Array Digital Infrastructure (AD) vs Millicom International Cellular S.A. (TIGO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Millicom International Cellular S.A. (TIGO) has outperformed Array Digital Infrastructure (AD) over the past year, gaining 86.9% versus a loss of 30.9%. Over five years, TIGO leads with a +148.5% price change compared with +8.0% for AD. Millicom International Cellular S.A. is the larger company by market cap ($14.75 billion vs $2.91 billion), about 5.1 times the size, while Array Digital Infrastructure is growing revenue faster (+58.3% vs +0.3%).
On valuation, Millicom International Cellular S.A. trades at a lower forward P/E (12.5x vs 34.7x for Array Digital Infrastructure). Array Digital Infrastructure offers the higher dividend yield (32.68% vs 3.41%). Array Digital Infrastructure converts more of its revenue into profit, with a net margin of 29.9% versus 22.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AD | TIGO |
|---|---|---|
| Share price | $33.66 | $87.95 |
| Market cap | $2.91B | $14.75B |
| 1-day change | -1.41% | -2.30% |
| YTD return | -36.33% | +63.73% |
| 1-year return | -30.89% | +86.88% |
| 5-year return | +7.97% | +148.48% |
| P/E ratio (TTM) | 4.39 | 22.21 |
| Forward P/E | 34.70 | 12.48 |
| EPS (TTM) | $7.67 | $3.96 |
| Dividend yield | 32.68% | 3.41% |
| Annual dividend | $11.00 | $3.00 |
| Revenue (latest FY) | $162.96M | $5.82B |
| Revenue growth (YoY) | +58.32% | +0.26% |
| Net income (latest FY) | $48.76M | $1.32B |
| Gross margin | 51.22% | 77.47% |
| Operating margin | -56.78% | 28.17% |
| Net margin | 29.92% | 22.62% |
| 52-week high | $60.82 | $107.13 |
| 52-week low | $32.86 | $44.88 |
| Distance from 52-week high | -44.66% | -17.90% |
| Analyst consensus | none | hold |
| Avg. price target upside | +28.73% | +11.87% |
| Average volume | 204.38K | 1.10M |
| Shares outstanding | 53.47M | 167.71M |
| Employees | 60 | 14,250 |
| Sector | Telecommunications | Telecommunications |
| Industry | Telecommunications Equipment | Telecommunications Equipment |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Millicom International Cellular S.A. is about 5.1 times larger than Array Digital Infrastructure by market value ($14.75B vs $2.91B).
- TIGO has outperformed AD by 117.8 percentage points over the past year.
- Millicom International Cellular S.A. trades at a higher earnings multiple (22.2x vs 4.4x trailing P/E).
- Array Digital Infrastructure offers a meaningfully higher dividend yield (32.68% vs 3.41%).
- Array Digital Infrastructure is more profitable, keeping 29.9 cents of every revenue dollar as net income versus 22.6 cents for Millicom International Cellular S.A..
- Array Digital Infrastructure grew revenue faster in its latest fiscal year (+58.32% vs +0.26%).
About Array Digital Infrastructure
AD stock →Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States.
Telecommunications · Telecommunications Equipment · 60 employees
About Millicom International Cellular S.A.
TIGO stock →Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America.
Telecommunications · Telecommunications Equipment · 14,250 employees
AD vs TIGO FAQ
Which is bigger, Array Digital Infrastructure or Millicom International Cellular S.A.?
Millicom International Cellular S.A. (TIGO) is larger, with a market capitalization of $14.75B compared with $2.91B for Array Digital Infrastructure (AD).
Which stock has performed better over the past year, AD or TIGO?
TIGO returned +86.88% over the past 12 months, compared with -30.89% for AD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AD or TIGO?
AD has the lower trailing P/E at 4.4, versus 22.2 for TIGO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Array Digital Infrastructure or Millicom International Cellular S.A.?
Array Digital Infrastructure has the higher yield at 32.68%, compared with 3.41% for Millicom International Cellular S.A..
Are Array Digital Infrastructure and Millicom International Cellular S.A. in the same industry?
Yes. Both are classified in the Telecommunications Equipment industry within the Telecommunications sector.