TELUS Corporation (TU) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TELUS Corporation (TU) stock price & volume — 10-year historical chart
TELUS Corporation (TU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
TELUS Corporation (TU) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.15vs $0.18-16.7% | $3.8Bvs $3.9B-2.4% |
| Q4 2025 | Nov 7, 2025 | $0.17vs $0.19-10.5% | $3.6Bvs $3.8B-5.6% |
| Q3 2025 | Aug 1, 2025 | $0.16vs $0.17-5.9% | $3.7Bvs $3.8B-2.3% |
| Q2 2025 | May 9, 2025 | $0.18vs $0.15+20.0% | $3.5Bvs $3.6B-3.1% |
TELUS Corporation (TU) competitors in Integrated Telecom and Media Groups — business model, growth, and fundamentals comparison
TELUS Corporation (TU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TELUS Corporation (TU) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.2B | 14.1B | 14.59B | 15.34B | 16.84B | 18.29B | 20B | 20.14B | 20.51B |
| Revenue Growth % | 3.75% | 6.76% | 3.5% | 5.15% | 9.76% | 8.64% | 9.36% | 0.67% | 1.82% |
| Cost of Revenue | 5.93B | 6.37B | 6.07B | 6.27B | 6.7B | 7.11B | 7.54B | 7.64B | 13.58B |
| Gross Profit | 7.27B▲ 0% | 7.73B▲ 6.3% | 8.52B▲ 10.2% | 9.07B▲ 6.5% | 10.14B▲ 11.7% | 11.19B▲ 10.3% | 12.47B▲ 11.5% | 12.5B▲ 0.3% | 6.92B▼ 44.6% |
| Gross Margin % | 55.04% | 54.82% | 58.39% | 59.14% | 60.21% | 61.15% | 62.32% | 62.07% | 33.76% |
| Gross Profit Growth % | 2.44% | 6.33% | 10.25% | 6.5% | 11.75% | 10.32% | 11.47% | 0.26% | -44.62% |
| Operating Expenses | 4.66B | 5.14B | 5.54B | 6.59B | 7.07B | 8.23B | 10.11B | 9.7B | 4.56B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| EBITDA | 4.77B | 5.12B | 5.55B | 5.49B | 6.29B | 6.41B | 6.43B | 6.84B | 6.42B |
| EBITDA Margin % | 36.16% | 36.29% | 38.07% | 35.81% | 37.36% | 35.02% | 32.15% | 33.96% | 31.32% |
| EBITDA Growth % | 12.59% | 7.14% | 8.58% | -1.08% | 14.49% | 1.84% | 0.39% | 6.36% | -6.11% |
| Depreciation & Amortization | 2.17B | 2.28B | 2.58B | 3.01B | 3.22B | 3.45B | 4.07B | 4.04B | 4.06B |
| D&A / Revenue % | 16.43% | 16.16% | 17.66% | 19.63% | 19.1% | 18.87% | 20.34% | 20.04% | 19.79% |
| Operating Income (EBIT) | 2.6B▲ 0% | 2.84B▲ 8.9% | 2.98B▲ 4.9% | 2.48B▼ 16.6% | 3.07B▲ 23.9% | 2.95B▼ 3.9% | 2.36B▼ 20.0% | 2.8B▲ 18.7% | 2.36B▼ 15.7% |
| Operating Margin % | 19.73% | 20.13% | 20.41% | 16.18% | 18.26% | 16.15% | 11.81% | 13.92% | 11.52% |
| Operating Income Growth % | 19.39% | 8.91% | 4.93% | -16.63% | 23.85% | -3.9% | -20.04% | 18.71% | -15.73% |
| Interest Expense | 585M | 642M | 709M | 746M | 805M | 867M | 1.29B | 1.41B | 0 |
| Interest Coverage | 4.45x | 4.42x | 4.20x | 3.33x | 3.82x | 3.41x | 1.83x | 1.98x | - |
| Interest / Revenue % | 4.43% | 4.55% | 4.86% | 4.86% | 4.78% | 4.74% | 6.46% | 7.02% | 0% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 2.03B▲ 0% | 2.18B▲ 7.1% | 2.24B▲ 3.1% | 1.71B▼ 23.8% | 2.28B▲ 33.1% | 2.32B▲ 1.9% | 1.09B▼ 53.1% | 1.23B▲ 12.8% | 1.2B▼ 2.1% |
| Pretax Margin % | 15.39% | 15.44% | 15.38% | 11.15% | 13.53% | 12.69% | 5.44% | 6.1% | 5.86% |
| Income Tax | 553M | 552M | 468M | 451M | 580M | 604M | 222M | 290M | 425M |
| Effective Tax Rate % | 27.21% | 25.37% | 20.86% | 26.36% | 25.46% | 26.01% | 20.39% | 23.62% | 35.36% |
| Net Income | 1.46B▲ 0% | 1.6B▲ 9.6% | 1.75B▲ 9.1% | 1.21B▼ 30.9% | 1.66B▲ 37.1% | 1.61B▼ 2.4% | 841M▼ 47.9% | 993M▲ 18.1% | 1.11B▲ 12.1% |
| Net Margin % | 11.06% | 11.35% | 11.97% | 7.87% | 9.83% | 8.83% | 4.2% | 4.93% | 5.43% |
| Net Income Growth % | 19.38% | 9.59% | 9.13% | -30.87% | 37.12% | -2.42% | -47.93% | 18.07% | 12.08% |
| EPS (Diluted) | 1.32▲ 0% | 1.34▲ 1.5% | 1.45▲ 8.2% | 0.94▼ 35.2% | 1.23▲ 30.9% | 1.15▼ 6.5% | 0.58▼ 49.6% | 0.67▲ 15.5% | 0.72▲ 7.5% |
| EPS Growth % | 28.16% | 1.52% | 8.21% | -35.17% | 30.85% | -6.5% | -49.57% | 15.52% | 7.46% |
| EPS (Basic) | 1.32 | 1.34 | 1.45 | 0.95 | 1.23 | 1.16 | 0.58 | 0.67 | 0.73 |
| Diluted Shares Outstanding | 1.19B | 1.19B | 1.2B | 1.28B | 1.35B | 1.4B | 1.46B | 1.49B | 1.53B |
TELUS Corporation (TU) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 29.55B | 33.06B | 29.29B | 33.97B | 47.98B | 54.07B | 56.14B | 58.02B | 59.61B |
| Asset Growth % | 6.56% | 11.9% | -11.41% | 15.96% | 41.27% | 12.68% | 3.82% | 3.36% | 2.74% |
| PP&E (Net) | 11.37B | 12.09B | 10.98B | 11.78B | 15.93B | 17.08B | 17.25B | 17.29B | 17.5B |
| PP&E / Total Assets % | 38.47% | 36.57% | 37.47% | 34.7% | 33.19% | 31.6% | 30.73% | 29.8% | 29.36% |
| Total Current Assets | 2.88B | 3.84B | 3.36B | 3.67B | 5.03B | 6.09B | 6.31B | 6.65B | 8.37B |
| Cash & Equivalents | 509M | 414M | 412.57M | 665.62M | 723M | 974M | 864M | 869M | 2.62B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 378M | 376M | 337M | 319.47M | 448M | 537M | 484M | 629M | 482M |
| Other Current Assets | 648M | 527M | 6.17M | 1.57M | 13M | 83M | 36M | 65M | 594M |
| Long-Term Investments | 56M | 75M | 652.4M | 854.79M | 497M | 609M | 826M | 1.06B | 0 |
| Goodwill | 4.22B | 4.73B | 4.09B | 5.62B | 7.27B | 9.13B | 10.06B | 10.54B | 10.46B |
| Intangible Assets | 10.66B | 10.96B | 9.91B | 11.81B | 17.48B | 19.24B | 19.72B | 20.59B | 20.33B |
| Other Assets | 105M | 120M | 309.23M | 215.07M | 1.74B | 1.9B | 1.93B | 1.87B | 2.95B |
| Total Liabilities | 21.29B | 22.72B | 21.07B | 24.1B | 31.92B | 36.41B | 38.83B | 41.23B | 43.03B |
| Total Debt | 13.76B | 14.2B | 14.32B | 16B | 20.97B | 25.14B | 27.45B | 29.78B | 31.46B |
| Net Debt | 13.25B | 13.79B | 13.91B | 15.34B | 20.24B | 24.17B | 26.59B | 28.91B | 28.84B |
| Long-Term Debt | 12.33B | 13.17B | 12.13B | 13.67B | 17.93B | 22.5B | 23.36B | 25.61B | 27.44B |
| Short-Term Borrowings | 1.52B | 945M | 1.1B | 1.2B | 3.04B | 2.65B | 4.1B | 4.17B | 4.02B |
| Capital Lease Obligations | 0 | 102M | 1.08B | 1.13B | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 5.19B | 4.84B | 4.3B | 4.64B | 8.27B | 8.29B | 9.48B | 9.83B | 9.69B |
| Accounts Payable | 717M | 686M | 687.87M | 671.11M | 1.21B | 1.38B | 996M | 1.13B | 3.49B |
| Accrued Expenses | 1.72B | 1.82B | 384.81M | 441.92M | 2.35B | 2.46B | 2.25B | 2.36B | 0 |
| Deferred Revenue | 782M | 653M | 420.28M | 464.68M | 854M | 891M | 971M | 1.04B | 0 |
| Other Current Liabilities | 1.23B | 1.39B | 1.66B | 1.76B | 148M | 185M | 342M | 247M | 2.17B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Liabilities | 3.76B | 4.62B | 1B | 1.69B | 1.59B | 1.09B | 1.52B | 1.39B | 5.91B |
