Millicom International Cellular (TIGO) Return on Capital Employed (2009 - 2026)
Millicom International Cellular's (TIGO) quarterly Return on Capital Employed came in at 11.68% in Q1 2026, down 353.0% YoY from 4.62% in Q1 2025, and down 7.01% on a QoQ basis from 12.56% in Q4 2025.
Millicom International Cellular (TIGO) Return on Capital Employed (2009 - 2026) Analysis & Trends
Millicom International Cellular (TIGO) has 13 years of Return on Capital Employed data on file, last reported at 11.68% in Q1 2026.
- Quarterly Return on Capital Employed fell 353.0% year-over-year to 11.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.68% (down 353.0% YoY) and the FY2025 annual result came in at 13.54%, up 209.0% from the prior year.
- Return on Capital Employed retreated to 11.68% in Q1 2026, from 12.56% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 15.38% in Q3 2025 to a low of 7.78% in Q1 2022.
- A 5-year average of 11.46% and a median of 10.98% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed slumped 987 bps — and 2024, when it surged 587 bps.
- Tracing TIGO's Return on Capital Employed over 5 years: stood at 9.71% in 2022, then slipped by 14 bps to 8.37% in 2023, then jumped by 70 bps to 14.25% in 2024, then retreated by 12 bps to 12.56% in 2025, then dropped by 7 bps to 11.68% in 2026.
- The last three Return on Capital Employed figures came in at 11.68% (Q1 2026), 12.56% (Q4 2025), and 15.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 205.36 Bn | 203.61 Bn | 27.03 Bn | 8.11% |
| 2 | T-Mobile US | 196.43 Bn | 193.61 Bn | 17.74 Bn | 9.58% |
| 3 | Grupo Televisa, S.A.B | 190.22 Bn | 188.51 Bn | 318.12 Mn | 6.97% |
| 4 | At&T | 174.94 Bn | 157.37 Bn | 25.25 Bn | 6.89% |
| 5 | Chunghwa Telecom | 33.60 Bn | 31.03 Bn | 728.80 Mn | 2.46% |
| 6 | EchoStar | 25.24 Bn | 23.74 Bn | 1.65 Bn | -45.15% |
| 7 | Bce | 22.16 Bn | 22.16 Bn | - | - |
| 8 | Rogers Communications | 19.61 Bn | 18.36 Bn | 1.77 Bn | 14.79% |
| 9 | Telefonica Brasil | 18.11 Bn | 18.11 Bn | 1.32 Bn | - |
| 10 | Millicom International Cellular | 15.14 Bn | 14.15 Bn | - | 13.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.68% |
| Dec 31, 2025 | 12.56% |
| Sep 30, 2025 | 15.38% |
| Jun 30, 2025 | 15.10% |
| Mar 31, 2025 | 15.21% |
| Dec 31, 2024 | 14.25% |
| Sep 30, 2024 | 12.95% |
| Jun 30, 2024 | 12.12% |
| Mar 31, 2024 | 10.98% |
| Dec 31, 2023 | 8.37% |
| Sep 30, 2023 | 10.38% |
| Jun 30, 2023 | 10.29% |
| Mar 31, 2023 | 10.71% |
| Dec 31, 2022 | 9.71% |
| Sep 30, 2022 | 8.87% |
| Jun 30, 2022 | 8.53% |
| Mar 31, 2022 | 7.78% |
| Dec 31, 2021 | 10.36% |
| Sep 30, 2021 | 18.75% |
| Dec 31, 2020 | 15.69% |