TDS Telephone and Data Systems, Inc. Common Shares
NYSE · Telecommunication · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 7, 2026
$35.39
· of 52w range
· above low
· to high
$31.5152w low
$49.1252w high
Market Cap (MRQ)
$4.07B
P/E (TTM)
11.8
EPS (TTM)
$3.00
Revenue (TTM)
$-493M
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52W Range
$32–$49
Analyst Rating
BUY
Price Target
$48
P/E
11.8
ROE
8.2%
Net Profit Margin
-84.7%
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TDS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$35.39
Market Cap (MRQ)
$4.07B
P/E (TTM)
11.8
EPS (TTM)
$3.00
Revenue (TTM)
$-493M
ROE (TTM)
8.2%
52W Range
$32–$49
TDS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Jan. 25, 2012 | 1087-for-1000 | Forward |
| May 16, 2005 | 80-for-41 | Forward |
| Dec. 19, 1988 | 3-for-2 | Forward |
| March 18, 1988 | 3-for-2 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$1.23B2023-12-31 → 2025-12-31
EPS$-0.652023-12-31 → 2025-12-31
Free Cash Flow$199M2023-12-31 → 2025-12-31
Net margin-84.7%2023-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | TDS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 11.8 | · | 29.1 | Undervalued | |
| P/S (TTM) | -8.3 | · | · | · | |
| P/B (MRQ) | 0.8 | · | 1.7 | Undervalued | |
| Price / FCF (TTM) | -12.9 | · | · | · | |
| Price / Cash Flow (TTM) | 38.5 | · | 8.6 | Fair value | |
| Price / Tangible Book (MRQ) | 0.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | TDS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -69.9% | · | 15.5% | Top tier | |
| EBITDA Margin (TTM) | -71.5% | · | 20.9% | Top tier | |
| Pretax Margin (TTM) | -148.0% | · | 16.1% | Top tier | |
| Net Profit Margin (TTM) | -84.7% | · | 11.8% | Top tier | |
| ROA (TTM) | 3.8% | · | 0.64% | Weak | |
| ROE (TTM) | 8.2% | · | 10.7% | Weak | |
| ROIC | -3.5% | · | -3.5% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | TDS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 3.8 | · | 1.1 | Strong liquidity | |
| Quick Ratio | 1.9 | · | 0.8 | Strong liquidity | |
| Interest Coverage | -0.9 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | TDS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -5.3% | · | · | · | |
| Revenue CAGR 3Y | -39.0% | · | · | · | |
| Revenue CAGR 5Y | -25.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | TDS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | 0.7 | Weak | |
| Receivables Turnover | 19.5 | · | 8.1 | Top tier | |
| Revenue / Employee | ≈$307.1K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$0.16
5Y Div CAGR≈-25.1%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.04 | USD | ≈0.42% |
| Jun 16, 2026 | $0.04 | USD | ≈0.41% |
| Mar 16, 2026 | $0.04 | USD | ≈0.37% |
| Dec 15, 2025 | $0.04 | USD | ≈0.42% |
| Sep 15, 2025 | $0.04 | USD | ≈0.41% |
| Jun 16, 2025 | $0.04 | USD | ≈0.47% |
| Mar 17, 2025 | $0.04 | USD | ≈0.45% |
| Dec 16, 2024 | $0.04 | USD | ≈0.90% |
| Sep 16, 2024 | $0.04 | USD | ≈1.9% |
| Jun 14, 2024 | $0.04 | USD | ≈3.1% |
| Mar 14, 2024 | $0.19 | USD | ≈4.8% |
| Dec 14, 2023 | $0.19 | USD | ≈4.1% |
| Sep 14, 2023 | $0.19 | USD | ≈4.1% |
| Jun 14, 2023 | $0.19 | USD | ≈10.0% |
| Mar 14, 2023 | $0.19 | USD | ≈7.0% |
| Dec 14, 2022 | $0.18 | USD | ≈6.9% |
| Sep 14, 2022 | $0.18 | USD | ≈4.7% |
| Jun 14, 2022 | $0.18 | USD | ≈4.7% |
| Mar 14, 2022 | $0.18 | USD | ≈3.7% |
| Dec 14, 2021 | $0.18 | USD | ≈3.5% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
462.7%
Next Report
Nov 05, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 10, 2026 | $2.42 | $0.08 | 2787.8% |
| March 31, 2026 | $1.09 | $-0.44 | 347.5% | |
| Dec. 31, 2025 | $0.33 | $0.08 | 298.6% | |
| Sept. 30, 2025 | $0.07 | $-0.09 | 176.4% | |
| June 30, 2025 | $-0.05 | $0.01 | -550.5% | |
| March 31, 2025 | $-0.09 | $0.05 | -283.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.30B | $1.36B | $5.41B | $5.33B | $5.22B | $5.18B | $5.11B | $5.04B | $5.16B | $5.21B | $5.01B | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $1.20B | $1.24B | $1.22B | $1.35B | |
| SG&A Expense | $435M | $487M | $489M | $1.77B | $1.68B | $1.68B | $1.72B | $1.69B | $1.69B | $1.76B | $1.78B | $1.86B | |
| Operating Expenses | $1.33B | $1.49B | $2.04B | $5.29B | $5.07B | $4.97B | $5.00B | $4.90B | $5.15B | $5.05B | $4.78B | $5.20B | |
| Operating Income | $-97M | $-191M | $-683M | $122M | $261M | $259M | $179M | $205M | $-108M | $108M | $431M | $-190M | |
| Interest Expense | $113M | $109M | $62M | $174M | $232M | $168M | $165M | $172M | $170M | $170M | $142M | $111M | |
| Other Non-op | $14M | $6M | $2M | $1M | $-1M | $-1M | $0 | $2M | $4M | $3M | $1M | $115.0K | |
| Pretax Income | $89M | $-103M | $-563M | $125M | $221M | $288M | $211M | $221M | $-122M | $92M | $435M | $-152M | |
| Income Tax | $-62M | $-22M | $-16M | $53M | $33M | $19M | $64M | $46M | $-279M | $40M | $172M | $-5M | |
| Net Income | $-6M | $-28M | $-500M | $62M | $156M | $226M | $121M | $135M | $153M | $43M | $219M | $-136M | |
| EPS (Basic) | $-0.66 | $-0.85 | $-5.05 | $-0.07 | $1.03 | $1.97 | $1.06 | $1.20 | $1.39 | $0.39 | $2.02 | $-1.26 | |
