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% on a QoQ basis from 12.56% in Q4 2025, and down 353.0% year-over-year from 4.62% in Q1 2025.
Millicom International Cellular (TIGO) Return on Capital Employed (2009 - 2026) Analysis & Trends
Millicom International Cellular's Return on Capital Employed history runs 14 years deep, the most recent figure standing at 11.68% for 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 was 11.68% for Q1 2026 at Millicom International Cellular, down from 12.56% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 15.38% in Q3 2025 and bottomed at 8.37% in Q4 2023.
- A 5-year average of 11.62% 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 sank 526 bps — and 2024, when it surged 587 bps.
- Millicom International Cellular's Return on Capital Employed stood at 9.71% in 2022, then declined by 14 bps to 8.37% in 2023, then soared by 70 bps to 14.25% in 2024, then slipped by 12 bps to 12.56% in 2025, then fell by 7 bps to 11.68% in 2026.
- Business Quant data shows TIGO's Return on Capital Employed at 11.68% in Q1 2026, 12.56% in Q4 2025, and 15.38% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | America Movil Sab De Cv | 1,543.97 Bn | 1,543.97 Bn | 7.08 Bn | - |
| 2 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,427.96 Bn | -8,564.04 Bn | - | - |
| 3 | Grupo Televisa, S.A.B | 958.85 Bn | 957.15 Bn | 317.18 Mn | 11.67% |
| 4 | Chunghwa Telecom | 334.17 Bn | 331.99 Bn | 719.92 Mn | 3.96% |
| 5 | Verizon Communications | 198.41 Bn | 190.05 Bn | 29.14 Bn | 8.65% |
| 6 | T-Mobile US | 192.12 Bn | 189.29 Bn | 17.74 Bn | 9.58% |
| 7 | At&T | 169.04 Bn | 151.47 Bn | 25.25 Bn | 6.89% |
| 8 | Veon | 90.84 Bn | 90.84 Bn | - | - |
| 9 | Tim | 50.18 Bn | 50.03 Bn | 677.20 Mn | 34.32% |
| 10 | Millicom International Cellular | 15.93 Bn | 14.66 Bn | - | 11.68% |
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 | 9.80% |
| Jun 30, 2022 | 9.43% |
| Mar 31, 2022 | 8.71% |
| Dec 31, 2021 | 11.78% |
| Sep 30, 2021 | 11.87% |
| Jun 30, 2021 | 6.91% |