InsiderClue
Stocks · Communication · Telephone Communications (No Radiotelephone)

TELEPHONE & DATA SYSTEMS INC /DE/

TDS Clue Score34
United States Fiscal year ends December CIK 0001051512
$33.53 -1.76% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $33.53 +73.37% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue5.16Operating income0.11Net income0.04EPS, diluted0.39Fiscal year 2017Revenue5.04 −2.2%Operating income−0.11Net income0.15 +255.8%EPS, diluted1.37 +251.3%Fiscal year 2018Revenue5.02 −0.5%Operating income0.21Net income0.14 −11.8%EPS, diluted1.17 −14.6%Fiscal year 2019Revenue5.08 +1.1%Operating income0.18Net income0.12 −10.4%EPS, diluted1.03 −12.0%Fiscal year 2020Revenue5.12 +0.9%Operating income0.26Net income0.23 +86.8%EPS, diluted1.93 +87.4%Fiscal year 2021Revenue5.22 +2.0%Operating income0.26Net income0.16 −31.0%EPS, diluted1.00 −48.2%Fiscal year 2022Revenue5.29 +1.4%Operating income0.12Net income0.06 −60.3%EPS, diluted−0.07 −107.0%Fiscal year 2023Revenue1.23 −76.8%Operating income−0.68Net income−0.50 −906.5%EPS, diluted−5.05Fiscal year 2024Revenue1.18 −4.2%Operating income−0.19Net income−0.03EPS, diluted−0.85Fiscal year 2025Revenue1.07 −9.0%Operating income−0.10Net income−0.01EPS, diluted−0.65
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.16 5.04 5.02 5.08 5.12 5.22 5.29 1.23 1.18 1.07
Growth −2.2% −0.5% +1.1% +0.9% +2.0% +1.4% −76.8% −4.2% −9.0%
Operating income 0.11 −0.11 0.21 0.18 0.26 0.26 0.12 −0.68 −0.19 −0.10
Net income 0.04 0.15 0.14 0.12 0.23 0.16 0.06 −0.50 −0.03 −0.01
Growth +255.8% −11.8% −10.4% +86.8% −31.0% −60.3% −906.5%
EPS, diluted 0.39 1.37 1.17 1.03 1.93 1.00 −0.07 −5.05 −0.85 −0.65
Growth +251.3% −14.6% −12.0% +87.4% −48.2% −107.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin2.1%Net margin0.8%Free cash flow margin2.8%Fiscal year 2017Operating margin−2.1%Net margin3.0%Free cash flow margin1.8%Fiscal year 2018Operating margin4.1%Net margin2.7%Free cash flow margin4.8%Fiscal year 2019Operating margin3.5%Net margin2.4%Free cash flow margin1.2%Fiscal year 2020Operating margin5.1%Net margin4.4%Free cash flow margin3.8%Fiscal year 2021Operating margin5.0%Net margin3.0%Free cash flow margin−0.5%Fiscal year 2022Operating margin2.3%Net margin1.2%Free cash flow margin−0.1%Fiscal year 2023Operating margin−55.6%Net margin−40.7%Free cash flow margin40.6%Fiscal year 2024Operating margin−16.3%Net margin−2.4%Free cash flow margin66.3%Fiscal year 2025Operating margin−9.1%Net margin−0.6%Free cash flow margin18.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 2.1% −2.1% 4.1% 3.5% 5.1% 5.0% 2.3% −55.6% −16.3% −9.1%
Net margin 0.8% 3.0% 2.7% 2.4% 4.4% 3.0% 1.2% −40.7% −2.4% −0.6%
Free cash flow margin 2.8% 1.8% 4.8% 1.2% 3.8% −0.5% −0.1% 40.6% 66.3% 18.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.78Capital expenditure−0.64Free cash flow0.15Buybacks−0.00Fiscal year 2017Operating cash flow0.78Capital expenditure−0.69Free cash flow0.09 −37.7%Buybacks0.00Fiscal year 2018Operating cash flow1.02Capital expenditure−0.78Free cash flow0.24 +164.8%Buybacks0.00Fiscal year 2019Operating cash flow1.02Capital expenditure−0.96Free cash flow0.06 −75.5%Buybacks0.00Fiscal year 2020Operating cash flow1.53Capital expenditure−1.34Free cash flow0.19 +228.8%Buybacks−0.01Fiscal year 2021Operating cash flow1.10Capital expenditure−1.13Free cash flow−0.03 −114.4%Buybacks−0.01Fiscal year 2022Operating cash flow1.16Capital expenditure−1.16Free cash flow−0.01Buybacks−0.04Fiscal year 2023Operating cash flow1.14Capital expenditure−0.64Free cash flow0.50Buybacks−0.01Fiscal year 2024Operating cash flow1.15Capital expenditure−0.37Free cash flow0.78 +56.7%Buybacks0.00Fiscal year 2025Operating cash flow0.59Capital expenditure−0.39Free cash flow0.20 −74.5%Buybacks−0.11
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.78 0.78 1.02 1.02 1.53 1.10 1.16 1.14 1.15 0.59
Capital expenditure −0.64 −0.69 −0.78 −0.96 −1.34 −1.13 −1.16 −0.64 −0.37 −0.39
Free cash flow 0.15 0.09 0.24 0.06 0.19 −0.03 −0.01 0.50 0.78 0.20
Growth −37.7% +164.8% −75.5% +228.8% −114.4% +56.7% −74.5%
Buybacks −0.00 0.00 0.00 0.00 −0.01 −0.01 −0.04 −0.01 0.00 −0.11

