TMUS vs T Stock Comparison

T-Mobile US and At&T Prices as of Oct 23, 2026 Peers: Industry group
TMUS T-Mobile US, Inc.
$146.54 -11.5% 1M -33.4% 1Y
Market cap
$158.88B
P/E
15.0x
Revenue (TTM)
$92.19B
Div. yield
0.03%
Wireless Carriers Communication Services
7 wins
T At&T Inc.
$20.93 -17.3% 1M -15.0% 1Y
Market cap
$142.41B
P/E
11.0x
Revenue (TTM)
$128.85B
Div. yield
0.06%
Wireless Carriers Communication Services
5 wins

Head to Head

12 decided of 12

T-Mobile US leads on 7 of the 12 questions below (T-Mobile US 7, At&T 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTMUSTLeader
Larger companyMarket capitalisation $158.88B $142.41B TMUS
Cheaper on earningsLower P/E, profitable companies only 15.0x 11.0x T
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.9x 8.4x T
Faster revenue growthRevenue growth, trailing twelve months +9.7% +3.5% TMUS
More profitableNet margin, trailing twelve months 11.5% 10.1% TMUS
Better return on capitalReturn on invested capital 9.9% 6.9% TMUS
Less leveragedLower net debt / EBITDA 2.5x 3.4x TMUS
Higher dividend yieldTrailing dividend yield 0.03% 0.06% T
Better 1-year returnPrice return, last 12 months -33.4% -15.0% T
Better 5-year returnAnnualised price return, 5 years +4.6%/yr +1.7%/yr TMUS
Less volatileAnnualised volatility, 1 year 35.6% 29.8% T
Higher overall scoreMean of the five percentile scores vs peers 67/100 58/100 TMUS

Percentile Scorecard

TMUST

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTMUST
Valuation 48 #26 of 49 73 #14 of 49
Growth 78 #11 of 46 44 #26 of 46
Profitability 87 #7 of 46 71 #14 of 46
Financial Health 43 #29 of 50 41 #30 of 50
Shareholder Returns 80 #8 of 36 60 #15 of 36
Overall 67 58
  • TMUS ranked among 51 companies in Telecommunications
  • T ranked among 51 companies in Telecommunications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTMUSTSPY
1 month -11.5%-17.3% -1.0%
3 months -18.6%-13.2% +2.9%
6 months -22.8%-20.1% +6.4%
Year to date -27.8%-15.7% +11.4%
1 year -33.4%-15.0% +13.1%
3 years +3.9%+34.8% +79.4%
3 years, per year +1.3%+10.5% +21.5%
5 years +25.4%+8.7% +67.7%
5 years, per year +4.6%+1.7% +10.9%
10 years +213.5%-26.1% +255.2%
10 years, per year +12.1%-3.0% +13.5%

Risk

MeasureTMUSTSPY
Volatility, 1Y 35.6%29.8% 12.7%
Downside volatility, 1Y 42.0%34.2% 12.7%
Beta vs S&P 500, 1Y -0.38-0.39 1.00
Return / volatility, 1Y -0.94-0.50 1.03
Max drawdown, 5Y -46.3%-36.9% -25.4%
From 52-week high -34.0%-28.1% -2.5%
52-week high $221.98$29.10 $779.14
52-week low $146.54$20.49 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTMUST
P/E now vs peer median 15.0xmedian 11.6x 11.0xmedian 11.6x
P/S now vs peer median 1.7xmedian 1.1x 1.1xmedian 1.1x
EV/EBITDA now vs peer median 7.3xmedian 6.9x 6.6xmedian 6.9x
P/FCF now vs peer median 8.6xmedian 5.6x 7.9xmedian 5.6x
P/B now vs peer median 2.8xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 0.63median 0.24 0.23median 0.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTMUST
Revenue $92.19B $128.85B
Gross profit $57.33B $102.21B
Operating income $18.25B $23.58B
Net income $10.56B $13.14B
Free cash flow $18.40B $17.82B
EPS (diluted) $9.76 $1.90
Cash & equivalents $2.83B $10.77B
Total debt $84.62B $581.46B
Shares (diluted) 1.08B 6.84B
Enterprise value $143.63B $83.87B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTMUST
P/E 15.0x 11.0x
P/FCF 8.6x 7.9x
P/Operating cash flow 5.5x 3.5x
P/S 1.7x 1.1x
P/B 2.8x 1.1x
P/Tangible book -3.8x -5.3x
EV/EBITDA 7.3x 6.6x
EV/EBIT 13.1x 12.3x
EV/Revenue 2.6x 2.2x
EV/FCF 13.0x 16.3x
EV/Operating cash flow 8.3x 7.2x
PEG (3Y EPS CAGR) 0.63 0.23