| EPS (Diluted) | $-0.65 | $-0.85 | $-5.05 | $-0.07 | $1.00 | $1.93 | $1.03 | $1.17 | $1.37 | $0.39 | $1.98 | $-1.26 | |
| Shares (Basic) | 115,179,000 | 113,714,000 | 112,750,000 | 114,000,000 | 115,000,000 | 114,000,000 | 114,000,000 | 112,000,000 | 111,000,000 | 110,000,000 | 109,000,000 | 108,000,000 | |
| Shares (Diluted) | 118,563,000 | 113,714,000 | 112,750,000 | 114,000,000 | 116,000,000 | 115,000,000 | 116,000,000 | 114,000,000 | 112,000,000 | 111,000,000 | 110,000,000 | 108,000,000 | |
| EBITDA | $206M | $954M | $451M | $1.00B | $1.11B | $1.12B | $1.07B | $1.04B | $712M | $880M | $1.21B | $647M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $766M | $364M | $236M | $360M | $367M | $1.43B | $465M | $921M | $619M | $900M | $985M | $472M | |
| Short-term Investments | · | · | · | · | $0 | $3M | $0 | $17M | $100M | $0 | · | · | |
| Receivables | $69M | $57M | $992M | $1.07B | $1.06B | $1.00B | $1.00B | $992M | $861M | $753M | $705M | $549M | |
| Inventory | $4M | $4M | $208M | $268M | $178M | $154M | $169M | $150M | $145M | $151M | $158M | $274M | |
| Prepaid Expense | $28M | $32M | $86M | $102M | $103M | $105M | $98M | $103M | $112M | $115M | $112M | $87M | |
| Other Current Assets | $14M | $31M | $52M | $58M | $61M | $36M | $29M | $28M | $27M | $32M | $30M | $30M | |
| Current Assets | $923M | $1.70B | $1.66B | $2.03B | $2.04B | $3.03B | $1.92B | $2.33B | $1.97B | $2.06B | $2.16B | $1.77B | |
| PP&E (Net) | $2.97B | $2.88B | $5.06B | $4.76B | $4.36B | $3.97B | $3.53B | $3.35B | $3.42B | $3.56B | $3.76B | $3.85B | |
| PP&E (Gross) | $7.12B | $7.01B | $15.61B | $14.97B | $14.27B | $13.66B | $12.86B | $12.07B | $11.74B | $11.68B | $11.52B | $11.19B | |
| Accum. Depreciation | $4.16B | $4.14B | $10.55B | $10.21B | $9.90B | $9.69B | $9.34B | $8.73B | $8.32B | $8.12B | $7.76B | $7.35B | |
| Goodwill | · | · | $0 | $547M | $547M | $547M | $547M | $509M | $509M | $766M | $766M | $771M | |
| Intangibles | $132M | $161M | $183M | $204M | $197M | $213M | $239M | $253M | $279M | $33M | $47M | $64M | |
| Other Non-current Assets | $160M | $139M | $807M | $796M | $710M | $652M | $607M | $616M | $422M | $434M | $197M | $282M | |
| Total Assets | $8.40B | $13.68B | $8.14B | $14.55B | $13.49B | $12.53B | $10.78B | $9.78B | $9.29B | $9.45B | $9.42B | $8.85B | |
| Current Liabilities | $440M | $1.09B | $1.18B | $1.51B | $1.18B | $1.15B | $962M | $879M | $918M | $887M | $944M | $1.06B | |
| Capital Leases | $550M | $541M | $890M | $908M | $960M | $940M | $931M | $0 | · | · | · | · | |
| Deferred Tax | $744M | $981M | $975M | $969M | $921M | $863M | $676M | $640M | $552M | $922M | $900M | · | |
| Other Non-current Liabilities | $574M | $461M | $784M | $813M | $759M | $541M | $481M | $541M | $495M | $453M | $433M | $431M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Paid-in Capital | $2.48B | $2.57B | $2.56B | $2.55B | $2.50B | $2.48B | $2.47B | $2.43B | $2.41B | $2.39B | $2.37B | $2.34B | |
| Retained Earnings | $1.69B | $1.85B | $2.02B | $2.70B | $2.81B | $2.80B | $2.67B | $2.66B | $2.52B | $2.45B | $2.49B | $2.33B | |
| Treasury Stock | $473M | $425M | $465M | $481M | $461M | $477M | $479M | $519M | $669M | $698M | $727M | $748M | |
| AOCI | $22M | $18M | $11M | $5M | $5M | $-4M | $-9M | $-10M | $-1M | $1M | $355.0K | $6M | |
| Stockholders' Equity | $4.80B | $5.09B | $5.20B | $5.85B | $5.93B | $4.80B | $4.65B | $4.56B | $4.27B | $4.14B | $4.13B | $3.93B | |
| Liabilities + Equity | $8.40B | $13.68B | $13.92B | $14.55B | $13.49B | $12.53B | $10.78B | $9.78B | $9.29B | $9.45B | $9.42B | $8.85B | |
| Shares Outstanding | 113,783,000 | 114,345,000 | 113,000,000 | 112,000,000 | 115,000,000 | 114,000,000 | 115,000,000 | 114,000,000 | 111,000,000 | 110,000,000 | 109,000,000 | 107,899,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $303M | $285M | $270M | $882M | $851M | $862M | $890M | $839M | $817M | $820M | $811M | $798M | |
| Stock-based Comp | $27M | $18M | $20M | $42M | $49M | $53M | $59M | $54M | $46M | $42M | $40M | $36M | |
| Deferred Tax | $-66M | $-21M | $-15M | $47M | $52M | $190M | $34M | $33M | $-369M | $22M | $71M | $72M | |
| Amort. of Intangibles | $29M | $22M | $22M | $21M | $21M | $26M | $24M | $26M | $11M | $14M | · | · | |
| Other Non-cash | $332M | $208M | $728M | $122M | $-5M | $201M | $-88M | $-44M | $129M | $-145M | $-351M | $-413M | |
| Operating Cash Flow | $590M | $1.15B | $1.14B | $1.16B | $1.10B | $1.53B | $1.02B | $1.02B | $776M | $782M | $790M | $395M | |
| CapEx | $391M | $365M | $643M | $1.16B | $1.13B | $1.34B | $957M | $776M | $685M | $636M | $801M | $799M | |
| Investing Cash Flow | $2.14B | $-754M | $-1.33B | $-1.78B | $-2.46B | $-1.51B | $-1.25B | $-680M | $-981M | $-808M | $-743M | · | |
| Debt Issued | $325M | $440M | $1.08B | $1.15B | $1.54B | $1.25B | $0 | $0 | · | · | · | · | |
| Net Debt Issued | $-1.64B | $-16M | $358M | $822M | $-538M | $1.14B | $-118M | $-20M | $-17M | $-12M | $-816.0K | · | |
| Stock Repurchased | $108M | $0 | $6M | $40M | $8M | $14M | $0 | $0 | $0 | $3M | $0 | $39M | |
| Net Stock Activity | $-108M | $0 | $-6M | $-40M | $-8M | $-14M | $-21M | $0 | $0 | $-3M | · | $-39M | |
| Financing Cash Flow | $-2.35B | $-277M | $56M | $613M | $321M | $957M | $-220M | $-32M | $-77M | $-59M | $461M | · | |
| Net Change in Cash | $387M | $114M | $-130M | $-15M | $-1.04B | $978M | $-453M | $305M | $-282M | $-85M | $508M | $-358M | |
| Taxes Paid | $92M | $4M | $-50M | $-119M | $6M | $-23M | $44M | $40M | $56M | $-39M | $57M | $49M | |
| Free Cash Flow | $199M | $261M | $-69M | $-6M | $-28M | $194M | $59M | $241M | $91M | $146M | $-11M | $-405M | |
| Levered FCF | $8M | $-102M | $-318M | $-106M | $-225M | $37M | $-56M | $105M | $310M | $50M | $-97M | $-512M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -7.9% | 1.3% | -8.0% | 2.2% | 4.9% | 5.0% | 3.5% | 4.0% | -2.1% | 1.2% | 7.7% | -3.8% | |
| Net Margin | -0.51% | -0.56% | -9.7% | 1.1% | 2.9% | 4.3% | 2.3% | 2.6% | 3.0% | 0.84% | 4.2% | -2.7% | |
| Pretax Margin | 7.2% | -0.40% | -9.2% | 2.3% | 4.2% | 5.5% | 4.1% | 4.3% | -2.4% | 1.8% | 8.4% | -3.0% | |
| EBITDA Margin | 16.8% | 19.2% | 8.7% | 18.6% | 20.9% | 21.4% | 20.6% | 20.4% | 14.1% | 17.2% | 23.3% | 12.9% | |
| ROA | -0.06% | -0.20% | -3.5% | 0.43% | 1.2% | 1.8% | 1.1% | 1.4% | 1.7% | 0.46% | 2.3% | -1.6% | |
| ROE | -0.13% | -0.54% | -9.0% | 1.1% | 2.9% | 4.8% | 2.6% | 3.1% | 3.6% | 1.0% | 5.4% | -3.4% | |
| ROIC | -3.5% | 1.6% | -8.1% | 1.2% | 3.8% | 5.0% | 2.7% | 3.6% | 3.2% | 0.82% | 5.8% | -4.7% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.1 | 1.6 | 1.4 | 1.3 | 1.7 | 2.6 | 2.0 | 2.7 | 2.1 | 2.3 | 2.3 | 1.7 | |
| Quick Ratio | 1.9 | 1.2 | 1.0 | 0.9 | 1.2 | 2.1 | 1.5 | 2.2 | 1.7 | 1.9 | 1.8 | 1.0 | |
| Interest Coverage | -0.9 | 0.2 | -1.7 | 0.7 | 1.1 | 1.5 | 1.1 | 1.2 | -0.6 | 0.4 | 2.8 | -1.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 8.1 | 8.0 | 5.7 | 5.2 | |
| Receivables Turnover | 19.5 | 5.1 | 5.0 | 5.1 | 5.2 | 5.2 | 5.2 | 5.5 | 6.3 | 7.0 | 8.3 | 9.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $42.20 | $44.66 | $46.04 | $52.22 | $51.54 | $42.14 | $40.46 | $40.00 | $38.46 | $37.67 | $37.86 | $36.39 | |
| Revenue / Share | $10.36 | $43.54 | $45.66 | $47.48 | $45.94 | $45.43 | $44.62 | $44.82 | $45.04 | $45.98 | $47.10 | $46.18 | |
| Cash Flow / Share | $4.98 | $10.04 | $10.11 | $10.13 | $9.51 | $13.32 | $8.76 | $8.92 | $6.93 | $7.04 | $7.18 | $3.64 | |
| Cash / Share | $6.73 | $3.19 | $2.09 | $3.21 | $3.19 | $12.54 | $4.04 | $8.08 | $5.58 | $8.18 | $9.04 | $4.37 | |
| Dividend / Share | $0.16 | $0.31 | $0.74 | $0.72 | $0.70 | $0.68 | $0.66 | $0.64 | $0.62 | $0.59 | $0.56 | $0.54 | |
| EPS (TTM) | $-0.65 | $-0.85 | $-5.05 | $-0.07 | $1.00 | $1.93 | $1.03 | $1.17 | $1.37 | $0.39 | $1.98 | $-1.26 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -5.3% | -4.3% | -75.0% | 1.6% | 2.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -39.0% | -37.6% | -36.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -25.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | · | -48.2% | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -60.3% | -31.0% | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.23B | $1.30B | $1.36B | $5.41B | $5.33B | $5.22B | $5.18B | $5.11B | $5.04B | $5.16B | $5.21B | $5.01B | |
| Net Income TTM | $-6M | $-28M | $-500M | $62M | $156M | $226M | $121M | $135M | $153M | $43M | $219M | $-136M | |
| Market Cap | $4.67B | $3.89B | $2.07B | $1.17B | $2.32B | $2.12B | $2.92B | $3.71B | $3.09B | $3.18B | $2.82B | $2.72B | |
| P/E | -63.1 | -40.1 | -3.6 | -149.9 | 20.1 | 9.6 | 24.7 | 27.8 | 20.3 | 74.0 | 13.1 | -20.0 | |
| P/S | 3.8 | 3.0 | 1.5 | 0.2 | 0.4 | 0.4 | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | |
| P/B | 1.0 | 0.8 | 0.4 | 0.2 | 0.4 | 0.4 | 0.6 | 0.8 | 0.7 | 0.8 | 0.7 | 0.7 | |
| P / Tangible Book | 1.0 | 0.8 | 0.4 | 0.2 | 0.4 | 0.5 | · | · | · | · | · | · | |
| P / Cash Flow | 7.9 | 3.4 | 1.8 | 1.0 | 2.1 | 1.4 | 2.9 | 3.6 | 4.0 | 4.1 | 3.6 | 6.9 | |
| P / FCF | 23.4 | 14.9 | -30.1 | -195.8 | -82.8 | 10.9 | 49.6 | 15.4 | 33.9 | 21.8 | -258.0 | -6.7 | |
| Earnings Yield | -1.6% | -2.5% | -27.5% | -0.67% | 5.0% | 10.4% | 4.0% | 3.6% | 4.9% | 1.4% | 7.6% | -5.0% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $309M | $309M | $-1.42B | $309M | $299M | $290M | $-1.53B | $327M | $1.24B | $1.26B | $-2.49B | $1.28B | $1.27B | $1.30B | $1.36B | $1.39B | |
| SG&A Expense | $111M | $103M | $-517M | $106M | $109M | $116M | $-480M | $117M | $426M | $424M | $-818M | $432M | $436M | $439M | $469M | $462M | |
| Operating Expenses | $-64M | $166M | $-1.32B | $376M | $311M | $324M | $-1.38B | $477M | $1.20B | $1.20B | $-1.70B | $1.23B | $1.23B | $1.27B | $1.38B | $1.40B | |
| Operating Income | $373M | $144M | $-104M | $-68M | $-12M | $-34M | $-148M | $-150M | $39M | $67M | $-793M | $48M | $33M | $29M | $-25M | $-11M | |
| Interest Expense | $11M | $5M | $-66M | $47M | $29M | $24M | $-54M | $33M | $73M | $57M | $-115M | $62M | $62M | $53M | $55M | $46M | |
| Other Non-op | $5M | $5M | $3M | $5M | $2M | $3M | $3M | $1M | $1M | $1M | $2M | $0 | $0 | $0 | $-13M | $0 | |
