T-Mobile US (TMUS) Financials

$194.30 -0.13 (-0.06%)

Closing price 05/5/2026 03:59 PM Eastern

Extended Trading

$192.85 -1.44 (-0.74%)

As of 07:23 AM Eastern

Annual Income Statements for T-Mobile US

This table shows T-Mobile US's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	678	1,405	4,481	2,888	2,932	3,064	3,024	2,590	8,317	11,339	10,992
Consolidated Net Income / (Loss)	733	1,460	4,536	2,888	3,468	3,064	3,024	2,590	8,317	11,339	10,992
Net Income / (Loss) Continuing Operations	733	1,460	4,536	2,888	3,468	2,744	3,024	2,590	8,317	11,339	10,992
Total Pre-Tax Income	978	2,327	3,161	3,917	4,603	3,530	3,351	3,146	10,999	14,712	14,281
Total Operating Income	2,479	4,050	4,888	5,309	5,722	6,636	6,892	6,543	14,266	18,010	18,279
Total Gross Profit	17,569	20,940	22,896	24,956	26,477	40,131	43,513	43,365	48,370	51,747	55,535
Total Revenue	32,467	37,490	40,604	43,310	44,998	68,397	80,118	79,571	78,558	81,400	88,309
Operating Revenue	31,539	37,490	40,604	43,310	44,998	68,397	80,118	79,571	78,558	81,400	88,309
Total Cost of Revenue	14,898	16,550	17,708	18,354	18,521	28,266	36,605	36,206	30,188	29,653	32,774
Operating Cost of Revenue	14,898	16,550	17,708	18,354	18,521	28,266	36,605	36,206	30,188	29,653	32,774
Total Operating Expenses	15,090	16,890	18,008	19,647	20,755	33,495	36,621	36,822	34,104	33,737	37,256
Selling, General & Admin Expense	10,189	11,378	12,259	13,161	14,139	18,926	20,238	21,607	21,311	20,818	23,470
Depreciation Expense	4,688	6,243	5,984	6,486	6,616	14,151	16,383	13,651	12,818	12,919	13,508
Other Operating Expenses / (Income)	-	-	-	-	-	0.00	0.00	1,087	-25	0.00	0.00
Impairment Charge	-	-	-	0.00	0.00	418	0.00	477	0.00	0.00	278
Total Other Income / (Expense), net	-1,501	-1,723	-1,727	-1,392	-1,119	-3,106	-3,541	-3,397	-3,267	-3,298	-3,998
Interest & Investment Income	6.00	13	17	19	24	-2,701	-3,342	-3,364	-3,335	-3,411	-3,774
Other Income / (Expense), net	-11	-6.00	-73	-54	-8.00	-405	-199	-33	68	113	-224
Income Tax Expense	245	867	-1,375	1,029	1,135	786	327	556	2,682	3,373	3,289
Basic Earnings per Share	$0.83	$1.71	$5.39	$3.40	$4.06	$2.68	$2.42	$2.07	$7.02	$9.70	$9.75
Weighted Average Basic Shares Outstanding	812.99M	822.47M	831.85M	849.74M	854.14M	1.14B	1.25B	1.25B	1.19B	1.17B	1.13B
Diluted Earnings per Share	$0.82	$1.69	$5.20	$3.36	$4.02	$2.65	$2.41	$2.06	$6.93	$9.66	$9.72
Weighted Average Diluted Shares Outstanding	822.62M	833.05M	871.79M	858.29M	863.43M	1.15B	1.25B	1.26B	1.20B	1.17B	1.13B
Weighted Average Basic & Diluted Shares Outstanding	816.90M	821.60M	831.40M	946.90M	856.93M	1.24B	1.25B	1.22B	1.19B	1.14B	1.10B
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.65	$3.71	$3.80

This table shows T-Mobile US's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2,142	2,014	2,374	2,925	3,059	2,981	2,953	3,222	2,714	2,103	2,504
Consolidated Net Income / (Loss)	2,142	2,014	2,374	2,925	3,059	2,981	2,953	3,222	2,714	2,103	2,504
Net Income / (Loss) Continuing Operations	2,142	2,014	2,374	2,925	3,059	2,981	2,953	3,222	2,714	2,103	2,504
Total Pre-Tax Income	2,847	2,643	3,138	3,768	3,967	3,839	3,838	4,280	3,528	2,635	3,334
Total Operating Income	3,596	3,480	3,998	4,630	4,796	4,586	4,800	5,213	4,530	3,736	4,497
Total Gross Profit	12,117	12,078	12,507	13,020	13,133	13,087	13,486	13,756	14,231	14,062	14,280
Total Revenue	19,252	20,478	19,594	19,772	20,162	21,872	20,886	21,132	21,957	24,334	23,107
Operating Revenue	19,252	20,478	19,594	19,772	20,162	21,872	20,886	21,132	21,957	24,334	23,107
Total Cost of Revenue	7,135	8,400	7,087	6,752	7,029	8,785	7,400	7,376	7,726	10,272	8,827
Operating Cost of Revenue	7,135	8,400	7,087	6,752	7,029	8,785	7,400	7,376	7,726	10,272	8,827
Total Operating Expenses	8,521	8,598	8,509	8,390	8,337	8,501	8,686	8,543	9,701	10,326	9,783
Selling, General & Admin Expense	5,334	5,280	5,138	5,142	5,186	5,352	5,488	5,397	6,015	6,570	5,966
Depreciation Expense	3,187	3,318	3,371	3,248	3,151	3,149	3,198	3,146	3,408	3,756	3,817
Total Other Income / (Expense), net	-749	-837	-860	-862	-829	-747	-962	-933	-1,002	-1,101	-1,163
Interest & Investment Income	-790	-849	-880	-854	-836	-841	-916	-922	-924	-1,012	-1,031
Other Income / (Expense), net	41	12	20	-8.00	7.00	94	-46	-11	-78	-89	-132
Income Tax Expense	705	629	764	843	908	858	885	1,058	814	532	830
Basic Earnings per Share	$1.83	$1.74	$2.00	$2.50	$2.62	$2.58	$2.59	$2.84	$2.42	$1.90	$2.28
Weighted Average Basic Shares Outstanding	1.17B	1.19B	1.19B	1.17B	1.17B	1.17B	1.14B	1.13B	1.12B	1.13B	1.10B
Diluted Earnings per Share	$1.82	$1.67	$2.00	$2.49	$2.61	$2.56	$2.58	$2.84	$2.41	$1.89	$2.27
Weighted Average Diluted Shares Outstanding	1.17B	1.20B	1.19B	1.17B	1.17B	1.17B	1.14B	1.13B	1.13B	1.13B	1.10B
Weighted Average Basic & Diluted Shares Outstanding	1.16B	1.19B	1.17B	1.17B	1.16B	1.14B	1.14B	1.13B	1.12B	1.10B	1.08B
Cash Dividends to Common per Share	$0.65	-	$1.30	$0.65	-	$0.88	$0.88	$0.88	-	-	$1.02

