Millicom International Cellular (TIGO) EBITDA Margin (2009 - 2026)
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.
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Analysis
Millicom International Cellular (TIGO) EBITDA Margin (2009 - 2026) 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 185.25 Bn | 148.37 Bn | 27.03 Bn | 35.58% |
| 2 | T-Mobile US | 158.63 Bn | 143.38 Bn | 14.76 Bn | 39.16% |
| 3 | Grupo Televisa, S.A.B | 147.96 Bn | 139.70 Bn | 318.12 Mn | 11.00% |
| 4 | At&T | 143.36 Bn | 84.83 Bn | 26.22 Bn | 28.07% |
| 5 | Comcast | 80.87 Bn | 46.67 Bn | - | 30.78% |
| 6 | Vodafone Group Public | 37.85 Bn | 7.25 Bn | - | - |
| 7 | Chunghwa Telecom | 37.61 Bn | 29.62 Bn | 728.80 Mn | - |
| 8 | EchoStar | 25.86 Bn | 16.95 Bn | 1.65 Bn | 19.11% |
| 9 | Telefonica Brasil | 20.93 Bn | 14.95 Bn | 1.42 Bn | 41.77% |
| 10 | Millicom International Cellular | 13.16 Bn | 7.91 Bn | - | 45.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.02% |
| Mar 31, 2026 | 44.48% |
| 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% |
| Dec 31, 2022 | 40.55% |
| Sep 30, 2022 | 38.76% |
| Jun 30, 2022 | 40.70% |
| Mar 31, 2022 | 42.05% |
| Dec 31, 2021 | 41.47% |
| Sep 30, 2021 | 45.53% |
API Access
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_KEYimport 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();