Last 48 quarters of trend data · Communication Services · Telecommunications Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
T-Mobile US, Inc.'s quarterly P/E stands at 23.1x, down 10.5% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 18.2% YoY to 15.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 18.69 | 23.13 | 27.00 | 24.83 | 20.97 | 25.84 | 21.56 | 19.77 | 17.69 | 20.40 | 24.00 | 19.24 | 18.67 |
| — | -10.5% | +25.3% | +25.6% | +18.6% | +26.7% | -10.2% | +2.7% | -5.3% | -11.0% | -19.1% | -77.1% | — | |
| P/S Ratio | 2.23 | 2.50 | 2.33 | 3.07 | 3.20 | 3.65 | 2.96 | 3.00 | 2.61 | 2.48 | 2.36 | 2.14 | 2.16 |
| — | -31.5% | -21.3% | +2.5% | +22.5% | +47.6% | +25.5% | +40.2% | +20.8% | +9.6% | +9.6% | -1.5% | +1.0% | |
| P/B Ratio | 3.47 | 4.14 | 3.83 | 4.46 | 4.42 | 5.00 | 4.19 | 3.76 | 3.30 | 3.13 | 2.99 | 2.54 | 2.53 |
| — | -17.1% | -8.6% | +18.6% | +34.2% | +59.8% | +40.5% | +47.9% | +30.6% | +18.0% | +19.1% | +5.6% | +4.8% | |
| P/FCF | 19.01 | 12.58 | 13.55 | — | 14.71 | 17.36 | 25.88 | 34.33 | 15.53 | 20.25 | 19.42 | 14.95 | 27.08 |
| — | -27.5% | -47.6% | — | -5.3% | -14.3% | +33.2% | +129.7% | -42.6% | -55.4% | -58.1% | -86.0% | -66.5% | |
| EV / EBITDA | 9.71 | 15.30 | 11.27 | 11.69 | 11.30 | 12.95 | 11.89 | 10.95 | 9.97 | 10.28 | 11.07 | 10.07 | 9.99 |
| — | +18.2% | -5.2% | +6.7% | +13.3% | +25.9% | +7.4% | +8.7% | -0.2% | -5.4% | -5.6% | -33.0% | -39.5% | |
| EV / EBIT | 16.71 | 26.86 | 22.23 | 22.02 | 18.17 | 21.78 | 19.66 | 18.11 | 17.00 | 18.86 | 21.56 | 18.79 | 18.16 |
| — | +23.3% | +13.1% | +21.6% | +6.9% | +15.5% | -8.8% | -3.6% | -6.4% | -10.4% | -15.9% | -65.2% | -82.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
T-Mobile US, Inc.'s operating margin was 19.5% in Q1 2026, up 3.6 pp QoQ and down 3.5 pp YoY. The trailing four-quarter average of 20.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 4.3% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.6% | 61.8% | 42.5% | 49.3% | 65.1% | 64.6% | 59.8% | 65.1% | 65.9% | 63.8% | 59.0% | 62.9% | 63.5% |
| — | -4.3% | -29.0% | -24.3% | -1.1% | +1.2% | +1.4% | +3.5% | +3.7% | +4.6% | +3.1% | +13.7% | +18.8% | |
| Operating Margin | 21.2% | 19.5% | 15.9% | 22.1% | 24.7% | 23.0% | 21.0% | 23.8% | 23.4% | 20.4% | 17.0% | 18.7% | 19.8% |
| — | -15.3% | -24.3% | -6.9% | +5.3% | +12.6% | +23.4% | +27.4% | +18.5% | +17.9% | +25.4% | +184.0% | +449.1% | |
| Net Margin | 12.4% | 10.8% | 8.6% | 12.4% | 15.2% | 14.1% | 13.6% | 15.2% | 14.8% | 12.1% | 9.8% | 11.1% | 11.6% |
| — | -23.4% | -36.6% | -18.5% | +3.1% | +16.7% | +38.6% | +36.4% | +27.9% | +22.6% | +35.0% | +326.6% | +2210.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.2% | 4.4% | 3.5% | 4.5% | 5.3% | 4.8% | 4.7% | 4.8% | 4.7% | 3.7% | 3.1% | 3.3% | 3.3% |
| — | -9.5% | -25.7% | -7.4% | +12.4% | +28.4% | +52.0% | +46.8% | +40.1% | +31.8% | +47.3% | +353.1% | +2269.8% | |
| ROA | 5.1% | 1.2% | 1.0% | 1.3% | 1.5% | 1.4% | 1.4% | 1.5% | 1.4% | 1.1% | 1.0% | 1.0% | 1.1% |
| — | -17.4% | -32.3% | -13.5% | +6.9% | +21.8% | +47.1% | +42.8% | +33.6% | +24.6% | +39.2% | +325.5% | +2153.9% | |
| ROIC | 8.1% | 1.9% | 1.6% | 2.1% | 2.3% | 2.1% | 2.0% | 2.1% | 2.0% | 1.7% | 1.5% | 1.5% | 1.6% |
| — | -7.7% | -18.6% | -0.2% | +13.5% | +21.1% | +33.6% | +36.6% | +25.8% | +21.0% | +29.7% | +186.5% | +445.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
T-Mobile US, Inc.'s Debt/EBITDA ratio is 20.8x, up from 16.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 6.4% YoY to 1.09x, tightening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.07 | 2.11 | 2.07 | 1.99 | 1.93 | 1.98 | 1.85 | 1.81 | 1.82 | 1.86 | 1.75 | 1.76 | 1.77 |
| — | +6.5% | +11.5% | +10.2% | +5.8% | +6.2% | +6.0% | +2.7% | +2.8% | +9.5% | +8.9% | +8.2% | +10.8% | |
| Debt / EBITDA | 3.79 | 20.85 | 16.05 | 14.56 | 14.10 | 15.12 | 14.79 | 14.62 | 14.49 | 15.70 | 16.64 | 16.79 | 16.88 |
| — | +37.9% | +8.5% | -0.4% | -2.7% | -3.7% | -11.1% | -13.0% | -14.2% | -9.1% | -10.6% | -32.4% | -36.7% | |
| Current Ratio | 1.00 | 1.09 | 1.00 | 0.89 | 1.21 | 1.16 | 0.91 | 1.08 | 0.84 | 0.94 | 0.91 | 0.86 | 0.82 |
| — | -6.4% | +9.4% | -16.9% | +44.6% | +23.8% | +0.4% | +25.0% | +1.7% | +18.5% | +17.9% | +5.8% | -2.8% | |
| Quick Ratio | 0.90 | 0.97 | 0.90 | 0.80 | 1.13 | 1.08 | 0.83 | 0.99 | 0.78 | 0.86 | 0.83 | 0.78 | 0.77 |
| — | -9.9% | +8.1% | -19.6% | +45.4% | +24.9% | +0.5% | +26.5% | +1.6% | +20.3% | +19.3% | +7.5% | +3.9% | |
| Interest Coverage | 5.33 | 3.12 | 4.08 | 5.10 | 5.64 | 5.19 | 5.56 | 5.75 | 5.41 | 4.57 | 4.11 | 4.60 | 4.41 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying TMUS stock.
T-Mobile US, Inc.'s current P/E is 18.7x. The average P/E over the last 4 quarters is 24.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
T-Mobile US, Inc.'s current operating margin is 21.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking T-Mobile US, Inc.'s business trajectory between earnings reports.