This table details how cash moves in and out of T-Mobile US's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-733	918	-4,281	-16	325	8,935	-3,760	-2,029	633	406	263
Net Cash From Operating Activities	5,414	2,779	3,831	3,899	6,824	8,640	13,917	16,781	18,559	22,293	27,950
Net Cash From Continuing Operating Activities	5,414	2,779	3,831	3,899	6,824	8,640	13,917	16,781	18,559	22,293	27,950
Net Income / (Loss) Continuing Operations	733	1,460	4,536	2,888	3,468	3,064	3,024	2,590	8,317	11,339	10,992
Consolidated Net Income / (Loss)	733	1,460	4,536	2,888	3,468	3,064	3,024	2,590	8,317	11,339	10,992
Depreciation Expense	4,688	6,243	5,984	6,486	6,616	14,151	16,383	13,651	12,818	12,919	13,508
Non-Cash Adjustments To Reconcile Net Income	937	105	844	1,000	2,847	5,586	6,155	7,916	5,460	5,383	6,170
Changes in Operating Assets and Liabilities, net	-944	-5,029	-7,533	-6,475	-6,107	-14,161	-11,645	-7,376	-8,036	-7,348	-2,720
Net Cash From Investing Activities	-9,560	-2,324	-6,745	-579	-4,125	-12,715	-19,386	-12,359	-5,829	-9,072	-17,607
Net Cash From Continuing Investing Activities	-9,560	-2,324	-6,745	-579	-4,125	-12,715	-19,386	-12,359	-5,829	-9,072	-17,607
Purchase of Property, Plant & Equipment	-4,724	-4,702	-5,237	-5,541	-6,391	-11,034	-12,326	-13,970	-9,801	-8,840	-9,955
Acquisitions	-1,935	-3,968	-5,828	-465	-998	-6,333	-11,282	-3,383	-1,017	-3,862	-10,147
Sale of Property, Plant & Equipment	-	-	-	-	38	0.00	40	9.00	153	99	2,168
Other Investing Activities, net	96	3,348	4,320	5,427	3,858	2,796	4,182	4,985	4,836	3,531	327
Net Cash From Financing Activities	3,413	463	-1,367	-3,336	-2,374	13,010	1,709	-6,451	-12,097	-12,815	-10,081
Net Cash From Continuing Financing Activities	3,413	463	-1,367	-3,336	-2,374	13,010	1,709	-6,451	-12,097	-12,815	-10,081
Repayment of Debt	-542	-358	-14,114	-10,878	-4,558	-40,935	-12,702	-6,922	-6,425	-6,605	-7,562
Repurchase of Common Equity	0.00	0.00	-427	-1,071	0.00	-19,536	0.00	-3,000	-13,074	-11,228	-9,974
Payment of Dividends	-55	-55	-55	-	-	-	0.00	0.00	-747	-3,300	-4,121
Issuance of Debt	3,979	997	13,395	8,759	2,340	54,080	14,727	3,714	8,446	8,587	12,010
Other Financing Activities, net	31	-121	-166	-146	-156	-439	-316	-243	-297	-269	-434
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	0.00	0.00	1.00

This table details how cash moves in and out of T-Mobile US's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-1,609	108	1,631	-291	3,339	-4,273	6,631	-1,759	-6,920	2,311	-2,067
Net Cash From Operating Activities	5,294	4,859	5,084	5,521	6,139	5,549	6,847	6,992	7,457	6,654	7,222
Net Cash From Continuing Operating Activities	5,294	4,859	5,084	5,521	6,139	5,549	6,847	6,992	7,457	6,654	7,222
Net Income / (Loss) Continuing Operations	2,142	2,014	2,374	2,925	3,059	2,981	2,953	3,222	2,714	2,103	2,504
Consolidated Net Income / (Loss)	2,142	2,014	2,374	2,925	3,059	2,981	2,953	3,222	2,714	2,103	2,504
Depreciation Expense	3,187	3,318	3,371	3,248	3,151	3,149	3,198	3,146	3,408	3,756	3,817
Non-Cash Adjustments To Reconcile Net Income	1,316	1,330	1,299	1,316	1,369	1,399	1,386	1,367	1,788	1,629	1,851
Changes in Operating Assets and Liabilities, net	-1,351	-1,803	-1,960	-1,968	-1,440	-1,980	-690	-743	-453	-834	-950
Net Cash From Investing Activities	-1,393	-1,221	-1,787	-1,678	-3,307	-2,300	-3,409	-1,559	-10,139	-2,500	-2,849
Net Cash From Continuing Investing Activities	-1,393	-1,221	-1,787	-1,678	-3,307	-2,300	-3,409	-1,559	-10,139	-2,500	-2,849
Purchase of Property, Plant & Equipment	-2,424	-1,587	-2,627	-2,040	-1,961	-2,212	-2,451	-2,396	-2,639	-2,469	-2,623
Acquisitions	-119	-785	-61	-546	-2,419	-818	-875	-1,824	-7,459	-64	-27
Sale of Property, Plant & Equipment	2.00	2.00	-	-	-	-	7.00	-	18	77	95
Other Investing Activities, net	1,148	1,149	901	908	1,073	730	-90	588	-59	-44	-294
Net Cash From Financing Activities	-5,510	-3,530	-1,666	-4,134	507	-7,522	3,193	-7,205	-4,238	-1,831	-6,440
Net Cash From Continuing Financing Activities	-5,510	-3,530	-1,666	-4,134	507	-7,522	3,193	-7,205	-4,238	-1,831	-6,440
Repayment of Debt	-3,888	-1,484	-223	-3,108	-619	-2,294	-812	-3,618	-1,178	-1,954	-6,738
Repurchase of Common Equity	-2,681	-2,183	-3,594	-2,387	-560	-4,687	-2,494	-2,555	-2,479	-2,446	-4,826
Payment of Dividends	-	-747	-769	-759	-758	-1,014	-1,003	-996	-987	-1,135	-1,120
Issuance of Debt	1,983	-	3,439	2,136	2,480	498	7,774	-6.00	498	3,744	6,398
Other Financing Activities, net	-924	884	-519	-16	-36	-25	-272	-30	-92	-40	-154

This table presents T-Mobile US's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	62,413	65,891	70,563	72,468	86,921	200,162	206,563	211,338	207,682	208,035	219,237
Total Current Assets	14,890	14,217	8,915	8,281	9,305	23,885	20,891	19,067	19,015	18,404	24,461
Cash & Equivalents	4,582	5,500	1,219	1,203	1,528	10,385	6,631	4,507	5,135	5,409	5,598
Note & Lease Receivable	2,378	1,930	2,290	2,538	2,600	3,577	4,748	5,123	4,456	4,379	4,997
Accounts Receivable	1,824	1,936	1,937	1,780	1,908	4,276	4,194	4,445	4,692	4,276	4,874
Inventories, net	1,295	1,111	1,566	1,084	964	2,527	2,567	1,884	1,678	1,607	2,405
Prepaid Expenses	-	-	-	-	333	624	746	673	702	880	1,215
Other Current Assets	1,813	3,740	1,903	1,676	1,972	2,496	2,005	2,435	2,352	1,853	5,372
Plant, Property, & Equipment, net	20,000	20,943	22,196	23,359	21,984	41,175	39,803	42,086	40,432	38,533	38,333
Total Noncurrent Assets	27,523	30,731	39,452	40,828	55,632	135,102	145,869	150,185	148,235	151,098	156,443
Noncurrent Note & Lease Receivables	847	984	1,274	1,547	4,298	5,059	6,151	5,803	5,312	5,300	5,443
Goodwill	1,683	1,683	1,683	1,901	1,930	11,117	12,188	12,234	12,234	13,005	13,678
Intangible Assets	24,549	27,390	35,583	35,757	36,580	88,126	97,339	99,306	99,325	103,070	101,875
Other Noncurrent Operating Assets	444	674	912	1,623	12,824	30,800	30,191	32,842	31,364	29,723	35,447
Total Liabilities & Shareholders' Equity	62,413	65,891	70,563	72,468	86,921	200,162	206,563	211,338	207,682	208,035	219,237
Total Liabilities	45,856	47,655	48,004	47,750	58,132	134,818	137,461	141,682	142,967	146,294	160,034
Total Current Liabilities	9,528	9,022	11,515	10,267	12,506	21,703	23,499	24,742	20,928	20,174	24,500
Short-Term Debt	182	354	1,612	841	25	4,579	3,378	5,164	3,619	4,068	5,135
Accounts Payable	8,084	7,277	8,710	7,941	6,933	10,353	11,405	12,275	10,373	8,463	10,280
Current Deferred Revenue	717	986	779	698	631	1,030	856	780	825	1,222	1,533
Other Current Liabilities	545	405	414	787	4,917	5,741	7,860	6,523	6,111	6,421	7,552
Total Noncurrent Liabilities	36,328	38,633	36,489	37,483	45,626	113,115	113,962	116,940	122,039	126,120	135,534
Long-Term Debt	26,061	27,432	26,707	12,124	10,958	61,830	68,570	66,796	71,399	74,197	81,147
Noncurrent Deferred & Payable Income Tax Liabilities	4,061	4,938	3,537	4,472	5,607	9,966	10,216	10,884	13,458	16,700	19,583
Other Noncurrent Operating Liabilities	1,067	1,026	935	15,549	17,176	41,319	35,176	39,260	37,182	35,223	34,804
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	16,557	18,236	22,559	24,718	28,789	65,344	69,102	69,656	64,715	61,741	59,203
Total Preferred & Common Equity	16,557	18,236	22,559	24,718	28,789	65,344	69,102	69,656	64,715	61,741	59,203
Total Common Equity	16,557	18,236	22,559	24,718	28,789	65,344	69,115	69,656	64,715	61,741	59,203
Common Stock	38,666	38,846	38,629	38,010	38,498	72,772	73,292	73,941	67,705	68,798	69,460
Retained Earnings	-22,108	-20,610	-16,074	-12,954	-8,833	-5,836	-2,812	-223	7,347	14,384	21,136
Treasury Stock	0.00	-1.00	-4.00	-6.00	-8.00	11	-	-3,016	-9,373	-20,584	-30,545
Accumulated Other Comprehensive Income / (Loss)	-1.00	1.00	8.00	-332	-868	-1,581	-1,365	-1,046	-964	-857	-848

