T-Mobile US, Inc. (TMUS) Key Metrics
TMUS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $170.66B
- Enterprise value
- $294.31B
- P/E (TTM)
- 16.6 10-yr median 23.0
- Forward P/E
- 11.7
- PEG ratio
- 0.59
- Price / sales
- 1.9 10-yr median 2.0
- Price / book
- 3.2 10-yr median 2.5
- EV / EBITDA
- 9.1 10-yr median 10.9
- Dividend yield
- 2.94% $4.68 a year
- Beta
- 0.32
TMUS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTMUS valuation Price multiples at each fiscal year-end price.
TMUS returns How much profit the business earns on the capital it uses.
TMUS per-share figures Results divided by the shares outstanding at year-end.
TMUS financial health Debt, liquidity and how easily interest is covered.
TMUS efficiency & capital use Working capital cycle and where the cash goes.
TMUS valuation history
TMUS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TMUS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TMUS cash returned to shareholders
TMUS price vs earnings per share
TMUS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $229.65B | $258.96B | $192.44B | $175.75B | $145.53B | $155.72B | $67.71B | $54.60B | $55.37B | $47.91B |
| Enterprise value | $346.32B | $367.96B | $301.13B | $283.04B | $247.71B | $252.58B | $108.52B | $68.91B | $85.06B | $67.22B |
| P/E ratio | 20.9 | 22.8 | 23.1 | 67.9 | 48.1 | 50.8 | 19.5 | 18.9 | 12.2 | 32.8 |
| Price / sales | 2.6 | 3.2 | 2.4 | 2.2 | 1.8 | 2.3 | 1.5 | 1.3 | 1.4 | 1.3 |
| Price / book | 3.9 | 4.2 | 3.0 | 2.5 | 2.1 | 2.4 | 2.4 | 2.2 | 2.5 | 2.6 |
| Price / free cash flow | 12.8 | 25.9 | 24.8 | — | — | — | — | — | — | — |
| Price / operating cash flow | 8.2 | 11.6 | 10.4 | 10.5 | 10.5 | 18.0 | 9.9 | 14.0 | 14.5 | 7.8 |
| EV / sales | 3.9 | 4.5 | 3.8 | 3.6 | 3.1 | 3.7 | 2.4 | 1.6 | 2.1 | 1.8 |
| EV / EBITDA | 11.1 | 11.9 | 11.1 | 14.0 | 10.7 | 12.4 | 8.8 | 5.9 | 7.9 | 6.5 |
| EV / free cash flow | 19.2 | 36.9 | 38.9 | — | — | — | — | — | — | — |
| Earnings yield | 4.8% | 4.4% | 4.3% | 1.5% | 2.1% | 2.0% | 5.1% | 5.3% | 8.2% | 3.0% |
| Free cash flow yield | 7.8% | 3.9% | 4.0% | −0.3% | −5.3% | −2.4% | −0.8% | −3.2% | −13.1% | −5.3% |
| Dividend yield | 1.8% | 1.3% | 0.4% | 0.0% | 0.0% | 34.7% | 0.0% | 0.0% | 0.1% | 0.1% |
| Shareholder yield (dividends + buybacks) | 6.1% | 5.6% | 7.2% | 1.7% | 0.2% | 47.3% | 0.2% | 2.0% | 0.9% | 0.4% |
| Share price at fiscal year-end | $203.04 | $220.73 | $160.33 | $140.00 | $115.98 | $134.85 | $78.42 | $63.61 | $63.51 | $57.51 |
| Per share | ||||||||||
| Revenue per share | $78.08 | $69.38 | $65.45 | $63.38 | $63.85 | $59.23 | $52.12 | $50.46 | $46.58 | $45.00 |
| Earnings per share | $9.72 | $9.66 | $6.93 | $2.06 | $2.41 | $2.65 | $4.02 | $3.36 | $5.20 | $1.75 |
| Operating cash flow per share | $24.71 | $19.00 | $15.46 | $13.37 | $11.09 | $7.48 | $7.90 | $4.54 | $4.39 | $7.36 |
| Free cash flow per share | $15.91 | $8.51 | $6.46 | −$0.41 | −$6.20 | −$3.23 | −$0.62 | −$2.06 | −$8.30 | −$3.04 |
| Cash per share | $4.95 | $4.61 | $4.28 | $3.59 | $5.28 | $8.99 | $1.77 | $1.40 | $1.40 | $6.60 |
| Book value per share | $52.34 | $52.63 | $53.92 | $55.49 | $55.07 | $56.59 | $33.34 | $28.80 | $25.88 | $21.89 |
| Tangible book value per share | $36.85 | −$46.31 | −$39.03 | −$33.36 | −$32.22 | −$29.36 | −$11.26 | −$15.08 | −$16.87 | −$13.01 |
| Dividends per share | $3.64 | $2.81 | $0.62 | $0.00 | $0.00 | $46.83 | $0.00 | $0.00 | $0.06 | $0.07 |
| Capex per share | $8.80 | $10.49 | $9.01 | $13.78 | $17.29 | $10.71 | $8.52 | $6.60 | $12.69 | $10.41 |
| Debt per share | $108.10 | $97.51 | $94.83 | $89.05 | $86.72 | $92.87 | $49.03 | $18.08 | $35.45 | $29.78 |
