T-Mobile US, Inc. (TMUS)
Communication Services · Wireless Telecommunication Services · US stock · S&P 500 component
$158.79
▲ +5.04 (3.28%)
Fair valueUndervalued
$236 +48.4% to fair value
$118fair band $201–$286$353
Day's range
$155.58 – $159.41
52-week range
$147.90 – $227.89
About T-Mobile US, Inc.
T-Mobile US is a wireless carrier that provides mobile phone, data and home internet services to consumers and businesses in the United States. It operates a large nationwide network and sells devices through retail stores, online and through partners. Revenue comes mainly from monthly service plans, along with device sales and financing, and it grew its scale after merging with Sprint.
T-Mobile US, Inc. generated $92.2 billion in revenue during the last twelve months. The three-year revenue growth rate is 3.5% a year. Operating margin stands at 19.8%, showing profit left after running costs. Return on invested capital stands at 23%. Net debt is 0.1 times of EBITDA. A dividend is paid, with a yield of 2.6%. The X-Ray Score is 69 out of 100.
Price chart
52-wk range $147.90 – $227.89Volume 5,691,487Daily, split-adjusted
Vitals
Market cap$171.9B
52-week range$147.90 – $227.89
Volume (last day)5,691,487
P/E (TTM)16.7
EBIT / EV yield10.4%
Free-cash-flow yield10.7%
Dividend yield2.6%
Revenue (TTM)$92.2B
Net income (TTM)$10.6B
Operating margin19.8%
Return on capital23.4%
Debt incl. leases$6.1B
Cash & securities$2.8B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$236middle half of models $203 – $277
Undervalued
+48.4% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $159
Undervalued < $201Fair $201 – $286Overvalued > $286
P/E multiple
$169
P/B multiple
$155
P/S multiple
$175
EV/EBITDA multiple
$212
EV/EBIT multiple
$242
EV/revenue multiple
$199
10-year DCF, EBITDA exit
$278
5-year DCF, EBITDA exit
$245
10-year DCF, revenue exit
$273
5-year DCF, revenue exit
$238
10-year DCF, growth exit
$309
5-year DCF, growth exit
$282
Dividend discount, stable
$238
Dividend discount, multi-stage · not used
$507
Earnings power value
$281
Growth the price implies
-5.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Communication Services peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
91/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield10.4%
Free-cash-flow yield10.7%
Fair value vs price1.5×
Growth
Fair
68/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)3.5%
EPS growth (3y)67.7%
Growth consistency90%
Profitability
Fair
60/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital23.4%
Operating margin19.8%
Financial health
Fair
56/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.1×
Interest coverNo interest cost
Dividends
Fair
59/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.6%
Dividends vs free cash flow24%
Quarterly results: last 6 quarters
+6.6%
Mar '25
+6.9%
Jun '25
+8.9%
Sep '25
+11.3%
Dec '25
+10.6%
Mar '26
+7.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $22.8B, diluted EPS $2.99.
Compare with peers
ECHO EchoStar CORP11Other Wireless Telecommunication Services companies by X-Ray Score.
SWOT analysis: T-Mobile US, Inc.
Strengthsinside the company
- Return on invested capital is 23.4%, against a median of 8.9% for sector peers.
- Earnings per share have compounded at 67.7% a year over three years.
- Free cash flow equals 10.7% of the market value, which funds dividends, buybacks or debt paydown.
- Net debt is only 0.1x EBITDA.
Weaknessesinside the company
- Altman Z-score of 1.3 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Revenue growth picked up to 8.5% last year from 3.5% a year over three years.
- Dividends use only 24% of free cash flow, which leaves room to raise them.
- Trades at 16.3x earnings, 22% below the 20.8x median of sector peers.
- The price is 48% below our fair value estimate, with the gap larger than the margin we allow for error.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare TMUS with peers and sector
Medians of 17 Communication Services peers and of 17 Communication Services stocks in our universe.
Largest peers (X-Ray Score): GOOG 50, META 58, NFLX 58, CCZ 48, DIS 56, VZ 49.
