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Telephone and Data Systems, Inc. logo

Telephone and Data Systems, Inc.

TDS-PV

NYSECommunication ServicesTelecommunications Services

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Previous close

$19.10

+$0.09 · +0.47%

Aug 21, 4:00 PM ET

TDS-PV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

79

Undervalued

Momentum

34

Weakening

Sentiment

50

Mixed

Risk resilience

78

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Telephone and Data Systems, Inc., a telecommunications company, provides communications services to residential, commercial, and wholesale customers in the United States. It operates through two segments: TDS Telecom and Array. The company offers internet connections and all-home Wi-Fi services, fiber internet, security, and support services; advanced home TV entertainment combined with a digital video recording (DVR) services; TDS TV+, an integrated cloud TV platform that combines linear and on-demand programming, mobile device interfaces, personalized recommendations, and network-based DVR; digital television; local and long-distance telephone service, voice over internet protocol, and enhanced services; wireless services to customers; broadband, IP-based services, and hosted voice and video collaboration services to small- and medium-sized businesses; carrying data and voice traffic services; wholesale services; and communication services in underserved areas. The company is also leases tower spaces to tenants; provides ancillary services. The company sells and distributes its products through third-party direct sales, retail stores, sales agents, and an online platform to sell services and products. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
US
CEO
Walter C. D. Carlson
Listed since
Aug 11, 2021
Employees
4,000

Market position

Day range

Current $19.10

52-week range

Current $19.10

Open
$19.05
Previous close
$19.01
Volume
22.39K
0.55× average
Average volume
40.52K
Average daily volume
Market cap
4.24B USD
Beta
0.31
Market reference 1
50-day average
$18.9242
+0.93% above average
200-day average
$19.4001
-1.55% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.91B USD
P/E (TTM)
7.91×
P/B (TTM)
0.74×
P/S (TTM)
2.84×
EV / EBITDA
10.68×
Earnings yield
-0.13%
Free cash flow yield
4.13%
Dividend yield
30.98%

Profitability & efficiency

Gross margin
28.68%
Operating margin
24.62%
Net margin
33.27%
Return on equity
-0.13%
Return on assets
-0.07%
Return on invested capital
-0.78%

Financial health

Debt / equity
0.24×
Current ratio
2.1×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%37%10%-16%Gross margin, FY2021: 53.61%Gross margin, FY2022: 52.61%Gross margin, FY2023: 54.77%Gross margin, FY2024: 56.99%Gross margin, FY2025: -5.05%Operating margin, FY2021: 4.90%Operating margin, FY2022: 2.25%Operating margin, FY2023: -8.02%Operating margin, FY2024: 1.27%Operating margin, FY2025: -5.05%Net margin, FY2021: 2.93%Net margin, FY2022: 1.15%Net margin, FY2023: -9.69%Net margin, FY2024: -0.56%Net margin, FY2025: -0.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.61%. Gross margin FY2022 52.61%. Gross margin FY2023 54.77%. Gross margin FY2024 56.99%. Gross margin FY2025 -5.05%. Operating margin FY2021 4.90%. Operating margin FY2022 2.25%. Operating margin FY2023 -8.02%. Operating margin FY2024 1.27%. Operating margin FY2025 -5.05%. Net margin FY2021 2.93%. Net margin FY2022 1.15%. Net margin FY2023 -9.69%. Net margin FY2024 -0.56%. Net margin FY2025 -0.51%.

