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Spok vs Millicom International Cellular: revenue, profit, margins and growth compared

Spok brought in $139.7M of revenue in fiscal 2025, Millicom International Cellular $5.8B in fiscal 2025. Revenue changed by +1.5% at Spok and +0.3% at Millicom International Cellular on the year before, so Spok grew faster. Spok kept 11.4% of its revenue as net profit, Millicom International Cellular 22.6%. Free cash flow was $25.2M at Spok and $1.1B at Millicom International Cellular.

Side by side, latest fiscal year

SPOKTIGO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$139.7M$5.8B
Revenue growth+1.5%+0.3%
Net income$15.9M$1.3B
Net margin11.4%22.6%
Free cash flow$25.2M$1.1B
Free cash flow margin18.0%18.6%
Earnings per share (diluted)$0.75$7.83
Cash$25.3M$1.6B
Debtn/a$6.9B
Price to earnings15.8n/a
Market value$248.1M$14.9B
Dividend yield10.54%n/a
Rank by revenue in sector#46 of 76 · Telecommunications#13 of 76 · Telecommunications

Over the years

Revenue
SPOK FY2018: $169.5MSPOK FY2019: $160.3MSPOK FY2020: $148.2MSPOK FY2021: $142.2MSPOK FY2022: $134.5MSPOK FY2023: $139MSPOK FY2024: $137.7MSPOK FY2025: $139.7MTIGO FY2018: $3.9BTIGO FY2019: $4.3BTIGO FY2020: $3.8BTIGO FY2021: $4.3BTIGO FY2022: $5.6BTIGO FY2023: $5.7BTIGO FY2024: $5.8BTIGO FY2025: $5.8BFY18FY19FY20FY21FY22FY23FY24FY25
SPOK $139.7MTIGO $5.8B
Net income
SPOK FY2018: -$1.5MSPOK FY2019: -$10.8MSPOK FY2020: -$44.2MSPOK FY2021: -$22.2MSPOK FY2022: $21.9MSPOK FY2023: $15.7MSPOK FY2024: $15MSPOK FY2025: $15.9MTIGO FY2018: -$10MTIGO FY2019: $149MTIGO FY2020: -$344MTIGO FY2021: $590MTIGO FY2022: $177MTIGO FY2023: -$82MTIGO FY2024: $253MTIGO FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
SPOK $15.9MTIGO $1.3B
Net margin
SPOK FY2018: -0.9%SPOK FY2019: -6.7%SPOK FY2020: -29.8%SPOK FY2021: -15.6%SPOK FY2022: 16.2%SPOK FY2023: 11.3%SPOK FY2024: 10.9%SPOK FY2025: 11.4%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
SPOK 11.4%TIGO 22.6%
Revenue growth
SPOK FY2019: -5.4%SPOK FY2020: -7.6%SPOK FY2021: -4.1%SPOK FY2022: -5.4%SPOK FY2023: +3.3%SPOK FY2024: -1.0%SPOK FY2025: +1.5%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
SPOK +1.5%TIGO +0.3%
Free cash flow
SPOK FY2018: $4.4MSPOK FY2019: $6.9MSPOK FY2020: $22.7MSPOK FY2021: $3.6MSPOK FY2022: $2.7MSPOK FY2023: $22.8MSPOK FY2024: $25.7MSPOK FY2025: $25.2MTIGO FY2018: $160MTIGO FY2019: $65MTIGO FY2020: $199MTIGO FY2021: $216MTIGO FY2022: $484MTIGO FY2023: $409MTIGO FY2024: $1.1BTIGO FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
SPOK $25.2MTIGO $1.1B

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

Questions about Spok and Millicom International Cellular

Which is bigger by revenue, Spok or Millicom International Cellular?

Millicom International Cellular is bigger by revenue: $5.8B in fiscal 2025, against $139.7M for Spok in fiscal 2025.

Which keeps more of its revenue as profit, Spok or Millicom International Cellular?

Spok had a net margin of 11.4% in fiscal 2025; Millicom International Cellular had 22.6% in fiscal 2025.

Which grew revenue faster, Spok or Millicom International Cellular?

In their latest fiscal years revenue changed by +1.5% at Spok 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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