Millicom International Cellular (TIGO) Net Margin (2009 - 2026)
Millicom International Cellular's (TIGO) quarterly Net Margin came in at 5.49% in Q1 2026, down 862.0% YoY from 0.72% in Q1 2025, and down 64.0% on a QoQ basis from 15.25% in Q4 2025.
Millicom International Cellular (TIGO) Net Margin (2009 - 2026) Analysis & Trends
Millicom International Cellular (TIGO) has 14 years of Net Margin data on file, last reported at 5.49% in Q1 2026.
- Quarterly Net Margin fell 862.0% year-over-year to 5.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.16% (up 1105.0% YoY) and the FY2025 annual result came in at 22.62%, up 1826.0% from the prior year.
- Net Margin declined to 5.49% in Q1 2026, from 15.25% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 49.27% in Q2 2025 to a low of 1.58% in Q2 2023.
- A 5-year average of 8.41% and a median of 5.77% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2023 — Net Margin sank 1208 bps — and 2025, when it jumped 3761 bps.
- Tracing TIGO's Net Margin over 5 years: stood at 1.34% in 2022, then slumped by 212 bps to 1.51% in 2023, then surged by 484 bps to 5.77% in 2024, then jumped by 164 bps to 15.25% in 2025, then sank by 64 bps to 5.49% in 2026.
- The last three Net Margin figures came in at 5.49% (Q1 2026), 15.25% (Q4 2025), and 13.73% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 11.53% |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 14.43% |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | 0.00% |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 14.55% |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 18.36% |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | 236.63% |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | 9.03% |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 15.59% |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | 8.16% |
| 10 | Millicom International Cellular | 15.14 Bn | 14.15 Bn | - | 10.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.49% |
| Dec 31, 2025 | 15.25% |
| Sep 30, 2025 | 13.73% |
| Jun 30, 2025 | 49.27% |
| Mar 31, 2025 | 14.11% |
| Dec 31, 2024 | 5.77% |
| Sep 30, 2024 | 3.56% |
| Jun 30, 2024 | 11.66% |
| Mar 31, 2024 | 6.19% |
| Dec 31, 2023 | -1.51% |
| Sep 30, 2023 | -1.33% |
| Jun 30, 2023 | -1.58% |
| Mar 31, 2023 | 0.22% |
| Dec 31, 2022 | 1.34% |
| Sep 30, 2022 | 8.65% |
| Jun 30, 2022 | 10.50% |
| Mar 31, 2022 | 1.63% |
| Dec 31, 2021 | -0.93% |
| Sep 30, 2021 | 0.50% |
| Jun 30, 2021 | -9.99% |