Verizon vs AT&T, T-Mobile and Sprint subscriber and profit margin charts paint it red

That same churn rate is down for the big two - Verizon and AT&T - way lower than at Sprint or T-Mobile. Big Magenta, however, showed the biggest increase in the valuable postpaid adds of all four major carriers. T-Mobile used to be in a price war with them all, but now it's gotten its prices on par with its Verizon nemesis, yet it remains everyone's popular underdog of a carrier. We recently compared the new unlimited plans of the big four, and there is indeed very little difference in pricing now, save for Sprint, which, however, has some catching up to do when it comes to coverage outside of large cities.

As you can see from these latest Q2 stats, even when combined, Sprint and T-Mobile will be trailing the second AT&T at quite the margin, but hopefully, if the merger goes through, it will mean a litany of deals and discounted plans so that the new T-Mobile can carve extra market share for itself with the savings of scale it can achieve after the deal. 

That's all fine and dandy, but it's Verizon that laughs all the way to the bank, with 68% earnings margin before taxes and depreciation, followed by Sprint and AT&T, with T-Mobile coming last to the profit margin party. Someone has to pay the price for that breakneck expansion, after all. In numbers, that's $4.12 billion added to Verizon's cash pile. 

Of note, however, is that the promised capital expenditure at Sprint is in full bloom, and the carrier invested only slightly less than Verizon in its future this past quarter. AT&T, in its turn, can boast with the highest average revenue per user, squeezing every last buck out of its base.