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Array Digital Infrastructure vs Millicom International Cellular: revenue, profit, margins and growth compared

Array Digital Infrastructure brought in $163M of revenue in fiscal 2025, Millicom International Cellular $5.8B in fiscal 2025. Revenue changed by -95.6% at Array Digital Infrastructure and +0.3% at Millicom International Cellular on the year before, so Millicom International Cellular grew faster. Array Digital Infrastructure kept 29.9% of its revenue as net profit, Millicom International Cellular 22.6%. Free cash flow was $173.6M at Array Digital Infrastructure and $1.1B at Millicom International Cellular.

Side by side, latest fiscal year

ADTIGO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$163M$5.8B
Revenue growth-95.6%+0.3%
Net income$48.8M$1.3B
Net margin29.9%22.6%
Free cash flow$173.6M$1.1B
Free cash flow margin106.6%18.6%
Earnings per share (diluted)$0.56$7.83
Cash$113.4M$1.6B
Debt$674.3M$6.9B
Price to earnings51.7n/a
Market value$2.5B$14.5B
Dividend yield79.47%n/a
Rank by revenue in sector#44 of 76 · Telecommunications#13 of 76 · Telecommunications

Over the years

Revenue
AD FY2018: $4BAD FY2019: $4BAD FY2020: $4BAD FY2021: $4.1BAD FY2022: $4.2BAD FY2023: $3.8BAD FY2024: $3.7BAD FY2025: $163MTIGO FY2018: $3.9BTIGO FY2019: $4.3BTIGO FY2020: $3.8BTIGO FY2021: $4.3BTIGO FY2022: $5.6BTIGO FY2023: $5.7BTIGO FY2024: $5.8BTIGO FY2025: $5.8BFY18FY19FY20FY21FY22FY23FY24FY25
AD $163MTIGO $5.8B
Net income
AD FY2018: $150MAD FY2019: $127MAD FY2020: $229MAD FY2021: $155MAD FY2022: $30MAD FY2023: $54.5MAD FY2024: -$39.4MAD FY2025: $48.8MTIGO FY2018: -$10MTIGO FY2019: $149MTIGO FY2020: -$344MTIGO FY2021: $590MTIGO FY2022: $177MTIGO FY2023: -$82MTIGO FY2024: $253MTIGO FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
AD $48.8MTIGO $1.3B
Net margin
AD FY2018: 3.8%AD FY2019: 3.2%AD FY2020: 5.7%AD FY2021: 3.8%AD FY2022: 0.7%AD FY2023: 1.4%AD FY2024: -1.1%AD FY2025: 29.9%TIGO FY2018: -0.3%TIGO FY2019: 3.4%TIGO FY2020: -9.0%TIGO FY2021: 13.8%TIGO FY2022: 3.1%TIGO FY2023: -1.4%TIGO FY2024: 4.4%TIGO FY2025: 22.6%FY18FY19FY20FY21FY22FY23FY24FY25
AD 29.9%TIGO 22.6%
Revenue growth
AD FY2019: +1.4%AD FY2020: +0.4%AD FY2021: +2.1%AD FY2022: +1.1%AD FY2023: -8.7%AD FY2024: -3.6%AD FY2025: -95.6%TIGO FY2019: +9.9%TIGO FY2020: -12.2%TIGO FY2021: +12.0%TIGO FY2022: +32.0%TIGO FY2023: +0.7%TIGO FY2024: +2.5%TIGO FY2025: +0.3%FY19FY20FY21FY22FY23FY24FY25
AD -95.6%TIGO +0.3%
Free cash flow
AD FY2018: $197MAD FY2019: $74MAD FY2020: $248MAD FY2021: $78MAD FY2022: $230MAD FY2023: $826.2MAD FY2024: $864MAD FY2025: $173.6MTIGO FY2018: $160MTIGO FY2019: $65MTIGO FY2020: $199MTIGO FY2021: $216MTIGO FY2022: $484MTIGO FY2023: $409MTIGO FY2024: $1.1BTIGO FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
AD $173.6MTIGO $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Array Digital Infrastructure and Millicom International Cellular

Which is bigger by revenue, Array Digital Infrastructure or Millicom International Cellular?

Millicom International Cellular is bigger by revenue: $5.8B in fiscal 2025, against $163M for Array Digital Infrastructure in fiscal 2025.

Which keeps more of its revenue as profit, Array Digital Infrastructure or Millicom International Cellular?

Array Digital Infrastructure had a net margin of 29.9% in fiscal 2025; Millicom International Cellular had 22.6% in fiscal 2025.

Which grew revenue faster, Array Digital Infrastructure or Millicom International Cellular?

In their latest fiscal years revenue changed by -95.6% at Array Digital Infrastructure and +0.3% at Millicom International Cellular.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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