Is T-Mobile US financially healthy?

On 30 September 2026 T-Mobile US held 5.62B USD in cash and short-term investments against total debt of 118.04B USD. Its current ratio is 0.91: what falls due within a year against what turns into cash within a year. Over the last twelve months it generated 16.08B USD of free cash flow.

Is T-Mobile US growing?

T-Mobile US's revenue grew 5.2% a year over its last five fiscal years, from 68.40B USD in fiscal year 2020 to 88.31B USD in fiscal year 2025. Over the last twelve months it was up 9.3% on the twelve months before.

Where can I find T-Mobile US's annual report (10-K)?

T-Mobile US files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

T-Mobile US
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Arincen ScoreBeta77/100

77/100B

161.940

USD

1.21

(0.75%)

Post Trading·161.240USD-0.700(-0.43%)

Last updated: 6 Nov, 16:26 GMT-5 · Delayed 15 min

Fair value284.70Plus-43%214Price 161.94356

Q4 FY2026 · Earnings report

EPS estimate 2.68Revenue estimate 25.44B

Q4 FY2026 · Earnings report

Wednesday 10 February

EPS estimate 2.68Revenue estimate 25.44B

Fair value284.70Plus-43%214Price 161.94356

Q4 FY2026 · Earnings report

EPS estimate 2.68Revenue estimate 25.44B

Q4 FY2026 · Earnings report

Wednesday 10 February

EPS estimate 2.68Revenue estimate 25.44B

Overview Financials News Forecast Earnings Dividends Company

T-Mobile US financials

Yes. T-Mobile US earned 11.30B USD of net income over the last twelve months, 12.0% of its revenue. It made a profit in 24 of its 26 fiscal years since 2000. Its last loss was in fiscal year 2001.

Revenue (TTM): 93.82B USD
Net income (TTM): 11.30B USD
Free cash flow (TTM): 16.08B USD
Cash and short-term investments: 5.62B USD
Total debt: 118.04B USD
Shareholders' equity: 56.31B USD

Cash, debt and equity as of 30 Sept 2026.

T-Mobile US earnings

Next earnings · Q4 FY2026

10 Feb 2027

EPS estimate

2.68 USD

Revenue estimate

25.44B USD

Last quarter · Q3 FY2026

EPS3.22Beat +11.4%Revenue23.58BBeat +1.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q1 FY2028	—	3.93	—	—	+17.05%	25.54B	—	—	+5.64%
Q4 FY2027	—	3.21	—	—	+19.80%	26.36B	—	—	+3.59%
Q1 FY2027	—	3.36	—	—	+47.87%	24.18B	—	—	+4.62%
Q4 FY2026	10 Feb 2027	2.68	—	—	+42.55%	25.44B	—	—	+4.56%
Q3 FY2026	28 Oct 2026	2.89	3.22	+11.42%	+24.32%	23.15B	23.58B	+1.89%	+7.41%
Q2 FY2026	23 Jul 2026	2.59	2.99	+15.44%	+5.28%	22.95B	22.79B	-0.67%	+7.85%
Q1 FY2026	28 Apr 2026	2.01	2.27	+12.94%	-12.02%	22.98B	23.11B	+0.55%	+10.63%
Q4 FY2025	11 Feb 2026	2.05	1.88	-8.29%	-26.85%	24.17B	24.33B	+0.66%	+11.26%
Q3 FY2025	23 Oct 2025	2.40	2.59	+7.92%	-0.77%	21.91B	21.96B	+0.22%	+8.90%
Q2 FY2025	23 Jul 2025	2.67	2.84	+6.37%	+14.06%	21.04B	21.13B	+0.45%	+6.88%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2028	17.15	—	—	+21.68%	102.64B	—	—	+3.66%
FY2027	14.09	—	—	+26.15%	99.01B	—	—	+4.42%
FY2026	11.17	—	—	+12.98%	94.82B	—	—	+7.38%
FY2025	9.90	9.89	-0.05%	+2.28%	88.13B	88.31B	+0.21%	+8.49%
FY2024	9.38	9.67	+3.10%	+39.54%	80.82B	81.40B	+0.72%	+3.62%
FY2023	7.16	6.93	-3.25%	+236.41%	77.78B	78.56B	+1.00%	-1.27%
FY2022	2.07	2.06	-0.44%	-35.02%	79.89B	79.57B	-0.40%	-0.68%

