T-Mobile US (TMUS) Return on Capital Employed [ROCE] (2009 - 2026)
T-Mobile US (TMUS) recorded Return on Capital Employed [ROCE] of 10.24% in Q3 2026, up 0.20 percentage points from 10.04% a year earlier and up 0.66 percentage points from the prior quarter.
Powered by 
Analysis
T-Mobile US (TMUS) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, T-Mobile US reported Return on Capital Employed [ROCE] of 9.66%, up 0.07 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for three straight years, with a five-year change of +4.22 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 9.60% in FY2024 (+2.03 pp), 7.56% in FY2023 (+4.01 pp), 3.55% in FY2022 (-0.28 pp) and 3.83% in FY2021 (-1.61 pp).
- The Q3 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q2 2012.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in five of the last eight quarters, with an average year-over-year change of +0.67 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 4.58 percentage points in Q3 2023, against a drop of 1.96 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 9.58% (Q2 2026), 9.14% (Q1 2026) and 9.44% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.19 Bn | 159.83 Bn | 27.05 Bn | 8.39% |
| 2 | T-Mobile US | 180.63 Bn | 163.07 Bn | 15.13 Bn | 10.24% |
| 3 | At&T | 149.48 Bn | 106.93 Bn | 26.22 Bn | 6.26% |
| 4 | Grupo Televisa, S.A.B | 138.76 Bn | 131.89 Bn | 960.50 Mn | 2.57% |
| 5 | Comcast | 89.06 Bn | 55.02 Bn | - | 7.98% |
| 6 | Chunghwa Telecom | 38.69 Bn | 31.18 Bn | 728.80 Mn | 2.44% |
| 7 | Vodafone Group Public | 37.39 Bn | 5.63 Bn | - | - |
| 8 | EchoStar | 29.07 Bn | 10.15 Bn | 647.20 Mn | 0.75% |
| 9 | Bce | 19.98 Bn | 18.22 Bn | 11.61 Bn | 32.40% |
| 10 | Telefonica Brasil | 19.21 Bn | 13.23 Bn | 1.42 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.24% |
| Jun 30, 2026 | 9.58% |
| Mar 31, 2026 | 9.14% |
| Dec 31, 2025 | 9.44% |
| Sep 30, 2025 | 10.04% |
| Jun 30, 2025 | 10.13% |
| Mar 31, 2025 | 10.02% |
| Dec 31, 2024 | 9.52% |
| Sep 30, 2024 | 8.96% |
| Jun 30, 2024 | 8.52% |
| Mar 31, 2024 | 7.98% |
| Dec 31, 2023 | 7.62% |
| Sep 30, 2023 | 7.20% |
| Jun 30, 2023 | 6.04% |
| Mar 31, 2023 | 4.35% |
| Dec 31, 2022 | 3.49% |
| Sep 30, 2022 | 2.62% |
| Jun 30, 2022 | 2.72% |
| Mar 31, 2022 | 3.50% |
| Dec 31, 2021 | 3.81% |
API Access
T-Mobile US Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TMUS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "TMUS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TMUS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();