Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
T-Mobile US Inc., profitability ratios (quarterly data)
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The profitability ratios demonstrate a consistent upward trend over the observed period, spanning from March 31, 2022, to December 31, 2025. Each metric – gross profit margin, operating profit margin, net profit margin, return on equity, and return on assets – exhibits improvement, although the rate of increase varies. The most substantial gains are evident in the operating and net profit margins, alongside return on equity and return on assets, particularly from 2022 through 2024. A slight moderation in growth is observed in the final period, December 31, 2025, for some metrics.
- Gross Profit Margin
- The gross profit margin shows a steady increase from 53.09% in March 2022 to 62.89% in December 2025. The growth is relatively consistent, with a slight deceleration in the final period. This suggests improving efficiency in managing the cost of goods sold or increased pricing power.
- Operating Profit Margin
- The operating profit margin experienced significant growth, rising from 8.15% in March 2022 to 20.70% in December 2025. The most pronounced increases occurred between March 2023 and December 2023. This indicates effective control of operating expenses relative to revenue.
- Net Profit Margin
- The net profit margin followed a similar trajectory to the operating profit margin, increasing from 3.48% in March 2022 to 12.45% in December 2025. The growth rate accelerated notably in 2023, suggesting benefits from both operational efficiency and potentially lower interest or tax expenses.
- Return on Equity (ROE)
- ROE demonstrated substantial improvement, moving from 4.01% in March 2022 to 18.57% in December 2025. This indicates a greater ability to generate profits from shareholder investments. The increase is particularly strong between 2022 and 2024, then stabilizes with a slight decrease in the final period.
- Return on Assets (ROA)
- ROA also exhibited a positive trend, increasing from 1.33% in March 2022 to 5.01% in December 2025. This suggests improved efficiency in utilizing assets to generate earnings. Similar to ROE, the most significant gains were realized between 2022 and 2024, followed by a more moderate increase.
Overall, the observed trends suggest strengthening financial performance. The consistent improvement across all profitability ratios indicates effective management strategies and a favorable business environment. The slight moderation in growth during the final period warrants continued monitoring, but does not negate the positive overall trend.
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Return on Sales
Return on Investment
Gross Profit Margin
T-Mobile US Inc., gross profit margin calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Gross profit | 14,062) | 14,231) | 13,756) | 13,486) | 13,087) | 13,133) | 13,020) | 12,507) | 12,078) | 12,117) | 12,192) | 11,983) | 11,602) | 10,783) | 10,533) | 10,447) | |||||
| Revenues | 24,334) | 21,957) | 21,132) | 20,886) | 21,872) | 20,162) | 19,772) | 19,594) | 20,478) | 19,252) | 19,196) | 19,632) | 20,273) | 19,477) | 19,701) | 20,120) | |||||
| Profitability Ratio | |||||||||||||||||||||
| Gross profit margin1 | 62.89% | 63.55% | 63.61% | 63.76% | 63.57% | 63.42% | 62.86% | 62.27% | 61.57% | 61.13% | 59.25% | 56.78% | 54.50% | 52.57% | 52.67% | 53.09% | |||||
| Benchmarks | |||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||
| AT&T Inc. | 59.55% | 59.67% | 59.67% | 59.90% | 59.77% | 59.91% | 59.61% | 59.33% | 59.06% | 59.11% | 58.89% | 58.37% | 57.89% | 56.22% | 55.29% | 53.79% | |||||
| Verizon Communications Inc. | 58.92% | 59.41% | 59.35% | 59.88% | 59.87% | 59.95% | 59.80% | 59.52% | 59.03% | 58.64% | 58.05% | 57.20% | 56.79% | 56.97% | 57.35% | 57.46% | |||||
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q4 2025 Calculation
Gross profit margin = 100
× (Gross profitQ4 2025
+ Gross profitQ3 2025
+ Gross profitQ2 2025
+ Gross profitQ1 2025)
÷ (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
= 100 × (14,062 + 14,231 + 13,756 + 13,486)
÷ (24,334 + 21,957 + 21,132 + 20,886)
= 62.89%
2 Click competitor name to see calculations.
The gross profit margin exhibited a generally increasing trend over the observed period, spanning from March 31, 2022, to December 31, 2025. Initial values fluctuated within a narrow range before demonstrating consistent growth starting in the first quarter of 2023.
