TMUS
T-Mobile US, Inc.
TMUS has the edge over XNET overall, supported by stronger valuation.
XNET
Xunlei Limited
XNET 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.
XNET Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Strong |
XNET's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
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.
XNET PE Valuation
XNET 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.
XNET Forward outlook
There aren't enough analyst estimates for XNET to show an outlook.
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 XNET on earnings quality, reporting a profit while its opponent remains loss making.
XNET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$6.35 | -111% |
| Q1 2026 | $68.25 | +$69.00 |
| Q4 2025 | $82.03 | +$82.66 |
| Q3 2025 | $99.53 | +43174% |
| Q2 2025 | $56.61 | +25632% |
| Q1 2025 | -$0.75 | -388% |
| Q4 2024 | -$0.63 | -386% |
| Q3 2024 | $0.23 | +21% |
XNET has swung to a loss: it lost $6.35 per share over the past year, after a profit the year before.
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 XNET on profitability, with a higher operating margin.
XNET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $102.3M | -1.2% |
| Q1 2026 | $98.1M | +11% |
| Q4 2025 | $143.1M | +70% |
| Q3 2025 | $125.9M | +58% |
| Q2 2025 | $103.5M | +31% |
| Q1 2025 | $88.5M | +11% |
| Q4 2024 | $84M | +9.3% |
| Q3 2024 | $79.8M | -4.9% |
XNET's revenue is growing: $102M last quarter, down 1.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -4.7% | -5.7 points |
| Q1 2026 | 4.4% | +6.5 points |
| Q4 2025 | 3.3% | +28 points |
| Q3 2025 | 2.2% | +2.4 points |
| Q2 2025 | 1.1% | -0.1 points |
| Q1 2025 | -2.1% | -7.2 points |
| Q4 2024 | -24% | -24 points |
| Q3 2024 | -0.2% | +2.8 points |
XNET's operating margin was −4.7% last quarter, down 5.7 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 XNET on cash flow, with more consistent year-over-year improvement.
XNET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $26.7M | +$26.7M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
XNET generated $27M in free cash flow over the past year, against $0 the year before.
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 XNET 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.
XNET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +143K shares |
| 1 year | +0.5% | +61.9K shares |
| 3 years | -81% | -52.8M shares |
| 5 years | -81% | -55.8M shares |
| Available history | -81% | -55M shares |
XNET has 13M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $951,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
XNET spent $951,000 buying back its own shares over the past year, after none the year before.
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).
XNET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q3 2024 | -5.8x | Net Cash |
| Q2 2024 | -5.4x | Net Cash |
| Q1 2024 | -4.9x | Net Cash |
XNET has the edge over TMUS on leverage, with a lower net debt burden relative to earnings.
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).
XNET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.5 | Neutral |
| Stochastic | 13.6 | Oversold |
XNET's weekly RSI is 30 (neutral) and its Stochastic is 14 (oversold).
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.
XNET PE vs Communication Services Sector
| Metric | XNET | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
XNET 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 the edge over XNET on trend strength, trading above more of its moving averages.
XNET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.18 | 15% below |
| 20 week MA | $4.83 | 27% below |
| 50 week MA | $5.65 | 37% below |
| 100 week MA | $5.42 | 35% below |
| 200 week MA | $3.57 | 0.8% below |
XNET is in a downtrend: it's below all five of its weekly moving averages, and 0.8% below its 200-week average.
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 XNET on returns for 2026, with the stronger performance.
XNET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.60 | $2.93 | -36% |
| 2021 | $2.93 | $2.13 | -27% |
| 2022 | $2.13 | $1.95 | -8.5% |
| 2023 | $1.95 | $1.62 | -17% |
| 2024 | $1.62 | $2.06 | +27% |
| 2025 | $2.06 | $7.21 | +250% |
| 2026 YTD | $7.21 | $3.54 | -51% |
XNET has finished lower in four of the last six years. It's down 51% so far in 2026.