T Mobile Us Financials
This page shows T Mobile Us (TMUS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash generation now outpaces profit growth as T-Mobile turns a mature revenue base into larger distributable cash flow.
From FY2023 to FY2025, free cash flow rose from$8.8B to$18.0B even as operating margin stopped expanding and slipped in FY2025. The difference is capital intensity: capex stayed near$10.0B while operating cash flow kept rising, so more of each revenue dollar now survives reinvestment and becomes cash available for buybacks and dividends.
FY2025 is more a cash conversion story than a margin story. Operating margin eased to
Balance-sheet posture is getting more distribution-focused: equity fell to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of T Mobile Us's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
T Mobile Us has an operating margin of 20.7%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is down from 22.1% the prior year.
T Mobile Us's revenue grew 8.5% year-over-year to $88.3B, a solid pace of expansion. This earns a growth score of 43/100.
T Mobile Us carries a low D/E ratio of 1.37, meaning only $1.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.
T Mobile Us's current ratio of 1.00 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
T Mobile Us converts 20.4% of revenue into free cash flow ($18.0B). This strong cash generation earns a score of 68/100.
T Mobile Us's ROE of 18.6% shows moderate profitability relative to equity, earning a score of 50/100. This is up from 18.4% the prior year.
T Mobile Us scores 1.59, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
T Mobile Us passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, T Mobile Us generates $2.54 in operating cash flow ($27.9B OCF vs $11.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
T Mobile Us generated $88.3B in revenue in fiscal year 2025. This represents an increase of 8.5% from the prior year.
T Mobile Us's EBITDA was $31.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.8% from the prior year.
T Mobile Us reported $11.0B in net income in fiscal year 2025. This represents a decrease of 3.1% from the prior year.
T Mobile Us earned $9.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.6% from the prior year.
Cash & Balance Sheet
T Mobile Us generated $18.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 33.8% from the prior year.
T Mobile Us held $5.6B in cash against $81.1B in long-term debt as of fiscal year 2025.
T Mobile Us paid $3.80 per share in dividends in fiscal year 2025. This represents an increase of 2.4% from the prior year.
T Mobile Us had 1.10B shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.
Margins & Returns
T Mobile Us's operating margin was 20.7% in fiscal year 2025, reflecting core business profitability. This is down 1.4 percentage points from the prior year.
T Mobile Us's net profit margin was 12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.
T Mobile Us's ROE was 18.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.
Capital Allocation
T Mobile Us spent $10.0B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 11.2% from the prior year.
T Mobile Us invested $10.0B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.6% from the prior year.
TMUS Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.1B-5.0% | $24.3B+10.8% | $22.0B+3.9% | $21.1B+1.2% | $20.9B-4.5% | $21.9B+8.5% | $20.2B+2.0% | $19.8B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.0B-9.2% | $6.6B+9.2% | $6.0B+11.5% | $5.4B-1.7% | $5.5B+2.5% | $5.4B+3.2% | $5.2B+0.9% | $5.1B |
| Operating Income | $4.5B+20.4% | $3.7B-17.5% | $4.5B-13.1% | $5.2B+8.6% | $4.8B+4.7% | $4.6B-4.4% | $4.8B+3.6% | $4.6B |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $830.0M+56.0% | $532.0M-34.6% | $814.0M-23.1% | $1.1B+19.5% | $885.0M+3.1% | $858.0M-5.5% | $908.0M+7.7% | $843.0M |
| Net Income | $2.5B+19.1% | $2.1B-22.5% | $2.7B-15.8% | $3.2B+9.1% | $3.0B-0.9% | $3.0B-2.5% | $3.1B+4.6% | $2.9B |
| EPS (Diluted) | $2.27 | N/A | $2.41-15.1% | $2.84+10.1% | $2.58 | N/A | $2.61+4.8% | $2.49 |
TMUS Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $214.7B-2.1% | $219.2B+0.9% | $217.2B+2.1% | $212.6B-0.9% | $214.6B+3.2% | $208.0B-1.3% | $210.7B+1.0% | $208.6B |
| Current Assets | $22.1B-9.6% | $24.5B+12.7% | $21.7B-18.9% | $26.8B-2.4% | $27.4B+49.1% | $18.4B-18.3% | $22.5B+16.8% | $19.3B |
| Cash & Equivalents | $3.5B-37.1% | $5.6B+69.1% | $3.3B-67.7% | $10.3B-14.5% | $12.0B+121.9% | $5.4B-44.5% | $9.8B+52.0% | $6.4B |
| Inventory | $2.3B-3.2% | $2.4B+1.5% | $2.4B+40.2% | $1.7B-12.8% | $1.9B+20.5% | $1.6B-10.2% | $1.8B+35.6% | $1.3B |
| Accounts Receivable | $4.9B-0.2% | $4.9B-4.1% | $5.1B+10.6% | $4.6B+4.7% | $4.4B+2.7% | $4.3B-0.2% | $4.3B-6.1% | $4.6B |
| Goodwill | $13.7B-0.1% | $13.7B-0.1% | $13.7B+1.7% | $13.5B-0.1% | $13.5B+3.6% | $13.0B-0.1% | $13.0B0.0% | $13.0B |
| Total Liabilities | $158.8B-0.8% | $160.0B+2.1% | $156.7B+3.4% | $151.5B-1.3% | $153.5B+4.9% | $146.3B-0.1% | $146.5B+0.4% | $145.9B |
| Current Liabilities | $20.3B-17.0% | $24.5B+0.8% | $24.3B+9.9% | $22.1B-6.5% | $23.6B+17.1% | $20.2B-3.7% | $21.0B-9.0% | $23.0B |
| Long-Term Debt | N/A | $81.1B | N/A | N/A | N/A | $74.2B | N/A | N/A |
| Total Equity | $55.9B-5.6% | $59.2B-2.1% | $60.5B-1.0% | $61.1B0.0% | $61.1B-1.0% | $61.7B-3.9% | $64.3B+2.6% | $62.6B |
| Retained Earnings | $22.5B+6.6% | $21.1B+4.9% | $20.2B+8.5% | $18.6B+13.7% | $16.3B+13.6% | $14.4B+16.0% | $12.4B+19.7% | $10.4B |
TMUS Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.2B+8.5% | $6.7B-10.8% | $7.5B+6.7% | $7.0B+2.1% | $6.8B+23.4% | $5.5B-9.6% | $6.1B+11.2% | $5.5B |
| Capital Expenditures | $2.6B+6.2% | $2.5B-6.4% | $2.6B+10.1% | $2.4B-2.2% | $2.5B+10.8% | $2.2B+12.8% | $2.0B-3.9% | $2.0B |
| Free Cash Flow | $4.6B+9.9% | $4.2B-13.1% | $4.8B+4.8% | $4.6B+4.5% | $4.4B+31.7% | $3.3B-20.1% | $4.2B+20.0% | $3.5B |
| Investing Cash Flow | -$2.8B-14.0% | -$2.5B+75.3% | -$10.1B-550.4% | -$1.6B+54.3% | -$3.4B-48.2% | -$2.3B+30.5% | -$3.3B-97.1% | -$1.7B |
| Financing Cash Flow | -$6.4B-251.7% | -$1.8B+56.8% | -$4.2B+41.2% | -$7.2B-325.6% | $3.2B+142.4% | -$7.5B-1583.6% | $507.0M+112.3% | -$4.1B |
| Dividends Paid | $1.1B-1.3% | $1.1B+15.0% | $987.0M-0.9% | $996.0M-0.7% | $1.0B-1.1% | $1.0B+33.8% | $758.0M-0.1% | $759.0M |
| Share Buybacks | $4.8B+97.3% | $2.4B-1.3% | $2.5B-3.0% | $2.6B+2.4% | $2.5B-46.8% | $4.7B+737.0% | $560.0M-76.5% | $2.4B |
TMUS Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 19.5%+4.1pp | 15.3%-5.3pp | 20.6%-4.0pp | 24.7%+1.7pp | 23.0%+2.0pp | 21.0%-2.8pp | 23.8%+0.4pp | 23.4% |
