Millicom International Cellular (TIGO) Return on Capital Employed (2009 - 2026)

Millicom International Cellular (TIGO) posted Return on Capital Employed of 11.68% for Q1 2026, down 7.01% quarter-over-quarter from 12.56% in Q4 2025, and down 93.0% year-on-year from 166.89% in Q1 2025.

Millicom International Cellular (TIGO) Return on Capital Employed (2009 - 2026) Analysis & Trends

Millicom International Cellular (TIGO) has reported Return on Capital Employed for 13 consecutive years, with 11.68% the latest figure, recorded in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 11.68%, down 93.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.68% (down 93.0% YoY), and the FY2025 annual result was 13.54%, up 209.0% from the prior year.
  • Return on Capital Employed was 11.68% for Q1 2026 at Millicom International Cellular, down from 12.56% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 12.9% in Q3 2025 and troughed at 5.78% in Q4 2023.
  • Average Return on Capital Employed over 5 years is 9.05%, with a median of 7.93% recorded in 2024.
  • Year-over-year, Return on Capital Employed sank 337 bps in 2022 and jumped 589 bps in 2024.
  • Over 5 years, Return on Capital Employed stood at 6.56% in 2022, then fell by 12 bps to 5.78% in 2023, then surged by 102 bps to 11.67% in 2024, then grew by 8 bps to 12.56% in 2025, then retreated by 7 bps to 11.68% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 11.68% in Q1 2026, 12.56% in Q4 2025, and 12.9% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1,360.11 Bn 465.10 Bn - -
2 T-Mobile US 190.40 Bn 186.88 Bn 17.62 Bn 9.14%
3 Verizon Communications 176.65 Bn 169.60 Bn 27.94 Bn 8.65%
4 At&T 143.78 Bn 133.82 Bn 25.25 Bn 6.77%
5 Telecom Argentina 27.29 Bn -708.89 Bn - -
6 Charter Communications 17.55 Bn 21.72 Bn - 9.07%
7 Millicom International Cellular 15.13 Bn 13.99 Bn - 11.68%
8 Globalstar 10.40 Bn 10.04 Bn 46.63 Mn 1.15%
9 Sify Technologies 7.22 Bn 7.17 Bn 54.72 Mn -
10 Lumen Technologies 7.15 Bn 5.53 Bn 1.46 Bn -1.12%

Historic Data

Download Data
DateValue
Mar 31, 2026 11.68%
Dec 31, 2025 12.56%
Sep 30, 2025 12.90%
Jun 30, 2025 12.54%
Mar 31, 2025 12.62%
Dec 31, 2024 11.67%
Sep 30, 2024 9.90%
Jun 30, 2024 9.08%
Mar 31, 2024 7.93%
Dec 31, 2023 5.78%
Sep 30, 2023 6.80%
Jun 30, 2023 6.70%
Mar 31, 2023 7.11%
Dec 31, 2022 6.56%
Sep 30, 2022 7.14%
Jun 30, 2022 6.86%
Mar 31, 2022 6.06%
Dec 31, 2021 7.71%
Sep 30, 2021 8.66%
Jun 30, 2021 4.78%