To the full analysis
Millicom International Cellular stock: growth
TIGOMillicom International Cellular reported $5.82B in revenue for fiscal 2025, up 0.3% on the prior year, up 6.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
7.1%
per year from 2006 to 2025, per share 5.6%
Earnings (Annual rate)
9.3%
per year from 2006 to 2025, per share 7.7%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 6.9% | −1.2% | 7.1% |
| Revenue per share | 1.4% | −3.9% | 5.6% |
| Earnings | no data | no data | 9.3% |
| Earnings per share | no data | no data | 7.7% |
| Free cash flow | no data | 10.2% | no data |
| Free cash flow per share | no data | 7.2% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $1.58B | $244.76M | −$70.66M |
| 2007 | $2.63B | $438.52M | $224.29M |
| 2008 | $3.15B | $517.52M | −$284.46M |
| 2009 | $3.37B | $561.93M | −$316.6M |
| 2010 | $3.92B | $1.62B | $162.23M |
| 2011 | $4.53B | $888.78M | $834.93M |
| 2012 | $4.81B | $508M | $584M |
| 2013 | $4.39B | $231M | $50M |
| 2014 | $6.39B | $2.62B | $146M |
| 2015 | $6.57B | −$559M | $446M |
| 2016 | $4.11B | −$45M | $16M |
| 2017 | $4.08B | $47M | $37M |
| 2018 | $3.95B | $19M | $12M |
| 2019 | $4.34B | $75M | $302M |
| 2020 | $4.17B | −$344M | −$3M |
| 2021 | $4.26B | $590M | $48M |
| 2022 | $5.62B | $57M | $212M |
| 2023 | $5.66B | −$82M | $40M |
| 2024 | $5.8B | $253M | $1.13B |
| 2025 | $5.82B | $1.32B | $1.18B |
Revenue by region
Where Millicom International Cellular S.A. generates its revenue.
- Guatemala29%
- Colombia25%
- Panama12%
- Honduras11%
- Paraguay10%
- Bolivia6%
- Other7%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| Guatemala | $1.56B | $1.6B | $1.67B | 28.7% |
| Colombia | $1.31B | $1.38B | $1.45B | 24.9% |
| Panama | $719M | $756M | $725M | 12.5% |
| Honduras | $612M | $617M | $621M | 10.7% |
| Paraguay | $568M | $559M | $578M | 9.9% |
| Bolivia | $613M | $613M | $356M | 6.1% |
| Other | $272M | $276M | $418M | 7.2% |
| Total revenue | $5.66B | $5.8B | $5.82B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Mar 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.