T-Mobile US (TMUS) stock
Communication Services · Wireless Telecommunication Services
T-Mobile US (TMUS) is a Wireless Telecommunication Services company in the Communication Services sector, headquartered in Bellevue, Washington. As of October 23, 2026, TMUS closed at $146.54, a market capitalization of $157.19 billion, the 79th largest company in the S&P 500. Over the last twelve months it generated $92.19 billion in revenue (+8% year over year) and $16.24 billion in free cash flow. The stock trades at 15.3x trailing earnings and 10.2x forward earnings.
- 1-year total return: -32.0% (dividends reinvested)
- 5-year return: +5.7% a year
- 52-week range: $146.32 – $224.75
- Gross margin 63.1%, operating margin 25.2%
- Dividend yield: 3.19%, 2 straight years of increases
- FI Handbook report card: B across 10 metrics
- 7th largest of 22 Communication Services stocks in the S&P 500
TMUS price chart
1Y price change: -33.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| TMUS | -11.5% | -26.7% | -32.0% | +3.8% | +5.7% | +12.7% | +6.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2007.
TMUS key statistics
- Market cap
- $157.2B
- #79 in S&P 500
- P/E (TTM)
- 15.3x
- Forward P/E
- 10.2x
- EPS (TTM)
- $9.57
- Revenue (TTM)
- $92.2B
- +8%
- Free cash flow
- $16.2B
- Gross margin
- 63.1%
- Operating margin
- 25.2%
- Return on equity
- 18.0%
- Dividend yield
- 3.19%
- 52-week range
- $146.32 – $224.75
- Beta
- 0.32
- Price / sales
- 1.7x
- EV / EBITDA
- 8.0x
- Debt / equity
- 2.14x
- Employees
- 75,000
TMUS report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth7.9%C
- Gross margin63.1%A
- Operating margin25.2%B
- FCF margin17.6%B
- Return on equity18.0%B
- Net debt / EBITDA3.4xD
- Forward P/E10.2xA
- PEG ratio0.5xA
- Shareholder yield9.5%A
- Share count change / yr-0.4%C
T-Mobile US financials
Revenue went from $37.5B in fiscal 2016 to $88.3B in fiscal 2025, growing 10.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.5B | $40.6B | $43.3B | $45.0B | $68.4B | $80.1B | $79.6B | $78.6B | $81.4B | $88.3B |
| Gross profit | $26.7B | $29.0B | — | — | — | — | — | — | — | — |
| Operating income | $4.0B | $4.9B | $5.3B | $5.7B | $6.6B | $6.9B | $6.5B | $14.3B | $18.0B | $18.3B |
| Net income | $1.5B | $4.5B | $2.9B | $3.5B | $3.1B | $3.0B | $2.6B | $8.3B | $11.3B | $11.0B |
| EPS (diluted) | $1.69 | $5.20 | $3.36 | $4.02 | $2.65 | $2.41 | $2.06 | $6.93 | $9.66 | $9.72 |
| Free cash flow | -$1.9B | -$1.4B | -$1.6B | $433.0M | -$2.4B | $1.6B | $2.8B | $8.8B | $13.5B | $18.0B |
| Buybacks | $0 | $427.0M | $1.1B | $0 | $19.5B | $0 | $3.0B | $13.1B | $11.2B | $10.0B |
| Dividends paid | $55.0M | $55.0M | $0 | $0 | — | $0 | $0 | $747.0M | $3.3B | $4.1B |
| Diluted shares | 833.1M | 871.8M | 858.3M | 863.4M | 1.2B | 1.3B | 1.3B | 1.2B | 1.2B | 1.1B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into TMUS?
A reverse DCF asks what growth the current price requires. With an enterprise value of $274.8B and $16.2B of trailing free cash flow, T-Mobile US needs to grow free cash flow about 6.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 15.1x vs. median 31.9x (10th–90th percentile 15.6x–127.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
TMUS dividend
- Dividend yield
- 3.19%
- Annual dividend
- $4.68
- Years of increases
- 2
- 5-yr dividend growth
- —
- per year
- Payout ratio
- 41%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
TMUS earnings
Next report: October 28, 2026. T-Mobile US has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $22.8B (+8% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 23, 2026 | $2.60 | $2.99 | +14.9% |
| Apr 28, 2026 | $2.11 | $2.77 | +31.1% |
| Feb 11, 2026 | $2.06 | $1.88 | -8.9% |
| Oct 23, 2025 | $2.57 | $2.77 | +7.7% |
| Jul 23, 2025 | $2.68 | $2.85 | +6.1% |
| Apr 24, 2025 | $2.47 | $2.58 | +4.5% |
| Jan 29, 2025 | $2.38 | $2.59 | +8.9% |
| Oct 23, 2024 | $2.42 | $2.61 | +7.6% |
Stocks like TMUS
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|---|---|---|---|---|---|
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 META Meta Platforms | -0.96% | -12% | $1.6T | 21.9x | Compare |
 NFLX Netflix | -1.79% | -41% | $274.2B | 19.0x | Compare |
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TMUS news
- ‘Real consequences’: AT&T, Verizon and T-Mobile warn FCC as Elon Musk plots a SpaceX phone network for the US by 2028 · Oct 25, 2026
- Saturated Skies, Deep Pockets: Why T-Mobile’s $18B Cash Machine Faces Its Toughest Valuation Test Yet on Oct. 28 · Oct 24, 2026
- T-Mobile promised to 'never change the price you pay' — then hiked rates. New Yorkers just got back $38M in value · Oct 24, 2026
- SpaceX Just Made Cell Towers Cool Again. Verizon, AT&T, and T-Mobile Are Paying the Price · Oct 23, 2026
- VZ, TMUS, T Stocks Face Valuation Pressure From SpaceX Wireless Push But Tower Operators Stand To Gain, Says Citi · Oct 23, 2026
TMUS stock FAQ
What is TMUS's market cap?
T-Mobile US's market capitalization is $157.19 billion as of October 23, 2026, ranking 79th in the S&P 500.
What is TMUS's P/E ratio?
TMUS trades at a trailing price-to-earnings ratio of 15.3x and a forward P/E of 10.2x. Its median P/E over the period we track is 31.9x.
Does TMUS pay a dividend?
Yes. T-Mobile US pays $4.68 per share a year, a 3.19% yield. It has raised its dividend 2 years in a row.
How much has TMUS stock returned?
Including reinvested dividends, TMUS returned -32.0% over one year, +5.7% a year over five years, +12.7% a year over ten years through October 23, 2026.
Is TMUS stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies T-Mobile US must grow free cash flow about 6% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does TMUS report earnings?
T-Mobile US is expected to report earnings on October 28, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does T-Mobile US have?
T-Mobile US has about 75,000 full-time employees, or $1.2 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology