T vs TMUS.

→The two are furthest apart on Health, where T-Mobile passes 3 more of the six. They score identically on 3 of the six, so the difference between them is narrower than a headline suggests.

	T	TMUS
Health	2/6	5/6
Value	3/6	4/6
Quality	4/6	5/6
Growth	4/6	4/6
Shareholder returns	4/6	4/6
Trend analysis	4/6	4/6
All checks	21/36	26/36

→AT&T turns over $127.2B to T-Mobile's $92.2B, 1.4 times as much. AT&T keeps 16.9% of revenue as profit against 11.5% at T-Mobile.

→T-Mobile carries much the lighter balance sheet, 0.11x of debt to equity against 1.14x - which matters most in the year a downturn arrives, not this one.

	T	TMUS
Debt / equity	1.14x	0.11x
Interest coverage	3.6x	5.7x
Cash and short-term investments	$19.5B	$2.8B

→AT&T is the cheaper of the two on earnings, 8.5x against 19.5x. Against their own histories, AT&T is above its 7.0x median and T-Mobile is below its 23.7x.

	T	TMUS
Share price	$25.60	$181.69
Market cap	$175.4B	$194.9B
P/E	8.5x	19.5x
P/E, own median own 9-year median / own 11-year median	7.0x	23.7x
P/S	1.4x	2.1x
Free cash flow yield	10.0%	9.4%

→T-Mobile keeps more of each sale: gross margin of 87.3% against 50.6%, a gap of 37 points that flows into everything below it.

	T	TMUS
Gross margin	50.6%	87.3%
Operating margin	20.1%	19.8%
Return on equity	17.1%	18.8%

→T-Mobile grew revenue faster last year, +9.7% against +2.6% at AT&T - 7 points apart. Over three years the order is reversed: T-Mobile compounds at +3.5% against +1.3%.

	T	TMUS
Revenue (TTM)	$127.2B	$92.2B
Revenue growth, 1 year	+2.6%	+9.7%
Revenue CAGR, 3 years	+1.3%	+3.5%
Net income (TTM)	$21.6B	$10.6B
Free cash flow (TTM)	$17.6B	$18.4B

→Both pay: AT&T yields the more at 4.7% against 2.1%. A yield rises when a price falls, so read it beside the payout checks in each report.

	T	TMUS
Dividend yield	4.7%	2.1%
Payout ratio	37.9%	39.0%
Years of unbroken dividend	-	-