TMUS Communication Services

T-Mobile US, Inc.

$154.41-3.58%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Communication Services
Industry: Telecom Services
Country: United States
Market cap: 165.6B USD
Enterprise value: 259.3B USD
Full-time employees: 75,000

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.92 vs a peer median of 1.38) and more debt relative to equity (1.54× vs a peer median of 0.37×)higher risk: less liquidity (current ratio 0.92 vs peers 1.38) and more debt vs equity (1.54× vs peers 0.37×)
About average: growth

Ranks #189 of 454 communication services companies (top 42%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since 2022: revenue +11%, operating profit +179%.
Since 2022, T-Mobile US's revenue grew 11% while operating profit grew 179%: each extra dollar of sales is adding more profit.
Share count shrinking. Shares outstanding down 13% from December 2022 to July 2026.
T-Mobile US had 13% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 174% of reported profit.
T-Mobile US's free cash flow is 174% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

55/ 100

Oct 5 55 → Nov 4 55

Valuation

Is the price right?

69/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield
▲ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield6.4%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 1.17Sector median: 0.0294 · MAD: 0.0294

EBITDA yield12.8%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.66Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield11.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.63Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield34.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

55/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Revenue growth
▲ 3-yr revenue
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-9.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.58Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth5.5%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.36Sector median: 0.0303 · MAD: 0.0683

Revenue growth9.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.93Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

70/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin19.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.47Sector median: 0.0818 · MAD: 0.0789

Return on assets4.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.70Sector median: 0.0272 · MAD: 0.0318

Return on invested capital10.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.56Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin63.1%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity18.8%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.32

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.16Sector median: 0.6525 · MAD: 0.2880

Current ratio0.92×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.66Sector median: 1.3848 · MAD: 0.6948

Debt / equity1.54×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.52Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about T-Mobile US

Is T-Mobile US getting weaker?: Its latest SEC filing (Jul 23, 2026) showed no major changes. Its overall score is unchanged at 55/100 since Oct 28, 2026.
How is T-Mobile US valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 512 communication services peers. Earnings yield 6.4% vs a peer median of 2.9% (stronger than 72% of peers).Earnings yield 6.4% vs peers 2.9% (stronger than 72% of peers).
Is T-Mobile US growing?: At about the same pace as its peers. Growth scores 55/100 against 512 communication services peers. Revenue growth 9.7% vs a peer median of 3.0% (stronger than 71% of peers).Revenue growth 9.7% vs peers 3.0% (stronger than 71% of peers). Earnings per share growth -9.3% vs a peer median of 8.8% (weaker than 64% of peers).Earnings per share growth -9.3% vs peers 8.8% (weaker than 64% of peers).
How profitable is T-Mobile US?: More profitable than most of its peers. Profitability scores 70/100 against 512 communication services peers. Operating margin 19.8% vs a peer median of 8.2% (stronger than 79% of peers).Operating margin 19.8% vs peers 8.2% (stronger than 79% of peers).
How risky is T-Mobile US?: Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 0.32 vs a peer median of 0.65 (stronger than 82% of peers).Beta 0.32 vs peers 0.65 (stronger than 82% of peers). Debt / equity 1.54× vs a peer median of 0.37× (weaker than 79% of peers).Debt / equity 1.54× vs peers 0.37× (weaker than 79% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 23, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	90.5B USD	92.2B USD	+1.8%
Net income (12 months)	10.5B USD	10.6B USD	+0.2%
Operating margin	19.9%	19.8%	−0.1 pts
Free cash flow (12 months)	18.2B USD	18.4B USD	+1.1%
Cash	3.5B USD	2.8B USD	−19.7%
Shares outstanding	1.08B	1.07B	−0.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Communication Services · 67 companies

Valuations in Communication Services are within their usual range since 2016.

46% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +11% (medians): earnings grew faster than prices.
Median price-to-sales is −6% vs the whole market, against a usual −7%.

2016Shaded: most expensive fifth of its range2026

Shown for Communication Services: too few Telecom Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	8.6%	8.2%	18.2%	22.1%	20.7%	▼ 1.4 pts
Net margin	3.8%	3.3%	10.6%	13.9%	12.4%	▼ 1.5 pts
Return on assets (ROA)	1.5%	1.2%	4.0%	5.5%	5.0%	▼ 0.4 pts
Return on equity (ROE)	4.4%	3.7%	12.9%	18.4%	18.6%	▲ 0.2 pts
Free cash flow margin	2.0%	3.5%	11.1%	16.5%	20.4%	▲ 3.9 pts
Current ratio	0.89×	0.77×	0.91×	0.91×	1.00×	▲ 9.4%
Quick ratio	0.78×	0.69×	0.83×	0.83×	0.90×	▲ 8.1%
Debt to equity	1.12×	1.11×	1.22×	1.33×	1.54×	▲ 16%
Interest coverage	2.16×	—	—	—	—	—

TMUS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.92 vs a peer median of 1.38) and more debt relative to equity (1.54× vs a peer median of 0.37×)higher risk: less liquidity (current ratio 0.92 vs peers 1.38) and more debt vs equity (1.54× vs peers 0.37×)

About average: growth

Ranks #189 of 454 communication services companies (top 42%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since 2022: revenue +11%, operating profit +179%.

Since 2022, T-Mobile US's revenue grew 11% while operating profit grew 179%: each extra dollar of sales is adding more profit.

Share count shrinking. Shares outstanding down 13% from December 2022 to July 2026.

T-Mobile US had 13% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Profit is backed by cash. Free cash flow is 174% of reported profit.

T-Mobile US's free cash flow is 174% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about T-Mobile US

Is T-Mobile US getting weaker?

Its latest SEC filing (Jul 23, 2026) showed no major changes. Its overall score is unchanged at 55/100 since Oct 28, 2026.

How is T-Mobile US valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 512 communication services peers. Earnings yield 6.4% vs a peer median of 2.9% (stronger than 72% of peers).Earnings yield 6.4% vs peers 2.9% (stronger than 72% of peers).

Is T-Mobile US growing?

At about the same pace as its peers. Growth scores 55/100 against 512 communication services peers. Revenue growth 9.7% vs a peer median of 3.0% (stronger than 71% of peers).Revenue growth 9.7% vs peers 3.0% (stronger than 71% of peers). Earnings per share growth -9.3% vs a peer median of 8.8% (weaker than 64% of peers).Earnings per share growth -9.3% vs peers 8.8% (weaker than 64% of peers).

How profitable is T-Mobile US?

More profitable than most of its peers. Profitability scores 70/100 against 512 communication services peers. Operating margin 19.8% vs a peer median of 8.2% (stronger than 79% of peers).Operating margin 19.8% vs peers 8.2% (stronger than 79% of peers).

How risky is T-Mobile US?

Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 0.32 vs a peer median of 0.65 (stronger than 82% of peers).Beta 0.32 vs peers 0.65 (stronger than 82% of peers). Debt / equity 1.54× vs a peer median of 0.37× (weaker than 79% of peers).Debt / equity 1.54× vs peers 0.37× (weaker than 79% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

90.5B USD

92.2B USD

+1.8%

Net income (12 months)

10.5B USD

10.6B USD

+0.2%

Operating margin

19.9%

19.8%

−0.1 pts

Free cash flow (12 months)

18.2B USD

18.4B USD

+1.1%

Cash

3.5B USD

2.8B USD

−19.7%

Shares outstanding

1.08B

1.07B

−0.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

8.6%

8.2%

18.2%

22.1%

20.7%

▼ 1.4 pts

Net margin

3.8%

3.3%

10.6%

13.9%

12.4%

▼ 1.5 pts

Return on assets (ROA)

1.5%

1.2%

4.0%

5.5%

5.0%

▼ 0.4 pts

Return on equity (ROE)

4.4%

3.7%

12.9%

18.4%

18.6%

▲ 0.2 pts

Free cash flow margin

2.0%

3.5%

11.1%

16.5%

20.4%

▲ 3.9 pts

Current ratio

0.89×

0.77×

0.91×

1.00×

▲ 9.4%

Quick ratio

0.78×

0.69×

0.83×

0.90×

▲ 8.1%

Debt to equity

1.12×

1.11×

1.22×

1.33×

1.54×

▲ 16%

Interest coverage

2.16×

—