United States Cellular Corporation
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consum… Read more
United States Cellular Corporation (USM) - Net Assets
Latest net assets as of June 2025: $4.61 Billion USD
Based on the latest financial reports, United States Cellular Corporation (USM) has net assets worth $4.61 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.38 Billion) and total liabilities ($5.76 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.61 Billion |
| % of Total Assets | 44.46% |
| Annual Growth Rate | 16.8% |
| 5-Year Change | 3.88% |
| 10-Year Change | 29.01% |
| Growth Volatility | 51.66 |
United States Cellular Corporation - Net Assets Trend (1986–2024)
This chart illustrates how United States Cellular Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United States Cellular Corporation (1986–2024)
The table below shows the annual net assets of United States Cellular Corporation from 1986 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.61 Billion | -0.99% |
| 2023-12-31 | $4.65 Billion | +1.57% |
| 2022-12-31 | $4.58 Billion | +0.17% |
| 2021-12-31 | $4.57 Billion | +3.11% |
| 2020-12-31 | $4.44 Billion | +5.09% |
| 2019-12-31 | $4.22 Billion | +3.51% |
| 2018-12-31 | $4.08 Billion | +10.57% |
| 2017-12-31 | $3.69 Billion | +1.15% |
| 2016-12-31 | $3.65 Billion | +2.08% |
| 2015-12-31 | $3.57 Billion | +7.79% |
| 2014-12-31 | $3.31 Billion | -2.83% |
| 2013-12-31 | $3.41 Billion | -10.16% |
| 2012-12-31 | $3.80 Billion | +3.23% |
| 2011-12-31 | $3.68 Billion | +4.04% |
| 2010-12-31 | $3.53 Billion | +2.26% |
| 2009-12-31 | $3.46 Billion | +6.15% |
| 2008-12-31 | $3.26 Billion | +0.50% |
| 2007-12-31 | $3.24 Billion | +6.92% |
| 2006-12-31 | $3.03 Billion | +8.32% |
| 2005-12-31 | $2.80 Billion | +6.42% |
| 2004-12-31 | $2.63 Billion | +2.82% |
| 2003-12-31 | $2.56 Billion | +3.49% |
| 2002-12-31 | $2.47 Billion | +3.69% |
| 2001-12-31 | $2.38 Billion | +5.89% |
| 2000-12-31 | $2.25 Billion | -2.85% |
| 1999-12-31 | $2.32 Billion | +16.14% |
| 1998-12-31 | $1.99 Billion | +18.45% |
| 1997-12-31 | $1.68 Billion | +10.19% |
| 1996-12-31 | $1.53 Billion | +11.11% |
| 1995-12-31 | $1.37 Billion | +20.89% |
| 1994-12-31 | $1.14 Billion | +16.70% |
| 1993-12-31 | $974.50 Million | +102.56% |
| 1992-12-31 | $481.10 Million | +24.41% |
| 1991-12-31 | $386.70 Million | +230.51% |
| 1990-12-31 | $117.00 Million | +39.78% |
| 1989-12-31 | $83.70 Million | -3.01% |
| 1988-12-31 | $86.30 Million | +185.76% |
| 1987-12-31 | $30.20 Million | +139.68% |
| 1986-12-31 | $12.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to United States Cellular Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 282140000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.82 Billion | 61.57% |
| Common Stock | $88.00 Million | 1.92% |
| Other Components | $1.67 Billion | 36.51% |
| Total Equity | $4.58 Billion | 100.00% |
United States Cellular Corporation Competitors by Market Cap
The table below lists competitors of United States Cellular Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sylvania Platinum Limited
OTCGREY:SAPLF
|
$144.66 Million |
|
Zhejiang Changhua Auto Parts Co Ltd
SHG:605018
|
$144.68 Million |
|
Zhejiang Haisen Pharmaceutical Co. Ltd. A
SHE:001367
|
$144.69 Million |
|
Bin Chuan Enterprise Co Ltd
TWO:1569
|
$144.71 Million |
|
Genfit SA
PINK:GNFTF
|
$144.56 Million |
|
Jmicron Technology
TWO:4925
|
$144.51 Million |
|
Asia Cuanon Tech (Shanghai)
SHG:603378
|
$144.49 Million |
|
Fundamental Global Inc.
NASDAQ:FGNXP
|
$144.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United States Cellular Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,626,000,000 to 4,577,000,000, a change of -49,000,000 (-1.1%).
- Net loss of 39,000,000 reduced equity.
