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) Return on equity

Alert me on Return on equity

Millicom International Cellular SA's return on equity over the twelve months to 30 June 2026 was 22.2%, down 14.4 percentage points from fiscal 2025 (36.6%). Over the past ten years it has ranged from −15.0% (fiscal 2015) to 36.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Telecom Services industry median of 6.00% and above the Communication Services sector median of 0.00%.

Return on equity, annual

Embed this chart

Annual newest first

Period Return on equity Change (points)
FY2025 36.6% 29.37
FY2024 7.21% 9.53
FY2023 −2.32% (7.87)
FY2022 5.55% (17.98)
FY2021 23.5% 37.42
FY2020 −13.9% (19.34)
FY2019 5.45% 5.78
FY2018 −0.33% (2.92)
FY2017 2.59% 3.49
FY2016 −0.90% 14.09

Against its own ten years

Low −15.0% High 36.6%
Ten-year median 2.59%
Current reading's percentile 100

Return on equity against peers

Company Return on equity
CHTR Charter Communications, Inc. compare 23.3%
TIGO Millicom International Cellular SA 22.2%
TIMB TIM S.A. Sponsored ADR compare 17.3%
VIV Telefonica Brasil S.A. compare 9.89%
KT KT Corporation compare 6.53%
SKM SK Telecom Co., Ltd. compare 5.30%
TLK PT Telekomunikasi Indonesia, Tbk compare 0.00%
TELFY Telefonica SA compare −17.3%
GSAT Globalstar, Inc. compare −25.5%
Telecom Services industry median 6.00%
Communication Services sector median 0.00%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

More on TIGO