TDS (TDS) revenue breakdown

· Market cap $3.8B

By segment, T D S Telecom Segment is the largest at 86% of fiscal 2025 revenue, growing 2% a year over 6 years.

By product, Service is the largest at 85% of fiscal 2025 revenue; Site Rental grew fastest, 24% a year over 2 years.

Revenue by segment

Fiscal years, as TDS reports them in its 10-K filings; fiscal 2025 total $1.2B.

Segments2016201720182019202020212022202320242025Share
T D S Telecom Segment———$927M$973M$1.0B$1.0B$1.0B$1.1B$1.0B 86%
Array—————————$163M 14%
Corporate, Eliminations and Other$283M$235M$191M$201M$187M$178M$201M$203M$119M— —
Array———————$87,000$323,000— —
UScellular$4.0B$3.9B$3.9B$3.9B$4.0B$4.0B$4.1B——— —
TDS Telecom Wireline$698M$714M$698M——————— —
TDS Telecom Cable$185M$206M$230M——————— —

Revenue by product

Fiscal years, as TDS reports them in its 10-K filings; fiscal 2025 total $1.2B.

Products2016201720182019202020212022202320242025Share
Service$4.0B$4.0B$4.0B$4.1B$4.1B$4.2B$4.2B$1.1B$1.1B$1.0B 85%
Site Rental———————$100M$103M$155M 13%
Equipment and product sales$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.2B$130M$71M$30M 2%
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Questions

Where does TDS make its money?

In fiscal 2025, by segment: T D S Telecom Segment $1.0B, Array $163M.

From TDS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.