T-Mobile US, Inc. (TMUS) Financial Ratios
26 years of historical data (2000–2025) · Communication Services · Telecommunications Services
EV/EBITDA
↑
10.13
↓-13% vs avg
5yr avg: 11.68
30Y Low3.9·High14.0
P/FCF
↓
20.32
↓-16% vs avg
5yr avg: 24.33
30Y Low10.6·High176.7
P/B Ratio
↑
3.71
+18% vs avg
5yr avg: 3.14
30Y Low0.6·High4.2
ROE
↑
18.2%
↓+60% vs avg
5yr avg: 11.3%
30Y Low-295%·High44%
Debt/EBITDA
↓
3.79
↓-13% vs avg
5yr avg: 4.38
30Y Low0.2·High7.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TMUS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
T-Mobile US, Inc. trades at 20.0x earnings, 45% below its 5-year average of 36.6x, sitting at the 33rd percentile of its historical range. Compared to the Communication Services sector median P/E of 15.4x, the stock trades at a premium of 30%. On a free-cash-flow basis, the stock trades at 20.3x P/FCF, 16% below the 5-year average of 24.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $210.2B | $229.7B | $259.0B | $192.4B | $175.8B | $145.5B | $155.7B | $67.7B | $54.6B | $55.4B | $47.9B |
| Enterprise Value | $326.8B | $346.3B | $368.0B | $301.1B | $283.0B | $247.7B | $252.6B | $108.5B | $69.8B | $85.1B | $67.2B |
| P/E Ratio → | 19.98 | 20.89 | 22.85 | 23.14 | 67.96 | 48.12 | 50.89 | 19.51 | 18.93 | 12.21 | 34.03 |
| P/S Ratio | 2.38 | 2.60 | 3.18 | 2.45 | 2.21 | 1.82 | 2.28 | 1.50 | 1.26 | 1.36 | 1.28 |
| P/B Ratio | 3.71 | 3.88 | 4.19 | 2.97 | 2.52 | 2.11 | 2.38 | 2.35 | 2.21 | 2.45 | 2.63 |
| P/FCF | 20.32 | 22.20 | 25.94 | 24.84 | — | — | — | — | — | — | — |
| P/OCF | 7.52 | 8.22 | 11.62 | 10.37 | 10.47 | 10.46 | 18.02 | 9.92 | 14.00 | 14.45 | 7.81 |
P/E links to full P/E history page with 30-year chart
TMUS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
T-Mobile US, Inc.'s enterprise value stands at 10.1x EBITDA, 13% below its 5-year average of 11.7x. The Communication Services sector median is 9.0x, placing the stock at a 12% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.92 | 4.52 | 3.83 | 3.56 | 3.09 | 3.69 | 2.41 | 1.61 | 2.09 | 1.79 |
| EV / EBITDA | 10.13 | 10.74 | 11.90 | 11.12 | 14.02 | 10.64 | 12.15 | 8.80 | 5.91 | 7.82 | 6.53 |
| EV / EBIT | 17.44 | 18.48 | 20.30 | 21.01 | 43.48 | 37.01 | 40.54 | 18.91 | 13.23 | 17.60 | 16.57 |
| EV / FCF | — | 33.48 | 36.86 | 38.87 | — | — | — | — | — | — | — |
TMUS Profitability
Margins and return-on-capital ratios measuring operating efficiency
T-Mobile US, Inc. earns an operating margin of 21.2%. Operating margins have expanded from 18.2% to 21.2% over the past 3 years, signaling improving operational efficiency. ROE of 18.2% indicates solid capital efficiency. ROIC of 8.1% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.6% | 47.6% | 63.6% | 61.6% | 54.5% | 54.3% | 58.7% | 58.8% | 57.6% | 56.4% | 55.9% |
| Operating Margin | 21.2% | 21.2% | 22.1% | 18.2% | 8.2% | 8.6% | 9.7% | 12.7% | 12.3% | 12.0% | 10.8% |
| Net Profit Margin | 12.4% | 12.4% | 13.9% | 10.6% | 3.3% | 3.8% | 4.5% | 7.7% | 6.7% | 11.2% | 3.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.2% | 18.2% | 17.9% | 12.4% | 3.7% | 4.5% | 6.5% | 13.0% | 12.2% | 22.2% | 8.4% |
| ROA | 5.1% | 5.1% | 5.5% | 4.0% | 1.2% | 1.5% | 2.1% | 4.4% | 4.0% | 6.6% | 2.3% |
| ROIC | 8.1% | 8.1% | 7.8% | 6.1% | 2.8% | 3.1% | 4.3% | 7.8% | 8.6% | 8.2% | 8.3% |
| ROCE | 9.8% | 9.8% | 9.6% | 7.6% | 3.5% | 3.8% | 5.2% | 8.4% | 8.8% | 8.4% | 7.4% |
TMUS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
T-Mobile US, Inc. carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (8% above the sector average of 3.5x). Net debt stands at $116.7B ($122.3B total debt minus $5.6B cash). Interest coverage of 5.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.07 | 2.07 | 1.85 | 1.76 | 1.60 | 1.57 | 1.64 | 1.47 | 0.66 | 1.37 | 1.36 |
| Debt / EBITDA | 3.79 | 3.79 | 3.70 | 4.20 | 5.54 | 4.68 | 5.16 | 3.43 | 1.39 | 2.84 | 2.41 |
| Net Debt / Equity | — | 1.97 | 1.77 | 1.68 | 1.54 | 1.48 | 1.48 | 1.42 | 0.61 | 1.32 | 1.06 |
| Net Debt / EBITDA | 3.62 | 3.62 | 3.52 | 4.01 | 5.31 | 4.39 | 4.66 | 3.31 | 1.29 | 2.73 | 1.88 |