| Shares outstanding | 1.13B | 1.17B | 1.20B | 1.26B | 1.25B | 1.15B | 863.4M | 858.3M | 871.8M | 833.1M |
| Change in shares outstanding | −3.6% | −2.3% | −4.4% | +0.0% | +8.7% | +33.7% | +0.6% | −1.5% | +4.6% | +1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.2% | 17.9% | 12.4% | 3.7% | 4.5% | 6.5% | 13.0% | 12.2% | 22.2% | 8.4% |
| Return on invested capital (ROIC) | 8.3% | 8.1% | 6.2% | 3.1% | 3.7% | 4.5% | 7.9% | 8.6% | 10.9% | 7.3% |
| Return on assets (ROA) | 5.1% | 5.5% | 4.0% | 1.2% | 1.5% | 2.1% | 4.4% | 4.0% | 6.6% | 2.3% |
| Return on tangible assets | 5.4% | 12.3% | 8.7% | 2.6% | 3.1% | 3.0% | 7.2% | 8.3% | 13.6% | 4.0% |
| Free cash flow margin | 20.4% | 12.3% | 9.9% | −0.7% | −9.7% | −5.4% | −1.2% | −4.1% | −17.8% | −6.8% |
| Income quality (OCF / net income) | 2.54 | 1.97 | 2.23 | 6.48 | 4.60 | 2.82 | 1.97 | 1.35 | 0.84 | 4.20 |
| Financial health | ||||||||||
| Total debt | $122.27B | $114.40B | $113.83B | $111.79B | $108.82B | $107.25B | $42.33B | $15.52B | $30.91B | $24.81B |
| Cash & short-term investments | $5.60B | $5.41B | $5.13B | $4.51B | $6.63B | $10.38B | $1.53B | $1.20B | $1.22B | $5.50B |
| Net debt | $116.67B | $109.00B | $108.69B | $107.28B | $102.19B | $96.86B | $40.81B | $14.32B | $29.69B | $19.31B |
| Debt / equity | 2.07 | 1.85 | 1.76 | 1.60 | 1.57 | 1.64 | 1.47 | 0.63 | 1.37 | 1.36 |
| Debt / assets | 0.56 | 0.55 | 0.55 | 0.53 | 0.53 | 0.54 | 0.49 | 0.21 | 0.44 | 0.38 |
| Net debt / EBITDA | 3.73 | 3.51 | 4.00 | 5.32 | 4.43 | 4.75 | 3.30 | 1.22 | 2.75 | 1.87 |
| Current ratio | 1.00 | 0.91 | 0.91 | 0.77 | 0.89 | 1.10 | 0.74 | 0.81 | 0.77 | 1.58 |
| Quick ratio | 0.90 | 0.83 | 0.83 | 0.69 | 0.78 | 0.98 | 0.67 | 0.70 | 0.64 | 1.45 |
| Interest coverage | 5.3 | 5.3 | 4.3 | 1.9 | 2.1 | 2.5 | 5.0 | 3.9 | 2.9 | 2.3 |
| Working capital | −$39.0M | −$1.77B | −$1.91B | −$5.67B | −$2.61B | $2.18B | −$3.20B | −$1.99B | −$2.60B | $5.20B |
| Invested capital | $175.87B | $170.74B | $173.41B | $176.94B | $171.29B | $162.21B | $69.59B | $39.04B | $52.25B | $37.54B |
| Tangible asset value | $41.68B | −$54.33B | −$46.84B | −$41.88B | −$40.42B | −$33.90B | −$9.72B | −$12.94B | −$14.71B | −$10.84B |
| Net current asset value | −$135.57B | −$127.89B | −$123.95B | −$122.61B | −$116.57B | −$110.93B | −$48.83B | −$39.47B | −$39.09B | −$33.44B |
| Graham number | $106.98 | $106.98 | $91.68 | $50.75 | $54.65 | $58.12 | $54.89 | $46.69 | $55.04 | $29.38 |
| Graham net-net per share | −$128.93 | −$113.87 | −$108.42 | −$102.80 | −$97.90 | −$101.56 | −$61.08 | −$49.83 | −$49.13 | −$46.46 |
| Capital allocation | ||||||||||
| Dividends paid | $4.12B | $3.30B | $747.0M | $0 | $0 | $54.08B | $0 | $0 | $55.0M | $55.0M |
| Share buybacks (net) | $9.97B | $11.23B | $13.07B | $3.00B | $316.0M | $19.54B | $156.0M | $1.07B | $427.0M | $121.0M |
| Dividend payout ratio | 37.5% | 29.1% | 9.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 1.2% | 3.8% |
| Dividends + buybacks / free cash flow | 78.3% | 145.5% | 178.4% | — | — | — | — | — | — | — |
| Capex / revenue | 11.3% | 15.1% | 13.8% | 21.7% | 27.1% | 18.1% | 16.4% | 13.1% | 27.3% | 23.1% |
| Capex / operating cash flow | 35.6% | 55.2% | 58.3% | 103.1% | 155.9% | 143.1% | 107.8% | 145.4% | 288.8% | 141.3% |
| Capex / depreciation | 0.74 | 0.95 | 0.84 | 1.27 | 1.32 | 0.87 | 1.11 | 0.87 | 1.85 | 1.39 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.8% | 0.7% | 0.7% | 1.0% | 1.1% | 1.0% | 0.8% | 0.6% |
| R&D / revenue | 0.3% | — | — | — | — | 0.3% | — | — | — | — |
| SG&A / revenue | 26.0% | 25.6% | 26.2% | 27.2% | 25.3% | 27.7% | 31.4% | 34.3% | 34.6% | 34.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 38.3 | 39.9 | 43.5 | 42.5 | 38.3 | 33.0 | 35.8 | 36.0 | 36.4 | 39.3 |
