T-Mobile US management check
TMUS · Communication Services · Wireless Telecommunication Services · CEO Srinivasan Gopalan
Filings as of
4 good · 1 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $156, against $112 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.53 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.5% of net income$50.4m of reported pay in fiscal 2025, against $11.0bn of net income.
- n/a
Do they own the stock?
No recent CEO filingBoth: 1 buyer ($1.0m) and 3 sellers ($2.0m) in six months. 1 of 3 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -2.9% a year over the last three fiscal years. Stock-based pay was 0.9% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: G. Michael Sievert, Srinivasan Gopalan. 13 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Flag
Are the books clean?
Red flags on file2 auditor changes (8-K 4.01) since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Communication Services.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 99 | 27 | |
| Pay for performance | 76 | 76 | |
| CEO cost | 78 | 72 | |
| Skin in the game | — | — | 75 |
| Dilution | 87 | 65 | |
| Stable leadership | 20 | 93 | |
| Clean books | 15 | 100 |
Closest peers
Others in Wireless Telecommunication Services, by management score. T-Mobile US is 9th of 18 in its sector.
- 229TAT&T66
- 272TTWOTake-Two Interactive63
- 282TMUST-Mobile US63
- 318NFLXNetflix60
- 320CHTRCharter Communications60
- 483ECHOEchoStar31
Pay versus performance
From the proxy statement filed April 27, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Srinivasan Gopalan, G. Michael Sievert | $50.4m | $63.4m | $18.8m | $156 | $112 | $11.0bn |
| 2024 | G. Michael Sievert | $30.0m | $70.2m | $9.8m | $167 | $109 | $11.3bn |
| 2023 | G. Michael Sievert | $37.5m | $55.0m | $10.8m | $119 | $89 | $8.3bn |
| 2022 | G. Michael Sievert | $29.1m | $86.6m | $10.5m | $104 | $82 | $2.6bn |
| 2021 | G. Michael Sievert | $22.6m | $0 | $9.7m | $86 | $91 | $3.0bn |
The board says pay is tied most to Adjusted Free Cash Flow. Its other key measures: Service Revenues, Core Adjusted EBITDA.
Insiders and the CEO's stake
Both: 1 buyer ($1.0m) and 3 sellers ($2.0m) in six months. 1 of 3 sales ran on pre-arranged 10b5-1 plans.
- BoughtAndre AlmeidaChief Broadband, Ent. & Emerg$1.0mMay 1, 2026
- SoldMichael J. KatzChief Bus. and Prod. Officer$979kMay 1, 2026
- SoldJon FreierChief Operating Officer · 10b5-1 plan$912kMay 21, 2026
- SoldDaniel James DrobacVP & Chief Accounting Officer$138kSep 10, 2026
Leadership and governance on file
- Sep 3, 2026Leadership change8-K 5.02
- Jul 7, 2026Leadership change8-K 5.02
- Mar 27, 2026Leadership change8-K 5.02
- Dec 9, 2025Leadership change8-K 5.02
- Sep 24, 2025Leadership change8-K 5.02
- Sep 22, 2025Leadership change8-K 5.02
- Aug 25, 2025Leadership change8-K 5.02
- Apr 11, 2025Leadership change8-K 5.02
- Apr 3, 2025Leadership change8-K 5.02
- Mar 21, 2025Leadership change8-K 5.02
- Feb 21, 2025Leadership change8-K 5.02
- Jan 27, 2025Leadership change8-K 5.02
Latest shareholder vote results: Jun 18, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $45.4bn returned to owners in buybacks and dividends, 125% of net income, and $3.3bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $80.1bn | $79.6bn | $78.6bn | $81.4bn | $88.3bn |
| Net income | $3.0bn | $2.6bn | $8.3bn | $11.3bn | $11.0bn |
| Stock-based pay | $540.0m | $595.0m | $667.0m | $649.0m | $829.0m |
| Buybacks | $0 | $3.0bn | $13.1bn | $11.2bn | $10.0bn |
| Dividends | $0 | $0 | $747.0m | $3.3bn | $4.1bn |
| Diluted shares | 1255m | 1255m | 1200m | 1173m | 1131m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.