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. In the quarter to June 2026, revenue grew 18.3%, EPS grew 14.3%, free cash flow grew 17.8% and total debt rose 13.6%, each against the same quarter a year earlier.
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TIM S.A. Sponsored ADR (TIMB) Piotroski F-score
TIM S.A. Sponsored ADR's Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, down from 9 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 7 | (2.00) |
| FY2024 | 9 | 1.00 |
| FY2023 | 8 | 3.00 |
| FY2022 | 5 | (2.00) |
| FY2021 | 7 | 2.00 |
| FY2020 | 5 | (1.00) |
| FY2019 | 6 | 0.00 |
| FY2018 | 6 | (2.00) |
| FY2017 | 8 | 3.00 |
| FY2016 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 7.48% | 5.44% | Pass | 1 |
| Positive operating cash flow | 2.41b | 2.29b | Pass | 1 |
| Rising return on assets | 7.48% | 5.44% | Pass | 1 |
| Cash flow above net income | 1.63b | 1.70b | Pass | 1 |
| Falling long-term leverage | 0.24 | 0.23 | Fail | 0 |
| Rising current ratio | 0.89 | 0.99 | Fail | 0 |
| No new shares issued | 482,713,800 | 483,966,200 | Pass | 1 |
| Rising gross margin | 53.93% | 53.26% | Pass | 1 |
| Rising asset turnover | 0.46 | 0.44 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| KT KT Corporation compare | 8 |
| IRDM Iridium Communications Inc compare | 7 |
| TIGO Millicom International Cellular SA compare | 7 |
| TIMB TIM S.A. Sponsored ADR | 7 |
| SKM SK Telecom Co., Ltd. compare | 6 |
| LBTYB Liberty Global Ltd compare | 5 |
| TLK PT Telekomunikasi Indonesia, Tbk compare | 5 |
| LUMN Lumen Technologies, Inc. compare | 4 |
| GSAT Globalstar, Inc. compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover