T-Mobile US, Inc.

TMUS · Communications · $211.7B mkt cap · FY2025 filings · Wide moat

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Wide moat

The four filters

Pricing power100

Median gross margin 71.3% over 2y, very stable.

Returns on capital83

Median ROIC 17.0%, above the 9% hurdle in 90% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline60

Owner earnings +19.2%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

4% above value

Owner earnings (normalized): $11.3B
Est. intrinsic value / share: $184.30
Recent price: $191.25
Discount to value: 4% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell TMUS. See the disclaimer.