Executive Summary
T-Mobile US Inc. delivered a solid QQ4 2024 performance, highlighted by revenue growth, healthy profitability, and robust cash flow, underscored by ongoing network investments and monetization of the postpaid mix. Revenue reached $21.872 billion, up 6.8% year-over-year and 8.5% quarter-over-quarter, with a gross margin of 59.8% and an operating margin of 20.97%, reflecting disciplined cost management alongside scale benefits from the 5G rollout. Net income of $2.981 billion and diluted earnings per share of $2.56â$2.58 demonstrate durable profitability even as the company sustains significant capital expenditures. Free cash flow of $2.502 billion and operating cash flow of $5.549 billion reinforce a strong cash generation profile, supporting ongoing debt servicing and potential deleveraging over time.
Key Performance Indicators
Key Insights
Revenue: $21.872B; YoY growth 6.81%; QoQ growth 8.48%; Gross Profit: $13.087B; Gross Margin: 59.83%; EBITDA: $7.829B; EBITDA Margin: 35.79%; Operating Income: $4.586B; Operating Margin: 20.97%; Net Income: $2.981B; Net Margin: 13.63%; EPS (Diluted): $2.56; Weighted Avg Shares (Diluted): ~1.173B; Cash from Operations: $5.549B; Capital Expenditures: $3.048B; Free Cash Flow: $2.502B; Free Cash Flow per Share: $2.89; Operating Cash Flow per Share: $4.81; Dividend Payout Ratio: 34%; Dividends Paid: $...
Financial Highlights
Revenue: $21.872B; YoY growth 6.81%; QoQ growth 8.48%; Gross Profit: $13.087B; Gross Margin: 59.83%; EBITDA: $7.829B; EBITDA Margin: 35.79%; Operating Income: $4.586B; Operating Margin: 20.97%; Net Income: $2.981B; Net Margin: 13.63%; EPS (Diluted): $2.56; Weighted Avg Shares (Diluted): ~1.173B; Cash from Operations: $5.549B; Capital Expenditures: $3.048B; Free Cash Flow: $2.502B; Free Cash Flow per Share: $2.89; Operating Cash Flow per Share: $4.81; Dividend Payout Ratio: 34%; Dividends Paid: $1.014B; Debt: Total $114.404B; Net Debt: $108.995B; Cash & Equivalents: $5.41B; Total Assets: $208.04B; Total Liabilities: $146.29B; Total Equity: $61.741B; Current Ratio: 0.912; Quick Ratio: 0.833; Cash Ratio: 0.280; Debt to Capital: 0.649; Debt to Equity: 1.846; Interest Coverage: 5.75; P/E: 21.35; Price to Sales: 11.64; EV/EBITDA: 46.72; Price to Free Cash Flow: 76.31; Dividend Yield: 0.40%.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
21.87B |
6.81% |
8.48% |
| Gross Profit |
13.09B |
8.35% |
-0.35% |
| Operating Income |
4.59B |
31.78% |
-4.38% |
| Net Income |
2.98B |
48.01% |
-2.55% |
| EPS |
2.58 |
48.28% |
-1.53% |
Key Financial Ratios
operatingProfitMargin
20.5%
operatingCashFlowPerShare
$4.81
freeCashFlowPerShare
$2.89
Management Commentary
Note: No earnings call transcript data were provided in the input. Consequently, management quotes or verbatim insights could not be extracted. Based on the disclosed results, typical themes that would be expected from management in a QQ4 2024 call include: continued emphasis on 5G network expansion and spectrum investments to sustain subscriber growth and ARPU, disciplined expense management to preserve margins, and a focus on cash flow generation to support deleveraging and capital allocation. If transcripts are available, quotes would likely center on sustaining wireless momentum, progress on device monetization, and expectations for cash generation in a high-capex environment.
Forward Guidance
No explicit forward guidance was provided in the supplied data for QQ4 2024. Nevertheless, the quarter's performance suggests several plausible guidance considerations: (1) sustained revenue growth supported by postpaid wireless contributions and device monetization, (2) continued EBITDA and free cash flow generation driven by scale benefits from 5G network investments, (3) ongoing capital allocation toward network deployment and spectrum, which may pressure near-term free cash flow but potentially de-leverage over time if cash returns are prioritized. Investors should monitor ARPU trends, subscriber mix (postpaid vs. prepaid), capex intensity, and any regulatory actions affecting spectrum costs or competitive dynamics in the US wireless market.