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T-Mobile US (TMUS) Financial Forecast Calculator

Interactive 5-year forecast and DCF for T-Mobile US. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from T-Mobile US’s most recent SEC filings.

Revenue FY30
$157.65B
from $78.56B
FCF FY30
$26.03B
Margin 16.5%
Enterprise value
$350.44B
4.5× LTM revenue
Equity value
$277.59B
Net debt $72.86B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
14.9%
-10.0%baseline 14.9%40.0%
Gross margin
45.0%
5.0%baseline 45.0%90.0%
Capex % of revenue
15.2%
0.0%baseline 15.2%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the T-Mobile US forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What is T-Mobile US's primary business model and how does it generate revenue?+

T-Mobile US operates as a leading wireless telecommunications provider in the United States, offering wireless voice, messaging, data, and high-speed internet services. The company primarily generates revenue from Service Revenues, which include Postpaid, Prepaid, and Wholesale services, accounting for approximately 81% of its total revenues, with the remainder coming from Equipment Revenues.

What are the key drivers of T-Mobile US's revenue growth?+

T-Mobile US's revenue growth is primarily driven by its strong performance in Service Revenues, particularly through postpaid phone net additions, where it consistently leads the industry. Expansion of its 5G network leadership and fixed wireless broadband services also contribute significantly to its top-line performance.

What is T-Mobile US's capital expenditure strategy and its typical Capex as a percentage of revenue?+

T-Mobile US operates an asset-heavy model requiring significant capital investments in network infrastructure and spectrum. Its capital expenditure typically ranges from 12% to 15% of total revenues, with current investments focused on network densification, C-band and 3.45 GHz spectrum deployment, and fibre joint ventures.

Does T-Mobile US typically operate with positive or negative net working capital?+

T-Mobile US generally operates with negative net working capital, leveraging supplier financing and deferred revenue to support its operations. While Equipment Installment Plan (EIP) receivables can consume cash during high-volume periods, the overall working capital profile remains negative.

What is the purpose of the T-Mobile US financial model, and what key factors does it assess for valuation?+

The T-Mobile US financial model serves as a comprehensive equity valuation and scenario planning tool. It is designed to assess the impact of the company's 5G network leadership, fixed wireless broadband expansion, and aggressive capital return program on its intrinsic share value.

Can I download an Excel financial model for T-Mobile US, and what is its forecast horizon?+

Yes, an Excel financial model for T-Mobile US (TMUS) is available for download, belonging to the general corporate model family. This model provides a forecast horizon spanning from fiscal year 2026 through fiscal year 2030.

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