Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Assets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Sales

Millicom International Cellular (TIGO) Operating Margin (2017 - 2026)

Millicom International Cellular filings provide 12 years of Operating Margin readings, the most recent being 28.39% for Q4 2025.

  • On a quarterly basis, Operating Margin rose 227.0% to 28.39% in Q4 2025 year-over-year; TTM through Dec 2025 was 28.17%, a 505.0% increase, with the full-year FY2025 number at 28.17%, up 504.0% from a year prior.
  • Operating Margin hit 28.39% in Q4 2025 for Millicom International Cellular, up from 27.46% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 30.79% in Q1 2025 to a low of 10.31% in Q1 2021.
  • Median Operating Margin over the past 5 years was 16.84% (2022), compared with a mean of 19.0%.
  • Biggest five-year swings in Operating Margin: tumbled -467bps in 2022 and later surged 1066bps in 2024.
  • Millicom International Cellular's Operating Margin stood at 11.35% in 2021, then surged by 41bps to 15.98% in 2022, then dropped by -3bps to 15.46% in 2023, then soared by 69bps to 26.12% in 2024, then increased by 9bps to 28.39% in 2025.
  • The last three reported values for Operating Margin were 28.39% (Q4 2025), 27.46% (Q3 2025), and 26.02% (Q2 2025) per Business Quant data.