TDSNYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31Also trades as TDS.PU, TDS.PV

TELEPHONE & DATA SYSTEMS INC /DE/

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026

$33.26−0.64 (-1.89%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

–

-7.9%−12.9 pts over 5 years

-0.5%−4.8 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	-5.3%	-39.0%	-25.1%	-13.5%
Free cash flow	-74.5%	–	+0.5%	–
Dividend per share	-48.4%	-39.4%	-25.1%	-11.8%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	1.0%	4.8%	-0.1%
Return on assets	0.5%	1.9%	-0.1%
Current ratio	2.32	2.62	2.10
Debt to equity	0.59	0.71	0.17
Net debt to EBITDA	1.66×	1.76×	0.30×
Interest coverage	0.6×	1.5×	-0.9×
Inventory turnover	8.0×	–	–
Capex to revenue	12.3%	25.6%	31.8%
Diluted shares	111M	115M	119M

Return on equity split into margin, efficiency and leverage

Net margin-0.5%

Asset turnover0.11×

Equity multiplier2.23×

Return on equity, FY2025-0.1%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	-0.5%	0.11×	2.23×	-0.1%
FY2024	-2.1%	0.12×	2.12×	-0.5%
FY2023	-36.9%	0.12×	2.05×	-9.0%
FY2022	1.1%	0.39×	2.38×	1.1%
FY2021	2.9%	0.41×	2.42×	2.9%
FY2020	4.3%	0.45×	2.46×	4.8%
FY2019	2.3%	0.50×	2.23×	2.6%
FY2018	2.6%	0.54×	2.16×	3.1%
FY2017	3.0%	0.54×	2.23×	3.6%
FY2016	0.8%	0.55×	2.28×	1.0%

Parsed from the XBRL in Telephone & Data Systems's annual and quarterly filings with the SEC
Per-share figures adjusted for the 3-for-2 split on Dec 19, 1988
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is TDS.

Revenue growth3.8% · median 5.4%

Operating margin37.0% · median 9.3%

Net margin33.2% · median 18.6%

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