TMUS (T-Mobile US, Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Communication Services Telecommunications Services

T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging,...

CEOSrinivasan Gopalan

Country🇺🇸 United States

ExchangeNASDAQ

IPOApr 19, 2007

www.t-mobile.com

Revenue$24.3B

YoY Growth+11.3%

QoQ Growth+10.8%

Net Income$2.1B

EPS$1.88

Free Cash Flow$4.2B

Gross Margin42.5%

Op. Margin15.9%

Net Margin8.6%

FCF Margin17.2%

Rev Multiple (TTM)2.8x

P/E Ratio (TTM)22.1x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$19.6B	$12.0B	$3.4B
Q2 23	$19.2B	$12.2B	$3.8B
Q3 23	$19.3B	$12.1B	$3.6B
Q4 23	$20.5B	$12.1B	$3.5B
Q1 24	$19.6B	$12.5B	$4.0B
Q2 24	$19.8B	$13.0B	$4.6B
Q3 24	$20.2B	$13.1B	$4.8B
Q4 24	$21.9B	$13.1B	$4.6B
Q1 25	$20.9B	$13.5B	$4.8B
Q2 25	$21.1B	$13.8B	$5.2B
Q3 25	$22.0B	$10.8B	$4.9B
Q4 25	$24.3B	$10.3B	$3.9B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.1x	63.7x
Q2 23	3.1x	39.6x
Q3 23	3.1x	31.3x
Q4 23	3.1x	29.3x
Q1 24	3.1x	27.8x
Q2 24	3.1x	25.7x
Q3 24	3.0x	23.5x
Q4 24	3.0x	21.5x
Q1 25	2.9x	20.4x
Q2 25	2.9x	19.9x
Q3 25	2.8x	20.5x
Q4 25	2.8x	22.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$4.1B	$977M
Q2 23	$4.4B	$1.5B
Q3 23	$5.3B	$2.8B
Q4 23	$4.9B	$2.5B
Q1 24	$5.1B	$2.4B
Q2 24	$5.5B	$3.3B
Q3 24	$6.1B	$1.8B
Q4 24	$5.5B	$2.5B
Q1 25	$6.8B	$4.4B
Q2 25	$7.0B	$4.6B
Q3 25	$7.5B	$4.8B
Q4 25	$6.7B	$4.2B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3.1B
Q2 23	$2.8B
Q3 23	$2.5B
Q4 23	$2.4B
Q1 24	$2.7B
Q2 24	$2.2B
Q3 24	$4.4B
Q4 24	$3.0B
Q1 25	$2.5B
Q2 25	$2.4B
Q3 25	$2.6B
Q4 25	$2.5B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-2.4%	-11.4%
Q2 23	-2.6%	-18.9%
Q3 23	-1.2%	-14.0%
Q4 23	+1.0%	-3.0%
Q1 24	-0.2%	-3.9%
Q2 24	+3.0%	-1.7%
Q3 24	+4.7%	-1.9%
Q4 24	+6.8%	+1.7%
Q1 25	+6.6%	+3.1%
Q2 25	+6.9%	+5.1%
Q3 25	+8.9%	+11.3%
Q4 25	+11.3%	+18.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$177M	0.9%
Q2 23	$167M	0.9%
Q3 23	$156M	0.8%
Q4 23	$167M	0.8%
Q1 24	$140M	0.7%
Q2 24	$164M	0.8%
Q3 24	$170M	0.8%
Q4 24	$175M	0.8%
Q1 25	$186M	0.9%
Q2 25	$200M	0.9%
Q3 25	$227M	1.0%
Q4 25	$216M	0.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	—	—	—	$5.4B
Q2 23	—	—	—	$5.3B
Q3 23	—	—	—	$5.3B
Q4 23	—	—	—	$5.3B
Q1 24	—	—	—	$5.1B
Q2 24	—	—	—	$5.1B
Q3 24	—	—	—	$5.2B
Q4 24	—	—	—	$5.4B
Q1 25	—	—	—	$5.5B
Q2 25	—	$4.5B	$864M	—
Q3 25	—	—	—	$6.0B
Q4 25	$278M	$5.1B	$1.1B	—

Revenue Segments

Quarter	Branded Postpaid Revenue	Branded Prepaid Revenue	Product and Service, Other	Product, Equipment	Wholesale Service Revenue
Q1 23	$11.9B	$2.4B	$367M	$3.7B	$1.3B
Q2 23	$12.1B	$2.4B	$289M	$3.2B	$1.2B
Q3 23	$12.3B	$2.5B	$262M	$3.1B	$1.2B
Q4 23	$12.5B	$2.4B	$261M	$4.2B	$1.1B
Q1 24	$12.6B	$2.4B	$247M	$3.3B	$1.1B
Q2 24	$12.9B	$2.6B	$237M	$3.1B	$938M
Q3 24	$13.3B	$2.7B	$230M	$3.2B	$701M
Q4 24	$13.5B	$2.7B	$245M	$4.7B	$738M
Q1 25	$13.6B	$2.6B	$257M	$3.7B	$688M
Q2 25	$14.1B	$2.6B	$255M	$3.4B	$717M
Q3 25	$14.9B	$2.6B	$251M	$3.5B	$734M
Q4 25	$15.4B	$2.6B	$268M	$5.4B	$738M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$4.5B	$0	$4.5B
Q2 23	$6.6B	$0	$6.6B
Q3 23	$5.0B	$0	$5.0B
Q4 23	$5.1B	$0	$5.1B
Q1 24	$6.7B	$0	$6.7B
Q2 24	$6.4B	$0	$6.4B
Q3 24	$9.8B	$0	$9.8B
Q4 24	$5.4B	$0	$5.4B
Q1 25	$12.0B	$0	$12.0B
Q2 25	$10.3B	$0	$10.3B
Q3 25	$3.3B	$0	$3.3B
Q4 25	$5.6B	$0	$5.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.22B	-1.8%
Q2 23	1.20B	-2.4%
Q3 23	1.17B	-1.8%
Q4 23	1.21B	+2.6%
Q1 24	1.19B	-1.3%
Q2 24	1.17B	-1.4%
Q3 24	1.17B	-0.2%
Q4 24	1.17B	+0.2%
Q1 25	1.14B	-2.4%
Q2 25	1.13B	-0.9%
Q3 25	1.13B	-0.7%
Q4 25	1.12B	-0.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$657K	45K
FY 15	$649K	50K
FY 16	$750K	50K
FY 17	$796K	51K
FY 18	$833K	52K
FY 19	$849K	53K
FY 20	$912K	75K
FY 21	$1M	75K
FY 22	$1M	71K
FY 23	$1M	67K
FY 24	$1M	70K
FY 25	$1M	75K