Telecom Argentina S.A. Sponsored ADR (TEO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.34	$0.27	-20.6%	—	$2.6T	—
Q1 26	$0.66	$1.06	+60.6%	—	$2.4T	—
Q4 25	$0.2	$0.19	-5.0%	—	$2.7T	—
Q3 25	-$0.3	-$0.33	-10.0%	—	$2.1T	—
Q2 25	$0.12	-$0.3	-350.0%	—	$1.9T	—
Q1 25	$0.14	$0.18	+28.6%	—	$1.4T	—
Q3 24	$0.21	-$0.04	-119.0%	—	$692.4M	—
Q2 24	$0.59	$0.44	-25.4%	—	$856.1B	—
Q1 24	$1.23	$1.77	+43.9%	—	$683.9B	—
Q4 23	-$0.31	-$1.77	-471.0%	—	$1T	—
Q3 23	-$0.35	$0.22	+162.9%	—	$1T	—
Q2 23	$0.07	$0.03	-57.1%	—	$933.8B	—
Q1 23	$0.13	$0.28	+115.4%	—	$833.2B	—
Q4 22	$0.22	-$0.62	-381.8%	—	$258.2B	—
Q3 22	—	-$3.47	—	—	$353.2B	—
Q2 22	-$0.02	$0.07	+450.0%	—	$273.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$394.7	—	—	$8.3T	—
FY24	—	$2.4K	—	—	$4.1T	—
FY23	—	-$598.4	—	—	$2.1T	—
FY22	—	-$482.5	—	—	$2.3T

