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TDS · NYSE · United States · Telephone Communications (No Radiotelephone)
In shortTELEPHONE & DATA SYSTEMS INC /DE/ is loss-making, generates cash and carries moderate debt, with revenue shrinking (−5.3% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -7.9% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -0.5% | 18/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -0.1% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -1.4% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.10× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.17× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.30× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -0.86× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.36 | 32/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 16.2% | 85/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 33.0% | 0/100 |
| Operating margin volatility | 22.2% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -39.0% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5,329 | 5,413 | 1,355 | 1,297 | 1,228 |
| Selling, general & admin | 1,677 | 1,768 | 489 | 487 | 435 |
| Operating income | 261 | 122 | (683) | (191) | (97) |
| Interest expense | 232 | 174 | 62 | 109 | 113 |
| Pre-tax income | 221 | 125 | (563) | (103) | 89 |
| Income tax | 33 | 53 | (16) | (22) | (62) |
| Net income | 156 | 62 | (500) | (28) | (6.2) |
| Diluted EPS | $1.00 | −$0.07 | −$5.05 | −$0.85 | −$0.65 |
| Diluted shares (millions) | 116 | 114 | 113 | 114 | 119 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of TELEPHONE & DATA SYSTEMS INC /DE/ are included in the Investor plan. Try free for 7 days →
2.36 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 7, 2026