This table presents T-Mobile US's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	210,602	208,579	207,682	206,268	208,557	210,742	208,035	214,633	212,643	217,180	214,667
Total Current Assets	20,237	18,669	19,015	19,295	19,297	22,531	18,404	27,441	26,772	21,703	22,118
Cash & Equivalents	6,647	5,030	5,135	6,708	6,417	9,754	5,409	12,003	10,259	3,310	3,520
Note & Lease Receivable	4,779	4,470	4,456	4,059	3,776	3,595	4,379	4,294	4,226	4,599	4,935
Accounts Receivable	4,592	4,500	4,692	4,253	4,563	4,286	4,276	4,392	4,598	5,084	4,866
Inventories, net	1,373	1,685	1,678	1,521	1,319	1,789	1,607	1,937	1,690	2,370	2,327
Prepaid Expenses	814	712	702	715	1,059	953	880	980	1,125	1,128	1,067
Other Current Assets	2,032	2,272	2,352	2,039	2,163	2,154	1,853	3,835	4,874	5,212	5,403
Plant, Property, & Equipment, net	41,804	41,080	40,432	39,286	38,222	37,603	38,533	37,897	37,481	38,718	37,262
Total Noncurrent Assets	148,561	148,830	148,235	147,687	151,038	150,608	151,098	149,295	148,390	156,759	155,287
Noncurrent Note & Lease Receivables	5,331	5,269	5,312	5,088	5,051	5,104	5,300	5,088	5,080	5,271	5,319
Goodwill	12,234	12,234	12,234	12,234	13,015	13,015	13,005	13,467	13,460	13,690	13,664
Intangible Assets	98,921	99,513	99,325	99,599	101,639	101,498	103,070	101,351	98,366	101,866	101,137
Other Noncurrent Operating Assets	32,075	31,814	31,364	30,766	31,333	30,991	29,723	29,389	31,484	35,932	35,167
Total Liabilities & Shareholders' Equity	210,602	208,579	207,682	206,268	208,557	210,742	208,035	214,633	212,643	217,180	214,667
Total Liabilities	144,852	143,881	142,967	144,194	145,921	146,492	146,294	153,528	151,536	156,703	158,788
Total Current Liabilities	24,569	21,711	20,928	20,563	23,038	20,955	20,174	23,629	22,102	24,301	20,344
Short-Term Debt	7,731	3,437	3,619	5,356	5,867	5,851	4,068	8,214	6,408	6,333	2,238
Accounts Payable	9,872	9,665	10,373	7,720	7,591	7,496	8,463	7,900	7,802	9,193	9,522
Current Deferred Revenue	810	830	825	846	1,098	1,125	1,222	1,193	1,217	1,487	1,468
Other Current Liabilities	6,156	7,779	6,111	6,641	8,482	6,483	6,421	6,322	6,675	7,288	7,116
Total Noncurrent Liabilities	120,283	122,170	122,039	123,631	122,883	125,537	126,120	129,899	129,434	132,402	138,444
Long-Term Debt	70,141	71,861	71,399	72,857	71,699	74,019	74,197	77,530	76,515	77,863	83,809
Noncurrent Deferred & Payable Income Tax Liabilities	12,226	12,900	13,458	14,187	15,022	15,849	16,700	17,505	18,468	19,222	20,266
Other Noncurrent Operating Liabilities	37,916	37,409	37,182	36,587	36,162	35,669	35,223	34,864	34,451	35,317	34,369
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	65,750	64,698	64,715	62,074	62,636	64,250	61,741	61,105	61,107	60,477	55,879
Total Preferred & Common Equity	65,750	64,698	64,715	62,074	62,636	64,250	61,741	61,105	61,107	60,477	55,879
Total Common Equity	65,750	64,698	64,715	62,074	62,636	64,250	61,741	61,105	61,107	60,477	55,879
Common Stock	74,161	74,404	67,705	67,786	68,463	68,659	68,798	68,837	69,008	69,267	69,670
Retained Earnings	3,938	5,335	7,347	8,196	10,360	12,401	14,384	16,342	18,576	20,155	22,541
Treasury Stock	-11,392	-14,092	-9,373	-12,982	-15,270	-15,921	-20,584	-23,085	-25,569	-28,064	-35,497
Accumulated Other Comprehensive Income / (Loss)	-957	-949	-964	-926	-917	-889	-857	-989	-908	-881	-835

