T-Mobile US, Inc. TMUS

Name: TMUS Crucible Score
Creator: Kaladin Capital Intelligence

Communication ServicesTelecommunications ServicesNASDAQ📅 Scored March 7, 2026

Price at analysis: $212.31

Crucible Score

69.8

Quality × Value Composite

KQI — Quality

67.9

B-

Fundamental Quality Index

KVI — Value

72.0

Valuation Attractiveness Index

Crucible Verdict — TMUS

T-Mobile US, Inc. (TMUS) demonstrates solid fundamentals with a strong market position (80) and effective performance-based management, but faces concentration risk given its 52 diversification score in the competitive telecom space. The stock trades at a 10% discount to fair value despite an 88% earnings beat rate. TMUS offers compelling value for investors seeking exposure to wireless growth with proven execution.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

72.4

Growth Profile

62.7

Moat Durability⚠

67.5

Management Effectiveness

66.8

Diversification & Resilience

51.8

Market Position

80.0

Weakest dimension: Diversification & Resilience (51.8)

◆ KVI Value Dimensions

DCF Margin of Safety

64.5

FCF Yield & Cash Returns

81.6

Relative Valuation

67.0

Growth-Adjusted Value

84.0

Historical Valuation

65.5

Macro Context

67.2

◆ DCF Valuation Scenarios

Bear Case

$168.42

Base Case

$232.58

Bull Case

$318.75

Price at Analysis

$212.31

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$168.42	3.0%	20.0%	7.0%
🟢 Base	$232.58	4.5%	23.0%	6.5%
🟢 Bull	$318.75	6.0%	26.0%	6.0%

Key Assumptions: WACC derived using CAPM with 4.39% risk-free rate, 0.41 beta, and 5.5% ERP yielding ~6.65% cost of equity, blended with after-tax cost of debt (~4.2%) at ~65% debt weighting for WACC range of 6.0-7.0%. Revenue growth anchored to recent ~4-8% top-line trajectory with operating margins trending from ~21% toward 20-26% terminal range reflecting merger synergy maturation and competitive dynamics. Capex intensity normalizes to ~12% of revenue from elevated 20%+ levels during 5G buildout, driving substantial FCF expansion across all scenarios.

◆ Financial Snapshot

Profitability

Gross Margin54.8%

Operating Margin21.2%

Net Margin12.4%

ROIC7.0%

ROE11.4%

Balance Sheet

Balance SheetCR: 1.00

Cash ConversionFCF/EPS: 1.64x

Capital IntensityCapex/Rev: 11.3%

Altman Z-Score1.73 (Distress)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR2.5% CAGR

Earnings CAGR38.1% CAGR

Growth ConsistencyCV: 1.41

Segment Breadth5/6 growing (83%)

Quarterly TrendMargin↓

Earnings CredibilityConsistent Beater

◆ Revenue Breakdown — FY2025

By Segment

Branded Postpaid Revenue65.6%

Product, Equipment18.1%

Branded Prepaid Revenue11.9%

Wholesale Service Revenue3.3%

Product and Service, Other1.2%

◆ Analyst Consensus & Leadership

Analyst Price Targets

Avg Target (Last Quarter)$249.42

Analysts Covering (Quarter)13

Avg Target (Last Year)$262.56

Analysts (Year)24

Leadership & Governance

CEOMike Sievert · 6 years

CEO Ownership< 1%

Compensation94% performance-based

Insider ActivityBuying

Capital AllocationROIC 7.0% vs WACC 2.3%

Earnings Beat Rate88% (19/22)

◆ Company Profile

T-Mobile US, Inc. , together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands.

CEO

Srinivasan Gopalan

Employees

70000

Headquarters

Bellevue, WA, US

IPO Date

April 19, 2007

Exchange

NASDAQ

Website

t-mobile.com

◆ Related Companies in Our Universe

Other Communication Services companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.