Telephone and Data Systems, Inc.
NYSE•TDS
CEO: Mr. Walter C. D. Carlson J.D.
Sector: Communication Services
Industry: Telecommunications Services
Listing Date: 1981-12-15
Telephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products. It also provides replace and repair services; Trade-In program through which it buys customers' used equipment; internet connections and all-home Wi-Fi services; TDS TV+, an integrated cloud television platform that offers video content and features; local and long-distance telephone service, voice over internet protocol, and enhanced services; broadband, IP-based services, and hosted voice and video collaboration services; and communication services in underserved areas. The company sells its products through retail stores, direct and indirect sales, third-party retailers, and independent agents, as well as through ecommerce and telesales. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
Contact Information
Market Cap
$4.66B
P/E (TTM)
-802.3
14.1
Dividend Yield
0.4%
52W High
$47.80
52W Low
$31.07
52W Range
Rank44Top 53.8%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$330.71M+0.00%
4-Quarter Trend
EPS
$0.34+0.00%
4-Quarter Trend
FCF
-$113.07M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Continuing Operations Profitability Improves Total operating loss narrowed 49% to $(97.4) M in 2025; Net income from continuing operations turned positive at $117.4 M.
Array Site Rental Revenue Jumps Array site rental revenues increased 51% to $154.7 M in 2025, driven by T-Mobile MLA execution and new lease terms.
TDS Telecom Fiber Investment Rises TDS Telecom capital expenditures increased 26% to $406.4 M in 2025, supporting continued fiber deployment in expansion markets.
Discontinued Operations Loss Recorded Net loss from discontinued operations attributable to shareholders was $(123.6) M in 2025 following the wireless segment sale closure.
Risk Factors
Array Business Scale Reduced T-Mobile transaction significantly reduced Array's scale, potentially causing operational and cost disadvantages relative to historical operations.
Spectrum Sale Uncertainty Remains Consummation of Verizon and T-Mobile spectrum license sales is not guaranteed, creating financial uncertainty for Array.
Competitive Scale Disadvantage TDS' lack of scale versus larger competitors limits leverage with vendors and opportunities for strategic partnerships.
Network Build Delays Risk Failure to complete network construction and system implementation activities on time could adversely affect TDS operations and growth.
Outlook
Array Focus on Colocation Growth Array strategy centers on driving increased colocation revenue growth and optimizing ground lease ownership positions proactively.
TDS Telecom Fiber Expansion Continues TDS Telecom expects 2026 CapEx between $550 M and $600 M, focused on fiber deployment and E-ACAM requirements.
Liquidity Supports Capital Needs Existing cash and financing agreements provide sufficient liquidity for funding fiber builds, debt service, and dividend payments.
Array Decommissioning Costs Possible Array anticipates potential decommissioning costs for towers without tenants, impacting future cash flows if leasing or divestiture fails.
Peer Comparison
Revenue (TTM)
$12.40B
$5.85B
$5.80B
Gross Margin (Latest Quarter)
88.1%
74.5%
55.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| LUMN | $6.82B | -3.8 | 268.0% | 51.6% |
| TKC | $5.36B | 13.5 | 7.2% | 31.7% |
| TEO | $5.29B | -35.6 | -3.6% | 35.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-34.1%
Growth Under Pressure
4Q Net Income CAGR
100.6%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 30, 2026
EPS:$0.09
|Revenue:$323.04M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data