Millicom International Cellular (TIGO) Return on Equity [ROE] (2009 - 2026)
Millicom International Cellular's Return on Equity [ROE] was 22.64% in Q3 2026, down 11.03 percentage points from 33.67% a year earlier and down 0.18 percentage points from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at Millicom International Cellular came in at 37.48%, up 29.99 percentage points from FY2024.
- Return on Equity [ROE] shows a five-year change of +54.71 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 7.49% in FY2024 (+14.36 pp), -6.87% in FY2023 (-11.04 pp) and 4.17% in FY2022.
- The Q3 2026 figure marks the lowest quarterly Return on Equity [ROE] since Q1 2025.
- Compared with a year earlier, Return on Equity [ROE] was higher in six of the last eight quarters, with an average year-over-year change of +16.20 percentage points.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q4 2021 (a gain of 60.73 percentage points); the worst was Q2 2023 (a drop of 42.54 percentage points).
- Per Business Quant data, TIGO's Return on Equity [ROE] in the three quarters before Q3 2026 was 22.82% (Q2 2026), 35.78% (Q1 2026) and 39.19% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 192.19 Bn | 159.83 Bn | 27.05 Bn | 15.87% |
| 2 | T-Mobile US | 180.63 Bn | 163.07 Bn | 15.13 Bn | 20.08% |
| 3 | At&T | 149.48 Bn | 106.93 Bn | 26.22 Bn | 11.73% |
| 4 | Grupo Televisa, S.A.B | 138.76 Bn | 131.89 Bn | 960.50 Mn | 1.36% |
| 5 | Comcast | 89.06 Bn | 55.02 Bn | - | 11.93% |
| 6 | Chunghwa Telecom | 38.69 Bn | 31.18 Bn | 728.80 Mn | 11.23% |
| 7 | Vodafone Group Public | 37.39 Bn | 5.63 Bn | - | - |
| 8 | EchoStar | 29.07 Bn | 10.15 Bn | 647.20 Mn | 63.36% |
| 9 | Bce | 19.98 Bn | 18.22 Bn | 11.61 Bn | 39.11% |
| 10 | Millicom International Cellular | 13.41 Bn | 9.01 Bn | - | 22.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.64% |
| Jun 30, 2026 | 22.82% |
| Mar 31, 2026 | 35.78% |
| Dec 31, 2025 | 39.19% |
| Sep 30, 2025 | 33.67% |
| Jun 30, 2025 | 29.16% |
| Mar 31, 2025 | 11.57% |
| Dec 31, 2024 | 7.26% |
| Sep 30, 2024 | 1.64% |
| Jun 30, 2024 | -0.48% |
| Mar 31, 2024 | -4.06% |
| Dec 31, 2023 | -6.23% |
| Sep 30, 2023 | -0.64% |
| Jun 30, 2023 | -0.97% |
| Mar 31, 2023 | 3.45% |
| Dec 31, 2022 | 4.04% |
| Sep 30, 2022 | 20.10% |
| Jun 30, 2022 | 41.57% |
| Mar 31, 2022 | 41.60% |
| Dec 31, 2021 | 42.92% |
API Access
Millicom International Cellular Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();