Telephone and Data Systems (TDS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Telephone and Data Systems

NYSE•Communication Services•Telecom Services

$37.07-0.76(-0.02%)Pre-market

Market Cap

$4.11B

P/E

9.8x

P/B

0.8x

Telephone and Data Systems, Inc., a telecommunications company, provides communications services to residential, commercial, and wholesale customers in the United States. It operates through two segments: TDS Telecom and Array. The company offers internet connections and all-home Wi-Fi services, fiber internet, security, and support services; advanced home TV entertainment combined with a digital video recording (DVR) services; TDS TV+, an integrated cloud TV platform that combines linear and on-demand programming, mobile device interfaces, personalized recommendations, and network-based DVR; digital television; local and long-distance telephone service, voice over internet protocol, and enhanced services; wireless services to customers; broadband, IP-based services, and hosted voice and video collaboration services to small- and medium-sized businesses; carrying data and voice traffic services; wholesale services; and communication services in underserved areas. The company is also leases tower spaces to tenants; provides ancillary services. The company sells and distributes its products through third-party direct sales, retail stores, sales agents, and an online platform to sell services and products. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.

How this company scores

AverageMetricSide Score: 55/100

Strongest: Profitability (21/25); weakest: Cash & Earnings Quality (3/25).

Profitability21/25

Growth10/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality3/25

Strengths

Strong marginsRising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.8x5y range 9.8x – 128.9x

Currently below its 9-quarter median.

P/S · 12.4x5y range 0.2x – 12.4x

Currently above its 19-quarter median.

P/B · 0.8x5y range 0.2x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $4.11B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $-493.06M
Q. Revenue: $309.28M
TTM EBITDA: $350.76M
TTM Op. Income: $344.64M
Q. Op. Income: $373.21M
TTM Net Income: $417.72M
Q. Net Income: $298.37M
EPS: $2.45
Shares Out.: $114.50M

$-493.06M in TTM revenue declined 110.3% YoY, reaching $309.28M last quarter. TTM EBITDA of $350.76M and TTM operating income of $344.64M show growth is flowing through to the bottom line. TTM net income of $417.72M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 149.4%
Op. Margin: 120.7%
Net Margin: 96.5%

Op. margin of 120.7% is up 117.3% YoY — cost efficiency is improving. Net margin at 96.5% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.8x
P/S Ratio: N/A
P/B Ratio: 0.8x

At 9.8x P/E, the stock trades below typical market levels. P/S of 0.0x and P/B of 0.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.38B
Cash: $2.19B
Long-Term Debt: $670.65M
Book Value: $5.17B
D/E Ratio: 0.1
Debt/EBITDA: 1.5

With $8.38B in assets and $670.65M in long-term debt, D/E is 0.1and book value is $5.17B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $82.97M
TTM Free Cash Flow: $-540.10M
FCF Margin: N/A
FCF / Net Income: -1.3

TTM FCF of $-540.10M on $82.97M in operating cash flow. The FCF / Net Income ratio of -1.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.