T-Mobile US Inc (TMUS)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 53,853,000 | 53,432,000 | 53,327,000 | 52,394,000 | 53,027,000 | 53,490,000 | 52,921,000 | 53,899,000 | 52,974,000 | 60,674,000 | 60,242,000 | 56,336,000 | 49,607,000 | 41,144,000 | 35,690,000 | 32,984,000 | 33,657,000 | 33,224,000 | 33,322,000 | 29,171,000 |
| Revenue (ttm) | US$ in thousands | 77,918,000 | 77,735,000 | 77,992,000 | 78,482,000 | 78,966,000 | 78,661,000 | 77,903,000 | 77,244,000 | 76,018,000 | 76,693,000 | 76,235,000 | 73,752,000 | 65,682,000 | 57,219,000 | 49,869,000 | 44,117,000 | 44,360,000 | 43,927,000 | 43,695,000 | 43,488,000 |
| Gross profit margin | 69.11% | 68.74% | 68.37% | 66.76% | 67.15% | 68.00% | 67.93% | 69.78% | 69.69% | 79.11% | 79.02% | 76.39% | 75.53% | 71.91% | 71.57% | 74.76% | 75.87% | 75.63% | 76.26% | 67.08% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $53,853,000K ÷ $77,918,000K
= 69.11%
T-Mobile US Inc's gross profit margin has shown a consistent upward trend over the past eight quarters, indicating improved profitability in its core operations. The gross profit margin increased from 53.09% in Q1 2022 to 61.57% in Q4 2023, reflecting efficient cost management, pricing strategies, or a shift towards higher-margin products/services. This improvement demonstrates the company's ability to generate more revenue from each dollar of sales after accounting for the cost of goods sold. Overall, T-Mobile's strengthening gross profit margin suggests positive financial health and operational efficiency during the period under review.