TELEPHONE & DATA SYSTEMS INC /DE/

TDS

TELEPHONE & DATA SYSTEMS INC /DE/

TDS

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-03-23Shares Purchased (TTM):0Shares Sold (TTM):360,218.38

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:99,315,960Shares Outstanding:113,882,000Institutional Ownership Pct.:87.21%

Earnings Market Reaction:

Filing Date:2026-05-08Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Telephone Communications (No Radiotelephone)

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets Current
Cash And Cash Equivalents At Carrying Value	1,367	766	933	540	348	364	451	322	249	236	256	251
Receivables Net Current
Accounts Receivable Net Current	63	69	59	920	921	57	929	951	955	992	988	1,014
Other Receivables	39	41	38	86	83	41	68	86	81	82	93	93
Inventory Net	4	4	4	130	182	4	167	148	184	208	181	216
Prepaid Expense Current	34	28	29	76	98	32	88	88	107	86	99	104
Income Taxes Receivable	0	1	0	2	3	2	3	4	3	4	3	5
Assets Held For Sale Not Part Of Disposal Group Cu…	-	-	2	-	-	-	-	-	-	-	-	-
Assets Of Disposal Group Including Discontinued Op…	-	0	0	-	-	1,163	-	-	-	-	-	-
Other Assets Current	13	14	14	32	38	31	40	42	49	52	60	63
Assets Current	1,520	923	1,080	1,786	1,673	1,695	1,746	1,641	1,628	1,660	1,680	1,746
Assets Held For Sale Not Part Of Disposal Group	737	1,598	1,618	-	-	0	-	-	-	-	-	-
Disposal Group Including Discontinued Operation As…	-	-	0	-	-	-	-	-	-	-	-	-
Assets Of Disposal Group Including Discontinued Op…	-	0	-	-	14	4,500	17	120	0	15	16	16
Indefinite Lived License Agreements	1,643	1,643	1,650	4,592	4,590	3,290	4,586	4,724	4,720	4,702	4,700	4,704
Goodwill	-	-	-	-	-	-	-	-	-	0	547	547
Finite Lived Intangible Assets Net	124	132	139	146	154	161	168	173	178	183	188	193
Investments In Affiliates Subsidiaries Associates …	486	462	501	493	527	500	524	507	526	505	520	500
Property Plant And Equipment Gross	-	7,122	7,009	14,468	14,357	7,014	14,409	14,224	14,452	15,612	15,497	15,322
Property Plant And Equipm…
Property Plant And Equipment Net	3,025	2,965	2,884	4,808	4,871	2,876	4,987	4,988	5,052	5,062	4,998	4,932
Operating Lease Right Of Use Asset	513	515	523	975	978	521	970	966	979	987	988	988
Other Assets Noncurrent	162	160	138	726	729	139	728	753	783	807	777	780
Assets	8,211	8,398	8,532	13,526	8,037	13,682	13,726	13,872	13,866	13,921	14,414	14,406
Liabilities And Stockhold…
Liabilities Current
Long Term Debt And Capital Lease Obligations Curre…	8	5	3	37	35	31	29	29	26	26	24	60
Accounts Payable Trade Current	97	116	121	268	247	75	334	327	302	360	550	364
Contract With Customer Liability Current	84	125	165	270	276	47	270	282	284	277	270	278
Interest Payable Current	3	3	4	15	25	9	26	17	21	12	20	12
Taxes Payable Current	138	47	139	39	41	37	49	43	44	43	51	45
Employee Related Liabilities Current	28	57	52	97	62	147	107	94	59	149	110	104
Operating Lease Liability Current	26	26	26	148	151	28	151	145	147	147	147	147
Liabilities Of Disposal Group Including Discontinu…	20	20	20	-	-	672	-	-	-	-	-	-