| Debt / FCF | — | 11.28 | 10.92 | 14.03 | — | — | — | — | — | — | — |
| Interest Coverage | 5.33 | 5.33 | 5.31 | 4.30 | 1.94 | 2.00 | 2.31 | 5.06 | 3.89 | 2.89 | 2.35 |
TMUS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 1.00x is below 1.0, meaning current liabilities exceed current assets — though the company's $5.6B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.91x to 1.00x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.00 | 1.00 | 0.91 | 0.91 | 0.77 | 0.89 | 1.10 | 0.74 | 0.81 | 0.77 | 1.58 |
| Quick Ratio | 0.90 | 0.90 | 0.83 | 0.83 | 0.69 | 0.78 | 0.98 | 0.67 | 0.70 | 0.64 | 1.45 |
| Cash Ratio | 0.23 | 0.23 | 0.27 | 0.25 | 0.18 | 0.28 | 0.48 | 0.12 | 0.12 | 0.11 | 0.61 |
| Asset Turnover | — | 0.40 | 0.39 | 0.38 | 0.38 | 0.39 | 0.34 | 0.52 | 0.60 | 0.58 | 0.57 |
| Inventory Turnover | 19.23 | 19.23 | 18.45 | 17.99 | 19.22 | 14.26 | 11.19 | 19.21 | 16.93 | 11.31 | 14.90 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TMUS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
T-Mobile US, Inc. returns 6.6% to shareholders annually — split between a 1.9% dividend yield and 4.7% buyback yield. The payout ratio of 37.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 1.8% | 1.3% | 0.4% | — | — | — | — | — | 0.1% | 0.1% |
| Payout Ratio | 37.5% | 37.5% | 29.1% | 9.0% | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 4.8% | 4.4% | 4.3% | 1.5% | 2.1% | 2.0% | 5.1% | 5.3% | 8.2% | 2.9% |
| FCF Yield | 4.9% | 4.5% | 3.9% | 4.0% | — | — | — | — | — | — | — |
| Buyback Yield | 4.7% | 4.3% | 4.3% | 6.8% | 1.7% | 0.2% | 12.5% | 0.2% | 2.0% | 0.8% | 0.0% |
| Total Shareholder Yield | 6.6% | 6.1% | 5.6% | 7.2% | 1.7% | 0.2% | 12.5% | 0.2% | 2.0% | 0.9% | 0.1% |
| Shares Outstanding | — | $1.1B | $1.2B | $1.2B | $1.3B | $1.3B | $1.2B | $863M | $858M | $872M | $833M |
Peer Comparison
Compare TMUS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TMUSYou | $210B | 20.0 | 10.1 | 20.3 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 VZ | $199B | 11.6 | 8.0 | 9.9 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 T | $176B | 8.3 | 7.4 | 9.1 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 LUMN | $9B | -4.8 | 9.9 | 23.5 | 46.5% | -1.5% | — | -0.8% | 6.9 |
 CABO | $345M | -1.0 | 4.6 | 1.2 | 51.3% | 26.5% | -22.1% | 6.1% | 4.3 |
 CHTR | $20B | 4.4 | 5.3 | 4.6 | 46.3% | 24.3% | 24.8% | 8.6% | 4.4 |
 CMCSA | $96B | 4.9 | 5.3 | 4.4 | 60.1% | 16.7% | 21.6% | 8.2% | 3.0 |
 QCOM | $214B | 40.4 | 15.9 | 16.7 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 ERIC | $36B | 13.6 | 8.9 | 11.8 | 48.1% | 13.8% | 26.3% | 22.3% | 1.2 |
 NOK | $71B | 95.8 | 31.6 | 42.9 | 43.5% | 3.9% | 3.1% | 3.0% | 2.7 |
 AAPL | $4.2T | 38.5 | 29.7 | 42.7 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
| Communication Services Median | — | 15.4 | 9.0 | 11.8 | 48.3% | 0.7% | 2.2% | 3.0% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 26 years · Updated daily
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Start ComparisonTMUS — Frequently Asked Questions
Quick answers to the most common questions about buying TMUS stock.
What is T-Mobile US, Inc.'s P/E ratio?
T-Mobile US, Inc.'s current P/E ratio is 20.0x. The historical average is 34.5x. This places it at the 33th percentile of its historical range.
What is T-Mobile US, Inc.'s EV/EBITDA?
T-Mobile US, Inc.'s current EV/EBITDA is 10.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
What is T-Mobile US, Inc.'s ROE?
T-Mobile US, Inc.'s return on equity (ROE) is 18.2%. The historical average is -0.6%.
Is TMUS stock overvalued?
Based on historical data, T-Mobile US, Inc. is trading at a P/E of 20.0x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is T-Mobile US, Inc.'s dividend yield?
T-Mobile US, Inc.'s current dividend yield is 1.88% with a payout ratio of 37.5%.
What are T-Mobile US, Inc.'s profit margins?
T-Mobile US, Inc. has 47.6% gross margin and 21.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does T-Mobile US, Inc. have?
T-Mobile US, Inc.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.