Telephone & Data Systems (TDS) Invested Capital (2009 - 2026)
Telephone & Data Systems' Invested Capital came in at $6.08 billion for Q2 2026, down 38.5% from $9.88 billion a year earlier but up 2.3% from the prior quarter.
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Analysis
Telephone & Data Systems (TDS) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Telephone & Data Systems' Invested Capital was $6.1 billion, down 26.7% from FY2024.
- Invested Capital has declined in each of the last three years, with a five-year compound annual growth rate of -7.5% (FY2020 to FY2025).
- Going back by year, Invested Capital was $8.31 billion in FY2024 (-17.7%), $10.1 billion in FY2023 (-2.4%), $10.35 billion in FY2022 (+7.1%) and $9.67 billion in FY2021 (+7.2%).
- The five-year range for quarterly Invested Capital is $5.94 billion (Q1 2026) to $10.64 billion (Q1 2023).
- Year-over-year, Invested Capital has declined for 11 consecutive quarters, with an average decline of 21.3% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q3 2021 (growth of 13.6%), and the weakest in Q1 2026 (a decline of 40.1%).
- Business Quant data shows TDS's Invested Capital at $5.94 billion (Q1 2026), $6.1 billion (Q4 2025) and $6.11 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 187.75 Bn | 152.16 Bn | 27.03 Bn | 270.43 Bn |
| 2 | T-Mobile US | 170.67 Bn | 155.42 Bn | 14.76 Bn | 140.89 Bn |
| 3 | At&T | 153.32 Bn | 110.77 Bn | 26.22 Bn | 282.38 Bn |
| 4 | Grupo Televisa, S.A.B | 148.71 Bn | 141.01 Bn | 318.12 Mn | 11.09 Bn |
| 5 | Comcast | 80.85 Bn | 46.81 Bn | - | 179.93 Bn |
| 6 | Vodafone Group Public | 39.22 Bn | 12.89 Bn | - | 118.35 Bn |
| 7 | Chunghwa Telecom | 37.80 Bn | 30.30 Bn | 728.80 Mn | 11.65 Bn |
| 8 | EchoStar | 24.89 Bn | 16.03 Bn | 1.65 Bn | 31.63 Bn |
| 9 | Telefonica Brasil | 20.92 Bn | 14.94 Bn | 1.42 Bn | - |
| 10 | Telephone & Data Systems | 4.00 Bn | -1.03 Bn | 179.96 Mn | 6.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.08 Bn |
| Mar 31, 2026 | 5.94 Bn |
| Dec 31, 2025 | 6.10 Bn |
| Sep 30, 2025 | 6.11 Bn |
| Jun 30, 2025 | 9.88 Bn |
| Mar 31, 2025 | 9.93 Bn |
| Dec 31, 2024 | 8.31 Bn |
| Sep 30, 2024 | 10.00 Bn |
| Jun 30, 2024 | 10.11 Bn |
| Mar 31, 2024 | 10.19 Bn |
| Dec 31, 2023 | 10.10 Bn |
| Sep 30, 2023 | 10.38 Bn |
| Jun 30, 2023 | 10.47 Bn |
| Mar 31, 2023 | 10.64 Bn |
| Dec 31, 2022 | 10.35 Bn |
| Sep 30, 2022 | 10.31 Bn |
| Jun 30, 2022 | 10.22 Bn |
| Mar 31, 2022 | 10.34 Bn |
| Dec 31, 2021 | 9.67 Bn |
| Sep 30, 2021 | 9.73 Bn |
API Access
Telephone & Data Systems Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=TDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "TDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=TDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();