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.90Shareholders’ equity4.14Fiscal year 2017Cash0.62Shareholders’ equity4.27Fiscal year 2018Cash0.92Shareholders’ equity4.56Fiscal year 2019Cash0.47Shareholders’ equity4.65Fiscal year 2020Cash1.43Shareholders’ equity4.80Fiscal year 2021Cash0.37Shareholders’ equity5.93Fiscal year 2022Cash0.36Shareholders’ equity5.85Fiscal year 2023Cash0.24Shareholders’ equity5.20Fiscal year 2024Cash0.36Shareholders’ equity5.09Fiscal year 2025Cash0.77Shareholders’ equity4.80
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.90 0.62 0.92 0.47 1.43 0.37 0.36 0.24 0.36 0.77
Shareholders’ equity 4.14 4.27 4.56 4.65 4.80 5.93 5.85 5.20 5.09 4.80

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
2.1% −2.1% 4.1% 3.5% 5.1% 5.0% 2.3% −55.6% −16.3% −9.1%
1.8% −2.4% 4.4% 4.2% 5.6% 4.2% 2.4% −45.9% −8.8% 8.3%
0.8% 3.0% 2.7% 2.4% 4.4% 3.0% 1.2% −40.7% −2.4% −0.6%
2.8% 1.8% 4.8% 1.2% 3.8% −0.5% −0.1% 40.6% 66.3% 18.6%
Spending
34.2% 33.5% 33.8% 33.8% 32.8% 32.1% 33.4% 39.8% 41.4% 40.6%
12.3% 13.6% 15.5% 18.9% 26.1% 21.7% 21.9% 52.4% 31.1% 36.5%
43.5% n/a 20.8% 30.3% 6.6% 14.9% 42.4% n/a n/a −69.9%
Returns
1.0% 3.6% 3.0% 2.6% 4.7% 2.6% 1.1% −9.6% −0.5% −0.1%
0.5% 1.6% 1.4% 1.1% 1.8% 1.2% 0.4% −6.1% −0.2% −0.1%
Balance and payout
2.1% 0.0% 0.0% 0.0% 7.2% n/a n/a 1.2% 0.0% 54.2%