T-Mobile US, Inc.TMUS
NasdaqGS•Communication Services•Telecom Services
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.
T-Mobile US, Inc. (TMUS) reported trailing twelve months revenue of $90.53B as of March 2026, a 9.5% increase year-over-year. Quarterly revenue reached $23.11B, reflecting continued top-line momentum.
T-Mobile US, Inc. generated $10.54B in TTM net income, with quarterly EBITDA of $8.31B. The operating margin contracted from 23.0% to 19.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (19.5%) and net margin (10.8%) indicates moderate non-operating costs. Net margin has narrowed from 14.1% a year ago, reflecting increased costs or interest expense.
TMUS trades at a P/E of 22.3x (in line with broad market averages) and a P/S of 2.6x. The price-to-book ratio of 4.2x reflects a moderate premium to book value.
The company generated $4.60B in free cash flow over the trailing twelve months, a 4.6% increase year-over-year, indicating cash generation ability. The balance sheet shows $214.67B in total assets with no in long-term debt against $55.88B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~21.4% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 18.3% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~14.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 12.1% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 1.5x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 6.0% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation