Millicom International Cellular (TIGO) EBITDA Margin (2009 - 2026)
Millicom International Cellular (TIGO) reported EBITDA Margin of 48.51% for Q3 2026, down 1.25 percentage points from 49.75% a year earlier but up 3.49 percentage points from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Millicom International Cellular's EBITDA Margin came in at 47.05%, down 2.11 percentage points year-over-year; for FY2025, it was 54.29%, up 3.08 percentage points from FY2024.
- EBITDA Margin has a five-year change of +11.97 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 51.21% in FY2024 (+5.12 pp), 46.09% in FY2023 (-0.85 pp), 46.94% in FY2022 (+4.35 pp) and 42.60% in FY2021 (+0.28 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 declined in each of the last three quarters, with an average year-over-year change of +2.43 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 Q1 2026 (a drop of 8.00 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 45.02% (Q2 2026), 44.48% (Q1 2026) and 50.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.19 Bn | 159.83 Bn | 27.05 Bn | 40.06% |
| 2 | T-Mobile US | 180.63 Bn | 163.07 Bn | 15.13 Bn | 38.64% |
| 3 | At&T | 149.48 Bn | 106.93 Bn | 26.22 Bn | 28.07% |
| 4 | Grupo Televisa, S.A.B | 138.76 Bn | 131.89 Bn | 960.50 Mn | 4.84% |
| 5 | Comcast | 89.06 Bn | 55.02 Bn | - | 30.78% |
| 6 | Chunghwa Telecom | 38.69 Bn | 31.18 Bn | 728.80 Mn | - |
| 7 | Vodafone Group Public | 37.39 Bn | 5.63 Bn | - | - |
| 8 | EchoStar | 29.07 Bn | 10.15 Bn | 647.20 Mn | 20.76% |
| 9 | Bce | 19.98 Bn | 18.22 Bn | 11.61 Bn | 58.45% |
| 10 | Millicom International Cellular | 13.41 Bn | 9.01 Bn | - | 48.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 48.51% |
| Jun 30, 2026 | 45.02% |
| Mar 31, 2026 | 44.48% |
| Dec 31, 2025 | 50.79% |
| Sep 30, 2025 | 49.75% |
| 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% |
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();