TDS (TDS)
Builds fiber broadband networks and leases wireless tower space across the United States.
Something off on this page? Send us feedback.
Provides residential and business broadband, video, voice and mobile service through TDS Telecom, while controlled subsidiary Array earns tower rent and site-service revenue. Recurring subscriptions and leases anchor the portfolio, with fiber construction and concentrated wireless tenants shaping execution.
Operates TDS Telecom and Array Digital Infrastructure across the United States. TDS Telecom sells residential broadband, video, voice and mobile service; business broadband, hosted voice and collaboration tools; and wholesale network access. Fiber construction extends its reach across small to midsize urban, suburban and rural communities alongside existing cable and copper networks. Suttle-Straus provides print and marketing services.
Array leases wireless tower space and provides site services. The controlled subsidiary also holds noncontrolling wireless investments and residual spectrum after selling virtually all holdings outside the C-band. Revenue depends on subscriptions and tower leases; fiber expansion requires sustained construction, Array relies on a small group of wireless tenants, and both businesses operate under federal, state and local communications and land-use rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 11, 2026 | Raymond James | Downgrade | ||
| Nov 7, 2024 | Raymond James | Upgrade | Target: — | Target: $51 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.19B · Total debt $1.25B · Total assets $8.38B · Shareholders' equity $5.17B
- Revenue
- $309.3M
- Operating income
- $373.2M
- Net income
- $298.4M
HistoryDividendAnnual yield
| Institutions | 99.81% | 107.79M shares | |
|---|---|---|---|
| 358 holders · as of Jun 30, 2026 | |||
| Insiders | 10.85% | 11.71M shares | |
| 16 holders · as of Sep 17, 2026 | |||
| Strategic holders | 19.19% | 20.73M shares | |
| 2 holders · as of Sep 2, 2026 | |||
| Adds to | 129.85% | ||
108.00M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 129.85%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.60% | 15.77M | as of Jun 30, 2026 |
The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under AgreemeStrategic | 12.52% | 13.52M | filed Sep 2, 2026 |
Leroy T. Jr CarlsonInsiderdirector, officer: Vice Chair | 7.48% | 4.11M · 3.98M | filed Sep 17, 2026 |
Voting Trust1Strategic10 percent owner | 6.67% | 7.21M | filed Jan 17, 2025 |
Dimensional Fund Advisors LPInstitution | 5.87% | 6.34M | as of Jun 30, 2026 |
- Voting Trust reports a block also reported by Dimensional Fund Advisors LP; it is counted once, under Dimensional Fund Advisors LP.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Leroy T. Jr Carlson | director, officer: Vice Chair | −77,100 | $38.45 |
| Mar 23, 2026 | Prudence E. Carlson | director | −5,811 | $42.00 |
| Nov 11, 2025 | Anita J. Kroll | officer: VP, Controller & CAO | −870 | $39.16 |
| Nov 10, 2025 | Anita J. Kroll | officer: VP, Controller & CAO | −16,217 | $39.02 |
- Charter Communications
Cable broadband scale against TDS Telecom fiber
- AT&T
Fiber and fixed wireless challenge TDS Telecom
- American Tower
Largest tower platform competing with Array
- Comcast
Xfinity and Comcast Business contest broadband and voice
- Crown Castle
U.S. tower pure-play rival for Array
- Verizon
Fios, Frontier fiber, and fixed wireless pressure broadband
- SBA Communications
Tower leasing rival with U.S. and international scale
- Cable One
Small-market broadband peer through Sparklight
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TDS | $36.89 | +0.44% | $3.90B | 8.8 | 108.0 | 3.1 | −73.9% |
| Charter Communications | $119.37 | −3.23% | $16.62B | 3.2 | 2.8 | 0.3 | −1.7% |
| AT&T | $25.15 | −1.18% | $174.53B | 8.5 | 10.5 | 1.4 | +2.3% |
| American Tower | $176.61 | +1.15% | $81.36B | 24.0 | 26.1 | 7.4 | +4.7% |
| Comcast | $22.64 | −1.29% | $81.37B | 7.4 | 6.5 | 0.7 | −1.2% |
| Crown Castle | $73.02 | −0.28% | $32.00B | 29.8 | 27.4 | 7.7 | −4.9% |
| Verizon | $46.98 | −1.48% | $199.09B | 12.4 | 9.2 | 1.4 | −0.7% |
| SBA Communications | $177.83 | +0.88% | $18.70B | 19.0 | 22.3 | 6.5 | +2.3% |
| Cable One | $17.62 | −2.19% | $102.2M | — | 1.0 | 0.1 | −8.4% |
| Median | 12.4 | 9.8 | 1.4 | −1.0% |