| Net Margin | 10.8%+2.2pp | 8.6%-3.7pp | 12.4%-2.9pp | 15.3%+1.1pp | 14.1%+0.5pp | 13.6%-1.5pp | 15.2%+0.4pp | 14.8% |
| Return on Equity | 4.5%+0.9pp | 3.5%-0.9pp | 4.5%-0.8pp | 5.3%+0.4pp | 4.8%0.0pp | 4.8%+0.1pp | 4.8%+0.1pp | 4.7% |
| Return on Assets | 1.2%+0.2pp | 1.0%-0.3pp | 1.3%-0.3pp | 1.5%+0.1pp | 1.4%-0.1pp | 1.4%-0.0pp | 1.5%+0.1pp | 1.4% |
| Current Ratio | 1.09+0.1 | 1.00+0.1 | 0.89-0.3 | 1.21+0.1 | 1.16+0.2 | 0.91-0.2 | 1.08+0.2 | 0.84 |
| Debt-to-Equity | 2.84+1.5 | 1.37-1.2 | 2.59+0.1 | 2.48-0.0 | 2.51+1.3 | 1.20-1.1 | 2.28-0.0 | 2.33 |
| FCF Margin | 19.9%+2.7pp | 17.2%-4.7pp | 21.9%+0.2pp | 21.8%+0.7pp | 21.1%+5.8pp | 15.3%-5.5pp | 20.7%+3.1pp | 17.6% |
Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is T Mobile Us's annual revenue?
T Mobile Us (TMUS) reported $88.3B in total revenue for fiscal year 2025. This represents a 8.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is T Mobile Us's revenue growing?
T Mobile Us (TMUS) revenue grew by 8.5% year-over-year, from $81.4B to $88.3B in fiscal year 2025.
Is T Mobile Us profitable?
Yes, T Mobile Us (TMUS) reported a net income of $11.0B in fiscal year 2025, with a net profit margin of 12.4%.
What is T Mobile Us's EBITDA?
T Mobile Us (TMUS) had EBITDA of $31.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does T Mobile Us have?
As of fiscal year 2025, T Mobile Us (TMUS) had $5.6B in cash and equivalents against $81.1B in long-term debt.
What is T Mobile Us's operating margin?
T Mobile Us (TMUS) had an operating margin of 20.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is T Mobile Us's net profit margin?
T Mobile Us (TMUS) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does T Mobile Us pay dividends?
Yes, T Mobile Us (TMUS) paid $3.80 per share in dividends during fiscal year 2025.
What is T Mobile Us's return on equity (ROE)?
T Mobile Us (TMUS) has a return on equity of 18.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is T Mobile Us's free cash flow?
T Mobile Us (TMUS) generated $18.0B in free cash flow during fiscal year 2025. This represents a 33.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is T Mobile Us's operating cash flow?
T Mobile Us (TMUS) generated $27.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are T Mobile Us's total assets?
T Mobile Us (TMUS) had $219.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are T Mobile Us's capital expenditures?
T Mobile Us (TMUS) invested $10.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is T Mobile Us's current ratio?
T Mobile Us (TMUS) had a current ratio of 1.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is T Mobile Us's debt-to-equity ratio?
T Mobile Us (TMUS) had a debt-to-equity ratio of 1.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is T Mobile Us's return on assets (ROA)?
T Mobile Us (TMUS) had a return on assets of 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is T Mobile Us's Altman Z-Score?
T Mobile Us (TMUS) has an Altman Z-Score of 1.59, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is T Mobile Us's Piotroski F-Score?
T Mobile Us (TMUS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are T Mobile Us's earnings high quality?
T Mobile Us (TMUS) has an earnings quality ratio of 2.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is T Mobile Us?
T Mobile Us (TMUS) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.