TMUSNasdaqRadiotelephone CommunicationsFiscal year ends December 31Also trades as TMUSI, TMUSL, TMUSZ
T-Mobile US, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$156.09−3.01 (-1.89%)
Close on Oct 19, 2026
- Market cap
- $168.95B
- P/E (TTM)
- 16.3
- Dividend yield
- 2.43%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
20.7%+11.0 pts over 5 years
Net margin
12.4%+8.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.5% | +3.5% | +5.2% | +10.5% | |
| Operating income | +1.5% | +40.8% | +22.5% | +22.1% | |
| Net income | -3.1% | +61.9% | +29.1% | +31.1% | |
| EPS, diluted | +0.6% | +67.7% | +29.7% | +28.1% | |
| Free cash flow | +33.8% | +85.7% | – | +38.6% | |
| Dividend per share | +2.4% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.4% | 6.5% | 18.2% | |
| Return on assets | 2.3% | 2.1% | 5.1% | |
| Current ratio | 1.58 | 1.10 | 1.00 | |
| Debt to equity | 1.22 | 1.09 | 1.46 | |
| Net debt to EBITDA | 1.62× | 2.91× | 2.54× | |
| Interest coverage | 2.9× | 2.7× | – | |
| Inventory turnover | 9.0× | – | – | |
| Capex to revenue | 12.5% | 16.1% | 11.3% | |
| Diluted shares | 833M | 1.15B | 1.13B |
Where the cash went
Fiscal 2021 to 2025, five years combined
T-Mobile US generated $99.50B from operations and spent $100.34B on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
$99.50B
Used
$100.34B
Capital expenditure$54.89B55%Dividends$8.17B8%Share buybacks$37.28B37%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.4%
×Asset turnover0.41×
×Equity multiplier3.53×
=Return on equity, FY202518.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.4% | 0.41× | 3.53× | 18.2% |
| FY2024 | 13.9% | 0.39× | 3.29× | 17.9% |
| FY2023 | 10.6% | 0.37× | 3.12× | 12.4% |
| FY2022 | 3.3% | 0.38× | 3.01× | 3.7% |
| FY2021 | 3.8% | 0.39× | 3.03× | 4.5% |
| FY2020 | 4.5% | 0.48× | 3.05× | 6.5% |
| FY2019 | 7.7% | 0.56× | 2.98× | 13.0% |
| FY2018 | 6.7% | 0.61× | 3.03× | 12.2% |
| FY2017 | 11.2% | 0.60× | 3.34× | 22.2% |
| FY2016 | 3.9% | 0.58× | 3.69× | 8.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$10.99B
- Cash generatingOperating cash flow above zero$27.95B
- Return on assets improvedROA up on the prior year5.5% → 5.3%
- Earnings backed by cashOperating cash flow above net income$27.95B vs $10.99B
- Less leverageLong-term debt to assets fell35.7% → 37.0%
- Better liquidityCurrent ratio rose0.91 → 1.00
- No dilutionShare count did not rise1.17B → 1.13B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.39 → 0.42