T-Mobile US, Inc. (TMUS) closed fiscal year 2025 with a gross margin of 62.9 % and a net margin of 12.4 %.
T-Mobile US, Inc. (TMUS) closed fiscal year 2025 with a gross margin of 62.9 % and a net margin of 12.4 %. The same year shows an EBITDA margin of 36.0 % and an EBIT margin of 20.7 %. The free cash flow margin was 20.4 %. Against the previous year the gross margin moved −0.7 pp and the net margin −1.5 pp. Across the period the gross margin ranges between 42.4 % in 2009 and 85.9 % in 2011. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 43.23 % | 42.41 % | 43.04 % | 85.87 % | 85.14 % | 49.82 % | 47.88 % | 54.11 % | 55.85 % | 56.39 % | — | — | — | — | 54.50 % | 61.57 % | 63.57 % | 62.89 % |
| EBITDA margin (%) | 26.28 % | 26.24 % | 28.72 % | -6.29 % | -16.28 % | 18.93 % | 19.71 % | 22.07 % | 27.46 % | 26.78 % | 27.23 % | 27.42 % | 30.39 % | 29.05 % | 25.38 % | 34.48 % | 38.00 % | 36.00 % |
| EBIT margin (%) | 17.00 % | 15.38 % | 17.67 % | -20.75 % | -32.44 % | 4.08 % | 4.79 % | 7.64 % | 10.80 % | 12.04 % | 12.26 % | 12.72 % | 9.70 % | 8.60 % | 8.22 % | 18.16 % | 22.13 % | 20.70 % |
| Net margin (%) | 5.43 % | 5.08 % | 4.75 % | -22.88 % | -37.20 % | 0.14 % | 0.84 % | 2.26 % | 3.89 % | 11.17 % | 6.67 % | 7.71 % | 4.48 % | 3.77 % | 3.25 % | 10.59 % | 13.93 % | 12.45 % |
| FCF margin (%) | -18.43 % | 1.94 % | 5.02 % | 10.92 % | 4.87 % | -1.97 % | -0.58 % | 2.13 % | -5.13 % | -3.46 % | -3.79 % | 0.96 % | -3.50 % | 1.99 % | 3.53 % | 11.15 % | 16.53 % | 20.38 % |
