Invesaro

Stocks Comparison

T-Mobile US vs VEON: revenue, profit, margins and growth compared

T-Mobile US brought in $88.3B of revenue in fiscal 2025, VEON $4.4B in fiscal 2025. Revenue changed by +8.5% at T-Mobile US and +9.9% at VEON on the year before, so VEON grew faster. T-Mobile US kept 12.4% of its revenue as net profit, VEON 13.4%.

Side by side, latest fiscal year

TMUSVEON
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$88.3B$4.4B
Revenue growth+8.5%+9.9%
Net income$11B$591M
Net margin12.4%13.4%
Free cash flow$18Bn/a
Free cash flow margin20.4%n/a
Earnings per share (diluted)$9.72$0.30
Cash$5.6B$1.7B
Debt$86.3B$3.1B
Price to earnings17.0n/a
Market value$177.5B$5.1B
Dividend yield2.30%n/a
Rank by revenue in sector#4 of 51 · Telecommunications#14 of 51 · Telecommunications

Over the years

Revenue
TMUS FY2018: $43.3BTMUS FY2019: $45BTMUS FY2020: $68.4BTMUS FY2021: $80.1BTMUS FY2022: $79.6BTMUS FY2023: $78.6BTMUS FY2024: $81.4BTMUS FY2025: $88.3BVEON FY2018: $9.1BVEON FY2019: $8.1BVEON FY2020: $3.5BVEON FY2021: $3.9BVEON FY2022: $3.8BVEON FY2023: $3.7BVEON FY2024: $4BVEON FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
TMUS $88.3BVEON $4.4B
Net income
TMUS FY2018: $2.9BTMUS FY2019: $3.5BTMUS FY2020: $3.1BTMUS FY2021: $3BTMUS FY2022: $2.6BTMUS FY2023: $8.3BTMUS FY2024: $11.3BTMUS FY2025: $11BVEON FY2018: $362MVEON FY2019: $683MVEON FY2020: -$316MVEON FY2021: $801MVEON FY2022: -$9MVEON FY2023: -$2.5BVEON FY2024: $487MVEON FY2025: $591MFY18FY19FY20FY21FY22FY23FY24FY25
TMUS $11BVEON $591M
Net margin
TMUS FY2018: 6.7%TMUS FY2019: 7.7%TMUS FY2020: 4.5%TMUS FY2021: 3.8%TMUS FY2022: 3.3%TMUS FY2023: 10.6%TMUS FY2024: 13.9%TMUS FY2025: 12.4%VEON FY2018: 4.0%VEON FY2019: 8.4%VEON FY2020: -9.1%VEON FY2021: 20.8%VEON FY2022: -0.2%VEON FY2023: -66.3%VEON FY2024: 12.2%VEON FY2025: 13.4%FY18FY19FY20FY21FY22FY23FY24FY25
TMUS 12.4%VEON 13.4%
Revenue growth
TMUS FY2019: +3.9%TMUS FY2020: +52.0%TMUS FY2021: +17.1%TMUS FY2022: -0.7%TMUS FY2023: -1.3%TMUS FY2024: +3.6%TMUS FY2025: +8.5%VEON FY2019: -11.0%VEON FY2020: -57.0%VEON FY2021: +10.6%VEON FY2022: -2.5%VEON FY2023: -1.5%VEON FY2024: +8.3%VEON FY2025: +9.9%FY19FY20FY21FY22FY23FY24FY25
TMUS +8.5%VEON +9.9%
Free cash flow
TMUS FY2018: -$1.6BTMUS FY2019: $433MTMUS FY2020: -$2.4BTMUS FY2021: $1.6BTMUS FY2022: $2.8BTMUS FY2023: $8.8BTMUS FY2024: $13.5BTMUS FY2025: $18BVEON FY2020: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
TMUS $18BVEON $1.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about T-Mobile US and VEON

Which is bigger by revenue, T-Mobile US or VEON?

T-Mobile US is bigger by revenue: $88.3B in fiscal 2025, against $4.4B for VEON in fiscal 2025.

Which keeps more of its revenue as profit, T-Mobile US or VEON?

T-Mobile US had a net margin of 12.4% in fiscal 2025; VEON had 13.4% in fiscal 2025.

Which grew revenue faster, T-Mobile US or VEON?

In their latest fiscal years revenue changed by +8.5% at T-Mobile US and +9.9% at VEON.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies