PerpEquities

Equity · Communication services

Is T-Mobile US (TMUS) tradable as a perp? Not yet

T-Mobile US provides mobile telecommunications services and wireless devices to over 100 million subscribers in the US, Puerto Rico, and the US Virgin Islands.

Not yet listed on any perp exchange

No perpetual-futures venue lists TMUS yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps
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TradingView symbol NASDAQ:TMUS

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Company data

Company fundamentals

Updated 1h ago
Market cap
$180.4B
Updated 1h ago
Revenue
$92.2B
Trailing 12 months
Revenue growth
+7%
Next fiscal year
Profit margin
+11.5%
P/E
17.6
Peer P/E 16.8
Free cash flow
$15.3B
Trailing 12 months
More metrics
Net income
$10.6B
Trailing 12 months
P/S
2.0
Peer P/E
16.8
Similar listed perps
Revenue estimate
$94.4B
Next fiscal year
Earnings
2026-10-28
Revenue est. $23.2B · Updated 1h ago
Dividend
$1.02
2026-08-28

Fundamental detail

Annual + quarterly
Latest revenue$88.3B
Net margin+12.4%
Free cash flow$18B
Net debt$116.7B
2020$68.4B
2021$80.1B
2022$79.6B
2023$78.6B
2024$81.4B
2025$88.3B
PeriodRevenueGrowthNet incomeFCF
2020$68.4B+52%$3.1B-$3.7B
2021$80.1B+17%$3B-$7.8B
2022$79.6B-1%$2.6B-$520M
2023$78.6B-1%$8.3B$7.7B
2024$81.4B+4%$11.3B$10B
2025$88.3B+8%$11B$18B
PeriodGross marginOperating marginNet marginROEROA
2020+58.7%+9.7%+4.5%+4.7%+1.5%
2021+54.3%+8.6%+3.8%+4.4%+1.5%
2022+54.5%+8.2%+3.3%+3.7%+1.2%
2023+61.6%+18.2%+10.6%+12.9%+4.0%
2024+63.6%+22.1%+13.9%+18.4%+5.5%
2025+47.6%+21.2%+12.4%+18.6%+5.0%
PeriodCashDebtNet debtCurrent ratio
2020$10.4B$107.2B$96.9B1.10
2021$6.6B$108.8B$102.2B0.89
2022$4.5B$111.8B$107.3B0.77
2023$5.1B$113.8B$108.7B0.91
2024$5.4B$114.4B$109B0.91
2025$5.6B$122.3B$116.7B1.00
PeriodMarket capEnterprise valueP/SP/E
2020$154.3B$251.2B2.350.3
2021$144.6B$246.8B1.847.9
2022$175B$282.3B2.267.6
2023$190B$298.7B2.422.8
2024$258.1B$367.1B3.222.8
2025$229B$345.7B2.620.8
Q3 2024$20.2B
Q4 2024$21.9B
Q1 2025$20.9B
Q2 2025$21.1B
Q3 2025$22B
Q4 2025$24.3B
Q1 2026$23.1B
Q2 2026$22.8B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$20.2B+5%$3.1B$1.8B
Q4 2024$21.9B+7%$3B$2.5B
Q1 2025$20.9B+7%$3B$4.4B
Q2 2025$21.1B+7%$3.2B$4.6B
Q3 2025$22B+9%$2.7B$4.8B
Q4 2025$24.3B+11%$2.1B$1.6B
Q1 2026$23.1B+11%$2.5B$4.6B
Q2 2026$22.8B+8%$3.2B$4.3B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+65.1%+23.8%+15.2%+4.8%+1.5%
Q4 2024+59.8%+21.0%+13.6%+4.8%+1.4%
Q1 2025+64.6%+23.0%+14.1%+4.8%+1.4%
Q2 2025+65.1%+24.7%+15.2%+5.3%+1.5%
Q3 2025+49.3%+22.1%+12.4%+4.5%+1.2%
Q4 2025+42.5%+15.9%+8.6%+3.6%+1.0%
Q1 2026+61.8%+19.5%+10.8%+4.5%+1.2%
Q2 2026+64.8%+24.1%+14.2%+5.8%+1.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$9.8B$116.2B$106.4B1.08
Q4 2024$5.4B$114.4B$109B0.91
Q1 2025$12B$120.9B$108.9B1.16
Q2 2025$10.3B$117.9B$107.6B1.21
Q3 2025$3.3B$120.4B$116.9B0.89
Q4 2025$5.6B$122.3B$116.7B1.00
Q1 2026$3.5B$117.7B$114.2B1.09
Q2 2026$2.8B$116B$113.2B0.92
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$240.8B$347.2B11.919.7
Q4 2024$258.1B$367.1B11.821.4
Q1 2025$304.2B$413.1B14.625.7
Q2 2025$269.9B$377.5B12.821.0
Q3 2025$269B$386.1B12.324.7
Q4 2025$226.4B$343.1B9.326.9
Q1 2026$231.1B$345.3B10.023.0
Q2 2026$181.4B$294.6B8.014.0

