Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

T-Mobile US

TMUS stock analysis · Communication Services · Wireless Telecommunication Services

FY 2025-12-31ANNUAL FILINGS
Compare ⇄
These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$167.73HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$180.3B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$254.29

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · 51.6% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

-4.6%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-17.8%

13 sector peers · median 13.5×

How this is calculated ↗
Valuation

Historical multiples

47.3×

7 annual observations · snapshot P/E 16.4× · -65.3% versus history

How this is calculated ↗
Valuation

Free cash flow yield

10.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

10.2%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

51/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

5.4%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-7.9%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

3.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 28B2020-12-31: cfo $8,640,000,000.002020-12-31: capex $11,034,000,000.0020202021-12-31: cfo $13,917,000,000.002021-12-31: capex $12,326,000,000.0020212022-12-31: cfo $16,781,000,000.002022-12-31: capex $13,970,000,000.0020222023-12-31: cfo $18,559,000,000.002023-12-31: capex $9,801,000,000.0020232024-12-31: cfo $22,293,000,000.002024-12-31: capex $8,840,000,000.0020242025-12-31: cfo $27,950,000,000.002025-12-31: capex $9,955,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$318.95$348.01$379.25
10.0%$233.73$254.29$276.37
12.0%$184.39$200.08$216.91

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3188.3B11B28B10B219.2B
2024-12-3181.4B11.3B22.3B8.8B208B
2023-12-3178.6B8.3B18.6B9.8B207.7B
2022-12-3179.6B2.6B16.8B14B211.3B
2021-12-3180.1B3B13.9B12.3B206.6B
2020-12-3168.4B3.1B8.6B11B200.2B
2019-12-3145B3.5B6.8B6.4B86.9B
2018-12-3143.3B2.9B3.9B5.5B72.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue88.3BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-11
netIncome11BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-11
Parent/common earnings proxy11BNetIncomeLoss2026-02-11
cfo28BNetCashProvidedByUsedInOperatingActivities2026-02-11
capex10BPaymentsToAcquirePropertyPlantAndEquipment2026-02-11
operatingIncome18.3BOperatingIncomeLoss2026-02-11
assets219.2BAssets2026-02-11
equity59.2BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-11
Parent book equity proxy59.2BStockholdersEquity2026-02-11
debt86.3BLongTermDebt2026-02-11
shortDebt5.1BShortTermBorrowings2026-02-11
cash5.6BCashAndCashEquivalentsAtCarryingValue2026-02-11
shares1.1BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-11
dividends4.1BPaymentsOfDividendsCommonStock2026-02-11
buybacks10BPaymentsForRepurchaseOfCommonStock2026-02-11
issuanceNot reported under a supported tag