- Initial Period (Mar 31, 2022 – Dec 31, 2022)
- The gross profit margin began at 53.09% in March 2022, experienced a slight decline to 52.67% by June 2022, and continued to 52.57% in September 2022. A modest increase was then observed in December 2022, reaching 54.50%. This initial period suggests relative stability with minor fluctuations.
- Growth Phase (Mar 31, 2023 – Sep 30, 2024)
- A clear upward trend commenced in March 2023, with the gross profit margin rising to 56.78%. This positive momentum continued through subsequent quarters, reaching 59.25% in June 2023, 61.13% in September 2023, and 61.57% in December 2023. The margin further increased to 62.27% in March 2024, 62.86% in June 2024, and peaked at 63.42% in September 2024. This period indicates improving profitability related to core business operations.
- Stabilization and Slight Decline (Dec 31, 2024 – Dec 31, 2025)
- Following the peak in September 2024, the gross profit margin experienced a slight deceleration in growth. It remained relatively stable at 63.57% in December 2024, then showed a minor increase to 63.76% in March 2025, followed by a slight decrease to 63.61% in June 2025 and 63.55% in September 2025. The period concluded with a more noticeable decline to 62.89% in December 2025. While still at a high level, this suggests a potential stabilization or a subtle shift in cost structure or pricing dynamics.
- Gross Profit and Revenue Relationship
- Throughout the period, both gross profit and revenues generally increased. However, the more rapid growth in gross profit margin, particularly from March 2023 through September 2024, indicates that the company was able to improve its profitability on each dollar of revenue generated. The slight decline in the gross profit margin in the final quarter suggests that revenue growth outpaced gross profit growth, or that costs of goods sold increased at a faster rate.
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Operating Profit Margin
T-Mobile US Inc., operating profit margin calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Operating income | 3,736) | 4,530) | 5,213) | 4,800) | 4,586) | 4,796) | 4,630) | 3,998) | 3,480) | 3,596) | 3,793) | 3,397) | 2,747) | 1,281) | 709) | 1,806) | |||||
| Revenues | 24,334) | 21,957) | 21,132) | 20,886) | 21,872) | 20,162) | 19,772) | 19,594) | 20,478) | 19,252) | 19,196) | 19,632) | 20,273) | 19,477) | 19,701) | 20,120) | |||||
| Profitability Ratio | |||||||||||||||||||||
| Operating profit margin1 | 20.70% | 22.28% | 23.08% | 22.75% | 22.13% | 21.13% | 19.85% | 18.93% | 18.16% | 17.27% | 14.28% | 10.29% | 8.22% | 6.07% | 6.43% | 8.15% | |||||
| Benchmarks | |||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||
| AT&T Inc. | 19.23% | 19.04% | 15.89% | 15.42% | 15.57% | 15.56% | 18.54% | 19.05% | 19.16% | -2.38% | -2.20% | -3.40% | -3.80% | 16.73% | 16.34% | 13.72% | |||||
| Verizon Communications Inc. | 21.17% | 23.04% | 21.53% | 21.54% | 21.28% | 16.29% | 17.44% | 17.02% | 17.08% | 22.00% | 22.17% | 22.21% | 22.27% | 22.74% | 23.72% | 24.18% | |||||
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q4 2025 Calculation
Operating profit margin = 100
× (Operating incomeQ4 2025
+ Operating incomeQ3 2025
+ Operating incomeQ2 2025
+ Operating incomeQ1 2025)
÷ (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
= 100 × (3,736 + 4,530 + 5,213 + 4,800)
÷ (24,334 + 21,957 + 21,132 + 20,886)
= 20.70%
2 Click competitor name to see calculations.
The operating profit margin demonstrates a clear upward trend over the observed period, punctuated by some quarterly fluctuations. Initial values indicate a margin around 8% in early 2022, which then experiences a decline before a sustained period of growth.
