— Know what they know.
/
Not Investment Advice

TMUS

NASDAQ · USD
T-Mobile US, Inc.
Communication Services · Telecommunications Services
CEO Srinivasan Gopalan Employees 75,000 R&D / revenue 0.3%
Last price
$159.10+1.32%last session
Market cap
$170.7B
P/E (TTM)
16.6x
From 52w high
−31.0%
From 52w low
+7.6%
1-year return
−29.4%
RSI 14 · vs SMA200
43.3 · −15.8%
IS score
44.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

TMUS   SPY   XLC (sector ETF) · weekly closes
708090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLC 97TMUS 71

Score DNA

Each bar is a 0-100 score within the scored universe
65
Profitability
38
Growth
57
Value
68
Momentum
30
Risk (safety)
67
Quality
26
Balance sheet
72
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Insider buying✓ Congress buying
Warnings
▲ Altman distress zone
Observations
Moat model: Narrow, Efficient ScalePiotroski 6 / 9Altman Z 1.5Beta 0.334 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$1.00M bought
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
5
Last disclosed purchase 2026-09-11
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−60
172 new holders, 212 closed
1,672 filers hold 43.5% · 686 added, 642 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+364
1,490 funds adding shares
1,126 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
35.4%
20-day avg 35.6%, 50-day avg 39.0%
Latest 0.2 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$88.3B
Revenue growth YoY+8.5%
Gross margin47.6%
Operating income$18.7B
Operating margin21.2%
Net income$11.0B
Net margin12.4%
EPS (diluted)$9.72
Cash flow
Operating cash flow$27.9B
Capital expenditure$10.0B
Free cash flow$18.0B
FCF conversion (FCF / OCF)64.4%
Stock-based compensation$829.0M
FCF less SBC$17.2B
Buybacks$10.0B
Dividends$4.1B
Balance sheet & returns
Cash & short-term investments$5.6B
Total debt$86.3B
Net debt$80.7B
Shareholders' equity$59.2B
Goodwill & intangibles$17.5B
Debt / equity2.06
ROE (TTM)18.2%
ROIC (TTM)7.1%
Operating margin by fiscal year
8.6%FY20218.2%FY202218.2%FY202322.1%FY202421.2%FY2025
Revenue $80.1B (FY2021) to $88.3B (FY2025), a 2.5% CAGR.

Valuation

P/E (TTM)16.6x
EV / EBITDA9.2x
Price / sales1.85x
Price / FCF10.8x
FCF yield9.28%
Buyback yield5.84%
SBC / revenue0.9%
Price / book3.06x
Forward P/E FY202614.6x
Forward P/E FY202711.4x
Forward P/E FY20289.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $218.33 across 12 analysts last quarter is theirs, not ours.

TMUS vs industry median

234 companies in Telecommunications Services
Gross margin 54.5% 44.4% Operating margin 20.3% 12.0% Net margin 11.5% 5.7% ROIC 7.1% 7.1%
TMUS (TTM)Industry median Asset turnover 0.43 vs industry 0.46 · financial leverage 3.80

