Telephone & Data Systems Inc (TDS)
Telephone and Data Systems, Inc., a telecommunications company, provides communications services to residential, commercial, and wholesale customers in the United States. It operates through two segments: TDS Telecom and Array. The company offers internet connections and all-home Wi-Fi services, fiber internet, security, and support services; advanced home TV entertainment combined with a digital video recording (DVR) services; TDS TV+, an integrated cloud TV platform that combines linear and on-demand programming, mobile device interfaces, personalized recommendations, and network-based DVR; digital television; local and long-distance telephone service, voice over internet protocol, and enhanced services; wireless services to customers; broadband, IP-based services, and hosted voice and video collaboration services to small- and medium-sized businesses; carrying data and voice traffic services; wholesale services; and communication services in underserved areas. The company is also leases tower spaces to tenants; provides ancillary services. The company sells and distributes its products through third-party direct sales, retail stores, sales agents, and an online platform to sell services and products. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
- Symbol
- TDS
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Telecom Services
- Market cap
- $4.22B
- 52 week range
- 31.51 - 49.12
Valuation
- Share price
- $36.43 (close of 2026-09-23)
- P/E (TTM)
- 12.03x
- Price to book
- 0.78x
- Price to free cash flow
- -9.34x
- Enterprise value
- $3.28B
- Book value per share
- $46.93
Price performance
| Period | Change |
|---|
| 1 day | -0.82% |
| 5 days | -3.70% |
| 1 month | +8.42% |
| 3 months | -6.76% |
| 6 months | -15.34% |
| Year to date | -11.15% |
| 1 year | -2.59% |
| 3 years | +103.63% |
| 5 years | +88.47% |
| 10 years | +33.74% |
| All time | +2220.38% |
Profitability and growth
- Return on equity
- -0.12%
- Return on invested capital
- -0.82%
- Return on assets
- -0.07%
- Return on capital employed
- -1.22%
- Gross margin
- 31.53%
- Net margin
- -0.58%
- EBITDA margin
- 23.76%
- Revenue growth
- -8.99%
- Net income growth
- 77.49%
- Free cash flow growth
- -74.46%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -10.71%
- Current ratio
- 3.82x
- Net debt to EBITDA
- -0.78x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.07B
- Cost of revenue
- $733.23M
- Gross profit
- $337.68M
- EBITDA
- $254.50M
- Net income
- $-6.24M
- Earnings per share
- $-0.66
- Interest expense
- $112.67M
- Shares outstanding
- 115.18M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.07B | $337.68M | $-6.24M | $-0.66 |
| 2024-12-31 | $1.18B | $295.44M | $-27.70M | $-0.85 |
| 2023-12-31 | $1.23B | - | $-500.01M | $-5.05 |
| 2022-12-31 | $5.29B | $1.89B | $62.00M | $-0.07 |
| 2021-12-31 | $5.22B | $1.94B | $156.00M | $1.03 |
| 2020-12-31 | $5.12B | $1.94B | $226.00M | $1.97 |
| 2019-12-31 | $5.08B | $1.90B | $121.00M | $1.06 |
| 2018-12-31 | $5.02B | $1.90B | $135.00M | $1.20 |
| 2017-12-31 | $5.04B | $3.85B | $153.00M | $1.39 |
| 2016-12-31 | $5.16B | $3.92B | $43.00M | $0.39 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 31.53% | -0.58% | -0.12% | -0.82% |
| 2024-12-31 | 25.11% | -2.35% | -0.47% | -1.99% |
| 2023-12-31 | - | -40.71% | -8.34% | -6.12% |
| 2022-12-31 | 35.71% | 1.17% | 0.94% | 0.62% |
| 2021-12-31 | 37.13% | 2.99% | 2.32% | 3.05% |
| 2020-12-31 | 37.89% | 4.41% | 4.04% | 4.58% |
| 2019-12-31 | 37.35% | 2.38% | 2.24% | 1.92% |
| 2018-12-31 | 37.84% | 2.69% | 2.55% | 3.65% |
| 2017-12-31 | 76.31% | 3.03% | 3.13% | -1.29% |
| 2016-12-31 | 75.95% | 0.83% | 0.91% | 1.77% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $765.95M |
| 2024-12-31 | $363.61M |
| 2023-12-31 | $236.00M |
| 2022-12-31 | $360.00M |
| 2021-12-31 | $367.00M |
| 2020-12-31 | $1.43B |
| 2019-12-31 | $465.00M |
| 2018-12-31 | $938.00M |
| 2017-12-31 | $719.00M |
| 2016-12-31 | $900.00M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $199.36M | $27.17M |
| 2024-12-31 | $780.43M | $18.34M |
| 2023-12-31 | $498.09M | $19.58M |
| 2022-12-31 | $-6.00M | $42.00M |
| 2021-12-31 | $-28.00M | $49.00M |
| 2020-12-31 | $194.00M | $53.00M |
| 2019-12-31 | $59.00M | $59.00M |
| 2018-12-31 | $241.00M | $54.00M |
| 2017-12-31 | $91.00M | $46.00M |
| 2016-12-31 | $146.00M | $42.00M |
Dividend history
- Most recent payment
- 2026-09-15
- Paid in the last twelve months
- $0.16
| Payment date | Dividend per share |
|---|
| 2026-09-15 | $0.04 |
| 2026-06-16 | $0.04 |
| 2026-03-16 | $0.04 |
| 2025-12-15 | $0.04 |
| 2025-09-15 | $0.04 |
| 2025-06-16 | $0.04 |
| 2025-03-17 | $0.04 |
| 2024-12-16 | $0.04 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-06
- Consensus EPS estimate
- $0.10
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-07 | Jun/2026 | $0.09 |
| 2026-05-08 | - | - |
| 2026-02-20 | - | - |
| 2025-11-07 | - | - |
| 2025-08-11 | - | - |
| 2025-05-02 | - | - |
| 2025-02-21 | - | - |
| 2024-11-01 | - | - |
Filings and sources
- Company website
- tdsinc.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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