What is Telephone & Data Sys Inc's earnings per share (EPS)?

Telephone & Data Sys Inc (TDS) reported diluted earnings per share of $-0.65 for fiscal year 2025. This represents a 23.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Telephone & Data Sys Inc Financials

TDS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Telephone & Data Sys Inc (TDS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 40/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Telephone & Data Sys Inc has an operating margin of -7.9%, meaning the company retains $-8 of operating profit per $100 of revenue. This below-average margin results in a low score of 5/100, suggesting thin profitability after operating expenses. This is up from -14.8% the prior year.

Growth

Telephone & Data Sys Inc's revenue declined 5.3% year-over-year, from $1.3B to $1.2B. This contraction results in a growth score of 24/100.

Leverage

Telephone & Data Sys Inc carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Telephone & Data Sys Inc's current ratio of 2.10 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Telephone & Data Sys Inc converts 16.2% of revenue into free cash flow ($199.4M). This strong cash generation earns a score of 66/100.

Returns

Telephone & Data Sys Inc generates a -0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from -0.5% the prior year.

Piotroski F-Score Strong

7/9

Telephone & Data Sys Inc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-94.59x

For every $1 of reported earnings, Telephone & Data Sys Inc generates $-94.59 in operating cash flow ($589.9M OCF vs -$6.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.9x

Telephone & Data Sys Inc earns $-0.9 in operating income for every $1 of interest expense (-$97.4M vs $112.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.2B

YoY-5.3%

5Y CAGR-25.1%

10Y CAGR-13.5%

Telephone & Data Sys Inc generated $1.2B in revenue in fiscal year 2025. This represents a decrease of 5.3% from the prior year.

EBITDA

$206.0M

YoY+118.8%

5Y CAGR-28.7%

10Y CAGR-16.4%

Telephone & Data Sys Inc's EBITDA was $206.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 118.8% from the prior year.

Net Income

-$6.2M

YoY+77.5%

Telephone & Data Sys Inc reported -$6.2M in net income in fiscal year 2025. This represents an increase of 77.5% from the prior year.

EPS (Diluted)

$-0.65

YoY+23.5%

Telephone & Data Sys Inc earned $-0.65 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$199.4M

YoY-74.5%

5Y CAGR+0.5%

Telephone & Data Sys Inc generated $199.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 74.5% from the prior year.

Cash & Debt

$766.0M

YoY+110.7%

5Y CAGR-11.7%

10Y CAGR-2.5%

Telephone & Data Sys Inc held $766.0M in cash against $823.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.16

YoY-48.4%

5Y CAGR-25.1%

10Y CAGR-11.8%

Telephone & Data Sys Inc paid $0.16 per share in dividends in fiscal year 2025. This represents a decrease of 48.4% from the prior year.

Shares Outstanding

114M

YoY-0.5%

5Y CAGR-0.0%

10Y CAGR+0.4%

Telephone & Data Sys Inc had 114M shares outstanding in fiscal year 2025. This represents a decrease of 0.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-7.9%

YoY+6.8pp

5Y CAGR-12.9pp

10Y CAGR-16.2pp

Telephone & Data Sys Inc's operating margin was -7.9% in fiscal year 2025, reflecting core business profitability. This is up 6.8 percentage points from the prior year.

Net Margin

-0.5%

YoY+1.6pp

5Y CAGR-4.8pp

10Y CAGR-4.7pp

Telephone & Data Sys Inc's net profit margin was -0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.

Return on Equity

-0.1%

YoY+0.4pp

5Y CAGR-4.8pp

10Y CAGR-5.4pp

Telephone & Data Sys Inc's ROE was -0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$108.1M

5Y CAGR+50.5%

Telephone & Data Sys Inc spent $108.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$390.5M

YoY+6.9%

5Y CAGR-21.8%

10Y CAGR-6.9%

Telephone & Data Sys Inc invested $390.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.9% from the prior year.

