TD
Telephone and Data Systems Inc
TDS—
Telephone and Data Systems Inc AI Insights
Informational only. Not investment advice.Snapshot
- Revenue down 39% 3Y and 25% 5Y while industry median grew 3% - structural decline accelerating post-asset sales[Total Revenue 3Y Growth]
- FCF of -102M TTM with 884M capex (18% of revenue) - capital intensity crushing cash generation despite 1.4B EBITDA[Free Cash Flow TTM]
- Interest expense 300M vs operating income 165M TTM - debt service exceeds operating profit by 1.8x[Interest Expense TTM]
Watch Triggers
- Total Revenue TTM: Quarterly revenue decline slows to <5% YoY — Revenue stabilization prerequisite for any turnaround thesis
- Free Cash Flow TTM: Turns positive for 2 consecutive quarters — Validates capex reduction strategy without sacrificing network quality
- Interest Expense TTM: Falls below Operating Income TTM — Interest coverage <1x is unsustainable; crossing above signals viability
Bull Case
Gross margin 58% TTM at industry median with 1.4B EBITDA - core operations profitable if capex normalizes post-network build
Gross Margin TTMEBITDA TTM
Debt/equity 0.42 with 1.6B deleveraging completed - balance sheet repair creates optionality for M&A or dividend resumption
Debt to EquityNet Long Term Debt Issuance
Bear Case
Revenue declining 8-10% annually with negative ROIC (-0.7% TTM) vs industry median 4.6% - value destruction ongoing
ROIC TTMTotal Revenue 3Y Growth
Operating margin 3.4% vs industry 8.9% with 300M interest burden - no path to profitability without revenue stabilization
Operating Margin TTMInterest Expense TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
30%
Leverage TDS's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Debt reduction of 1.6B signals strategic pivot but leaves limited runway for network investment
1-3ymed
- Net debt paydown of 1.6B in TTM period
- Capex at 884M still required for network maintenance
- Cash of 933M provides ~1 year buffer at current burn
Net Long Term Debt Issuance: -1.6B TTMCash and Equivalents: 933MFree Cash Flow: -102M TTM
Valuation Context
Caveats
Public Strategies Rankings
See how Telephone and Data Systems Inc ranks across different investment strategies.
Leverage TDS's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
TDS Fundamentals
Information → Wired and Wireless Telecommunications Carriers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$5.32B | — | ||
$5.8B | — | ||
0.00 | — | ||
$4.86B | -3.5% | — | |
$-0.56 | — | ||
3.40% | -0.7% | — | |
-1.18% | +9.5% | — | |
$-102.27M | — | ||
-0.02 | +10.9% | — | |
Beta 5Y (Monthly) | unknown | — |
TDS Dividend History
105 dividends
2026
$10.250001/23/26$10.2500
2025
$0.160012/15/25$0.0400
09/15/25$0.0400
06/16/25$0.0400
03/17/25$0.0400
2024
$0.310012/16/24$0.0400
09/16/24$0.0400
06/14/24$0.0400
03/14/24$0.1900
2023
$0.740012/14/23$0.1850
09/14/23$0.1850
06/14/23$0.1850
03/14/23$0.1850
2022
$0.720012/14/22$0.1800
09/14/22$0.1800
06/14/22$0.1800
03/14/22$0.1800
2021
$0.700012/14/21$0.1750
09/14/21$0.1750
06/14/21$0.1750
03/16/21$0.1750
2020
$0.680012/15/20$0.1700
09/15/20$0.1700
06/15/20$0.1700
03/16/20$0.1700
2019
$0.660012/13/19$0.1650
09/13/19$0.1650
06/13/19$0.1650
03/14/19$0.1650
2018
$0.640012/13/18$0.1600
09/13/18$0.1600
06/14/18$0.1600
03/15/18$0.1600
2017
$0.620012/14/17$0.1550
09/14/17$0.1550
06/14/17$0.1550
03/15/17$0.1550
2016
$0.592012/14/16$0.1480
09/14/16$0.1480
06/14/16$0.1480
03/15/16$0.1480
2015
$0.564012/14/15$0.1410
09/14/15$0.1410
06/12/15$0.1410
03/12/15$0.1410
2014
$0.536012/11/14$0.1340
09/11/14$0.1340
06/11/14$0.1340
03/12/14$0.1340
2013
$0.510012/12/13$0.1275
09/12/13$0.1275
06/12/13$0.1275
03/13/13$0.1275
2012
$0.490012/13/12$0.1225
09/12/12$0.1225
06/13/12$0.1225
03/14/12$0.1225
2011
$0.432412/15/11$0.1081
09/14/11$0.1081
06/15/11$0.1081
03/15/11$0.1081
2010
$0.414012/15/10$0.1035
09/14/10$0.1035
06/14/10$0.1035
03/15/10$0.1035
2009
$0.395612/15/09$0.0989
09/14/09$0.0989
06/12/09$0.0989
