Our annual ranking of America's largest corporations

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16. Verizon Communications
Verizon Communications
Financials: Latest Results
Rank: 16 (Previous rank: 13)
CEO: Ivan G. Seidenberg
Compare tool: Verizon Communications vs. Top 10
To hear CEO-in-waiting Lowell McAdam tell it, Verizon is about to "kick into a higher gear." Why? Outgoing chief Ivan Seidenberg has invested heavily the past few years in next-generation broadband technologies such as FiOS, a high-speed fiber optic service, and LTE, a 4G wireless network.

Combined with its growing video and cloud computing services, which should also get a boost from Verizon's purchase of Terremark in January, these businesses now account for three-quarters of sales. Then of course there's the iPhone, which Verizon began selling earlier this year. No wonder the communications giant shrugged off the planned union between AT&T and T-Mobile. --P.N.

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Key financials $ millions % change
from 2009
Revenues 106,565.0 -1.2
Profits 2,549.0 -30.2
Assets 220,005.0
Stockholders' equity 38,569.0
Market value (3/25/2011) 105,458.8
Profits as % of  
Revenues 2.4
Assets 1.2
Stockholders' equity 6.6
Earnings per share  
2010 $ 0.90
% change from 2009 -30.2
2000-2010 annual growth rate % -14.5
Total return to investors %
2010 22.9
2000-2010 annual rate 2.3
Rank Company 500
($ millions)
1 AT&T 12 124,629.0
2 Verizon Communications 16 106,565.0
3 Comcast 66 37,937.0
4 Sprint Nextel 85 32,563.0
5 DirecTV 110 24,102.0
6 Time Warner Cable 137 18,868.0
7 DISH Network 193 12,640.7
8 Qwest Communications 209 11,730.0
9 Liberty Global 255 9,667.7
10 Cablevision Systems 321 7,362.9
11 Charter Communications 333 7,059.0
12 CenturyLink 334 7,041.5
13 Virgin Media 374 6,138.2
14 NII Holdings 406 5,601.3
15 Telephone & Data Systems 450 4,986.8
Issue date: May 23, 2011
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Verizon Communications
140 West St.
New York, NY 10007
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Rank # of Fortune 500 Companies
New York 57
California 53
Texas 51
Company Rank
Microsoft 38
Goldman Sachs 54
Intel 56
Company 2010 $ (millions)
Exxon Mobil $30,460.0
AT&T $19,864.0
Chevron $19,024.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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