| Days of inventory on hand | 15.8 | 20.2 | 21.5 | 22.4 | 25.4 | 22.5 | 20.2 | 26.3 | 27.6 | 26.5 |
| Days payables outstanding | 32.3 | 53.0 | 72.8 | 69.1 | 60.1 | 63.8 | 96.7 | 116.0 | 116.9 | 124.6 |
| Cash conversion cycle (days) | 21.8 | 7.1 | -7.8 | -4.2 | 3.5 | -8.3 | -40.7 | -53.7 | -53.0 | -58.8 |
| Receivables turnover | 9.53 | 9.14 | 8.39 | 8.60 | 9.54 | 11.07 | 10.20 | 10.14 | 10.03 | 9.29 |
| Payables turnover | 11.31 | 6.88 | 5.01 | 5.28 | 6.07 | 5.72 | 3.78 | 3.15 | 3.12 | 2.93 |
| Inventory turnover | 23.05 | 18.05 | 16.95 | 16.27 | 14.37 | 16.19 | 18.09 | 13.85 | 13.23 | 13.76 |
| Asset turnover | 0.41 | 0.39 | 0.37 | 0.38 | 0.39 | 0.48 | 0.56 | 0.61 | 0.60 | 0.58 |
| Average receivables | $9.26B | $8.90B | $9.36B | $9.26B | $8.40B | $6.18B | $4.41B | $4.27B | $4.05B | $4.03B |
| Average payables | $4.09B | $4.31B | $6.02B | $6.86B | $6.03B | $4.94B | $4.90B | $5.83B | $5.67B | $5.65B |
| Average inventory | $2.01B | $1.64B | $1.78B | $2.23B | $2.55B | $1.75B | $1.02B | $1.32B | $1.34B | $1.20B |
| Intangibles / total assets | 8.0% | 55.8% | 53.7% | 52.8% | 53.0% | 49.6% | 44.3% | 52.0% | 52.8% | 44.1% |
Computed from TMUS's annual financial statements (latest annual report filed February 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TMUS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), T-Mobile traded at 20.9 times earnings, against a 10-year median of 23.0. Based on the latest twelve months, the trailing P/E is 16.6 and the forward P/E is 11.7. T-Mobile earned a return on equity of 18.2% and a return on invested capital of 8.3% in fiscal 2025. It ended the year with $122.3 billion of debt and $5.6 billion in cash and short-term investments, net debt of $116.7 billion. It returned $14.1 billion to shareholders: $4.1 billion in dividends and $10.0 billion in share buybacks, 78% of free cash flow. The share count rose 35.8% from 833.1M to 1.13B over 9 years.
See the TMUS income statement, the TMUS chart for price history, or the TMUS stock overview for the latest quote and news.
TMUS key metrics FAQ
What is T-Mobile's P/E ratio?
T-Mobile's trailing P/E ratio is 16.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.7. At the end of fiscal 2025 it was 20.9, compared with a 10-year median of 23.0.
What is T-Mobile's EV/EBITDA?
T-Mobile's enterprise value was 11.1 times EBITDA at the end of fiscal 2025 (enterprise value $346.3 billion, EBITDA $31.3 billion); the current EV/EBITDA is 9.1.
What is T-Mobile's return on equity?
T-Mobile's return on equity (ROE) was 18.2% in fiscal 2025: net income of $11.0 billion on average shareholders' equity of $60.5 billion.
What is T-Mobile's ROIC?
T-Mobile's return on invested capital was 8.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does T-Mobile have?
T-Mobile had total debt of $122.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.07 and $116.7 billion of net debt (3.73 times EBITDA).
What is T-Mobile's dividend yield?
T-Mobile's forward dividend yield is 2.94%. T-Mobile paid $4.1 billion in dividends in fiscal 2025 ($3.64 per share), a payout ratio of 37.5%.
Does T-Mobile buy back its shares?
Yes. T-Mobile spent $10.0 billion on net share repurchases in fiscal 2025 Shares outstanding changed −3.6% over the year, to 1.13B..
What is T-Mobile's free cash flow yield?
T-Mobile generated $18.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 7.8% on its market value at year-end ($229.7 billion).
What is T-Mobile's current ratio?
T-Mobile's current ratio was 1.00 at the end of fiscal 2025: current assets were 1.00 times current liabilities.