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T-Mobile US TMUS Operating margin

Operating margin at other companies

Verizon Communications logo
Verizon CommunicationsVZ
20.5%-1.0pp
AT&T logo
AT&TT
20.1%+4.2pp
ATN International logo
ATN InternationalATNI
5.1%
SBA Communications logo
SBA CommunicationsSBAC
47.6%-4.8pp
Crown Castle logo
Crown CastleCCI
47.7%-1.2pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
23.3%-0.7pp

Other financials

Income statement

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Revenue$22.8B+7.9%
Operating income$5.5B+5.3%
Net income$3.2B+0.5%
EPS (diluted)$2.99+5.3%

Balance sheet

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Cash & equivalents$3.2B-70.0%
Total debt$37.5B-0.7%
Total equity$56.3B-7.9%
Total assets$213.55B+0.4%

Cash flow

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Operating cash flow$7.5B+7.3%
CapEx$2.7B+12.8%
Free cash flow$4.8B+4.4%

Valuation

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Market cap$186.07B-30.9%
Enterprise value$220.36B-25.6%
P/E17.6×-4.4×
P/S-1.2×

Profitability

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Gross margin72%
Net margin11.5%-3.1pp
FCF margin20%+0.3pp

Returns & leverage

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Return on equity18%-1.7pp
Debt / equity0.7×0.0×
Current ratio0.9×-0.3×

Where this comes from

Calculated from T-Mobile US’s reported figures.

Based on trailing twelve months.

The source filing: T-Mobile US’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 6:32 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001283699-26-000101

FAQ

What is T-Mobile US's operating margin?
T-Mobile US (TMUS) reported operating margin of 19.8% in Q2 2026.
How has T-Mobile US's operating margin changed year-over-year?
T-Mobile US's operating margin decreased by 14.2% year-over-year, from 23.1% to 19.8%.
What is the long-term trend for T-Mobile US's operating margin?
Over 5 years (2020 to 2025), T-Mobile US's operating margin has grown at a 16.4% compound annual growth rate (CAGR), from 9.7% to 20.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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