- Initial Period (Mar 31, 2022 – Dec 31, 2022)
- The operating profit margin begins at 8.15% and decreases to a low of 6.07% by September 30, 2022. A subsequent increase is observed in the final quarter of 2022, reaching 8.22%. This initial period suggests some volatility in profitability.
- Growth Phase (Mar 31, 2023 – Dec 31, 2023)
- A significant and consistent increase in the operating profit margin is evident throughout 2023. Starting at 10.29% in March, the margin rises to 14.28% by June, 17.27% by September, and peaks at 18.16% by December. This indicates improving operational efficiency or pricing power.
- Continued Expansion (Mar 31, 2024 – Sep 30, 2024)
- The upward trend continues into the first three quarters of 2024, with the operating profit margin reaching 18.93% in March, 19.85% in June, and 21.13% in September. This suggests the positive momentum from 2023 is sustained.
- Peak and Subsequent Adjustment (Dec 31, 2024 – Dec 31, 2025)
- The operating profit margin reaches its highest point at 22.13% in December 2024. While remaining strong in the first half of 2025, reaching 23.08% in June, a decline is observed in the latter half of the year, falling to 22.28% in September and 20.70% in December. This suggests potential headwinds impacting profitability towards the end of the period.
Overall, the operating profit margin demonstrates a strong positive trajectory from 2022 to 2025, with a notable acceleration in 2023. While the margin remains at a healthy level in the final quarter of 2025, the observed decline warrants further investigation to determine the underlying causes and potential implications for future performance.
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Net Profit Margin
T-Mobile US Inc., net profit margin calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Net income (loss) | 2,103) | 2,714) | 3,222) | 2,953) | 2,981) | 3,059) | 2,925) | 2,374) | 2,014) | 2,142) | 2,221) | 1,940) | 1,477) | 508) | (108) | 713) | |||||
| Revenues | 24,334) | 21,957) | 21,132) | 20,886) | 21,872) | 20,162) | 19,772) | 19,594) | 20,478) | 19,252) | 19,196) | 19,632) | 20,273) | 19,477) | 19,701) | 20,120) | |||||
| Profitability Ratio | |||||||||||||||||||||
| Net profit margin1 | 12.45% | 13.83% | 14.53% | 14.41% | 13.93% | 12.96% | 11.95% | 11.14% | 10.59% | 9.93% | 7.82% | 4.83% | 3.25% | 1.92% | 2.14% | 3.48% | |||||
| Benchmarks | |||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||
| AT&T Inc. | 17.47% | 17.87% | 10.29% | 9.64% | 8.95% | 7.42% | 10.41% | 11.13% | 11.76% | -9.29% | -7.22% | -7.52% | -7.06% | 15.37% | 14.21% | 11.21% | |||||
| Verizon Communications Inc. | 12.43% | 14.43% | 13.28% | 13.14% | 12.99% | 7.30% | 8.38% | 8.44% | 8.67% | 15.58% | 15.58% | 15.85% | 15.53% | 14.22% | 15.48% | 15.93% | |||||
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q4 2025 Calculation
Net profit margin = 100
× (Net income (loss)Q4 2025
+ Net income (loss)Q3 2025
+ Net income (loss)Q2 2025
+ Net income (loss)Q1 2025)
÷ (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
= 100 × (2,103 + 2,714 + 3,222 + 2,953)
÷ (24,334 + 21,957 + 21,132 + 20,886)
= 12.45%
2 Click competitor name to see calculations.
The net profit margin exhibited a generally increasing trend over the observed period, beginning in March 2022 and continuing through December 2024, before experiencing a slight decline in the most recent quarters. Initial values were relatively modest, but demonstrated substantial improvement over time.
- Initial Period (Mar 31, 2022 – Dec 31, 2022)
- The net profit margin began at 3.48% in March 2022, experienced a notable decrease to 2.14% in June 2022, and further declined to 1.92% by September 2022. A significant recovery was then observed in December 2022, reaching 3.25%.
- Growth Phase (Mar 31, 2023 – Dec 31, 2024)
- From March 2023 through December 2024, the net profit margin demonstrated consistent and substantial growth. It increased from 4.83% to a peak of 13.93% in December 2024. This period represents a significant improvement in profitability. The rate of increase accelerated during the latter half of this phase.
- Recent Trend (Mar 31, 2025 – Dec 31, 2025)
- The upward trend began to moderate in the first quarter of 2025, with the net profit margin at 14.41%. While remaining high, it decreased to 13.83% by September 2025 and further declined to 12.45% by December 2025. This suggests a potential stabilization or slight contraction in profitability.
- Overall Observations
- The company experienced a period of fluctuating, but generally low, profitability in the initial period. This was followed by a period of strong and consistent improvement, culminating in a peak in December 2024. The most recent data indicates a possible shift in this trend, with a modest decline in the net profit margin. Further monitoring is warranted to determine if this represents a temporary fluctuation or a more sustained change.
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Return on Equity (ROE)
T-Mobile US Inc., ROE calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Net income (loss) | 2,103) | 2,714) | 3,222) | 2,953) | 2,981) | 3,059) | 2,925) | 2,374) | 2,014) | 2,142) | 2,221) | 1,940) | 1,477) | 508) | (108) | 713) | |||||
| Stockholders’ equity | 59,203) | 60,477) | 61,107) | 61,105) | 61,741) | 64,250) | 62,636) | 62,074) | 64,715) | 64,698) | 65,750) | 66,925) | 69,656) | 70,150) | 70,034) | 69,976) | |||||
| Profitability Ratio | |||||||||||||||||||||
| ROE1 | 18.57% | 19.63% | 19.99% | 19.50% | 18.37% | 16.14% | 15.10% | 14.10% | 12.85% | 12.03% | 9.35% | 5.70% | 3.72% | 2.19% | 2.45% | 4.01% | |||||
| Benchmarks | |||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||
| AT&T Inc. | 19.86% | 20.09% | 12.12% | 11.43% | 10.49% | 8.85% | 12.08% | 13.03% | 13.94% | -10.90% | -8.61% | -9.16% | -8.74% | 16.37% | 16.92% | 10.26% | |||||
| Verizon Communications Inc. | 16.44% | 18.88% | 17.65% | 17.66% | 17.64% | 10.17% | 11.70% | 11.99% | 12.57% | 21.38% | 22.10% | 23.24% | 23.32% | 22.06% | 24.18% | 25.55% | |||||
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q4 2025 Calculation
ROE = 100
× (Net income (loss)Q4 2025
+ Net income (loss)Q3 2025
+ Net income (loss)Q2 2025
+ Net income (loss)Q1 2025)
÷ Stockholders’ equity
= 100 × (2,103 + 2,714 + 3,222 + 2,953)
÷ 59,203 = 18.57%
2 Click competitor name to see calculations.
The Return on Equity (ROE) exhibited a notable upward trend over the analyzed period, beginning in March 2022 and continuing through December 2025. Initial values were relatively modest, but increased significantly over time.
- Initial Period (Mar 31, 2022 – Dec 31, 2022)
- ROE began at 4.01% in March 2022, experienced a decline to 2.45% in June 2022, and further decreased to 2.19% in September 2022. A recovery was observed in December 2022, with ROE reaching 3.72%. This initial period demonstrates volatility, but concludes with an improvement relative to the beginning of the timeframe.
- Growth Phase (Mar 31, 2023 – Dec 31, 2023)
- A substantial increase in ROE is evident from March 2023 through December 2023. The ratio rose from 5.70% to a peak of 12.85% in December 2023, indicating a significant improvement in profitability relative to equity. This period reflects strong performance and efficient utilization of shareholder investment.
- Continued Expansion & Stabilization (Mar 31, 2024 – Dec 31, 2025)
- The upward trajectory continued into 2024, with ROE reaching 15.10% in June and 16.14% in September. December 2024 saw a further increase to 18.37%. While the rate of increase slowed slightly in 2025, ROE remained high, peaking at 19.99% in June before concluding the period at 18.57% in December 2025. This suggests a sustained level of profitability and a continued positive return for shareholders.
- Net Income and Stockholders’ Equity Relationship
- The increase in ROE appears to be driven by a combination of increasing net income and a relatively stable, and then slightly decreasing, stockholders’ equity. While net income fluctuated, the overall trend was positive, contributing to the higher ROE values. The slight decrease in stockholders’ equity in later periods further amplified the ROE increase, as the ratio is calculated by dividing net income by equity.
