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stoqly.net Stock research from SEC filings Company report · November 1, 2026

Millicom International Cellular Sa

TIGO Nasdaq· Radiotelephone Communications

Last close · Oct 30, 2026

$79.57

KIRA · Stoqly’s AI analyst, in plain words

  • Millicom International Cellular Sa had $5.8B of revenue in fiscal 2025, up 0.3% on the year before. Over five years, revenue changed +8.9% a year on average.
  • Its operating margin was 28.2%, up 5.0 pts: of every 100 in sales, about 28 is left after running the business.
  • Millicom International Cellular Sa made $1.3B of net profit in fiscal 2025.
  • Free cash flow was $1.1B in fiscal 2025, 18.6% of revenue.
  • Millicom International Cellular Sa returned $873M to shareholders in fiscal 2025, 81% of free cash flow. The diluted share count fell 2.6%.
  • Millicom International Cellular Sa owes $5.3B more than it holds in cash, about 1.8 years of operating profit.

Market cap

$13.4B

P/E

10.2x

Revenue

$5.8B

Net income

$1.3B

Free cash flow

$1.1B

Operating margin

28.2%

Millicom International Cellular Sa in 30 seconds · fiscal 2025

So-so

Are sales growing?

+0.3%

Only a little. Sales grew 0.3% last year.

Good

Does it make a profit?

22.6%

Yes. It keeps 22.6% of every sale as profit.

Good

Does profit turn into cash?

18.6%

Yes. 18.6% of sales ends up as free cash.

So-so

Is debt under control?

1.8x

Keep an eye on it. Repaying its debt would take 1.8 years of operating profit.

Good

How healthy are the accounts?

7 / 8

Solid. It passes 7 of 8 health tests.

For information

How is the share priced?

10.2x

One share costs 10.2 times its yearly profit per share.

What Millicom International Cellular Sa does

No business description yet.

Fiscal year ends
December 31, 2025
Latest annual report
20-F · Mar 24, 2026
Legal name
MILLICOM INTERNATIONAL CELLULAR SA
CIK
0000912958
Source: stoqly.net · stoqly.net/companies/tigo · Generated November 1, 2026 Not investment advice · Page 1 of 3
stoqly.net Stock research from SEC filings Company report · November 1, 2026

Millicom International Cellular Sa · TIGO · stoqly.net

Results and finances

The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.

Fiscal yearFY21FY22FY23FY24FY25
Sales and profit
Revenue $4.3B $5.6B $5.7B $5.8B $5.8B
Revenue growth 12.0% 32.0% 0.7% 2.5% 0.3%
Gross margin 71.9% 73.2% 73.4% 75.5% 77.5%
Operating margin 14.5% 16.3% 14.6% 23.1% 28.2%
Net income $590M $177M −$82.0M $253M $1.3B
Net margin 13.8% 3.1% −1.4% 4.4% 22.6%
Diluted EPS $4.57 $1.27 −$0.48 $1.46 $7.83
Cash
Cash from operations $956M $1.3B $1.2B $1.6B $1.7B
Capital expenditure $740M $800M $814M $540M $650M
Free cash flow $216M $484M $409M $1.1B $1.1B
FCF margin 5.1% 8.6% 7.2% 18.3% 18.6%
Dividends paid $0.0M $0.0M $0.0M $0.0M $754M
Share buybacks $50.0M $0.0M $5.0M $99.0M $119M
Share count change 0.1% 8.2% 22.7% 0.7% −2.6%
Debt and strength
Cash and short-term investments $895M $1.0B $775M $699M $1.6B
Debt incl. finance leases $7.7B $6.8B $6.7B $5.8B $6.9B
Shareholders' equity $2.6B $3.6B $3.5B $3.6B $3.6B
Net debt / EBITDA 4.0x 2.6x 2.7x 2.0x 1.8x
Interest coverage 1.3x 1.5x 1.2x 1.9x 2.3x
Returns and quality
Return on capital 5.1% 6.3% 5.7% 10.0% 14.9%
Return on equity 25.4% 5.7% −2.3% 7.1% 36.2%
Piotroski F-score 4 6 4 7 7

Insiders bought, 12 months

$0.0M

0 insiders

Insiders sold, 12 months

$8.3M

6 insiders

Of sales under plans

0%

$0.0M

How to read these numbers

Revenue:
Total sales reported in the income statement.
Operating margin:
Operating income as a share of revenue.
Net income:
Profit after all expenses, interest and tax.
Free cash flow:
Cash from operations minus capital spending.
Net debt / EBITDA:
Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
Return on capital:
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Source: stoqly.net · stoqly.net/companies/tigo · Generated November 1, 2026 Not investment advice · Page 2 of 3
stoqly.net Stock research from SEC filings Company report · November 1, 2026

Millicom International Cellular Sa · TIGO · stoqly.net

Charts and comparison

Ten years at a glance, and how it stacks up against similar companies.

Revenue

Net income

Margins, % of revenue

Gross Operating Net

Cash vs debt (incl. leases)

Cash Debt

Free cash flow

Dividends and buybacks

Dividends Buybacks

KIRA

At $79.57 a share, the company is worth $13.4B: 10.2 times its earnings of the last four quarters.

Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0000912958). Latest version: stoqly.net/companies/tigo. Data updated November 1, 2026. For information only — not investment advice. Check the original filings before relying on any figure.