T-Mobile US, Inc. (TMUS) Stock

T-Mobile US, Inc. (TMUS) is a Communication Services stock trading at $181.20 (as of 2026-08-20), with a market capitalization of $196.10B and a trailing P/E of 18.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories. In addition, the company offers services, devices, and accessories under the T-Mobile and Metro by T-Mobile brands through its owned and operated retail stores, T-Mobile app and customer care channels, and its websites. It also sells its devices to dealers and other third-party distributors for resale through independent third-party retail outlets and various third-party websites. As of December 31, 2021, it operated approximately 102,000 macro cell and 41,000 small cell/distributed antenna system sites. The company was founded in 1994 and is headquartered in Bellevue, Washington.

Understand T-Mobile US, Inc.: how it makes money

T-Mobile US provides mobile communications services (voice, messaging, and data) and sells wireless devices and accessories, it makes money mainly from service revenues tied to its customers, with additional revenue from equipment sales.

T-Mobile's profit model is primarily driven by recurring service revenues from its mobile communications customers, with equipment sales acting as a smaller, less recurring contributor.

Revenue by segment (latest quarter)
Services$18.7B
Equipment$3.9B

Business quality (Solid): Clear operating focus on service revenues, but limited operating metrics beyond revenue labels, and only one service KPI is provided for monitoring.

Valuation: At 20× earnings, TMUS trades 13% above the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Services are the core: Service revenues are the largest revenue component (18.7B), supporting a recurring element to the business mix versus equipment sales.
  • Postpaid provides an additional service lens: Postpaid service revenues are separately identified (11.86B), which can help investors understand performance within the customer base.

Bear case

  • Profit sensitivity to service mix: Because services represent most of revenue, changes in service revenue trends or mix (including postpaid versus other markets) can have an outsized impact on the overall model.
  • Less operating detail than a typical KPI set: The provided operating KPIs focus on service revenue labels, there are no provided metrics here for retention, usage, or pricing, which can make it harder to diagnose the drivers behind service revenue changes.
Valuation — source: SEC EDGAR (first-party)
Price$181.20
Market Cap$196.10B
P/E Ratio18.6
EV / EBITDA6.1
Price / Book3.49
Price / Sales2.13
FCF Yield9.4%
DCF Value (model)$97.08
DCF Upside vs Price-46.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$88.31B
Net Margin12.4%
Revenue Growth (YoY)7.9%
EPS Growth (YoY)5.3%
FCF Growth (YoY)4.4%
Financial Health — source: SEC EDGAR
Altman Z-Score1.56 (distress)
Valuation vs Sector & Industry
Stock P/E18.6
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
vs Sector-23.8%
vs Industry3.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($8.69B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorCommunication Services
IndustryCommunication
CEOSrinivasan Gopalan
Employees70,000
CountryUS
IPO Date2007-04-19

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TMUS earnings history · TMUS institutional & insider holders · TMUS KPIs & operating metrics · TMUS financials · TMUS investor presentations & press releases · TMUS SEC filings · TMUS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.