United States Cellular Corporation

United States Cellular Corporation

USM
United States Cellular CorporationUS flagNew York Stock Exchange
77.01
USD
+2.76
- -
6.62BMarket Cap
United States Cellular Corporation
USM
(New York Stock Exchange)

Recent

price

77.01

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
48.47
48.51
51.17
52.6
46.67
46.23
47.85
46.94
45.76
46.13
46.77
46.94
47.93
49.05
45.95
43.84
43.27
Revenue per Share
2.38
1.58
2.06
1.31
1.67
-0.51
2.86
0.56
0.14
1.74
1.48
2.66
1.8
0.35
0.64
-0.45
-0.29
Basic EPS, GAAP
3.85
2.88
2.27
-0.59
-5.28
-5.59
-3.7
0.06
-2.18
2.17
-2.29
0.55
-14.47
-4.18
1.51
3.79
5.02
Free Cash Flow per Basic Share
0.21
- -
- -
- -
5.74
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
24.17
25.82
28.1
29.38
25.38
23.73
26.36
26.45
26.41
29.44
30.67
32.87
34.15
34.69
35.06
33.79
33.8
Book Value per Share
17.33
18.5
20.16
22.65
19.31
17.81
16.24
16.35
17.24
22
20.35
21.01
5.65
-1.27
-0.46
0.34
0.55
Tangible Book Value per Share
87
86
85
85
84
84
84
85
85
86
86
86
86
85
85
86
86
Basic Weighted Avg Shares
4,214
4,178
4,343
4,452
3,919
3,893
4,031
3,990
3,890
3,967
4,022
4,037
4,122
4,169
3,906
3,770
3,700
Sales/Revenue/Turnover
8.33
5.08
6.42
4.4
-8.29
-6.88
2.53
1.28
1.54
3.78
3.23
4.78
4.63
2.16
3.94
3.85
3.16
Operating Margin (%)
570
571
574
609
804
606
607
618
615
640
702
683
678
700
656
665
661
Depreciation Expense
207
136
175
111
140
-43
241
48
12
150
127
229
155
30
54
-39
-25
Net Income, GAAP
33.69
33.99
36.47
31.2
43.91
- -
38.86
40.24
- -
23.72
28.11
6.8
11.11
51.39
47.75
- -
61.11
Effective Tax Rate (%)
4.91
3.26
4.03
2.49
3.57
-1.1
5.98
1.2
0.31
3.78
3.16
5.67
3.76
0.72
1.38
-1.03
-0.68
Profit Margin (%)
345
444
571
441
395
422
924
840
750
1,121
823
1,752
702
528
499
461
701
Working Capital
868
868
880
879
878
1,127
1,629
1,618
1,622
1,605
2,367
3,364
3,617
4,030
3,875
3,659
3,644
LT Debt
3,441
3,541
3,677
3,796
3,410
3,314
3,572
3,646
3,688
4,078
4,221
4,436
4,574
4,582
4,654
4,608
4,630
Total Equity
5.4
3.2
3.94
2.91
-4.05
- -
1.29
0.58
- -
2.08
1.52
2.47
2.1
0.51
0.93
- -
- -
Return on Invested Capital (%)
7.9
4.98
5.97
3.26
4.96
- -
8.21
2.95
- -
5.56
4.29
5.74
4.68
1.5
2.15
- -
6.23
Return on Capital (%)
10.29
6.29
7.6
4.56
6.06
-2.08
11.42
2.15
0.53
6.28
4.91
8.38
5.38
1.02
1.82
-1.33
-0.85
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
163
166
165
LT Borrowings
2,837
2,829
2,819
LT Finance Leases
822
824
825
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
85
85
86
Market Capitalization
5,363
5,912
5,469

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,345
1,373
1,509
Cash, Cash Equivalents & STI
144
182
386
Accounts Receivable, Net
905
863
861
Inventories
179
178
126
Total Current Liabilities
884
807
808
Payables & Accruals
272
264
255
ST Debt
163
166
165
Deferred Revenue
238
231
225

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.4%
1.79%
-0.99%
Free Cash Flow
-726.53%
-584.7%
154.69%
Net Income, GAAP
19.42%
-24.97%
-172.22%
Sales/Revenue/Turnover
-0.28%
-1.23%
-3.48%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
986
957
963
1,000
3,906
2024
950
927
922
971
3,770
2025
891
916
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.15
0.06
0.27
0.16
0.64
2024
0.21
0.2
-0.92
0.06
-0.45
2025
0.21
0.36
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
United States Cellular Corporation, now operating as Array Digital Infrastructure, Inc., is a provider of wireless telecommunications services primarily in the United States. The company's core products and services include the manufacture and sale of wireless devices such as smartphones, tablets, mobile hotspots, routers, and Internet of Things (IoT) devices; wireless accessories including cases, screen protectors, chargers, memory cards, headphones, smart speakers, and home automation products. It delivers wireless voice, messaging, and data services to consumer, business, and government customers, supported by advanced wireless solutions including connected IoT applications for business automation, communication, asset management, and custom end-to-end solutions. The company serves approximately 4.4 million retail connections across 21 states and supports its offerings through retail, direct, telesales, ecommerce, and third-party channels. Founded in 1983 and headquartered in Chicago, Illinois, United States Cellular Corporation underwent significant strategic transformation in 2025. In August 2025, it completed the sale of substantially all its wireless operations and select spectrum assets to T-Mobile US, Inc. for approximately $4.3 billion, with T-Mobile acquiring around 30% of its spectrum assets and wireless customers. Following this transaction, the company rebranded to Array Digital Infrastructure, focusing on managing its remaining spectrum holdings and wireless tower assets. Additionally, in late 2024, the company engaged in a $1.02 billion spectrum license sale agreement with AT&T, further reshaping its asset portfolio. These changes mark a major shift from a traditional wireless carrier to a tower and infrastructure management entity. The company continues to operate with a workforce of around 4,100 associates and remains under the majority ownership of Telephone and Data Systems, which holds approximately 83% stake as of early 2025. This repositioning positions Array Digital Infrastructure as a focused digital infrastructure company within the U.S. telecommunications ecosystem. This strategic realignment, including the divestiture of core wireless operations and adoption of an infrastructure-centric business model, reflects shifts in the competitive landscape and regulatory approvals overseen by the U.S. Department of Justice and Federal Communications Commission. The company continues to capitalize on wireless tower rental revenues and spectrum asset management while supporting business and government customers with wireless connectivity and IoT solutions originally developed under the UScellular brand. The company’s transition underscores its role in the broader U.S. wireless market, continuing its legacy with a concentrated emphasis on digital infrastructure and asset monetization.

Company News

APIChat
  • FCC approves AT&T $1 billion purchase of spectrum from US Cellular

  • USM's Q2 Earnings Beat Estimates Despite Lower Revenues

  • U.S. Cellular (USM) Reports Q2 Earnings: What Key Metrics Have to Say

  • United States Cellular (USM) Surpasses Q2 Earnings and Revenue Estimates

  • United States Cellular Corporation (USM) Q2 2025 Earnings Call Transcript

  • Array reports second quarter 2025 results

  • U.S. Cellular (USM) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

  • Array declares special dividend of $23.00 per share following the sale of the UScellular wireless operations

  • UScellular Completes Sale of Wireless Operations

  • United States Cellular Q2 Earnings Preview: Sale Value Priced In

  • TDS and UScellular to release second quarter operating results and host conference call on August 11, 2025

  • UScellular announces expected name change to Array Digital Infrastructure

  • UScellular Announces Expected Amount of Special Dividend

  • UScellular announces FCC approval for sale of wireless operations and select spectrum assets

  • US Department of Justice Antitrust Division closes its investigation into proposed transaction with T-Mobile and UScellular

  • U.S. Cellular And Telephone And Data Systems: Resignations At FCC Delays Closing Of T-Mobile Acquisition

  • U.S. Cellular's Q1 Earnings Miss Estimates, Revenues Decline Y/Y

  • United States Cellular Corporation (USM) Q1 2025 Earnings Call Transcript

  • U.S. Cellular (USM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

  • United States Cellular (USM) Q1 Earnings and Revenues Miss Estimates