Telus Corporation (TU) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Feb 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TU SEC filings page.
Telus Corporation (TU) reported $15.0B in revenue for fiscal year 2025, up 5.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Telus Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Telus Corporation has an operating margin of 11.5%, meaning the company retains $12 of operating profit per $100 of revenue. This strong profitability earns a score of 73/100, reflecting efficient cost management and pricing power. This is down from 13.8% the prior year.
Telus Corporation's revenue grew 5.6% year-over-year to $15.0B, a solid pace of expansion. This earns a growth score of 28/100.
Telus Corporation has elevated debt relative to equity (D/E of 1.74), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.
Telus Corporation's current ratio of 0.86 is below the typical benchmark, resulting in a score of 14/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Telus Corporation converts 10.4% of revenue into free cash flow ($1.6B). This strong cash generation earns a score of 66/100.
Telus Corporation's ROE of 7.1% shows moderate profitability relative to equity, earning a score of 58/100. This is up from 6.4% the prior year.
Telus Corporation passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Telus Corporation generates $4.37 in operating cash flow ($3.5B OCF vs $811.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Telus Corporation earns $1.95 in operating income for every $1 of interest expense ($1.7B vs $885.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Telus Corporation generated $15.0B in revenue in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Telus Corporation's EBITDA was $4.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.4% from the prior year.
Telus Corporation reported $811.7M in net income in fiscal year 2025. This represents an increase of 17.7% from the prior year.
Telus Corporation earned $0.53 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.9% from the prior year.
Cash & Balance Sheet
Telus Corporation generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1.7% from the prior year.
Telus Corporation held $1.9B in cash against $20.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Telus Corporation's gross margin was 88.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Telus Corporation's operating margin was 11.5% in fiscal year 2025, reflecting core business profitability. This is down 2.2 percentage points from the prior year.
Telus Corporation's net profit margin was 5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.
Telus Corporation's ROE was 7.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Capital Allocation
Telus Corporation invested $2.0B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.0B+5.6% | $14.2B-7.1% | $15.2B+12.0% | $13.6B+0.7% | $13.5B+11.4% | $12.1B+7.2% | $11.3B+7.4% | $10.5B-1.7% | $10.7B+12.4% | $9.5B |
| Cost of Revenue | $1.8B+0.8% | $1.7B-4.5% | $1.8B+7.0% | $1.7B-1.3% | $1.7B+9.8% | $1.6B-3.2% | $1.6B+5.3% | $1.5B-2.5% | $1.6B+15.1% | $1.4B |