| Pretax Income | $448M | $234M | $42M | $6M | $10M | $-12M | $-44M | $-130M | $13M | $58M | $-634M | $31M | $15M | $25M | $-37M | $-13M | |
| Income Tax | $106M | $54M | $-412.0K | $-73M | $-4M | $-8M | $-17M | $-31M | $6M | $20M | $-71M | $27M | $15M | $13M | $-8M | $-3M | |
| Net Income | $298M | $145M | $57M | $-82M | $12M | $7M | $6M | $-66M | $3M | $29M | $-506M | $0 | $-2M | $8M | $-26M | $-8M | |
| EPS (Basic) | $2.45 | $1.12 | $0.33 | $-0.85 | $-0.05 | $-0.09 | $-0.10 | $-0.73 | $-0.13 | $0.11 | $-4.64 | $-0.16 | $-0.17 | $-0.08 | $-0.38 | $-0.22 | |
| EPS (Diluted) | $2.42 | $1.09 | $0.33 | $-0.84 | $-0.05 | $-0.09 | $-0.09 | $-0.73 | $-0.13 | $0.10 | $-4.64 | $-0.16 | $-0.17 | $-0.08 | $-0.37 | $-0.22 | |
| Shares (Basic) | 114,500,000 | 113,882,000 | · | 116,126,000 | 115,229,000 | 114,582,000 | · | 114,029,000 | 114,000,000 | 113,000,000 | · | 113,000,000 | 113,000,000 | 113,000,000 | · | 114,000,000 | |
| Shares (Diluted) | 116,291,000 | 116,651,000 | · | 118,844,000 | 115,229,000 | 114,582,000 | · | 114,029,000 | 114,000,000 | 117,000,000 | · | 113,000,000 | 113,000,000 | 113,000,000 | · | 114,000,000 | |
| EBITDA | $462M | $230M | · | $24M | $276M | $269M | · | $158M | $272M | $301M | · | $273M | $258M | $261M | · | $223M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.19B | $1.37B | $766M | $933M | $540M | $348M | $364M | $451M | $322M | $249M | · | $256M | $251M | $259M | · | $442M | |
| Receivables | $63M | $63M | $69M | $59M | $920M | $921M | $57M | $929M | $951M | $955M | · | $988M | $1.01B | $1.04B | · | $1.07B | |
| Inventory | $4M | $4M | $4M | $4M | $130M | $182M | $4M | $167M | $148M | $184M | · | $181M | $216M | $269M | · | $252M | |
| Prepaid Expense | $34M | $34M | $28M | $29M | $76M | $98M | $32M | $88M | $88M | $107M | · | $99M | $104M | $113M | · | $94M | |
| Other Current Assets | $13M | $13M | $14M | $14M | $32M | $38M | $31M | $40M | $42M | $49M | · | $60M | $63M | $71M | · | $57M | |
| Current Assets | $2.35B | $1.52B | $923M | $1.08B | $1.79B | $1.67B | $1.70B | $1.75B | $1.64B | $1.63B | · | $1.68B | $1.75B | $1.90B | · | $2.09B | |
| PP&E (Net) | $3.12B | $3.03B | $2.97B | $2.88B | $4.81B | $4.87B | $2.88B | $4.99B | $4.99B | $5.05B | · | $5.00B | $4.93B | $4.87B | · | $4.65B | |
| PP&E (Gross) | · | · | $7.12B | $7.01B | $14.47B | $14.36B | $7.01B | $14.41B | $14.22B | $14.45B | · | $15.50B | $15.32B | $15.18B | · | $14.93B | |
| Accum. Depreciation | $4.25B | $4.20B | $4.16B | $4.13B | $9.66B | $9.49B | $4.14B | $9.42B | $9.24B | $9.40B | · | $10.50B | $10.39B | $10.31B | · | $10.28B | |
| Goodwill | · | · | · | · | · | · | · | · | · | · | · | $547M | $547M | $547M | · | $547M | |
| Intangibles | $117M | $124M | $132M | $139M | $146M | $154M | $161M | $168M | $173M | $178M | · | $188M | $193M | $199M | · | $210M | |
| Other Non-current Assets | $168M | $162M | $160M | $138M | $726M | $729M | $139M | $728M | $753M | $783M | · | $777M | $780M | $793M | · | $758M | |
| Total Assets | $8.38B | $8.21B | $8.40B | $8.53B | $13.53B | $13.54B | $13.68B | $13.73B | $13.87B | $13.87B | $8.14B | $14.41B | $14.41B | $14.54B | $14.55B | $14.48B | |
| Current Liabilities | $616M | $444M | $440M | $571M | $1.00B | $960M | $1.09B | $1.10B | $1.09B | $1.03B | · | $1.33B | $1.28B | $1.23B | · | $1.41B | |
| Capital Leases | $541M | $548M | $550M | $555M | $867M | $867M | $541M | $862M | $873M | $883M | · | $896M | $900M | $900M | · | $926M | |
| Deferred Tax | $601M | $699M | $744M | $715M | $982M | $987M | $981M | $961M | $992M | $988M | · | $1.00B | $987M | $974M | · | $967M | |
| Other Non-current Liabilities | $553M | $584M | $574M | $577M | $815M | $807M | $461M | $812M | $786M | $780M | · | $819M | $820M | $813M | · | $867M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Paid-in Capital | $2.49B | $2.49B | $2.48B | $2.48B | $2.54B | $2.58B | $2.57B | $2.56B | $2.54B | $2.57B | · | $2.54B | $2.53B | $2.55B | · | $2.53B | |
| Retained Earnings | $2.02B | $1.81B | $1.69B | $1.30B | $1.76B | $1.82B | $1.85B | $1.86B | $1.96B | $2.01B | · | $2.57B | $2.61B | $2.66B | · | $2.76B | |
| Treasury Stock | $436M | $471M | $473M | $405M | $389M | $414M | $425M | $433M | $437M | $460M | · | $465M | $466M | $474M | · | $468M | |
| AOCI | $21M | $21M | $22M | $17M | $18M | $18M | $18M | $11M | $11M | $11M | · | $5M | $5M | $5M | · | $7M | |
| Stockholders' Equity | $5.17B | $4.92B | $4.80B | $4.47B | $5.00B | $5.08B | $5.09B | $5.08B | $5.15B | $5.20B | · | $5.73B | $5.75B | $5.82B | · | $5.90B | |
| Liabilities + Equity | $8.38B | $8.21B | $8.40B | $8.53B | $13.53B | $13.54B | $13.68B | $13.73B | $13.87B | $13.87B | · | $14.41B | $14.41B | $14.54B | · | $14.48B | |
| Shares Outstanding | 115,116,000 | 113,850,000 | 113,783,000 | 115,544,000 | 115,000,000 | 114,000,000 | 114,345,000 | 113,000,000 | 113,000,000 | 113,000,000 | · | 113,000,000 | 113,000,000 | 113,000,000 | · | 114,000,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $89M | $86M | $-258M | $92M | $86M | $84M | $-262M | $81M | $233M | $234M | $-412M | $225M | $225M | $232M | $190M | $234M | |
| Stock-based Comp | $4M | $4M | $5M | $-22M | $16M | $13M | $6M | $-17M | $15M | $14M | $-7M | $13M | $11M | $3M | $10M | $9M | |
| Deferred Tax | $-92M | $-39M | $14M | $-82M | $-5M | $-7M | $23M | $-60M | $2M | $14M | $-53M | $16M | $13M | $9M | $-1M | $-4M | |
| Other Non-cash | · | $-128M | · | · | · | $-90M | · | · | · | $-67M | · | · | · | $-206M | · | · | |
| Operating Cash Flow | $56M | $67M | $20M | $-37M | $421M | $186M | $213M | $307M | $402M | $224M | $218M | $409M | $468M | $46M | $254M | $167M | |
| CapEx | $169M | $149M | $128M | $-24M | $157M | $64M | $96M | $-182M | $216M | $235M | $-263M | $277M | $298M | $331M | $367M | $268M | |
| Investing Cash Flow | $1.00B | $868M | $-85M | $2.49B | $-141M | $-123M | $-175M | $-115M | $-219M | $-246M | $-405M | $-293M | $-295M | $-334M | $-375M | $-286M | |
| Debt Issued | $0 | $1M | $0 | $325M | $0 | $0 | $0 | $0 | $300M | $140M | $300M | $390M | $75M | $316M | $127M | $251M | |
| Net Debt Issued | · | $-149M | · | · | · | $-8M | · | · | · | $83M | · | · | · | $311M | · | · | |
| Stock Repurchased | · | · | $67M | · | · | · | $0 | $0 | $0 | $0 | $-187.0K | $0 | $3M | $3M | $15M | $5M | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $-3M | · | · | |
| Financing Cash Flow | $-233M | $-335M | $-102M | $-2.08B | $-92M | $-75M | $-126M | $-66M | $-115M | $30M | $163M | $-116M | $-189M | $198M | $39M | $95M | |
| Net Change in Cash | $827M | $601M | $-167M | $379M | $188M | $-12M | $-88M | $126M | $68M | $8M | $-24M | $0 | $-16M | $-90M | $-82M | $-24M | |
| Free Cash Flow | · | $-82M | · | · | · | $57M | · | · | · | $-11M | · | · | · | $-285M | · | · | |
| Levered FCF | · | $-86M | · | · | · | $20M | · | · | · | $-48M | · | · | · | $-310M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 120.7% | 46.5% | · | -22.0% | 3.4% | 3.0% | · | -6.5% | 3.1% | 5.3% | · | 3.8% | 2.6% | 2.2% | · | -0.79% | |
| Net Margin | 96.5% | 46.7% | · | -26.5% | 1.0% | 0.61% | · | -5.4% | 0.24% | 2.3% | · | 0.00% | -0.16% | 0.61% | · | -0.57% | |
| Pretax Margin | 144.8% | 75.6% | · | 1.9% | 1.8% | 1.7% | · | -8.5% | 1.1% | 4.6% | · | 2.4% | 1.2% | 1.9% | · | -0.93% | |
| EBITDA Margin | 149.4% | 74.2% | · | 7.7% | 23.3% | 23.3% | · | 12.9% | 22.0% | 23.8% | · | 21.4% | 20.4% | 20.0% | · | 16.0% | |
| ROA | 2.7% | 1.3% | · | -0.73% | 0.09% | 0.05% | · | -0.47% | 0.02% | 0.20% | · | 0.00% | -0.01% | 0.06% | · | -0.06% | |
| ROE | 5.9% | 2.9% | · | -1.7% | 0.24% | 0.14% | · | -1.2% | 0.06% | 0.53% | · | 0.00% | -0.03% | 0.14% | · | -0.14% | |
| ROIC | 5.5% | 2.2% | · | -20.0% | 0.69% | 0.41% | · | -1.2% | 0.41% | 0.84% | · | 0.11% | 0.00% | 0.24% | · | -0.14% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.8 | 3.4 | · | 1.9 | 1.8 | 1.7 | · | 1.6 | 1.5 | 1.6 | · | 1.3 | 1.4 | 1.6 | · | 1.5 | |
| Quick Ratio | 3.7 | 3.2 | · | 1.7 | 1.5 | 1.3 | · | 1.3 | 1.2 | 1.2 | · | 0.9 | 1.0 | 1.1 | · | 1.1 | |
| Interest Coverage | 32.8 | 27.0 | · | -1.4 | 0.6 | 0.6 | · | -1.1 | 0.5 | 1.2 | · | 0.8 | 0.5 | 0.5 | · | -0.2 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 0.6 | 0.6 | · | 0.6 | 1.3 | 1.2 | · | 1.3 | 1.3 | 1.3 | · | 1.2 | 1.2 | 1.3 | · | 1.3 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $44.92 | $43.25 | · | $38.66 | $43.51 | $44.54 | · | $44.91 | $45.56 | $46.05 | · | $50.67 | $50.90 | $51.47 | · | $51.79 | |
| Revenue / Share | $2.66 | $2.65 | · | $2.60 | $10.31 | $10.03 | · | $10.74 | $10.86 | $10.79 | · | $11.31 | $11.21 | $11.53 | · | $12.21 | |
| Cash Flow / Share | · | $0.58 | · | · | · | $1.62 | · | · | · | $1.91 | · | · | · | $0.41 | · | · | |
| Cash / Share | $19.06 | $12.00 | · | $8.07 | $4.70 | $3.05 | · | $3.99 | $2.85 | $2.20 | · | $2.27 | $2.22 | $2.29 | · | $3.88 | |
| Dividend / Share | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.19 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | |
| EPS (TTM) | $3.00 | $0.53 | · | $-1.07 | $-0.96 | $-1.04 | · | $-5.40 | $-4.83 | $-4.87 | · | $-0.78 | $-0.84 | $-0.52 | · | $0.41 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $-493M | $-504M | · | $-633M | $-614M | $325M | · | $335M | $1.29B | $1.31B | · | $5.21B | $5.32B | $5.40B | · | $5.43B | |
| Net Income TTM | $418M | $131M | · | $-57M | $-41M | $-49M | · | $-540M | $-474M | $-479M | · | $-20M | $-28M | $9M | · | $118M | |
| Market Cap | $4.26B | $4.79B | · | $4.53B | $4.09B | $4.42B | · | $2.63B | $2.34B | $1.81B | · | $2.07B | $930M | $1.19B | · | $1.58B | |
| P/E | 12.3 | 79.4 | · | -36.7 | -37.1 | -37.2 | · | -4.3 | -4.3 | -3.3 | · | -23.5 | -9.8 | -20.2 | · | 33.9 | |
| P/S | -8.6 | -9.5 | · | -7.2 | -6.7 | 13.6 | · | 7.9 | 1.8 | 1.4 | · | 0.4 | 0.2 | 0.2 | · | 0.3 | |
| P/B | 0.8 | 1.0 | · | 1.0 | 0.8 | 0.9 | · | 0.5 | 0.5 | 0.3 | · | 0.4 | 0.2 | 0.2 | · | 0.3 | |
| P / Tangible Book | 0.8 | 1.0 | · | 1.0 | 0.8 | 0.9 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.2 | 0.2 | · | 0.3 | |
| P / Cash Flow | · | 71.0 | · | · | · | 23.7 | · | · | · | 8.1 | · | · | · | 25.8 | · | · | |
| Earnings Yield | 8.1% | 1.3% | · | -2.7% | -2.7% | -2.7% | · | -23.2% | -23.3% | -30.4% | · | -4.3% | -10.2% | -5.0% | · | 2.9% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenue | $1.23B | · | · | $1.30B | · |
| Operating Margin % | -7.9% | · | · | 1.3% | · |
| Net Income | $-6M | · | · | $-28M | · |
| Diluted EPS | $-0.65 | · | · | $-0.85 | · |
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Current Ratio | 2.1 | · | · | 1.6 | · |
| Quick Ratio | 1.9 | · | · | 1.2 | · |
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Free Cash Flow | $199M | · | · | $261M | · |
Institutional owners (13F) 374 filers · $4.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
374
Value held
$4.4B
New positions
58
Exited positions
50
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 58 (-4 vs prior Q) | 50 (+14 vs prior Q) | 127 (+6 vs prior Q) | 112 (-8 vs prior Q) | +8.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $583,579,823 | 15,768,166 | 13.22% | Shares |
| VANGUARD GROUP INC | $466,379,961 | 11,375,121 | 10.57% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $234,753,885 | 6,342,746 | 5.32% | Shares |
| Third Point LLC | $232,237,750 | 6,275,000 | 5.26% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $214,317,804 | 5,790,808 | 4.86% | Shares |
| CARRONADE CAPITAL MANAGEMENT, LP | $196,863,000 | 5,319,175 | 4.46% | Shares |
| OAKTREE CAPITAL MANAGEMENT LP | $195,520,314 | 5,282,905 | 4.43% | Shares |
| AMERICAN CENTURY COMPANIES INC | $174,717,954 | 4,720,830 | 3.96% | Shares |
| STATE STREET CORP | $163,974,693 | 4,430,551 | 3.72% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $153,742,390 | 4,154,077 | 3.48% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $105,407,098 | 2,847,613 | 2.39% | Shares |
| GOLDMAN SACHS GROUP INC | $92,607,652 | 2,502,233 | 2.10% | Shares |
| Davidson Kempner Capital Management LP | $74,186,767 | 2,004,506 | 1.68% | Shares |
| UBS Group AG | $71,491,699 | 1,931,686 | 1.62% | Shares |
| Diameter Capital Partners LP | $62,027,095 | 1,675,955 | 1.41% | Shares |
| MORGAN STANLEY | $58,328,068 | 1,576,007 | 1.32% | Shares |
| GABELLI FUNDS LLC | $56,547,579 | 1,527,900 | 1.28% | Shares |
| GOLDENTREE ASSET MANAGEMENT LP | $56,094,914 | 1,518,180 | 1.27% | Shares |
| GAMCO INVESTORS, INC. ET AL | $55,180,911 | 1,490,973 | 1.25% | Shares |
| FOURSIXTHREE CAPITAL LP | $52,024,291 | 1,405,682 | 1.18% | Shares |
| REDWOOD CAPITAL MANAGEMENT, LLC | $47,198,187 | 1,275,282 | 1.07% | Shares |
| ARISTEIA CAPITAL, L.L.C. | $43,138,597 | 1,165,593 | 0.98% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $42,108,350 | 1,137,756 | 0.95% | Shares |
| NORTHERN TRUST CORP | $40,849,419 | 1,103,740 | 0.93% | Shares |
| 140 Summer Partners LP | $35,849,107 | 968,633 | 0.81% | Shares |
| Hudson Bay Capital Management LP | $34,868,194 | 942,129 | 0.79% | Shares |
| Invesco Ltd. | $34,380,661 | 928,956 | 0.78% | Shares |
| Qube Research & Technologies Ltd | $33,461,111 | 904,110 | 0.76% | Shares |
| BANK OF AMERICA CORP /DE/ | $32,214,244 | 870,420 | 0.73% | Shares |
| Bank of New York Mellon Corp | $31,096,114 | 840,208 | 0.70% | Shares |
| VR Advisory Services Ltd | $29,641,457 | 800,904 | 0.67% | Shares |
| Capital International Investors | $26,606,267 | 718,894 | 0.60% | Shares |
| DEUTSCHE BANK AG\ | $26,019,732 | 703,046 | 0.59% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $23,649,760 | 639,010 | 0.54% | Shares |
| TCW GROUP INC | $22,847,457 | 617,332 | 0.52% | Shares |
| Nuveen, LLC | $19,133,726 | 516,988 | 0.43% | Shares |
| LOOMIS SAYLES & CO L P | $18,780,389 | 507,441 | 0.43% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $18,229,350 | 492,552 | 0.41% | Shares |
| Point72 Asset Management, L.P. | $18,168,764 | 490,915 | 0.41% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $17,305,357 | 467,586 | 0.39% | Shares |
| Knighthead Capital Management, LLC | $16,495,172 | 445,695 | 0.37% | Shares |
| JPMORGAN CHASE & CO | $15,866,053 | 414,945 | 0.36% | Shares |
| CONGRESS ASSET MANAGEMENT CO | $13,045,896 | 352,497 | 0.30% | Shares |
| Public Sector Pension Investment Board | $12,299,348 | 332,325 | 0.28% | Shares |
| FRANKLIN RESOURCES INC | $12,208,858 | 329,880 | 0.28% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $11,276,359 | 267,847 | 0.26% | Shares |
| CITADEL ADVISORS LLC | $11,260,330 | 304,251 | 0.26% | Shares |
| Man Group plc | $10,882,716 | 294,048 | 0.25% | Shares |
| FMR LLC | $10,384,910 | 280,597 | 0.24% | Shares |
| Rokos Capital Management LLP | $9,906,695 | 267,640 | 0.22% | Shares |
Activists & 5%+ owners 13 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989 ×6 filings | Sept. 2, 2026 | 11.70% | Amendment | · | SEC |
| Telephone and Data Systems, Inc., The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989 | Sept. 2, 2026 | 81.90% | Amendment | · | SEC |
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. I.D. No., Gabelli & Company Investment Advisers, Inc. I.D. No., MJG Associates, Inc. I.D. No., Gabelli Foundation, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×30 filings | July 2, 2019 | · | Initial filing | · | SEC |
