Liberty Latin America Ltd.
LILA Communication Services Telecom Services
Liberty Latin America Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 1.46%, EPS grew 93.9%, free cash flow grew 4,952.6% and total debt rose 5.57%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Liberty Latin America Ltd. (LILA) Beneish M-score
Liberty Latin America Ltd.'s Beneish M-score for fiscal 2025 is −3.13; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −3.13 | (0.15) |
| FY2024 | −2.97 | (0.23) |
| FY2023 | −2.74 | 0.05 |
| FY2022 | −2.79 | 0.08 |
| FY2021 | −2.87 | 0.09 |
| FY2020 | −2.95 | (0.04) |
| FY2019 | −2.91 | (0.24) |
| FY2018 | −2.67 | 0.26 |
| FY2017 | −2.93 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.95 | — | 0.88 | |
| Gross margin index | 0.91 | — | 0.48 | |
| Asset quality index | 0.97 | — | 0.39 | |
| Sales growth index | 1.00 | — | 0.89 | |
| Depreciation index | 1.00 | — | 0.12 | |
| SG&A index SG&A not reported — index set to 1 | 1.00 | — | Set to 1 | −0.17 |
| Total accruals to total assets | (0.11) | — | −0.52 | |
| Leverage index | 1.06 | — | −0.35 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.13 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| LBTYA Liberty Global Ltd compare | −4.0× |
| LBTYK Liberty Global Ltd compare | −4.0× |
| KYIV Kyivstar Group Ltd. compare | −3.6× |
| TV Grupo Televisa S.A. compare | −3.2× |
| LILA Liberty Latin America Ltd. | −3.1× |
| LILAK Liberty Global PLC compare | −3.0× |
| TEO Telecom Argentina Stet - France Telecom S.A. compare | −2.6× |
| IDT IDT Corporation compare | −2.2× |
| ATEX Anterix Inc. compare | −1.6× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI