stockrowVEON Ltd.
VEON Communication Services Telecom Services
VEON Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 9.87% from fiscal 2024.
- Revenue
- +16.9%
- EPS
- −79.6%
- Free cash flow
- +431.6%
- Total debt
- +19.1%
Quarter to June 2026, against a year earlier
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VEON Ltd. (VEON) Return on invested capital
VEON Ltd.'s return on invested capital over the twelve months to 30 June 2026 was 12.7%, down 7.0 percentage points from fiscal 2025 (19.7%). Over the past ten years it has ranged from 3.42% (fiscal 2020) to 19.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Telecom Services industry median of 3.77% and above the Communication Services sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 19.7% | 1.96 |
| FY2024 | 17.8% | 2.85 |
| FY2023 | 14.9% | 2.21 |
| FY2022 | 12.7% | 6.19 |
| FY2021 | 6.52% | 3.10 |
| FY2020 | 3.42% | (7.81) |
| FY2019 | 11.2% | 7.27 |
| FY2018 | 3.96% | (3.05) |
| FY2017 | 7.01% | 2.18 |
| FY2016 | 4.83% | 0.73 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| VEON VEON Ltd. | 12.7% |
| TDS Telephone and Data Systems, Inc. compare | 7.49% |
| TKC Turkcell Iletisim Hizmetleri AS compare | 7.40% |
| PHI PLDT Inc. compare | 5.94% |
| IRDM Iridium Communications Inc compare | 4.10% |
| LUMN Lumen Technologies, Inc. compare | 0.88% |
| LBTYB Liberty Global Ltd compare | −0.35% |
| LBTYK Liberty Global Ltd compare | −0.35% |
| LBTYA Liberty Global Ltd compare | −0.35% |
| Telecom Services industry median | 3.77% |
| Communication Services sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on VEON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement