Millicom International Cellular (TIGO) Change in Working Capital (2009 - 2025)
Millicom International Cellular's Change in Working Capital was -$63 million in Q4 2025, compared with $28 million a year earlier.
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Analysis
Millicom International Cellular (TIGO) Change in Working Capital (2009 - 2025) Analysis & Trends
For FY2025, Change in Working Capital at Millicom International Cellular came in at -$137 million.
- In earlier years, Change in Working Capital was -$97 million in FY2024, -$123 million in FY2023, -$151 million in FY2022 and -$81 million in FY2021.
- Quarterly Change in Working Capital has moved between -$202 million (Q1 2024) and $73 million (Q4 2022) over five years.
- Per Business Quant data, TIGO's Change in Working Capital in the three quarters before Q4 2025 was -$18 million (Q3 2025), $24 million (Q2 2025) and -$80 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 336.00 Mn |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | - |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | - |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | - |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | - |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | - |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | - |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | - |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | - |
| 10 | Millicom International Cellular | 14.93 Bn | 7.24 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -63.00 Mn |
| Sep 30, 2025 | -18.00 Mn |
| Jun 30, 2025 | 24.00 Mn |
| Mar 31, 2025 | -80.00 Mn |
| Dec 31, 2024 | 28.00 Mn |
| Sep 30, 2024 | 28.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | -202.00 Mn |
| Dec 31, 2023 | 21.00 Mn |
| Sep 30, 2023 | 18.00 Mn |
| Jun 30, 2023 | -38.00 Mn |
| Mar 31, 2023 | -124.00 Mn |
| Dec 31, 2022 | 73.00 Mn |
| Sep 30, 2022 | -24.00 Mn |
| Dec 31, 2021 | -94.67 Mn |
| Dec 31, 2020 | -21.93 Mn |
| Mar 31, 2019 | -139.00 Mn |
| Mar 31, 2018 | -77.00 Mn |
| Jun 30, 2012 | -58.00 Mn |
| Mar 31, 2012 | -38.00 Mn |
API Access
Millicom International Cellular Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "TIGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();