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TMUS T-Mobile US, Inc.

NasdaqCommunication & mediaRadiotelephone CommunicationsBellevue, WAFY ends December 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 11, 2026

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$88.3BYoYup 8.49%ended Dec 31, 2025
Net income
$11B12.4% margin
Diluted EPS
$9.72YoYup 0.62%
Free cash flow
$18B20.4% margin
Cash
$5.6BNet debt $80.7B
Total debt
$86.3BD/E 1.46×
About T-Mobile US, Inc.

Overview

T-Mobile US, Inc. (TMUS) is listed on Nasdaq; the SEC classifies it under "Radiotelephone Communications".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $88.31B, up 8.5% from fiscal 2024.

Net income was $10.99B, a net margin of 12.4%.

At fiscal year end it had total assets of $219.24B and stockholders' equity of $59.2B (27.0% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 11, 2026
Latest filing
10-QOct 28, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$37.2B$1.46B3.9%
FY2017$40.6B$4.54B11.2%
FY2018$43.3B$2.89B6.7%
FY2019$45B$3.47B7.7%
FY2020$68.4B$3.06B4.5%
FY2021$80.1B$3.02B3.8%
FY2022$79.6B$2.59B3.3%
FY2023$78.6B$8.32B10.6%
FY2024$81.4B$11.3B13.9%
FY2025$88.3B$11B12.4%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$1.69
FY2017$5.20
FY2018$3.36
FY2019$4.02
FY2020$2.65
FY2021$2.41
FY2022$2.06
FY2023$6.93
FY2024$9.66
FY2025$9.72

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flowNet income
FY2016$1.43B$1.46B
FY2017$2.73B$4.54B
FY2018-$1.64B$2.89B
FY2019$433M$3.47B
FY2020-$2.39B$3.06B
FY2021$1.59B$3.02B
FY2022$2.81B$2.59B
FY2023$8.76B$8.32B
FY2024$13.5B$11.3B
FY2025$18B$11B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY2016833M
FY2017872M
FY2018858M
FY2019863M
FY20201.15B
FY20211.25B
FY20221.26B
FY20231.2B
FY20241.17B
FY20251.13B

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$5.5B$21.8B
FY2017$1.22B$12.1B
FY2018$1.2B$12.1B
FY2019$1.53B$11B
FY2020$10.4B$71B
FY2021$6.63B$73.8B
FY2022$4.51B$75.6B
FY2023$5.14B$75B
FY2024$5.41B$78.3B
FY2025$5.6B$86.3B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Operating margin
20.7%
Net margin
12.4%
FCF margin
20.4%
Return on equity
18.2%
Return on assets
5.1%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 8.49%up 3.53%up 5.24%—
EPS (diluted)up 0.62%up 67.73%up 29.68%up 21.46%
Free cash flowup 33.76%up 85.68%—up 32.46%
Change in share count
-3.59%

Financial strength

Current ratio
1×
Debt / equity
1.46×
Net debt
$80.7B
Interest coverage
—
Equity / assets
27.0%

Shareholder returns

Dividends per share
$3.80
Dividends paid
$4.12B
Buybacks
$9.97B
Payout ratio
37.5%
Stock comp. / revenue
0.9%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

6 of 8 checks passed

FY2025 vs FY2024

Partial: 8 of 9 checks could be computed.

  • PassPositive return on assets5.3%
  • PassPositive operating cash flow$28B
  • FailReturn on assets improved5.3% vs 5.5%
  • PassOperating cash flow above net income13.4% vs 5.3%
  • FailLong-term debt / assets fell37.0% vs 35.7%
  • PassCurrent ratio improved1× vs 0.91×
  • PassNo increase in share count1.13B vs 1.17B
  • —Not computableGross margin improved—
  • PassAsset turnover improved0.42× vs 0.39×

Altman Z''-Score

Needs current assets and liabilities, retained earnings, operating income, total assets, liabilities and equity from the latest 10-K.