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$22.8BQ2 2026
$6.1B$12.2B$18.3B$24.3BQ3 2023: $19.3BQ4 2023: $20.5BQ1 2024: $19.6BQ2 2024: $19.8BQ3 2024: $20.2BQ4 2024: $21.9BQ1 2025: $20.9BQ2 2025: $21.1BQ3 2025: $22BQ4 2025: $24.3BQ1 2026: $23.1BQ2 2026: $22.8BQ3 2023Q2 2026
Net income$3.2BQ2 2026
$809.8M$1.6B$2.4B$3.2BQ3 2023: $2.1BQ4 2023: $2BQ1 2024: $2.4BQ2 2024: $2.9BQ3 2024: $3.1BQ4 2024: $3BQ1 2025: $3BQ2 2025: $3.2BQ3 2025: $2.7BQ4 2025: $2.1BQ1 2026: $2.5BQ2 2026: $3.2BQ3 2023Q2 2026
EBITDA$8.8BQ2 2026
$2.2B$4.4B$6.6B$8.8BQ3 2023: $6.8BQ4 2023: $6.8BQ1 2024: $7.4BQ2 2024: $7.9BQ3 2024: $8BQ4 2024: $7.8BQ1 2025: $8BQ2 2025: $8.3BQ3 2025: $7.8BQ4 2025: $7.3BQ1 2026: $4.4BQ2 2026: $8.8BQ3 2023Q2 2026
Free cash flow$4.3BQ2 2026
$1.2B$2.4B$3.6B$4.8BQ3 2023: $2.8BQ4 2023: $2.5BQ1 2024: $2.4BQ2 2024: $3.3BQ3 2024: $1.8BQ4 2024: $2.5BQ1 2025: $4.4BQ2 2025: $4.6BQ3 2025: $4.8BQ4 2025: $1.6BQ1 2026: $4.6BQ2 2026: $4.3BQ3 2023Q2 2026
EPS$2.99Q2 2026
$0.75$1.5$2.24$2.99Q3 2023: $1.82Q4 2023: $1.67Q1 2024: $2Q2 2024: $2.49Q3 2024: $2.61Q4 2024: $2.56Q1 2025: $2.58Q2 2025: $2.84Q3 2025: $2.41Q4 2025: $1.88Q1 2026: $2.27Q2 2026: $2.99Q3 2023Q2 2026
Cash / Debt$2.8BQ2 2026
$30.6B$61.1B$91.7B$122.3BQ3 2023 · Cash: $5BQ3 2023 · Debt: $113.9BQ4 2023 · Cash: $5.1BQ4 2023 · Debt: $113.1BQ1 2024 · Cash: $6.7BQ1 2024 · Debt: $115.7BQ2 2024 · Cash: $6.4BQ2 2024 · Debt: $114.2BQ3 2024 · Cash: $9.8BQ3 2024 · Debt: $116.2BQ4 2024 · Cash: $5.4BQ4 2024 · Debt: $114.4BQ1 2025 · Cash: $12BQ1 2025 · Debt: $120.9BQ2 2025 · Cash: $10.3BQ2 2025 · Debt: $117.9BQ3 2025 · Cash: $3.3BQ3 2025 · Debt: $120.4BQ4 2025 · Cash: $5.6BQ4 2025 · Debt: $122.3BQ1 2026 · Cash: $3.5BQ1 2026 · Debt: $117.7BQ2 2026 · Cash: $2.8BQ2 2026 · Debt: $116BQ3 2023Q2 2026
CashDebt
Profitability+64.8%Q2 2026
+16.5%+32.9%+49.4%+65.9%Q3 2023 · Gross margin: +62.9%Q4 2023 · Gross margin: +59.0%Q1 2024 · Gross margin: +63.8%Q2 2024 · Gross margin: +65.9%Q3 2024 · Gross margin: +65.1%Q4 2024 · Gross margin: +59.8%Q1 2025 · Gross margin: +64.6%Q2 2025 · Gross margin: +65.1%Q3 2025 · Gross margin: +49.3%Q4 2025 · Gross margin: +42.5%Q1 2026 · Gross margin: +61.8%Q2 