TIGO vs. NFLX

Last updated Apr 1, 2026

Compare and contrast key facts about Millicom International Cellular S.A. (TIGO) and Netflix, Inc. (NFLX).

Performance

TIGO vs. NFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Millicom International Cellular S.A. (TIGO) and Netflix, Inc. (NFLX). The values are adjusted to include any dividend payments, if applicable.

TIGO vs. NFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIGO Millicom International Cellular S.A.	37.18%	152.35%	38.94%	42.52%	-55.61%	-26.64%	-19.59%	-20.28%	-1.32%	66.94%
NFLX Netflix, Inc.	2.55%	5.19%	83.07%	65.11%	-51.05%	11.41%	67.11%	20.89%	39.44%	55.06%

Fundamentals

Market Cap TIGO : $12.59B NFLX : $415.09B
EPS TIGO : $7.84 NFLX : $2.53
PE Ratio TIGO : 9.56 NFLX : 37.96
PEG Ratio TIGO : 0.03 NFLX : 1.50
PS Ratio TIGO : 2.16 NFLX : 9.23
PB Ratio TIGO : 3.46 NFLX : 15.60
Total Revenue (TTM) TIGO : $5.82B NFLX : $45.18B
Gross Profit (TTM) TIGO : $4.21B NFLX : $21.91B
EBITDA (TTM) TIGO : $3.40B NFLX : $30.25B

Returns By Period

In the year-to-date period, TIGO achieves a 37.18% return, which is significantly higher than NFLX's 2.55% return. Over the past 10 years, TIGO has underperformed NFLX with an annualized return of 6.75%, while NFLX has yielded a comparatively higher 24.71% annualized return.

TIGO

• 1D: 2.48%
• 1M: 2.81%
• YTD: 37.18%
• 6M: 63.41%
• 1Y: 174.64%
• 3Y*: 66.02%
• 5Y*: 17.59%
• 10Y*: 6.75%

NFLX

• 1D: 3.42%
• 1M: -0.09%
• YTD: 2.55%
• 6M: -19.80%
• 1Y: 3.11%
• 3Y*: 40.66%
• 5Y*: 12.25%
• 10Y*: 24.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TIGO vs. NFLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIGO

TIGO Risk / Return Rank: 99
TIGO Sharpe Ratio Rank: 99
TIGO Sortino Ratio Rank: 98
TIGO Omega Ratio Rank: 98
TIGO Calmar Ratio Rank: 99
TIGO Martin Ratio Rank: 99

NFLX

NFLX Risk / Return Rank: 43
NFLX Sharpe Ratio Rank: 45
NFLX Sortino Ratio Rank: 40
NFLX Omega Ratio Rank: 40
NFLX Calmar Ratio Rank: 45
NFLX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIGO vs. NFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Millicom International Cellular S.A. (TIGO) and Netflix, Inc. (NFLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TIGO	NFLX	Difference
Sharpe ratio Return per unit of total volatility	4.98	0.09	+4.89
Sortino ratio Return per unit of downside risk	4.77	0.38	+4.38
Omega ratio Gain probability vs. loss probability	1.67	1.05	+0.62
Calmar ratio Return relative to maximum drawdown	15.86	0.07	+15.79
Martin ratio Return relative to average drawdown	44.73	0.14	+44.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIGO vs. NFLX - Sharpe Ratio Comparison

The current TIGO Sharpe Ratio is 4.98, which is higher than the NFLX Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of TIGO and NFLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TIGO	NFLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.98	0.09	+4.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.29	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.60	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.59	-0.59

Correlation

The correlation between TIGO and NFLX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TIGO vs. NFLX - Dividend Comparison

TIGO's dividend yield for the trailing twelve months is around 5.67%, while NFLX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TIGO Millicom International Cellular S.A.	5.67%	8.12%	0.00%	0.00%	0.00%	0.00%	0.00%	5.47%	4.15%	3.92%	6.23%
NFLX Netflix, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TIGO vs. NFLX - Drawdown Comparison

The maximum TIGO drawdown since its inception was -88.26%, which is greater than NFLX's maximum drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for TIGO and NFLX.

Drawdown Indicators

	TIGO	NFLX	Difference
Max Drawdown Largest peak-to-trough decline	-88.26%	-81.99%	-6.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-43.35%	+32.30%
Max Drawdown (5Y) Largest decline over 5 years	-76.88%	-75.95%	-0.93%
Max Drawdown (10Y) Largest decline over 10 years	-84.51%	-75.95%	-8.56%
Current Drawdown Current decline from peak	-3.78%	-28.20%	+24.42%
Average Drawdown Average peak-to-trough decline	-46.28%	-24.85%	-21.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	20.54%	-16.62%

Volatility

TIGO vs. NFLX - Volatility Comparison

Millicom International Cellular S.A. (TIGO) has a higher volatility of 11.65% compared to Netflix, Inc. (NFLX) at 6.96%. This indicates that TIGO's price experiences larger fluctuations and is considered to be riskier than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIGO	NFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.65%	6.96%	+4.69%
Volatility (6M) Calculated over the trailing 6-month period	27.28%	26.41%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	35.29%	34.11%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.36%	42.93%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.27%	41.66%	-3.39%

Financials

TIGO vs. NFLX - Profitability Comparison

The chart below illustrates the profitability comparison between Millicom International Cellular S.A. and Netflix, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TIGO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Millicom International Cellular S.A. reported a gross profit of 1.29B and revenue of 1.65B. Therefore, the gross margin over that period was 77.8%.

NFLX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Netflix, Inc. reported a gross profit of 5.53B and revenue of 12.05B. Therefore, the gross margin over that period was 45.9%.

TIGO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Millicom International Cellular S.A. reported an operating income of 469.00M and revenue of 1.65B, resulting in an operating margin of 28.4%.

NFLX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Netflix, Inc. reported an operating income of 2.96B and revenue of 12.05B, resulting in an operating margin of 24.5%.

TIGO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Millicom International Cellular S.A. reported a net income of 252.00M and revenue of 1.65B, resulting in a net margin of 15.3%.

NFLX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Netflix, Inc. reported a net income of 2.42B and revenue of 12.05B, resulting in a net margin of 20.1%.