Millicom International Cellular (STU:M4M1) Gross Margin %: 75.87% (As of Mar. 2026) — Near Median

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STU:M4M1 Millicom International Cellular SA STU:M4M1
63 GF Score
Price €82.00
GF Value €29.76
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Millicom International Cellular Gross Margin %?

Millicom International Cellular STU:M4M1 -1.80% 63 Gross Margin % is 75.87% as of Mar. 2026, which is 5% above its 10-year median of 72.23. GuruFocus rates STU:M4M1 with a GF Score™ of 63/100 and a GF Value™ of €29.76 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 341 Telecommunication Services companies, Millicom International Cellular ranks better than 87.98% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Millicom International Cellular's Gross Profit for the three months ended in Mar. 2026 was €1,303 Mil. Millicom International Cellular's Revenue for the three months ended in Mar. 2026 was €1,717 Mil. Therefore, Millicom International Cellular's Gross Margin % for the quarter that ended in Mar. 2026 was 75.87%.


The historical rank and industry rank for Millicom International Cellular's Gross Margin % or its related term are showing as below:

STU:M4M1' s Gross Margin % Range Over the Past 10 Years
Min: 70.3   Med: 72.23   Max: 77.45
Current: 77.06


During the past 13 years, the highest Gross Margin % of Millicom International Cellular was 77.45%. The lowest was 70.30%. And the median was 72.23%.

STU:M4M1's Gross Margin % is ranked better than
87.98% of 341 companies
in the Telecommunication Services industry
Industry Median: 51.78 vs STU:M4M1: 77.06

Millicom International Cellular had a gross margin of 75.87% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Millicom International Cellular was 1.50% per year.


Millicom International Cellular  (STU:M4M1) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Millicom International Cellular had a gross margin of 75.87% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Millicom International Cellular Gross Margin % Related Terms


Millicom International Cellular Gross Margin % Historical Data

* Premium members only.

The historical data trend for Millicom International Cellular's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Millicom International Cellular Gross Margin % Chart

Millicom International Cellular Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.91 73.22 73.34 75.53 77.45

Millicom International Cellular Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.05 76.97 77.96 77.78 75.87

STU:M4M1 vs CHTR, GSAT, LUMN: Gross Margin % Comparison

For the Telecom Services subindustry, Millicom International Cellular's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Millicom International Cellular Gross Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Millicom International Cellular's Gross Margin % falls into.


STU:M4M1
63GF Score
Millicom International Cellular SA STU:M4M1
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Millicom International Cellular Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Millicom International Cellular's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=3849 / 4969.426
=(Revenue - Cost of Goods Sold) / Revenue
=(4969.426 - 1120.448) / 4969.426
=77.45 %

Millicom International Cellular's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1302.7 / 1717.025
=(Revenue - Cost of Goods Sold) / Revenue
=(1717.025 - 414.335) / 1717.025
=75.87 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 75.87% mean?
Millicom International Cellular (STU:M4M1) has a Gross Margin % of 75.87% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Millicom International Cellular and its competitors. This is near median its historical median of 72.23. Over the past decade, Millicom International Cellular's Gross Margin % has ranged from 70.30 to 77.45. According to the industry distribution chart, Millicom International Cellular ranks #41 out of 341 companies in the Telecommunication Services industry, placing it in the top 12%.
Is Millicom International Cellular's Gross Margin % too high?
Millicom International Cellular's current Gross Margin % of 75.87% is near median its 10-year median of 72.23. Over the past 10 years, this metric has ranged from a low of 70.30 to a high of 77.45. The Telecommunication Services industry median Gross Margin % is 51.78. Millicom International Cellular's value of 75.87% is 46.5% above this industry median. Based on the distribution chart, Millicom International Cellular ranks #41 out of 341 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Millicom International Cellular has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millicom International Cellular's Gross Margin % compare to CHTR and GSAT?
According to the Telecommunication Services industry distribution chart, Millicom International Cellular ranks #41 out of 341 companies for Gross Margin %. This places Millicom International Cellular in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 51.78. Millicom International Cellular's value of 75.87% is 46.5% above this benchmark. Historically, Millicom International Cellular's own Gross Margin % has ranged from 70.30 to 77.45 over the past decade. While the company's 10-year median is 72.23 vs. the industry median of 51.78, Millicom International Cellular has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.78, based on 341 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millicom International Cellular's current Gross Margin % of 75.87% is 46.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Millicom International Cellular and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millicom International Cellular's current Gross Margin % is 75.87%, which is near median its own 10-year median of 72.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millicom International Cellular stock overvalued right now?
Based on GuruFocus' analysis, Millicom International Cellular (STU:M4M1) is currently considered Significantly Overvalued. The stock's GF Value™ is €29.76, compared to a current price of €82.00 — trading 175.5% above its estimated fair value. The current Gross Margin % is 75.87%, which is near median its 10-year median of 72.23 and 46.5% above the Telecommunication Services industry median of 51.78. Millicom International Cellular's overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Millicom International Cellular (STU:M4M1), the current Gross Margin % is 75.87% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Millicom International Cellular (STU:M4M1) Overvalued in 2026?

Based on GuruFocus' analysis, Millicom International Cellular stock appears to be overvalued. The current stock price of €82.00 is trading 175.5% above its estimated GF Value™ of €29.76. GuruFocus considers Millicom International Cellular to be Significantly Overvalued.

Key valuation signals for STU:M4M1:

  • Gross Margin %: 75.87% (near median its 10-year median of 72.23)
  • GF Value™: €29.76 vs. price of €82.00 (175.5% above fair value)
  • GF Score™: 63/100 with 10 warning signs
  • Industry Position: 46.5% above the Telecommunication Services median (#41 of 341)

No single metric tells the full story. See the STU:M4M1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Millicom International Cellular Business Description

Other Exchanges TIGO:USAM4M1:Germany
Address 8400 NW 36th Street, Suite 530, Doral, FL, USA, 33166
Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Ecuador, Uruguay, and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 145 million people, serving nearly 60 million customers. Its fixed-line networks reach 22 million homes, serving about 5.6 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm also formed a joint venture to acquire Telefónica's operations in Chile.
63GF Score

Get the complete analysis for STU:M4M1

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€82.00
Price
€29.76
GF Value