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FCF Margin for Telephone and Data Systems (TDS)

As of · Reported

Metric

TTM

2.7%

YoY change

+11.04pp

Trough year (1997)

-48.2%

Peak year (2025)

15.9%

FCF Margin history chart for Telephone and Data Systems (TDS) from 1989 to 2025

Latest: 15.9%

FCF Margin change chart for Telephone and Data Systems (TDS) from 1989 to 2025

Latest: +11.04pp

FCF Margin history table for Telephone and Data Systems (TDS) from 1989 to 2025

  • 202515.9%+11.04pp
  • 20244.9%+8.71pp
  • 2023-3.9%+7.60pp
  • 2022-11.5%-10.55pp
  • 2021-0.9%-4.04pp
  • 20203.1%+2.00pp
  • 20191.1%-3.58pp
  • 20184.7%+2.91pp
  • 20171.8%-1.06pp
  • 20162.9%+3.07pp
  • 2015-0.2%+7.87pp
  • 2014-8.1%-0.14pp
  • 2013-7.9%-9.99pp
  • 20122.1%-3.43pp
  • 20115.5%-1.88pp
  • 20107.4%-0.65pp
  • 20098.0%+13.41pp
  • 2008-5.4%-10.41pp
  • 20075.0%+1.23pp
  • 20063.8%-0.26pp
  • 20054.0%+5.40pp
  • 2004-1.4%-5.53pp
  • 20034.2%+7.69pp
  • 2002-3.5%+2.43pp
  • 2001-6.0%-18.55pp
  • 200012.6%+2.77pp
  • 19999.8%+27.53pp
  • 1998-17.7%+30.45pp
  • 1997-48.2%-27.16pp
  • 1996-21.0%-7.96pp
  • 1995-13.1%+0.18pp
  • 1994-13.2%-6.71pp
  • 1993-6.5%+0.76pp
  • 1992-7.3%+13.62pp
  • 1991-20.9%-5.93pp
  • 1990-15.0%+16.65pp
  • 1989-31.6%—

FCF Margin values are taken from Telephone and Data Systems's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Telephone and Data Systems (TDS)

According to Telephone and Data Systems's latest reported financial statements, the company's latest reported free cash flow margin is 2.7%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Telephone and Data Systems (TDS) most recent annual free cash flow margin stands at 15.89% (2025) – expanded 11.0 percentage points year-over-year.

The record annual free cash flow margin stands at 15.89%, reached in 2025; the historical low of -48.17% was recorded in 1997.

Telephone and Data Systems FCF Margin by Year

Telephone and Data Systems FCF Margin 2025: 15.9%

Telephone and Data Systems posted free cash flow margin of 15.89% in 2025, expanded 11.0 percentage points from 2024. This figure represents the highest annual value in the available history.

Telephone and Data Systems FCF Margin 2024: 4.9%

In 2024, Telephone and Data Systems reported free cash flow margin of 4.85%, expanded 8.7 percentage points from 2023.

Telephone and Data Systems FCF Margin 2023: -3.9%

Telephone and Data Systems free cash flow margin in 2023 was -3.86%, expanded 7.6 percentage points from 2022.

Telephone and Data Systems FCF Margin 2022: -11.5%

2022's free cash flow margin for Telephone and Data Systems came in at -11.45%, contracted 10.6 percentage points from 2021.

Telephone and Data Systems FCF Margin 2021: -0.9%

Telephone and Data Systems free cash flow margin in 2021 was -0.90%.

See more financial history for Telephone and Data Systems (TDS).

Sector peers by FCF Margin

Communication Services peers of Telephone and Data Systems (TDS), ranked by their latest free cash flow margin

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Telephone and Data Systems (TDS) Key Financials

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