Millicom International Cellular SA

TIGO Communication Services Telecom Services

Millicom International Cellular SA’s revenue for fiscal 2025 (year ended December 2025) was $5.8 billion, roughly unchanged from fiscal 2024.

Revenue
+59.4%
EPS
−84.0%
Free cash flow
+66.1%
Total debt
+47.9%

Quarter to June 2026, against a year earlier

79.09 2.00 +2.59%
Market cap
$13.3B
P/E
19.9×
Fwd P/E
23.4×
Dividend yield
2.84%
F-score
7/9
Altman Z
1.18
Beneish M
−2.15
Dividend safety
42/100

Millicom International Cellular SA (TIGO) Free cash flow margin

Alert me on Free cash flow margin

Millicom International Cellular SA's free cash flow margin over the twelve months to 30 June 2026 was 17.0%, down 0.2 percentage points from fiscal 2025 (17.3%). Over the past ten years it has ranged from −1.89% (fiscal 2019) to 17.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Telecom Services industry median of 2.87% and above the Communication Services sector median of 1.75%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 17.3% 1.88
FY2024 15.4% 14.36
FY2023 1.01% (3.13)
FY2022 4.14% 1.98
FY2021 2.16% 2.02
FY2020 0.14% 2.03
FY2019 −1.89% (6.10)
FY2018 4.21% (1.19)
FY2017 5.40% 4.72
FY2016 0.68% (6.24)

Against its own ten years

Low −1.89% High 17.3%
Ten-year median 4.14%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
GSAT Globalstar, Inc. compare 167.8%
TIMB TIM S.A. Sponsored ADR compare 33.0%
VIV Telefonica Brasil S.A. compare 19.1%
TIGO Millicom International Cellular SA 17.0%
SKM SK Telecom Co., Ltd. compare 8.75%
CHTR Charter Communications, Inc. compare 8.01%
TELFY Telefonica SA compare 4.54%
KT KT Corporation compare 4.11%
TLK PT Telekomunikasi Indonesia, Tbk compare 0.00%
Telecom Services industry median 2.87%
Communication Services sector median 1.75%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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