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T-MobileTMUS

$194.7B market cap
T-MobileTMUS
Revenue

Revenue: is the business selling more than it used to?

$88.3B+8% YoYFY 2025

0.00$50.0B2011201220132014201520162017201820192020202120222023202420252026$92.2B

◌ 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

T-MobileTMUS
Net income

Net income: how much of that revenue becomes profit?

$11.0B−3% YoYFY 2025

0.00$10.0B20112012201320142015201620172018201920202021202220232024$11.3B20252026$10.6B

◌ 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

T-MobileTMUS
Growth rate

How fast is it growing, year by year?

+8.5%revenue growth, FY 2025

0.0%100%200%201220132014201520162017201820192020202120222023202420258.5%-3.1%

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

T-MobileTMUS
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$78.08revenue per share, FY 2025

0.0050.00201120122013201420152016201720182019202020212022202320242025202681.5116.27

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $78.08 in 2025, compounding +7% a year against +4% for TMUS as a whole. Buybacks added roughly 3.7 points to your per-share result. Free cash flow per share stands at $15.91.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

T-MobileTMUS
Free cash flow

Free cash flow: what is left in real cash after everything?

$18.0B+34% YoYFY 2025

0.00$10.0B2011201220132014201520162017201820192020202120222023202420252026$18.4B

◌ 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

T-MobileTMUS
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%20%20112012201320142015201620172018201920202021202220232024202520%202620%

◌ 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

T-MobileTMUS
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%10%20112012201320142015201620172018201920202021202220232024202511%0.9%

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

T-MobileTMUS
Operating leverage

When sales grow, do profits grow faster?

0.0%50%100%2014201520162017201820192020202120222023202420258.5%1.5%

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

T-MobileTMUS
Margins

Margins: of every $1 of sales, how much survives each cost layer?

-25%0.0%25%201120122013201420152016201720182019202020212022202320242025202620%11%

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

T-MobileTMUS
Returns on capital

What does it earn on the money it uses?

-100%0.0%201120122013201420152016201720182019202020212022202320242025202619%4.9%9.4%

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

T-MobileTMUS
Valuation history

What has the market paid for TMUS over time?

19.4xP/E today

0.0025.0050.0020152016201720182019202020212022202320242025202611-year median 23.7xP/E 19.44

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

T-MobileTMUS
Free cash flow yield

What cash return does the business throw off per dollar of market value?

9.4%FCF yield today

-10%0.0%10%20152016201720182019202020212022202320242025202611-year median 0.7%FCF yield 9.4%

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

T-MobileTMUS
Debt & cash

Could it handle its debt if things went wrong?

0.00$50.0B201220132014201520162017201820192020202120222023202420252026$6.1B$2.8B

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

T-MobileTMUS
Shareholders' equity

Is the company's own capital growing?

0.00$25.0B$50.0B20122013201420152016201720182019202020212022$69.7B2023202420252026$56.3B

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

T-MobileTMUS
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$10.0B$20.0B2009201020112012201520162017201820192020202120222023202420252026

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

T-MobileTMUS
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%20%20122013201420152016201720182019202034%20212022202320242025-3.6%

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

T-MobileTMUS
Dividend per share

Is the dividend cheque growing?

0.002.00201520162017202320242025DPS 3.64

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

T-MobileTMUS
Payout quality

Can it afford the dividend?

0.0%20%40%201520162017202320242025202639%22%

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

T-MobileTMUS
Return on capital employed

Does TMUS earn more on its capital than that capital costs?

-50%-25%0.0%20112012201320142015201620172018201920202021202220232024202510% cost of capitalreturn on capital 9.4%

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

T-MobileTMUS
Dilution against what it bought

TMUS has issued or retired shares - did shareholders end up better off?

0100200201120122013201420152016201720182019202020212022202320242025211203

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

T-MobileTMUS
Insider flow

Are the people running it buying or selling?

$100M0.00Dec '25Feb '26Mar '26May '26

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

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