T-Mobile US, Inc.
TMUS· Nasdaq, Nasdaq, Nasdaq, Nasdaq· Radiotelephone Communications
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 20.4%
- ROIC, 5 yr avg
- 7.3%
- Revenue, 5 yr CAGR
- +5.2%
We record prices for the companies we cover; TMUS is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 1.13B
- Revenue
- $88.3B
- Free cash flow
- $18.0B
- Owner earnings
- $17.2B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 20.7%
- Net
- 12.4%
- Free cash flow
- 20.4%
- Owner earnings
- 19.4%
- Stock pay
- 0.9%
Returns
- ROIC, FY2025
- 10.1%
- ROIC, 5 yr avg
- 7.3%
- ROE, FY2025
- 18.6%
- ROE, 5 yr avg
- 11.6%
Growth (CAGR)
- Revenue, 3 yr
- 3.5%
- Revenue, 5 yr
- 5.2%
- Revenue, 9 yr
- 10.0%
- Diluted EPS, 3 yr
- 67.7%
- Diluted EPS, 5 yr
- 29.7%
- Diluted EPS, 9 yr
- 21.5%
- Free cash flow, 3 yr
- 85.7%
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $5.6B
- Total debt
- $86.3B
- Net debt
- $80.7B
- Debt/Equity
- 1.5x
- Debt/FCF
- 4.8x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 37.5%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -0.4%
Financials: ten years from the 10-Ks
Revenue
$88.3B
+10.0% a year over 9 years
FY2016FY2025
Margins
Operating20.7%Net12.4%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$18.0BOwner earnings$17.2B
FY2025
FY2016FY2025
Diluted shares
1.13B
+35.8% over 9 years, net dilution
FY2016FY2025
Return on invested capital
10.1%
FY2025
FY2016FY2025
Net debt (below zero)
-$80.7B
$80.7B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $37.5B | $40.6B | $43.3B | $45.0B | $68.4B | $80.1B | $79.6B | $78.6B | $81.4B | $88.3B |
| Revenue growth | 15.5% | 8.3% | 6.7% | 3.9% | 52.0% | 17.1% | -0.7% | -1.3% | 3.6% | 8.5% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 10.8% | 12.0% | 12.3% | 12.7% | 9.7% | 8.6% | 8.2% | 18.2% | 22.1% | 20.7% |
| Net income | $1.5B | $4.5B | $2.9B | $3.5B | $3.1B | $3.0B | $2.6B | $8.3B | $11.3B | $11.0B |
| Net margin | 3.9% | 11.2% | 6.7% | 7.7% | 4.5% | 3.8% | 3.3% | 10.6% | 13.9% | 12.4% |
| Diluted EPS | $1.69 | $5.20 | $3.36 | $4.02 | $2.65 | $2.41 | $2.06 | $6.93 | $9.66 | $9.72 |
| Return on invested capital? | 7.4% | – | 10.7% | 11.3% | 4.1% | 4.6% | 3.8% | 8.0% | 10.3% | 10.1% |
| Cash | ||||||||||
| Operating cash flow | $2.8B | $3.8B | $3.9B | $6.8B | $8.6B | $13.9B | $16.8B | $18.6B | $22.3B | $27.9B |
| Capital expenditure | $4.7B | $5.2B | $5.5B | $6.4B | $11.0B | $12.3B | $14.0B | $9.8B | $8.8B | $10.0B |
| Free cash flow | -$1.9B | -$1.4B | -$1.6B | $433.0M | -$2.4B | $1.6B | $2.8B | $8.8B | $13.5B | $18.0B |
| Stock-based compensation | $235.0M | $306.0M | $424.0M | $495.0M | $694.0M | $540.0M | $595.0M | $667.0M | $649.0M | $829.0M |
| Owner earnings? | -$2.2B | -$1.7B | -$2.1B | -$62.0M | -$3.1B | $1.1B | $2.2B | $8.1B | $12.8B | $17.2B |
| Free cash flow per share | $-2.31 | $-1.61 | $-1.91 | $0.50 | $-2.07 | $1.27 | $2.24 | $7.30 | $11.47 | $15.91 |
| Capital allocation | ||||||||||
| Dividends paid | $55.0M | $55.0M | $0 | $0 | – | $0 | $0 | $747.0M | $3.3B | $4.1B |
| Share repurchases | $0 | $427.0M | $1.1B | $0 | $19.5B | $0 | $3.0B | $13.1B | $11.2B | $10.0B |
| Diluted shares | 833.1M | 871.8M | 858.3M | 863.4M | 1.15B | 1.25B | 1.26B | 1.20B | 1.17B | 1.13B |
| Share count change? | 1.3% | 4.6% | -1.5% | 0.6% | 33.7% | 8.7% | 0.0% | -4.4% | -2.3% | -3.6% |
| Balance sheet | ||||||||||
| Cash and equivalents | $5.5B | $1.2B | $1.2B | $1.5B | $10.4B | $6.6B | $4.5B | $5.1B | $5.4B | $5.6B |
| Short-term investments | $0 | – | – | – | – | – | – | – | – | – |
| Total debt | $21.8B | $12.1B | $13.0B | $11.0B | $71.0B | $73.8B | $77.1B | $75.0B | $78.3B | $86.3B |
| Net debt | $16.3B | $10.9B | $11.8B | $9.5B | $60.6B | $67.2B | $72.6B | $69.9B | $72.9B | $80.7B |
| Shareholders' equity | $18.2B | $22.6B | $24.7B | $28.8B | $65.3B | $69.1B | $69.7B | $64.7B | $61.7B | $59.2B |
Latest filings
| 2026-10-28 | 10-Q | Quarterly report |
| 2026-10-28 | 8-K | Earnings release |
| 2026-07-23 | 10-Q | Quarterly report |
| 2026-07-23 | 8-K | Earnings release |
| 2026-04-28 | 10-Q | Quarterly report |
| 2026-04-28 | 8-K | Earnings release |
| 2026-04-27 | DEF 14A | Proxy statement |
| 2026-02-11 | 10-K | Annual report |
| 2026-02-11 | 8-K | Earnings release |
| 2025-10-23 | 10-Q | Quarterly report |
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