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Friday 6 November 2026 Export TDS’s income statement to Excel — free account

Telephone and Data Systems, Inc.

TDS Communication Services Telecom Services

Telephone and Data Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, down 75.3% from fiscal 2024.

Revenue
+3.60%
EPS
+5,000.0%
Free cash flow
−134.0%
Total debt
−83.3%

Quarter to June 2026, against a year earlier

32.49 3.52 −9.78%
Market cap
$3.5B
P/E
10.6×
Fwd P/E
9.3×
Dividend yield
0.49%
F-score
6/9
Altman Z
1.36
Beneish M
−0.96
Dividend safety
16/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Telephone and Data Systems, Inc. (TDS) Debt to equity

Alert me on Debt to equity

Telephone and Data Systems, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.1×, down 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.2× (fiscal 2025) to 0.7× (fiscal 2023) — the current reading is the lowest in ten years. That is below the Telecom Services industry median of 0.6× and in line with the Communication Services sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.2× (62.28%)
FY2024 0.4× (39.11%)
FY2023 0.7× 20.58%
FY2022 0.6× 30.34%
FY2021 0.4× (28.93%)
FY2020 0.6× 42.45%
FY2019 0.4× (6.60%)
FY2018 0.5× (8.24%)
FY2017 0.5× (2.43%)
FY2016 0.5× (1.34%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.1× (2.55%)
Mar 2026 0.1× (17.86%)
Dec 2025 0.2× 0.32%
Sep 2025 0.2× (77.58%)
42 more quarters

Against its own ten years

Low 0.2× High 0.7×
Ten-year median 0.5×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
LUMN Lumen Technologies, Inc. compare −7.7×
TDS Telephone and Data Systems, Inc. 0.1×
KYIV Kyivstar Group Ltd. compare 0.4×
TKC Turkcell Iletisim Hizmetleri AS compare 0.6×
LBTYA Liberty Global Ltd compare 0.9×
LBTYK Liberty Global Ltd compare 0.9×
PHI PLDT Inc. compare 2.2×
VEON VEON Ltd. compare 3.0×
IRDM Iridium Communications Inc compare 3.7×
Telecom Services industry median 0.6×
Communication Services sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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