T-Mobile US, Inc. (TMUS) Stock Price & Analysis
T-Mobile US, Inc. (TMUS) closed at USD 158.79 on Thursday, October 22, 2026, up 3.28% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 153.75; the Oct 22, 2026 session ranged USD 155.58–159.41 on volume of 5,691,487 shares. Market capitalization is $170.33B, with a 52-week range of USD 147.9–225.93 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TMUS.md
Key facts (TMUS)
- Last four reported quarters (through Jun 30, 2026): revenue $92.2B, net income $10.6B (11.5% margin), free cash flow $18.4B (SEC filings).
- Valuation: P/E 16.1x (avg 22.3x at the last 3 fiscal year-ends).
- Earnings quality: non-operating income -$4.43B vs operating income $18.3B over the last four quarters; P/E excluding non-operating income ≈12.2x (estimate: non-operating income taxed at the company's 23.6% effective rate).
- 1 of 80 tracked superinvestors hold TMUS (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $2.0M; 1 not under a Rule 10b5-1 plan ($979K); 1 by opportunistic insiders (0 outside 10b5-1 plans), 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $1.0M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.82 on a 1–5 scale) (28 analysts), mean target USD 236.84 (range 169–296).
- Total return with dividends: 1Y -26.3% vs S&P 500 +14.9%; 5Y +42.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 2.91, revenue estimate $23.1B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TMUS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $80.1B | $79.6B | $78.6B | $81.4B | $88.3B | $92.2B |
| Operating income | $6.89B | $6.54B | $14.3B | $18.0B | $18.3B | $18.3B |
| Net income | $3.02B | $2.59B | $8.32B | $11.3B | $11.0B | $10.6B |
| EPS (diluted) | $2.41 | $2.06 | $6.93 | $9.66 | $9.72 | — |
| Free cash flow | $1.59B | $2.81B | $8.76B | $13.5B | $18.0B | $18.4B |
| Operating margin | 8.6% | 8.2% | 18.2% | 22.1% | 20.7% | 19.8% |
| Net margin | 3.8% | 3.3% | 10.6% | 13.9% | 12.4% | 11.5% |
| Revenue growth | +17.1% | -0.7% | -1.3% | +3.6% | +8.5% | — |
| Cash + short-term investments | $6.63B | $4.51B | $5.13B | $5.41B | $5.60B | — |
| Total debt | $74.2B | $72.0B | $75.0B | $78.3B | $86.3B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TMUS)
P/E 16.1x · P/E ex non-operating (est.) ≈12.2x · P/S 1.9x · P/FCF 9.3x · P/B 3.0x · FCF yield 10.80% · Earnings yield 6.20% · Dividend yield (paid, TTM) 2.55% · Buyback yield (TTM) 7.09%
P/E at fiscal year-ends: Dec 2025 20.9x, Dec 2024 22.8x, Dec 2023 23.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (TMUS)
1 of 80 tracked investors hold TMUS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | 0.56% | $1.06B | Added +2.9% |
Insider sales (SEC Form 4, open-market, last ~7 months) (TMUS)
2 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-10 | Drobac Daniel James | VP & Chief Accounting Officer | 772 | $138K | 2.2% | Yes (adopted June 12, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-21 | Freier Jon | Chief Operating Officer | 4,799 | $912K | 2.2% | Yes (adopted February 19, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-01 | Katz Michael J. | Chief Bus. and Prod. Officer | 5,000 | $979K | 2.7% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (TMUS)
1 purchase, $1.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-01 | Almeida Andre | Chief Broadband, Ent. & Emerg | 5,097 | $1.0M | 196.18 | Too little history (no open-market trades in 2023 or 2025) |
Analysts (TMUS)
Consensus Buy (mean 1.82 on a 1–5 scale), 28 analysts; mean target USD 236.84 (low 169, high 296).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Raymond James | Upgrade | Market Perform → Outperform | $170 |
| 2026-10-09 | Scotiabank | Target lowered | Sector Outperform | $217 → $212 |
| 2026-10-02 | Scotiabank | Target lowered | Sector Outperform | $232 → $217 |
| 2026-09-29 | Barclays | Target lowered | Overweight | $215 → $200 |
| 2026-09-21 | JP Morgan | Target lowered | Overweight | $275 → $260 |
| 2026-08-14 | Wolfe Research | Downgrade | Outperform → Peer Perform | |
| 2026-07-25 | UBS | Target lowered | Buy | $255 → $235 |
| 2026-07-24 | TD Cowen | Target lowered | Buy | $261 → $260 |
| 2026-07-24 | Wells Fargo | Target lowered | Equal-Weight | $170 → $169 |
| 2026-07-24 | Barclays | Target lowered | Overweight | $230 → $215 |
| 2026-07-24 | Benchmark | Target lowered | Buy | $295 → $280 |
| 2026-07-24 | Keybanc | Target lowered | Overweight | $260 → $250 |
Total return (dividends reinvested) (TMUS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -26.3% | +42.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -26.4% | +7.4% |
| Volatility (annualized) | 33.9% | 24.9% |
| Max drawdown | -32.2% (Mar 2026→Oct 2026) | -43.4% (Feb 2025→Oct 2026) |
TMUS revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service | $18.98B | 83.3% | +8.9% |
| — Postpaid revenues (part of Service) | $15.85B | 69.6% | +12.6% |
| — Prepaid revenues (part of Service) | $2.47B | 10.9% | -6.4% |
| — Wholesale and other service revenues (part of Service) | $657.0M | 2.9% | -8.4% |
| Equipment revenues | $3.52B | 15.5% | +2.5% |
| Other revenues | $284.0M | 1.2% | +11.4% |
| Total revenue | $22.79B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TMUS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | NASDAQ Stock Market | “Accordingly, our stockholders will not be afforded the same protections as stockholders of other NASDAQ-listed companies generally receive with respect to corporate governance for so long as we rely on these exemptions from the corporate governance requirements.” |
| Customer | Mint Mobile | “We provide services, devices and accessories across our flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile, through our T-Mobile and Metro by T-Mobile owned and operated retail stores, as well as through our websites (www.t-mobile.com, www.metrobyt-mobile.com and www.mintmobile.com), T-Mobile, Metro by T-Mobile and Mint Mobile apps, customer care channels and through national retailers.” |
| Partner | United States Cellular | “Our restructuring and integration activities associated with the UScellular Acquisition are expected to occur over the next two years and may involve risks related to network integration and customer migration, including potential service disruptions, delays in transitioning customer accounts and systems, and challenges in maintaining customer experience during the integration period.” |
| Partner | Comcast (CMCSA) | “•In September 2023, we entered into a License Purchase Agreement with Comcast Corporation and its affiliate, Comcast OTR1, LLC (together with Comcast Corporation, "Comcast") pursuant to which we will acquire spectrum in the 600 MHz band in exchange for total cash consideration of between $1.2 billion and $3.3 billion.” |
| Partner | DEUTSCHE TELEKOM AG (DTEGY) | “In addition, we license certain trademarks from DT, including the right to use the trademark "T-Mobile" as a name for the Company and our flagship brand under a trademark license agreement, as amended, with DT.” |
| Partner | Amazon (AMZN) | “On May 24, 2024, we entered into a securities purchase agreement with United States Cellular Corporation ("UScellular"), Telephone and Data Systems, Inc., and USCC Wireless Holdings, LLC for the acquisition of substantially all of UScellular's wireless operations and select AWS, PCS, 600 MHz, 700 MHz and other spectrum assets for an aggregate purchase price of approximately $4.4 billion, payable in cash and the as…” |
| Partner | N77 License Co | “On September 10, 2024, we entered into a License Purchase Agreement with N77 License Co LLC ("Buyer"), pursuant to which Buyer has the option to purchase all or a portion of our remaining 3.45 GHz spectrum licenses in exchange for a range of cash consideration, with the specific licenses sold to be determined based upon the amount of committed financing raised by Buyer.” |
| Competitor | AT&T (T) | “Our wireless communications services competitors include other carriers, such as AT&T Inc. ("AT&T") and Verizon Communications, Inc. ("Verizon").” |
| Competitor | Verizon (VZ) | “Our wireless communications services competitors include other carriers, such as AT&T Inc. ("AT&T") and Verizon Communications, Inc. ("Verizon").” |
Quoted from the company's 10-K filed Feb 11, 2026.
Companies that name TMUS in their SEC reports
| Relationship to TMUS | Company | Filing | Sentence |
|---|---|---|---|
| supplier | IDT CORP (IDT) | 10-K Sep 29, 2026 | “Many of these companies, including AT&T, Verizon, and T-Mobile, are substantially larger and have greater financial, technical, engineering, personnel, and marketing resources, longer operating histories, greater name recognition, and larger customer bases than we do.” |
| supplier | LiveOne, Inc. (LVO) | 10-K Jun 29, 2026 | “Our music streaming customers include individual users and OEMs such as Tesla, Verizon, T-Mobile, and, to a lesser extent, advertisers and third-party licensees.” |
| competitor | Anterix Inc. (ATEX) | 10-K Jun 25, 2026 | “•we may not be successful in competing against other spectrum holders who offer spectrum to our target customers, including the buyer of T-Mobile's 800 MHz spectrum.” |
| partner | VinFast Auto Ltd. (VFS) | 20-F Apr 30, 2026 | “We have collaborated with cutting-edge technology companies to leverage our existing core competencies, including collaborations with NVIDIA, BlackBerry, Erae AMS, Quanta Computer Inc., and Vector Informatik GmbH, Autobrains on our ADAS, Aptiv, AVL List GmbH and FEV on certain components of our powertrain and battery, Amazon Alexa for our Virtual Assistant and T-Mobile, Webbing, Appning by FORVIA on our connected …” |
| partner | OOMA INC (OOMA) | 10-K Apr 3, 2026 | “We also have strategic partnerships with third parties, such as T-Mobile, which enable us to sell our services and products to certain of their customers.” |
| competitor | BOSTON OMAHA Corp (BOC) | 10-K Mar 30, 2026 | “In the future, leading cable operators, such as Comcast, Charter Communications and Optimum, and other competitors, as well as other corporations providing competitive services, such as AT&T, T-Mobile and Verizon, may seek to enter the markets we serve.” |
| partner | HYPERION DEFI, INC. (HYPD) | 10-K Mar 30, 2026 | “Bringing to DRL her legacy of creating transformative partnerships with leading sports and technology brands, Ms. Jacobson forged groundbreaking partnerships with organizations including Algorand, Google, T-Mobile, New Balance, the U.S. Air Force, Pfizer and others.” |
| competitor | Perion Network Ltd. (PERI) | 20-F Mar 16, 2026 | “For example, in digital out-of-home (DOOH), we compete with T-Mobile's Vistar platform and other DOOH-focused” |
| customer | KVH INDUSTRIES INC \DE\ (KVHI) | 10-K Mar 10, 2026 | “For our TracNet Coastal products launched in December 2024, we purchase 5G/LTE cellular data from T-Mobile for service in the U.S. and Vodafone for service globally.” |
| supplier | NOKIA CORP (NOK) | 20-F Mar 5, 2026 | “benefits – our largest US customer, T-Mobile” |
| supplier | SMITH MICRO SOFTWARE, INC. (SMSI) | 10-K Mar 5, 2026 | “This decline in Family Safety revenues was primarily due to the migration of legacy Sprint customers onto the T-Mobile network, which has impacted our revenues associated with legacy Sprint subscribers for Family Safety, combined with a one-time event with one of our existing deployments that resulted in reduced revenue.” |
| competitor | EchoStar CORP (ECHO) | 10-K Mar 2, 2026 | “We compete with a number of national wireless carriers, including Verizon, AT&T and T-Mobile, all of which are significantly larger than us, serve a significant percentage of all wireless subscribers and enjoy scale advantages compared to us as the only nationwide MNOs in the United States.” |
| supplier | SBA COMMUNICATIONS CORP (SBAC) | 10-K Feb 27, 2026 | “In addition to the Big 3 wireless carriers (T-Mobile, AT&T Wireless, Verizon Wireless), we also provided services or leased space to a number of other customers during 2025 including:” |
| supplier | AMERICAN TOWER CORP /MA/ (AMT) | 10-K Feb 24, 2026 | “For the year ended December 31, 2025, our top four customers by total revenue were T-Mobile (18%), AT&T (17%), Verizon Wireless (14%) and Telefónica (10%).” |
| partner | TELEPHONE & DATA SYSTEMS INC /DE/ (TDS-PU) | 10-K Feb 24, 2026 | “•T-Mobile MLA integration: Continued partnership with T-Mobile to implement the provisions of the long-term MLA.” |
TMUS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.91 | $2.91 | +0.1% | $23.14B | 17 |
| Next quarter (ends Dec 2026) | $2.77 | $2.71 | +2.3% | $25.42B | 15 |
| Current fiscal year (ends Dec 2026) | $10.95 | $10.49 | +4.4% | $94.33B | 20 |
| Next fiscal year (ends Dec 2027) | $13.93 | $13.56 | +2.7% | $98.52B | 21 |
TMUS options: expected move
Options price a move of about ±7.1% (±$10.75) by Oct 30, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±6.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 51.2% | ±7.1% |
| Nov 6, 2026 | 14 | 48.2% | ±8.7% |
| Nov 13, 2026 | 21 | 41.9% | ±9.7% |
| Nov 20, 2026 | 28 | 40.9% | ±10.1% |
| Nov 27, 2026 | 35 | 40.4% | ±11.5% |
| Dec 4, 2026 | 42 | 41.0% | ±12.4% |
| Dec 18, 2026 | 56 | 36.6% | ±12.6% |
| Jan 15, 2027 | 84 | 35.2% | ±14.5% |
30-day implied volatility 38.7% vs 51.8% realized over the last 30 trading days. Put/call ratio (volume) 1.43. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:15 UTC)
| Price | USD 158.79 |
|---|---|
| Change | ▲ 3.28% (up) |
