Executive Summary
T-Mobile US Inc reported a solid QQ2 2025 with revenue of $21.132 billion, up 6.88% year-over-year and 1.18% quarter-over-quarter, reflecting steady demand for core wireless services and improving mix. Gross margin remained robust at approximately 65.1%, with EBITDA of $8.349 billion and an operating margin near 24.7%, underscoring a resilient operating engine amid competitive pricing dynamics. Net income of $3.222 billion and EPS of $2.84 highlight meaningful profitability delivery in the period, supported by disciplined cost management and favorable mix shifts.
Key Performance Indicators
Key Insights
Revenue: $21.132B in QQ2 2025, up 6.88% YoY (QoQ 1.18%); Gross Profit: $13.756B, gross margin 65.1% (YoY +5.65%, QoQ +2.00%). Operating Income: $5.213B, operating margin 24.67% (YoY +12.59%, QoQ +8.60%). Net Income: $3.222B, net margin 15.25% (YoY +10.15%, QoQ +9.11%). EPS: $2.84, EPS diluted $2.84 (YoY +13.60%, QoQ +9.65%). EBITDA: $8.349B, EBITDA margin 39.50%. Free Cash Flow: $4.596B; Operating Cash Flow: $6.992B; Capex: $2.396B; Cash at end of period: $10.501B. Net debt: $107.6B; Total debt:...
Financial Highlights
Revenue: $21.132B in QQ2 2025, up 6.88% YoY (QoQ 1.18%); Gross Profit: $13.756B, gross margin 65.1% (YoY +5.65%, QoQ +2.00%). Operating Income: $5.213B, operating margin 24.67% (YoY +12.59%, QoQ +8.60%). Net Income: $3.222B, net margin 15.25% (YoY +10.15%, QoQ +9.11%). EPS: $2.84, EPS diluted $2.84 (YoY +13.60%, QoQ +9.65%). EBITDA: $8.349B, EBITDA margin 39.50%. Free Cash Flow: $4.596B; Operating Cash Flow: $6.992B; Capex: $2.396B; Cash at end of period: $10.501B. Net debt: $107.6B; Total debt: $117.86B; Debt/Capitalization: 0.659; Interest Coverage: 5.65x; Payout Ratio: 30.9% (dividend yield ~0.37%). Valuation metrics (for context): Price/Earnings ~20.9x, EV/FCF ~45.2x, Price/Sales ~12.8x, Price/Book ~4.4x.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
21.13B |
6.88% |
1.18% |
| Gross Profit |
13.76B |
5.65% |
2.00% |
| Operating Income |
5.21B |
12.59% |
8.60% |
| Net Income |
3.22B |
10.15% |
9.11% |
| EPS |
2.84 |
13.60% |
9.65% |
Key Financial Ratios
operatingProfitMargin
24.7%
operatingCashFlowPerShare
$6.17
freeCashFlowPerShare
$4.06
dividendPayoutRatio
30.9%
Management Commentary
No earnings call transcript data provided in the supplied dataset; unable to extract management quotes or specific call themes. The following highlights are based on the disclosed financials and typical industry dynamics for a leading US mobile operator: (1) Focus on network investments to monetize 5G while sustaining cash flow; (2) Emphasis on cost discipline and efficiency to preserve FCF amidst elevated capex needs.
Forward Guidance
No formal forward guidance was issued in the provided materials. Based on QQ2 2025 results, the company exhibits strong free cash flow generation and a heavy but manageable balance sheet burden. Investors should monitor: (a) trajectory of capex intensity linked to 5G deployment and fixed wireless access expansion; (b) service ARPU trends and customer mix between postpaid and prepaid; (c) deleveraging progress given net debt of $107.6B and interest coverage of ~5.65x; (d) dividend sustainability versus cash flow, and (e) regulatory developments and competitive pricing dynamics that could influence growth and capex outlook.