Millicom International Cellular (TIGO) Return on Assets [ROA] (2009 - 2026)
Millicom International Cellular's Return on Assets [ROA] came in at 2.61% for Q3 2026, down 4.88 percentage points from 7.49% a year earlier and down 0.51 percentage points from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Millicom International Cellular's Return on Assets [ROA] was 8.79%, up 6.89 percentage points from FY2024.
- Return on Assets [ROA] carries a five-year change of +11.83 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was 1.90% in FY2024 (+3.60 pp), -1.71% in FY2023 (-2.59 pp) and 0.88% in FY2022.
- The Q3 2026 figure represents the lowest quarterly Return on Assets [ROA] since Q4 2024.
- Year-over-year, Return on Assets [ROA] increased in six of the last eight quarters, with an average year-over-year change of +2.83 percentage points.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q4 2021 (a gain of 9.62 percentage points), and the weakest in Q4 2022 (a drop of 5.49 percentage points).
- Business Quant data shows TIGO's Return on Assets [ROA] at 3.12% (Q2 2026), 6.41% (Q1 2026) and 8.29% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.19 Bn | 159.83 Bn | 27.05 Bn | 4.08% |
| 2 | T-Mobile US | 180.63 Bn | 163.07 Bn | 15.13 Bn | 5.30% |
| 3 | At&T | 149.48 Bn | 106.93 Bn | 26.22 Bn | 3.34% |
| 4 | Grupo Televisa, S.A.B | 138.76 Bn | 131.89 Bn | 960.50 Mn | 0.64% |
| 5 | Comcast | 89.06 Bn | 55.02 Bn | - | 4.22% |
| 6 | Chunghwa Telecom | 38.69 Bn | 31.18 Bn | 728.80 Mn | 1.93% |
| 7 | Vodafone Group Public | 37.39 Bn | 5.63 Bn | - | - |
| 8 | EchoStar | 29.07 Bn | 10.15 Bn | 647.20 Mn | 26.10% |
| 9 | Bce | 19.98 Bn | 18.22 Bn | 11.61 Bn | 11.57% |
| 10 | Millicom International Cellular | 13.41 Bn | 9.01 Bn | - | 2.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.61% |
| Jun 30, 2026 | 3.12% |
| Mar 31, 2026 | 6.41% |
| Dec 31, 2025 | 8.29% |
| Sep 30, 2025 | 7.49% |
| Jun 30, 2025 | 6.97% |
| Mar 31, 2025 | 2.95% |
| Dec 31, 2024 | 1.92% |
| Sep 30, 2024 | 0.42% |
| Jun 30, 2024 | -0.12% |
| Mar 31, 2024 | -0.99% |
| Dec 31, 2023 | -1.53% |
| Sep 30, 2023 | -0.16% |
| Jun 30, 2023 | -0.24% |
| Mar 31, 2023 | 0.87% |
| Dec 31, 2022 | 1.02% |
| Sep 30, 2022 | 5.10% |
| Jun 30, 2022 | 5.17% |
| Mar 31, 2022 | 3.58% |
| Dec 31, 2021 | 6.51% |
API Access
Millicom International Cellular Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();