This report presents a comprehensive financial statement analysis of Vodafone PLC and BT PLC, examining their performance from 2016 to 2020. The analysis includes detailed calculations and interpretations of key financial ratios, such as liquidity, profitability, gearing, and dividend ratios. The report evaluates market performance, cash flow statements, and provides a comparative analysis to offer investment advice. The findings indicate that Vodafone demonstrates more stable growth and a better financial position compared to BT. The report concludes with investment recommendations, suggesting Vodafone as the preferred choice for investors due to its more secure financial system, appropriate dividend strategy, and lower risk. The report also references various sources to support its findings.