AD
Array Digital Infrastructure, Inc.
AD trails on the overall score without a compensating advantage in the available component scores.
TMUS
T-Mobile US, Inc.
TMUS has the edge over AD overall, supported by stronger modeled upside and lower modeled downside.
AD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Weak | |
| Healthy |
AD's profitability and balance sheet are currently healthy, but its revenue and cash flow are under pressure.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
AD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.7x | $27.33 | — |
| Cheap | 14x | $108 | +294% |
| Fair | 20x | $149 | +444% |
| Forward | 25x | $27.33 | — |
| Expensive | 78x | $577 | +2012% |
Historical ranges are pointers, not guarantees.
AD has the edge over TMUS in the historical PE scenario, which offers more potential upside but is not a forecast.
TMUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $171 | — |
| Current | 16x | $171 | — |
| Cheap | 21x | $218 | +27% |
| Fair | 26x | $274 | +60% |
| Expensive | 56x | $581 | +240% |
Historical ranges are pointers, not guarantees.
TMUS's PE is in its cheap range at 16x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
AD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Decline | |
| -- | |
| Limited | |
| High |
Analysts expect AD's earnings and revenue to decline, though with profitability holding steady.
TMUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
TMUS has the edge over AD on the outlook, with more favorable valuation and earnings expectations.
AD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.08 | -85% |
| Q3 2026 | $7.44 | +3816% |
| Q2 2026 | $6.20 | +$6.49 |
| Q1 2026 | $2.41 | +$2.86 |
| Q4 2025 | $0.56 | +$1.02 |
| Q3 2025 | $0.19 | +$0.54 |
| Q2 2025 | -$0.29 | -135% |
| Q1 2025 | -$0.45 | -166% |
| Q4 2024 | -$0.46 | -173% |
AD's earnings per share have jumped to their highest in seven years: $7.44 over the past year, up from $0.19 the year before. Its recent earnings include one-off gains.
TMUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.49 | +30% |
| Q3 2026 | $10.37 | -0.2% |
| Q2 2026 | $9.56 | -9.7% |
| Q1 2026 | $9.41 | -8.1% |
| Q4 2025 | $9.72 | +0.6% |
| Q3 2025 | $10.39 | +18% |
| Q2 2025 | $10.59 | +33% |
| Q1 2025 | $10.24 | +39% |
| Q4 2024 | $9.66 | +39% |
TMUS earned $10.37 per share over the past year, about the same as the year before.
AD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $53.9M | +14% |
| Q2 2026 | $54.1M | -94% |
| Q1 2026 | $52M | -94% |
| Q4 2025 | $60.3M | -94% |
| Q3 2025 | $47.1M | -95% |
| Q2 2025 | $916M | -1.2% |
| Q1 2025 | $891M | -6.2% |
| Q4 2024 | $971M | -2.9% |
AD's revenue is recovering but still below its 2022 peak: $54M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.3% | +109 points |
| Q2 2026 | 738% | +735 points |
| Q1 2026 | 309% | +305 points |
| Q4 2025 | 14% | +15 points |
| Q3 2025 | -113% | -103 points |
| Q2 2025 | 3.8% | -0.1 points |
| Q1 2025 | 4.6% | -0.8 points |
| Q4 2024 | -0.9% | -3.1 points |
AD's operating margin was −4.3% last quarter, up 109 points from the same quarter a year ago, near the bottom of its range since 2019.
TMUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.6B | +7.4% |
| Q2 2026 | $22.8B | +7.9% |
| Q1 2026 | $23.1B | +11% |
| Q4 2025 | $24.3B | +11% |
| Q3 2025 | $22B | +8.9% |
| Q2 2025 | $21.1B | +6.9% |
| Q1 2025 | $20.9B | +6.6% |
| Q4 2024 | $21.9B | +6.8% |
TMUS has the edge over AD on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +3.4 points |
| Q2 2026 | 24% | -0.6 points |
| Q1 2026 | 19% | -3.5 points |
| Q4 2025 | 15% | -5.6 points |
| Q3 2025 | 21% | -3.2 points |
| Q2 2025 | 25% | +1.3 points |
| Q1 2025 | 23% | +2.6 points |
| Q4 2024 | 21% | +4 points |
TMUS has the edge over AD on profitability, with a higher operating margin.
AD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$177M | -482% |
| Q2 2026 | -$48.6M | -119% |
| Q1 2026 | $10M | -89% |
| Q4 2025 | -$210.7M | -$194.7M |
| Q3 2025 | $46.3M | -60% |
| Q2 2025 | $250M | +42% |
| Q1 2025 | $88M | +26% |
| Q4 2024 | -$16M | -$9M |
AD's free cash flow was −$426M over the past year, against $368M the year before.
TMUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +5.3% |
| Q2 2026 | $4.8B | +4.4% |
| Q1 2026 | $4.6B | +4.6% |
| Q4 2025 | $4.2B | +25% |
| Q3 2025 | $4.8B | +15% |
| Q2 2025 | $4.6B | +32% |
| Q1 2025 | $4.4B | +79% |
| Q4 2024 | $3.3B | +2% |
TMUS has the edge over AD on cash generation, producing positive trailing cash flow while its opponent burns cash.
AD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +13K shares |
| 1 year | -0.4% | -323K shares |
| 3 years | +0.6% | +523K shares |
| 5 years | -0.5% | -477K shares |
| Available history | -1.7% | -1.5M shares |
AD has 87M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $360,000 |
| Q2 2025 | — |
| Q1 2025 | $21M |
| Q4 2024 | $28M |
AD hasn't bought back shares in the past year.
TMUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -10.8M shares |
| 1 year | -4.9% | -55M shares |
| 3 years | -8.8% | -103M shares |
| 5 years | -15% | -182M shares |
| Available history | +24% | +207M shares |
TMUS has the edge over AD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.4B |
| Q2 2026 | $2.3B |
| Q1 2026 | $4.8B |
| Q4 2025 | $2.4B |
| Q3 2025 | $2.5B |
| Q2 2025 | $2.6B |
| Q1 2025 | $2.5B |
| Q4 2024 | $4.7B |
TMUS spent $12B buying back its own shares over the past year, down 1.7% from the year before.
AD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 4.2x | High |
| Q4 2024 | 4.2x | High |
AD's net debt is less than a year of its operating earnings (EBITDA).
TMUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 2.4x | Moderate |
TMUS has the edge over AD on leverage, with a lower net debt burden relative to earnings.
AD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 22.9 | Oversold |
| Stochastic | 11.1 | Oversold |
AD's weekly RSI is 23 (oversold) and its Stochastic is 11 (oversold).
TMUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 42.1 | Neutral |
TMUS's weekly RSI is 48 (neutral) and its Stochastic is 42 (neutral).
AD PE vs Communication Services Sector
| Metric | AD | Sector median | Relative |
|---|---|---|---|
| PE | 3.7x | 16x | 78% below |
| PE % | 0 | 26 | 26 pts below |
AD has the edge over TMUS on valuation relative to its sector.
TMUS PE vs Communication Services Sector
| Metric | TMUS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | Same PE |
| PE % | 1 | 26 | 25 pts below |
TMUS is trading at 16x earnings, in line with the Communication Services sector's median of 16x.
AD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.4 | 16% below |
| 20 week MA | $34.5 | 21% below |
| 50 week MA | $43.2 | 37% below |
| 100 week MA | $52.0 | 47% below |
| 200 week MA | $45.7 | 40% below |
AD is in a downtrend: it's below all five of its weekly moving averages, and 40% below its 200-week average.
TMUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.1 | 7.5% above |
| 20 week MA | $172.0 | 0.5% below |
| 50 week MA | $187.8 | 8.9% below |
| 100 week MA | $212.9 | 20% below |
| 200 week MA | $188.7 | 9.4% below |
TMUS has the edge over AD on trend strength, trading above more of its moving averages.
AD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.0 | $30.0 | -14% |
| 2021 | $30.0 | $32.1 | +7% |
| 2022 | $32.1 | $20.6 | -36% |
| 2023 | $20.6 | $41.5 | +101% |
| 2024 | $41.5 | $63.7 | +53% |
| 2025 | $63.7 | $53.5 | -16% |
| 2026 YTD | $53.5 | $27.3 | -49% |
AD has finished lower in three of the last six years. It's down 49% so far in 2026.
TMUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.2 | $132.9 | +72% |
| 2021 | $132.9 | $119.9 | -9.8% |
| 2022 | $119.9 | $140.0 | +17% |
| 2023 | $140.0 | $160.3 | +15% |
| 2024 | $160.3 | $223.0 | +39% |
| 2025 | $223.0 | $201.0 | -9.9% |
| 2026 YTD | $201.0 | $171.0 | -15% |
TMUS has the edge over AD on returns for 2026, with the stronger performance.