TDS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.2B-5.3%	$1.3B-4.3%	$1.4B-75.0%	$5.4B+1.6%	$5.3B+2.0%	$5.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$435.1M-10.6%	$486.7M-0.4%	$488.8M-72.4%	$1.8B+5.4%	$1.7B-0.2%	$1.7B
Operating Income	-$97.4M+49.1%	-$191.3M+72.0%	-$682.6M-659.5%	$122.0M-53.3%	$261.0M+0.8%	$259.0M
Interest Expense	$112.7M+3.8%	$108.6M+74.6%	$62.2M-64.3%	$174.0M-25.0%	$232.0M+38.1%	$168.0M
Income Tax	-$62.2M-181.8%	-$22.1M-39.7%	-$15.8M-129.8%	$53.0M+60.6%	$33.0M+73.7%	$19.0M
Net Income	-$6.2M+77.5%	-$27.7M+94.5%	-$500.0M-906.5%	$62.0M-60.3%	$156.0M-31.0%	$226.0M
EPS (Diluted)	$-0.65+23.5%	$-0.85+83.2%	$-5.05-7114.3%	$-0.07-107.0%	$1.00-48.2%	$1.93

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$308.5M-74.0%	$1.2B+2.8%	$1.2B	N/A	$327.5M-73.5%	$1.2B-1.9%	$1.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$106.2M-74.8%	$421.0M-0.9%	$425.0M	N/A	$116.6M-72.6%	$426.0M+0.5%	$424.0M
Operating Income	N/A	-$68.0M-269.9%	$40.0M+14.3%	$35.0M	N/A	-$149.7M-483.9%	$39.0M-41.8%	$67.0M
Interest Expense	N/A	$47.3M-32.5%	$70.0M+14.8%	$61.0M	N/A	$32.7M-55.2%	$73.0M+28.1%	$57.0M
Income Tax	N/A	-$72.8M-2525.7%	$3.0M-62.5%	$8.0M	N/A	-$30.7M-610.9%	$6.0M-70.0%	$20.0M
Net Income	N/A	-$81.8M-781.3%	$12.0M+71.4%	$7.0M	N/A	-$65.7M-2291.3%	$3.0M-89.7%	$29.0M
EPS (Diluted)	N/A	$-0.84-1580.0%	$-0.05+44.4%	$-0.09	N/A	$-0.73-461.5%	$-0.13-230.0%	$0.10

TDS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.4B-38.6%	$13.7B+68.2%	$8.1B-44.1%	$14.6B+7.8%	$13.5B+7.7%	$12.5B
Current Assets	$923.5M-45.5%	$1.7B+2.1%	$1.7B-18.1%	$2.0B-0.8%	$2.0B-32.5%	$3.0B
Cash & Equivalents	$766.0M+110.7%	$363.6M+54.1%	$236.0M-34.4%	$360.0M-1.9%	$367.0M-74.3%	$1.4B
Inventory	$4.1M+0.2%	$4.1M-98.1%	$208.0M-22.4%	$268.0M+50.6%	$178.0M+15.6%	$154.0M
Accounts Receivable	$68.7M+20.3%	$57.1M-94.2%	$992.0M-7.2%	$1.1B+1.0%	$1.1B+5.4%	$1.0B
Goodwill	N/A	N/A	$0-100.0%	$547.0M0.0%	$547.0M0.0%	$547.0M
Total Liabilities	$3.6B-58.1%	$8.6B+192.9%	$2.9B-66.3%	$8.7B+15.0%	$7.6B-2.0%	$7.7B
Current Liabilities	$440.3M-59.6%	$1.1B-8.0%	$1.2B-21.8%	$1.5B+28.3%	$1.2B+2.3%	$1.2B
Long-Term Debt	$823.4M-65.9%	$2.4B-40.8%	$4.1B+9.4%	$3.7B+27.4%	$2.9B-14.5%	$3.4B
Total Equity	$4.8B-5.7%	$5.1B-2.1%	$5.2B-11.1%	$5.8B-1.3%	$5.9B+23.4%	$4.8B
Retained Earnings	$1.7B-8.4%	$1.8B-8.6%	$2.0B-25.0%	$2.7B-4.0%	$2.8B+0.4%	$2.8B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$8.4B-1.6%	$8.5B-36.9%	$13.5B-0.1%	$13.5B-1.1%	$13.7B-0.3%	$13.7B-1.0%	$13.9B0.0%	$13.9B
Current Assets	$923.5M-14.5%	$1.1B-39.5%	$1.8B+6.8%	$1.7B-1.3%	$1.7B-2.9%	$1.7B+6.4%	$1.6B+0.8%	$1.6B
Cash & Equivalents	$766.0M-17.9%	$933.0M+72.8%	$540.0M+55.2%	$348.0M-4.3%	$363.6M-19.4%	$451.0M+40.1%	$322.0M+29.3%	$249.0M
Inventory	$4.1M+0.6%	$4.0M-96.9%	$130.0M-28.6%	$182.0M+4391.6%	$4.1M-97.6%	$167.0M+12.8%	$148.0M-19.6%	$184.0M
Accounts Receivable	$68.7M+15.9%	$59.3M-93.6%	$920.0M-0.1%	$921.0M+1511.9%	$57.1M-93.8%	$929.0M-2.3%	$951.0M-0.4%	$955.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.6B-11.5%	$4.1B-52.3%	$8.5B+0.8%	$8.5B-1.5%	$8.6B-0.7%	$8.7B-0.8%	$8.7B+0.7%	$8.7B
Current Liabilities	$440.3M-22.9%	$571.4M-42.9%	$1.0B+4.3%	$960.0M-11.9%	$1.1B-0.8%	$1.1B+1.1%	$1.1B+5.3%	$1.0B
Long-Term Debt	$823.4M-0.2%	$825.3M-79.5%	$4.0B-0.3%	$4.0B+67.3%	$2.4B-41.0%	$4.1B-0.1%	$4.1B-1.5%	$4.2B
Total Equity	$4.8B+7.5%	$4.5B-10.7%	$5.0B-1.5%	$5.1B-0.3%	$5.1B+0.3%	$5.1B-1.4%	$5.1B-1.1%	$5.2B
Retained Earnings	$1.7B+30.2%	$1.3B-26.3%	$1.8B-2.9%	$1.8B-1.7%	$1.8B-0.9%	$1.9B-4.7%	$2.0B-2.5%	$2.0B