| Gross Profit | $13.2B+6.3% | $12.4B-7.4% | $13.4B+12.7% | $11.9B+1.0% | $11.8B+11.6% | $10.6B+9.0% | $9.7B+7.7% | $9.0B-1.6% | $9.1B+11.9% | $8.2B |
| Operating Income | $1.7B-11.5% | $1.9B+8.8% | $1.8B-18.0% | $2.2B-9.3% | $2.4B+23.6% | $1.9B-15.3% | $2.3B+10.5% | $2.1B-5.0% | $2.2B+34.7% | $1.6B |
| EBITDA | $4.7B-1.4% | $4.8B-2.5% | $4.9B+2.9% | $4.7B-3.8% | $4.9B+14.3% | $4.3B+0.5% | $4.3B+14.5% | $3.7B-4.6% | $3.9B+24.5% | $3.1B |
| Interest Expense | $885.4M-20.8% | $1.1B+13.8% | $981.7M+104.7% | $479.6M-24.5% | $635.5M+4.2% | $610.1M+6.9% | $570.9M+16.3% | $491.1M+6.0% | $463.4M+19.0% | $389.5M |
| Income Tax | $309.9M+53.9% | $201.4M+19.8% | $168.2M-62.3% | $446.3M-1.7% | $453.9M+28.4% | $353.6M-2.1% | $361.1M-10.8% | $404.6M-14.2% | $471.4M+48.6% | $317.3M |
| Net Income | $811.7M+17.7% | $689.6M+8.3% | $637.0M-46.6% | $1.2B-7.9% | $1.3B+36.9% | $946.4M-29.7% | $1.3B+14.9% | $1.2B-5.8% | $1.2B+36.7% | $910.9M |
| EPS (Basic) | $0.53+14.4% | $0.47+5.9% | $0.44-48.8% | $0.86-11.0% | $0.96+29.2% | $0.74 | $1.12 | $1.96-6.5% | $2.10+36.9% | $1.53 |
| EPS (Diluted) | $0.53+12.9% | $0.47+5.9% | $0.44-48.3% | $0.85-11.0% | $0.95+29.5% | $0.74 | $1.12 | $1.96-6.5% | $2.10+36.9% | $1.53 |
| Diluted Shares (Avg) | 1.53B+2.8% | 1.49B+2.5% | 1.46B+3.8% | 1.40B+3.8% | 1.35B+5.7% | 1.28B | 1.20B | 597M+0.7% | 593M0.0% | 593M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
TU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $43.5B+7.9% | $40.3B-5.2% | $42.5B+6.4% | $40.0B+6.4% | $37.6B+10.7% | $33.9B+15.8% | $29.3B+21.0% | $24.2B-2.3% | $24.8B+20.1% | $20.7B |
| Current Assets | $6.1B+32.6% | $4.6B-3.7% | $4.8B+6.2% | $4.5B+14.3% | $3.9B+7.4% | $3.7B+9.2% | $3.4B+19.3% | $2.8B-8.9% | $3.1B+67.7% | $1.8B |
| Cash & Equivalents | $1.9B+216.7% | $603.5M-7.8% | $654.4M-9.1% | $719.8M+27.2% | $565.9M-14.9% | $664.9M+61.1% | $412.7M+36.0% | $303.4M-25.4% | $406.6M+26.4% | $321.8M |
| Accounts Receivable | $2.8B+8.1% | $2.6B-6.0% | $2.7B+11.2% | $2.5B+17.2% | $2.1B+13.2% | $1.8B+22.0% | $1.5B+29.1% | $1.2B-9.1% | $1.3B+17.7% | $1.1B |
| Goodwill | $7.6B+4.0% | $7.3B-3.7% | $7.6B+12.9% | $6.7B+18.6% | $5.7B+1.3% | $5.6B+37.1% | $4.1B+17.7% | $3.5B+2.8% | $3.4B+20.0% | $2.8B |
| Total Liabilities | $31.4B+9.6% | $28.6B-2.7% | $29.4B+9.3% | $26.9B+7.7% | $25.0B+3.8% | $24.1B+14.2% | $21.1B+26.6% | $16.6B-3.5% | $17.3B+17.0% | $14.7B |
| Current Liabilities | $7.1B+3.4% | $6.8B-4.9% | $7.2B+17.2% | $6.1B-5.4% | $6.5B+39.8% | $4.6B+7.7% | $4.3B+21.1% | $3.6B-11.8% | $4.0B+9.2% | $3.7B |
| Non-Current Liabilities | $24.3B+11.5% | $21.8B-2.0% | $22.2B+7.0% | $20.8B+12.3% | $18.5B-4.8% | $19.4B+15.9% | $16.8B+28.1% | $13.1B-1.0% | $13.2B+19.6% | $11.1B |
| Long-Term Debt | $20.0B+12.5% | $17.8B+0.5% | $17.7B+6.4% | $16.6B+18.5% | $14.0B-5.1% | $14.8B+11.8% | $13.2B+36.0% | $9.7B-0.7% | $9.8B+13.3% | $8.6B |
| Total Equity | $11.5B+6.1% | $10.8B-11.1% | $12.2B-0.3% | $12.2B+3.5% | $11.8B+25.3% | $9.4B+16.0% | $8.1B+8.2% | $7.5B0.0% | $7.5B+27.6% | $5.9B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3.2B | N/A | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.
