vs
Side-by-side financial comparison of Chevron Corporation (CVX) and T-Mobile US (TMUS). Click either name above to swap in a different company.
Chevron Corporation is the larger business by last-quarter revenue ($45.8B vs $23.1B, roughly 2.0× T-Mobile US). T-Mobile US runs the higher net margin — 10.8% vs 6.0%, a 4.8% gap on every dollar of revenue. On growth, T-Mobile US posted the faster year-over-year revenue change (10.6% vs -5.3%). Chevron Corporation produced more free cash flow last quarter ($5.5B vs $4.6B). Over the past eight quarters, T-Mobile US's revenue compounded faster (8.1% CAGR vs -0.9%).
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries.
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier in the United States, with 140 million subscribers as of September 30, 2025.
CVX vs TMUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $45.8B | $23.1B |
| Net Profit | $2.8B | $2.5B |
| Gross Margin | 44.6% | — |
| Operating Margin | 10.0% | 20.8% |
| Net Margin | 6.0% | 10.8% |
| Revenue YoY | -5.3% | 10.6% |
| Net Profit YoY | -14.5% | -15.2% |
| EPS (diluted) | $1.36 | $2.27 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $23.1B | ||
| Q4 25 | $45.8B | $24.3B | ||
| Q3 25 | $48.2B | $22.0B | ||
| Q2 25 | $44.4B | $21.1B | ||
| Q1 25 | $46.1B | $20.9B | ||
| Q4 24 | $48.3B | $21.9B | ||
| Q3 24 | $48.9B | $20.2B | ||
| Q2 24 | $49.6B | $19.8B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.8B | $2.1B | ||
| Q3 25 | $3.5B | $2.7B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $3.5B | $3.0B | ||
| Q4 24 | $3.2B | $3.0B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.4B | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | 44.6% | — | ||
| Q3 25 | 43.1% | — | ||
| Q2 25 | 39.5% | — | ||
| Q1 25 | 37.9% | — | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.7% | — |
| Q1 26 | — | 20.8% | ||
| Q4 25 | 10.0% | 15.4% | ||
| Q3 25 | 11.2% | 20.6% | ||
| Q2 25 | 9.3% | 24.7% | ||
| Q1 25 | 12.1% | 23.0% | ||
| Q4 24 | 12.5% | 21.0% | ||
| Q3 24 | 13.3% | 23.8% | ||
| Q2 24 | 14.2% | 23.4% |
| Q1 26 | — | 10.8% | ||
| Q4 25 | 6.0% | 8.6% | ||
| Q3 25 | 7.3% | 12.4% | ||
| Q2 25 | 5.6% | 15.2% | ||
| Q1 25 | 7.6% | 14.1% | ||
| Q4 24 | 6.7% | 13.6% | ||
| Q3 24 | 9.2% | 15.2% | ||
| Q2 24 | 8.9% | 14.8% |
| Q1 26 | — | $2.27 | ||
| Q4 25 | $1.36 | $1.89 | ||
| Q3 25 | $1.82 | $2.41 | ||
| Q2 25 | $1.45 | $2.84 | ||
| Q1 25 | $2.00 | $2.58 | ||
| Q4 24 | $1.84 | $2.56 | ||
| Q3 24 | $2.48 | $2.61 | ||
| Q2 24 | $2.43 | $2.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.5B |
| Total DebtLower is stronger | $39.8B | $86.0B |
| Stockholders' EquityBook value | $186.4B | $55.9B |
| Total Assets | $324.0B | $214.7B |
| Debt / EquityLower = less leverage | 0.21× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $10.3B | ||
| Q1 25 | — | $12.0B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $9.8B | ||
| Q2 24 | $4.0B | $6.4B |
| Q1 26 | — | $86.0B | ||
| Q4 25 | $39.8B | $86.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $20.1B | $78.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $55.9B | ||
| Q4 25 | $186.4B | $59.2B | ||
| Q3 25 | $189.8B | $60.5B | ||
| Q2 25 | $146.4B | $61.1B | ||
| Q1 25 | $149.2B | $61.1B | ||
| Q4 24 | $152.3B | $61.7B | ||
| Q3 24 | $156.2B | $64.3B | ||
| Q2 24 | $159.2B | $62.6B |
| Q1 26 | — | $214.7B | ||
| Q4 25 | $324.0B | $219.2B | ||
| Q3 25 | $326.5B | $217.2B | ||
| Q2 25 | $250.8B | $212.6B | ||
| Q1 25 | $256.4B | $214.6B | ||
| Q4 24 | $256.9B | $208.0B | ||
| Q3 24 | $259.2B | $210.7B | ||
| Q2 24 | $260.6B | $208.6B |
| Q1 26 | — | 1.54× | ||
| Q4 25 | 0.21× | 1.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.13× | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $10.8B | $7.2B |
| Free Cash FlowOCF − Capex | $5.5B | $4.6B |
| FCF MarginFCF / Revenue | 12.1% | 19.9% |
| Capex IntensityCapex / Revenue | 11.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.89× | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | $16.6B | $18.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $10.8B | $6.7B | ||
| Q3 25 | $9.4B | $7.5B | ||
| Q2 25 | $8.6B | $7.0B | ||
| Q1 25 | $5.2B | $6.8B | ||
| Q4 24 | $8.7B | $5.5B | ||
| Q3 24 | $9.7B | $6.1B | ||
| Q2 24 | $6.3B | $5.5B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $5.5B | $4.2B | ||
| Q3 25 | $4.9B | $4.8B | ||
| Q2 25 | $4.9B | $4.6B | ||
| Q1 25 | $1.3B | $4.4B | ||
| Q4 24 | $4.4B | $3.3B | ||
| Q3 24 | $5.6B | $4.2B | ||
| Q2 24 | $2.3B | $3.5B |
| Q1 26 | — | 19.9% | ||
| Q4 25 | 12.1% | 17.2% | ||
| Q3 25 | 10.3% | 21.9% | ||
| Q2 25 | 11.0% | 21.7% | ||
| Q1 25 | 2.7% | 21.0% | ||
| Q4 24 | 9.0% | 15.3% | ||
| Q3 24 | 11.5% | 20.7% | ||
| Q2 24 | 4.7% | 17.6% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 11.5% | 10.1% | ||
| Q3 25 | 9.2% | 12.0% | ||
| Q2 25 | 8.4% | 11.3% | ||
| Q1 25 | 8.5% | 11.7% | ||
| Q4 24 | 9.0% | 10.1% | ||
| Q3 24 | 8.3% | 9.7% | ||
| Q2 24 | 8.0% | 10.3% |
| Q1 26 | — | 2.88× | ||
| Q4 25 | 3.89× | 3.16× | ||
| Q3 25 | 2.65× | 2.75× | ||
| Q2 25 | 3.44× | 2.17× | ||
| Q1 25 | 1.48× | 2.32× | ||
| Q4 24 | 2.68× | 1.86× | ||
| Q3 24 | 2.16× | 2.01× | ||
| Q2 24 | 1.42× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVX
| Other | $17.5B | 38% |
| Downstream Segment | $16.8B | 37% |
| Upstream Segment | $11.5B | 25% |
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
