Stocktoria

TELEPHONE & DATA SYSTEMS INC /DE/ TDS

NYSE · stock · Telephone Communications (No Radiotelephone) · website · IPO 1981-12-15

TELEPHONE & DATA SYSTEMS INC /DE/ statistics & valuation

Market cap$4.1B
P / S3.3×
P / B0.8×
P / FCF20.5×
Net margin-0.5%
Return on equity-0.1%
FCF margin16.2%
Return on capital-1.2%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
0.80% 3.00% 2.60% 2.30% 4.30% 2.90% 1.10% -36.90% -2.10% -0.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2.10% -2.10% 4.00% 3.50% 5.00% 4.90% 2.30% -50.40% -14.70% -7.90% 2016201720182019202020212022202320242025
Return on equity (%)
0.90% 3.10% 2.60% 2.20% 4.00% 2.30% 0.90% -8.30% -0.50% -0.10% 2016201720182019202020212022202320242025
Shares outstanding
111.0M 112.0M 114.0M 116.0M 115.0M 116.0M 114.0M 113.0M 114.3M 118.6M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.50% 1.60% 1.40% 1.10% 1.80% 1.20% 0.40% -6.10% -0.20% -0.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.70% -0.50% -0.10% 36.80% 60.20% 16.20% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.39 $1.37 $1.17 $1.03 $1.93 $1.00 -$0.07 -$5.05 -$0.85 -$0.65 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TELEPHONE & DATA SYSTEMS INC /DE/ trades at about 33.2× earnings — above its 10-year norm (10-year range 9.7×–78.6×, median 20.9×).

9.7× 78.6×

Shaded band = 10-year range (9.7×–78.6×); dot = today's 33.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-7.9%-14.7%-50.4%2.3%4.9%5.0%3.5%4.0%-2.1%2.1%
Net margin-0.5%-2.1%-36.9%1.1%2.9%4.3%2.3%2.6%3.0%0.8%
FCF margin16.2%60.2%36.8%-0.1%-0.5%3.7%————
Return on assets-0.1%-0.2%-6.1%0.4%1.2%1.8%1.1%1.4%1.6%0.5%
Return on equity-0.1%-0.5%-8.3%0.9%2.3%4.0%2.2%2.6%3.1%0.9%
Current ratio2.101.561.401.341.732.622.002.652.142.32

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.