Valuation, from the filing
| Public float | $112.40B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $102.01 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 10.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
10.2× earnings today, against a median of 8.6× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $112.40B | 10.2× | |
| 2024-06-28 | $86.00B | 7.6× | |
| 2023-06-30 | $73.20B | 8.8× | |
| 2022-06-30 | $80.80B | 31.2× | |
| 2021-06-30 | $86.10B | 28.5× | |
| 2020-06-30 | $40.70B | 13.3× | |
| 2019-06-28 | $23.20B | 6.7× | |
| 2018-06-30 | $18.30B | 6.3× | |
| 2017-06-30 | $17.80B | 3.9× | |
| 2016-06-30 | $12.40B | 8.5× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Radiotelephone Communications filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Net margin | 12.4% | 75th | |
| Current ratio | 1.00x | 50th | |
| Revenue YoY growth | 8.5% | 50th |
T-Mobile US, Inc. (TMUS) reported revenue of $23.58B and net income of $3.46B for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from T-Mobile US, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Radiotelephone Communications.
Income
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.58B | $22.79B | $23.11B | $24.33B | $21.96B | $21.13B | $20.89B | $21.87B | $20.16B | $19.77B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $5.66B | $5.49B | $4.50B | $3.74B | $4.53B | $5.21B | $4.80B | $4.59B | $4.80B | $4.63B |
| Net income | $3.46B | $3.24B | $2.50B | $2.10B | $2.71B | $3.22B | $2.95B | $2.98B | $3.06B | $2.92B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 1.07B | shares 1.08B | shares 1.10B | Unavailable | shares 1.13B | shares 1.13B | shares 1.14B | Unavailable | shares 1.17B | shares 1.17B |
| Pretax income | $4.54B | $4.33B | $3.33B | $2.64B | $3.53B | $4.28B | $3.84B | $3.84B | $3.97B | $3.77B |
| Income tax expense | $1.08B | $1.09B | $830.00M | $532.00M | $814.00M | $1.06B | $885.00M | $858.00M | $908.00M | $843.00M |
| Diluted EPS | $3.22 | $2.99 | $2.27 | Unavailable | $2.41 | $2.84 | $2.58 | Unavailable | $2.61 | $2.49 |
| Selling, general & administrative | $6.02B | $5.83B | $5.97B | $6.57B | $6.02B | $5.40B | $5.49B | $5.35B | $5.19B | $5.14B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.62B | $2.82B | $3.52B | $5.60B | $3.31B | $10.26B | $12.00B | $5.41B | $9.75B | $6.42B |
| Total assets | $213.10B | $213.55B | $214.67B | $219.24B | $217.18B | $212.64B | $214.63B | $208.04B | $210.74B | $208.56B |
| Current assets | $21.84B | $21.77B | $22.12B | $24.46B | $21.70B | $26.77B | $27.44B | $18.40B | $22.53B | $19.30B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $23.99B | $23.55B | $20.34B | $24.50B | $24.30B | $22.10B | $23.63B | $20.17B | $20.96B | $23.04B |
| Total equity incl. NCI | $56.31B | $56.26B | $55.88B | $59.20B | $60.48B | $61.11B | $61.10B | $61.74B | $64.25B | $62.64B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $3.08B | $2.19B | $2.33B | $2.40B | $2.37B | $1.69B | $1.94B | $1.61B | $1.79B | $1.32B |
| Accounts receivable | $5.01B | $5.25B | $4.87B | $4.87B | $5.08B | $4.60B | $4.39B | $4.28B | $4.29B | $4.56B |
| Goodwill | $13.66B | $13.67B | $13.66B | $13.68B | $13.69B | $13.46B | $13.47B | $13.00B | $13.02B | $13.02B |
| Long-term debt | Unavailable | Unavailable | Unavailable | $81.15B | Unavailable | Unavailable | Unavailable | $74.20B | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.34B | $7.50B | $7.22B | $6.65B | $7.46B | $6.99B | $6.85B | $5.55B | $6.14B | $5.52B |
| Capital expenditures | $2.27B | $2.70B | $2.62B | $2.47B | $2.64B | $2.40B | $2.45B | $2.21B | $1.96B | $2.04B |
| Investing cash flow | $358.00M | -$3.05B | -$2.85B | -$2.50B | -$10.14B | -$1.56B | -$3.41B | -$2.30B | -$3.31B | -$1.68B |
| Financing cash flow | -$4.85B | -$5.18B | -$6.44B | -$1.83B | -$4.24B | -$7.20B | $3.19B | -$7.52B | $507.00M | -$4.13B |
| Net change in cash | $2.85B | -$734.00M | -$2.07B | $2.31B | -$6.92B | -$1.76B | $6.63B | -$4.27B | $3.34B | -$291.00M |
| Stock-based compensation | $197.00M | $214.00M | $209.00M | $216.00M | $227.00M | $200.00M | $186.00M | $175.00M | $170.00M | $164.00M |
| Common dividends paid | $1.09B | $1.10B | $1.12B | $1.14B | $987.00M | $996.00M | $1.00B | $1.01B | $758.00M | $759.00M |
| Common share repurchases | $2.42B | $2.32B | $4.83B | $2.45B | $2.48B | $2.56B | $2.49B | $4.69B | $560.00M | $2.39B |
| Depreciation & amortization | $3.45B | $3.43B | $3.82B | $3.76B | $3.41B | $3.15B | $3.20B | $3.15B | $3.15B | $3.25B |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $5.07B | $4.80B | $4.60B | $4.18B | $4.82B | $4.60B | $4.40B | $3.34B | $4.18B | $3.48B |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 24.0% | 24.1% | 19.5% | 15.4% | 20.6% | 24.7% | 23.0% | 21.0% | 23.8% | 23.4% |
| FCF margin | 21.5% | 21.0% | 19.9% | 17.2% | 21.9% | 21.7% | 21.0% | 15.3% | 20.7% | 17.6% |
| SBC / revenue | 0.8% | 0.9% | 0.9% | 0.9% | 1.0% | 0.9% | 0.9% | 0.8% | 0.8% | 0.8% |
| Current ratio | 0.91x | 0.92x | 1.09x | 1.00x | 0.89x | 1.21x | 1.16x | 0.91x | 1.08x | 0.84x |
| Revenue YoY growth | 7.4% | 7.9% | 10.6% | 11.3% | 8.9% | 6.9% | 6.6% | 6.8% | 4.7% | 3.0% |
| Net margin | 14.6% | 14.2% | 10.8% | 8.6% | 12.4% | 15.2% | 14.1% | 13.6% | 15.2% | 14.8% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 9.6% | 11.9% | 11.4% | 10.1% | 12.0% | 11.3% | 11.7% | 10.1% | 9.7% | 10.3% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.9% | 25.2% | 24.9% | 20.2% | 23.1% | 24.7% | 23.1% | 22.3% | 22.9% | 22.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TMUS in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.