TDS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$589.9M-48.5%	$1.1B+0.4%	$1.1B-1.2%	$1.2B+4.7%	$1.1B-28.0%	$1.5B
Capital Expenditures	$390.5M+6.9%	$365.4M-43.2%	$643.1M-44.6%	$1.2B+2.7%	$1.1B-15.5%	$1.3B
Free Cash Flow	$199.4M-74.5%	$780.4M+56.7%	$498.1M+8401.4%	-$6.0M+78.6%	-$28.0M-114.4%	$194.0M
Investing Cash Flow	$2.1B+384.2%	-$754.5M+43.1%	-$1.3B+25.6%	-$1.8B+27.6%	-$2.5B-62.9%	-$1.5B
Financing Cash Flow	-$2.3B-745.9%	-$277.5M-595.1%	$56.0M-90.9%	$613.0M+91.0%	$321.0M-66.5%	$957.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$108.1M	$0-100.0%	$5.8M-85.5%	$40.0M+400.0%	$8.0M-42.9%	$14.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$19.6M+153.4%	-$36.7M-108.7%	$421.0M+126.3%	$186.0M-12.6%	$212.8M-30.7%	$307.1M-23.6%	$402.0M+79.5%	$224.0M
Capital Expenditures	$128.5M+636.6%	-$23.9M-115.2%	$157.0M+21.7%	$129.0M+34.0%	$96.2M+152.9%	-$181.8M-184.2%	$216.0M-8.1%	$235.0M
Free Cash Flow	-$108.9M-79.6%	-$60.6M-123.0%	$264.0M+363.2%	$57.0M-51.1%	$116.5M-7.0%	$125.3M-32.6%	$186.0M+1790.9%	-$11.0M
Investing Cash Flow	-$84.6M-103.4%	$2.5B+1867.9%	-$141.0M-14.6%	-$123.0M+29.6%	-$174.8M-52.4%	-$114.7M+47.6%	-$219.0M+11.0%	-$246.0M
Financing Cash Flow	-$102.0M+95.1%	-$2.1B-2157.7%	-$92.0M-21.1%	-$76.0M+39.8%	-$126.3M-90.9%	-$66.2M+42.5%	-$115.0M-483.3%	$30.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$67.4M	N/A	N/A	N/A	$0	$0	$0	$0

TDS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-7.9%+6.8pp	-14.8%+35.6pp	-50.4%-52.6pp	2.3%-2.7pp	4.9%-0.1pp	5.0%
Net Margin	-0.5%+1.6pp	-2.1%+34.8pp	-36.9%-38.0pp	1.1%-1.8pp	2.9%-1.4pp	4.3%
Return on Equity	-0.1%+0.4pp	-0.5%+9.1pp	-9.6%-10.7pp	1.1%-1.6pp	2.6%-2.1pp	4.7%
Return on Assets	-0.1%+0.1pp	-0.2%+5.9pp	-6.2%-6.6pp	0.4%-0.7pp	1.2%-0.6pp	1.8%
Current Ratio	2.10+0.5	1.56+0.2	1.40+0.1	1.34-0.4	1.73-0.9	2.62
Debt-to-Equity	0.17-0.3	0.47-0.3	0.78+0.1	0.64+0.1	0.49-0.2	0.71
FCF Margin	16.2%-43.9pp	60.2%+23.4pp	36.8%+36.9pp	-0.1%+0.4pp	-0.5%-4.2pp	3.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-22.0%-25.4pp	3.4%+0.3pp	3.0%	N/A	-45.7%-48.9pp	3.1%-2.2pp	5.3%
Net Margin	N/A	-26.5%-27.5pp	1.0%+0.4pp	0.6%	N/A	-20.1%-20.3pp	0.2%-2.1pp	2.3%
Return on Equity	N/A	-1.8%-2.1pp	0.2%+0.1pp	0.1%	N/A	-1.3%-1.4pp	0.1%-0.5pp	0.6%
Return on Assets	N/A	-1.0%-1.0pp	0.1%+0.0pp	0.1%	N/A	-0.5%-0.5pp	0.0%-0.2pp	0.2%
Current Ratio	2.10+0.2	1.89+0.1	1.78+0.0	1.74+0.2	1.56-0.0	1.59+0.1	1.51-0.1	1.58
Debt-to-Equity	0.17-0.0	0.18-0.6	0.810.0	0.80+0.3	0.47-0.3	0.81+0.0	0.800.0	0.80
FCF Margin	N/A	-19.7%-41.9pp	22.3%+17.3pp	4.9%	N/A	38.3%+23.2pp	15.0%+15.9pp	-0.9%

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Frequently Asked Questions

What is Telephone & Data Sys Inc's annual revenue?

Telephone & Data Sys Inc (TDS) reported $1.2B in total revenue for fiscal year 2025. This represents a -5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Telephone & Data Sys Inc's revenue growing?

Telephone & Data Sys Inc (TDS) revenue declined by 5.3% year-over-year, from $1.3B to $1.2B in fiscal year 2025.

Is Telephone & Data Sys Inc profitable?

No, Telephone & Data Sys Inc (TDS) reported a net income of -$6.2M in fiscal year 2025, with a net profit margin of -0.5%.

What is Telephone & Data Sys Inc's EBITDA?

Telephone & Data Sys Inc (TDS) had EBITDA of $206.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Telephone & Data Sys Inc have?

As of fiscal year 2025, Telephone & Data Sys Inc (TDS) had $766.0M in cash and equivalents against $823.4M in long-term debt.

What is Telephone & Data Sys Inc's operating margin?

Telephone & Data Sys Inc (TDS) had an operating margin of -7.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Telephone & Data Sys Inc's net profit margin?

Telephone & Data Sys Inc (TDS) had a net profit margin of -0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Telephone & Data Sys Inc pay dividends?

Yes, Telephone & Data Sys Inc (TDS) paid $0.16 per share in dividends during fiscal year 2025.

What is Telephone & Data Sys Inc's return on equity (ROE)?

Telephone & Data Sys Inc (TDS) has a return on equity of -0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Telephone & Data Sys Inc's free cash flow?

Telephone & Data Sys Inc (TDS) generated $199.4M in free cash flow during fiscal year 2025. This represents a -74.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Telephone & Data Sys Inc's operating cash flow?

Telephone & Data Sys Inc (TDS) generated $589.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Telephone & Data Sys Inc's total assets?

Telephone & Data Sys Inc (TDS) had $8.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Telephone & Data Sys Inc's capital expenditures?

Telephone & Data Sys Inc (TDS) invested $390.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Telephone & Data Sys Inc buy back shares?

Yes, Telephone & Data Sys Inc (TDS) spent $108.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Telephone & Data Sys Inc have outstanding?

Telephone & Data Sys Inc (TDS) had 114M shares outstanding as of fiscal year 2025.

What is Telephone & Data Sys Inc's current ratio?

Telephone & Data Sys Inc (TDS) had a current ratio of 2.10 as of fiscal year 2025, which is generally considered healthy.

What is Telephone & Data Sys Inc's debt-to-equity ratio?

Telephone & Data Sys Inc (TDS) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Telephone & Data Sys Inc's return on assets (ROA)?

Telephone & Data Sys Inc (TDS) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Telephone & Data Sys Inc's Piotroski F-Score?

Telephone & Data Sys Inc (TDS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Telephone & Data Sys Inc's earnings high quality?

Telephone & Data Sys Inc (TDS) has an earnings quality ratio of -94.59x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Telephone & Data Sys Inc cover its interest payments?

Telephone & Data Sys Inc (TDS) has an interest coverage ratio of -0.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Telephone & Data Sys Inc?

Telephone & Data Sys Inc (TDS) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.