TIGO

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Millicom International Cellular S.A.

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Key Metrics

Previous Close: $88.75
52-Week Range: $44.88 – $107.13
Market Cap: $15.17B
P/E (TTM): 22.56
EPS (TTM): 4.01
Dividend Yield: 3.38%

Advanced Metrics

Price/Book: 4.82
PEG Ratio: 0.51
Return on Equity: 21.73%
Return on Assets: 5.87%
Gross Margin: 76.55%
Operating Margin: 20.74%
Profit Margin: 9.18%
Current Ratio: 0.54
Debt/Equity: 4.85
Total Debt: $12.09B
Free Cash Flow: $1.88B
Revenue Growth: 59.40%
Earnings Growth: -84.00%
Enterprise Value: $26.44B

TIGO Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$5.62B	$5.66B	$5.80B	$5.82B
Cost of Revenue	$1.51B	$1.51B	$1.42B	$1.31B
Gross Profit	$4.12B	$4.15B	$4.38B	$4.51B
Selling, General & Admin	$1.06B	$1.15B	$1.08B	$995.00M
Operating Expenses	$3.23B	$3.37B	$3.11B	$3.00B
Operating Income	$885.00M	$779.00M	$1.27B	$1.50B
EBITDA	$2.16B	$2.11B	$2.36B	$3.53B
Pretax Income	$238.00M	$175.00M	$552.00M	$1.67B
Income Tax	$222.00M	$424.00M	$281.00M	$303.00M
Net Income	$177.00M	-$82.00M	$253.00M	$1.32B
Diluted EPS	1.27	0.48	1.46	7.83
Diluted Shares	139.69M	171.40M	172.56M	168.00M

TIGO Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.04B	$775.00M	$699.00M	$1.55B
Receivables	$699.00M	$741.00M	$677.00M	$969.00M
Inventory	$53.00M	$45.00M	$44.00M	$70.00M
Current Assets	$2.07B	$1.92B	$2.38B	$2.98B
Total Assets	$14.20B	$14.52B	$13.74B	$17.25B
Current Liabilities	$2.12B	$2.33B	$3.12B	$3.39B
Long-Term Debt	$6.62B	$6.48B	$5.53B	$6.56B
Total Debt	$7.82B	$7.74B	$6.77B	$9.47B
Total Liabilities	$10.56B	$11.07B	$10.16B	$13.63B
Retained Earnings	$2.87B	$2.70B	$2.88B	$3.09B
Shareholders' Equity	$3.60B	$3.53B	$3.63B	$3.64B
Working Capital	-$54.00M	-$413.00M	-$736.00M	-$407.00M
Net Debt	$5.76B	$5.92B	$5.12B	$5.33B

TIGO Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.28B	$1.22B	$1.60B	$1.73B
Capital Expenditure	-$1.07B	-$1.18B	-$769.00M	-$814.00M
Free Cash Flow	$212.00M	$40.00M	$834.00M	$920.00M
Depreciation & Amortisation	$1.36B	$1.34B	$1.23B	$1.28B
Stock-Based Compensation	$29.00M	$52.00M	$50.00M	$14.00M
Investing Cash Flow	-$1.10B	-$1.12B	-$604.00M	-$374.00M
Financing Cash Flow	-$1.00M	-$377.00M	-$1.07B	-$485.00M
Dividends Paid	$0.00	$0.00	$0.00	-$754.00M
Share Repurchases	$0.00	-$5.00M	-$99.00M	-$119.00M
Net Change in Cash	$179.00M	-$270.00M	-$68.00M	$875.00M

TIGO Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.37B	$1.37B	$1.42B	$1.65B	$1.99B
Cost of Revenue	$314.00M	$316.00M	$313.00M	$367.00M	$479.00M
Gross Profit	$1.05B	$1.06B	$1.11B	$1.28B	$1.51B
Operating Expenses	$646.00M	$713.00M	$731.00M	$880.00M	$1.08B
Operating Income	$408.00M	$343.00M	$376.00M	$405.00M	$427.00M
EBITDA	$720.00M	$1.21B	$753.00M	$853.00M	$824.00M
Pretax Income	$287.00M	$774.00M	$289.00M	$312.00M	$154.00M
Income Tax	$71.00M	$102.00M	$85.00M	$45.00M	$78.00M
Net Income	$193.00M	$676.00M	$195.00M	$252.00M	$109.00M
Diluted EPS	1.14	4.03	1.16	1.50	0.65
Diluted Shares	169.97M	167.63M	167.69M	167.55M	167.53M

TIGO Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$534.00M	$1.28B	$1.66B	$1.55B	$1.18B
Receivables	$656.00M	$650.00M	$699.00M	$969.00M	$1.26B
Inventory	$56.00M	$74.00M	$68.00M	$70.00M	$97.00M
Current Assets	$2.22B	$2.83B	$3.13B	$2.98B	$3.10B
Total Assets	$13.66B	$15.00B	$15.59B	$17.25B	$20.75B
Current Liabilities	$2.92B	$3.19B	$3.37B	$3.39B	$5.05B
Long-Term Debt	$5.52B	$5.56B	$5.82B	$6.56B	$7.39B
Total Debt	$7.12B	$7.93B	$8.44B	$9.47B	$11.72B
Total Liabilities	$10.31B	$11.50B	$12.28B	$13.63B	$17.58B
Retained Earnings	$2.95B	$3.06B	$2.83B	$3.09B	$2.89B
Shareholders' Equity	$3.39B	$3.54B	$3.34B	$3.64B	$3.14B
Working Capital	-$699.00M	-$354.00M	-$239.00M	-$407.00M	-$1.94B
Net Debt	$5.24B	$4.63B	$4.60B	$5.33B	$7.45B

TIGO Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$348.00M	$446.00M	$463.00M	$477.00M	$590.00M
Capital Expenditure	-$216.00M	-$211.00M	-$196.00M	-$191.00M	-$321.00M
Free Cash Flow	$132.00M	$235.00M	$267.00M	$286.00M	$269.00M
Depreciation & Amortisation	$297.00M	$297.00M	$316.00M	$370.00M	$467.00M
Stock-Based Compensation	$3.00M	$6.00M	$3.00M	$2.00M	$1.00M
Investing Cash Flow	-$129.00M	$364.00M	-$174.00M	-$435.00M	-$1.05B
Financing Cash Flow	-$364.00M	-$51.00M	$87.00M	-$157.00M	$92.00M
Dividends Paid	-$170.00M	-$125.00M	-$125.00M	-$334.00M	-$125.00M
Share Repurchases	-$119.00M	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	-$144.00M	$758.00M	$376.00M	-$115.00M	-$370.00M

Market Snapshot

About

Millicom International Cellular S.A. is a telecommunications and media company operating in Latin America under the Tigo brand. The company provides mobile and fixed-line services, broadband internet, cable television, and digital financial services. Millicom serves millions of customers across Central and South American markets.