2026 · Gross margin: +64.8%Q3 2023 · Operating margin: +18.7%Q4 2023 · Operating margin: +17.0%Q1 2024 · Operating margin: +20.4%Q2 2024 · Operating margin: +23.4%Q3 2024 · Operating margin: +23.8%Q4 2024 · Operating margin: +21.0%Q1 2025 · Operating margin: +23.0%Q2 2025 · Operating margin: +24.7%Q3 2025 · Operating margin: +22.1%Q4 2025 · Operating margin: +15.9%Q1 2026 · Operating margin: +19.5%Q2 2026 · Operating margin: +24.1%Q3 2023 · Net margin: +11.1%Q4 2023 · Net margin: +9.8%Q1 2024 · Net margin: +12.1%Q2 2024 · Net margin: +14.8%Q3 2024 · Net margin: +15.2%Q4 2024 · Net margin: +13.6%Q1 2025 · Net margin: +14.1%Q2 2025 · Net margin: +15.2%Q3 2025 · Net margin: +12.4%Q4 2025 · Net margin: +8.6%Q1 2026 · Net margin: +10.8%Q2 2026 · Net margin: +14.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+7.9%Q2 2026
+2.8%+5.6%+8.4%+11.3%Q3 2024: +4.7%Q4 2024: +6.8%Q1 2025: +6.6%Q2 2025: +6.9%Q3 2025: +8.9%Q4 2025: +11.3%Q1 2026: +10.6%Q2 2026: +7.9%Q3 2023Q2 2026
Shares outstanding1.1BQ2 2026
301.3M602.5M903.8M1.2BQ3 2023: 1.2BQ4 2023: 1.2BQ1 2024: 1.2BQ2 2024: 1.2BQ3 2024: 1.2BQ4 2024: 1.2BQ1 2025: 1.1BQ2 2025: 1.1BQ3 2025: 1.1BQ4 2025: 1.1BQ1 2026: 1.1BQ2 2026: 1.1BQ3 2023Q2 2026
Valuation14.0Q2 2026
6.713.420.126.9Q3 2023 · P/E: 19.1Q4 2023 · P/E: 23.0Q1 2024 · P/E: 20.3Q2 2024 · P/E: 17.9Q3 2024 · P/E: 19.7Q4 2024 · P/E: 21.4Q1 2025 · P/E: 25.7Q2 2025 · P/E: 21.0Q3 2025 · P/E: 24.7Q4 2025 · P/E: 26.9Q1 2026 · P/E: 23.0Q2 2026 · P/E: 14.0Q3 2023 · P/S: 8.5Q4 2023 · P/S: 9.1Q1 2024 · P/S: 9.8Q2 2024 · P/S: 10.6Q3 2024 · P/S: 11.9Q4 2024 · P/S: 11.8Q1 2025 · P/S: 14.6Q2 2025 · P/S: 12.8Q3 2025 · P/S: 12.3Q4 2025 · P/S: 9.3Q1 2026 · P/S: 10.0Q2 2026 · P/S: 8.0Q3 2023Q2 2026
P/EP/S
Revenue$88.3B2025
$22.1B$44.2B$66.2B$88.3B2018: $43.3B2019: $45B2020: $68.4B2021: $80.1B2022: $79.6B2023: $78.6B2024: $81.4B2025: $88.3B20182025
Net income$11B2025
$2.8B$5.7B$8.5B$11.3B2018: $2.9B2019: $3.5B2020: $3.1B2021: $3B2022: $2.6B2023: $8.3B2024: $11.3B2025: $11B20182025
EBITDA$31.3B2025
$7.8B$15.7B$23.5B$31.3B2018: $11.8B2019: $12.4B2020: $20.4B2021: $23.1B2022: $20.2B2023: $27.2B2024: $31B2025: $31.3B20182025
Free cash flow$18B2025
-$1.3B$5.1B$11.6B$18B2018: -$1.8B2019: -$534M2020: -$3.7B2021: -$7.8B2022: -$520M2023: $7.7B2024: $10B2025: $18B20182025
EPS$9.722025
$2.43$4.86$7.29$9.722018: $3.362019: $4.022020: $2.652021: $2.412022: $2.062023: $6.932024: $9.662025: $9.7220182025
Cash / Debt$5.6B2025
$30.6B$61.1B$91.7B$122.3B2018 · Cash: $1.2B2018 · Debt: $15.5B2019 · Cash: $1.5B2019 · Debt: $42.3B2020 · Cash: $10.4B2020 · Debt: $107.2B2021 · Cash: $6.6B2021 · Debt: $108.8B2022 · Cash: $4.5B2022 · Debt: $111.8B2023 · Cash: $5.1B2023 · Debt: $113.8B2024 · Cash: $5.4B2024 · Debt: $114.4B2025 · Cash: $5.6B2025 · Debt: $122.3B20182025
CashDebt
Profitability+47.6%2025
+15.9%+31.8%+47.7%+63.6%2018 · Gross margin: +57.6%2019 · Gross margin: +58.8%2020 · Gross margin: +58.7%2021 · Gross margin: +54.3%2022 · Gross margin: +54.5%2023 · Gross margin: +61.6%2024 · Gross margin: +63.6%2025 · Gross margin: +47.6%2018 · Operating margin: +12.3%2019 · Operating margin: +12.7%2020 · Operating margin: +9.7%2021 · Operating margin: +8.6%2022 · Operating margin: +8.2%2023 · Operating margin: +18.2%2024 · Operating margin: +22.1%2025 · Operating margin: +21.2%2018 · Net margin: +6.7%2019 · Net margin: +7.7%2020 · Net margin: +4.5%2021 · Net margin: +3.8%2022 · Net margin: +3.3%2023 · Net margin: +10.6%2024 · Net margin: +13.9%2025 · Net margin: +12.4%20182025
Gross marginOperating marginNet margin
Revenue growth+8.5%2025
+12.0%+25.4%+38.7%+52.0%2019: +3.9%2020: +52.0%2021: +17.1%2022: -0.7%2023: -1.3%2024: +3.6%2025: +8.5%20182025
Shares outstanding1.1B2025
313.8M627.7M941.5M1.3B2018: 858.3M2019: 863.4M2020: 1.2B2021: 1.3B2022: 1.3B2023: 1.2B2024: 1.2B2025: 1.1B20182025
Valuation20.82025
16.933.850.767.62018 · P/E: 18.72019 · P/E: 19.32020 · P/E: 50.32021 · P/E: 47.92022 · P/E: 67.62023 · P/E: 22.82024 · P/E: 22.82025 · P/E: 20.82018 · P/S: 1.22019 · P/S: 1.52020 · P/S: 2.32021 · P/S: 1.82022 · P/S: 2.22023 · P/S: 2.42024 · P/S: 3.22025 · P/S: 2.620182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202610.90$94.4B+7%17
FY 202713.90$98.6B+12%17
FY 202816.67$102.6B+16%13
FY 202917.77$106.1B+20%10
FY 203020.50$109.5B+24%5
Q1 20273.33$24.2B+5%5