Earnings delivery

Next report 2026-10-28 · consensus EPS $2.89
83%
beat rate, 10 of 12 quarters
+7.4%
median EPS surprise
7
longest beat streak
+5-12+7+9+8+12+4+6+8-8+13+15
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-25 to 2026-07-23. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
TMUS T-Mobile US, Inc. $170.7B16.6x18.2%11.5%+8.5% −29.4%
T AT&T Inc. $160.6B7.7x19.9%14.7%+2.6% −10.5%
VZ Verizon Communications Inc. $186.1B11.7x15.6%11.2%+1.4% +11.0%
CMCSA Comcast Corporation $77.5B7.1x12.0%11.8%+0.6% −21.1%
SATS EchoStar Corporation $25.1Bn/m-33.4%—−5.2% +20.9%
DIS The Walt Disney Company $190.9B22.7x7.8%10.4%+4.6% —
NFLX Netflix, Inc. $293.7B21.8x49.5%27.1%+16.0% —
DASH DoorDash, Inc. $82.0B97.5x8.9%4.5%+33.6% —
12-month window: SPY +15.9%, sector ETF XLC −3.4%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding1,072,671,613
Free float45.3%
Institutional ownership43.5%
Beta0.33
Dividend yield2.56%
Last dividend$1.17 on 2026-11-25
50 / 200-day average$173.25 / $189.48
Large-cap Communication Services median P/E16.1x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where TMUS sits among 34 scored companies in Telecommunications Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureTMUSIndustry medianIndustry percentileSector median
P/E (TTM) 16.2x 10.1x
61st		 16.6x
PEG (P/E ÷ 3-yr EPS CAGR) 0.68 0.28
71st		 0.47
Price / sales 1.9x 1.4x
61st		 1.6x
Price / book 3.0x 2.2x
65th		 2.1x
Price / tangible book —
Price / free cash flow 10.8x 9.1x
67th		 10.4x
Price / operating cash flow 5.9x 4.0x
64th		 8.9x
Enterprise value $283.8B $9.1B
91st		 $3.9B
EV / sales 3.1x 2.3x
67th		 2.2x
EV / EBITDA 10.0x 5.8x
79th		 10.0x
EV / EBIT 17.1x 10.3x
77th		 15.8x
EV / free cash flow 17.9x 17.9x
50th		 17.3x
Earnings yield 6.2% 5.9%
58th		 2.4%
FCF yield 9.3% 8.9%
52nd		 6.6%
Operating cash flow yield 16.9% 20.0%
45th		 10.7%
Graham number (per share) $106.82 $39.38
91st		 $31.22

Profitability (TTM)

MeasureTMUSIndustry medianIndustry percentileSector median
Gross margin 54.5% 53.5%
52nd		 51.5%
EBITDA margin 30.7% 29.5%
54th		 18.1%
Operating margin 20.3% 14.7%
68th		 9.7%
EBIT margin 18.0% 14.7%
57th		 9.3%
Net margin 11.5% 6.7%
71st		 5.3%
NOPAT margin 15.5% 9.3%
64th		 7.1%
FCF margin 17.2% 8.0%
84th		 10.5%
Operating cash flow margin 31.3% 26.2%
74th		 17.4%
R&D / revenue 0.3% 0.0%
82nd		 0.0%
SG&A / revenue 26.0% 25.3%
61st		 26.0%
Stock comp / revenue 0.9% 0.9%
58th		 1.7%
Effective tax rate 23.6% 21.0%
77th		 21.0%

Returns on capital

MeasureTMUSIndustry medianIndustry percentileSector median
ROE (on average equity) 18.0% 12.0%
56th		 7.6%
ROA 5.0% 3.9%
61st		 3.1%
ROIC 8.4% 7.7%
61st		 7.6%
ROCE 8.7% 8.7%
52nd		 7.2%
Return on tangible assets 7.8% 7.8%
52nd		 5.5%
Cash ROIC (OCF / invested capital) 17.0% 11.3%
69th		 15.6%
Gross profitability (GP / assets) 23.5% 15.5%
67th		 26.4%
ROIC, 3-yr average 6.0% 5.3%
79th		 4.1%
ROIC, 5-yr average 5.1% 3.7%
67th		 3.7%
ROE, 5-yr average 13.1% 10.6%
68th		 5.0%
Incremental ROIC -74.1% -5.5%
13th		 1.0%

Growth

MeasureTMUSIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 9.7% 2.6%
73rd		 7.2%
Revenue growth (QoQ) -1.4% 0.7%
30th		 4.0%
Revenue CAGR, 3 yr 5.5% 1.2%
70th		 5.0%
Revenue CAGR, 5 yr 3.1% 0.9%
63rd		 7.4%
Gross profit CAGR, 3 yr 2.5% 1.8%
52nd		 6.4%
Operating income CAGR, 3 yr 18.6% 12.3%
58th		 13.7%
Net income growth (TTM YoY) -13.5% -11.1%
42nd		 12.6%
Net income CAGR, 3 yr 19.8% 19.8%
44th		 20.1%
EPS growth (TTM YoY) -9.4% -0.0%
46th		 15.5%
EPS CAGR, 3 yr 23.8% 25.1%
44th		 26.6%
EPS CAGR, 5 yr 25.6% 17.2%
64th		 14.4%
FCF growth (TTM YoY) 19.5% 9.0%
65th		 20.6%
FCF CAGR, 3 yr 60.2% 14.8%
89th		 16.7%
Operating cash flow CAGR, 3 yr 18.9% 5.1%
75th		 13.1%
Book value CAGR, 3 yr -1.9% 3.3%
43rd		 3.9%
Dividend CAGR, 3 yr 8.4% 3.3%
85th		 4.2%
Sustainable growth rate 10.6% 6.6%
61st		 7.7%

Margin history & stability

MeasureTMUSIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 60.3% 53.7%
67th		 52.4%
Operating margin, 3-yr average 21.1% 17.4%
64th		 7.5%
Net margin, 3-yr average 12.6% 9.3%
68th		 4.7%
FCF margin, 3-yr average 15.6% 10.6%
72nd		 9.7%
Revenue stability (0-1) 0.60 0.60
50th		 0.83
Earnings stability (0-1) 0.79 0.28
90th		 0.30
Margin stability (0-1) 0.93 0.88
83rd		 0.88

Liquidity (latest quarter)

MeasureTMUSIndustry medianIndustry percentileSector median
Cash & short-term investments $2.8B $503.0M
88th		 $479.5M
Net cash (− = net debt) −$113.2B −$2.0B
9th		 −$532.8M
Working capital −$1.8B $59.1M
15th		 $125.0M
Current ratio 0.92 1.08
21st		 1.28
Quick ratio 0.83 1.07
21st		 1.28
Cash ratio (cash + ST investments / current liabilities) 0.12 0.86
6th		 0.70
Defensive interval (days) 148 days 244 days
26th		 395 days

Leverage & solvency (latest quarter)

MeasureTMUSIndustry medianIndustry percentileSector median
Total debt $116.0B $2.8B
91st		 $1.2B
Debt / equity 2.06 1.00
81st		 0.67
Net debt / equity 2.01 0.72
81st		 0.37
Debt / assets 54.3% 37.4%
79th		 30.9%
Debt / capital 67.3% 49.9%
81st		 40.7%
Debt / EBITDA 4.10 3.03
66th		 3.03
Net debt / EBITDA 4.00 2.50
79th		 1.41
Interest coverage (EBIT / interest) 4.3x 3.3x
65th		 3.2x
Cash interest coverage 7.4x 3.1x
81st		 5.5x
Debt payback (years of OCF) 4.0 yrs 4.9 yrs
36th		 2.8 yrs
Liabilities / assets 73.7% 62.3%
70th		 56.1%
IS credit model rating BB — —
Implied credit spread (bps) 475 400
55th		 400

Efficiency

MeasureTMUSIndustry medianIndustry percentileSector median
Asset turnover 0.43 0.35
76th		 0.52
Fixed asset turnover 1.44 0.94
73rd		 3.99
Inventory turnover 21.6 11.0
63rd		 23.8
Receivables turnover 18.7 9.0
91st		 8.1
Days sales outstanding 19 days 41 days
9th		 44 days
Days inventory outstanding 17 days 34 days
37th		 15 days
Days payables outstanding 56 days 86 days
28th		 57 days
Cash conversion cycle (days) −20 days −29 days
53rd		 1 days
Capex / revenue 14.1% 13.3%
57th		 3.5%
Capex / depreciation 1.11 1.08
61st		 0.60
Operating expense ratio 40.7% 52.5%
33rd		 45.3%

Cash flow & earnings quality

MeasureTMUSIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.73 2.13
57th		 2.40
FCF / net income 1.50 0.82
70th		 1.69
FCF / operating cash flow 54.9% 44.2%
74th		 72.9%
Capex / operating cash flow 45.1% 55.8%
26th		 27.1%
Accruals ratio -8.6% -8.0%
42nd		 -8.0%
Sloan accruals ratio -8.5% -5.3%
27th		 -5.6%
Earnings quality score (0-1) 0.75 0.75
35th		 0.75

Dividends & buybacks

MeasureTMUSIndustry medianIndustry percentileSector median
Dividend yield 2.6% 0.7%
61st		 0.0%
Dividend per share (TTM) $4.08 $0.10
82nd		 $0.00
Payout ratio (dividends / net income) 41.1% 34.9%
61st		 5.7%
Dividends / FCF 27.4% 0.0%
75th		 0.0%
Dividend growth (YoY) 20.7% 1.5%
93rd		 3.2%
Buyback yield 7.1% 1.2%
91st		 1.7%
Shareholder yield (dividends + buybacks) 9.6% 3.5%
79th		 3.5%
Share count change (YoY) -4.6% -1.5%
23rd		 -0.8%
Buybacks, last 5 years $56.9B $293.2M
100th		 $152.3M

Scores & forensic checks

MeasureTMUSIndustry medianIndustry percentileSector median
IS score 44 37
67th		 44
IS profitability 65 54
64th		 36
IS growth 38 52
27th		 56
IS value 57 54
55th		 44
IS momentum 68 61
73rd		 66
IS risk (safety) 30 15
58th		 30
IS quality 67 54
73rd		 58
IS balance sheet 26 42
21st		 48
IS earnings quality 72 58
76th		 58
IS cash flow 64 47
85th		 56
Piotroski F-score (0-9) 6 5
64th		 5
Altman Z-score 1.5 1.1
64th		 1.7
Beneish M-score −2.74 −2.92
77th		 −2.74
Ohlson O-score −7.82 −7.21
36th		 −7.27
IS credit score 42 47
45th		 49

Per share

MeasureTMUSIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $9.76 $3.09
91st		 $0.86
Book value per share $51.98 $15.29
97th		 $14.63
Tangible book per share −$54.42 −$0.79
3rd		 $1.25
Revenue per share $85.17 $18.32
97th		 $17.81
FCF per share $14.63 $1.93
97th		 $1.98
Operating cash flow per share $26.64 $4.13
97th		 $2.77
Cash per share $2.61 $4.51
33rd		 $3.75

Size (TTM)

MeasureTMUSIndustry medianIndustry percentileSector median
Market cap $170.7B $2.9B
97th		 $2.7B
Revenue $92.2B $1.3B
85th		 $1.8B
EBITDA $28.3B $888.2M
85th		 $326.9M
Net income $10.6B $89.9M
85th		 $65.3M
Free cash flow $15.8B $178.1M
85th		 $211.5M
Total assets $213.6B $7.1B
85th		 $3.6B
Shareholders' equity $56.3B $1.4B
85th		 $1.1B
Employees 75,000 5,284
85th		 3,872

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-24Drobac Daniel James
VP & Chief Accounting Officer
 Award / grant 2,768——37,887
2026-09-10Nelson Mark Wolfe
Chief Legal Officer & GC
 Award / grant 103$178.14$18,33866,070
2026-09-10Drobac Daniel James
VP & Chief Accounting Officer
 Open-market sale 772$178.33$137,67135,118
2026-09-10Drobac Daniel James
VP & Chief Accounting Officer
 Award / grant 2$178.14$31535,119
2026-09-01Almeida Andre
Chief Commercial Officer
 Tax withholding 530$182.16$96,62544,319
2026-08-25Drobac Daniel James
VP & Chief Accounting Officer
 Tax withholding 171$181.61$31,13235,890
2026-08-15Drobac Daniel James
VP & Chief Accounting Officer
 Tax withholding 88$182.61$16,01136,061
2026-08-01Sambar Christopher
Chief Enterprise Officer
 Award / grant 40,966——40,966
2026-06-16Claure Raul Marcelo
Director
 Award / grant 1,384——1,849,801
2026-06-16Datar Srikant M.
Director
 Award / grant 1,384——2,422
2026-06-16Kavanaugh James J
Director
 Award / grant 1,384——5,461
2026-06-16Taylor Teresa
Director
 Award / grant 1,384——8,053

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJunAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1252,512$36,891
Open-market buyAcquired15,097$1.0M
Open-market saleDisposed310,571$2.0M
Tax withholdingDisposed51,137$206,389
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 22 trades (9 purchases) · Senate 4 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-04Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-08-10Ro KhannaHouseSale$1,001 - $15,0002026-09-07
2026-03-27Alan ArmstrongSenateSale$15,001 - $50,0002026-07-21
2025-11-03Markwayne MullinSenateSale (Full)$50,001 - $100,0002025-11-21
2025-11-03Markwayne MullinSenateSale$50,001 - $100,0002025-11-21
2025-11-03Markwayne MullinSenateSale (Full)$50,001 - $100,0002025-11-20
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.39,499,642$6.6B3.68%
Invesco Ltd.31,883,463$5.3B2.97%
VANGUARD CAPITAL MANAGEMENT LLC29,359,860$4.9B2.74%
PRICE T ROWE ASSOCIATES INC /MD/25,481,834$4.3B2.38%
STATE STREET CORP25,021,478$4.2B2.33%
GEODE CAPITAL MANAGEMENT, LLC12,758,271$2.1B1.19%
GOLDMAN SACHS GROUP INC11,827,658$2.0B1.10%
VANGUARD PORTFOLIO MANAGEMENT LLC10,365,776$1.7B0.97%
SOFTBANK GROUP CORP.10,000,000$1.7B0.93%
WELLINGTON MANAGEMENT GROUP LLP8,621,588$1.4B0.80%
FMR LLC8,153,559$1.4B0.76%
NORGES BANK7,909,295$1.3B0.74%
FRANKLIN RESOURCES INC6,710,383$1.1B0.63%
DODGE & COX6,335,783$1.1B0.59%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP5,713,699$958.4M0.53%

Institutional ownership by quarter

2023-092026-0643.5%
% of shares held by 13F filers
2023-092026-061,672
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,67243.5%172686642212
2026-03-311,73242.5%192728631144
2025-12-311,71944.3%220618711186
2025-09-301,72543.1%145771587148
2025-06-301,76043.9%181719648163
2025-03-311,77344.4%251635684110
2024-12-311,66645.5%28161458286
2024-09-301,50546.8%186620521100
2024-06-301,43948.1%16460750186
2024-03-311,37549.3%170581455102
2023-12-311,32449.7%22750344791
2023-09-301,20446.0%123472440117

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
QQQ0.72%$3.5B
VITSX0.10%$2.2B
VTSAX0.10%$2.2B
VTI0.10%$2.2B
VSMPX0.10%$2.2B
VOO0.12%$2.1B

Share structure

Shares outstanding1,072,671,613
Float486,284,949
Free float45.3%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$80.1B$79.6B$78.6B$81.4B$88.3B
Cost of revenue$36.6B$36.2B$30.2B$29.7B$46.2B
Gross profit$43.5B$43.4B$48.4B$51.7B$42.1B
R&D$0$0$0$0$278.0M
SG&A$20.2B$21.6B$21.3B$20.8B$23.0B
Operating income$6.9B$6.5B$14.3B$18.0B$18.7B
EBITDA$23.1B$20.2B$27.2B$31.0B$32.3B
Pretax income$3.4B$3.1B$11.0B$14.7B$14.3B
Income tax$327.0M$556.0M$2.7B$3.4B$3.3B
Net income$3.0B$2.6B$8.3B$11.3B$11.0B
EPS, diluted$2.41$2.06$6.93$9.66$9.72
Diluted shares1.3B1.3B1.2B1.2B1.1B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$6.6B$4.5B$5.1B$5.4B$5.6B
Receivables$8.9B$9.6B$9.1B$8.7B$9.9B
Inventory$2.6B$1.9B$1.7B$1.6B$2.4B
Total current assets$20.9B$19.1B$19.0B$18.4B$24.5B
PP&E, net$70.1B$74.1B$70.8B$67.0B$66.8B
Goodwill & intangibles$109.5B$111.5B$111.6B$116.1B$17.5B
Total assets$206.6B$211.3B$207.7B$208.0B$219.2B
Accounts payable$6.5B$7.2B$4.8B$3.8B$4.4B
Total current liabilities$23.5B$24.7B$20.9B$20.2B$24.5B
Long-term debt$68.6B$66.8B$71.4B$74.2B$81.1B
Total liabilities$137.5B$141.7B$143.0B$146.3B$160.0B
Shareholders' equity$69.1B$69.7B$64.7B$61.7B$59.2B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$3.0B$2.6B$8.3B$11.3B$11.0B
Depreciation & amortization$16.4B$13.7B$12.8B$12.9B$13.5B
Stock-based compensation$540.0M$595.0M$667.0M$649.0M$829.0M
Change in working capital−$7.1B−$3.1B−$7.1B−$7.0B−$1.9B
Operating cash flow$13.9B$16.8B$18.6B$22.3B$27.9B
Capital expenditure−$21.7B−$17.3B−$10.8B−$12.3B−$10.0B
Free cash flow−$7.8B−$520.0M$7.7B$10.0B$18.0B
Investing cash flow−$19.4B−$12.4B−$5.8B−$9.1B−$17.6B
Net debt issued / repaid$2.3B−$3.1B$2.2B$2.1B$4.6B
Buybacks−$316.0M−$3.0B−$13.1B−$11.2B−$10.0B
Dividends paid$0$0−$747.0M−$3.3B−$4.1B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin54.3%54.5%61.6%63.6%54.8%
Operating margin8.6%8.2%18.2%22.1%21.2%
Net margin3.8%3.3%10.6%13.9%12.4%
FCF margin-9.7%-0.7%9.9%12.3%17.5%
ROE4.5%3.7%12.4%17.9%18.2%
ROIC3.6%3.0%6.2%8.1%8.2%
ROA1.5%1.2%4.0%5.5%5.1%
Debt / equity1.571.601.761.852.07
Interest coverage2.0x1.9x4.3x5.3x4.9x
Current ratio0.890.770.910.911.00
Revenue growth+17.1%−0.7%−1.3%+3.6%+8.5%
EPS growth−1.5%−13.8%+232.3%+40.0%+1.8%
P/E at year end46.5x65.1x22.5x22.5x20.6x
EV / EBITDA at year end10.5x13.7x10.9x11.7x10.9x
FCF yield at year end-5.53%-0.31%4.13%3.91%6.80%
Dividend payout0.0%0.0%9.0%29.1%37.5%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Branded Postpaid Revenue$42.6B$45.9B$48.7B$52.3B$57.9B
Product, Equipment$20.7B$17.1B$14.1B$14.3B$16.0B
Branded Prepaid Revenue$9.7B$9.9B$9.8B$10.4B$10.5B
Wholesale Service Revenue$3.8B$5.5B$4.8B$3.4B$2.9B
Product and Service, Other$1.0B$1.1B$1.2B$959.0M$1.0B

Street estimates by fiscal year

Next report 2026-10-28 · consensus EPS $2.89 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$94.4B$93.3B – $94.8B$10.92$10.26 – $12.821614.6x
2027$98.5B$97.6B – $99.7B$13.96$11.93 – $16.001711.4x
2028$102.6B$99.4B – $104.2B$16.79$14.59 – $20.67129.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-23$2.59$2.99+15.4%$22.9B$22.8B−0.7%
2026-04-28$2.01$2.28+13.4%$23.0B$23.1B+0.5%
2026-02-11$2.05$1.88−8.3%$24.2B$24.3B+0.7%
2025-10-23$2.40$2.59+7.9%$21.9B$22.0B+0.2%
2025-07-23$2.67$2.84+6.4%$21.0B$21.1B+0.5%
2025-04-24$2.47$2.58+4.5%$20.6B$20.9B+1.3%
2025-01-29$2.29$2.57+12.2%$21.3B$21.9B+2.5%
2024-10-23$2.42$2.61+7.9%$20.0B$20.2B+0.7%
2024-07-31$2.28$2.49+9.2%$19.6B$19.8B+0.8%
2024-04-25$1.87$2.00+7.0%$19.8B$19.6B−1.2%
2024-01-25$1.90$1.67−12.1%$19.6B$20.5B+4.3%
2023-10-25$1.74$1.82+4.6%$18.2B$19.3B+5.7%
2023-07-27$1.69$1.86+10.1%$19.4B$19.2B−0.8%
2023-04-27$1.48$1.58+6.8%$19.8B$19.6B−0.9%
2023-02-01$1.10$1.18+7.3%$20.6B$20.3B−1.8%
2022-10-27$0.04$0.40+817.4%$20.0B$19.5B−2.6%
2022-07-27$0.41$1.43+248.8%$20.1B$19.7B−2.0%
2022-04-27$0.33$0.57+72.7%$20.1B$20.1B−0.1%
2022-02-02$0.16$1.10+587.5%$20.6B$20.8B+1.0%
2021-11-02$0.53$0.55+3.8%$20.1B$19.6B−2.2%
2021-07-29$0.53$0.78+47.2%$19.3B$19.9B+3.1%
2021-05-04$0.57$0.74+29.8%$18.9B$19.8B+4.3%
2021-02-04$0.51$1.03+102.0%$19.9B$20.3B+2.2%
2020-11-05$0.43$1.00+132.6%$15.5B$19.3B+24.1%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.806-151.206-221.106-291.007-060.807-131.507-201.507-271.008-030.708-100.808-170.608-240.908-31
Week ofNotionalSharesTrades
2026-08-31$874.7M4,743,70290,071
2026-08-24$638.9M3,533,83087,996
2026-08-17$813.5M4,454,22287,494
2026-08-10$705.4M3,933,68177,726
2026-08-03$984.4M5,582,354108,289
2026-07-27$1.5B8,315,190129,831

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1535.4%
DateShort shareShort volumeTotal volume
2026-10-1535.4%852,1272,406,738
2026-10-1436.1%754,4762,092,811
2026-10-1327.2%588,9612,164,327
2026-10-1226.4%930,2433,526,641
2026-10-0952.1%4,837,9019,288,921
2026-10-0848.1%651,6451,355,782
2026-10-0734.2%507,1911,481,770
2026-10-0622.4%361,7891,616,988
2026-10-0534.3%457,7641,335,838
2026-10-0240.8%449,5371,101,327
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.1Jan+3.1Feb+3.1Mar+0.3Apr+6.7May-2.1Jun+3.3Jul-3.9Aug-0.0Sep-3.2Oct+2.2Nov+4.0Dec
MonthAvg returnUp yearsYears
Jan−1.1%47%19
Feb+3.1%63%19
Mar+3.1%58%19
Apr+0.3%63%19
May+6.7%68%19
Jun−2.1%32%19
Jul+3.3%63%19
Aug−3.9%42%19
Sep−0.0%53%19
Oct−3.2%42%19
Nov+2.2%58%19
Dec+4.0%68%19
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1443.3
MFI56.8
ADX25.2
Stochastic %K / %D42.1 / 34.8
Williams %R-53.1
CCI-55
TSI / signal-21.7 / -22.0
Chaikin money flow-0.03
ATR$5.35
Bollinger width13.7%
Volume vs 20-day avg0.98x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$161.98 (−1.8%)
SMA 50$172.64 (−7.8%)
SMA 200$188.98 (−15.8%)
EMA 21$162.97 (−2.4%)
EMA 50$169.92 (−6.4%)
EMA 200$187.53 (−15.2%)
Bollinger upper$173.07 (−8.1%)
Bollinger lower$150.89 (+5.4%)
Parabolic SAR$169.50 (−6.1%)
Open the live chart, 110+ indicators

