🚀 VC round data is live in beta, check it out!
TDS Valuation Multiples
Discover revenue and EBITDA valuation multiples for TDS and similar public comparables like Orange Polska, Axiata Group, LG U+, Türk Telekom and more.
TDS Overview
About TDS
Telephone and Data Systems Inc is a diversified telecommunications operator that provides communications services to customers through broadband, video, voice, and wireless connections. The company has two reportable segments: TDS Telecom and Array. The majority of its revenue is generated from the TDS Telecom segment, which generates revenue by providing broadband, video, voice, and wireless services. The Array segment generates its revenue mainly by leasing tower space on Array-owned towers to customers.
Founded
1968
HQ
Employees
4.0K
Website
Sectors
Financials (LTM)
EV
$7B
TDS Financials
TDS reported last 12-month revenue of $1B and EBITDA of $829M.
In the same LTM period, TDS generated $258M in gross profit, $829M in EBITDA, and had net loss of ($65M).
Revenue (LTM)
TDS P&L
In the most recent fiscal year, TDS reported revenue of $1B and EBITDA of $955M.
TDS expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $258M | XXX | $725M | XXX | XXX | XXX |
| Gross Margin | 21% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $829M | XXX | $955M | XXX | XXX | XXX |
| EBITDA Margin | 67% | XXX | 78% | XXX | XXX | XXX |
| EBIT Margin | 1% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | ($65M) | XXX | ($6M) | XXX | XXX | XXX |
| Net Margin | (5%) | XXX | (1%) | XXX | XXX | XXX |
| Net Debt | — | — | $63M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TDS Stock Performance
TDS has current market cap of $5B, and enterprise value of $7B.
Market Cap Evolution
TDS's stock price is $45.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $5B | 0.0% | XXX | XXX | XXX | $-0.05 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialTDS Valuation Multiples
TDS trades at 5.6x EV/Revenue multiple, and 8.4x EV/EBITDA.
EV / Revenue (LTM)
TDS Financial Valuation Multiples
As of April 19, 2026, TDS has market cap of $5B and EV of $7B.
Equity research analysts estimate TDS's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TDS has a P/E ratio of (80.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | 5.6x | XXX | XXX | XXX |
| EV/EBITDA | 8.4x | XXX | 7.3x | XXX | XXX | XXX |
| EV/EBIT | 509.6x | XXX | 298.3x | XXX | XXX | XXX |
| EV/Gross Profit | 26.8x | XXX | 9.6x | XXX | XXX | XXX |
| P/E | (80.3x) | XXX | (836.5x) | XXX | XXX | XXX |
| EV/FCF | 120.2x | XXX | 35.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TDS Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
TDS Margins & Growth Rates
TDS's revenue in the last 12 month grew by 2%.
TDS's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
TDS's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TDS's rule of X is 48% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
TDS Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 67% | XXX | 78% | XXX | XXX | XXX |
| EBITDA Growth | (35%) | XXX | (44%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 64% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TDS Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TDS | XXX | XXX | XXX | XXX | XXX | XXX |
| Orange Polska | XXX | XXX | XXX | XXX | XXX | XXX |
| Axiata Group | XXX | XXX | XXX | XXX | XXX | XXX |
| LG U+ | XXX | XXX | XXX | XXX | XXX | XXX |
| Türk Telekom | XXX | XXX | XXX | XXX | XXX | XXX |
| 1&1 | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TDS M&A Activity
TDS acquired XXX companies to date.
Last acquisition by TDS was on XXXXXXXX, XXXXX. TDS acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TDS
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialTDS Investment Activity
TDS invested in XXX companies to date.
TDS made its latest investment on XXXXXXXX, XXXXX. TDS invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TDS
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout TDS
| When was TDS founded? | TDS was founded in 1968. |
| Where is TDS headquartered? | TDS is headquartered in United States. |
| How many employees does TDS have? | As of today, TDS has over 4K employees. |
| Who is the CEO of TDS? | TDS's CEO is Walter C. D. Carlson. |
| Is TDS publicly listed? | Yes, TDS is a public company listed on NYSE. |
| What is the stock symbol of TDS? | TDS trades under TDS ticker. |
| When did TDS go public? | TDS went public in 1981. |
| Who are competitors of TDS? | TDS main competitors are Orange Polska, Axiata Group, LG U+, Türk Telekom. |
| What is the current market cap of TDS? | TDS's current market cap is $5B. |
| What is the current revenue of TDS? | TDS's last 12 months revenue is $1B. |
| What is the current revenue growth of TDS? | TDS revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of TDS? | Current revenue multiple of TDS is 5.6x. |
| Is TDS profitable? | Yes, TDS is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TDS? | TDS's last 12 months EBITDA is $829M. |
| What is TDS's EBITDA margin? | TDS's last 12 months EBITDA margin is 67%. |
| What is the current EV/EBITDA multiple of TDS? | Current EBITDA multiple of TDS is 8.4x. |
| What is the current FCF of TDS? | TDS's last 12 months FCF is $58M. |
| What is TDS's FCF margin? | TDS's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of TDS? | Current FCF multiple of TDS is 120.2x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.