| Total Equity | 8.26B▲ 0% | 10.34B▲ 25.1% | 8.22B▼ 20.5% | 9.86B▲ 20.0% | 16.06B▲ 62.8% | 17.66B▲ 10.0% | 17.3B▼ 2.0% | 16.8B▼ 2.9% | 16.58B▼ 1.3% |
| Equity Growth % | 4.12% | 25.15% | -20.51% | 20.02% | 62.79% | 9.96% | -2.02% | -2.91% | -1.3% |
| Shareholders Equity | 8.22B | 10.26B | 8.13B | 9.45B | 15.12B | 16.57B | 16.11B | 15.62B | 15.78B |
| Minority Interest | 42M | 82M | 85.6M | 414.44M | 943M | 1.09B | 1.19B | 1.18B | 804M |
| Common Stock | 5.21B | 5.39B | 4.36B | 6.03B | 9.64B | 11.4B | 12.32B | 13.12B | 15.78B |
| Additional Paid-in Capital | 370M | 383M | 306.92M | 419.15M | 1.01B | 956M | 997M | 1.08B | 0 |
| Retained Earnings | 2.6B | 4.47B | 3.37B | 2.91B | 4.26B | 4.1B | 2.83B | 1.52B | 0 |
| Accumulated OCI | 51M | 12M | 91.77M | 91.84M | 203M | 110M | -44M | -105M | 0 |
| Return on Assets (ROA) | 5.1% | 5.11% | 5.6% | 3.82% | 4.04% | 3.17% | 1.53% | 1.74% | 1.89% |
| Return on Equity (ROE) | 18.03% | 17.2% | 18.81% | 13.35% | 12.77% | 9.58% | 4.81% | 5.82% | 6.67% |
| Debt / Equity | 1.67x | 1.37x | 1.74x | 1.62x | 1.31x | 1.42x | 1.59x | 1.77x | 1.90x |
| Debt / Assets | 46.57% | 42.95% | 48.9% | 47.11% | 43.69% | 46.5% | 48.9% | 51.32% | 52.77% |
| Net Debt / EBITDA | 2.78x | 2.70x | 2.50x | 2.79x | 3.22x | 3.77x | 4.13x | 4.23x | 4.49x |
| Book Value per Share | 6.97 | 8.66 | 6.83 | 7.72 | 11.89 | 12.59 | 11.88 | 11.3 | 10.8 |
TELUS Corporation (TU) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.95B | 4.06B | 3.93B | 4.57B | 4.39B | 4.81B | 4.5B | 4.85B | 4.87B |
| Operating CF Growth % | 22.62% | 2.81% | -3.23% | 16.48% | -4.07% | 9.64% | -6.49% | 7.74% | 0.39% |
| Operating CF / Revenue % | 29.9% | 28.79% | 26.92% | 29.82% | 26.06% | 26.3% | 22.49% | 24.07% | 23.73% |
| Net Income | 1.48B | 1.62B | 1.78B | 1.26B | 1.7B | 1.72B | 867M | 938M | 1.11B |
| Depreciation & Amortization | 2.17B | 2.27B | 2.58B | 3.01B | 3.22B | 3.45B | 4.07B | 4.04B | 4.06B |
| Deferred Taxes | 430M | 74M | 115M | 76M | 47M | 31M | -140M | -167M | 0 |
| Other Non-Cash Items | -6M | -169M | -207M | -71M | -630M | -319M | -88M | -132M | -201M |
| Working Capital Changes | -142M | 256M | -332M | 270M | -82M | -193M | -326M | 21M | -105M |
| Capital Expenditures | -3.08B | -2.88B | -3.89B | -6.17B | -5.32B | -3.65B | -3.21B | -3.39B | -2.52B |
| CapEx / Revenue % | 23.34% | 20.4% | 26.69% | 40.19% | 18.39% | 19.94% | 15.91% | 13.66% | 12.26% |
| CapEx / D&A | 1.42x | 1.27x | 1.51x | 2.05x | 0.96x | 1.06x | 0.78x | 0.68x | 0.62x |
| CapEx Coverage (OCF/CapEx) | 1.28x | 1.41x | 1.01x | 0.74x | 1.42x | 1.32x | 1.41x | 1.76x | 1.93x |
| Cash from Investing | -3.64B | -2.98B | -5.04B | -6.17B | -5.47B | -5.41B | -4.75B | -3.7B | -3.04B |
| Acquisitions | -536M | -242M | -1.09B | -3.12B | 40M | -1.53B | -1.28B | -338M | -531M |
| Purchase of Investments | -26M | -22M | -35M | -129M | -148M | -214M | -132M | -66M | 0 |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 |
| Other Investing | -26M | 140M | -33M | -100M | -2.26B | -21M | -157M | -546M | 6M |
| Cash from Financing | -227M | -1.18B | 1.24B | 1.9B | 953M | 848M | 139M | -1.14B | -74M |