Growth

14 metrics
MetricTMUST
Revenue growth (1Y) 9.7% 3.5%
Revenue CAGR (3Y) 5.5% 1.9%
Gross profit growth (1Y) 7.2% 2.0%
Gross profit CAGR (3Y) 7.2% -0.5%
Operating income growth (1Y) -5.9% -0.5%
Operating income CAGR (3Y) 17.6% 116.3%
Net income growth (1Y) -13.5% -38.2%
Net income CAGR (3Y) 19.8% 48.2%
EPS growth (1Y) -9.4% -38.6%
EPS CAGR (3Y) 23.8% 47.1%
Operating cash flow growth (1Y) 13.0% -1.5%
Operating cash flow CAGR (3Y) 18.9% 2.6%
Free cash flow growth (1Y) 11.5% -10.7%
Free cash flow CAGR (3Y) 62.0% -3.5%

Profitability

14 metrics
MetricTMUST
Gross margin 62.2% 79.3%
EBITDA margin 35.4% 33.9%
Operating margin 19.8% 18.3%
Pretax margin 15.0% 14.1%
Net margin 11.5% 10.1%
FCF margin 20.0% 13.8%
Operating cash flow margin 31.3% 31.2%
Return on equity 18.8% 11.7%
Return on assets 4.9% 3.3%
Return on invested capital 9.9% 6.9%
Return on capital employed 9.6% 6.3%
Asset turnover 0.4x 0.3x
Cash conversion (OCF / net income) 2.7x 3.1x
Stock comp / revenue 0.9% –

Financial Health

11 metrics
MetricTMUST
Debt / assets 39.6% 35.8%
Debt / equity 1.5x 1.3x
Net debt / EBITDA 2.5x 3.4x
Debt / FCF 4.6x 9.0x
Liabilities / assets 73.7% 72.5%
Equity / assets 26.3% 27.5%
Interest coverage – 3.2x
Current ratio 0.9x 0.9x
Quick ratio 0.4x 0.4x
Cash ratio 0.1x 0.2x
Altman Z-score 1.47 0.76

Shareholder Returns

7 metrics
MetricTMUST
Dividend yield 2.8% 5.3%
Net buyback yield 7.7% 6.6%
Shareholder yield 10.4% 11.9%
Payout ratio (earnings) 41.1% 60.4%
Payout ratio (FCF) 23.6% 44.5%
Dividend growth (1Y) 15.2% -3.3%
Dividend CAGR (3Y) – -0.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTMUST
Forward P/E 12.9xFY2026 8.4xFY2026
EPS, next fiscal year $11.36FY2026 $2.48FY2026
EPS growth, next FY +16.9%FY2026 +17.0%FY2026
EPS growth, the year after +30.5% +6.5%
Revenue, next fiscal year $96.73BFY2026 $125.70BFY2026
Revenue growth, next FY +9.5%FY2026 +0.0%FY2026
Revenue growth, the year after +6.6% +11.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTMUST
Held by institutions 43.1% 66.0%
Institutions holding 1,656 2,675
Change in shares held, QoQ +4.7% -0.3%
Institutions buying 849 1,266
Institutions selling 630 1,152
Buyers to sellers 1.35 1.10

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TMUST
TMUS 1.00 0.71
T 0.71 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TMUS and T?

T-Mobile US (TMUS) is the largest by market capitalisation: T-Mobile US (TMUS) $158.88B, At&T (T) $142.41B.

Which stock is cheaper, TMUS and T?

At&T (T) trades on the lowest price-to-earnings ratio (T-Mobile US (TMUS) 15.0x, At&T (T) 11.0x). On next year's consensus earnings, At&T (T) is cheapest (T-Mobile US (TMUS) 12.9x, At&T (T) 8.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

T-Mobile US (TMUS) grew revenue fastest over the trailing twelve months: T-Mobile US (TMUS) +9.7%, At&T (T) +3.5%.

Which company is more profitable?

T-Mobile US (TMUS) has the highest net margin (T-Mobile US (TMUS) 11.5%, At&T (T) 10.1%). On return on invested capital, T-Mobile US (TMUS) leads (T-Mobile US (TMUS) 9.9%, At&T (T) 6.9%).

Which stock has performed better?

Over the past year At&T (T) returned the most: T-Mobile US (TMUS) -33.4%, At&T (T) -15.0%. Over five years, T-Mobile US (TMUS) compounded fastest (T-Mobile US (TMUS) +4.6%/yr, At&T (T) +1.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

At&T (T) has the highest dividend yield: T-Mobile US (TMUS) 0.03%, At&T (T) 0.06%.

Which stock is riskier?

By one-year price volatility, At&T (T) has been the steadiest (T-Mobile US (TMUS) 35.6%, At&T (T) 29.8%). Volatility measures how widely the price swings, not the risk of the business.

Do TMUS and T move together?

Their daily returns over the past year have a correlation of 0.71, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, TMUS and T?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, T-Mobile US (TMUS) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.