Millicom International Cellular (TIGO) EBITDA Margin (2009 - 2025)
Millicom International Cellular (TIGO) reported EBITDA Margin of 50.79% for Q4 2025, up 3.94 percentage points from 46.85% a year earlier and up 1.07 percentage points from the prior quarter.
Millicom International Cellular (TIGO) EBITDA Margin (2009 - 2025) Analysis & Trends
For FY2025, Millicom International Cellular posted EBITDA Margin of 45.14%, down 55.78 percentage points from FY2024.
- EBITDA Margin has a five-year change of +8.43 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 100.92% in FY2024 (+37.90 pp), 63.02% in FY2023 (+0.80 pp), 62.22% in FY2022 (+1.84 pp) and 60.38% in FY2021 (+23.67 pp).
- Five-year quarterly EBITDA Margin spans a low of 37.76% in Q2 2023 and a high of 52.49% in Q1 2025.
- Year over year, EBITDA Margin has now increased in each of the last eight quarters, with an average year-over-year change of +5.98 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q1 2025 (a gain of 8.24 percentage points); the low point was Q3 2023 (a drop of 0.42 percentage points).
- Per Business Quant data, the three quarters before Q4 2025 came in at 49.72% (Q3 2025), 47.62% (Q2 2025) and 52.49% (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 35.58% |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | 39.16% |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | 38.04% |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | -18.49% |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | 29.55% |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | - |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | 19.11% |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | -953.30% |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | -8.80% |
| 10 | Millicom International Cellular | 14.93 Bn | 7.24 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 50.79% |
| Sep 30, 2025 | 49.72% |
| Jun 30, 2025 | 47.62% |
| Mar 31, 2025 | 52.49% |
| Dec 31, 2024 | 46.85% |
| Sep 30, 2024 | 41.93% |
| Jun 30, 2024 | 44.51% |
| Mar 31, 2024 | 44.25% |
| Dec 31, 2023 | 38.64% |
| Sep 30, 2023 | 38.34% |
| Jun 30, 2023 | 37.76% |
| Mar 31, 2023 | 38.06% |
| Sep 30, 2022 | 38.76% |
| Dec 31, 2020 | 42.71% |
| Sep 30, 2020 | -39.96% |
| Mar 31, 2019 | 40.87% |
| Mar 31, 2018 | 36.23% |
| Jun 30, 2012 | 40.42% |
| Mar 31, 2012 | 42.04% |
| Dec 31, 2011 | 15,833.39% |
Millicom International Cellular EBITDA Margin 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=ebitda-margin&ticker=TIGO&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();