Millicom International Cellular (TIGO) Return on Invested Capital [ROIC] (2021 - 2026)
Millicom International Cellular (TIGO) posted Return on Invested Capital [ROIC] of 59.94% for Q2 2026, up 17.78 percentage points from 42.15% a year earlier and up 12.58 percentage points from the prior quarter.
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Analysis
Millicom International Cellular (TIGO) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Millicom International Cellular's Return on Invested Capital [ROIC] came in at 26.33%, up 12.03 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +20.64 percentage points (FY2020 to FY2025).
- In prior years, Millicom International Cellular's Return on Invested Capital [ROIC] was 14.30% in FY2024 (+6.15 pp), 8.15% in FY2023 (-1.51 pp) and 9.65% in FY2022.
- The Q2 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2021.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 47.36% (Q1 2026), 46.89% (Q4 2025) and 45.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.87 Bn | 155.27 Bn | 27.03 Bn | 7.99% |
| 2 | T-Mobile US | 175.88 Bn | 160.63 Bn | 14.76 Bn | 9.86% |
| 3 | At&T | 166.65 Bn | 114.60 Bn | 25.82 Bn | 8.46% |
| 4 | Grupo Televisa, S.A.B | 142.49 Bn | 131.12 Bn | 318.12 Mn | 0.00% |
| 5 | Comcast | 76.29 Bn | 40.54 Bn | - | 7.77% |
| 6 | Chunghwa Telecom | 35.81 Bn | 31.66 Bn | 728.80 Mn | 10.54% |
| 7 | EchoStar | 27.35 Bn | 18.48 Bn | 1.65 Bn | -35.40% |
| 8 | AST SpaceMobile | 22.74 Bn | 23.25 Bn | 7.95 Mn | -12.16% |
| 9 | Telefonica Brasil | 18.42 Bn | 12.42 Bn | 1.42 Bn | - |
| 10 | Millicom International Cellular | 14.93 Bn | 7.24 Bn | - | 59.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.94% |
| Mar 31, 2026 | 47.36% |
| Dec 31, 2025 | 46.89% |
| Sep 30, 2025 | 45.00% |
| Jun 30, 2025 | 42.15% |
| Mar 31, 2025 | 23.65% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.00% |
| Sep 30, 2021 | 0.00% |
| Jun 30, 2021 | 0.00% |
| Mar 31, 2021 | 0.00% |
API Access
Millicom International Cellular Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=TIGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();