Millicom International Cellular (TIGO) Gross Margin (2009 - 2023)
Millicom International Cellular (TIGO) posted Gross Margin of 90.64% for Q4 2023, up 21.76% on a QoQ basis from 74.44% in Q3 2023, and up 1736.0% year-over-year from 4.94% in Q4 2022.
Millicom International Cellular (TIGO) Gross Margin (2009 - 2023) Analysis & Trends
Millicom International Cellular's Gross Margin history runs 11 years deep, the most recent figure standing at 90.64% for 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 was 90.64% for Q4 2023 at Millicom International Cellular, up from 74.44% in the prior quarter.
- Across five years, Gross Margin topped out at 90.64% in Q4 2023 and bottomed at 69.38% in Q2 2020.
- A 5-year average of 73.27% and a median of 72.27% in 2021 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2020 — Gross Margin sank 244 bps — and 2023, when it soared 1736 bps.
- Millicom International Cellular's Gross Margin stood at 72.03% in 2019, then retreated by 0 bps to 71.93% in 2020, then retreated by 0 bps to 71.69% in 2021, then rose by 2 bps to 73.27% in 2022, then increased by 24 bps to 90.64% in 2023.
- Business Quant data shows TIGO's Gross Margin at 90.64% in Q4 2023, 74.44% in Q3 2023, and 72.72% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | America Movil Sab De Cv | 1,543.97 Bn | 1,543.97 Bn | 7.08 Bn | 51.30% |
| 2 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,427.96 Bn | -8,564.04 Bn | - | - |
| 3 | Grupo Televisa, S.A.B | 958.85 Bn | 957.15 Bn | 317.18 Mn | 38.75% |
| 4 | Chunghwa Telecom | 334.17 Bn | 331.99 Bn | 719.92 Mn | 37.92% |
| 5 | Verizon Communications | 198.41 Bn | 190.05 Bn | 29.14 Bn | 84.60% |
| 6 | T-Mobile US | 192.12 Bn | 189.29 Bn | 17.74 Bn | 77.82% |
| 7 | At&T | 169.04 Bn | 151.47 Bn | 25.25 Bn | 80.02% |
| 8 | Veon | 90.84 Bn | 90.84 Bn | - | - |
| 9 | Tim | 50.18 Bn | 50.03 Bn | 677.20 Mn | 52.37% |
| 10 | Millicom International Cellular | 15.93 Bn | 14.66 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 | 71.69% |
| Sep 30, 2021 | 71.37% |
| Jun 30, 2021 | 71.43% |
| Mar 31, 2021 | 72.27% |
| Dec 31, 2020 | 71.93% |
| Sep 30, 2020 | 72.12% |
| Jun 30, 2020 | 69.38% |
| Dec 31, 2019 | 72.03% |
| Sep 30, 2019 | 72.47% |
| Jun 30, 2019 | 71.82% |
| Mar 31, 2019 | 71.79% |
| Dec 31, 2018 | 71.68% |