T-Mobile US growth and profitability

Full income statement

Revenue (TTM): 93.82B USD
Net income (TTM): 11.30B USD
Gross margin: 54.43%
Operating margin: 20.66%
Net margin: 12.05%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2025	88.31B	+8.49%	10.99B	-3.06%	47.64%	20.70%	12.45%	31.31B	+0.86%
FY2024	81.40B	+3.62%	11.34B	+36.34%	63.57%	22.13%	13.93%	31.04B	+14.33%
FY2023	78.56B	-1.27%	8.32B	+221.12%	61.57%	18.16%	10.59%	27.15B	+34.68%
FY2022	79.57B	-0.68%	2.59B	-14.35%	54.50%	8.22%	3.25%	20.16B	-12.63%
FY2021	80.12B	+17.14%	3.02B	-1.31%	54.31%	8.60%	3.77%	23.08B	+13.22%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q3 FY2026	23.58B	3.46B	49.53%	24.00%	14.65%
Q2 FY2026	22.79B	3.24B	64.77%	24.09%	14.21%
Q1 FY2026	23.11B	2.50B	61.80%	19.46%	10.84%
Q4 FY2025	24.33B	2.10B	42.48%	15.35%	8.64%
Q3 FY2025	21.96B	2.71B	49.29%	20.63%	12.36%

How T-Mobile US makes its money

Branded Postpaid Revenue57.93B 65.6%

Product, Equipment15.97B 18.1%

Branded Prepaid Revenue10.50B 11.9%

Wholesale Service Revenue2.88B 3.3%

Product and Service, Other1.03B 1.2%

Revenue88.31B 100.0%

Cost of revenue46.24B 52.4%

Gross profit42.07B 47.6%

Research and development278.00M 0.3%

Selling and administration22.96B 26.0%

Other operating expenses552.00M 0.6%

Operating income18.28B 20.7%

Tax3.29B 3.7%

Other expense4.00B 4.5%

Net income10.99B 12.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

T-Mobile US revenue breakdown

By product

FY2025

65.6%Branded Postpaid Revenue18.1%Product, Equipment11.9%Branded Prepaid Revenue3.3%Wholesale Service Revenue1.2%Product and Service, Other

Segment	Revenue	Share of revenue	Change on the year
Branded Postpaid Revenue	57.93B	65.6%	+10.7%
Product, Equipment	15.97B	18.1%	+12.0%
Branded Prepaid Revenue	10.50B	11.9%	+0.9%
Wholesale Service Revenue	2.88B	3.3%	-16.3%
Product and Service, Other	1.03B	1.2%	+7.5%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2025	27.95B	15.43B
FY2024	22.29B	9.98B
FY2023	18.56B	7.75B
FY2022	16.78B	-520.00M
FY2021	13.92B	-7.78B
FY2020	8.64B	-3.73B
FY2019	6.82B	-534.00M
FY2018	3.90B	-1.77B
FY2017	3.83B	-7.23B
FY2016	6.14B	-2.54B

T-Mobile US financial health

Full balance sheet

Cash and short-term investments: 5.62B USD
Total debt: 118.04B USD
Net cash: -112.42B USD
Free cash flow (TTM): 16.08B USD
Current ratio: 0.91
Debt to equity: 2.10
Piotroski score: 8 / 9
Altman Z-score: 1.52

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2025	5.60B	122.27B	15.43B
FY2024	5.41B	114.40B	9.98B
FY2023	5.14B	113.83B	7.75B
FY2022	4.51B	111.79B	-520.00M
FY2021	6.63B	108.82B	-7.78B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2025	219.24B	160.03B	59.20B
FY2024	208.04B	146.29B	61.74B
FY2023	207.68B	142.97B	64.72B
FY2022	211.34B	141.68B	69.66B
FY2021	206.56B	137.46B	69.10B
FY2020	200.16B	134.82B	65.34B
FY2019	86.92B	58.13B	28.79B
FY2018	72.47B	47.75B	24.72B
FY2017	70.56B	48.00B	22.56B
FY2016	65.89B	47.66B	18.24B

T-Mobile US valuation

Price to earnings ratio (TTM): 15.59
Forward P/E (FY2026): 14.49
Price to sales (TTM): 1.83
Price to book: 3.05
EV / EBITDA (TTM): 8.75

Capital structure

Market capitalization

171.54B USD

Total debt

118.04B USD

−

Cash and short-term investments

5.62B USD

Enterprise value

283.96B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2028 (est.)	9.44	—	—	—	—
FY2027 (est.)	11.49	9.44	—	—	—
FY2026 (est.)	14.49	11.49	—	—	—
Now (TTM)	15.59	11.85	1.83	3.05	8.75
FY2025	20.82	18.17	2.59	3.87	11.04
FY2024	22.76	22.31	3.17	4.18	11.82
FY2023	22.84	17.12	2.42	2.94	11.00
FY2022	67.63	19.59	2.20	2.51	14.00
FY2021	47.93	56.06	1.81	2.09	10.70

