Millicom International Cellular (TIGO) Invested Capital (2009 - 2026)
Millicom International Cellular (TIGO) recorded Invested Capital of $2.56 billion in Q2 2026, down 27.0% from $3.51 billion a year earlier and down 20.8% from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Millicom International Cellular reported Invested Capital of $3.64 billion, down 58.6% from FY2024.
- Annual Invested Capital has declined for three straight years, with a five-year compound annual growth rate of -14.2% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $8.81 billion in FY2024 (-11.6%), $9.97 billion in FY2023 (-3.3%), $10.31 billion in FY2022 (+19.3%) and $8.65 billion in FY2021 (+10.1%).
- The Q2 2026 figure is the lowest quarterly Invested Capital since Q1 2022.
- On a year-over-year basis, Invested Capital has declined for three consecutive quarters, with an average decline of 25.3% over the last four quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 19.3% in Q4 2022, against a decline of 98.9% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.24 billion (Q1 2026), $3.64 billion (Q4 2025) and $3.33 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 185.43 Bn | 149.83 Bn | 27.03 Bn | 270.43 Bn |
| 2 | T-Mobile US | 157.50 Bn | 142.25 Bn | 14.76 Bn | 140.89 Bn |
| 3 | Grupo Televisa, S.A.B | 146.85 Bn | 139.14 Bn | 318.12 Mn | 11.09 Bn |
| 4 | At&T | 140.99 Bn | 98.44 Bn | 26.22 Bn | 282.38 Bn |
| 5 | Comcast | 80.32 Bn | 46.28 Bn | - | 179.93 Bn |
| 6 | Vodafone Group Public | 38.29 Bn | 11.97 Bn | - | 118.35 Bn |
| 7 | Chunghwa Telecom | 37.65 Bn | 30.15 Bn | 728.80 Mn | 11.65 Bn |
| 8 | EchoStar | 25.85 Bn | 16.98 Bn | 1.65 Bn | 31.63 Bn |
| 9 | Telefonica Brasil | 20.72 Bn | 14.74 Bn | 1.42 Bn | - |
| 10 | Millicom International Cellular | 13.24 Bn | 8.02 Bn | - | 10.14 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.14 Bn |
| Mar 31, 2026 | 10.56 Bn |
| Dec 31, 2025 | 10.53 Bn |
| Sep 30, 2025 | 9.13 Bn |
| Jun 30, 2025 | 9.06 Bn |
| Mar 31, 2025 | 8.87 Bn |
| Dec 31, 2024 | 9.44 Bn |
| Sep 30, 2024 | 9.66 Bn |
| Jun 30, 2024 | 9.77 Bn |
| Mar 31, 2024 | 9.60 Bn |
| Dec 31, 2023 | 10.23 Bn |
| Sep 30, 2023 | 10.08 Bn |
| Jun 30, 2023 | 10.11 Bn |
| Mar 31, 2023 | 10.30 Bn |
| Dec 31, 2022 | 10.41 Bn |
| Sep 30, 2022 | 10.32 Bn |
| Jun 30, 2022 | 10.38 Bn |
| Mar 31, 2022 | 6.90 Bn |
| Dec 31, 2021 | 10.33 Bn |
| Sep 30, 2021 | 5.12 Bn |
API Access
Millicom International Cellular Invested Capital 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=invested-capital&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();