This table displays calculated financial ratios and metrics derived from T-Mobile US's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.82%	15.47%	8.31%	6.66%	3.90%	52.00%	17.14%	-0.68%	-1.27%	3.62%	8.49%
EBITDA Growth	23.02%	43.75%	4.98%	8.72%	5.02%	65.30%	13.22%	-12.63%	34.68%	14.33%	1.68%
EBIT Growth	75.66%	63.86%	19.07%	9.14%	8.73%	9.05%	7.41%	-2.73%	120.18%	26.43%	-0.38%
NOPAT Growth	119.40%	36.76%	176.04%	-44.19%	10.14%	19.65%	20.57%	-13.39%	100.26%	28.68%	1.36%
Net Income Growth	196.76%	99.18%	210.68%	-36.33%	20.08%	-11.65%	-1.31%	-14.35%	221.12%	36.34%	-3.06%
EPS Growth	173.33%	106.10%	207.69%	-35.38%	19.64%	-34.08%	-9.06%	-14.52%	236.41%	39.39%	0.62%
Operating Cash Flow Growth	30.58%	-48.67%	37.86%	1.78%	75.02%	26.61%	61.08%	20.58%	10.60%	20.12%	25.38%
Free Cash Flow Firm Growth	59.53%	-128.71%	23.21%	918.75%	-139.59%	-874.51%	89.66%	139.47%	393.15%	4.39%	-36.76%
Invested Capital Growth	8.75%	13.90%	21.11%	-25.29%	28.41%	142.11%	10.75%	2.00%	-1.83%	0.00%	3.93%
Revenue Q/Q Growth	1.59%	4.38%	1.31%	1.61%	0.97%	14.12%	0.56%	-0.64%	0.26%	1.74%	2.87%
EBITDA Q/Q Growth	17.66%	-0.67%	0.60%	1.39%	1.99%	16.03%	-3.79%	5.71%	3.03%	3.39%	-1.33%
EBIT Q/Q Growth	47.52%	-5.78%	2.71%	0.11%	1.85%	6.37%	-7.73%	35.31%	5.47%	7.02%	-5.41%
NOPAT Q/Q Growth	45.28%	-4.83%	102.02%	-43.29%	2.19%	12.12%	-2.98%	4.58%	5.36%	7.01%	-4.05%
Net Income Q/Q Growth	36.50%	6.80%	104.42%	-41.72%	3.31%	-0.03%	-9.79%	68.73%	6.90%	9.32%	-7.40%
EPS Q/Q Growth	34.43%	7.64%	103.13%	-41.36%	3.34%	-13.11%	-4.74%	68.85%	7.61%	10.15%	-6.45%
Operating Cash Flow Q/Q Growth	19.36%	-58.93%	216.09%	2.34%	9.34%	28.90%	-3.29%	8.65%	2.90%	3.19%	4.12%
Free Cash Flow Firm Q/Q Growth	56.28%	-42.84%	48.88%	403.90%	-136.90%	12.57%	-1.53%	111.51%	8.45%	2.28%	14.52%
Invested Capital Q/Q Growth	-1.11%	0.61%	3.58%	-27.64%	25.98%	1.16%	0.98%	0.09%	-0.27%	0.17%	-1.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.11%	55.85%	56.39%	57.62%	58.84%	58.67%	54.31%	54.50%	61.57%	63.57%	62.89%
EBITDA Margin	22.04%	27.44%	26.60%	27.11%	27.40%	29.80%	28.80%	25.34%	34.56%	38.14%	35.74%
Operating Margin	7.64%	10.80%	12.04%	12.26%	12.72%	9.70%	8.60%	8.22%	18.16%	22.13%	20.70%
EBIT Margin	7.60%	10.79%	11.86%	12.13%	12.70%	9.11%	8.35%	8.18%	18.25%	22.26%	20.45%
Profit (Net Income) Margin	2.26%	3.89%	11.17%	6.67%	7.71%	4.48%	3.77%	3.26%	10.59%	13.93%	12.45%
Tax Burden Percent	74.95%	62.74%	143.50%	73.73%	75.34%	86.80%	90.24%	82.33%	75.62%	77.07%	76.97%
Interest Burden Percent	39.63%	57.54%	65.65%	74.54%	80.56%	56.65%	50.07%	48.33%	76.73%	81.18%	79.10%
Effective Tax Rate	25.05%	37.26%	-43.50%	26.27%	24.66%	22.27%	9.76%	17.67%	24.38%	22.93%	23.03%
Return on Invested Capital (ROIC)	5.11%	6.27%	14.71%	8.58%	9.67%	6.02%	4.86%	3.97%	7.94%	10.31%	10.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.45%	1.60%	5.63%	3.91%	4.94%	0.60%	-0.40%	-0.25%	4.34%	6.75%	6.24%
Return on Net Nonoperating Assets (RNNOA)	-0.56%	2.12%	7.53%	3.64%	3.29%	0.49%	-0.36%	-0.23%	4.44%	7.62%	7.93%
Return on Equity (ROE)	4.55%	8.39%	22.24%	12.22%	12.96%	6.51%	4.50%	3.73%	12.38%	17.93%	18.18%
Cash Return on Invested Capital (CROIC)	-3.28%	-6.72%	-4.39%	37.52%	-15.21%	-77.06%	-5.34%	1.99%	9.79%	10.31%	6.40%
Operating Return on Assets (OROA)	4.15%	6.30%	7.06%	7.35%	7.17%	4.34%	3.29%	3.12%	6.84%	8.72%	8.45%
Return on Assets (ROA)	1.23%	2.28%	6.65%	4.04%	4.35%	2.13%	1.49%	1.24%	3.97%	5.46%	5.15%
Return on Common Equity (ROCE)	4.55%	8.39%	22.24%	12.22%	12.96%	6.51%	4.50%	3.73%	12.38%	17.93%	18.18%
Return on Equity Simple (ROE_SIMPLE)	4.43%	8.01%	20.11%	11.68%	12.05%	4.69%	4.38%	3.72%	12.85%	18.37%	0.00%
Net Operating Profit after Tax (NOPAT)	1,858	2,541	7,014	3,914	4,311	5,158	6,219	5,387	10,787	13,881	14,069
NOPAT Margin	5.72%	6.78%	17.27%	9.04%	9.58%	7.54%	7.76%	6.77%	13.73%	17.05%	15.93%
Net Nonoperating Expense Percent (NNEP)	5.56%	4.68%	9.08%	4.66%	4.73%	5.41%	5.27%	4.21%	3.60%	3.56%	4.01%
Return On Investment Capital (ROIC_SIMPLE)	4.09%	5.22%	13.12%	9.73%	8.35%	3.92%	4.41%	3.80%	7.72%	9.91%	9.67%
Cost of Revenue to Revenue	45.89%	44.15%	43.61%	42.38%	41.16%	41.33%	45.69%	45.50%	38.43%	36.43%	37.11%
SG&A Expenses to Revenue	31.38%	30.35%	30.19%	30.39%	31.42%	27.67%	25.26%	27.15%	27.13%	25.57%	26.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.48%	45.05%	44.35%	45.36%	46.12%	48.97%	45.71%	46.28%	43.41%	41.45%	42.19%
Earnings before Interest and Taxes (EBIT)	2,468	4,044	4,815	5,255	5,714	6,231	6,693	6,510	14,334	18,123	18,055
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,156	10,287	10,799	11,741	12,330	20,382	23,076	20,161	27,152	31,042	31,563
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.86	2.51	2.26	2.11	2.25	2.50	2.05	2.45	2.81	4.14	3.84
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.95	1.22	1.26	1.20	1.44	2.39	1.77	2.14	2.32	3.14	2.57
Price to Earnings (P/E)	45.45	32.56	11.38	18.04	22.09	53.42	46.85	65.77	21.90	22.52	20.66
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%	1.29%	1.80%
Earnings Yield	2.20%	3.07%	8.79%	5.54%	4.53%	1.87%	2.13%	1.52%	4.57%	4.44%	4.84%
Enterprise Value to Invested Capital (EV/IC)	1.38	1.64	1.54	1.70	1.72	1.81	1.54	1.73	1.87	2.44	2.20
Enterprise Value to Revenue (EV/Rev)	1.61	1.88	1.99	1.53	1.91	3.21	2.58	2.99	3.21	4.03	3.49
Enterprise Value to EBITDA (EV/EBITDA)	7.29	6.87	7.47	5.66	6.98	10.78	8.97	11.79	9.28	10.57	9.75
Enterprise Value to EBIT (EV/EBIT)	21.12	17.47	16.76	12.64	15.07	35.26	30.93	36.53	17.58	18.11	17.05
Enterprise Value to NOPAT (EV/NOPAT)	28.06	27.80	11.50	16.97	19.97	42.59	33.28	44.14	23.36	23.64	21.88
Enterprise Value to Operating Cash Flow (EV/OCF)	9.63	25.42	21.06	17.03	12.62	25.43	14.87	14.17	13.58	14.72	11.01
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	3.88	0.00	0.00	0.00	88.18	18.95	23.64	35.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.75	1.67	1.37	0.63	0.79	1.02	1.04	1.03	1.16	1.27	1.46
Long-Term Debt to Equity	1.73	1.65	1.30	0.59	0.79	0.95	0.99	0.96	1.10	1.20	1.37
Financial Leverage	1.26	1.33	1.34	0.93	0.67	0.82	0.90	0.96	1.02	1.13	1.27
Leverage Ratio	3.70	3.69	3.34	3.03	2.98	3.05	3.03	3.01	3.12	3.29	3.53
Compound Leverage Factor	1.46	2.12	2.20	2.26	2.40	1.73	1.51	1.46	2.39	2.67	2.79
