TU
TELUS Corporation
TU lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to decline, though they disagree widely on how much.
TU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Weak |
TU's cash flow is currently healthy, and its revenue is stable, but its profitability and balance sheet are under pressure.
TU PE Valuation
TU has no meaningful PE right now: it lost money over the past year.
TU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect TU's profitability to improve, but its earnings to decline. However, they disagree widely on these estimates.
TU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.40 | -189% |
| Q1 2026 | $0.42 | -25% |
| Q4 2025 | $0.51 | +8.5% |
| Q3 2025 | $0.54 | +23% |
| Q2 2025 | $0.45 | +22% |
| Q1 2025 | $0.56 | +56% |
| Q4 2024 | $0.47 | +15% |
| Q3 2024 | $0.44 | +13% |
TU has swung to a loss: it lost $0.40 per share over the past year, after a profit the year before.
TU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.5B | -2.2% |
| Q1 2026 | $3.5B | -0.6% |
| Q4 2025 | $3.7B | -1.9% |
| Q3 2025 | $3.6B | +0.5% |
| Q2 2025 | $3.5B | +2.7% |
| Q1 2025 | $3.5B | +3.1% |
| Q4 2024 | $3.7B | +3.4% |
| Q3 2024 | $3.5B | +1% |
TU's revenue grew through 2023 and has held roughly level since: $3.5B last quarter, down 2.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 15% | +11 points |
| Q1 2026 | 17% | +1.5 points |
| Q4 2025 | 13% | -1 points |
| Q3 2025 | 15% | -1 points |
| Q2 2025 | 3.5% | -10 points |
| Q1 2025 | 15% | +3.2 points |
| Q4 2024 | 14% | +1.4 points |
| Q3 2024 | 16% | +5.3 points |
TU's operating margin was 15% last quarter, up 11 points from the same quarter a year ago.
TU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $485.1M | +21% |
| Q1 2026 | -$17.6M | -106% |
| Q4 2025 | $352.2M | +$607.4M |
| Q3 2025 | $506.8M | -4.3% |
| Q2 2025 | $399.3M | -43% |
| Q1 2025 | $297.4M | +2921% |
| Q4 2024 | -$255.2M | -158% |
| Q3 2024 | $529.4M | +40% |
TU generated $1.3B in free cash flow over the past year, up 37% from the year before.
TU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +12M shares |
| 1 year | +2.9% | +44M shares |
| 3 years | +8.4% | +122M shares |
| 5 years | +16% | +215M shares |
| Available history | +31% | +370M shares |
TU has 1.6B diluted shares, up 2.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
TU hasn't bought back shares in the past year.
TU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 4.1x | High |
| Q1 2026 | 4.0x | High |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.1x | High |
| Q4 2024 | 4.1x | High |
| Q3 2024 | 4.2x | High |
TU's net debt is about 4.1 years of its operating earnings (EBITDA), about the same as a year ago.
TU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.3 | Neutral |
| Stochastic | 43.4 | Neutral |
TU's weekly RSI is 34 (neutral) and its Stochastic is 43 (neutral).
TU PE vs Communication Services Sector
| Metric | TU | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
TU has no meaningful PE right now: it lost money over the past year.
TU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.50 | 0.2% above |
| 20 week MA | $9.27 | 8.1% below |
| 50 week MA | $11.4 | 25% below |
| 100 week MA | $13.3 | 36% below |
| 200 week MA | $15.5 | 45% below |
TU has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 45% below its 200-week average.
TU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.3 | $20.0 | +3.3% |
| 2021 | $20.0 | $23.2 | +16% |
| 2022 | $23.2 | $19.7 | -15% |
| 2023 | $19.7 | $17.8 | -9.6% |
| 2024 | $17.8 | $13.5 | -24% |
| 2025 | $13.5 | $12.9 | -4.4% |
| 2026 YTD | $12.9 | $8.52 | -34% |
TU has finished four years in a row lower, and it's down 34% so far in 2026.