| Metric | TMUS | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 69 | 51 | 51 |
| Valuation | 91 | 50 | 50 |
| Growth | 68 | 48 | 48 |
| Profitability | 60 | 52 | 52 |
| Financial health | 56 | 51 | 51 |
| Dividends | 59 | 46 | 46 |
Sector leaders: highest X-Ray Score in Communication Services
TMUS ranks #3 of 18 in Communication Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for TMUS
Each factor is rated by where TMUS stands among the 18 Communication Services stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 9 Good · 11 Average · 1 Bad of 21
Growth: 1 · 1 · 1
Profitability: 1 · 3 · 0
Financial strength: 2 · 2 · 0
Valuation: 2 · 3 · 0
Cash flow: 2 · 2 · 0
Efficiency: 1 · 0 · 0
| Factor | TMUS | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +3.5% | Bad beats 31% | +5.6% | – | – |
| Revenue growth, last year | +8.5% | Average beats 53% | +7.7% | +3.6% | ▲ Better |
| EPS growth, 3 years a year | +67.7% | Good beats 97% | +6.6% | – | – |
| Profitability | |||||
| Operating margin | 19.8% | Average beats 53% | 19.3% | 18.2% | ≈ In line |
| Net margin | 11.5% | Average beats 53% | 10.6% | 10.6% | ≈ In line |
| Return on invested capital | 23.4% | Good beats 69% | 10.4% | – | – |
| Return on equity | 18.8% | Average beats 53% | 17.9% | 12.9% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 0.1x | Good beats 72% | 1.4x | 2.6x | ▲ Better |
| Interest cover | 50.0x | Good beats 78% | 11.8x | – | – |
| Current ratio | 0.92 | Average beats 36% | 1.10 | 0.91 | ≈ In line |
| Piotroski F-score | 6 / 9 | Average beats 44% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 16.3x | Average beats 62% | 20.8x | 23.1x | ▲ Better |
| Price / book | 3.1x | Average beats 47% | 2.8x | 3.0x | ≈ In line |
| Price / sales | 1.9x | Average beats 58% | 2.0x | 2.4x | ▲ Better |
| EV / EBITDA | 5.4x | Good beats 91% | 13.4x | 9.8x | ▲ Better |
| Free cash flow yield | 10.7% | Good beats 81% | 3.9% | 4.6% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 20.0% | Average beats 66% | 15.7% | 11.1% | ▲ Better |
| Cash from operations / net income | 2.73 | Average beats 63% | 1.98 | 2.54 | ≈ In line |
| Free cash flow growth, 3 years a year | +85.7% | Good beats 96% | +11.7% | – | – |
| Accruals (lower is better) | −8.6% | Good beats 72% | −5.8% | – | – |
| Efficiency | |||||
| Days sales outstanding | 21 days | Good beats 97% | 47 days | 20 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 5 Average · ● 1 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 71/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $80.1B | $79.6B | $78.6B | $81.4B | $88.3B |
| Operating income | $6.9B | $6.5B | $14.3B | $18.0B | $18.3B |
| Net income | $3.0B | $2.6B | $8.3B | $11.3B | $11.0B |
| Operating cash flow | $13.9B | $16.8B | $18.6B | $22.3B | $28.0B |
| Operating margin | 8.6% | 8.2% | 18.2% | 22.1% | 20.7% |
| Free cash flow | $1.6B | $2.8B | $8.8B | $13.5B | $18.0B |
| Diluted EPS | $2.41 | $2.06 | $6.93 | $9.66 | $9.72 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
2 bullish · 4 neutral · 10 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 155.4 | Bullish |
| EMA 10 | 157.8 | Bullish |
| SMA 20 | 160.4 | Bearish |
| EMA 20 | 160.7 | Bearish |
| SMA 50 | 170.9 | Bearish |
| EMA 50 | 167.8 | Bearish |
| SMA 100 | 175.7 | Bearish |
| EMA 100 | 175.0 | Bearish |
| SMA 200 | 186.8 | Bearish |
| EMA 200 | 185.1 | Bearish |
Oscillators (daily)
| RSI (14) | 45.53 | Neutral |
| MACD (12, 26) | -4.10 | Bearish |
| Momentum (12) | -4.30 | Bearish |
| Stochastic %K (14) | 45.56 | Neutral |
| Williams %R (14) | -54.44 | Neutral |
| CCI (20) | -35.12 | Neutral |
Pivot points (classic, last session)
S3 152.6 | S2 154.1 | S1 156.4 | Pivot 157.9 | R1 160.3 | R2 161.8 | R3 164.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.08 USD
Yield on today's price
2.57%
Frequency
Quarterly
Next ex-dividend date
25 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 1.1700 |
| 1.0200 | |
| 1.0200 | |
| 1.0200 | |
| 1.0200 | |
| 0.8800 | |
| 0.8800 | |
| 0.8800 | |
| 0.8800 | |
| 0.6500 | |
| 0.6500 | |
| 0.6500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold TMUS
| ETF | Share of the fund |
|---|---|
| XLC Communication Services Select Sector S... | 4.15% |
| IYZ iShares U.S. Telecommunications | 3.34% |
| FCOM Fidelity MSCI Communication Services I... | 3.22% |
| VOX Vanguard Communication Services | 2.49% |
| VFLO VictoryShares Free Cash Flow | 2.26% |
| TDIV First Trust NASDAQ Technology Dividend... | 1.92% |
| COWZ Pacer US Cash Cows 100 | 1.85% |
| DGRW WisdomTree U.S. Quality Dividend Growt... | 1.47% |
The eight funds with the largest weight in TMUS among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
TMUS stock splits
TMUS has split its stock once since 2013. The latest was a 1-for-2 reverse split on 1 May 2013.
Full TMUS stock split history →TMUS SEC filings
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.