Millicom International Cellular (TIGO) Return on Capital Employed [ROCE] (2009 - 2026)
Millicom International Cellular (TIGO) posted Return on Capital Employed [ROCE] of 11.17% for Q2 2026, down 1.35 percentage points from 12.51% a year earlier and down 0.50 percentage points from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Millicom International Cellular's Return on Capital Employed [ROCE] came in at 25.34%, up 3.29 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of +15.53 percentage points (FY2020 to FY2025).
- In prior years, Millicom International Cellular's Return on Capital Employed [ROCE] was 22.04% in FY2024 (+15.17 pp), 6.87% in FY2023 (-13.57 pp) and 20.43% in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Return on Capital Employed [ROCE] since Q3 2024.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined in each of the last three quarters, with an average year-over-year change of +2.21 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q1 2025, with a gain of 17.00 percentage points; the weakest was Q1 2023, with a drop of 17.95 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 11.66% (Q1 2026), 12.54% (Q4 2025) and 12.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 8.11% |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | 9.58% |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | 6.89% |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | 4.82% |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | 8.12% |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | 2.46% |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | -45.15% |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | -11.61% |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | - |
| 10 | Millicom International Cellular | 14.93 Bn | 7.24 Bn | - | 11.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.17% |
| Mar 31, 2026 | 11.66% |
| Dec 31, 2025 | 12.54% |
| Sep 30, 2025 | 12.87% |
| Jun 30, 2025 | 12.51% |
| Mar 31, 2025 | 24.93% |
| Dec 31, 2024 | 22.89% |
| Sep 30, 2024 | 9.90% |
| Jun 30, 2024 | 9.08% |
| Mar 31, 2024 | 7.93% |
| Dec 31, 2023 | 6.79% |
| Sep 30, 2023 | 6.79% |
| Jun 30, 2023 | 6.70% |
| Mar 31, 2023 | 7.10% |
| Dec 31, 2022 | 7.58% |
| Sep 30, 2022 | 9.80% |
| Jun 30, 2022 | 9.43% |
| Mar 31, 2022 | 25.05% |
| Sep 30, 2021 | 12.77% |
| Jun 30, 2021 | 4.78% |
API Access
Millicom International Cellular Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();