
$88.3B+8% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $88.3B in 2025, compounding +4% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $92.2B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
$11.0B−3% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $11.0B in 2025, compounding +62% a year over three years. Trailing twelve-month profit stands at $10.6B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
+8.5%revenue growth, FY 2025
Off the axis: 2014 earnings +605.7% · 2017 earnings +210.7% · 2023 earnings +221.1% - rebounds off a collapsed prior year.
→Revenue grew +8% in 2025 against a five-year average of +5%. Earnings went the other way (-3%) even as sales grew, so margins compressed: costs rose faster than revenue. 2014's +606% earnings rebound off a collapsed base and 2017's +211% earnings rebound off a collapsed base and 2023's +221% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
$18.0B+34% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $18.0B in 2025, compounding +86% a year since 2022. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $18.4B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→20 cents of every sales dollar became free cash in 2025, up 17 points since 2022 - the best conversion in its filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→The biggest claim on each sales dollar is capital spending, at 11% of revenue (stock compensation 1%). That share has fallen since 2022, so the cost of competing is easing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin widened 12 points to 21% since 2022. After everything, 12 cents of each sales dollar reaches net profit. TMUS doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 19% sits well above ROCE of 9%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
19.4xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 19.4x earnings, the market is paying 18% less than TMUS's own 11-year median of 23.7x. Pessimism is priced in - the question is whether it is deserved.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
9.4%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 9.4% of annual free cash flow, more than its 11-year median of 0.7% - the cash is cheaper than usual.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Debt of $6.1B sits against $2.8B of cash, or 0.1x shareholders' equity. Earnings cover interest 5.7 times - adequate, with less room than it looks in a downturn.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→The company's own capital shrank from $64.7B in 2023 to $56.3B (-13%). Buybacks or losses are drawing the buffer down - the distinction matters.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Shareholders received $10.0B in buybacks and $4.1B in dividends in 2025. Stock compensation issued $829M of new shares in the same year, offsetting 6% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→The share count shrank 3.6% in 2025, averaging 3.4% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→The dividend per share reached $3.64 in 2025, compounding +66% a year since 2017.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 37% of profit and 23% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→TMUS earns 9.4% on the capital it employs, below the 10% most investors treat as the cost of capital. It was 3.5% in 2022, so the trend is up, and the pace is picking up.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→TMUS's share count rose +111% from 2011 to 2025 while revenue per share grew +103%. Holders are further ahead than before, though the gain per share is smaller than the growth in the business.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
→Insiders bought $1M and sold $153M on the open market, a net sale of $152M. A further 47 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30