Company events

6
2026-10-28EarningsActual - / Estimate 2.85-
2026-08-28Dividend$1.02-
2026-07-23EarningsActual 2.99 / Estimate 2.59Beat
2026-05-29Dividend$1.02-
2026-04-28EarningsActual 2.27 / Estimate 2.01Beat
2026-02-27Dividend$1.02-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
DIS$178.3B1.821.1+8.7%14VZ$200.8B1.412.5+11.6%2SOFTBANK$229B4.57.3+61.6%6SPOT$104.7B5.027.2+18.4%5CMCSA$80.7B0.67.4+9.0%4NFLX$298.9B6.222.2+28.2%24BIDU$30.6B1.6-43.3-3.8%2RDDT$29B10.433.0+31.3%17

Analyst track record

How the analysts covering TMUS have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings148419
Analysts3346
Buy / hold / sell105 / 41 / 2324 / 91 / 4
Upgrades / downgrades / initiations11 / 2 / 215 / 11 / 6
Price targets hit / missed0 / 135 (0%)2 / 381 (1%)
Avg. return after a rating (TipRanks)-34.5%-27.9%
Best / worst call-1.5% / -46.3%+0.9% / -46.3%

After buy calls on this stock: median 21-day move +1.8% vs S&P 500 -0.8% (n = 326)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Kannan VenkateshwarBarclays100% hit rate on this stock · 19 targets measuredBuytarget $215Jul 24, 2026
  2. Eric LuebchowWells Fargo100% hit rate on this stock · 14 targets measuredBuytarget $235Apr 29, 2026
  3. Michael RollinsCiti100% hit rate on this stock · 10 targets measuredHoldtarget $225Mar 17, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Douglas HarnedBernsteinHoldMaintained$220article ↗
Sep 3, 2026Sean DiffleyMorgan StanleyBuyMaintained$230article ↗
Sep 3, 2026Sean DiffleyMorgan StanleyBuyMaintained$230
Aug 31, 2026Douglas HarnedBernsteinHoldMaintained$220article ↗
Aug 18, 2026Laurent YoonBernsteinHoldMaintained$220article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$160$180$200$220$240$260$280Oct 25 · Buy 14 · Hold 5 · Sell 1Oct 25Nov 25 · Buy 15 · Hold 6 · Sell 1Dec 25 · Buy 17 · Hold 8 · Sell 0Dec 25Jan 26 · Buy 17 · Hold 7 · Sell 0Feb 26 · Buy 18 · Hold 7 · Sell 0Feb 26Mar 26 · Buy 17 · Hold 6 · Sell 0Apr 26 · Buy 24 · Hold 4 · Sell 0Apr 26May 26 · Buy 23 · Hold 4 · Sell 0Jun 26 · Buy 21 · Hold 3 · Sell 0Jun 26Jul 26 · Buy 23 · Hold 3 · Sell 0Aug 26 · Buy 21 · Hold 5 · Sell 0Aug 26Sep 26 · Buy 21 · Hold 4 · Sell 0Oct 25 · avg. target $274Nov 25 · avg. target $277Dec 25 · avg. target $267Jan 26 · avg. target $266Feb 26 · avg. target $265Mar 26 · avg. target $264Apr 26 · avg. target $255May 26 · avg. target $253Jun 26 · avg. target $253Jul 26 · avg. target $240Aug 26 · avg. target $238Sep 26 · avg. target $239Oct 25 · month-end close $210Nov 25 · month-end close $209Dec 25 · month-end close $203Jan 26 · month-end close $197Feb 26 · month-end close $217Mar 26 · month-end close $210Apr 26 · month-end close $196May 26 · month-end close $188Jun 26 · month-end close $168Jul 26 · month-end close $173Aug 26 · month-end close $180Sep 26 · month-end close $166

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 148 ratings