| Gabelli Funds, LLC I.D. No ., GAMCO Asset Management Inc. I.D. No ., Gabelli Securities, Inc. I.D. No ., MJG Associates, Inc. I.D. No ., MJG-IV Limited Partnership I.D. No ., Gabelli Foundation, Inc. I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Mario J. Gabelli ×14 filings | May 15, 2013 | · | Initial filing | · | SEC |
| Trustees under Amendment and Restatement (dated as of April 22, 2005) of Voting Trust Agreement Dated as of June 30, 1989 ×10 filings | Jan. 27, 2012 | · | Initial filing | · | SEC |
| Longleaf Partners Fund I.D. No., O. Mason Hawkins I.D. No. XXX-XX-XXXX ___________________________________________________________________ (2) ×41 filings | Feb. 14, 2011 | · | Initial filing | · | SEC |
| Southeastern Asset Management, Inc. I.D. No., Longleaf Partners Fund I.D. No., O. Mason Hawkins I.D. No. XXX-XX-XXXX ×3 filings | July 22, 2009 | · | Initial filing | · | SEC |
| I.R.S. NUMBER OF REPORTING PERSON Wallace R. Weitz & Company Tax I.D. No., I.R.S. NUMBER OF REPORTING PERSON Wallace R. Weitz 2) | May 20, 2009 | · | Initial filing | Passive investment | SEC |
| Gabelli Funds, LLC. I.D. NO., GAMCO Asset Management Inc. I.D. NO., Gabelli Securities, Inc. I.D. NO., Gabelli Foundation, Inc. I.D. NO., GGCP, Inc. I.D. NO., GAMCO Investors, Inc. I.D. NO., Mario J. Gabelli | Oct. 4, 2006 | · | Initial filing | · | SEC |
| Trustees under Voting Trust Agreement dated June 30, 1989, as amended | Feb. 18, 2005 | · | Initial filing | · | SEC |
| Trustees under Voting Trust under Agreement dated June 30, 1989, as amended ×2 filings | Feb. 17, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 27, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Jan. 16, 2001 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 50 insiders · 26 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kenneth S. Dixon | President & CEO, subsidiary | June 9, 2026 M | 3,164 | 0 | 0 | $0 |
| James W Butman | President & CEO of subsidiary | May 21, 2025 A | 291,098 | 0 | 0 | $0 |
| Vicki L Villacrez | Executive Vice President & CFO | June 11, 2026 M | 72,425 | 0 | 0 | $0 |
| Peter L Sereda | EVP - Chief Financial Officer | May 22, 2022 M | 66,595 | 0 | 0 | $0 |
| Sandra L Helton | EVP and CFO | Oct. 13, 2006 A | 0 | 0 | 0 | $0 |
| Anthony J Carlson | President of Array | Sept. 3, 2026 G | 511 | 0 | 0 | $0 |
| Douglas W Chambers | President of a Subsidiary | Aug. 12, 2025 M | 0 | 0 | 0 | $0 |
| Kenneth R Meyers | President of a subsidiary | March 19, 2019 S | 32,305 | 0 | 0 | $0 |
| Leroy T Carlson JR | Vice Chair | Sept. 16, 2026 G | 253,170 | 0 | 1 | $-2,964,495 |
| Anita J Kroll | VP, Controller & CAO | June 11, 2026 M | 20,546 | 0 | 2 | $-666,856 |
| Daniel J. Dewitt | SVP of Human Resources | May 17, 2023 A | 25,947 | 0 | 0 | $0 |
| Jane W Mccahon | SVP Corp Relations & Corp Sec | Feb. 10, 2022 F | 35,078 | 0 | 0 | $0 |
| Kurt B Thaus | Senior VP - Technology | Dec. 8, 2021 S | 11,315 | 0 | 0 | $0 |
| Scott H Williamson | Senior Vice President | May 23, 2021 M | 79,688 | 0 | 0 | $0 |
| Douglas D Shuma | SVP-Finance & CAO | May 11, 2018 M | 12,145 | 0 | 0 | $0 |
| Theodore C Herbert | VP Human Resources | Aug. 15, 2016 A | 103,872 | 0 | 0 | $0 |
| Leroy T Carlson | Chairman Emeritus | May 10, 2016 M | 112,812 | 0 | 0 | $0 |
| Michael D Jack | Sr. VP - Corp. Controller | June 26, 2007 M | 180 | 0 | 0 | $0 |
| Randall H Reed | VP & Assistant Controller | June 19, 2006 A | · | 0 | 0 | $0 |
| Frieda E Ireland | VP - Internal Audit | June 19, 2006 A | · | 0 | 0 | $0 |
| Kenneth M Kotylo | VP- Acquisitions & Corp. Devel | June 19, 2006 A | 294 | 0 | 0 | $0 |
| Kevin C Gallagher | VP & Corp Secretary | June 19, 2006 A | 0 | 0 | 0 | $0 |
| Mark A Steinkrauss | VP, Corporate Relations | June 19, 2006 A | 374 | 0 | 0 | $0 |
| Byron A Wertz | VP-Corp. Development | June 19, 2006 A | 0 | 0 | 0 | $0 |
| James W Twesme | VP-Corporate Finance | June 19, 2006 A | 0 | 0 | 0 | $0 |
| Rudolph E Hornacek | Vice President Engineering | May 8, 2004 A | 9,382 | 0 | 0 | $0 |
| Dirk S Woessner | Director | May 21, 2026 F | 15,244 | 0 | 0 | $0 |
| Napoleon B Rutledge JR | Director | May 21, 2026 A | 4,577 | 0 | 0 | $0 |
| Kimberly D Dixon | Director | May 21, 2026 A | 45,703 | 0 | 0 | $0 |
| Wade Oosterman | Director | May 21, 2026 A | 42,223 | 0 | 0 | $0 |
| Prudence E Carlson | Director | May 21, 2026 A | 308,539 | 0 | 1 | $-244,062 |
| OFF GEORGE W | Director | May 21, 2026 A | 78,807 | 0 | 0 | $0 |
| Clarence A Davis | Director | May 17, 2023 A | 24,898 | 0 | 0 | $0 |
| Gary L Sugarman | Director | May 10, 2021 S | 32,661 | 0 | 0 | $0 |
| Mitchell H Saranow | Director | March 26, 2019 S | 15,074 | 0 | 0 | $0 |
| David A Wittwer | Director | March 1, 2018 A | 11,577 | 0 | 0 | $0 |
| Herbert S Wander | Director | March 1, 2017 A | 31,234 | 0 | 0 | $0 |
| Gregory P Josefowicz | Director | Feb. 27, 2009 A | 2,682 | 0 | 0 | $0 |
| James Barr III | Director | Jan. 18, 2008 J | 0 | 0 | 0 | $0 |
| SOLOMON MARTIN L | Director | June 19, 2007 A | 4,365 | 0 | 0 | $0 |
| Kevin A Mundt | Director | Dec. 30, 2005 A | 3,462 | 0 | 0 | $0 |
