Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

T-Mobile US Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Activity Ratio
Total Asset Turnover
Reported 0.39 0.38 0.38 0.39 0.34
Adjusted 0.39 0.38 0.38 0.39 0.34
Liquidity Ratio
Current Ratio
Reported 0.91 0.91 0.77 0.89 1.10
Adjusted 0.98 0.95 0.80 0.93 1.16
Solvency Ratios
Debt to Equity
Reported 1.31 1.20 1.07 1.11 1.13
Adjusted 1.38 1.38 1.32 1.32 1.36
Debt to Capital
Reported 0.57 0.54 0.52 0.53 0.53
Adjusted 0.58 0.58 0.57 0.57 0.58
Financial Leverage
Reported 3.37 3.21 3.03 2.99 3.06
Adjusted 2.61 2.62 2.58 2.57 2.61
Profitability Ratios
Net Profit Margin
Reported 13.93% 10.59% 3.25% 3.77% 4.48%
Adjusted 18.17% 13.59% 4.69% 3.93% 4.99%
Return on Equity (ROE)
Reported 18.37% 12.85% 3.72% 4.38% 4.69%
Adjusted 18.62% 13.47% 4.55% 3.90% 4.48%
Return on Assets (ROA)
Reported 5.45% 4.00% 1.23% 1.46% 1.53%
Adjusted 7.14% 5.14% 1.76% 1.52% 1.71%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. T-Mobile US Inc. adjusted total asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. T-Mobile US Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. T-Mobile US Inc. adjusted debt-to-equity ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. T-Mobile US Inc. adjusted debt-to-capital ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 T-Mobile US Inc. adjusted financial leverage ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. T-Mobile US Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. T-Mobile US Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. T-Mobile US Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

T-Mobile US Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Revenues 81,400 78,558 79,571 80,118 68,397
Total assets 208,035 207,682 211,338 206,563 200,162
Activity Ratio
Total asset turnover1 0.39 0.38 0.38 0.39 0.34
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenues2 81,797 78,603 79,495 79,944 68,796
Adjusted total assets3 208,211 207,843 211,505 206,709 200,356
Activity Ratio
Adjusted total asset turnover4 0.39 0.38 0.38 0.39 0.34

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Total asset turnover = Revenues ÷ Total assets
= 81,400 ÷ 208,035 = 0.39

2 Adjusted revenues. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 81,797 ÷ 208,211 = 0.39

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. T-Mobile US Inc. adjusted total asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Current assets 18,404 19,015 19,067 20,891 23,885
Current liabilities 20,174 20,928 24,742 23,499 21,703
Liquidity Ratio
Current ratio1 0.91 0.91 0.77 0.89 1.10
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 18,580 19,176 19,234 21,037 24,079
Adjusted current liabilities3 18,952 20,103 23,962 22,643 20,673
Liquidity Ratio
Adjusted current ratio4 0.98 0.95 0.80 0.93 1.16

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 18,404 ÷ 20,174 = 0.91

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 18,580 ÷ 18,952 = 0.98

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. T-Mobile US Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 80,591 77,514 74,491 76,768 73,632
Stockholders’ equity 61,741 64,715 69,656 69,102 65,344
Solvency Ratio
Debt to equity1 1.31 1.20 1.07 1.11 1.13
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 110,280 109,309 107,858 106,011 104,219
Adjusted stockholders’ equity3 79,839 79,271 81,957 80,406 76,697
Solvency Ratio
Adjusted debt to equity4 1.38 1.38 1.32 1.32 1.36

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 80,591 ÷ 61,741 = 1.31

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 110,280 ÷ 79,839 = 1.38

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. T-Mobile US Inc. adjusted debt-to-equity ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 80,591 77,514 74,491 76,768 73,632
Total capital 142,332 142,229 144,147 145,870 138,976
Solvency Ratio
Debt to capital1 0.57 0.54 0.52 0.53 0.53
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 110,280 109,309 107,858 106,011 104,219
Adjusted total capital3 190,119 188,580 189,815 186,417 180,916
Solvency Ratio
Adjusted debt to capital4 0.58 0.58 0.57 0.57 0.58

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 80,591 ÷ 142,332 = 0.57

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 110,280 ÷ 190,119 = 0.58

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. T-Mobile US Inc. adjusted debt-to-capital ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total assets 208,035 207,682 211,338 206,563 200,162
Stockholders’ equity 61,741 64,715 69,656 69,102 65,344
Solvency Ratio
Financial leverage1 3.37 3.21 3.03 2.99 3.06
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 208,211 207,843 211,505 206,709 200,356
Adjusted stockholders’ equity3 79,839 79,271 81,957 80,406 76,697
Solvency Ratio
Adjusted financial leverage4 2.61 2.62 2.58 2.57 2.61

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 208,035 ÷ 61,741 = 3.37

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 208,211 ÷ 79,839 = 2.61

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 T-Mobile US Inc. adjusted financial leverage ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income 11,339 8,317 2,590 3,024 3,064
Revenues 81,400 78,558 79,571 80,118 68,397
Profitability Ratio
Net profit margin1 13.93% 10.59% 3.25% 3.77% 4.48%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 14,866 10,680 3,730 3,138 3,435
Adjusted revenues3 81,797 78,603 79,495 79,944 68,796
Profitability Ratio
Adjusted net profit margin4 18.17% 13.59% 4.69% 3.93% 4.99%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Net profit margin = 100 × Net income ÷ Revenues
= 100 × 11,339 ÷ 81,400 = 13.93%

2 Adjusted net income. See details »

3 Adjusted revenues. See details »

4 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 14,866 ÷ 81,797 = 18.17%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. T-Mobile US Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income 11,339 8,317 2,590 3,024 3,064
Stockholders’ equity 61,741 64,715 69,656 69,102 65,344
Profitability Ratio
ROE1 18.37% 12.85% 3.72% 4.38% 4.69%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 14,866 10,680 3,730 3,138 3,435
Adjusted stockholders’ equity3 79,839 79,271 81,957 80,406 76,697
Profitability Ratio
Adjusted ROE4 18.62% 13.47% 4.55% 3.90% 4.48%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 11,339 ÷ 61,741 = 18.37%

2 Adjusted net income. See details »

3 Adjusted stockholders’ equity. See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 14,866 ÷ 79,839 = 18.62%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. T-Mobile US Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income 11,339 8,317 2,590 3,024 3,064
Total assets 208,035 207,682 211,338 206,563 200,162
Profitability Ratio
ROA1 5.45% 4.00% 1.23% 1.46% 1.53%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 14,866 10,680 3,730 3,138 3,435
Adjusted total assets3 208,211 207,843 211,505 206,709 200,356
Profitability Ratio
Adjusted ROA4 7.14% 5.14% 1.76% 1.52% 1.71%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 11,339 ÷ 208,035 = 5.45%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 14,866 ÷ 208,211 = 7.14%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. T-Mobile US Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.