TMUS
T-Mobile US, Inc.
TMUS has the edge over TTWO overall, supported by stronger valuation and stronger modeled upside.
TTWO
Take-Two Interactive Software, Inc.
TTWO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
TTWO Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Under pressure | |
| Weak |
TTWO's profitability is currently stable, but its revenue, cash flow and balance sheet are under pressure.
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.
TTWO PE Valuation
TTWO has no meaningful PE right now: it lost money over the past year.
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.
TTWO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for TTWO, with profitability improving. However, they disagree widely on these estimates.
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 has the edge over TTWO on earnings quality, reporting a profit while its opponent remains loss making.
TTWO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.45 | — |
| Q3 2026 | -$1.29 | +$21.49 |
| Q2 2026 | -$1.73 | +$22.40 |
| Q1 2026 | -$1.62 | +$23.96 |
| Q4 2025 | -$22.57 | -$1.21 |
| Q3 2025 | -$22.78 | -$1.59 |
| Q2 2025 | -$24.13 | -$1.82 |
| Q1 2025 | -$25.58 | -$3.57 |
| Q4 2024 | -$21.36 | -$12.58 |
TTWO is still losing money, but far less than before: $1.29 per share over the past year, against $25.58 at its worst in early 2025.
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 TTWO on profitability, with a higher operating margin.
TTWO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -16% |
| Q2 2026 | $1.5B | +2% |
| Q1 2026 | $1.7B | +6.1% |
| Q4 2025 | $1.7B | +25% |
| Q3 2025 | $1.8B | +31% |
| Q2 2025 | $1.5B | +12% |
| Q1 2025 | $1.6B | +13% |
| Q4 2024 | $1.4B | -0.5% |
TTWO's revenue fell from its 2025 peak and has held roughly level since: $1.5B last quarter, down 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -7.8% | -2.3 points |
| Q2 2026 | -2.3% | -3.8 points |
| Q1 2026 | 0.7% | +239 points |
| Q4 2025 | -2.3% | +7.4 points |
| Q3 2025 | -5.5% | +16 points |
| Q2 2025 | 1.4% | +15 points |
| Q1 2025 | -239% | -45 points |
| Q4 2024 | -9.7% | -0.2 points |
TTWO's operating margin was −7.8% last quarter, down 2.3 points from the same quarter a year ago.
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 TTWO on cash flow, with more consistent year-over-year improvement.
TTWO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$143M | -248% |
| Q2 2026 | -$193.8M | -$124M |
| Q1 2026 | $198.6M | -12% |
| Q4 2025 | $236.2M | +$284.4M |
| Q3 2025 | $96.5M | +$261.7M |
| Q2 2025 | -$69.8M | +$156.3M |
| Q1 2025 | $224.9M | +$280M |
| Q4 2024 | -$48.2M | +$64.4M |
TTWO usually generates cash, though not every quarter: the latest was −$143M, but it generated $98M over 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 TTWO 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.
TTWO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +900K shares |
| 1 year | +1.4% | +2.5M shares |
| 3 years | +10% | +17.2M shares |
| 5 years | +60% | +70.3M shares |
| Available history | +64% | +72.8M shares |
TTWO has 187M diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2023 | — |
| Q4 2022 | — |
| Q1 2022 | — |
| Q1 2020 | — |
| Q4 2019 | — |
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 TTWO on leverage, with a lower net debt burden relative to earnings.
TTWO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 92.6x | High |
| Q2 2026 | 33.0x | High |
| Q1 2026 | 10.3x | High |
| Q3 2022 | 30.0x | High |
| Q2 2022 | 7.2x | High |
| Q1 2022 | -3.2x | Net Cash |
| Q4 2021 | -1.5x | Net Cash |
| Q3 2021 | -1.3x | Net Cash |
TTWO's net debt is more than 20 years of its operating earnings (EBITDA), up from 7.2 years a year ago.
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).
TTWO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 36.8 | Neutral |
TTWO's weekly RSI is 53 (neutral) and its Stochastic is 37 (neutral).
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.
TTWO PE vs Communication Services Sector
| Metric | TTWO | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
TTWO has no meaningful PE right now: it lost money over the past year.
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.
TTWO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $207.3 | 9.5% above |
| 20 week MA | $223.6 | 1.5% above |
| 50 week MA | $222.8 | 1.9% above |
| 100 week MA | $223.0 | 1.8% above |
| 200 week MA | $184.7 | 23% above |
TTWO has the edge over TMUS on trend strength, trading above more of its moving averages.
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.
TTWO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $124.5 | $202.5 | +63% |
| 2021 | $202.5 | $178.0 | -12% |
| 2022 | $178.0 | $99.8 | -44% |
| 2023 | $99.8 | $161.0 | +61% |
| 2024 | $161.0 | $186.4 | +16% |
| 2025 | $186.4 | $256.1 | +37% |
| 2026 YTD | $256.1 | $227.0 | -11% |
TTWO has the edge over TMUS on returns for 2026, with the stronger performance.