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Telecom carriers

The 11 companies in this industry listed on the NYSE and Nasdaq are worth $524 bn combined; the largest are Verizon (VZ), T-Mobile US (TMUS) and AT&T (T). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
11 companies value 524 bn revenue 377 bn margin 13.0% free cash flow 76 bn avg. score 4.5
VZ holds 35.0% of the group's value, 1.1x the runner-up · TMUS leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 VZ Verizon
United States · score 7.9
35% 183 bn 139 bn 11.6% 39 bn 21.2% 6.3% Mobile, fiber and broadband in the United States · Largest US wireless revenue; high dividend with a long track record
2 TMUS T-Mobile US
United States · score 7.2
32% 167 bn 92 bn 11.5% 18 bn 11.0% 2.6% Mobile and 5G broadband in the United States · Best 5G network in the US; the only one of the big three consistently gaining customers
3 T AT&T
United States · score 7.3
30% 159 bn 127 bn 16.9% 18 bn 11.3% 5.0% Mobile and fiber in the United States · 2nd largest mobile operator; leader in fiber build-out
4 LUMN Lumen Technologies
United States · score 2.6
1% 4.6 bn 12 bn -8.7% 0.8 bn 18.2% 0.0% Fiber networks and digital services for businesses · Long-haul fiber network; capacity contracts with the AI clouds
5 TDS TELEPHONE & DATA SYSTEMS INC /DE/
United States · score 2.5
1% 3.8 bn 1.3 bn 33.2% -0.5 bn -11.8% 9.4% Broadband, video, voice and wireless, with 1.1 million connections · Illinois — revenue of $1.3bn
6 IDT IDT CORP
United States · score 5.5
0% 2.0 bn 1.3 bn 6.9% 0.1 bn 3.3% 0.3% Fintech and communications for underserved markets · New Jersey — revenue of $1.3bn
7 ATEX Anterix Inc.
United States · score 4.8
0% 1.5 bn 0.0 bn 933.0% 0.0 bn 0.7% — Largest holder of licensed 900 MHz spectrum in the US · New Jersey — revenue of $7m
8 UNIT Uniti Group Inc.
United States · score 5.2
0% 1.3 bn 3.5 bn 30.4% 0.5 bn 38.3% — Digital infrastructure with 240,000 miles of fiber in 47 states · Arkansas — revenue of $3.5bn
9 SHEN SHENANDOAH TELECOMMUNICATIONS CO/VA/
United States · score 0.0
0% 0.6 bn 0.4 bn -10.4% -0.2 bn -40.4% 1.1% Fiber and cable broadband in eight Eastern states · Virginia — revenue of $367m
10 ATNI ATN International, Inc.
United States · score 6.4
0% 0.4 bn 0.7 bn 22.5% 0.0 bn 10.6% 4.3% Telecom in underserved markets and islands · Massachusetts — revenue of $734m
11 SURG SurgePays, Inc.
United States · score 0.0
0% 0.0 bn 0.1 bn -51.5% -0.0 bn -248.5% — Prepaid wireless, MVNO and fintech sold through 9,000 independent convenience stores · Tennessee — revenue of $62m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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