- Share repurchases of 54,000,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-39.00 Million | -0.85% |
| Share Repurchases | $54.00 Million | -1.18% |
| Other Changes | $44.00 Million | +0.96% |
| Total Change | $- | -1.06% |
Book Value vs Market Value Analysis
This analysis compares United States Cellular Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 22.24x to 0.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-12-31 | $0.44 | $9.70 | x |
| 1987-12-31 | $1.09 | $9.70 | x |
| 1988-12-31 | $3.14 | $9.70 | x |
| 1989-12-31 | $2.91 | $9.70 | x |
| 1990-12-31 | $3.90 | $9.70 | x |
| 1991-12-31 | $9.82 | $9.70 | x |
| 1992-12-31 | $8.35 | $9.70 | x |
| 1993-12-31 | $16.99 | $9.70 | x |
| 1994-12-31 | $13.80 | $9.70 | x |
| 1995-12-31 | $15.87 | $9.70 | x |
| 1996-12-31 | $17.16 | $9.70 | x |
| 1997-12-31 | $18.87 | $9.70 | x |
| 1998-12-31 | $21.49 | $9.70 | x |
| 1999-12-31 | $24.80 | $9.70 | x |
| 2000-12-31 | $24.37 | $9.70 | x |
| 2001-12-31 | $25.96 | $9.70 | x |
| 2002-12-31 | $28.05 | $9.70 | x |
| 2003-12-31 | $28.82 | $9.70 | x |
| 2004-12-31 | $29.84 | $9.70 | x |
| 2005-12-31 | $31.34 | $9.70 | x |
| 2006-12-31 | $33.97 | $9.70 | x |
| 2007-12-31 | $36.12 | $9.70 | x |
| 2008-12-31 | $36.54 | $9.70 | x |
| 2009-12-31 | $39.05 | $9.70 | x |
| 2010-12-31 | $40.23 | $9.70 | x |
| 2011-12-31 | $42.36 | $9.70 | x |
| 2012-12-31 | $43.81 | $9.70 | x |
| 2013-12-31 | $40.02 | $9.70 | x |
| 2014-12-31 | $39.21 | $9.70 | x |
| 2015-12-31 | $41.94 | $9.70 | x |
| 2016-12-31 | $42.75 | $9.70 | x |
| 2017-12-31 | $42.76 | $9.70 | x |
| 2018-12-31 | $46.63 | $9.70 | x |
| 2019-12-31 | $47.69 | $9.70 | x |
| 2020-12-31 | $50.70 | $9.70 | x |
| 2021-12-31 | $52.26 | $9.70 | x |
| 2022-12-31 | $52.95 | $9.70 | x |
| 2023-12-31 | $53.17 | $9.70 | x |
| 2024-12-31 | $53.22 | $9.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United States Cellular Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.03%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.28x
- Recent ROE (-0.85%) is below the historical average (1.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | -20.63% | -37.14% | 0.17x | 3.20x | $-3.86 Million |
| 1987 | -13.58% | -39.81% | 0.16x | 2.13x | $-7.12 Million |
| 1988 | -7.65% | -36.46% | 0.15x | 1.40x | $-15.23 Million |
| 1989 | -22.37% | -45.41% | 0.23x | 2.11x | $-26.48 Million |
| 1990 | -13.08% | -23.33% | 0.23x | 2.49x | $-25.94 Million |
| 1991 | -6.41% | -24.52% | 0.16x | 1.62x | $-62.44 Million |
| 1992 | 1.32% | 3.78% | 0.19x | 1.82x | $-40.87 Million |
| 1993 | -2.65% | -10.27% | 0.20x | 1.30x | $-121.29 Million |
| 1994 | 1.49% | 4.93% | 0.22x | 1.39x | $-93.96 Million |
| 1995 | 7.50% | 20.25% | 0.26x | 1.41x | $-33.25 Million |
| 1996 | 8.80% | 18.35% | 0.34x | 1.41x | $-17.72 Million |
| 1997 | 6.84% | 12.71% | 0.35x | 1.54x | $-51.43 Million |
| 1998 | 11.12% | 18.66% | 0.38x | 1.56x | $21.88 Million |
| 1999 | 13.22% | 21.22% | 0.40x | 1.54x | $73.34 Million |
| 2000 | 8.71% | 11.24% | 0.50x | 1.57x | $-28.55 Million |
| 2001 | 7.44% | 9.18% | 0.51x | 1.59x | $-59.69 Million |
| 2002 | -0.59% | -0.65% | 0.46x | 1.95x | $-255.79 Million |
| 2003 | 2.43% | 2.35% | 0.52x | 1.97x | $-188.84 Million |
| 2004 | 4.21% | 3.84% | 0.55x | 2.00x | $-149.79 Million |
| 2005 | 4.92% | 4.44% | 0.56x | 1.98x | $-139.36 Million |
| 2006 | 6.00% | 5.17% | 0.61x | 1.90x | $-119.84 Million |
| 2007 | 9.85% | 7.98% | 0.70x | 1.76x | $-4.88 Million |
| 2008 | 1.03% | 0.78% | 0.76x | 1.74x | $-287.67 Million |
| 2009 | 6.35% | 5.13% | 0.73x | 1.69x | $-124.42 Million |
| 2010 | 3.80% | 3.17% | 0.70x | 1.70x | $-215.73 Million |
| 2011 | 4.84% | 4.03% | 0.69x | 1.75x | $-186.96 Million |
| 2012 | 2.97% | 2.49% | 0.68x | 1.76x | $-262.38 Million |
| 2013 | 4.13% | 3.57% | 0.61x | 1.90x | $-199.08 Million |
| 2014 | -1.30% | -1.10% | 0.60x | 1.96x | $-373.01 Million |
| 2015 | 6.78% | 6.04% | 0.57x | 1.98x | $-114.70 Million |
| 2016 | 1.32% | 1.22% | 0.55x | 1.96x | $-315.40 Million |
| 2017 | 0.33% | 0.31% | 0.57x | 1.86x | $-355.70 Million |
| 2018 | 3.70% | 3.78% | 0.55x | 1.79x | $-255.70 Million |
| 2019 | 3.03% | 3.16% | 0.49x | 1.95x | $-292.70 Million |
| 2020 | 5.19% | 5.67% | 0.42x | 2.19x | $-212.10 Million |
| 2021 | 3.41% | 3.76% | 0.40x | 2.27x | $-299.70 Million |
| 2022 | 0.66% | 0.72% | 0.37x | 2.44x | $-425.40 Million |
| 2023 | 1.17% | 1.38% | 0.36x | 2.32x | $-408.60 Million |
| 2024 | -0.85% | -1.03% | 0.36x | 2.28x | $-496.70 Million |
Industry Comparison
This section compares United States Cellular Corporation's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United States Cellular Corporation (USM) | $4.61 Billion | -20.63% | 1.25x | $144.59 Million |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |