Rankings
▼
Calendar
TIGO (Millicom International Cellular S.A.) Stock Financials & Earnings | Market Cap Arena
TIGO
Millicom International Cellular S.A.
Mkt Cap
$12B
Communication Services
·
Telecommunications Services
·
🇱🇺 Luxembourg
·
NASDAQ
Revenue (TTM)
$5.8B
Net Income (TTM)
$1.3B
EPS (TTM)
$7.83
Free Cash Flow (TTM)
$1.2B
Gross Margin
72.3%
Op. Margin
26.7%
Net Margin
22.6%
FCF Margin
20.1%
P/S Ratio (TTM)
2.1x
P/E Ratio (TTM)
9.2x
YoY Rev Growth
+0.2%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$1.4B
$666M
$176M
Q2 23
$1.4B
$685M
$187M
Q3 23
$1.4B
$724M
$196M
Q4 23
$1.5B
$741M
$214M
Q1 24
$1.5B
$771M
$298M
Q2 24
$1.5B
$800M
$329M
Q3 24
$1.4B
$790M
$286M
Q4 24
$1.4B
$1.1B
$374M
Q1 25
$1.4B
$761M
$338M
Q2 25
$1.4B
$1.1B
$357M
Q3 25
$1.4B
$1.1B
$390M
Q4 25
$1.7B
$1.3B
$469M
marketcaparena.com
Revenue Breakdown
TIGO
Millicom International Cellular S.A.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.2x
319.8x
Q2 23
2.2x
1736.1x
Q3 23
2.2x
328.5x
Q4 23
2.1x
—
Q1 24
2.1x
2025.5x
Q2 24
2.1x
114.6x
Q3 24
2.1x
76.9x
Q4 24
2.1x
48.0x
Q1 25
2.1x
34.3x
Q2 25
2.2x
12.8x
Q3 25
2.2x
11.1x
Q4 25
2.1x
9.2x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$243M
$15M
Q2 23
$278M
$2M
Q3 23
$347M
$128M
Q4 23
$389M
$183M
Q1 24
$248M
$117M
Q2 24
$476M
$299M
Q3 24
$433M
$284M
Q4 24
$435M
$279M
Q1 25
$364M
$232M
Q2 25
$495M
$310M
Q3 25
$507M
$339M
Q4 25
$477M
$291M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$228M
Q2 23
$276M
Q3 23
$219M
Q4 23
$207M
Q1 24
$131M
Q2 24
$177M
Q3 24
$149M
Q4 24
$157M
Q1 25
$132M
Q2 25
$185M
Q3 25
$169M
Q4 25
$186M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-2.8%
+1.0%
Q2 23
-3.7%
-0.5%
Q3 23
+2.6%
+3.0%
Q4 23
+6.8%
+9.0%
Q1 24
+8.6%
-0.3%
Q2 24
+4.7%
-6.4%
Q3 24
+0.5%
-6.8%
Q4 24
-3.2%
-16.4%
Q1 25
-7.6%
-12.9%
Q2 25
-5.9%
-10.1%
Q3 25
-0.8%
-10.0%
Q4 25
+15.7%
+12.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$13M
0.9%
Q3 23
$15M
1.1%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$10M
0.7%
Q3 24
$23M
1.6%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
SG&A
Quarter
SG&A
Q1 23
$490M
Q2 23
$498M
Q3 23
$528M
Q4 23
$527M
Q1 24
$473M
Q2 24
$471M
Q3 24
$504M
Q1 25
$423M
Q2 25
$416M
Q3 25
$412M
Q4 25
$508M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$903M
$0
$903M
Q2 23
$697M
$0
$697M
Q3 23
$759M
$0
$759M
Q4 23
$775M
$0
$775M
Q1 24
$622M
$0
$622M
Q2 24
$792M
$0
$792M
Q3 24
$803M
$0
$803M
Q4 24
$699M
$0
$699M
Q1 25
$534M
$0
$534M
Q2 25
$1.3B
$0
$1.3B
Q3 25
$1.7B
$0
$1.7B
Q4 25
$1.6B
$0
$1.6B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
171M
-0.3%
Q2 23
171M
+0.2%
Q3 23
173M
+1.1%
Q4 23
172M
-0.8%
Q1 24
172M
+0.3%
Q2 24
173M
+0.4%
Q3 24
173M
-0.1%
Q4 24
173M
+0.0%
Q1 25
170M
-1.6%
Q2 25
168M
-1.4%
Q3 25
168M
+0.3%
Q4 25
168M
-0.1%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$960K
7K
FY 15
$988K
7K
FY 16
$617K
7K
FY 17
$613K
7K
FY 18
$193K
20K
FY 19
$194K
22K
FY 20
$195K
21K
FY 21
$206K
21K
FY 22
$289K
19K
FY 23
$343K
17K
FY 24
$341K
17K
FY 25
$342K
17K
marketcaparena.com