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VIVT3 · B3 · Brazil · Telecomunicações
In shortTelefônica Brasil is profitable, generates cash and carries moderate debt, with revenue growing (+6.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.5% | 72/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.3% | 61/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 8.9% | 45/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.4% | 63/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.00× | 17/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.30× | 95/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.53× | 99/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.23× | 7/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.96 | 22/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 18.9% | 96/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.83× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 2.7% | 100/100 |
| Operating margin volatility | 1.1% | 99/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 7.4% | 58/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
BRL millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 44,033 | 48,041 | 52,100 | 55,845 | 59,595 |
| Cost of revenue | 24,781 | 27,432 | 29,415 | 31,352 | 32,925 |
| Gross profit | 19,251 | 20,609 | 22,685 | 24,493 | 26,670 |
| Selling, general & admin | 14,210 | 14,577 | 15,397 | 16,159 | 17,120 |
| Operating income | 7,086 | 6,598 | 7,918 | 8,674 | 9,859 |
| Interest expense | 2,437 | 3,983 | 4,386 | 3,454 | 4,429 |
| Pre-tax income | 5,960 | 4,832 | 5,574 | 6,764 | 7,271 |
| Income tax | 270 | 774 | 534 | 1,206 | 1,093 |
| Net income | 6,239 | 4,085 | 5,029 | 5,548 | 6,168 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
1.96 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: CVM (dados.cvm.gov.br). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Feb 23, 2026