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TIGO · Nasdaq · United States · Radiotelephone Communications
In shortMILLICOM INTERNATIONAL CELLULAR SA is profitable, generates cash and carries moderate debt, with revenue stable (+0.3% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 28.2% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 22.6% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 36.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 12.7% | 85/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | – | n/a |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.89× | 6/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.83× | 62/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.33× | 8/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 18.6% | 95/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.82× | 65/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 13.5% | 61/100 |
| Operating margin volatility | 6.1% | 54/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.1% | 23/100 |
|---|---|---|
| EPS growth, 3-year average | 83.4% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 4,261 | 5,624 | 5,661 | 5,804 | 5,819 |
| Cost of revenue | 1,197 | 1,506 | 1,507 | 1,420 | 1,311 |
| Gross profit | 3,063 | 4,118 | 4,154 | 4,384 | 4,508 |
| Operating income | 619 | 915 | 826 | 1,342 | 1,639 |
| Interest expense | 495 | 617 | 712 | 716 | 702 |
| Pre-tax income | 728 | 238 | 175 | 552 | 1,665 |
| Income tax | 158 | 222 | 424 | 281 | 303 |
| Net income | 590 | 177 | (82) | 253 | 1,316 |
| Diluted EPS | $4.57 | $1.27 | −$0.48 | $1.46 | $7.83 |
| Diluted shares (millions) | 129 | 140 | 171 | 173 | 168 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 24, 2026