Millicom International Cellular S.A. Financial Ratios
NASDAQ: TIGOTelecommunicationsTelecommunications EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Millicom International Cellular S.A. ratio analysis
Millicom International Cellular S.A. earned a net margin of 22.6% in FY 2025, up from 4.4% a year earlier. Gross margin was 77.5% compared with a median of 72.1% over the prior 9 years. Return on equity reached 36.2%, meaning Millicom International Cellular S.A. generated 0.36 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 1.89 versus 1.60 the year before. At the end of FY 2025, TIGO traded at 7.2 times earnings; across the 5 fiscal years shown, its year-end P/E ranged from 6.2 to 32.4, with a median of 9.9. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Millicom International Cellular S.A. financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 7.22 | 16.77 | — | 9.94 | 6.23 | — | 32.43 | — | — | — |
| Price / sales | 1.63 | 0.72 | 0.54 | 0.31 | 0.86 | 1.31 | 1.12 | — | — | — |
| Price / book | 2.60 | 1.16 | 0.87 | 0.49 | 1.42 | 2.42 | 2.01 | — | — | — |
| Gross margin | 77.5% | 75.5% | 73.4% | 73.2% | 71.9% | 72.1% | 72.3% | 71.7% | 70.3% | 70.9% |
| Operating margin | 28.2% | 23.1% | 14.6% | 16.3% | 14.5% | 10.6% | 13.3% | 16.2% | 16.1% | 12.1% |
| Net margin | 22.6% | 4.4% | -1.4% | 3.1% | 13.8% | -9.0% | 3.4% | -0.3% | 2.2% | -0.8% |
| Free cash flow margin | 18.6% | 18.3% | 7.2% | 8.6% | 5.1% | 5.2% | 1.5% | 4.1% | 4.3% | 3.9% |
| Return on equity (ROE) | 36.2% | 7.0% | -2.3% | 4.9% | 22.8% | -16.7% | 6.2% | -0.4% | 2.8% | -1.0% |
| Return on assets (ROA) | 7.6% | 1.8% | -0.6% | 1.2% | 3.9% | -2.8% | 1.2% | -0.1% | 0.9% | -0.3% |
| Debt / equity | 1.89 | 1.60 | 1.90 | 1.89 | 3.00 | 2.76 | 2.48 | 1.80 | 1.22 | — |
| Revenue growth | 0.3% | 2.5% | 0.7% | 32.0% | 12.0% | -12.2% | 9.9% | 0.3% | -2.6% | — |
| EPS growth | 436.3% | — | -137.8% | -72.2% | — | -280.4% | — | -111.6% | — | — |