Debt to Total Capital	63.58%	62.51%	57.81%	38.57%	44.27%	50.40%	51.01%	50.81%	53.69%	55.90%	59.31%
Short-Term Debt to Total Capital	0.40%	0.73%	3.01%	2.09%	0.05%	3.48%	2.39%	3.65%	2.59%	2.91%	3.53%
Long-Term Debt to Total Capital	63.18%	61.78%	54.79%	36.48%	44.22%	46.93%	48.61%	47.17%	51.10%	53.00%	55.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.42%	37.49%	42.19%	61.43%	55.73%	49.60%	49.00%	49.19%	46.31%	44.10%	40.69%
Debt to EBITDA	4.04	2.96	2.86	1.32	1.85	3.26	3.12	3.57	2.76	2.52	2.73
Net Debt to EBITDA	2.98	2.42	2.75	1.22	1.73	2.75	2.83	3.35	2.57	2.35	2.56
Long-Term Debt to EBITDA	4.01	2.92	2.71	1.25	1.85	3.03	2.97	3.31	2.63	2.39	2.57
Debt to NOPAT	15.56	11.97	4.41	3.97	5.30	12.87	11.57	13.36	6.95	5.64	6.13
Net Debt to NOPAT	11.48	9.80	4.23	3.66	4.95	10.86	10.50	12.52	6.48	5.25	5.73
Long-Term Debt to NOPAT	15.46	11.83	4.18	3.75	5.30	11.99	11.03	12.40	6.62	5.35	5.77
Altman Z-Score	0.66	1.00	1.08	1.21	1.22	1.15	1.08	1.17	1.41	1.81	1.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	-0.01%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	1.58	0.77	0.81	0.74	1.10	0.89	0.77	0.91	0.91	1.00
Quick Ratio	1.24	1.04	0.47	0.54	0.48	0.84	0.66	0.57	0.68	0.70	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,191	-2,724	-2,092	17,126	-6,781	-66,081	-6,832	2,697	13,298	13,882	8,779
Operating Cash Flow to CapEx	114.61%	59.10%	73.15%	70.37%	107.41%	78.30%	113.28%	120.20%	189.59%	252.18%	358.93%
Free Cash Flow to Firm to Interest Expense	-0.80	-1.57	-1.25	12.62	-5.97	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	3.62	1.61	2.29	2.87	6.01	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.46	-1.11	-0.84	-1.21	0.42	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.58	0.60	0.61	0.56	0.48	0.39	0.38	0.38	0.39	0.41
Accounts Receivable Turnover	17.25	19.94	20.97	23.30	24.40	22.12	18.92	18.42	17.20	18.15	19.30
Inventory Turnover	12.52	13.76	13.23	13.85	18.09	16.19	14.37	16.27	16.95	18.05	16.34
Fixed Asset Turnover	1.79	1.83	1.88	1.90	1.98	2.17	1.98	1.94	1.90	2.06	2.30
Accounts Payable Turnover	1.93	2.15	2.22	2.20	2.49	3.27	3.36	3.06	2.67	3.15	3.50
Days Sales Outstanding (DSO)	21.16	18.30	17.41	15.66	14.96	16.50	19.29	19.81	21.23	20.11	18.91
Days Inventory Outstanding (DIO)	29.15	26.53	27.59	26.35	20.18	22.54	25.40	22.44	21.53	20.22	22.34
Days Payable Outstanding (DPO)	189.24	169.39	164.76	165.57	146.56	111.61	108.48	119.36	136.92	115.93	104.37
Cash Conversion Cycle (CCC)	-138.92	-124.55	-119.77	-123.55	-111.43	-72.57	-63.79	-77.11	-94.16	-75.60	-63.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	37,878	43,143	52,249	39,037	50,129	121,368	134,419	137,109	134,598	134,597	139,887
Invested Capital Turnover	0.89	0.93	0.85	0.95	1.01	0.80	0.63	0.59	0.58	0.60	0.64
Increase / (Decrease) in Invested Capital	3,049	5,265	9,106	-13,212	11,092	71,239	13,051	2,690	-2,511	-1.00	5,290
Enterprise Value (EV)	52,135	70,650	80,692	66,410	86,103	219,701	206,982	237,787	251,996	328,157	307,786
Market Capitalization	30,814	45,743	51,002	52,091	64,763	163,677	141,665	170,334	182,113	255,301	227,102
Book Value per Share	$20.29	$22.13	$27.12	$29.14	$33.65	$52.65	$55.33	$55.99	$55.96	$53.20	$52.93
Tangible Book Value per Share	($11.86)	($13.15)	($17.68)	($15.25)	($11.36)	($27.31)	($32.35)	($33.66)	($40.51)	($46.82)	($50.38)
Total Capital	45,458	48,643	53,468	40,240	51,657	131,753	141,050	141,616	139,733	140,006	145,485
Total Debt	28,901	30,407	30,909	15,522	22,868	66,409	71,948	71,960	75,018	78,265	86,282
Total Long-Term Debt	28,719	30,053	29,297	14,681	22,843	61,830	68,570	66,796	71,399	74,197	81,147
Net Debt	21,321	24,907	29,690	14,319	21,340	56,024	65,317	67,453	69,883	72,856	80,684
Capital Expenditures (CapEx)	4,724	4,702	5,237	5,541	6,353	11,034	12,286	13,961	9,789	8,840	7,787
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,036	49	-2,207	-2,348	-4,704	-3,624	-5,861	-5,018	-3,429	-3,111	-502
Debt-free Net Working Capital (DFNWC)	5,544	5,549	-988	-1,145	-3,176	6,761	770	-511	1,706	2,298	5,096
Net Working Capital (NWC)	5,362	5,195	-2,600	-1,986	-3,201	2,182	-2,608	-5,675	-1,913	-1,770	-39
Net Nonoperating Expense (NNE)	1,125	1,081	2,478	1,026	843	2,094	3,195	2,797	2,470	2,542	3,077
Net Nonoperating Obligations (NNO)	21,321	24,907	29,690	14,319	21,340	56,024	65,317	67,453	69,883	72,856	80,684
Total Depreciation and Amortization (D&A)	4,688	6,243	5,984	6,486	6,616	14,151	16,383	13,651	12,818	12,919	13,508
Debt-free, Cash-free Net Working Capital to Revenue	-6.27%	0.13%	-5.44%	-5.42%	-10.45%	-5.30%	-7.32%	-6.31%	-4.36%	-3.82%	-0.57%
Debt-free Net Working Capital to Revenue	17.08%	14.80%	-2.43%	-2.64%	-7.06%	9.88%	0.96%	-0.64%	2.17%	2.82%	5.77%
Net Working Capital to Revenue	16.52%	13.86%	-6.40%	-4.59%	-7.11%	3.19%	-3.26%	-7.13%	-2.44%	-2.17%	-0.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.83	$1.71	$5.39	$3.40	$4.06	$2.68	$2.42	$2.07	$7.02	$9.70	$9.75
Adjusted Weighted Average Basic Shares Outstanding	812.99M	822.47M	831.85M	849.74M	854.14M	1.14B	1.25B	1.25B	1.19B	1.17B	1.13B
Adjusted Diluted Earnings per Share	$0.82	$1.69	$5.20	$3.36	$4.02	$2.65	$2.41	$2.06	$6.93	$9.66	$9.72
Adjusted Weighted Average Diluted Shares Outstanding	822.62M	833.05M	871.79M	858.29M	863.43M	1.15B	1.25B	1.26B	1.20B	1.17B	1.13B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	818.42M	826.53M	854.43M	850.22M	856.93M	1.24B	1.25B	1.22B	1.19B	1.14B	1.10B
Normalized Net Operating Profit after Tax (NOPAT)	2,018	2,082	3,257	3,914	4,311	5,483	6,219	5,779	10,787	13,881	14,283
Normalized NOPAT Margin	6.21%	5.55%	8.02%	9.04%	9.58%	8.02%	7.76%	7.26%	13.73%	17.05%	16.17%
Pre Tax Income Margin	3.01%	6.21%	7.78%	9.04%	10.23%	5.16%	4.18%	3.95%	14.00%	18.07%	16.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.65	2.34	2.88	3.87	5.03	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	1.24	1.47	4.20	2.88	3.80	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-1.51	-0.38	-0.25	-0.21	-0.56	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-1.92	-1.25	1.06	-1.20	-1.80	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.50%	3.77%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	8.98%	29.10%	37.49%
Augmented Payout Ratio	7.50%	3.77%	10.63%	37.08%	0.00%	637.60%	0.00%	115.83%	166.18%	128.12%	128.23%

