FirmAtlas
Company handbook · TMUS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
TMUS · CIK 1283699 · LATEST FILING: 10-Q JUN '26 · FILED JUL 23, 2026
T-MOBILE US, INC.
$159.10
+2.07 (+1.32%)
Close, Oct 16, 2026 · 52-week $148–231
Last fiscal year
T-MOBILE US, INC. reported revenue of $88.3B for the year ended Dec 31, 2025 (FY25), up 8.5% from FY24. Net income was $11.0B, operating cash flow $27.9B and free cash flow $18.0B. Source: 10-K filed Feb 11, 2026.
Market cap
$176.1B
P/E
16.7
EV/EBITDA
8.2x
P/B
3.1
Div yield
2.56%
ROIC
9.9%
Revenue 1Y
8.5%/yr
EPS 1Y
0.6%/yr
Shares 1Y
−3%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOSrinivasan Gopalan
HQBellevue, WA
AuditorDeloitte & Touche LLP
Employees75,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
13.2%
6.2%
3.6%
−29.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$51.3B deployed
Capex
$18.8B
36.6%
Acquisitions
$3.9B
7.6%
Dividends
$7.4B
14.5%
Buybacks
$21.2B
41.3%
Operating cash flow over the period: $50.2B. Total debt changed by +$9.1B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY19).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
81,400
88,309+8.5%
92,189
YoY
+8.5%
Operating income
18,010
18,279+1.5%
18,253
Operating margin
22.1%
20.7%−1.4 pp
—
EBITDA
30,929
31,787+2.8%
—
EBITDA margin
38.0%
36.0%−2.0 pp
—
Interest expense
3,683
3,882+5.4%
—
Interest coverage
8.40x
8.19x−0.21x
—
Net income
11,339
10,992−3.1%
10,560
YoY
−3.1%
Net margin
13.9%
12.4%−1.5 pp
—
EPS (diluted, $)
9.66
9.72+0.6%
9.57
YoY
+0.6%
Balance sheet
Total assets
208,035
219,237+5.4%
213,553
Cash & short-term investments
5,713
5,976+4.6%
—
Accounts receivable
4,276
4,874+14.0%
—
Inventory
1,607
2,405+49.7%
—
Net PP&E
38,533
38,333−0.5%
—
Other assets
157,906
167,649+6.2%
—
Total liabilities
146,294
160,034+9.4%
157,288
Accounts payable
8,463
10,280+21.5%
—
Total debt
82,333
91,417+11.0%
7,238
Other liabilities
55,498
58,337+5.1%
—
Shareholders’ equity
61,741
59,203−4.1%
56,265
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
22,293
27,950+25.4%
28,833
Net income
11,339
10,992−3.1%
—
Depreciation & amortization
12,919
13,508+4.6%
—
Stock-based compensation
649
829+27.7%
—
Working capital & other
(2,614)
2,621n/m
—
Cash from investing
(9,072)
(17,607)n/m
—
Capex
(8,840)
(9,955)n/m
—
PP&E sold
99
2,168+2089.9%
—
Acquisitions
(373)
(3,523)n/m
—
Other investing
42
(6,297)−15092.9%
—
Cash from financing
(12,815)
(10,081)n/m
—
Debt raised
8,587
12,013+39.9%
—
Debt repaid
(5,073)
(6,199)n/m
—
Dividends
(3,300)
(4,121)n/m
—
Buybacks
(11,228)
(9,974)n/m
—
Other financing
(1,801)
(1,800)n/m
—
Net change in cash
406
263−35.2%
—
Free cash flow (OCF − capex)
13,453
17,995+33.8%
18,399
Where the cash went
Operating cash flow
22,293
27,950+25.4%
28,833
Reinvested in the business
9,213
13,478+46.3%
—
% of operating cash flow
41.3%
48.2%
Capex
8,840
9,955+12.6%
10,434
Acquisitions
373
3,523+844.5%
—
Free cash flow
13,453
17,995+33.8%
18,399
YoY
+33.8%
Returned to shareholders
14,528
14,095−3.0%
—
% of free cash flow
108.0%
78.3%
Dividends
3,300
4,121+24.9%
—
Buybacks
11,228
9,974−11.2%
—
Change in total debt
—
9,084
—
Cash left over
—
9,461
—
FCF conversion (FCF ÷ net income)
118.6%
163.7%+45.1 pp
—
Owner earnings
—
14,966
—
Owner earnings margin
—
16.9%
—
Buyback yield
4.4%
4.4%−0.0 pp
—
Returns & ratios
ROIC (all capital)
10.0%
9.9%−0.1 pp
—
ROIC (operating)
38.6%
39.5%+0.9 pp
—
Net debt / EBITDA
2.48x
2.69x+0.21x
—
Debt / equity
1.33x
1.54x+0.21x
—
ROE
18.4%
18.6%+0.2 pp
—
ROA
5.5%
5.0%−0.4 pp
—
ROCE
9.6%
9.4%−0.2 pp
—
NOPAT
13,881
14,069+1.4%
—
Invested capital (operating)
35,953
35,332−1.7%
—
Invested capital (all)
138,361
144,644+4.5%
—
Reinvestment rate
—
−4.4%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
21,957
24,334
23,107
22,791
vs year-ago quarter
Operating income
4,530
3,736
4,497
5,490
Net income
2,714
2,103
2,504
3,239
vs year-ago quarter
Net margin
12.4%
8.6%
10.8%
14.2%
EPS (diluted, $)
2.41
1.90
2.27
2.99
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
217,180
219,237
214,667
213,553
Cash & equivalents
3,665
5,976
3,909
3,175
Total debt
7,519
91,417
3,262
7,238
Shareholders’ equity
60,477
59,203
55,879
56,265
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
7,457
6,654
7,222
7,500
Capex
2,639
2,469
2,623
2,703
Free cash flow
4,818
4,185
4,599
4,797
vs year-ago quarter