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Second-largest US wireless carrier, known for un-carrier pricing and a fast nationwide 5G network built via the Sprint merger.
Second-largest US wireless carrier, known for un-carrier pricing and a fast nationwide 5G network built via the Sprint merger.
Collects monthly service fees from phone and home-internet customers, so revenue recurs; growth comes from adding customers with competitive pricing and from using mid-band spectrum gained in the 2020 Sprint merger. Deutsche Telekom owns a majority.
Moat: wide (scale, regulatory licence, network effects). Spectrum holdings (especially mid-band from Sprint) and network scale are very costly to replicate.
Headquarters: Bellevue, Washington, USA · Founded: 1994 · Employees: 75,000
Size T-Mobile US (TMUS) is a United States Communication Services company (Wireless Telecommunications) with a market value of $172B, the 73rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $162.01 on 6 Nov 2026.
Performance Over six months the shares fell 15.9%, against -4.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 9 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +4.0%); the operating margin is 21.8% (peer median 21.7%).
Valuation It trades at 12.0× forward earnings against a peer median of 12.9× (4th cheapest of 9).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (6.2% WACC).
Credit T-Mobile US has 50 bonds outstanding ($73.4B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 111 bp.
Short interest Short interest is 1.4% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $93.8B | $88.3B | $81.4B | $78.6B | $79.6B |
| Revenue growth | — | +8% | +4% | -1% | — |
| Gross profit | $43.8B | $42.1B | $39.0B | $36.2B | $33.9B |
| EBITDA | $34.9B | $32.3B | $30.9B | $27.9B | $26.9B |
| Net income | $11.3B | $11.0B | $11.3B | $8.32B | $2.59B |
| Free cash flow | $16.1B | $15.4B | $13.5B | $8.76B | $2.81B |
| Capital expenditure | $12.6B | $12.5B | $12.3B | $10.8B | $17.3B |
| Total debt | $118B | $122B | $114B | $113B | $112B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| T-Mobile US TMUS | $172B | -16% | +9% | 22% | 12.0× | -3.0% |
| Verizon VZ | $189B | -3% | +1% | 24% | 8.8× | -7.2% |
| AT&T T | $146B | -14% | +4% | 22% | 8.5× | -4.8% |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 7.2× | -6.4% |
| Charter Communications CHTR | $20.8B | -24% | -2% | 24% | 3.1× | -8.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TMUS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.4% | 0.0% | 2nd lowest of 9 |
| 6-month return | -15.9% | -4.4% | 2nd lowest of 9 |
| Distance from 52-week high | -27.2% | -10.6% | lowest of 9 |
| Revenue growth (TTM) | +9.3% | +4.0% | 4th highest of 10 |
| Operating margin | 21.8% | 21.7% | 5th highest of 10 |
| Forward P/E | 12.0× | 12.9× | 4th cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -3.0% | -1.4% | 5th least demanding of 10 |
| Growth delivered (Del g) | +5.2% | +4.7% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -8.3 pp | -2.8 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | +3.4 pp | +1.5 pp | 3rd highest of 10 |
| EV / EBITDA | 8.1× | 7.9× | 5th cheapest of 9 |
| Net debt / EBITDA | 3.2× | 2.8× | 4th most indebted of 9 |
| Bond spread | 111 bp | 110 bp | 4th tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| T-Mobile US TMUS | United States | $172B | -16% | +9% | 22% | 12.0× | -3.0% | +5.2% |
| Verizon VZ | United States | $189B | -3% | +1% | 24% | 8.8× | -7.2% | +1.5% |
| AT&T T | United States | $146B | -14% | +4% | 22% | 8.5× | -4.8% | -6.1% |
| Bharti Airtel BHARTIARTL.NS | India | $139B | +15% | +20% | 32% | 33.3× | 20.4% | +16.0% |
| Jio Platforms JPL.NS | India | $137B | n/a | +15% | 32% | n/a | 28.0% | +14.6% |
| China Telecom 0728.HK | Hong Kong | $89.4B | -14% | +1% | 6% | 12.3× | -17.0% | +5.1% |
| America Movil SAB de CV Sponsored ADR AMX | United States | $78.5B | -5% | +16% | 22% | 13.5× | -7.3% | +4.7% |
| Softbank 9434.T | Japan | $71.3B | +6% | +8% | 14% | 18.5× | 3.4% | +6.2% |
| Kddi 9433.T | Japan | $66.4B | +10% | +4% | 18% | 14.2× | -1.4% | +2.7% |
| Orange ORA.PA | France | $45.0B | -19% | +3% | 12% | 9.9× | 4.9% | -0.9% |
T-Mobile US has 50 bonds outstanding with $73.4B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 5.73%, a spread of 111 bp over government bonds.