This table displays calculated financial ratios and metrics derived from T-Mobile US's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,101,862,739.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,101,862,739.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.27
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.16%	1.01%	-0.19%	3.00%	4.73%	6.81%	6.59%	6.88%	8.90%	11.26%	10.63%
EBITDA Growth	48.64%	13.29%	11.80%	13.91%	16.56%	14.96%	7.62%	6.07%	-1.18%	-5.44%	2.89%
EBIT Growth	184.59%	27.03%	17.97%	21.66%	32.06%	34.02%	18.32%	12.55%	-7.31%	-22.07%	-8.18%
NOPAT Growth	87.51%	25.95%	18.00%	25.35%	36.69%	34.29%	22.10%	9.19%	-5.77%	-16.27%	-8.55%
Net Income Growth	321.65%	36.36%	22.37%	31.70%	42.81%	48.01%	24.39%	10.15%	-11.28%	-29.45%	-15.20%
EPS Growth	355.00%	41.53%	26.58%	33.87%	43.41%	53.29%	29.00%	14.06%	-7.66%	-26.17%	-12.02%
Operating Cash Flow Growth	20.56%	12.06%	25.50%	26.77%	15.96%	14.20%	34.68%	26.64%	21.47%	19.91%	5.48%
Free Cash Flow Firm Growth	294.34%	983.30%	247.87%	198.95%	-9.10%	-31.01%	-63.10%	-41.95%	-181.71%	-164.80%	-107.52%
Invested Capital Growth	-1.48%	-1.83%	-2.59%	-2.33%	-0.44%	0.00%	0.95%	-0.01%	5.21%	3.93%	2.64%
Revenue Q/Q Growth	0.29%	6.37%	-4.32%	0.91%	1.97%	8.48%	-4.51%	1.18%	3.90%	10.83%	-5.04%
EBITDA Q/Q Growth	-1.23%	-0.21%	8.50%	6.51%	1.07%	-1.57%	1.57%	4.98%	-5.85%	-5.81%	10.52%
EBIT Q/Q Growth	-4.26%	-3.99%	15.06%	15.03%	3.92%	-2.56%	1.58%	9.42%	-14.42%	-18.08%	19.69%
NOPAT Q/Q Growth	-5.64%	-1.99%	14.06%	18.83%	2.90%	-3.71%	3.71%	6.26%	-11.20%	-14.44%	13.27%
Net Income Q/Q Growth	-3.56%	-5.98%	17.87%	23.21%	4.58%	-2.55%	-0.94%	9.11%	-15.77%	-22.51%	19.07%
EPS Q/Q Growth	-2.15%	-8.24%	19.76%	24.50%	4.82%	-1.92%	0.78%	10.08%	-15.14%	-21.58%	20.11%
Operating Cash Flow Q/Q Growth	21.56%	-8.22%	4.63%	8.60%	11.19%	-9.61%	23.39%	2.12%	6.65%	-10.77%	8.54%
Free Cash Flow Firm Q/Q Growth	108.37%	9.18%	27.37%	3.17%	-36.64%	-17.13%	-31.89%	62.33%	-189.18%	34.28%	92.09%
Invested Capital Q/Q Growth	-1.47%	-0.27%	-0.76%	0.15%	0.43%	0.17%	0.19%	-0.80%	5.68%	-1.04%	-1.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.94%	58.98%	63.83%	65.85%	65.14%	59.83%	64.57%	65.10%	64.81%	57.79%	61.80%
EBITDA Margin	35.45%	33.26%	37.71%	39.80%	39.45%	35.79%	38.07%	39.50%	35.80%	30.42%	35.41%
Operating Margin	18.68%	16.99%	20.40%	23.42%	23.79%	20.97%	22.98%	24.67%	20.63%	15.35%	19.46%
EBIT Margin	18.89%	17.05%	20.51%	23.38%	23.82%	21.40%	22.76%	24.62%	20.28%	14.99%	18.89%
Profit (Net Income) Margin	11.13%	9.83%	12.12%	14.79%	15.17%	13.63%	14.14%	15.25%	12.36%	8.64%	10.84%
Tax Burden Percent	75.24%	76.20%	75.65%	77.63%	77.11%	77.65%	76.94%	75.28%	76.93%	79.81%	75.11%
Interest Burden Percent	78.28%	75.69%	78.10%	81.52%	82.59%	82.03%	80.73%	82.28%	79.25%	72.25%	76.38%
Effective Tax Rate	24.76%	23.80%	24.35%	22.37%	22.89%	22.35%	23.06%	24.72%	23.07%	20.19%	24.90%
Return on Invested Capital (ROIC)	8.10%	7.49%	8.95%	10.62%	10.90%	9.85%	10.89%	11.67%	9.88%	7.88%	9.69%
ROIC Less NNEP Spread (ROIC-NNEP)	7.28%	6.56%	8.04%	9.68%	9.99%	9.03%	9.88%	10.69%	8.86%	6.74%	8.57%
Return on Net Nonoperating Assets (RNNOA)	7.40%	6.70%	8.83%	10.74%	10.87%	10.20%	11.64%	12.43%	10.73%	8.56%	11.44%
Return on Equity (ROE)	15.50%	14.19%	17.78%	21.36%	21.77%	20.04%	22.54%	24.09%	20.61%	16.44%	21.13%
Cash Return on Invested Capital (CROIC)	9.02%	9.79%	10.93%	11.20%	10.08%	10.31%	9.89%	11.13%	5.56%	6.40%	7.46%
Operating Return on Assets (OROA)	7.01%	6.39%	7.73%	8.82%	9.09%	8.38%	8.94%	9.82%	8.14%	6.20%	7.97%
Return on Assets (ROA)	4.13%	3.69%	4.57%	5.58%	5.79%	5.34%	5.56%	6.09%	4.96%	3.57%	4.57%
Return on Common Equity (ROCE)	15.50%	14.19%	17.78%	21.36%	21.77%	20.04%	22.54%	24.09%	20.61%	16.44%	21.13%
Return on Equity Simple (ROE_SIMPLE)	12.03%	0.00%	14.10%	15.10%	16.14%	0.00%	19.50%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2,706	2,652	3,025	3,594	3,698	3,561	3,693	3,924	3,485	2,982	3,377
NOPAT Margin	14.05%	12.95%	15.44%	18.18%	18.34%	16.28%	17.68%	18.57%	15.87%	12.25%	14.62%
Net Nonoperating Expense Percent (NNEP)	0.82%	0.93%	0.92%	0.94%	0.91%	0.81%	1.02%	0.98%	1.02%	1.14%	1.12%
Return On Investment Capital (ROIC_SIMPLE)	1.93%	1.90%	2.16%	2.56%	2.57%	2.54%	2.51%	2.72%	2.41%	2.05%	2.38%
Cost of Revenue to Revenue	37.06%	41.02%	36.17%	34.15%	34.86%	40.17%	35.43%	34.90%	35.19%	42.21%	38.20%
SG&A Expenses to Revenue	27.71%	25.78%	26.22%	26.01%	25.72%	24.47%	26.28%	25.54%	27.39%	27.00%	25.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	44.26%	41.99%	43.43%	42.43%	41.35%	38.87%	41.59%	40.43%	44.18%	42.43%	42.34%
Earnings before Interest and Taxes (EBIT)	3,637	3,492	4,018	4,622	4,803	4,680	4,754	5,202	4,452	3,647	4,365
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,824	6,810	7,389	7,870	7,954	7,829	7,952	8,348	7,860	7,403	8,182
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.49	2.81	3.00	3.26	3.72	4.14	4.98	4.43	4.45	3.84	4.14
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.06	2.32	2.37	2.58	2.99	3.14	3.68	3.22	3.14	2.57	2.56
Price to Earnings (P/E)	20.71	21.90	21.27	21.61	23.05	22.52	25.55	22.15	22.70	20.66	21.95
Dividend Yield	0.00%	0.41%	0.81%	1.12%	1.27%	1.29%	1.15%	1.38%	1.47%	1.80%	1.81%
Earnings Yield	4.83%	4.57%	4.70%	4.63%	4.34%	4.44%	3.91%	4.52%	4.41%	4.84%	4.56%
Enterprise Value to Invested Capital (EV/IC)	1.71	1.87	1.93	2.06	2.30	2.44	2.81	2.57	2.48	2.20	2.27
Enterprise Value to Revenue (EV/Rev)	2.95	3.21	3.28	3.48	3.87	4.03	4.57	4.08	4.08	3.49	3.47
Enterprise Value to EBITDA (EV/EBITDA)	8.78	9.28	9.22	9.54	10.30	10.57	11.97	10.70	10.95	9.75	9.87
Enterprise Value to EBIT (EV/EBIT)	17.03	17.58	17.24	17.47	18.26	18.11	20.06	17.66	18.35	17.05	17.77
Enterprise Value to NOPAT (EV/NOPAT)	22.60	23.36	22.90	23.00	23.84	23.64	26.00	23.07	23.89	21.88	22.82
Enterprise Value to Operating Cash Flow (EV/OCF)	12.83	13.58	13.15	13.27	14.31	14.72	15.72	13.44	13.05	11.01	11.08
Enterprise Value to Free Cash Flow (EV/FCFF)	18.87	18.95	17.41	18.16	22.78	23.64	28.48	23.05	45.69	35.06	30.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.16	1.16	1.26	1.24	1.24	1.27	1.40	1.36	1.39	1.46	1.54
Long-Term Debt to Equity	1.11	1.10	1.17	1.14	1.15	1.20	1.27	1.25	1.29	1.37	1.50
Financial Leverage	1.02	1.02	1.10	1.11	1.09	1.13	1.18	1.16	1.21	1.27	1.34
Leverage Ratio	3.13	3.12	3.23	3.26	3.25	3.29	3.42	3.40	3.43	3.53	3.67
Compound Leverage Factor	2.45	2.36	2.52	2.66	2.69	2.70	2.76	2.80	2.72	2.55	2.80
Debt to Total Capital	53.79%	53.69%	55.75%	55.32%	55.42%	55.90%	58.39%	57.57%	58.20%	59.31%	60.63%
Short-Term Debt to Total Capital	2.46%	2.59%	3.82%	4.18%	4.06%	2.91%	5.59%	4.45%	4.38%	3.53%	1.58%
Long-Term Debt to Total Capital	51.33%	51.10%	51.93%	51.14%	51.36%	53.00%	52.80%	53.12%	53.82%	55.78%	59.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.21%	46.31%	44.25%	44.68%	44.58%	44.10%	41.61%	42.43%	41.80%	40.69%	39.37%
Debt to EBITDA	2.86	2.76	2.80	2.68	2.66	2.52	2.71	2.58	2.63	2.73	2.71
Net Debt to EBITDA	2.67	2.57	2.56	2.46	2.34	2.35	2.33	2.26	2.53	2.56	2.60
Long-Term Debt to EBITDA	2.73	2.63	2.61	2.48	2.47	2.39	2.45	2.38	2.43	2.57	2.64
Debt to NOPAT	7.35	6.95	6.95	6.48	6.16	5.64	5.89	5.57	5.74	6.13	6.26
Net Debt to NOPAT	6.86	6.48	6.36	5.94	5.41	5.25	5.07	4.88	5.52	5.73	6.00
Long-Term Debt to NOPAT	7.02	6.62	6.48	5.99	5.71	5.35	5.33	5.14	5.31	5.77	6.09
Altman Z-Score	1.12	1.24	1.27	1.34	1.53	1.60	1.78	1.70	1.61	1.44	1.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.91	0.94	0.84	1.08	0.91	1.16	1.21	0.89	1.00	1.09
Quick Ratio	0.64	0.68	0.73	0.64	0.84	0.70	0.88	0.86	0.53	0.63	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4,729	5,163	6,576	6,784	4,298	3,562	2,426	3,938	-3,512	-2,308	-183
Operating Cash Flow to CapEx	218.58%	306.56%	193.53%	270.64%	313.05%	250.86%	279.36%	291.82%	284.51%	278.18%	285.68%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.38	0.38	0.38	0.38	0.39	0.39	0.40	0.40	0.41	0.42
Accounts Receivable Turnover	17.76	17.20	18.22	17.28	18.21	18.15	19.13	18.35	18.32	19.30	19.56
Inventory Turnover	15.49	16.95	18.16	21.82	16.85	18.05	17.33	20.33	15.05	16.34	16.04
Fixed Asset Turnover	1.91	1.90	1.93	1.98	2.03	2.06	2.14	2.22	2.25	2.30	2.41
Accounts Payable Turnover	2.82	2.67	3.15	3.36	3.41	3.15	3.84	3.97	3.75	3.50	3.93
Days Sales Outstanding (DSO)	20.55	21.23	20.03	21.12	20.04	20.11	19.08	19.89	19.92	18.91	18.66
Days Inventory Outstanding (DIO)	23.56	21.53	20.09	16.73	21.66	20.22	21.06	17.95	24.26	22.34	22.75
Days Payable Outstanding (DPO)	129.64	136.92	115.88	108.50	107.01	115.93	95.13	91.83	97.35	104.37	92.97
Cash Conversion Cycle (CCC)	-85.52	-94.16	-75.75	-70.65	-65.30	-75.60	-54.99	-53.99	-53.17	-63.12	-51.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	134,966	134,598	133,579	133,785	134,366	134,597	134,846	133,771	141,363	139,887	138,406
Invested Capital Turnover	0.58	0.58	0.58	0.58	0.59	0.60	0.62	0.63	0.62	0.64	0.66
Increase / (Decrease) in Invested Capital	-2,023	-2,511	-3,551	-3,190	-600	-1.00	1,267	-14	6,997	5,290	3,560
Enterprise Value (EV)	231,391	251,996	257,640	275,513	309,229	328,157	378,256	343,195	350,289	307,786	313,951
Market Capitalization	161,123	182,113	186,135	204,364	239,113	255,301	304,515	270,531	269,403	227,102	231,424
Book Value per Share	$54.99	$55.96	$52.37	$53.45	$55.07	$53.20	$53.52	$53.82	$53.74	$52.93	$50.71
Tangible Book Value per Share	($39.99)	($40.51)	($41.98)	($44.39)	($43.08)	($46.82)	($47.04)	($44.67)	($48.94)	($50.38)	($53.47)
Total Capital	139,996	139,733	140,287	140,202	144,120	140,006	146,849	144,030	144,673	145,485	141,926
Total Debt	75,298	75,018	78,213	77,566	79,870	78,265	85,744	82,923	84,196	86,282	86,047
Total Long-Term Debt	71,861	71,399	72,857	71,699	74,019	74,197	77,530	76,515	77,863	81,147	83,809
Net Debt	70,268	69,883	71,505	71,149	70,116	72,856	73,741	72,664	80,886	80,684	82,527
Capital Expenditures (CapEx)	2,422	1,585	2,627	2,040	1,961	2,212	2,451	2,396	2,621	2,392	2,528
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,635	-3,429	-2,620	-4,291	-2,327	-3,111	23	819	425	-502	492
Debt-free Net Working Capital (DFNWC)	395	1,706	4,088	2,126	7,427	2,298	12,026	11,078	3,735	5,096	4,012
Net Working Capital (NWC)	-3,042	-1,913	-1,268	-3,741	1,576	-1,770	3,812	4,670	-2,598	-39	1,774
Net Nonoperating Expense (NNE)	564	638	651	669	639	580	740	702	771	879	873
Net Nonoperating Obligations (NNO)	70,268	69,883	71,505	71,149	70,116	72,856	73,741	72,664	80,886	80,684	82,527
Total Depreciation and Amortization (D&A)	3,187	3,318	3,371	3,248	3,151	3,149	3,198	3,146	3,408	3,756	3,817
Debt-free, Cash-free Net Working Capital to Revenue	-5.92%	-4.36%	-3.34%	-5.43%	-2.91%	-3.82%	0.03%	0.97%	0.50%	-0.57%	0.54%
Debt-free Net Working Capital to Revenue	0.50%	2.17%	5.21%	2.69%	9.28%	2.82%	14.54%	13.18%	4.35%	5.77%	4.43%
Net Working Capital to Revenue	-3.88%	-2.44%	-1.61%	-4.73%	1.97%	-2.17%	4.61%	5.56%	-3.03%	-0.04%	1.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.83	$1.74	$2.00	$2.50	$2.62	$2.58	$2.59	$2.84	$2.42	$1.90	$2.28
Adjusted Weighted Average Basic Shares Outstanding	1.17B	1.19B	1.19B	1.17B	1.17B	1.17B	1.14B	1.13B	1.12B	1.13B	1.10B
Adjusted Diluted Earnings per Share	$1.82	$1.67	$2.00	$2.49	$2.61	$2.56	$2.58	$2.84	$2.41	$1.89	$2.27
Adjusted Weighted Average Diluted Shares Outstanding	1.17B	1.20B	1.19B	1.17B	1.17B	1.17B	1.14B	1.13B	1.13B	1.13B	1.10B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.16B	1.19B	1.17B	1.17B	1.16B	1.14B	1.14B	1.13B	1.12B	1.10B	1.08B
Normalized Net Operating Profit after Tax (NOPAT)	2,706	2,652	3,025	3,594	3,698	3,561	3,693	3,924	3,699	2,982	3,377
Normalized NOPAT Margin	14.05%	12.95%	15.44%	18.18%	18.34%	16.28%	17.68%	18.57%	16.85%	12.25%	14.62%
Pre Tax Income Margin	14.79%	12.91%	16.02%	19.06%	19.68%	17.55%	18.38%	20.25%	16.07%	10.83%	14.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	8.98%	17.32%	24.06%	29.24%	29.10%	29.65%	30.87%	33.70%	37.49%	40.20%
Augmented Payout Ratio	171.39%	166.18%	155.01%	138.76%	113.35%	128.12%	114.63%	115.16%	136.60%	128.23%	156.92%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for T-Mobile US (TMUS) based on the last four years of quarterly statements. The focus is on revenue, cash flow, profitability, and the balance sheet to help retail investors gauge ongoing strength and risks.

