vs
Side-by-side financial comparison of T-Mobile US (TMUS) and TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (TSM). Click either name above to swap in a different company.
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD is the larger business by last-quarter revenue ($35.5B vs $23.1B, roughly 1.5× T-Mobile US). TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD runs the higher net margin — 50.5% vs 10.8%, a 39.6% gap on every dollar of revenue.
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.
Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest dedicated independent semiconductor foundry, headquartered in Hsinchu, Taiwan. It manufactures advanced logic chips on contract for fabless customers including Apple, NVIDIA, AMD, Qualcomm, and Broadcom, and leads the industry in leading-edge process nodes (3nm/5nm/7nm).
TMUS vs TSM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $23.1B | $35.5B |
| Net Profit | $2.5B | $17.9B |
| Gross Margin | — | 66.2% |
| Operating Margin | 20.8% | 58.0% |
| Net Margin | 10.8% | 50.5% |
| Revenue YoY | 10.6% | — |
| Net Profit YoY | -15.2% | — |
| EPS (diluted) | $2.27 | $111.55 |
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 | $35.5B | ||
| Q4 25 | $24.3B | $32.7B | ||
| Q3 25 | $22.0B | $30.7B | ||
| Q2 25 | $21.1B | $28.9B | ||
| Q1 25 | $20.9B | $26.0B | ||
| Q4 24 | $21.9B | $88.3B | ||
| Q3 24 | $20.2B | — | ||
| Q2 24 | $19.8B | — |
| Q1 26 | $2.5B | $17.9B | ||
| Q4 25 | $2.1B | $15.8B | ||
| Q3 25 | $2.7B | $14.0B | ||
| Q2 25 | $3.2B | $12.3B | ||
| Q1 25 | $3.0B | $11.2B | ||
| Q4 24 | $3.0B | $35.3B | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.9B | — |
| Q1 26 | — | 66.2% | ||
| Q4 25 | — | 62.3% | ||
| Q3 25 | — | 59.5% | ||
| Q2 25 | — | 58.6% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 56.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 20.8% | 58.0% | ||
| Q4 25 | 15.4% | 53.9% | ||
| Q3 25 | 20.6% | 50.6% | ||
| Q2 25 | 24.7% | 49.6% | ||
| Q1 25 | 23.0% | 48.5% | ||
| Q4 24 | 21.0% | 45.7% | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 23.4% | — |
| Q1 26 | 10.8% | 50.5% | ||
| Q4 25 | 8.6% | 48.3% | ||
| Q3 25 | 12.4% | 45.7% | ||
| Q2 25 | 15.2% | 42.7% | ||
| Q1 25 | 14.1% | 43.1% | ||
| Q4 24 | 13.6% | 40.0% | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 14.8% | — |
| Q1 26 | $2.27 | $111.55 | ||
| Q4 25 | $1.89 | $98.45 | ||
| Q3 25 | $2.41 | $87.20 | ||
| Q2 25 | $2.84 | $76.80 | ||
| Q1 25 | $2.58 | $69.70 | ||
| Q4 24 | $2.56 | $1.36 | ||
| Q3 24 | $2.61 | — | ||
| Q2 24 | $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 | $86.0B | — |
| Stockholders' EquityBook value | $55.9B | — |
| Total Assets | $214.7B | — |
| Debt / EquityLower = less leverage | 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 | $64.9B | ||
| Q3 24 | $9.8B | — | ||
| Q2 24 | $6.4B | — |
| Q1 26 | $86.0B | — | ||
| Q4 25 | $86.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $78.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $55.9B | — | ||
| Q4 25 | $59.2B | — | ||
| Q3 25 | $60.5B | — | ||
| Q2 25 | $61.1B | — | ||
| Q1 25 | $61.1B | — | ||
| Q4 24 | $61.7B | $130.5B | ||
| Q3 24 | $64.3B | — | ||
| Q2 24 | $62.6B | — |
| Q1 26 | $214.7B | — | ||
| Q4 25 | $219.2B | — | ||
| Q3 25 | $217.2B | — | ||
| Q2 25 | $212.6B | — | ||
| Q1 25 | $214.6B | — | ||
| Q4 24 | $208.0B | $204.1B | ||
| Q3 24 | $210.7B | — | ||
| Q2 24 | $208.6B | — |
| Q1 26 | 1.54× | — | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 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 | $7.2B | — |
| Free Cash FlowOCF − Capex | $4.6B | — |
| FCF MarginFCF / Revenue | 19.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | 2.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.7B | — | ||
| Q3 25 | $7.5B | — | ||
| Q2 25 | $7.0B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $5.5B | $55.7B | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $5.5B | — |
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $3.3B | $26.5B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.5B | — |
| Q1 26 | 19.9% | — | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | 15.3% | 30.1% | ||
| Q3 24 | 20.7% | — | ||
| Q2 24 | 17.6% | — |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 10.1% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 11.3% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 10.1% | 33.0% | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 10.3% | — |
| Q1 26 | 2.88× | — | ||
| Q4 25 | 3.16× | — | ||
| Q3 25 | 2.75× | — | ||
| Q2 25 | 2.17× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 1.86× | 1.58× | ||
| Q3 24 | 2.01× | — | ||
| Q2 24 | 1.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
TSM
Segment breakdown not available.