| Dividends Paid | -1.08B | -1.14B | -1.15B | -930M | -1.04B | -1.19B | -1.31B | -1.56B | -1.63B |
| Dividend Payout Ratio % | 74.11% | 71.31% | 65.81% | 77.05% | 63.14% | 73.56% | 156.36% | 157.3% | 146.27% |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Stock Issued | 0 | 0 | 0 | 1.5B | 1.3B | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -100M | 0 | 0 | 0 | 0 | 0 | 0 | -40M |
| Other Financing | -10M | 9M | -56M | 328M | 769M | -169M | -77M | -42M | 452M |
| Net Change in Cash | 77M▲ 0% | -95M▼ 223.4% | 121M▲ 227.4% | 313M▲ 158.7% | -125M▼ 139.9% | 251M▲ 300.8% | -110M▼ 143.8% | 5M▲ 104.5% | 1.75B▲ 34940.0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 432M | 509M | 414M | 535M | 848M | 723M | 974M | 864M | 869M |
| Cash at End | 509M | 414M | 535M | 848M | 723M | 974M | 864M | 869M | 2.62B |
| Free Cash Flow | 866M▲ 0% | 1.18B▲ 36.6% | 33M▼ 97.2% | -1.59B▼ 4921.2% | -928M▲ 41.7% | 1.16B▲ 225.4% | 1.29B▲ 10.7% | 1.46B▲ 13.4% | 2.35B▲ 61.0% |
| FCF Growth % | 168.94% | 36.61% | -97.21% | -4921.21% | 41.67% | 225.43% | 10.65% | 13.35% | 61.03% |
| FCF Margin % | 6.56% | 8.39% | 0.23% | -10.37% | -5.51% | 6.36% | 6.44% | 7.25% | 11.46% |
| FCF / Net Income % | 59.32% | 73.94% | 1.89% | -131.81% | -56.07% | 72.07% | 153.15% | 147.03% | 211.23% |
TELUS Corporation (TU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 15.67% | 18.03% | 17.2% | 18.81% | 13.35% | 12.77% | 9.58% | 4.81% | 5.82% | 6.67% |
| EBITDA Margin | 33.32% | 36.16% | 36.29% | 38.07% | 35.81% | 37.36% | 35.02% | 32.15% | 33.96% | 31.32% |
| Net Debt / EBITDA | 2.97x | 2.78x | 2.70x | 2.50x | 2.79x | 3.22x | 3.77x | 4.13x | 4.23x | 4.49x |
| Interest Coverage | 4.30x | 4.45x | 4.42x | 4.20x | 3.33x | 3.82x | 3.41x | 1.83x | 1.98x | - |
| CapEx / Revenue | 22.77% | 23.34% | 20.4% | 26.69% | 40.19% | 18.39% | 19.94% | 15.91% | 13.66% | 12.26% |
| Dividend Payout Ratio | 87.49% | 74.11% | 71.31% | 65.81% | 77.05% | 63.14% | 73.56% | 156.36% | 157.3% | 146.27% |
| Debt / Equity | 1.64x | 1.67x | 1.37x | 1.74x | 1.62x | 1.31x | 1.42x | 1.59x | 1.77x | 1.90x |
| EPS Growth | -10.43% | 28.16% | 1.52% | 8.21% | -35.17% | 30.85% | -6.5% | -49.57% | 15.52% | 7.46% |
TELUS Corporation (TU) stock FAQ — growth, dividends, profitability & financials explained
TELUS Corporation (TU) reported $20.51B in revenue for fiscal year 2025. This represents a 323% increase from $4.84B in 1998.
TELUS Corporation (TU) grew revenue by 1.8% over the past year. Growth has been modest.
Yes, TELUS Corporation (TU) is profitable, generating $1.11B in net income for fiscal year 2025 (5.4% net margin).
Yes, TELUS Corporation (TU) pays a dividend with a yield of 6.09%. This makes it attractive for income-focused investors.
TELUS Corporation (TU) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.
TELUS Corporation (TU) generated $1.66B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
TELUS Corporation (TU) has a dividend payout ratio of 146%. The high payout ratio may limit dividend growth.
TELUS Corporation (TU) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates