| Stage | VZ | % of rev | T | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $34.3B | 100.00% | $32.3B | 100.00% | VZ ×1.06 |
| Gross profit | $21.2B | 61.86% | $19.9B | 61.51% | VZ +0.4pp |
| Operating income | $8.7B | 25.21% | $4.1B | 12.67% | VZ +12.5pp |
| Pre-tax income | $6.8B | 19.87% | $2.7B | 8.34% | VZ +11.5pp |
| Net income | $5.3B | 15.50% | $1.3B | 3.93% | VZ +11.6pp |
| Stage | VZ | T | Gap · A − B |
|---|---|---|---|
| Revenue | $34.3B100.00% | $32.3B100.00% | VZ ×1.06 |
| Gross profit | 61.86%$21.2B | 61.51%$19.9B | VZ +0.4pp |
| Operating income | 25.21%$8.7B | 12.67%$4.1B | VZ +12.5pp |
| Pre-tax income | 19.87%$6.8B | 8.34%$2.7B | VZ +11.5pp |
| Net income | 15.50% |
| 3.93%$1.3B |
| VZ +11.6pp |
VZ · AMT 10-KFeb 24 '26
“For the year ended December 31, 2025 2024 2023 T-Mobile 18 % 19 % 19 % AT&T 17 % 18 % 18 % Verizon Wireless 14 % 13 % 14 %”
T · AMT 10-KFeb 24 '26
“For the year ended December 31, 2025 2024 2023 T-Mobile 18 % 19 % 19 % AT&T 17 % 18 % 18 %”
VZ · CCI 10-KMar 14 '25
“Verizon Wireless 19 % 19 % 18 %”
T · CCI 10-KMar 14 '25
“AT&T 19 % 19 % 18 %”
VZ · SBAC 10-KFeb 26 '25
“Verizon Wireless 20.1 % 16.8 % 7.8 %”
T · SBAC 10-KFeb 26 '25
“Domestic site leasing revenues increased $14.9 million for the year ended December 31, 2024, as compared to the prior year, primarily due to (1) organic site leasing growth , primarily from monetary lease amendments (due in part to our 2023 MLA with AT&T) and additional equipment added to our towers as well as new leases and contractual rent escalators and (2) revenues from 130 towers acquired and 39 towers built since January 1, 2023 , partially offset by lease non-renewals.”
VZ · DY 10-KMar 9 '26
“Verizon Communications Inc. (2) 778.1 14.0 %”
T · DY 10-KFeb 28 '25
“During fiscal 2025, we derived approximately 20.1% of our total contract revenues from AT&T Inc., 12.1% from Lumen Technologies Inc., 8.5% from Comcast Corporation, 7.3% from Charter Communications, Inc., and 7.4% from another customer.”
VZ · TDS 10-KFeb 24 '26
“On October 17, 2024, Array entered into the Verizon License Purchase Agreement to sell certain AWS, Cellular and PCS wireless spectrum licenses and agreed to grant Verizon certain rights to lease such licenses prior to the transaction close.”
T · TDS 10-KFeb 24 '26
“3.45 GHz and 700 MHz AT&T $ 1,018,044 $ 860,145 November 6, 2024 January 13, 2026”
VZ · ASTS 10-KMar 2 '26
“On May 23, 2024, AST LLC and Verizon entered into a Memorandum of Understanding which provides, among other things, that Verizon will make a $45.0 million commercial payment for prepaid service revenue, creditable against future service revenue of AST LLC, subject to us receiving certain regulatory approvals for our SpaceMobile Service and entry into a definitive commercial agreement.”
T · ASTS 10-KMar 2 '26
“We have entered into a space-based wireless connectivity agreement with AT&T to provide SpaceMobile Service to AT&T's end users for use within the continental United States (excluding Alaska) and Hawaii.”
VZ · NN 10-KMar 17 '26
“Our Pinnacle system is primarily used for public safety applications, including E911 for Verizon Communications, Inc. ("Verizon"), and a growing number of devices operating on the remaining national cellular network providers.”
T · NN 10-KMar 17 '26
“Equipment, Network Colocation and Installation Agreement, dated October 7, 2019, by and between NextNav, LLC and AT&T Services, Inc.”
VZ · ARLO 10-KFeb 27 '26
“We supply our products to major wireless carriers around the world, including AT&T, T-Mobile, Verizon, Telstra and Vodafone.”
T · ARLO 10-KFeb 27 '26
“We supply our products to major wireless carriers around the world, including AT&T, T-Mobile, Verizon, Telstra and Vodafone.”
VZ · OPTU 10-KFeb 13 '26
“We have entered into interconnection agreements with Verizon for New York, New Jersey, and portions of Connecticut (including agreements with former Frontier operations for portions of Connecticut), which have been approved by the respective state commissions.”
T · OPTU 10-KFeb 13 '26
“To support our mobile business, we have a nationwide mobile core network with multiple interconnection points (including Texas, California, Illinois, and two in New York), as well as the necessary interconnection points for our network partners T-Mobile and AT&T Inc. ("AT&T"), Appalachian Wireless and US Cellular.”
VZ · ATNI 10-KMar 16 '26
“On May 10, 2023, we entered into a Carrier Managed Services Master Agreement (the "Verizon CMS Agreement") with Cellco Partnership d/b/a Verizon Wireless ("Verizon"), pursuant to which we will provide a variety of network, infrastructure and technical services that will help deliver next generation wireless services to Verizon's subscribers in our current operating areas in the southwestern US.”
T · ATNI 10-KMar 16 '26
“In July 2019, we entered into a Network Build and Maintenance Agreement with AT&T Mobility, LLC ("AT&T") that we subsequently amended through March 31, 2025 (the "FirstNet Agreement").”
VZ · CHPT 10-KApr 2 '26
“ChargePoint depends on connectivity from its charging stations to its data centers through several cellular service providers, such as Verizon, AT&T, Vodafone, and Semtech Corporation.”
T · CHPT 10-KApr 2 '26
“ChargePoint depends on connectivity from its charging stations to its data centers through several cellular service providers, such as Verizon, AT&T, Vodafone, and Semtech Corporation.”
VZ · INSG 10-KFeb 20 '26
“These mobile operators include T-Mobile, Verizon Wireless, and AT&T in the United States, Rogers and Telus in Canada, and various companies in other vertical markets.”
T · INSG 10-KFeb 20 '26
“These mobile operators include T-Mobile, Verizon Wireless, and AT&T in the United States, Rogers and Telus in Canada, and various companies in other vertical markets.”
VZ · AD 10-KFeb 20 '26
“A substantial portion of Array revenues are derived from a small number of tenants concentrated in the wireless industry including Verizon, AT&T and particularly T-Mobile (collectively, large carriers).”
T · AD 10-KFeb 20 '26
“A substantial portion of Array revenues are derived from a small number of tenants concentrated in the wireless industry including Verizon, AT&T and particularly T-Mobile (collectively, large carriers).”
VZ · SSTI 10-KMar 30 '26
“We rely on wireless carriers, mainly AT&T and Verizon, to provide access to wireless networks for machine-to-machine data transmissions, which are an integral part of our services.”
T · SSTI 10-KMar 30 '26
“We rely on wireless carriers, mainly AT&T and Verizon, to provide access to wireless networks for machine-to-machine data transmissions, which are an integral part of our services.”