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue88,30981,40078,55879,57180,11868,39744,99843,31040,60437,242
YoY (Revenue)+8.49%+3.62%-1.27%-0.68%+17.14%+52.00%+3.90%—+9.03%—
Selling, general & admin.23,47020,81821,31121,60720,23818,92614,13913,16112,25911,378
Operating income18,27918,01014,2666,5436,8926,6365,7225,3094,8883,802
Interest expense————3,1892,4837278351,1111,418
Pretax income14,28114,71210,9993,1463,3513,5304,6033,9173,1612,327
Income tax3,2893,3732,6825563277861,1351,029-1,375867
Net income10,99211,3398,3172,5903,0243,0643,4682,8884,5361,460
YoY (Net income)-3.06%+36.34%+221.12%-14.35%-1.31%-11.65%+20.08%-36.33%+210.68%—
EPS (basic)9.759.707.022.072.422.684.063.405.391.71
EPS (diluted)9.729.666.932.062.412.654.023.365.201.69
YoY (EPS (diluted))+0.62%+39.39%+236.41%-14.52%-9.06%-34.08%+19.64%-35.38%+207.69%—
Diluted shares (weighted)1,1311,1731,2001,2551,2551,155863858872833

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents5,5985,4095,1354,5076,63110,3851,5281,2031,2195,500
Receivables4,8744,2764,6924,4454,1674,2541,8881,7691,9151,896
Inventory2,4051,6071,6781,8842,5672,5279641,0841,5661,111
Current assets24,46118,40419,01519,06720,89123,8859,3058,2818,91514,217
Goodwill13,67813,00512,23412,23412,18811,1171,9301,9011,6831,683
Total assets219,237208,035207,682211,338206,563200,16286,92172,46870,56365,891
Current liabilities24,50020,17420,92824,74223,49921,70312,50610,26711,5159,022
Short-term debt5,1354,0683,61910,3286,7569,15850———
Long-term debt81,14774,19771,39965,30167,07661,83010,95812,12412,12121,832
Retained earnings21,13614,3847,347-223-2,812-5,836-8,833-12,954-16,074-20,610
Stockholders' equity59,20361,74164,71569,65669,10265,34428,78924,71822,55918,236
Shares outstanding1,1071,1451,1961,2341,2491,242857850859826

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow27,95022,29318,55916,78113,9178,6406,8243,8997,9626,135
Capital expenditures9,9558,8409,80113,97012,32611,0346,3915,5415,2374,702
Free cash flow17,99513,4538,7582,8111,591-2,394433-1,6422,7251,433
YoY (Free cash flow)+33.76%+53.61%+211.56%+76.68%—-652.89%—-160.26%+90.16%—
Depreciation & amortization13,50812,91912,81813,65116,38314,1516,6166,4865,9846,243
Stock-based compensation829649667595540694495424306235
Share repurchases9,97411,22813,0743,000019,53601,071427—
Dividends paid4,1213,300747———005555
Dividends per share3.803.710.65———————
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$9.72
Revenue per share
$78.08
FCF per share
$15.91
Book value per share
$52.34
Tangible book per share
$40.25
Cash per share
$4.95
Dividends per share
$3.80
Public floatas of Jun 30, 2025
$112B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-Q
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-K
    Current report· Oct 28, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Oct 26, 2026(SEC EDGAR)
    • 5.02Officer or director changes
  4. 8-K
    Current report· Sep 1, 2026(SEC EDGAR)
    • 5.02Officer or director changes
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  5. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  6. 8-K
    Current report· Jul 23, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· Jul 2, 2026(SEC EDGAR)
    • 5.02Officer or director changes
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  8. 8-K
    Current report· Jun 16, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
  9. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  10. 8-K
    Current report· Apr 28, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR
SIC 4812 · Radiotelephone Communications

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
TMUST-Mobile US, Inc. (This company)$88.3Bup 8.49%12.4%18.2%—
DTEGYDEUTSCHE TELEKOM AG——————
Peer median——————

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does T-Mobile US, Inc. do?

The SEC classifies T-Mobile US, Inc. under Standard Industrial Classification (SIC) code 4812, "Radiotelephone Communications". It is headquartered in Bellevue, WA. It is incorporated in DE. In fiscal 2025 it reported revenue of $88.31B and net income of $10.99B in its annual 10-K report.

What was T-Mobile US, Inc.'s revenue in 2025?

T-Mobile US, Inc. reported revenue of $88.31B for fiscal 2025, which ended Dec 31, 2025, up 8.5% from $81.4B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 11, 2026.

What was T-Mobile US, Inc.'s net income in 2025?

T-Mobile US, Inc. reported net income of $10.99B for fiscal 2025, a net margin of 12.4% of revenue.

Where is T-Mobile US, Inc. listed?

According to the SEC, T-Mobile US, Inc.'s ticker TMUS is listed on Nasdaq. The SEC also lists the tickers TMUSI, TMUSL and TMUSZ for the company.

When does T-Mobile US, Inc.'s fiscal year end?

According to the SEC, T-Mobile US, Inc.'s fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.