Other Liabilities Current	39	41	40	127	123	45	132	149	148	170	155	268
Liabilities Current	444	440	571	1,001	960	1,090	1,098	1,086	1,031	1,184	1,327	1,278
Liabilities Of Disposal Group Including Discontinu…	-	0	0	-	-	2,311	-	-	-	-	-	-
Liabilities Noncurrent
Liabilities Of Disposal Group Including Discontinu…	-	-	-	-	5	-	7	34	-	-	-	-
Deferred Income Tax Liabilities Net	699	744	715	982	987	981	961	992	988	975	1,003	987
Operating Lease Liability Noncurrent	548	550	555	867	867	541	862	873	883	890	896	900
Other Liabilities Noncurrent	584	574	577	815	807	461	812	786	780	784	819	820
Long Term Debt And Capital Lease Obligations	673	823	825	4,030	4,042	2,416	4,097	4,103	4,164	4,080	3,840	3,872
Redeemable Noncontrolling Interest Equity Other Ca…	-	0	0	16	16	16	16	16	16	12	12	12
Stockholders Equity Inclu…
Stockholders Equity
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital	2,486	2,484	2,479	2,535	2,581	2,574	2,557	2,542	2,570	2,558	2,544	2,532
Preferred Stock Value	1,074	1,074	1,074	1,074	1,074	1,074	1,074	1,074	1,074	1,074	1,074	1,074
Treasury Stock Value	-471	-473	-405	-389	-414	-425	-433	-437	-460	-465	-465	-466
Accumulated Other Comprehensive Income Loss Net Of…	21	22	17	18	18	18	11	11	11	11	5	5
Retained Earnings Accumulated Deficit	1,814	1,694	1,301	1,765	1,818	1,849	1,865	1,957	2,008	2,023	2,567	2,606
Stockholders Equity	5,263	5,267	4,467	5,815	5,852	5,868	5,873	5,148	5,204	5,202	5,726	6,537
Minority Interest	339	466	818	811	774	777	798	834	800	794	791	785
Liabilities And Stockholders Equity	8,211	8,398	8,532	13,526	13,536	13,682	13,726	13,872	13,866	13,921	14,414	14,406
Variable Interest Entity Primary Beneficiary	35	36	-815	-173	1,023	166	-39	-58	1,115	1,188	-142	-112
Common Class A	8	8	1	0	7	25	0	0	7	25	-0	0
Common Class B	106	106	0	1	107	265	0	0	106	265	1	0
Preferred Stock2	-	28	-	-	-	28	-	-	-	0	-	-
Preferred Stock1	-	17	-	-	-	17	-	-	-	0	-	-
Preferred Stock Member1	0	-	0	0	0	-	0	0	0	-	0	0
Preferred Stock Member2	0	-	0	0	0	-	0	0	0	-	0	0
Assets Held	35	36	-815	-173	1,023	166	-39	-58	1,115	1,188	-142	-112
Nonrecourse	9	10	-15	1	23	22	-1	0	23	23	-2	-2
Assets
Allowance For Doubtful Accounts Receivable Current	5	3	3	58	61	4	64	66	66	70	66	70
Allowance For Doubtful Other Receivables Current	2	3	3	2	2	2	2	2	3	4	3	3
Long Term Investments And…
Intangible Assets Net Exc…
Finite Lived Intangible Assets Accumulated Amortiz…	164	157	150	143	135	128	121	116	111	106	111	123
Accumulated Depreciation Depletion And Amortizatio…	4,198	4,157	4,126	9,660	9,486	4,137	9,422	9,236	9,400	10,550	10,499	10,390
Common Stock Shares Authorized	290	290	290	290	290	290	290	290	290	290	290	290
Common Stock Shares Issued	133	133	133	133	133	133	133	133	133	133	133	133
Shares Outstanding	114	114	116	115	114	114	113	113	113	113	113	113
Common Stock Par Or Stated Value Per Share	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01
Preferred Stock Shares Authorized	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Variable Interest Entitie…

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-15.84%	-17.18%	-25.96%	-	-	-	-	-	-	-	-	-
2025	-2.16%	-3.12%	6.31%	2.12%	2.28%	0.44%	6.85%	6.90%	17.21%	-	-	-
2024	30.71%	32.09%	48.97%	11.04%	14.99%	45.93%	23.87%	23.90%	31.55%	-7.80%	-5.93%	-8.80%
2023	-	-	-	18.53%	21.84%	22.38%	-1.18%	-6.69%	-3.68%	13.46%	12.94%	3.50%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	3.43	2.10	1.89	1.78	1.74	1.56	1.59	1.51	1.58	1.40	1.27	1.37
Quick Ratio	3.34	2.02	1.83	1.58	1.45	1.52	1.36	1.29	1.30	1.15	1.06	1.12
Working Capital	1.08B	483.16M	508.39M	785.00M	713.00M	605.50M	648.00M	555.00M	597.00M	476.00M	353.00M	468.00M
Leverage & Debt
Debt to Equity	0.08	0.08	0.13	0.17	0.16	0.19	0.19	0.21	0.20	0.20	0.23	0.20
Interest Coverage TTM	0.53	-0.57	-1.07	-1.61	-1.59	-0.88	-2.47	-1.43	-1.52	-1.70	0.37	0.12
Debt Ratio	0.05	0.05	0.07	0.07	0.12	0.08	0.08	0.08	0.07	0.09	0.09	0.09
Efficiency & Turnover
Asset Turnover TTM	0.15	0.11	0.02	0.02	0.03	0.09	0.29	0.36	0.36	0.36	0.36	0.37
Days Sales Outstanding TTM	144.05	18.70	708.89	1,248.88	1,052.12	147.63	84.52	70.45	70.98	72.89	72.16	70.99
Receivables Turnover TTM	2.53	19.51	0.51	0.29	0.35	2.47	4.32	5.18	5.14	5.01	5.06	5.14
Per Share Metrics
Diluted EPS TTM	0.53	-0.64	-0.88	-0.95	-1.04	-0.85	-5.63	-4.91	-4.68	-5.04	0.10	-0.16
Free Cash Flow Per Share TTM	-0.45	1.32	3.25	4.89	4.79	3.67	1.88	1.94	1.81	-0.61	-0.85	-2.91
Dividend Per Share TTM	4.55	3.11	3.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	61.48%	61.01%	-24.90%	-20.32%	-6.31%	59.39%	74.96%	76.17%	75.91%	75.97%	76.16%	76.39%
Operating Profit Margin TTM	6.44%	-7.93%	-82.32%	-106.50%	-89.79%	-14.75%	-13.71%	-7.27%	-7.35%	-8.02%	1.63%	0.49%
Net Profit Margin TTM	4.94%	-6.14%	-41.01%	-40.15%	-36.50%	-7.47%	-15.52%	-11.00%	-10.71%	-11.03%	0.21%	-0.34%
Growth Metrics
Net Revenue Growth (1Y)	283.28%	-5.30%	-93.85%	-94.63%	-93.64%	-74.86%	-20.47%	-4.31%	-5.22%	-4.67%	-4.11%	-0.84%
Net Income Growth (1Y)	-151.92%	-22.15%	-83.76%	-80.40%	-78.33%	-82.96%	-5,941.26%	3,011.11%	-2,984.21%	-890.28%	-78.00%	-117.48%
EPS Growth (1Y)	-152.24%	-23.14%	-84.05%	-80.57%	-78.63%	-83.07%	-5,888.55%	2,983.82%	-2,984.21%	-897.27%	-77.81%	-117.79%
Valuation Metrics
P/E TTM	77.67	-62.46	-43.54	-37.13	-37.18	-39.76	-4.10	-4.18	-3.27	-3.56	182.00	-49.46
P/B TTM	0.91	0.89	1.02	0.70	0.75	0.66	0.45	0.45	0.34	0.34	0.35	0.14
P/S TTM	3.84	3.84	17.86	14.91	13.57	2.97	0.64	0.46	0.35	0.39	0.38	0.17
Market Cap	4.79B	4.71B	4.54B	4.08B	4.42B	3.85B	2.63B	2.34B	1.79B	2.03B	2.00B	890.36M
Enterprise Value	4.10B	4.77B	4.43B	7.58B	8.12B	5.92B	6.29B	6.13B	5.70B	5.86B	5.57B	4.53B
Calculated Values
Free Cash Flow TTM	-51.32M	151.48M	376.89M	562.82M	549.04M	416.82M	214.31M	221.00M	205.00M	-69.00M	-96.00M	-329.00M
Net Debt	-690.59M	58.49M	-108.69M	3.51B	3.71B	2.06B	3.65B	3.79B	3.91B	3.84B	3.57B	3.64B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-23Sale

