T-Mobile US, Inc. (TMUS)

T-Mobile US, Inc., together with its subsidiaries, provides wireless communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to postpaid, prepaid, and wholesale and other services customers. It also provides wireless devices, including smartphones, wearables, tablets, home broadband gateways, headsets, and other mobile communication devices, as well as accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts. The company offers services under the T-Mobile, Metro by T-Mobile, and Mint Mobile brands through its owned and operated retail stores, customer care channels, national retailers, and its websites, as well as through T-Mobile, Metro by T-Mobile, and Mint Mobile apps. It also sells devices to dealers and other third-party distributors for resale through independent third-party retail outlets and various third-party websites. It has 700 MHz wireless spectrum licenses. The company was founded in 1994 and is headquartered in Bellevue, Washington. T-Mobile US, Inc. operates as a subsidiary of Deutsche Telekom AG.

Symbol: TMUS
Exchange: Nasdaq
Sector: Communication Services
Industry: Telecom Services
Market cap: $173.83B
52 week range: 161.14 - 240.95

Valuation

Share price: $161.73 (close of 2026-10-01)
P/E (TTM): 16.86x
Price to book: 3.09x
Price to free cash flow: 9.45x
Enterprise value: $290.44B
Book value per share: $52.35

Price performance

Period	Change
1 day	-0.83%
5 days	-2.19%
1 month	-11.22%
3 months	-6.55%
6 months	-20.82%
Year to date	-20.35%
1 year	-30.67%
3 years	+15.48%
5 years	+27.59%
10 years	+246.17%
All time	+195.13%

Members of Congress who disclosed TMUS trades

Jonathan Jackson · Lisa McClain · Ritchie Torres · Alan Armstrong · Dan Newhouse · Markwayne Mullin · Robert Bresnahan

Profitability and growth

Return on equity: 18.57%
Return on invested capital: 8.52%
Return on assets: 5.01%
Return on capital employed: 9.39%
Gross margin: 47.28%
Net margin: 12.45%
EBITDA margin: 36.00%
Revenue growth: 8.49%
Net income growth: -3.06%
Free cash flow growth: 33.76%

Cash flow and balance sheet

Free cash flow yield (TTM): 10.58%
Current ratio: 0.92x
Net debt to EBITDA: 3.61x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $88.31B
Cost of revenue: $46.56B
Gross profit: $41.75B
EBITDA: $31.79B
Net income: $10.99B
Earnings per share: $9.75
Shares outstanding: 1.13B

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$88.31B	$41.75B	$10.99B	$9.75
2024-12-31	$81.40B	$38.83B	$11.34B	$9.70
2023-12-31	$78.56B	$35.58B	$8.32B	$7.02
2022-12-31	$79.57B	$28.15B	$2.59B	$2.07
2021-12-31	$80.12B	$27.13B	$3.02B	$2.42
2020-12-31	$68.40B	$25.56B	$3.06B	$2.68
2019-12-31	$45.00B	$19.86B	$3.47B	$4.06
2018-12-31	$43.31B	$18.47B	$2.89B	$3.40
2017-12-31	$40.60B	$29.00B	$4.54B	$5.39
2016-12-31	$37.49B	$26.67B	$1.46B	$1.71

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	47.28%	12.45%	18.57%	8.52%
2024-12-31	47.70%	13.93%	18.37%	8.60%
2023-12-31	45.29%	10.59%	12.85%	6.71%
2022-12-31	35.38%	3.25%	3.72%	3.38%
2021-12-31	33.86%	3.77%	4.38%	3.98%
2020-12-31	37.37%	4.48%	4.69%	3.79%
2019-12-31	44.14%	7.71%	12.05%	8.59%
2018-12-31	42.65%	6.67%	11.68%	8.58%
2017-12-31	71.41%	11.17%	20.11%	13.94%
2016-12-31	71.14%	3.89%	8.01%	9.11%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$5.60B	$81.15B
2024-12-31	$5.41B	$74.20B
2023-12-31	$5.13B	$71.40B
2022-12-31	$4.51B	$66.80B
2021-12-31	$6.63B	$67.08B
2020-12-31	$10.38B	$61.83B
2019-12-31	$1.53B	$10.96B
2018-12-31	$1.20B	$12.12B
2017-12-31	$1.22B	$12.12B
2016-12-31	$5.50B	$21.83B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$18.00B	$829.00M
2024-12-31	$13.45B	$649.00M
2023-12-31	$8.76B	$667.00M
2022-12-31	$2.81B	$595.00M
2021-12-31	$1.59B	$540.00M
2020-12-31	-$2.39B	$694.00M
2019-12-31	$433.00M	$495.00M
2018-12-31	-$1.64B	$424.00M
2017-12-31	-$1.41B	$306.00M
2016-12-31	-$1.92B	$235.00M