| Michael D Bills | Director | June 30, 2004 A | 1,673 | 0 | 0 | $0 |
| VOTING TRUST | 10% owner | Jan. 24, 2012 J | 6,100,979 | 0 | 0 | $0 |
| Christopher D Oleary | · | May 21, 2026 A | 48,088 | 0 | 0 | $0 |
| Joseph R Hanley | · | May 21, 2026 M | 113,963 | 0 | 0 | $0 |
| Letitia G C Carlson | · | May 21, 2026 A | 195,692 | 0 | 0 | $0 |
| Walter Cd Carlson | · | May 21, 2026 M | 228,609 | 0 | 0 | $0 |
| Donald C Nebergall | · | March 31, 2015 S | 11,763 | 0 | 0 | $0 |
| Timothy J Kleespies | · | April 20, 2005 A | 0 | 0 | 0 | $0 |
| George L Dienes | · | March 10, 2004 M | 32,488 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 55 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCU · Invesco Exchange-Traded Fund Trust … | 3.43% | 14,645 SH | Oct. 1, 2026 | Daily |
| XSHQ · Invesco Exchange-Traded Fund Trust … | 0.94% | 78,854 SH | Oct. 1, 2026 | Daily |
| XSLV · Invesco Exchange-Traded Fund Trust … | 0.88% | 61,008 SH | Oct. 1, 2026 | Daily |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.84% | 1,640,455 | Oct. 1, 2026 | Daily |
| XSVM · Invesco Exchange-Traded Fund Trust | 0.58% | 99,426 SH | Oct. 1, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.52% | 35,019 NS | July 31, 2026 | N-PORT |
| PFF · iShares Trust | 0.42% | 2,720,838 SH | Sept. 11, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.38% | 205,261 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.27% | 111,322 NS | July 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.25% | 612,768 NS | July 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.24% | 87,646 SH | Aug. 19, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 37,343 NS | July 31, 2026 | N-PORT |
| VOX · VANGUARD WORLD FUND | 0.21% | 344,145 SH | Aug. 19, 2026 | Daily |
| FCOM · FIDELITY COVINGTON TRUST | 0.20% | 101,616 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.19% | 7,378 NS | July 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.19% | 338,399 SH | Aug. 19, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.19% | 12,980 SH | Oct. 1, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.16% | 693,966 NS | July 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.15% | 7,744 NS | July 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.14% | 3,578 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.12% | 2,572,109 SH | Sept. 11, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 23,483 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.11% | 576,787 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.11% | 48,022 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.08% | 380,159 NS | July 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.07% | 42,131 SH | Oct. 1, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.07% | 1,316,043 SH | Aug. 19, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.06% | 217 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 1,110,644 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 2,074,578 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.04% | 6,268 SH | Sept. 10, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.03% | 5,118 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.02% | 279,875 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.02% | 46,940 SH | Oct. 1, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.01% | 56,227 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 12,127 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 783 SH | Sept. 30, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 8,423 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 22,104 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 5,372 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 24,560 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.01% | 28,353 SH | Sept. 9, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 126,717 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.01% | 30,913 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 1,321 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,872,225 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 75,940 SH | Aug. 19, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.02% | -17,944 NS | July 31, 2026 | N-PORT |
| IJR · iShares Trust | · | 5,906,517 SH | Sept. 10, 2026 | Daily |
| IJS · iShares Trust | · | 863,284 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 944,560 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 13,339 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 3,825 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 18,966 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 17,388 SH | Sept. 1, 2026 | Daily |
TDS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$47.50
+34.2%
2 25.0%
Strong Buy
3 37.5%
Buy
2 25.0%
Hold
1 12.5%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-10-03Mean target $47.50 +34.2%
← Below all targets
Current price $35.39
Low$47.00
Mean$47.50
High$48.00
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Source: SEC 10-Q filed Aug 7, 2026