ATEX
Anterix Inc.
ATEX's outlook is improving, though it still trails on the overall score.
TMUS
T-Mobile US, Inc.
TMUS has the edge over ATEX overall, supported by lower modeled downside and stronger modeled upside.
ATEX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Strong |
ATEX's revenue, profitability, cash flow and balance sheet are all currently healthy.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
ATEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.4x | $3.19 | -96% |
| Fair | 20x | $7.73 | -91% |
| Expensive | 44x | $16.81 | -80% |
| Current | 218x | $82.69 | — |
Historical ranges are pointers, not guarantees.
ATEX's PE is in its expensive range at 218x.
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 has the edge over ATEX in the historical PE scenario, which offers more potential upside but is not a forecast.
ATEX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect ATEX's losses to shrink, with revenue growing.
TMUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TMUS, with profitability improving.
ATEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.38 | -93% |
| Q2 2026 | $3.49 | +121% |
| Q1 2026 | $4.83 | +$5.44 |
| Q4 2025 | $4.37 | +$6.00 |
| Q3 2025 | $5.13 | +$7.15 |
| Q2 2025 | $1.58 | +$2.80 |
| Q1 2025 | -$0.61 | -$0.12 |
| Q4 2024 | -$1.63 | -294% |
ATEX's earnings per share have fallen from their peak: $0.38 over the past year, against $5.13 in late 2025.
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.
ATEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2M | +26% |
| Q2 2026 | $2M | +38% |
| Q1 2026 | $2M | +41% |
| Q4 2025 | $1.6M | +0.4% |
| Q3 2025 | $1.6M | +0.1% |
| Q2 2025 | $1.4M | -7% |
| Q1 2025 | $1.4M | +10% |
| Q4 2024 | $1.6M | +23% |
ATEX's revenue has grown year over year for five quarters in a row: $2M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -292% | -4201 points |
| Q2 2026 | -13% | -1598 points |
| Q1 2026 | 1013% | +337 points |
| Q4 2025 | -576% | -1025 points |
| Q3 2025 | 3909% | +4756 points |
| Q2 2025 | 1585% | +2570 points |
| Q1 2025 | 676% | +1511 points |
| Q4 2024 | 449% | +373 points |
ATEX's operating margin was −292% last quarter, down 4201 points from the same quarter a year ago.
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's revenue has grown year over year for 10 quarters in a row: $23.6B last quarter, up 7.4% from the same quarter a year ago.
| 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 ATEX on profitability, with a higher operating margin.
ATEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $2M | +$5.1M |
| Q1 2026 | $15.5M | +$32.1M |
| Q4 2025 | -$8.3M | -$582K |
| Q2 2025 | -$3.1M | -$779K |
| Q1 2025 | -$16.6M | -372% |
| Q4 2024 | -$7.7M | -123% |
| Q3 2024 | -$2.7M | -126% |
| Q2 2024 | -$2.4M | +$5.9M |
ATEX has the stronger cash trend. Its trailing FCF is up 204% versus its history, compared with TMUS at up 148%.
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 generated $18.7B in free cash flow over the past year, up 8.8% from the year before.
ATEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -31.8K shares |
| 1 year | +4.8% | +890K shares |
| 3 years | +2.5% | +486K shares |
| 5 years | +9.6% | +1.7M shares |
| Available history | +15% | +2.5M shares |
ATEX has 20M diluted shares, up 4.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $990,000 |
| Q2 2025 | — |
| Q1 2025 | $2M |
| Q4 2024 | $4.4M |
| Q3 2024 | — |
| Q2 2024 | $2M |
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 ATEX 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.
ATEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -20.6x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q4 2023 | -3.6x | Net Cash |
| Q3 2023 | -6.2x | Net Cash |
ATEX has the edge over TMUS on leverage, with a lower net debt burden relative to earnings.
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's net debt is less than a year of its operating earnings (EBITDA).
ATEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.2 | Neutral |
| Stochastic | 42.7 | Neutral |
ATEX's weekly RSI is 53 (neutral) and its Stochastic is 43 (neutral).
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).
ATEX PE vs Communication Services Sector
| Metric | ATEX | Sector median | Relative |
|---|---|---|---|
| PE | 218x | 16x | 1,220% above |
| PE % | 100 | 26 | 74 pts above |
ATEX is trading at 218x earnings, a 1220% premium to the Communication Services sector's median of 16x.
TMUS PE vs Communication Services Sector
| Metric | TMUS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | Same PE |
| PE % | 1 | 26 | 25 pts below |
TMUS has the edge over ATEX on valuation relative to its sector.
ATEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $81.7 | 1.2% above |
| 20 week MA | $88.4 | 6.5% below |
| 50 week MA | $60.6 | 36% above |
| 100 week MA | $43.9 | 88% above |
| 200 week MA | $38.7 | 114% above |
ATEX has the edge over TMUS on trend strength, trading above more of its moving averages.
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 bounced recently, but its long-term trend is still down: it's above its 8-week average, but 9.4% below its 200-week average.
ATEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.2 | $39.6 | -6.1% |
| 2021 | $39.6 | $60.1 | +52% |
| 2022 | $60.1 | $30.9 | -49% |
| 2023 | $30.9 | $33.3 | +7.9% |
| 2024 | $33.3 | $30.7 | -7.7% |
| 2025 | $30.7 | $22.0 | -28% |
| 2026 YTD | $22.0 | $82.7 | +276% |
ATEX has the edge over TMUS on returns for 2026, with the stronger performance.
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 finished higher in four of the last six years. It's down 15% so far in 2026.