▼ | – | 2.3%▼ | 0.8%▼ | 1.38x▼ |
| VEONVEON | $4.4B | 9.9%▲ | 21.4%▲ | 32.7%▲ | 24.9%▲ | 2.35x▼ |
| IRDMIridium Communications | $872M | 4.9%▲ | 1.4%▼ | 27.1%▲ | 9.8%▲ | 3.81x▼ |
| LUMNLumen Technologies | $11.3B | -6.6%▼ | – | -7.2%▼ | -2.7%▼ | – |
| TKCTurkcell Iletisim Hizmetleri A S | TRY 241B | 10.7%▲ | -42.8%▼ | 15.9%▼ | 9.4%▲ | 0.61x▲ |
| TDSTelephone & Data Systems | $1.1B | -9%▼ | – | -9.1%▼ | -1.2%▼ | 0.17x▲ |
| ADArray Digital Infrastructure | $163M | -95.6%▼ | – | -56.8%▼ | -2.1%▼ | 0.26x▲ |
| IHSIHS | $1.6B | 3.6%▲ | – | 51.9%▲ | 25%▲ | – |
| LBTYALiberty Global | $4.9B | 12.4%▲ | -550%▼ | -0.5%▼ | -0.1%▼ | 0.88x▲ |
| KYIVKyivstar | $1.2B | 25.9%▲ | -56.2%▼ | 23.7%▲ | 16.9%▲ | – |
| TSATTelesat | CAD 418M | -26.8%▼ | – | -72.7%▼ | -9.2%▼ | 6.58x▼ |
| CALXCALIX | $1.0B | 20.3%▲ | – | 2.1%▼ | 2.3%▼ | – |
| IDTIDT | $1.3B | 5.4%▲ | 13.8%▲ | 9.3%▼ | 29.4%▲ | – |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).