AD vs TIGO
Array Digital Infrastructure, Inc. and Millicom International Cellular SA, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AD | TIGO |
|---|---|---|
| Revenue | $163.0M | $5.8B |
| Net income | $48.8M | $1.3B |
| Gross margin | 51.2% | 77.5% |
| Net margin | 42.5% | 23.4% |
| Return on equity | 1.4% | 36.2% |
| Diluted EPS | $0.56 | $7.83 |
| Dividend / share | $23.00 | · |
| Payout ratio | · | · |
| Free cash flow | $173.6M | $1.1B |
| Equity | $2.6B | $3.6B |
| Net debt / equity | 0.22× | 1.47× |
| Current ratio | 0.72× | · |
| Revenue CAGR 5y | · | 8.9% |
| Profit CAGR 5y | −26.6% | · |
TIGO bills 35.7× the revenue of AD, and AD keeps more of each dollar of revenue as profit (42.5% against 23.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AD | TIGO |
|---|---|---|
| FY2025 | $163.0M | $5.8B |
| FY2024 | $102.9M | $5.8B |
| FY2023 | $100.5M | $5.7B |
| FY2022 | $4.2B | $5.6B |
| FY2021 | $4.1B | $4.3B |
| FY2020 | $4.0B | $3.8B |
| FY2019 | $4.0B | $4.3B |
| FY2018 | $4.0B | $3.9B |
| FY2017 | $3.9B | $3.9B |
| FY2016 | $4.0B | $4.0B |
Bottom line
| Fiscal year | AD | TIGO |
|---|---|---|
| FY2025 | $48.8M | $1.3B |
| FY2024 | $-39.4M | $253.0M |
| FY2023 | $54.5M | $-82.0M |
| FY2022 | $30.0M | $177.0M |
| FY2021 | $155.0M | $590.0M |
| FY2020 | $229.0M | $-344.0M |
| FY2019 | $127.0M | $149.0M |
| FY2018 | $150.0M | $-10.0M |
| FY2017 | $12.0M | $87.0M |
| FY2016 | $48.0M | $-32.0M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$5,656,039,000 | TIGO |
| FY2024 | −$5,701,067,000 | TIGO |
| FY2023 | −$5,560,531,000 | TIGO |
| FY2022 | −$1,455,000,000 | TIGO |
| FY2021 | −$139,000,000 | TIGO |
| FY2020 | +$232,000,000 | AD |
| FY2019 | −$314,000,000 | TIGO |
| FY2018 | +$21,000,000 | AD |
| FY2017 | −$46,000,000 | TIGO |
| FY2016 | −$53,000,000 | TIGO |
The higher-revenue side has changed between AD and TIGO over this period. The gap has widened since the earliest year compared.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +19.1 pp | AD |
| FY2024 | −35.3 pp | TIGO |
| FY2023 | +62.0 pp | AD |
| FY2022 | −1.5 pp | TIGO |
| FY2021 | −8.8 pp | TIGO |
| FY2020 | +15.9 pp | AD |
| FY2019 | −0.2 pp | TIGO |
| FY2018 | +4.8 pp | AD |
| FY2017 | −1.4 pp | TIGO |
| FY2016 | +3.5 pp | AD |
The higher net margin has changed hands between AD and TIGO over this period.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AD's net margin has been more volatile than TIGO's over the 10 comparable fiscal years — 23.1 percentage points of standard deviation against 8.8.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AD and TIGO over these 10 fiscal years — AD led in 5 and TIGO in 5.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TIGO's return on equity has been more volatile than AD's over the 10 comparable fiscal years — 13.8 percentage points of standard deviation against 1.8.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AD and TIGO over these 10 fiscal years — AD led in 4 and TIGO in 6.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.