| Previous Close | USD 153.75 |
| Open | USD 155.58 |
| Day Range | USD 155.58 – 159.41 |
| 52-Week Range | USD 147.9 – 225.93 |
| Volume | 5,691,487 shares |
| Market Cap | $170.33B |
| Exchange | NMS |
Technical Analysis (TMUS)
Nexqual's technical model rates TMUS "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:15 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 43.88 (neutral) |
| vs SMA50 | Below (USD 171.13) |
| MACD | -4.15 (negative) |
Analyst Ratings (TMUS)
Wall Street analysts rate TMUS "Buy" based on 28 analysts, with a mean price target of USD 236.84 (range USD 169–296), per Nexqual as of October 23, 2026 at 09:15 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 28 |
| Mean Target | USD 236.84 |
| High Target | USD 296 |
| Low Target | USD 169 |
| Buy / Hold / Sell | 24 / 4 / 0 |
Earnings (TMUS)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 2.98 |
| Revenue Estimate | $23.14B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.99 vs est 2.6 ▲ beat |
| 2026-03-31 | USD 2.27 vs est 1.97 ▲ beat |
| 2025-12-31 | USD 1.88 vs est 2.06 ▼ miss |
| 2025-09-30 | USD 2.41 vs est 2.4 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financials & Fundamentals (TMUS)
| Total Revenue | $92.19B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.90% |
| Gross Margin | +63.05% |
| Operating Margin | +25.22% |
| Profit Margin | +11.46% |
| ROE | +17.99% |
| Debt / Equity | 2.14 |
| Current Ratio | 0.92 |
| Total Cash | $2.82B |
| Total Debt | $120.43B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $18.40B (20.0% of revenue) |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financial Health Score (TMUS)
Nexqual rates T-Mobile US, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:15 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 63%, operating 25% (last 12 months) |
| Balance Sheet | Critical — $5.60B cash and investments vs $86.3B debt (Dec 2025, SEC) |
| Cash Flow | Strong — FCF $18.4B (last 4 quarters to Jun 2026, SEC), 20% margin |
| Efficiency | Solid — ROE 18%, ROA 6.0% |
Ownership (TMUS)
| Insider Ownership | +55.55% |
|---|---|
| Institutional Ownership | +43.30% |
| Shares Outstanding | 1.07B |
| Float | 486.28M |
| Short % of Float | +3.00% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Leadership (TMUS)
T-Mobile US, Inc. is led by Srinivasan Gopalan, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:15 UTC.
| CEO, President & Director | Srinivasan Gopalan |
|---|---|
| Executive VP & CFO | Peter Osvaldik |
| Chief Operating Officer | Jonathan A. Freier |
| President of Technology & CTO | John C. B. Saw |
| Senior Vice President of Investor Relations | Quan Yao C.F.A. |
Major Backers & Investors (TMUS)
Notable institutional backers of T-Mobile US, Inc. include Invesco, Price (T.Rowe) Associates Inc, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 2.97% |
| Price (T.Rowe) Associates Inc | 2.38% |
| Morgan Stanley | 1.35% |
| Goldman Sachs | 1.1% |
| Softbank Group Corporation | 0.93% |
| Fidelity | 0.56% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 3.71% |
| BlackRock | 3.68% |
| State Street | 2.33% |
| Geode Capital | 1.19% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
From T-Mobile US, Inc.'s Latest SEC 10-K Filing (filed 2026-02-11)
Key Strengths & Strategy (as disclosed to the SEC)
- Our network allows us to deliver new, innovative products and services, such as our 5G broadband fixed wireless product, with the same customer experience focus and industry-disrupting mindset that we have adopted in our journey to redefine wireless communications services in the United States in the customers' favor.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to maintain effective internal control over financial reporting could impair our compliance with Section 404 of the Sarbanes-Oxley Act, which could lead to material misstatements in our financial statements and adversely affect our operations and reputation.
- Any material weaknesses or other control deficiencies that may arise in the future could require significant time and resources to remediate.
- Compliance with the current regulatory framework, including our national security obligations, and any changes in regulations or in the regulatory framework under which we operate could adversely affect our business, financial condition, and operating results.
- We also face potential investigations by, and inquiries from or actions by state public utility commissions. We also cannot assure that Congress will not amend the Communications Act, from which the FCC obtains its authority, and which serves to limit state authority, or enact other legislation in a manner that could be adverse to our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| T | AT&T Inc. | USD 22.74 | ▲ 3.79% |
| VZ | Verizon Communications Inc. | USD 45.2 | ▲ 3.76% |
| CMCSA | Comcast Corporation | USD 22.84 | ▲ 3.44% |
| AMX | America Movil, S.A.B. de C.V. | USD 24.98 | ▲ 2.84% |
| CHT | Chunghwa Telecom Co., Ltd. | USD 48.72 | ▲ 2.57% |
| VOD | Vodafone Group Plc | USD 16.12 | ▲ 1.7% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:15 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt