T-Mobile (TMUS): analysis in plain words
Is T-Mobile cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
T-Mobile (TMUS) is listed on the Nasdaq and we classify it in telecommunications. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against T-Mobile according to those figures, and the questions people ask most about the stock. No buy or sell tips.
T-Mobile (TMUS) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $159.17 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 15.3x | Price over earnings per share |
| Revenue growth | +7.4% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 12.0% | Profit for every 100 of sales |
| Net debt / EBITDA | 3.2x | Years of operating profit to repay debt |
| Dividend yield | 3.03% | Annual dividend over price |
| Market cap | $168.6 billion | What the stock market values it at |
The T-Mobile figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any TMUS figure that is not available shows as N/A: we do not estimate it.
How T-Mobile makes money
T-Mobile US is a wireless carrier operating only in the United States. Postpaid phone plans are its largest revenue source, followed by prepaid brands like Metro by T-Mobile and Mint Mobile, equipment sales and fixed wireless home internet. Its controlling shareholder is Deutsche Telekom.
Over the last 12 months, T-Mobile brought in revenue of $93.8 billion. For every 100 it sells, T-Mobile keeps 63.0 after the direct cost of what it sells (gross margin) and 24.7 after all operating costs (operating margin). With 75,000 full-time employees, that is about $1 million of revenue per employee.
T-Mobile against its sector
To know whether a T-Mobile figure is high or low you have to put it next to similar companies. This table compares T-Mobile with the median of the 6 telecommunications companies Fintols covers, with data as of November 4, 2026.
| Figure | T-Mobile | telecommunications median |
|---|---|---|
| P/E | 15.3x | 11.7x (6) |
| Revenue growth | +7.4% | +4.4% (7) |
| Net margin | 12.0% | 9.1% (8) |
| Dividend yield | 3.03% | 4.19% (8) |
| Net debt / EBITDA | 3.2x | 3.7x (8) |
In short, against the typical telecommunications company, T-Mobile trades on a higher P/E, grows faster and earns a wider margin. By size, T-Mobile ranks number 2 of 5 telecommunications companies quoted in USD on Fintols.
The bull case for T-Mobile
These are the strengths in the T-Mobile figures as of November 4, 2026:
- T-Mobile generates real cash: $16.4 billion of free cash flow over 12 months, 9.7% of its stock market value.
- Analysts expect T-Mobile earnings to rise: its P/E on the next 12 months of estimated earnings is 11.2x, below the current 15.3x.
- T-Mobile earns 19.4% a year on its shareholders' money (return on equity).
The main risk for T-Mobile
Debt is heavy: T-Mobile carries net debt equal to 3.2x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
And, like the rest of telecommunications, T-Mobile is exposed to price wars between operators and the heavy spending its networks need every year.
Frequently asked questions about T-Mobile
Is it a good time to buy T-Mobile stock?
Fintols does not tell you whether to buy or sell T-Mobile, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, T-Mobile stock trades at $159.17, 29% below its 52-week high ($224.75) and 11% above its low ($143.75). Its P/E is 15.3x against a telecommunications median of 11.7x, and 11.2x on the earnings analysts expect over the next 12 months. With T-Mobile, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does T-Mobile pay a dividend?
Yes. As of November 4, 2026, T-Mobile pays $4.68 per share a year, which at today's price is a yield of 3.03%. It uses 39% of its profit to pay it, which leaves room to keep paying it if profit dips. The telecommunications median on Fintols is 4.19%.
Is T-Mobile stock expensive?
It depends on what you compare it with. On P/E, T-Mobile trades at 15.3x its last 12 months of earnings: more expensive than the telecommunications median (11.7x). Including its debt, T-Mobile is valued at 7.8x its EBITDA (EV/EBITDA). A high P/E alone does not make T-Mobile expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are T-Mobile's competitors?
On Fintols we compare T-Mobile with Comcast, AT&T and Verizon, which are also in telecommunications. As of November 4, 2026, Comcast is worth $88.2 billion and trades on a P/E of 7.9; AT&T is worth $147.1 billion and trades on a P/E of 11.7; Verizon is worth $191.4 billion and trades on a P/E of 11.8. Each has a side-by-side comparison with T-Mobile below.
T-Mobile competitors
- Comcast (CMCSA) analysis · T-Mobile vs Comcast comparison
- AT&T (T) analysis · T-Mobile vs AT&T comparison
- Verizon (VZ) analysis · T-Mobile vs Verizon comparison
To understand T-Mobile better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like T-Mobile: telecommunications stocks, S&P 500 companies and S&P 100 companies. Open the full TMUS analysis with its valuation and scenarios. Educational content about T-Mobile, not investment advice.