TMUS
SP100NasdaqGST-Mobile US, Inc.
Communication Services · Telecom Services · United States
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. The company was founded in 1994 and is headquartered in Bellevue, Washington. T-Mobile US, Inc. operates as a subsidiary of Deutsche Telekom AG.
www.t-mobile.com ↗Shares trade at a moderate 18.9× trailing earnings, easing to 12.7× on forward estimates. Profitability shows a net margin of 11.6% and return on equity of 18.0%. Leverage is elevated at 3.5× net debt/EBITDA. Revenue grew 10.6% year-on-year. It yields 2.3% in dividends. The mean analyst target of USD259.08 sits 45.9% above the current price (Buy, 26 analysts).
business model
T-Mobile US is a wireless carrier providing postpaid and prepaid voice, data and messaging services over its nationwide 4G LTE and 5G networks, marketed as the 'Un-carrier.' It monetizes primarily through recurring monthly service subscriptions plus device sales, and is expanding into home broadband via fixed wireless access.
revenue segments
Revenue is primarily postpaid service (its largest and fastest-growing stream), prepaid service (including Metro by T-Mobile), equipment sales, and other/wholesale revenue. Fixed wireless home internet is a growing contributor within its subscriber base.
key dependencies
Depends on its spectrum holdings (notably mid-band 2.5 GHz from the Sprint merger), network capacity and buildout, subscriber acquisition and retention, device supply chains, and access to capital for spectrum and infrastructure investment.
competitors
Competes directly with Verizon and AT&T in US wireless, plus cable operators offering MVNO service (Comcast Xfinity Mobile, Charter Spectrum Mobile), Dish Network's Boost, and various prepaid brands.
moat
A leading mid-band 5G spectrum position and network gained from the Sprint merger, large scale enabling cost efficiency, strong brand and value positioning, and switching friction from device financing and family plans.
risks
Intense price competition and promotional intensity, cable-company wireless entrants, heavy ongoing capital and spectrum costs, integration and network-synergy execution, regulatory scrutiny, and exposure to consumer credit on device financing.
Financials & metrics
as of 26 Aug 2026Price is closer to the low end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $88.31B | $81.40B | $78.56B | $79.57B | — |
| Cost of revenue | $32.77B | $29.65B | $30.19B | $36.21B | — |
| Gross profit | $55.53B | $51.75B | $48.37B | $43.37B | — |
| Operating expense | $36.98B | $33.74B | $34.13B | $35.26B | — |
| Operating income | $18.56B | $18.01B | $14.24B | $8.11B | — |
| Interest expense | $3.77B | $3.41B | $3.33B | $3.36B | — |
| Pretax income | $14.28B | $14.71B | $11.00B | $3.15B | — |
| Tax provision | $3.29B | $3.37B | $2.68B | $556.00M | — |
| Net income | $10.99B | $11.34B | $8.32B | $2.59B | — |
| EBITDA | $31.56B | $31.04B | $27.15B | $20.16B | — |
| Diluted EPS | $9.72 | $9.66 | $6.93 | $2.06 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $219.24B | $208.03B | $207.68B | $211.34B | — |
| Current assets | $24.46B | $18.40B | $19.02B | $19.07B | — |
| Cash & equivalents | $5.60B | $5.41B | $5.13B | $4.51B | — |
| Inventory | $2.40B | $1.61B | $1.68B | $1.88B | — |
| Total liabilities | $160.03B | $146.29B | $142.97B | $141.68B | — |
| Current liabilities | $24.50B | $20.17B | $20.93B | $24.74B | — |
| Total debt | $122.27B | $113.94B | $113.09B | $111.79B | — |
| Long-term debt | $81.15B | $74.20B | $71.40B | $66.80B | — |
| Shareholders' equity | $59.20B | $61.74B | $64.72B | $69.66B | — |
| Retained earnings | $21.14B | $14.38B | $7.35B | -$223.00M | — |
| Working capital | -$39.00M | -$1.77B | -$1.91B | -$5.67B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $27.95B | $22.29B | $18.56B | $16.78B | — |
| Investing cash flow | -$17.61B | -$9.07B | -$5.83B | -$12.36B | — |
| Financing cash flow | -$10.08B | -$12.81B | -$12.10B | -$6.45B | — |
| Capital expenditure | -$12.52B | -$12.31B | -$10.81B | -$17.30B | — |
| Free cash flow | $15.43B | $9.98B | $7.75B | -$520.00M | — |
| Dividends paid | -$4.12B | -$3.30B | -$747.00M | $0.00 | — |
| Share buybacks | -$9.97B | -$11.23B | -$13.07B | -$3.00B | — |
| End cash position | $5.98B | $5.71B | $5.31B | $4.67B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 26 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 26 Aug 2026News
Sector peers
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