About T-Mobile US, Inc.

T-Mobile US, Inc., alongside its subsidiaries, offers mobile telecommunications services across the United States, Puerto Rico, and the U.S. Virgin Islands. Catering to approximately 108.7 million subscribers, the company delivers essential voice, messaging, and data connectivity to customers in postpaid, prepaid, and wholesale segments. Beyond services, T-Mobile also supplies a broad array of wireless devices, such as smartphones, wearables, tablets, and other mobile communication gadgets, along with associated accessories. These offerings are marketed under both the T-Mobile and Metro by T-Mobile brands. Direct distribution occurs through its proprietary retail stores, the T-Mobile mobile application, customer service channels, and its official online platforms. Additionally, the company provides devices to independent dealers and other distributors for resale via external retail locations and various third-party websites. As of December 31, 2021, its robust network infrastructure encompassed approximately 102,000 macro cell sites and 41,000 small cell/distributed antenna system locations. T-Mobile US, Inc. was established in 1994 and maintains its headquarters in Bellevue, Washington.

https://www.t-mobile.com

Key executives

NameTitlePayBorn
Srinivasan GopalanChief Executive Officer, President & Director$8.3M1970
Michael J. KatzStrategic Advisor$4.2M1979
Jonathan A. FreierChief Operating Officer$4.2M1976
Peter OsvaldikExecutive Vice President & Chief Financial Officer$4.1M1977
Mark W. NelsonChief Legal Officer & General Counsel$4.1M1968
André AlmeidaChief Commercial Officer$117,3011977
John SawPresident of Technology & Chief Technology Officer—1962
Lucy McLellanExecutive VP and Chief Brand & Communications Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
G. Michael Sievert Vice Chairman (Former President and Chief Executive Officer)2025$2.6M$27.5M$6.4M$50.4M
Srinivasan Gopalan President and Chief Executive Officer (Former Chief Operating Officer)2025$861,539$27.1M$3.6M$35.4M
Ulf Ewaldsson Former President, Technology and Former Executive Vice President, Strategic Advisor2025$733,269$14.6M$2.3M$22.3M
Michael J. Katz Chief Business and Product Officer (Former President, Marketing, Strategy and Products)2025$975,000$18.0M$3.1M$22.2M
Jonathan A. Freier Chief Operating Officer (Former President, Consumer Group)2025$950,000$16.2M$3.1M$20.4M
Callie R. Field Former President, Business Group and Former Executive Vice President, Strategic Advisor2025$875,000$14.7M$2.8M$18.4M

Employees

52k201853k201975k202075k202171k202267k202370k202475k2025

Dividends

Ex-dateAmountPaid
2026-11-25$1.172026-12-10
2026-08-28$1.022026-09-10
2026-05-29$1.022026-06-11
2026-02-27$1.022026-03-12
2025-11-26$1.022025-12-11
2025-08-29$0.882025-09-11
2025-05-30$0.882025-06-12
2025-02-28$0.882025-03-13

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage57
Intangibles51
Switching costs57
Network effect50
Efficient scale68
Our component scores (0-100) and overall 56.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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