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T-Mobile US TMUS Gross margin

Discontinued — last reported Q2 '18

Gross margin at other companies

SBA Communications logo
SBA CommunicationsSBAC
93%-2.0pp
Crown Castle logo
Crown CastleCCI
97.3%-0.3pp
EchoStar logo
EchoStarSATS
39.1%+3.0pp
MTZ
MasTecMTZ
12.8%-0.3pp
Lumen Technologies logo
Lumen TechnologiesLUMN
47.3%-0.9pp
Ubiquiti Inc. logo
Ubiquiti Inc.UI
46%+3.9pp

Other financials

Income statement

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Revenue$23.1B+10.6%
Operating income$4.5B-6.3%
Net income$2.5B-15.2%
EPS (diluted)$2.27-12.0%

Balance sheet

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Cash & equivalents$3.9B-68.3%
Total debt$33.9B-14.7%
Total equity$55.9B-8.6%
Total assets$214.67B0.0%

Cash flow

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Operating cash flow$7.2B+5.5%
CapEx$2.6B+7.0%
Free cash flow$4.6B+4.6%

Valuation

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Market cap$196.6B-24.0%
Enterprise value$226.61B-21.2%
P/E18.7×-3.1×
P/S2.2×-1.0×

Profitability

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Operating margin19.9%-2.9pp
Net margin11.6%-2.8pp
FCF margin20.1%+1.5pp

Returns & leverage

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Return on equity18%-1.3pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.1×

Where this comes from

Calculated from T-Mobile US’s reported figures.

Based on trailing twelve months.

The official record: T-Mobile US’s 10-Q, filed October 28, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.