T-Mobile US
T-Mobile US returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 9.59% | — | 17.99% | 4.96% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 9.33% | — | 18.02% | 4.91% | — |
| FY 2025 Q4 | Dec 31, 2025 | 9.92% | 9.56% | 2.96% | 18.18% | 5.15% | 2.2 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 10% | — | 19.03% | 5.55% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 10.31% | — | 19.74% | 5.8% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 9.99% | — | 19.35% | 5.66% | — |
| FY 2024 Q4 | Dec 31, 2024 | 10.03% | 9.62% | 690.51% | 17.93% | 5.46% | 2.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 8.98% | — | 16.09% | 4.95% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 8.45% | — | 14.73% | 4.51% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 7.99% | — | 13.57% | 4.2% | — |
| FY 2023 Q4 | Dec 31, 2023 | 7.73% | 7.64% | — | 12.38% | 3.97% | 0 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 7.24% | — | 11.54% | 3.69% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 5.98% | — | 9.05% | 2.93% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 4.33% | — | 5.58% | 1.81% | — |
| FY 2022 Q4 | Dec 31, 2022 | 3.89% | 3.54% | -18.61% | 3.73% | 1.24% | -3.8 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 2.63% | — | 2.22% | 0.74% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 2.78% | — | 2.5% | 0.83% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 3.52% | — | 4.11% | 1.35% | — |
| FY 2021 Q4 | Dec 31, 2021 | 4.74% | 3.81% | 10.25% | 4.5% | 1.49% | -3 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 4.24% | — | 5.04% | 1.7% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | — | — | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | — | — | — |
| FY 2020 Q4 | Dec 31, 2020 | 6.28% | 5.25% | 0.97% | 6.51% | 2.13% | -1.4 pp |
| FY 2020 Q3 | Sep 30, 2020 | — | 5.01% | — | — | 2.2% | — |
| FY 2019 Q4 | Dec 31, 2019 | 11.53% | 8.38% | 22.18% | 12.96% | 4.35% | 3.8 pp |
| FY 2019 Q3 | Sep 30, 2019 | 11.35% | 8.34% | — | 12.88% | 4.3% | 3.6 pp |
| FY 2019 Q2 | Jun 30, 2019 | 11.35% | 8.47% | — | 13.03% | 4.25% | 3.6 pp |
| FY 2019 Q1 | Mar 31, 2019 | 11.31% | 8.51% | — | 12.74% | 4.03% | 3.6 pp |
| FY 2018 Q4 | Dec 31, 2018 | 10.94% | 8.76% | — | 12.22% | 4.04% | 3.2 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 8.7% | — | 22.14% | 7.18% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 8.7% | — | 21.78% | 6.88% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 9.13% | — | 21.36% | 6.44% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 8.43% | — | 21.97% | 6.65% | — |
| FY 2017 Q3 | Sep 30, 2017 | 10.1% | 8.14% | — | 11.35% | 3.36% | 2.4 pp |
| FY 2017 Q2 | Jun 30, 2017 | 9.72% | 7.72% | — | 10.7% | 3.1% | 2 pp |
| FY 2017 Q1 | Mar 31, 2017 | 8.65% | 7.02% | — | 9.01% | 2.56% | 1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 7.06% | 6.93% | 36.73% | 8.08% | 2.28% | -0.6 pp |
| FY 2016 Q3 | Sep 30, 2016 | 7.08% | 6.99% | 22.72% | 7.69% | 2.23% | -0.6 pp |
| FY 2016 Q2 | Jun 30, 2016 | 6.24% | 6.19% | — | 6.48% | 1.88% | -1.5 pp |
| FY 2016 Q1 | Mar 31, 2016 | 6.67% | 6.01% | 23.93% | 7.45% | 2.13% | -1 pp |
| FY 2015 Q4 | Dec 31, 2015 | 5.22% | 4.1% | 11.81% | 4.21% | 1.23% | -2.5 pp |
| FY 2015 Q3 | Sep 30, 2015 | 4.54% | 3.45% | — | 3.22% | 0.95% | -3.2 pp |
| FY 2015 Q2 | Jun 30, 2015 | — | 2.56% | — | 1.81% | 0.56% | — |
| FY 2015 Q1 | Mar 31, 2015 | 3.54% | 3.39% | — | 2.15% | 0.63% | -4.2 pp |
| FY 2014 Q4 | Dec 31, 2014 | 3.41% | 3.08% | 4.34% | 1.65% | 0.46% | -4.3 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 2.59% | — | 0.94% | 0.25% | — |
| FY 2014 Q2 | Jun 30, 2014 | 4.07% | 3.27% | 4.53% | 1.37% | 0.38% | -3.6 pp |
| FY 2014 Q1 | Mar 31, 2014 | — | 2.16% | — | -2.54% | -0.7% | — |
| FY 2013 Q4 | Dec 31, 2013 | 4.76% | 3.72% | 0.87% | 0.4% | 0.12% | -2.9 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 2.86% | — | -0.01% | -0% | — |
| FY 2013 Q2 | Jun 30, 2013 | 3.82% | 2.91% | -0.7% | 2.94% | 0.84% | -3.9 pp |
| FY 2013 Q1 | Mar 31, 2013 | 7.25% | 8.68% | 2.92% | 12.36% | 3.39% | -0.5 pp |
| FY 2012 Q4 | Dec 31, 2012 | 9.31% | 9.15% | 288.48% | 12.54% | 4.01% | 1.6 pp |
| FY 2012 Q3 | Sep 30, 2012 | 10.14% | 10.32% | 39.42% | 14.76% | 4.69% | 2.4 pp |
| FY 2012 Q2 | Jun 30, 2012 | 8.65% | 9.24% | 4.32% | 11.27% | 3.51% | 1 pp |
| FY 2012 Q1 | Mar 31, 2012 | 7.79% | 8.5% | -12.02% | 9.51% | 2.93% | 0.1 pp |
| FY 2011 Q4 | Dec 31, 2011 | 8.35% | 9.47% | 11.91% | 11.02% | 3.46% | 0.6 pp |
| FY 2011 Q3 | Sep 30, 2011 | 8.16% | 9.17% | — | 8.39% | 2.54% | 0.5 pp |
| FY 2011 Q2 | Jun 30, 2011 | 8.93% | 10.16% | — | 8.96% | 2.79% | 1.2 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · TMUS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.