TU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.5B+5.4% | $3.4B-1.2% | $3.4B-4.1% | $3.6B+3.5% | $3.4B-4.2% | $3.6B+18.4% | $3.0B+1.9% | $3.0B-5.7% | $3.2B+31.5% | $2.4B |
| Depreciation & Amortization | $3.0B+5.6% | $2.8B-9.1% | $3.1B+20.8% | $2.6B+1.3% | $2.5B+6.6% | $2.4B+18.8% | $2.0B+19.7% | $1.7B-4.1% | $1.7B+13.7% | $1.5B |
| Capital Expenditures | $2.0B+8.6% | $1.8B-7.7% | $2.0B-18.3% | $2.4B-2.5% | $2.5B+19.1% | $2.1B-2.0% | $2.1B+22.4% | $1.7B-12.1% | $2.0B+13.1% | $1.8B |
| Free Cash Flow | $1.6B+1.7% | $1.5B+7.8% | $1.4B+26.6% | $1.1B+19.6% | $939.2M-37.0% | $1.5B+67.4% | $891.1M-27.4% | $1.2B+5.2% | $1.2B+82.0% | $641.3M |
| Investing Cash Flow | -$2.2Bn/m | -$2.6Bn/m | -$3.6Bn/m | -$4.0Bn/m | -$4.3Bn/m | -$4.8Bn/m | -$3.9Bn/m | -$2.2Bn/m | -$2.9Bn/m | -$2.2B |
| Financing Cash Flow | -$54.0Mn/m | -$793.1M-853.2% | $105.3M-83.2% | $626.7M-16.0% | $745.9M-50.0% | $1.5B+56.3% | $955.1Mn/m | -$861.9Mn/m | -$181.4Mn/m | -$64.8M |
| Dividends Paid | $1.2B+9.5% | $1.1B+8.9% | $996.1M+13.5% | $877.9M+7.3% | $817.9M+12.2% | $729.2M-17.7% | $886.4M+6.0% | $836.3M-3.3% | $864.4M+8.5% | $797.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $73.3M | N/A | $33.5M |
Not reported in any period shown, so not listed: Stock-Based Compensation.
TU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.3%+0.6pp | 87.7%-0.3pp | 88.1%+0.6pp | 87.5%+0.3pp | 87.3%+0.2pp | 87.1%+1.4pp | 85.7%+0.3pp | 85.4%+0.1pp | 85.3%-0.3pp | 85.6% |
| Operating Margin | 11.5%-2.2pp | 13.8%+2.0pp | 11.7%-4.3pp | 16.0%-1.8pp | 17.8%+1.8pp | 16.1%-4.3pp | 20.3%+0.6pp | 19.8%-0.7pp | 20.4%+3.4pp | 17.1% |
| Net Margin | 5.4%+0.6pp | 4.9%+0.7pp | 4.2%-4.6pp | 8.8%-0.8pp | 9.6%+1.8pp | 7.8%-4.1pp | 11.9%+0.8pp | 11.1%-0.5pp | 11.6%+2.1pp | 9.6% |
| Return on Equity | 7.1%+0.7pp | 6.4%+1.1pp | 5.2%-4.5pp | 9.8%-1.2pp | 10.9%+0.9pp | 10.0%-6.5pp | 16.6%+1.0pp | 15.6%-1.0pp | 16.6%+1.1pp | 15.4% |
| Return on Assets | 1.9%+0.2pp | 1.7%+0.2pp | 1.5%-1.5pp | 3.0%-0.5pp | 3.5%+0.7pp | 2.8%-1.8pp | 4.6%-0.2pp | 4.8%-0.2pp | 5.0%+0.6pp | 4.4% |
| Current Ratio | 0.86+0.2x | 0.670.0x | 0.67-0.1x | 0.74+0.1x | 0.61-0.2x | 0.790.0x | 0.780.0x | 0.790.0x | 0.77+0.3x | 0.50 |
| Debt-to-Equity | 1.74+0.1x | 1.64+0.2x | 1.45+0.1x | 1.36+0.2x | 1.19-0.4x | 1.57-0.1x | 1.63+0.3x | 1.290.0x | 1.30-0.2x | 1.47 |
| Liabilities-to-Equity | 2.73+0.1x | 2.64+0.2x | 2.41+0.2x | 2.20+0.1x | 2.11-0.4x | 2.550.0x | 2.59+0.4x | 2.21-0.1x | 2.29-0.2x | 2.50 |
| Asset Turnover | 0.340.0x | 0.350.0x | 0.360.0x | 0.340.0x | 0.360.0x | 0.360.0x | 0.390.0x | 0.430.0x | 0.430.0x | 0.46 |
| FCF Margin | 10.4%-0.4pp | 10.8%+1.5pp | 9.3%+1.1pp | 8.3%+1.3pp | 7.0%-5.3pp | 12.3%+4.4pp | 7.9%-3.8pp | 11.7%+0.8pp | 10.9%+4.2pp | 6.7% |
Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Telus Corporation TU | FY2025 | $15.0B | $811.7M | 5.4% | $14.0B | 42/100 |
| BCE, Inc. BCE | FY2025 | $17.8B | $4.8B | 26.6% | $18.6B | 48/100 |
| Strive, Inc. 15% Series A Perpetual SATS Preferred Stock SATS | FY2025 | $15.0B | -$14.5B | -96.6% | $30.1B | 11/100 |
| Rogers Communications, Inc. RCI | FY2025 | $15.8B | $5.0B | 31.8% | $17.2B | 53/100 |
| Charter Comm Inc Del CL A New CHTR | FY2025 | $54.8B | $5.0B | 9.1% | $12.3B | 44/100 |
Where Telus Corporation Ranks
Frequently Asked Questions
What is Telus Corporation's annual revenue?
Telus Corporation (TU) reported $15.0B in total revenue for fiscal year 2025. This represents a 5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Telus Corporation's revenue growing?
Telus Corporation (TU) revenue grew by 5.6% year-over-year, from $14.2B to $15.0B in fiscal year 2025.
Is Telus Corporation profitable?
Yes, Telus Corporation (TU) reported a net income of $811.7M in fiscal year 2025, with a net profit margin of 5.4%.
What is Telus Corporation's EBITDA?
Telus Corporation (TU) had EBITDA of $4.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Telus Corporation have?
As of fiscal year 2025, Telus Corporation (TU) had $1.9B in cash and equivalents against $20.0B in long-term debt.
What is Telus Corporation's gross margin?
Telus Corporation (TU) had a gross margin of 88.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Telus Corporation's operating margin?
Telus Corporation (TU) had an operating margin of 11.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Telus Corporation's net profit margin?
Telus Corporation (TU) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Telus Corporation's return on equity (ROE)?
Telus Corporation (TU) has a return on equity of 7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Telus Corporation's free cash flow?
Telus Corporation (TU) generated $1.6B in free cash flow during fiscal year 2025. This represents a 1.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Telus Corporation's operating cash flow?
Telus Corporation (TU) generated $3.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Telus Corporation's total assets?
Telus Corporation (TU) had $43.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Telus Corporation's capital expenditures?
Telus Corporation (TU) invested $2.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Telus Corporation's current ratio?
Telus Corporation (TU) had a current ratio of 0.86 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Telus Corporation's debt-to-equity ratio?
Telus Corporation (TU) had a debt-to-equity ratio of 1.74 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Telus Corporation's liabilities-to-equity ratio?
Telus Corporation (TU) had a liabilities-to-equity ratio of 2.73 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Telus Corporation's return on assets (ROA)?
Telus Corporation (TU) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Telus Corporation's P/E ratio?
Telus Corporation (TU) trades at 17.2x earnings, its market capitalization divided by $811.7M net income, FY2025. The market capitalization is $14.0B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Telus Corporation's price-to-sales ratio?
Telus Corporation (TU) trades at 0.9x sales, its market capitalization divided by $15.0B revenue, FY2025. The market capitalization is $14.0B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Telus Corporation's Piotroski F-Score?
Telus Corporation (TU) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Telus Corporation's earnings high quality?
Telus Corporation (TU) has an earnings quality ratio of 4.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Telus Corporation cover its interest payments?
Telus Corporation (TU) has an interest coverage ratio of 1.95x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Telus Corporation?
Telus Corporation (TU) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.