T-Mobile US against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Verizon Communications, AT&T Inc. 5.35% GLB NTS 66, AT&T, Comcast, T-Mobile US, Inc. 6.25 % Notes -01.09.69, and T-Mobile USA Inc 5.5 % Notes 2025-01.06.70, the US Telecommunications Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Below its median15.6
14.2124.9
Gross marginLowest in 5 years47.6%
47.6%63.6%
Against its peers: 4 of 5Peers' median 59.6%
Operating marginAbove its median20.7%
8.2%22.1%
Against its peers: 2 of 5Peers' median 19.9%
Net marginAbove its median12.4%
3.3%13.9%
Against its peers: 4 of 5Peers' median 16.8%
Return on equityHighest in 5 years18.6%
3.7%18.6%
Against its peers: 4 of 5Peers' median 19.8%
Free cash flow marginHighest in 5 years17.5%
-9.7%17.5%
Against its peers: 1 of 5Peers' median 15.5%
Revenue growthAbove its median8.5%
-1.3%17.1%
Against its peers: 1 of 5Peers' median 2.6%
EPS growthAt its median0.6%
-14.5%236.4%
Against its peers: 4 of 5Peers' median 67.1%
Debt to EBITDABelow its median3.91×
3.69×5.54×
Against its peers: 4 of 5Peers' median 3.18×
Current ratioHighest in 5 years1.00
0.771.00
Against its peers: 1 of 5Peers' median 0.91

Figure	FY2025	5-year low – high	Against its history	Against its peers
P/E (today)	15.6	14.2124.9	Below its median	—
Gross margin	47.6%	47.6%63.6%	Lowest in 5 years	4 of 5
Operating margin	20.7%	8.2%22.1%	Above its median	2 of 5
Net margin	12.4%	3.3%13.9%	Above its median	4 of 5
Return on equity	18.6%	3.7%18.6%	Highest in 5 years	4 of 5
Free cash flow margin	17.5%	-9.7%17.5%	Highest in 5 years	1 of 5
Revenue growth	8.5%	-1.3%17.1%	Above its median	1 of 5
EPS growth	0.6%	-14.5%236.4%	At its median	4 of 5
Debt to EBITDA	3.91×	3.69×5.54×	Below its median	4 of 5
Current ratio	1.00	0.771.00	Highest in 5 years	1 of 5

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

T-Mobile US dividends

Annual dividend: 4.68 USD
Dividend yield (indicated): 2.89%
Payout ratio: 50.53%
Years of dividend growth: 3
Frequency: Quarterly
Last payment: 1.17 USD
Last ex-dividend date: 25 Nov 2026
Last payment date: 10 Dec 2026

Dividends per share

Year	2025	2024	2023	2013
Dividends per share	3.66	2.83	0.65	4.06

T-Mobile US ownership

Institutions: 42.74%
Institutional holders: 1,746 (-57)
Free float: 44.64%

Who owns the shares

Institutions 42.7% Others 57.3%

As of 30 Jun 2026

Shares free to trade

Free float 472.88M shares ·44.6% Closely held 586.39M shares ·55.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

Quarter	Purchases	Sales	Shares acquired	Shares disposed of
Q3 2026	0	1	43.84K	1.56K
Q2 2026	1	2	13.77K	10.15K
Q1 2026	0	10	239.94K	755.03K
Q4 2025	1	97	187.25K	1.44M

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2025	1.13B	1.13B	-3.59%
FY2024	1.17B	1.17B	-2.26%
FY2023	1.19B	1.20B	-4.39%
FY2022	1.25B	1.26B	+0.05%
FY2021	1.25B	1.25B	+8.66%

Common questions about T-Mobile US's financials

Source: Financial Modeling Prep

T-Mobile US
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TMUS

T-Mobile US financials

T-Mobile US earnings

Revenue

EPS

T-Mobile US growth and profitability

Revenue / Net income

How T-Mobile US makes its money

T-Mobile US revenue breakdown

By product

Operating and free cash flow

T-Mobile US financial health

Cash, debt and free cash flow

Assets, liabilities and equity

T-Mobile US valuation

Capital structure

Valuation over time

T-Mobile US against its own history

T-Mobile US dividends

Dividends per share

T-Mobile US ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about T-Mobile US's financials

Is T-Mobile US profitable?

Is T-Mobile US financially healthy?

Is T-Mobile US growing?

Where can I find T-Mobile US's annual report (10-K)?

Need help?

T-Mobile US DQuotes are delayed by 15 minutes

TMUS

T-Mobile US financials

T-Mobile US earnings

Revenue

EPS

T-Mobile US growth and profitability

Revenue / Net income

How T-Mobile US makes its money

T-Mobile US revenue breakdown

By product

Operating and free cash flow

T-Mobile US financial health

Cash, debt and free cash flow

Assets, liabilities and equity

T-Mobile US valuation

Capital structure

Valuation over time

T-Mobile US against its own history

T-Mobile US dividends

Dividends per share

T-Mobile US ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about T-Mobile US's financials

Is T-Mobile US profitable?

Is T-Mobile US financially healthy?

Is T-Mobile US growing?

Where can I find T-Mobile US's annual report (10-K)?

Need help?

T-Mobile US
D
Quotes are delayed by 15 minutes