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T Mobile Usa Inc Financials

TMUSZ
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows T Mobile Usa Inc (TMUSZ) 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).

Rhea AI TMUSZ FY2025

Falling capital intensity turned a steady revenue base into surging free cash flow, funding heavier payouts without building cash reserves.

From FY2023 to FY2025, free cash flow more than doubled while revenue growth was far smaller. Operating cash flow reached $28.0B in FY2025 while capital spending stayed near $10.0B, so more of the company’s scale is now arriving as spendable cash rather than being absorbed by reinvestment.

The sharp step-up in operating margin from 8.2% to 20.7% over the last three years happened much faster than revenue changed, which points more to cost absorption and efficiency than to simple top-line expansion. Selling and administrative costs rose again in FY2025, but they still consumed a smaller share of revenue than in the earlier low-margin years.

The business looks internally funded rather than cash-rich: cash was only $5.6B in FY2025 even after nearly $14.1B of buybacks and dividends, because operating cash flow carried most of the load. At the same time, debt-to-equity rose to 1.4x while the current ratio only reached 1.0x, so balance-sheet flexibility is coming more from cash generation than from a large liquidity buffer.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 53 / 100
Financial Profile 53/100

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 Usa Inc'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.

Profitability
68

T Mobile Usa Inc 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.

Growth
43

T Mobile Usa Inc's revenue grew 8.5% year-over-year to $88.3B, a solid pace of expansion. This earns a growth score of 43/100.

Leverage
74

T Mobile Usa Inc 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.

Liquidity
15

T Mobile Usa Inc'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.

Cash Flow
68

T Mobile Usa Inc converts 20.4% of revenue into free cash flow ($18.0B). This strong cash generation earns a score of 68/100.

Returns
50

T Mobile Usa Inc'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.

Piotroski F-Score Neutral
6/9

T Mobile Usa Inc 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.

Earnings Quality Cash-Backed
2.54x

For every $1 of reported earnings, T Mobile Usa Inc 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

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Earnings & Revenue

Revenue
$88.3B
YoY+8.5%
5Y CAGR+5.2%
10Y CAGR+10.5%

T Mobile Usa Inc generated $88.3B in revenue in fiscal year 2025. This represents an increase of 8.5% from the prior year.

EBITDA
$31.8B
YoY+2.8%
5Y CAGR+8.9%
10Y CAGR+16.1%

T Mobile Usa Inc'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.

Net Income
$11.0B
YoY-3.1%
5Y CAGR+29.1%
10Y CAGR+31.1%

T Mobile Usa Inc reported $11.0B in net income in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

EPS (Diluted)
$9.72
YoY+0.6%
5Y CAGR+29.7%
10Y CAGR+28.1%

T Mobile Usa Inc 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

Free Cash Flow
$18.0B
YoY+33.8%

T Mobile Usa Inc 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.

Cash & Debt
$5.6B
YoY+3.5%
5Y CAGR-11.6%
10Y CAGR+2.0%

T Mobile Usa Inc held $5.6B in cash against $81.1B in long-term debt as of fiscal year 2025.

Dividends Per Share
$3.80
YoY+2.4%

T Mobile Usa Inc paid $3.80 per share in dividends in fiscal year 2025. This represents an increase of 2.4% from the prior year.

Shares Outstanding
1.10B
YoY-3.5%
5Y CAGR-2.4%
10Y CAGR+3.0%

T Mobile Usa Inc had 1.10B shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
20.7%
YoY-1.4pp
5Y CAGR+11.0pp
10Y CAGR+13.1pp

T Mobile Usa Inc'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.

Net Margin
12.4%
YoY-1.5pp
5Y CAGR+8.0pp
10Y CAGR+10.2pp

T Mobile Usa Inc'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.

Return on Equity
18.6%
YoY+0.2pp
5Y CAGR+13.9pp
10Y CAGR+14.1pp

T Mobile Usa Inc'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

R&D Spending
N/A
Share Buybacks
$10.0B
YoY-11.2%
5Y CAGR-12.6%

T Mobile Usa Inc 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.

Capital Expenditures
$10.0B
YoY+12.6%
5Y CAGR-2.0%
10Y CAGR+7.7%

T Mobile Usa Inc 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.

TMUSZ 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

TMUSZ 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

TMUSZ 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

TMUSZ 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.

Frequently Asked Questions

T Mobile Usa Inc (TMUSZ) 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.

T Mobile Usa Inc (TMUSZ) revenue grew by 8.5% year-over-year, from $81.4B to $88.3B in fiscal year 2025.

Yes, T Mobile Usa Inc (TMUSZ) reported a net income of $11.0B in fiscal year 2025, with a net profit margin of 12.4%.

T Mobile Usa Inc (TMUSZ) reported diluted earnings per share of $9.72 for fiscal year 2025. This represents a 0.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

T Mobile Usa Inc (TMUSZ) had EBITDA of $31.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, T Mobile Usa Inc (TMUSZ) had $5.6B in cash and equivalents against $81.1B in long-term debt.

T Mobile Usa Inc (TMUSZ) had an operating margin of 20.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

T Mobile Usa Inc (TMUSZ) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, T Mobile Usa Inc (TMUSZ) paid $3.80 per share in dividends during fiscal year 2025.

T Mobile Usa Inc (TMUSZ) has a return on equity of 18.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

T Mobile Usa Inc (TMUSZ) 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.

T Mobile Usa Inc (TMUSZ) generated $27.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

T Mobile Usa Inc (TMUSZ) had $219.2B in total assets as of fiscal year 2025, including both current and long-term assets.

T Mobile Usa Inc (TMUSZ) invested $10.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, T Mobile Usa Inc (TMUSZ) spent $10.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

T Mobile Usa Inc (TMUSZ) had 1.10B shares outstanding as of fiscal year 2025.

T Mobile Usa Inc (TMUSZ) had a current ratio of 1.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

T Mobile Usa Inc (TMUSZ) 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.

T Mobile Usa Inc (TMUSZ) had a return on assets of 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

T Mobile Usa Inc (TMUSZ) 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.

T Mobile Usa Inc (TMUSZ) 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.

T Mobile Usa Inc (TMUSZ) 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.

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