Stocks Comparison
Millicom International Cellular vs VEON: revenue, profit, margins and growth compared
Millicom International Cellular brought in $5.8B of revenue in fiscal 2025, VEON $4.4B in fiscal 2025. Revenue changed by +0.3% at Millicom International Cellular and +9.9% at VEON on the year before, so VEON grew faster. Millicom International Cellular kept 22.6% of its revenue as net profit, VEON 13.4%.
Side by side, latest fiscal year
| TIGO | VEON | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $5.8B | $4.4B |
| Revenue growth | +0.3% | +9.9% |
| Net income | $1.3B | $591M |
| Net margin | 22.6% | 13.4% |
| Free cash flow | $1.1B | n/a |
| Free cash flow margin | 18.6% | n/a |
| Earnings per share (diluted) | $7.83 | $0.30 |
| Cash | $1.6B | $1.7B |
| Debt | $6.9B | $3.1B |
| Price to earnings | n/a | n/a |
| Market value | $15B | $4.8B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #13 of 75 · Telecommunications | #18 of 75 · Telecommunications |
Over the years
Questions about Millicom International Cellular and VEON
Which is bigger by revenue, Millicom International Cellular or VEON?
Millicom International Cellular is bigger by revenue: $5.8B in fiscal 2025, against $4.4B for VEON in fiscal 2025.
Which keeps more of its revenue as profit, Millicom International Cellular or VEON?
Millicom International Cellular had a net margin of 22.6% in fiscal 2025; VEON had 13.4% in fiscal 2025.
Which grew revenue faster, Millicom International Cellular or VEON?
In their latest fiscal years revenue changed by +0.3% at Millicom International Cellular and +9.9% at VEON.
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.