Overall, the ROE demonstrates a strong positive trend, indicating improving financial performance and increasing efficiency in generating profits from shareholder equity. The company has demonstrably improved its ability to generate returns for its investors over the analyzed period.
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Return on Assets (ROA)
T-Mobile US Inc., ROA calculation (quarterly data)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Net income (loss) | 2,103) | 2,714) | 3,222) | 2,953) | 2,981) | 3,059) | 2,925) | 2,374) | 2,014) | 2,142) | 2,221) | 1,940) | 1,477) | 508) | (108) | 713) | |||||
| Total assets | 219,237) | 217,180) | 212,643) | 214,633) | 208,035) | 210,742) | 208,557) | 206,268) | 207,682) | 208,579) | 210,602) | 210,173) | 211,338) | 213,499) | 209,463) | 210,653) | |||||
| Profitability Ratio | |||||||||||||||||||||
| ROA1 | 5.01% | 5.47% | 5.74% | 5.55% | 5.45% | 4.92% | 4.53% | 4.24% | 4.00% | 3.73% | 2.92% | 1.82% | 1.23% | 0.72% | 0.82% | 1.33% | |||||
| Benchmarks | |||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||
| AT&T Inc. | 5.22% | 5.26% | 3.15% | 2.98% | 2.77% | 2.30% | 3.20% | 3.41% | 3.54% | -2.78% | -2.15% | -2.27% | -2.12% | 4.70% | 4.67% | 3.00% | |||||
| Verizon Communications Inc. | 4.25% | 5.11% | 4.75% | 4.68% | 4.55% | 2.57% | 2.97% | 2.97% | 3.05% | 5.43% | 5.54% | 5.71% | 5.60% | 5.14% | 5.62% | 5.85% | |||||
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q4 2025 Calculation
ROA = 100
× (Net income (loss)Q4 2025
+ Net income (loss)Q3 2025
+ Net income (loss)Q2 2025
+ Net income (loss)Q1 2025)
÷ Total assets
= 100 × (2,103 + 2,714 + 3,222 + 2,953)
÷ 219,237 = 5.01%
2 Click competitor name to see calculations.
The Return on Assets (ROA) exhibits a clear upward trend over the observed period, beginning in March 2022 and continuing through December 2024, before experiencing a slight deceleration in the final two reported quarters. Initial values indicate a relatively modest return, but performance strengthens considerably over time.
- Initial Period (Mar 31, 2022 – Dec 31, 2022)
- The ROA begins at 1.33% in March 2022, declines to 0.82% in June 2022, and reaches a low of 0.72% in September 2022. A substantial increase is then observed in December 2022, rising to 1.23%. This initial period demonstrates volatility, but concludes with an improving trend.
- Growth Phase (Mar 31, 2023 – Dec 31, 2023)
- From March 2023 through December 2023, the ROA demonstrates consistent and significant growth. It increases from 1.82% to 2.92%, 3.73%, and ultimately reaches 4.00% by the end of the year. This period represents a strong positive trajectory in asset utilization and profitability.
- Peak and Deceleration (Mar 31, 2024 – Dec 31, 2025)
- The ROA continues to climb in the first half of 2024, peaking at 4.53% in June 2024 and 4.92% in September 2024, before settling at 5.45% in December 2024. While still positive, the rate of increase slows in 2025. The ROA reaches 5.55% in March 2025, 5.74% in June 2025, then decreases to 5.47% in September 2025, and finally to 5.01% in December 2025. This suggests a potential stabilization or a slight weakening of the relationship between net income and total assets.
- Asset Base
- Total assets remain relatively stable throughout the period, fluctuating between approximately US$206.3 million and US$219.2 million. The consistent growth in ROA, despite the relatively constant asset base, indicates that the primary driver of the improved ROA is an increase in net income.
Overall, the ROA demonstrates a strong positive trend, indicating improved efficiency in generating profits from the company’s assets. The recent deceleration in growth warrants further investigation to determine if this represents a temporary fluctuation or a more sustained shift in performance.
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