Reading the tape
NASDAQ: TMUS
T-Mobile US, Inc.
Communication Services · Telecommunications Services
Market Cap
$210.54B
52w High
$261.56
52w Low
$181.36
P/E
20.30
Volume
1.52M
Outstanding Shares
1.08B
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
1Y Price: -21.56%Revenue (TTM): 9.48%FCF (TTM): 51.88%P/FCF: 0th pct
What changed
The stock fell 21.56% over the last year. Revenue grew 9.48% over the trailing twelve months. Operating margin moved from 22.75% to 20.36%. Free cash flow grew 51.88% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 20.36%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands.
CEOSrinivasan Gopalan
SectorCommunication Services
IndustryTelecommunications Services
Employees70,000
IPO dateApr 19, 2007
Valuation
Forward P/E—
EV/EBITDA10.72
Enterprise value$345.7B
Stock splits
May 1, 2013↓ Reverse
Every 2 shares became 1
Profitability & growth
Revenue growth10.63%
Gross margin54.34%▼25.06%vs FY2024
Operating margin20.36%▼4.07%vs FY2024
ROE18.57%▲1.10%vs FY2024
Analyst consensus
RatingBuy
Target price$254.08▲30.60%
45
Buy
8
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 22, 2026
Q3 FY26 · EPS est $2.57 · Revenue est $23.01B
View
Dividends
$3.94/shareQuarterlyEx-div May 29, 2026 · in 24dSafeTMUS pays a dividend with a 2.03% declared yield, covered 4.4× by free cash flow.
Declared Yield
2.03%
Annual Div / Share
$3.94
TTM $3.80
CAGR
—
Payout Ratio
40.2%
Safe
Dividend Growth Rate
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$3.94+19.8%
2025$3.29-45.3%
2024$6.01—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$20/yr
$2/mo
In 5 yrs
$20/yr
$2/mo
In 10 yrs
$20/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$20/yr $2/mo | $20/yr $2/mo | $20/yr $2/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 4.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.