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
DateValue
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%