Is the business good?
How good a business is TMUS?
T-Mobile US, Inc. earns 24% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
24%
Return on invested capital · cost of capital 9.0% · 15 points above what the capital costs: growth creates value
- Operating margin
- 20%
Operating margin · Telecom Services median 11% · 12 months to Q2 2026
- Cash conversion
- 1.74×
Cash conversion · 1.35× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −4.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 9.7% |
| FY2021 | 8.6% |
| FY2022 | 8.2% |
| FY2023 | 18% |
| FY2024 | 22% |
| FY2025 | 21% |
Details›
- Operating margin12 months to Q2 2026
- 20%
- Net margin12 months to Q2 2026
- 11%
- Free cash flow margin
- 20%
- Revenue, trailing twelve months
- $92.2B
- Free cash flow, trailing twelve months
- $18.4B
- Net income, trailing twelve months
- $10.6B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 24%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Telecom Services
Ranks #4 of 28 by Smart Score