Revenue growth: Q4 2025 operating revenue is $24.334B, up from $21.872B in Q4 2024, indicating sustained top-line expansion through 2025.
Strong operating cash flow: Q4 2025 net cash from continuing operating activities is $6.654B, up from $5.549B in Q4 2024, signaling robust cash generation from core operations.
Sustainable dividend policy: Cash dividends per share remain at $0.88, providing a steady income stream for investors.
Liquidity support from debt issuance: Issuance of debt in Q4 2025 totals about $3.744B, helping bolster liquidity for ongoing investments and capital needs.
Scale of the balance sheet: Total assets run around $217.2B in 2025 (with quarterly levels near that mark), reflecting a large, mature capital base.
Gross margin pressure: Gross margin declined slightly (approx. 57.8% in Q4 2025 vs. ~59.8% in Q4 2024), indicating some margin compression despite revenue growth.
High but stable long‑term debt: Long‑term debt sits around $77.9B, a large but consistent portion of the capital structure.
Profitability softened year over year: Net income attributable to common shareholders in Q4 2025 was about $2.103B, down from $2.981B in Q4 2024, indicating lower quarterly profitability compared to the prior year.
Cash balance pressure: Cash & equivalents were about $3.31B at the end of the period, down from roughly $5.41B at the end of 2024, signaling a tighter near-term cash position.
Financing activity as a cash outflow: Net cash from financing activities was negative in Q4 2025 (about $1.831B), reflecting net cash use for dividends, buybacks, and debt activity.

