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TMUS

Latest: FY2025 · Thesis page →
Revenue$88.3B+8.5% YoY
Net income$11.0B-3.1% YoY
Free cash flow$18.0B+33.8% YoY
Gross margin—

Revenue vs Net income

Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.

■ Revenue   ■ Net income
$0$31.8B$63.6B$95.4BFY21FY22FY23FY24FY25

Margin trend

Gross, operating and net margin. Margins are derived from reported dollars.

● Gross margin   ● Operating margin   ● Net margin
0%9%17%25%FY21FY22FY23FY24FY25

Revenue YoY growth

Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).

-1%-1%+4%+8%FY21FY22FY23FY24FY25

Income statement

From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.

FY21FY22FY23FY24FY25
Revenue$80.1B$79.6B$78.6B$81.4B$88.3B
YoY—-0.7%-1.3%+3.6%+8.5%
Cost of goods sold—————
YoY—————
Gross profit—————
YoY—————
Research & development—————
YoY—————
Selling, general & administrative$20.2B$21.6B$21.3B$20.8B$23.5B
YoY—+6.8%-1.4%-2.3%+12.7%
Operating income$6.9B$6.5B$14.3B$18.0B$18.3B
YoY—-5.1%+118.0%+26.2%+1.5%
Pretax income$3.4B$3.1B$11.0B$14.7B$14.3B
YoY—-6.1%+249.6%+33.8%-2.9%
Income tax$327.0M$556.0M$2.7B$3.4B$3.3B
YoY—+70.0%+382.4%+25.8%-2.5%
Net income$3.0B$2.6B$8.3B$11.3B$11.0B
YoY—-14.4%+221.1%+36.3%-3.1%
EPS — basic$2.42$2.07$7.02$9.70$9.75
YoY—-14.5%+239.1%+38.2%+0.5%
EPS — diluted$2.41$2.06$6.93$9.66$9.72
YoY—-14.5%+236.4%+39.4%+0.6%
Weighted shares — basic1.25B1.25B1.19B1.17B1.13B
Weighted shares — diluted1.25B1.26B1.20B1.17B1.13B

Balance sheet

Point-in-time values at each quarter (or fiscal year) end.

FY21FY22FY23FY24FY25
Cash & equivalents$6.6B$4.5B$5.1B$5.4B$5.6B
YoY—-32.0%+13.9%+5.3%+3.5%
Marketable securities (current)—————
YoY—————
Accounts receivable$4.2B$4.4B$4.7B$4.3B$4.9B
YoY—+6.0%+5.6%-8.9%+14.0%
Inventory$2.6B$1.9B$1.7B$1.6B$2.4B
YoY—-26.6%-10.9%-4.2%+49.7%
Total current assets$20.9B$19.1B$19.0B$18.4B$24.5B
YoY—-8.7%-0.3%-3.2%+32.9%
Total assets$206.6B$211.3B$207.7B$208.0B$219.2B
YoY—+2.3%-1.7%+0.2%+5.4%
Total current liabilities$23.5B$24.7B$20.9B$20.2B$24.5B
YoY—+5.3%-15.4%-3.6%+21.4%
Total liabilities—————
YoY—————
Total equity$69.1B$69.7B$64.7B$61.7B$59.2B
YoY—+0.8%-7.1%-4.6%-4.1%
Shares outstanding1.25B1.23B1.20B1.14B1.11B
YoY—-1.2%-3.1%-4.3%-3.3%

Cash flow

Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.

FY21FY22FY23FY24FY25
Operating cash flow$13.9B$16.8B$18.6B$22.3B$27.9B
YoY—+20.6%+10.6%+20.1%+25.4%
Capital expenditures$12.3B$14.0B$9.8B$8.8B$10.0B
YoY—+13.3%-29.8%-9.8%+12.6%
Free cash flow$1.6B$2.8B$8.8B$13.5B$18.0B
YoY—+76.7%+211.6%+53.6%+33.8%
Dividends paid—————
YoY—————
Share repurchases$0$3.0B$13.1B$11.2B$10.0B
YoY——+335.8%-14.1%-11.2%

Margins & ratios

Derived from the reported dollars above — no separate source.

FY21FY22FY23FY24FY25
Gross margin—————
Operating margin8.6%8.2%18.2%22.1%20.7%
Net margin3.8%3.3%10.6%13.9%12.4%
Free cash flow margin2.0%3.5%11.1%16.5%20.4%
Effective tax rate9.8%17.7%24.4%22.9%23.0%
Current ratio0.89x0.77x0.91x0.91x1.00x
Total liabilities / equity—————

Peer comparison — latest full year

Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.

TickerRevenueRevenue YoYGross marginOperating marginNet marginFCF margin
TMUS FY25 · this stock$88.3B+8.5%—20.7%12.4%20.4%
GOOGL FY25$402.8B+15.1%—32.0%32.8%18.2%
META FY25$201.0B+22.2%—41.4%30.1%22.9%
VZ FY25$138.2B+2.5%—21.2%12.4%—
T FY25$125.6B+2.7%—19.2%17.5%—
DIS FY25$94.4B+3.4%—18.6%13.1%—
CHTR FY25$54.8B-0.6%—23.6%9.1%8.1%
NFLX FY25$45.2B+15.9%—29.5%24.3%20.9%
LYV FY25$25.2B+8.8%—5.0%2.0%1.3%
OMC FY25$17.3B+10.1%—2.6%-0.3%16.1%
FOXA FY23$14.9B+6.7%———9.7%

Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.