T-Mobile US vs Veon
T-Mobile US reported revenue of $88.3 billion in fiscal 2025, 20.1 times Veon's $4.4 billion in fiscal 2025. T-Mobile US's revenue grew 8.5% in its latest year, and Veon's grew 9.9%. T-Mobile US had an operating margin of 20.7%, against 32.7% at Veon.
Side by side
| T-Mobile US | Veon | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $88.3B | $4.4B |
| Revenue growth | 8.5% | 9.9% |
| Revenue growth a year, last 5 years | 5.2% | 4.8% |
| Gross margin | — | — |
| Operating margin | 20.7% | 32.7% |
| Net margin | 12.4% | 13.4% |
| Free cash flow | $18.0B | — |
| Free cash flow margin | 20.4% | — |
| Return on capital | 9.8% | 36.4% |
| Net debt to EBITDA | 2.8x | 0.6x |
| Dividends and buybacks | $14.1B | $172M |
| Change in diluted share count | −3.6% | −0.9% |
| Last close | $146.93 | $84.50 |
| P/E at the last close | 15.4× | — |
| Insider trades, last 12 months | bought $3.0 million, sold $190.0 million | bought $1.1 million, sold $0 |
| Piotroski F-score | 6 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
T-Mobile USVeon
Operating margin
Percent of revenue
T-Mobile USVeon
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
T-Mobile USVeon
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the T-Mobile US and Veon pages.