T-Mobile US Inc (TMUS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 56,004,000 | 52,971,000 | 51,927,000 | 52,620,000 | 40,964,000 |
| Revenue | US$ in thousands | 80,208,000 | 77,477,000 | 78,416,000 | 75,841,000 | 64,173,000 |
| Gross profit margin | 69.82% | 68.37% | 66.22% | 69.38% | 63.83% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $56,004,000K ÷ $80,208,000K
= 69.82%
T-Mobile US Inc's gross profit margin has shown a consistent upward trend over the years, indicating improved efficiency in generating profits from its core operations. The margin increased from 63.83% as of December 31, 2020, to 69.82% as of December 31, 2024. This signifies that the company has been able to control its direct costs of goods sold relative to its revenue, leading to a higher percentage of revenue retained as gross profit.
Although there was some fluctuation in the margin over the years, the overall trend suggests that T-Mobile has effectively managed its production and operational costs to enhance profitability. With a gross profit margin of 69.82% as of December 31, 2024, T-Mobile is demonstrating solid performance in efficiently converting its revenue into gross profit, which is a positive sign for investors and stakeholders evaluating the company's financial health and operational efficiency.