Millicom International Cellular (TIGO) Gross Margin (2009 - 2023)
Millicom International Cellular's (TIGO) quarterly Gross Margin came in at 90.64% in Q4 2023, up 1736.0% YoY from 4.94% in Q4 2022, and up 21.76% on a QoQ basis from 74.44% in Q3 2023.
Millicom International Cellular (TIGO) Gross Margin (2009 - 2023) Analysis & Trends
Millicom International Cellular (TIGO) has 11 years of Gross Margin data on file, last reported at 90.64% in Q4 2023.
- Quarterly Gross Margin rose 1736.0% year-over-year to 90.64% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 82.0% (up 873.0% YoY) and the FY2025 annual result came in at 77.47%, up 194.0% from the prior year.
- Gross Margin rose to 90.64% in Q4 2023, from 74.44% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 101.9% in Q4 2021 to a low of 69.38% in Q2 2020.
- A 5-year average of 74.77% and a median of 72.59% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin soared 2876 bps — and 2022, when it slumped 2862 bps.
- Tracing TIGO's Gross Margin over 5 years: stood at 72.03% in 2019, then increased by 2 bps to 73.13% in 2020, then jumped by 39 bps to 101.9% in 2021, then slipped by 28 bps to 73.27% in 2022, then climbed by 24 bps to 90.64% in 2023.
- The last three Gross Margin figures came in at 90.64% (Q4 2023), 74.44% (Q3 2023), and 72.72% (Q2 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 78.91% |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 77.82% |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | 38.75% |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 80.02% |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 37.54% |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | 46.08% |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | - |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 43.49% |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | 44.91% |
| 10 | Millicom International Cellular | 15.14 Bn | 14.15 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 90.64% |
| Sep 30, 2023 | 74.44% |
| Jun 30, 2023 | 72.72% |
| Mar 31, 2023 | 72.90% |
| Dec 31, 2022 | 73.27% |
| Sep 30, 2022 | 73.41% |
| Jun 30, 2022 | 72.70% |
| Mar 31, 2022 | 73.72% |
| Dec 31, 2021 | 101.90% |
| Sep 30, 2021 | 71.37% |
| Jun 30, 2021 | 71.43% |
| Mar 31, 2021 | 72.27% |
| Dec 31, 2020 | 73.13% |
| Sep 30, 2020 | 72.12% |
| Jun 30, 2020 | 69.38% |
| Mar 31, 2020 | 71.97% |
| Dec 31, 2019 | 72.03% |
| Sep 30, 2019 | 72.47% |
| Jun 30, 2019 | 71.82% |
| Mar 31, 2019 | 71.79% |