Income trends

Revenue

1.23B USD-75.26%

Operating income

−62M USD−125M USD

Net income

−6.24M USD+77.73%
Income trends across reported periods6B USD3.64B USD1.27B USD−1.09B USDRevenue, FY2021: 5.33B USDRevenue, FY2022: 5.41B USDRevenue, FY2023: 5.16B USDRevenue, FY2024: 4.96B USDRevenue, FY2025: 1.23B USDOperating income, FY2021: 261M USDOperating income, FY2022: 122M USDOperating income, FY2023: −414M USDOperating income, FY2024: 63M USDOperating income, FY2025: −62M USDNet income, FY2021: 156M USDNet income, FY2022: 62M USDNet income, FY2023: −500M USDNet income, FY2024: −28M USDNet income, FY2025: −6.24M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.33B USD. Revenue FY2022 5.41B USD. Revenue FY2023 5.16B USD. Revenue FY2024 4.96B USD. Revenue FY2025 1.23B USD. Operating income FY2021 261M USD. Operating income FY2022 122M USD. Operating income FY2023 −414M USD. Operating income FY2024 63M USD. Operating income FY2025 −62M USD. Net income FY2021 156M USD. Net income FY2022 62M USD. Net income FY2023 −500M USD. Net income FY2024 −28M USD. Net income FY2025 −6.24M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.23B USD4.96B USD5.16B USD5.41B USD5.33B USD
Cost of goods sold1.29B USD2.14B USD2.33B USD2.57B USD2.47B USD
Gross profit−62M USD2.83B USD2.83B USD2.85B USD2.86B USD
Selling, general, and administrative—1.72B USD1.75B USD1.77B USD1.68B USD
Operating expenses—2.77B USD3.24B USD2.73B USD2.6B USD
Interest income40.31M USD27M USD20M USD17M USD11M USD
Interest expense112.67M USD279M USD244M USD174M USD232M USD
Depreciation and amortization351.89M USD943M USD915M USD929M USD895M USD
Operating income−62M USD63M USD−414M USD122M USD261M USD
Net income−6.24M USD−28M USD−500M USD62M USD156M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-251.54%
11 comparable reports
Latest EPS result
2.42
Estimate 0.09 · Beat by 2693.81%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.681.420.16-1.1Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 21, 2025: actual -0.1, estimate -0.338, surprise +70.37%, Beat. Q2 2025, reported May 2, 2025: actual -0.09, estimate -0.006, surprise -1467.94%, Miss. Q3 2025, reported Aug 11, 2025: actual -0.05, estimate 0.033, surprise -250.56%, Miss. Q4 2025, reported Nov 7, 2025: actual -0.84, estimate -0.119, surprise -606.83%, Miss. Q1 2026, reported Feb 20, 2026: actual 0.33, estimate 0.082, surprise +304.36%, Beat. Q2 2026, reported May 8, 2026: actual 1.09, estimate -0.436, surprise +349.95%, Beat. Q3 2026, reported Aug 7, 2026: actual 2.42, estimate 0.087, surprise +2693.81%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.115, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.31B963.76M613M262.24MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 21, 2025: actual 1.24B USD, estimate 1.23B USD, surprise +0.99%, Beat. Q2 2025, reported May 2, 2025: actual 1.15B USD, estimate 1.19B USD, surprise -3.27%, Miss. Q3 2025, reported Aug 11, 2025: actual 1.19B USD, estimate 1.18B USD, surprise +0.10%, Beat. Q4 2025, reported Nov 7, 2025: actual 308.52M USD, estimate 309.66M USD, surprise -0.37%, Miss. Q1 2026, reported Feb 20, 2026: actual 330.71M USD, estimate 322.03M USD, surprise +2.70%, Beat. Q2 2026, reported May 8, 2026: actual 309.45M USD, estimate 313.28M USD, surprise -1.22%, Miss. Q3 2026, reported Aug 7, 2026: actual 309.28M USD, estimate 315.78M USD, surprise -2.06%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 309.14M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

5 ratings
Strong buy00%
Buy360%
Hold240%
Sell00%
Strong sell00%

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ETFs holding TDS-PV

Funds reporting this stock among their holdings, ordered by reported position size.

Virtus InfraCap U.S. Preferred Stock ETF logoVirtus InfraCap U.S. Preferred Stock ETFPFFA
Market value
58.44M
Weight
2.34%
AUM
2.5B USD
Expense ratio
2.11%
Price / 1D
$20.890.00%
iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
32.43M
Weight
0.25%
AUM
13.06B USD
Expense ratio
0.45%
Price / 1D
$30.46+0.03%
Invesco Preferred ETF logoInvesco Preferred ETFPGX
Market value
19.02M
Weight
0.51%
AUM
3.76B USD
Expense ratio
0.50%
Price / 1D
$10.60-0.28%
VanEck Preferred Securities ex Financials ETF logoVanEck Preferred Securities ex Financials ETFPFXF
Market value
12.96M
Weight
0.54%
AUM
2.4B USD
Expense ratio
0.40%
Price / 1D
$17.97+0.45%
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF logoGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFGPRF
Market value
206.26K
Weight
0.14%
AUM
145.77M USD
Expense ratio
0.45%
Price / 1D
$49.345+0.03%
Fidelity Preferred Securities & Income ETF logoFidelity Preferred Securities & Income ETFFPFD
Market value
66.47K
Weight
0.08%
AUM
80.75M USD
Expense ratio
0.59%
Price / 1D
$21.22-0.26%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
45.71K
Weight
0.04%
AUM
125.77M USD
Expense ratio
0.50%
Price / 1D
$22.29+0.22%
VIRTUS INFRACAP PREFERRED AND INCOME SECURITIES ETF logoVIRTUS INFRACAP PREFERRED AND INCOME SECURITIES ETFVPFF
Market value
18.06K
Weight
1.44%
AUM
1.25M USD
Expense ratio
0.80%
Price / 1D
$25.1112+0.50%

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