Owner: Carlson, Prudence E

Title: -

Shares: 5,811

Price/Share: $42.00

Value: $244,062.00

Shares Owned: 305,556

Relationship: Director

Ownership: Direct

2025-11-11Sale

Owner: Kroll, Anita J

Title: VP, Controller & CAO

Shares: 870

Price/Share: $39.16

Value: $34,069.20

Shares Owned: -

Relationship: Officer

Ownership: Direct

2025-08-20Sale

Owner: Kroll, Anita J

Title: VP, Controller & CAO

Shares: 8,608

Price/Share: $39.09

Value: $336,486.72

Shares Owned: 17,087

Relationship: Officer

Ownership: Direct

2025-08-18Sale

Owner: Hanley, Joseph R

Title: SVP-Strategy & Corp Dev

Shares: 68,759

Price/Share: $38.16

Value: $2,623,843.44

Shares Owned: 60,473

Relationship: Officer

Ownership: Direct

2025-08-18Sale

Owner: Carlson, Prudence E

Title: -

Shares: 4,452

Price/Share: $38.50

Value: $171,402.00

Shares Owned: 311,005

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-03-23	Carlson, Prudence E	Director	-	Direct	Sale	5,811	42.00	$244,062.00	305,556	4
2025-11-11	Kroll, Anita J	Officer	VP, Controller & CAO	Direct	Sale	870	39.16	$34,069.20	0	4
2025-08-20	Kroll, Anita J	Officer	VP, Controller & CAO	Direct	Sale	8,608	39.09	$336,486.72	17,087	4
2025-08-18	Hanley, Joseph R	Officer	SVP-Strategy & Corp Dev	Direct	Sale	68,759	38.16	$2,623,843.44	60,473	4
2025-08-18	Carlson, Prudence E	Director	-	Direct	Sale	4,452	38.50	$171,402.00	311,005	4
2025-08-18	Villacrez, Vicki L	Director,Officer	Executive Vice President & CFO	Direct	Sale	26,334	39.02	$1,027,552.68	454	4
2025-08-15	Villacrez, Vicki L	Director,Officer	Executive Vice President & CFO	Direct	Sale	58,452	38.56	$2,253,909.12	26,788	4
2025-08-14	Carlson, Prudence E	Director	-	Direct	Sale	6,320	38.05	$240,476.00	315,457	4
2025-08-13	Kroll, Anita J	Officer	VP, Controller & CAO	Direct	Sale	800	39.16	$31,328.00	19,492	4
2025-08-12	Oleary, Christopher D	Director	-	Direct	Sale	26,000	38.08	$990,080.00	45,183	4
2025-08-12	Chambers, Douglas W	Officer	President of a Subsidiary	Direct	Sale	41,992	38.63	$1,622,165.64	0	4
2025-08-12	Carlson, Leroy T Jr	Director,Officer	Vice Chair	Direct	Sale	111,820	38.15	$4,265,933.00	369,373	4
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Institutional Ownership

No data available for chart

2026-03-31

87.21%

Inst. Shares: 99,315,960

Shares Outstanding: 113,882,000

2025-12-31

87.81%

Inst. Shares: 101,144,285

Shares Outstanding: 115,179,000

2025-09-30

89.06%

Inst. Shares: 103,418,775

Shares Outstanding: 116,126,000

2025-06-30

86.52%

Inst. Shares: 99,500,880

Shares Outstanding: 115,000,000

2025-03-31

85.34%

Inst. Shares: 97,787,622

Shares Outstanding: 114,582,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	99,315,960	113,882,000	87.21%
2025-12-31	101,144,285	115,179,000	87.81%
2025-09-30	103,418,775	116,126,000	89.06%
2025-06-30	99,500,880	115,000,000	86.52%
2025-03-31	97,787,622	114,582,000	85.34%
2024-12-31	94,474,369	113,714,000	83.08%
2024-09-30	91,316,662	114,029,000	80.08%
2024-06-30	89,070,757	114,000,000	78.13%
2024-03-31	88,184,867	113,000,000	78.04%
2023-12-31	87,267,927	113,000,000	77.23%
2023-09-30	87,569,342	113,000,000	77.49%
2023-06-30	92,544,479	113,000,000	81.90%
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TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) — SEC Financial Statements & Analysis

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) is a telephone communications (no radiotelephone) company, incorporated in DE. TELEPHONE & DATA SYSTEMS INC /DE/ trades on NYSE as: TDS, TDS-PU, TDS-PV. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), TELEPHONE & DATA SYSTEMS INC /DE/ reported a 283.28% year-over-year revenue growth, a Gross Profit Margin of 61.48% (TTM), a Debt-to-Equity ratio of 0.08x, a Price-to-Sales (P/S) ratio of 3.84x (TTM), a Price-to-Book (P/B) ratio of 0.91 (TTM), at a market cap of $4.79B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 283.28%
Gross Profit Margin TTM: 61.48%
Debt To Equity: 0.08x
P/S TTM: 3.84x
P/B TTM: 0.91
Market Cap: $4.79B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is TELEPHONE & DATA SYSTEMS INC /DE/ in?

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) operates in the Telephone Communications (No Radiotelephone) industry.

What is TDS's market cap?

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) has a market capitalization of $4.79B as of 2026-03-31.

What is TDS's P/E ratio?

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)'s trailing twelve month P/E ratio is 77.67x as of 2026-03-31.

What exchange does TDS trade on?

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) trades on the NYSE.

Where is TELEPHONE & DATA SYSTEMS INC /DE/ incorporated?

TELEPHONE & DATA SYSTEMS INC /DE/ is incorporated in DE.

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) — SEC Financial Statements & Analysis

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