TIGO
Millicom International Cellular SA
NASDAQ: TIGO · COMMUNICATION SERVICES · TELECOM SERVICES
$82.22
+0.18% today
Updated 2026-04-29
Market cap
$13.78B
P/E ratio
10.50
P/S ratio
2.37x
EPS (TTM)
$7.83
Dividend yield
3.65%
52W range
$27 – $85
Volume
1.4M
Millicom International Cellular SA (TIGO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.58B | $2.63B | $3.15B | $3.37B | $3.92B | $4.53B | $4.81B | $4.39B | $6.39B | $6.57B | $4.11B | $4.08B | $3.95B | $4.34B | $4.17B | $4.26B | $5.62B | $5.66B | $5.80B | $5.82B |
| Revenue growth (YoY) | — | +66.9% | +19.8% | +7.1% | +16.2% | +15.5% | +6.3% | -8.8% | +45.5% | +2.9% | -37.5% | -0.7% | -3.2% | +9.9% | -3.8% | +2.2% | +32.0% | +0.7% | +2.5% | +0.3% |
| Cost of revenue | $653.46M | $1.05B | $1.21B | $1.32B | $1.45B | $1.75B | $1.96B | $1.86B | $2.85B | $3.07B | $2.06B | $2.50B | $2.42B | $2.80B | $2.86B | $2.79B | $1.51B | $3.46B | $1.42B | $1.31B |
| Gross profit | $922.64M | $1.58B | $1.94B | $2.05B | $2.47B | $2.78B | $2.85B | $2.52B | $3.53B | $3.50B | $2.04B | $1.58B | $1.53B | $1.54B | $1.31B | $1.48B | $4.12B | $2.20B | $4.38B | $4.51B |
| Gross margin | 58.5% | 60.1% | 61.7% | 60.8% | 63.1% | 61.3% | 59.2% | 57.5% | 55.3% | 53.2% | 49.7% | 38.7% | 38.7% | 35.5% | 31.5% | 34.6% | 73.2% | 38.9% | 75.5% | 77.5% |
| R&D | — | — | — | — | — | — | — | — | — | $193.00M | — | — | — | — | — | — | — | — | — | — |
| SG&A | $530.21M | $987.63M | $1.23B | $530.01M | $645.25M | $746.00M | $956.00M | $1.10B | $1.43B | $847.00M | $618.00M | $577.00M | $669.00M | $497.00M | $478.00M | $503.00M | $494.00M | $614.00M | $553.00M | $995.00M |
| Operating income | $432.11M | $662.93M | $829.66M | $861.98M | $1.09B | $1.32B | $1.19B | $631.00M | $936.00M | $882.00M | $381.00M | $436.00M | $410.00M | $430.00M | $240.00M | $404.00M | $915.00M | $773.00M | $1.34B | $1.64B |
| Operating margin | 27.4% | 25.2% | 26.3% | 25.6% | 27.8% | 29.2% | 24.7% | 14.4% | 14.7% | 13.4% | 9.3% | 10.7% | 10.4% | 9.9% | 5.8% | 9.5% | 16.3% | 13.7% | 23.1% | 28.2% |
| EBITDA | $735.73M | $1.09B | $1.33B | $1.48B | $2.73B | $2.01B | $1.95B | $1.25B | $4.57B | $1.52B | $1.25B | $1.31B | $1.26B | $1.73B | $1.38B | $2.16B | $2.16B | $2.19B | $2.36B | $2.82B |
| EBITDA margin | 46.7% | 41.4% | 42.1% | 43.8% | 69.6% | 44.3% | 40.5% | 28.6% | 71.5% | 23.2% | 30.5% | 32.2% | 32.1% | 39.9% | 33.0% | 50.7% | 38.4% | 38.6% | 40.6% | 48.4% |
| EBIT | $477.97M | $733.88M | $806.94M | $865.06M | $2.05B | $1.27B | $1.14B | $469.00M | $3.41B | $242.00M | $374.00M | $473.00M | $463.00M | $631.00M | $168.00M | $1.05B | $796.00M | $847.00M | $1.12B | $1.54B |
| Interest expense | $0.00 | $0.00 | $135.93M | $173.47M | $214.81M | $187.00M | $220.00M | $267.00M | $426.00M | $425.00M | $352.00M | $352.00M | $362.00M | $552.00M | $609.00M | $489.00M | $617.00M | $711.00M | $571.00M | $589.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $244.76M | $438.52M | $517.52M | $561.93M | $1.62B | $888.77M | $508.00M | $231.00M | $2.62B | $-559.00M | $-45.00M | $47.00M | $19.00M | $75.00M | $-344.00M | $590.00M | $57.00M | $-82.00M | $253.00M | $1.32B |
| Net income growth (YoY) | — | +79.2% | +18.0% | +8.6% | +188.9% | -45.3% | -42.8% | -54.5% | +1034.2% | -121.3% | +91.9% | +204.4% | -59.6% | +294.7% | -558.7% | +271.5% | -90.3% | -243.9% | +408.5% | +420.2% |
| Profit margin | 15.5% | 16.7% | 16.4% | 16.7% | 41.4% | 19.6% | 10.6% | 5.3% | 41.0% | -8.5% | -1.1% | 1.2% | 0.5% | 1.7% | -8.2% | 13.8% | 1.0% | -1.4% | 4.4% | 22.6% |