The Filing Desk

Millicom vs Telus

Millicom TIGO · Telus TU · Wireless Telecommunication Services

Millicom reported revenue of $5.8 billion in fiscal 2025, and Telus C$20.5 billion in fiscal 2025, in different currencies. Millicom's revenue grew 0.3% in its latest year, and Telus' grew 0.6%. Millicom had an operating margin of 28.2%, against 11.5% at Telus. Free cash flow was $1.1 billion at Millicom and C$2.1 billion at Telus.

Side by side

MillicomTelus
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$5.8BC$20.5B
Revenue growth0.3%0.6%
Revenue growth a year, last 5 years8.9%5.8%
Gross margin77.5%88.3%
Operating margin28.2%11.5%
Net margin22.6%5.4%
Free cash flow$1.1BC$2.1B
Free cash flow margin18.6%10.4%
Return on capital15.2%3.4%
Net debt to EBITDA1.8x4.5x
Dividends and buybacks$873MC$1.7B
Change in diluted share count−2.6%2.8%
Last close$83.24$9.11
P/E at the last close——
Insider trades, last 12 monthssold $8.2 million—
Piotroski F-score—6 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
In each company's own currency, fiscal years
MillicomTelus
Operating margin
Percent of revenue
MillicomTelus
Free cash flow
In each company's own currency. Cash from operations minus capital expenditure.
MillicomTelus

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Millicom and Telus pages.