Telephone and Data Systems, Inc.

Telephone and Data Systems, Inc.

TDS-PU
Telephone and Data Systems, Inc.US flagNew York Stock Exchange
20.99
USD
-0.04
- -
4.18BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
37.86
36.39
37.87
37.67
38.46
40
40.46
42.01
42.2
42.63
36.36
35.07
32.76
35.59
Tangible Book Value per Share
15.28
12.91
11.24
10.96
11.25
14.06
12.06
12.29
0.11
-6.03
-6.68
4.95
17.16
20.71
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
4,901
5,009
5,210
5,155
5,044
5,109
5,176
5,225
5,329
5,413
1,355
1,297
1,228
1,258
Operating Margin (%)
-5.92
-4.07
3.26
2.21
3.01
3.84
3.67
5.38
5.35
2.79
-9.78
-8.15
-5.05
-2.69
Depreciation Expense
1,018
837
844
850
844
883
932
909
895
929
310
326
352
356
Net Income, GAAP
142
-136
219
43
153
135
121
226
156
62
-500
-28
-6
418
Effective Tax Rate (%)
43.04
- -
39.54
43.48
- -
20.81
30.33
6.6
14.93
42.4
- -
- -
- -
14.36
Profit Margin (%)
2.9
-2.72
4.2
0.83
3.03
2.64
2.34
4.33
2.93
1.15
-36.9
-2.14
-0.51
33.2
Working Capital
912
785
1,214
1,180
1,058
1,504
959
1,874
882
540
491
605
483
1,735
LT Debt
1,720
1,941
2,440
2,433
2,437
2,418
3,247
4,364
3,888
4,639
4,970
2,957
1,373
1,212
Total Equity
4,671
4,456
4,705
4,751
4,893
5,304
5,415
5,603
6,745
6,615
6,008
5,884
5,267
5,402
Return on Invested Capital (%)
-2.58
- -
1.52
0.9
- -
2.06
1.61
2.78
2.32
0.79
- -
- -
- -
-0.33
Return on Capital (%)
2.71
- -
3.85
1.81
- -
3.06
2.54
3.6
3.08
1.37
- -
- -
- -
4.18
Return on Common Equity (%)
3.49
-3.38
5.44
1.04
3.64
3.06
2.63
4.78
2.42
-0.15
-12.79
-2.38
-1.95
8.68

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
31
34
37
LT Borrowings
823
673
671
LT Finance Leases
550
548
541
Preferred Equity and Hybrid Capital
1,074
1,074
1,074
Shares Outstanding
114
114
115
Market Capitalization
2,369
2,278
2,335

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
923
1,520
2,351
Cash, Cash Equivalents & STI
766
1,367
2,194
Accounts Receivable, Net
69
63
63
Inventories
4
4
4
Total Current Liabilities
440
444
616
Payables & Accruals
165
239
393
ST Debt
31
34
37
Deferred Revenue
125
84
66

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.47%
-0.66%
-10.48%
Free Cash Flow
-228.51%
-221.81%
-74.36%
Net Income, GAAP
-92.96%
-233.93%
-77.49%
Sales/Revenue/Turnover
-8.07%
-16.2%
-5.3%
Total Cash Common Dividend
-7.33%
-19.72%
-47.54%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,262
1,238
327
1,240
1,297
2025
290
299
309
331
1,228
2026
309
309
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Walter Carlson
Full Time Employees
4,000
Sector
Communication Services
Industry
Telecommunications Services
Address
30 North LaSalle Street, Suite 4000 Chicago IL United States of America 60602
IPO Date
Jun 24, 2021
Website
tdsinc.com
Business
Telephone and Data Systems, Inc., a diversified telecommunications entity, provides a range of communication and infrastructure services across the United States. The company's operations are primarily conducted through two main segments: TDS Telecom and Array Digital Infrastructure. TDS Telecom delivers advanced broadband, video, and voice solutions to residential and business customers in a mix of urban, suburban, and rural communities. Its offerings include high-speed internet, powered by fiber optics, capable of speeds up to 8 Gigabit, alongside comprehensive Wi-Fi services. The segment also provides an integrated cloud television platform, TDS TV+, as well as traditional local and long-distance telephone services, Voice over IP (VoIP), and enhanced communication features. For businesses, TDS Telecom extends dedicated internet, IP-based services, hosted voice, and video collaboration tools. Additionally, as of late 2025, TDS Telecom introduced TDS Mobile, a mobile virtual network operator (MVNO) service, providing nationwide 5G coverage with unlimited talk and text options exclusively for its broadband clientele. The Array Digital Infrastructure segment, which evolved from the former UScellular wireless operations after a significant divestiture in 2025, now concentrates on managing and leasing wireless tower space to third-party carriers. Telephone and Data Systems facilitates sales and distribution through a variety of channels, including direct and indirect sales, retail locations, third-party agents, e-commerce platforms, and telesales. The company has demonstrated a strategic shift towards expanding its fiber footprint, with a target of 1.8 million fiber addresses, actively connecting underserved areas with high-speed internet. The company was established in 1969 and maintains its headquarters in Chicago, Illinois. Telephone and Data Systems also issues dividends on its common and preferred shares.