03/12/09$0.0989
2008
$0.377212/15/08$0.0943
09/11/08$0.0943
06/12/08$0.0943
03/19/08$0.0943
2007
$0.358812/12/07$0.0897
09/12/07$0.0897
06/13/07$0.0897
03/15/07$0.0897
2006
$0.340412/13/06$0.0851
09/13/06$0.0851
06/14/06$0.0851
03/15/06$0.0851
2005
$0.322012/14/05$0.0805
09/14/05$0.0805
06/14/05$0.0805
03/14/05$0.0805
2004
$0.303612/14/04$0.0759
09/14/04$0.0759
06/14/04$0.0759
03/15/04$0.0759
2003
$0.285212/11/03$0.0713
09/12/03$0.0713
06/12/03$0.0713
03/13/03$0.0713
2002
$0.266812/12/02$0.0667
09/12/02$0.0667
06/12/02$0.0667
03/13/02$0.0667
2001
$0.248412/12/01$0.0621
09/12/01$0.0621
06/13/01$0.0621
03/13/01$0.0621
2000
$0.230012/13/00$0.0575
09/13/00$0.0575
06/13/00$0.0575
03/13/00$0.0575
TDS Stock Splits
2 stock splits
01/25/121:1.087 split
05/16/050.5:1 split
TDS SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/07/25 | 09/30/25 | 10-Q | |
08/11/25 | 06/30/25 | 10-Q | |
05/02/25 | 03/31/25 | 10-Q | |
02/21/25 | 12/31/24 | Unknown | |
11/01/24 | 09/30/24 | 10-Q | |
08/02/24 | 06/30/24 | 10-Q | |
08/05/24 | 06/30/24 | 10-Q/A | |
05/03/24 | 03/31/24 | 10-Q | |
02/16/24 | 12/31/23 | 10-K | |
11/03/23 | 09/30/23 | 10-Q | |
08/04/23 | 06/30/23 | 10-Q | |
08/05/24 | 06/30/23 | 10-Q/A | |
05/04/23 | 03/31/23 | 10-Q | |
02/16/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
02/17/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/06/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/18/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
04/30/20 | 03/31/20 | 10-Q | |
02/25/20 | 12/31/19 | 10-K | |
10/31/19 | 09/30/19 | 10-Q | |
08/01/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/22/19 | 12/31/18 | 10-K | |
11/02/18 | 09/30/18 | 10-Q | |
08/03/18 | 06/30/18 | 10-Q | |
05/04/18 | 03/31/18 | 10-Q | |
02/26/18 | 12/31/17 | 10-K | |
11/08/17 | 09/30/17 | 10-Q | |
08/04/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
02/24/17 | 12/31/16 | 10-K | |
11/04/16 | 09/30/16 | 10-Q | |
08/05/16 | 06/30/16 | 10-Q | |
05/06/16 | 03/31/16 | 10-Q | |
02/24/16 | 12/31/15 | 10-K | |
10/30/15 | 09/30/15 | 10-Q | |
07/31/15 | 06/30/15 | 10-Q | |
05/01/15 | 03/31/15 | 10-Q | |
02/25/15 | 12/31/14 | 10-K | |
10/31/14 | 09/30/14 | 10-Q | |
08/01/14 | 06/30/14 | 10-Q | |
05/02/14 | 03/31/14 | 10-Q | |
02/28/14 | 12/31/13 | 10-K | |
11/01/13 | 09/30/13 | 10-Q | |
08/02/13 | 06/30/13 | 10-Q | |
05/03/13 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/03/12 | 06/30/12 | 10-Q | |
05/04/12 | 03/31/12 | 10-Q | |
02/27/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/08/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
02/25/11 | 12/31/10 | 10-K | |
11/04/10 | 09/30/10 | 10-Q | |
08/05/10 | 06/30/10 | 10-Q | |
05/10/10 | 03/31/10 | 10-Q | |
02/25/10 | 12/31/09 | 10-K | |
11/05/09 | 09/30/09 | 10-Q | |
08/06/09 | 06/30/09 | 10-Q | |
05/06/09 | 03/31/09 | 10-Q | |
02/26/09 | 12/31/08 | 10-K | |
11/05/08 | 09/30/08 | 10-Q | |
08/07/08 | 06/30/08 | 10-Q | |
05/07/08 | 03/30/08 | Unknown | -- |
02/29/08 | 12/31/07 | 5 | |
11/06/07 | 09/30/07 | 10-Q | |
08/07/07 | 06/30/07 | 10-Q | |
06/19/07 | 03/30/07 | Unknown | -- |
06/19/07 | 12/31/06 | 5 | |
02/23/07 | 09/30/06 | NT 10-Q | |
10/10/06 | 06/30/06 | NT 10-Q | |
08/25/06 | 03/30/06 | Unknown | -- |
07/28/06 | 12/31/05 | 8-K | |
04/26/06 | 09/30/05 | 4 | |
08/01/05 | 06/30/05 | 4 | |
05/04/05 | 03/30/05 | Unknown | -- |
03/11/05 | 12/31/04 | 4 | |
11/09/04 | 09/30/04 | 4 | |
08/05/04 | 06/30/04 | 4 | |
05/14/04 | 03/30/04 | Unknown | -- |
03/12/04 | 12/31/03 | 4 | |
11/12/03 | 09/30/03 | 4 | |
08/08/03 | 06/30/03 | 4 | |
05/14/03 | 03/30/03 | Unknown | -- |
03/20/03 | 12/31/02 | 10-K | |
11/13/02 | 09/30/02 | 10-Q | |
08/13/02 | 06/30/02 | 10-Q | |
05/14/02 | 03/30/02 | Unknown | -- |
03/27/02 | 12/31/01 | 10-K405 | |
11/13/01 | 09/30/01 | 10-Q | |
08/10/01 | 06/30/01 | 10-Q | |
05/11/01 | 03/30/01 | Unknown | -- |
03/28/01 | 12/31/00 | 10-K | |
11/13/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/30/00 | Unknown | -- |