VERIZON COMMUNICATIONS INC

VZ · Communications · $183.2B mkt cap · FY2025 filings · Shallow moat

Doesn't clear the bar

Shallow moat

The four filters

Pricing power100

Median gross margin 82.4% over 2y, very stable.

Returns on capital57

Median ROIC 10.9%, above the 9% hurdle in 90% of years.

Balance-sheet safety21

Net debt/EBITDA 2.9x, interest coverage 4x.

Capital discipline41

Owner earnings +3.0%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

6% below value

Owner earnings (normalized): $17.5B
Est. intrinsic value / share: $46.12
Recent price: $43.43
Discount to value: 6% below value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell VZ. See the disclaimer.