TIMBNYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31
TIM S.A.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 30, 2026
$18.67+0.00 (0.00%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
53.9%+0.2 pts over 5 years
Operating margin
23.8%+7.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.6% | +7.3% | +9.0% | – | |
| Gross profit | +5.9% | +9.7% | +9.1% | – | |
| Operating income | +15.2% | +26.2% | +17.7% | – | |
| EPS, diluted | +36.9% | +37.1% | +18.6% | – | |
| Free cash flow | +14.4% | +26.2% | +13.2% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | 1.25 | 0.89 | |
| Net debt to EBITDA | – | -0.03× | -0.06× | |
| Interest coverage | – | 2.3× | 1.9× | |
| Inventory turnover | – | 35.5× | 37.7× | |
| Capex to revenue | – | 22.5% | 17.1% | |
| Diluted shares | – | 2M | 2.41B |
Where the cash went
Fiscal 2021 to 2025, five years combined
TIM generated 57.26B BRL from operations and spent 36.11B BRL on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
57.26B BRL
Used
36.11B BRL
Capital expenditure23.61B BRL65%Dividends12.50B BRL35%Share buybacks0 BRL0%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero13.44B BRL
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income13.44B BRL vs –
- Less leverageLong-term debt to assets fell4.8% → 3.3%
- Better liquidityCurrent ratio rose0.99 → 0.89
- No dilutionShare count did not rise2.42B → 2.41B
- Gross margin improvedGross margin up on the prior year53.26% → 53.93%
- More efficientAsset turnover rose0.46 → 0.47