05/06/26 05:38 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About T-Mobile US's Financials

When does T-Mobile US's financial year end?

According to the most recent income statement we have on file, T-Mobile US's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has T-Mobile US's net income changed over the last 10 years?

T-Mobile US's net income appears to be on an upward trend, with a most recent value of $10.99 billion in 2025, rising from $733 million in 2015. The previous period was $11.34 billion in 2024. See where experts think T-Mobile US is headed by visiting T-Mobile US's forecast page.

What is T-Mobile US's operating income?

T-Mobile US's total operating income in 2025 was $18.28 billion, based on the following breakdown:

Total Gross Profit: $55.54 billion
Total Operating Expenses: $37.26 billion

How has T-Mobile US's revenue changed over the last 10 years?

Over the last 10 years, T-Mobile US's total revenue changed from $32.47 billion in 2015 to $88.31 billion in 2025, a change of 172.0%.

How much debt does T-Mobile US have?

T-Mobile US's total liabilities were at $160.03 billion at the end of 2025, a 9.4% increase from 2024, and a 249.0% increase since 2015.

How much cash does T-Mobile US have?

In the past 10 years, T-Mobile US's cash and equivalents has ranged from $1.20 billion in 2018 to $10.39 billion in 2020, and is currently $5.60 billion as of their latest financial filing in 2025.

How has T-Mobile US's book value per share changed over the last 10 years?

Over the last 10 years, T-Mobile US's book value per share changed from 20.29 in 2015 to 52.93 in 2025, a change of 160.9%.

Related Companies

Financial statements for NASDAQ:TMUS last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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T-Mobile US (TMUS) Financials

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T-Mobile US (TMUS) Financials

Annual Income Statements for T-Mobile US

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Quarterly Cash Flow Statements for T-Mobile US

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Quarterly Balance Sheets for T-Mobile US

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Quarterly Metrics And Ratios for T-Mobile US

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