Monday 2 November 2026
Export TIMB’s income statement to Excel — free account
TIM S.A. Sponsored ADR
TIMB Communication Services Telecom Services
TIM S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 1.07% from fiscal 2024.
- Revenue
- +18.3%
- EPS
- +14.3%
- Free cash flow
- +17.8%
- Total debt
- +13.6%
Quarter to June 2026, against a year earlier
17.77
0.09
+0.51%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 8 | 6 | 6 | 5 | 7 | 5 | 8 | 9 | 7 |
P/E ratio |
26.74 | 25.44 | 11.04 | 10.56 | 24.64 | 10.21 | 16.73 | 15.33 | 9.97 | 12.08 |
P/S ratio |
1.33 | 1.91 | 1.60 | 2.10 | 2.01 | 1.68 | 1.24 | 1.83 | 1.21 | 1.97 |
Altman Z-Score |
1.60 | 2.23 | — | 2.45 | — | 1.78 | 1.36 | 1.90 | — | 2.00 |
Altman Z″-Score (non-manufacturers) |
2.39 | 2.46 | — | 3.10 | — | 2.94 | 1.58 | 2.05 | — | 1.90 |
P/FCF ratio |
33.30 | 24.46 | 11.81 | 11.37 | 7.26 | 6.34 | 5.70 | 5.52 | 3.95 | 5.89 |
P/Operating CF |
8.26 | 9.75 | 8.62 | 10.09 | 8.90 | 10.51 | 7.45 | 9.35 | 6.48 | 12.98 |
Beneish M-Score |
(3.00) | (3.04) | (2.97) | (3.03) | (3.49) | (3.21) | (2.85) | (3.18) | (3.13) | (3.27) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 34 |
P/B ratio |
1.21 | 1.71 | 1.37 | 1.63 | 1.50 | 1.21 | 1.05 | 1.68 | 1.16 | 2.19 |
Price to Tangible BV |
3.17 | 4.54 | 2.98 | 2.86 | 2.45 | 2.09 | 2.98 | 4.21 | 2.66 | 5.59 |
EV/Sales |
1.50 | 2.07 | 1.69 | 2.45 | 2.29 | 1.78 | 1.73 | 2.21 | 1.52 | 2.29 |
EV/EBITDA |
4.51 | 5.66 | 4.49 | 4.41 | 4.74 | 3.40 | 3.74 | 4.45 | 3.08 | 4.54 |
EV/Operating CF |
4.71 | 6.23 | 4.67 | 6.01 | 4.55 | 3.19 | 3.96 | 4.24 | 3.13 | 4.53 |
EV/FCF |
37.69 | 26.52 | 12.46 | 13.23 | 8.26 | 6.70 | 7.94 | 6.65 | 4.96 | 6.85 |
Quick Ratio |
1.19 | 0.88 | 0.68 | 0.76 | 0.96 | 1.23 | 0.64 | 0.71 | 0.84 | 0.74 |
Current Ratio |
1.39 | 1.05 | 0.85 | 1.04 | 1.25 | 1.45 | 0.79 | 0.89 | 0.99 | 0.89 |
Net Debt/EBITDA |
0.53 | 0.44 | 0.23 | 0.62 | 0.57 | 0.18 | 1.06 | 0.75 | 0.63 | 0.63 |
Debt/Assets |
24.31% | 19.64% | 10.63% | 22.15% | 23.21% | 23.36% | 27.56% | 25.73% | 24.82% | 26.06% |
Debt/Equity |
0.49 | 0.35 | 0.17 | 0.40 | 0.42 | 0.46 | 0.61 | 0.55 | 0.53 | 0.62 |
Asset Turnover |
0.43 | 0.50 | 0.49 | 0.46 | 0.37 | 0.39 | 0.41 | 0.43 | 0.44 | 0.46 |
Operating CF/Net income |
6.65 | 4.38 | 2.41 | 1.95 | 4.74 | 3.41 | 5.64 | 4.38 | 3.91 | 3.12 |
Capex/Depreciation |
(1.15) | (1.03) | (0.97) | (0.75) | (0.70) | (0.93) | (0.69) | (0.63) | (0.65) | (0.64) |
Interest Coverage |
1.23 | 1.91 | 2.54 | 3.21 | 2.26 | 2.15 | 1.14 | 1.71 | 1.95 | 1.89 |
| 4.26% | 7.29% | 12.55% | 16.54% | 6.97% | 11.98% | 6.76% | 11.22% | 11.57% | 16.81% | |
| 2.07% | 3.84% | 7.35% | 9.68% | 3.88% | 6.33% | 3.21% | 5.17% | 5.44% | 7.48% | |
ROIC |
4.47% | 5.82% | 7.10% | 9.93% | 6.27% | 8.75% | 5.49% | 8.45% | 10.03% | 12.21% |
Return on Tangible Assets |
5.39% | 11.00% | 25.13% | 20.18% | 9.05% | 12.80% | 8.39% | 13.55% | 13.92% | 20.12% |
Average Days of Receivables |
70.17 | 58.67 | 61.91 | 67.59 | 65.44 | 62.57 | 58.45 | 58.05 | 67.64 | 67.20 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
38.28% | 36.96% | 38.74% | 38.58% | 35.42% | 35.14% | 34.39% | 31.48% | 30.28% | 28.90% |
Intangible Assets out of Total Assets |
0.31 | 0.35 | 0.33 | 0.24 | 0.22 | 0.21 | 0.29 | 0.28 | 0.26 | 0.26 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.35) | (0.22) | (0.23) | (0.26) | (0.23) | (0.31) | (0.77) | (0.41) | (0.56) | (0.37) |
Graham Number |
10.26 | 14.45 | 18.71 | 21.87 | 10.87 | 15.70 | 12.10 | 16.90 | 16.39 | 17.95 |
Earnings Yield |
3.74% | 3.93% | 9.06% | 9.47% | 4.06% | 9.79% | 5.98% | 6.52% | 10.03% | 8.28% |
Free Cash Flow Yield |
3.00% | 4.09% | 8.47% | 8.80% | 13.77% | 15.77% | 17.56% | 18.10% | 25.35% | 16.97% |
Revenue per Share |
9.25 | 10.51 | 9.60 | 9.10 | 6.92 | 6.91 | 8.62 | 9.86 | 9.75 | 9.88 |
Operating CF per Share |
2.96 | 3.50 | 3.46 | 3.70 | 3.48 | 3.86 | 3.77 | 5.14 | 4.72 | 4.99 |
Capex per Share |
(2.59) | (2.68) | (2.17) | (2.02) | (1.56) | (2.02) | (1.89) | (1.86) | (1.74) | (1.68) |
Free Cash Flow per Share |
0.37 | 0.82 | 1.30 | 1.68 | 1.92 | 1.84 | 1.88 | 3.28 | 2.98 | 3.30 |
Cash per Share |
3.37 | 2.45 | 1.08 | 1.55 | 1.97 | 3.80 | 1.99 | 2.21 | 2.33 | 2.35 |
Shareholders Equity per Share |
10.18 | 11.75 | 11.19 | 11.74 | 9.29 | 9.61 | 10.16 | 10.76 | 10.12 | 8.90 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
10.18 | 11.75 | 11.19 | 11.74 | 9.29 | 9.61 | 10.16 | 10.76 | 10.12 | 8.90 |
Free Cash Flow |
178.77 | 397.78 | 628.59 | 813.73 | 927.82 | 888.40 | 910.13 | 1,585.64 | 1,442.63 | 1,593.73 |
Working Capital |
810.17 | 119.94 | (294.74) | 85.31 | 409.26 | 886.95 | (533.37) | (296.18) | (30.46) | (311.09) |
Capital Expenditures |
(1,252.50) | (1,294.79) | (1,048.41) | (976.47) | (754.91) | (979.07) | (916.28) | (902.21) | (843.64) | (813.38) |
Net Current Asset Value |
(2,110.33) | (2,142.85) | (1,686.72) | (2,397.92) | (1,563.66) | (1,725.89) | (3,999.24) | (3,573.34) | (3,199.96) | (3,492.02) |
EV/EBIT |
16.50 | 17.42 | 11.84 | 9.41 | 14.09 | 8.55 | 11.81 | 11.15 | 7.01 | 9.60 |
Capex to Sales |
0.28 | 0.25 | 0.23 | 0.22 | 0.23 | 0.29 | 0.22 | 0.19 | 0.18 | 0.17 |
Price to Operating Income |
14.58 | 16.07 | 11.23 | 8.09 | 12.39 | 8.10 | 8.47 | 9.27 | 5.57 | 8.26 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.34 | 0.37 | 0.35 | 0.29 | 0.31 | 0.31 | 0.30 | 0.32 | 0.31 | 0.31 |
Cash ROIC |
1.99% | 4.48% | 9.15% | 9.36% | 12.67% | 10.27% | 10.23% | 17.37% | 16.75% | 19.71% |
Accounts Receivable Turnover |
5.17 | 6.06 | 5.79 | 5.49 | 4.73 | 5.70 | 6.72 | 6.69 | 5.78 | 5.44 |
Accounts Payable Turnover |
2.05 | 2.16 | 1.73 | 1.73 | 1.94 | 2.58 | 2.89 | 2.64 | 2.39 | 2.38 |
Inventory Turnover |
52.19 | 60.58 | 47.43 | 37.08 | 31.23 | 36.65 | 49.58 | 41.05 | 36.48 | 37.11 |
Average Days of Payables |
164.20 | 187.99 | 204.90 | 192.62 | 142.81 | 141.25 | 145.14 | 146.43 | 153.05 | 152.91 |
Days of Inventory on Hand |
6.83 | 5.84 | 8.68 | 9.98 | 11.26 | 8.76 | 8.09 | 10.53 | 9.01 | 10.63 |
Average Receivables |
866.66 | 839.01 | 802.68 | 801.75 | 707.99 | 587.09 | 620.71 | 713.54 | 816.81 | 876.12 |
Average Payables |
1,073.92 | 1,120.44 | 1,215.73 | 1,088.49 | 800.54 | 606.21 | 713.10 | 872.28 | 924.19 | 922.46 |
Average Inventory |
42.27 | 40.02 | 44.43 | 50.80 | 49.68 | 42.69 | 41.63 | 56.10 | 60.44 | 59.20 |
Average Assets |
10,372.26 | 10,073.11 | 9,477.05 | 9,484.05 | 9,152.69 | 8,656.23 | 10,078.90 | 10,997.46 | 10,755.85 | 10,320.45 |
Average Common Equity |
5,048.66 | 5,306.31 | 5,550.41 | 5,550.05 | 5,090.84 | 4,574.90 | 4,785.91 | 5,065.23 | 5,053.21 | 4,594.89 |
Columns are period end dates