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Telephone and Data Systems, Inc.

TDSCommunication ServicesNASDAQ

Telecom Services · Last scanned May 30, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$1.23B
-5.3% YoY
Net Income
-$6.2M
+77.5% YoY
EBITDA
$553.5M
+67.3% YoY
Free Cash Flow
$623.7M

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About Telephone and Data Systems, Inc.

Part of the communication services sector, Telephone and Data Systems, Inc. (TDS) is listed under Telecom Services. The company carries a $4.45B market cap, placing it firmly in the mid-cap category. It operates through two segments: TDS Telecom and Array.

Key stats
Market Cap$4.45B
P/E (TTM)23.01
Fwd P/E4810.58
EPS$1.70
Beta0.34
52W Change+13.3%
Dividend Yield0.41%
ROE6.0%
Analysis

With $1.37B in cash and $1.25B in debt, TDS maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $623.7M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 6.0% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $5.41B (2022) to $1.23B (2025), a 77% decline worth watching.

With a beta below 0.7, Telephone and Data Systems, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Telephone and Data Systems, Inc.'s trajectory.

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