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$60.4B	$102.5B	$351.9B	$487.1B	$886.8B	$2.6T	$2.3T	$2.1T	$4.1T	$8.3T
YoY change	+49.2%	+69.7%	+243.3%	+38.4%	+82.1%	+191.1%	-12%	-9.32%	+100.9%	+101.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	60.4B	102.5B	351.9B	487.1B	886.8B	2.6T	2.3T	2.1T	4.1T	8.3T
Cost of revenue	17.9B	28B	91.9B	129.3B	222.2B	695.2B	595.4B	546.8B	1.1T	2T
Gross profit	42.5B	74.6B	260B	357.8B	664.6B	1.9T	1.7T	1.5T	3T	6.3T
Gross margin	70.3%	72.7%	73.9%	73.5%	74.9%	73.1%	73.8%	73.4%	73.3%	75.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	14.9B	25.3B	92.7B	129.7B	227.1B	745.7B	704.5B	655.7B	1.2T	2.3T
Operating expenses	17.2B	28.6B	106.1B	148.6B	255.3B	793.9B	752.1B	702B	1.3T	2.5T
Operating income	12.3B	22.3B	56.3B	50.7B	99.9B	78.8B	-27.1B	-52B	86B	861.4B
Operating margin	20.4%	21.7%	16%	10.4%	11.3%	3.05%	-1.19%	-2.53%	2.08%	10.3%
Non-operating income, net	-110M	-441M	-68.7B	-21.2B	-51.8B	224.8B	-788B	-646.2B	1.5T	-757.1B
Pretax income	16.6B	23.7B	5.7B	21.1B	9.3B	262.4B	-722.9B	-587.9B	1.4T	-191.7B
Income tax	6B	8.5B	-5.9B	29.1B	24.3B	202.1B	-82.5B	-338.3B	409.2B	-46.4B
Net income	10.5B	15.2B	11.6B	-8B	-15B	60.3B	-640.4B	-249.7B	1T	-145.3B
Net margin	17.5%	14.8%	3.29%	-1.64%	-1.69%	2.34%	-28.2%	-12.1%	25%	-1.74%
EBITDA	26.5B	41.3B	153.1B	184.7B	350.8B	957.7B	890.2B	819B	1.4T	3.1T
EPS	20.5	21.1	12.3	-10.2	-13.3	20.1	-482.5	-598.4	2.4K	-394.7
Diluted EPS	20.5	21.1	12.3	-10.2	-13.3	20.1	-482.5	-598.4	2.4K	-394.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1T	1T	683.9B	856.1B	692.4M	1.3T	1.4T	1.9T	2.1T	2.7T	2.4T	2.6T
Cost of revenue	271.1B	274.5B	186.4B	228.5B	182.5M	341.9B	345.1B	464.9B	526.6B	640.7B	557.5B	581.5B
Gross profit	759.1B	753.9B	497.5B	627.6B	509.9M	943.4B	1T	1.4T	1.5T	2.1T	1.8T	2T
Gross margin	73.7%	73.3%	72.7%	73.3%	73.6%	73.4%	74.7%	75.7%	74.5%	76.3%	76.4%	77.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	310.2B	344.2B	188.8B	243.9B	198.5M	377.4B	71.3B	107.1B	103.9B	2T	107.6B	120.7B
Operating expenses	352.7B	368.6B	205.3B	268.1B	221.6M	420.3B	139.9B	212.1B	176.4B	2T	215.1B	218.2B
Operating income	-37.4B	-37B	-9.3B	-19.1B	-1.2M	121.6B	405.4B	563B	673.8B	-864.4B	823.8B	921.3B
Operating margin	-3.63%	-3.6%	-1.37%	-2.23%	-0.18%	9.46%	29.7%	29.5%	32.6%	-31.9%	34.9%	36%
Non-operating income, net	-20B	-602.7B	893.8B	241.6B	15.9M	3.7B	-171.9B	-791.5B	-836.1B	1.1T	209.3B	-611.6B
Pretax income	21.2B	-597.2B	885.9B	170.4B	3.7M	68.4B	212.9B	-266.8B	-293.4B	145.2B	963.6B	293B
Income tax	-77.8B	-262.4B	210.8B	111.5B	11.8M	-12.9B	119.7B	-92.5B	-100.9B	18B	320.7B	110.4B
Net income	99B	-334.9B	675B	58.9B	-8.1M	81.3B	93.2B	-174.4B	-192.5B	127.2B	643B	182.6B
Net margin	9.61%	-32.6%	98.7%	6.88%	-1.17%	6.33%	6.84%	-9.12%	-9.32%	4.7%	27.3%	7.14%
EBITDA	346.9B	385.4B	250.5B	237.6B	228.2M	498.5B	785.5B	1.1T	1.2T	-92.8B	1.4T	1.6T
EPS	217.3	-887.7	1.6K	126.8	-38	-3.69	206.8	-413.5	-465.1	329.4	1.5K	404.3
Diluted EPS	217.3	-887.7	1.6K	126.8	-38	-3.69	206.8	-413.5	-465.1	329.4	1.5K	404.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.7T	—	—	5.1T	3T	2.3T	2.5T	3.3T	—	5B	5.2B
Enterprise value	3.7T	—	—	5.3T	3.3T	2.8T	3.9T	5.2T	—	5.1T	3.4B
Shares outstanding	203.8B	380.7B	452.8B	452.8B	452.8B	452.8B	452.8B	458.2B	430.7M	430.7M	430.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	351.1	—	—	—	—	38.3	—	—	—	—	10.3
P/S	61.3	—	—	10.6	3.35	0.89	1.09	1.59	—	0	0
P/B	186.2	—	—	12.2	5.06	2.16	0.98	1.46	—	0	0.92
EV/EBITDA	139.8	—	—	28.8	9.27	2.93	4.35	6.37	—	1.64	1.98
EV/Sales	61.4	—	—	10.9	3.67	1.09	1.7	2.53	—	0.61	0.58
Earnings yield	0.28%	—	—	—	—	2.61%	—	—	—	—	9.76%
FCF yield	0.18%	—	—	1.24%	4.51%	14.2%	11.6%	4.71%	—	17.9K%	10.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	70.3%	72.7%	73.9%	73.5%	74.9%	73.1%	73.8%	73.4%	73.3%	75.4%	77.3%
Operating margin	20.4%	21.7%	16%	10.4%	11.3%	3.05%	-1.19%	-2.53%	2.08%	10.3%	14%
Net margin	17.5%	14.8%	3.29%	-1.64%	-1.69%	2.34%	-28.2%	-12.1%	25%	-1.74%	8.91%
ROE	53.1%	27.6%	3.29%	-1.89%	-2.56%	5.63%	-25.3%	-11.1%	18.7%	-2.08%	10.8%
ROA	22%	16.1%	2.03%	-1.01%	-1.32%	2.87%	-11.9%	-4.56%	9.44%	-0.87%	3.12%
ROIC	30.1%	22.2%	12.2%	0%	0%	1.16%	-0.69%	-1.24%	0.74%	7.16%	7.62%
Return on tangible assets	32.2%	72.6%	63.2%	-13.7%	-24.7%	95%	-89.5%	-43.3%	256%	-6.08%	26.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.94	0.57	0.63	0.59	0.5	0.39	0.39	0.44	0.39	0.48	0.58
Quick ratio	0.87	0.56	0.58	0.55	0.47	0.37	0.37	0.42	0.35	0.46	0.55
Debt / equity	0.6	0.29	0.35	0.51	0.54	0.52	0.61	0.99	0.56	0.83	0.67
Debt / assets	0.25	0.17	0.21	0.27	0.28	0.26	0.29	0.41	0.28	0.35	0.31
Net debt / EBITDA	0.23	0.23	0.71	0.97	0.8	0.52	1.57	2.37	1.92	1.64	1.22
Interest coverage	10.4	15.5	1.62	1.96	1.2	3.54	-14.5	-9.05	9.66	0.6	2.78
Effective tax rate	36.3%	35.9%	0%	100%	100%	77%	0%	0%	28.4%	0%	31.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0.3	0.27	0.78	1.08	1.96	5.7	5.02	4.49	9.6K	19.3K	20.7K
EPS (basic)	20.5	21.1	12.3	-10.2	-13.3	20.1	-482.5	-598.4	2.4K	-394.7	-394.7
EPS (diluted)	20.5	21.1	12.3	-10.2	-13.3	20.1	-482.5	-598.4	2.4K	-394.7	1.22
Book value per share	0.1	0.14	0.78	0.93	1.3	2.37	5.59	4.9	12.8K	16.2K	13.6
FCF per share	0.03	0.01	-0	0.14	0.3	0.72	0.63	0.34	968.8	2.1K	2.7K
Cash per share	0.03	0.02	0.03	0.08	0.08	0.13	0.33	0.62	817	1.8K	2.2K
Capex per share	0.1	0.08	0.14	0.22	0.34	0.98	0.8	0.57	794.5	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	32.1%	28.7%	18.4%	20.7%	17.3%	17.3%	16%	12.8%	8.27%	—	—
Capex / operating cash flow	72.6%	73.9%	82.7%	74%	63.5%	64.7%	-232.6%	56.6%	58.8%	—	—
Payout ratio	28.5%	26.5%	614.6%	-913.8%	-7.19%	0%	0%	0%	0%	-14%	3.39%
Dividend yield	0.08%	—	—	1.42%	0.04%	0%	0%	0%	—	405.6%	7.94%

Yield

7.94%

trailing twelve months

Frequency

Annual

Last dividend

$0.24

ex-dividend Nov 29, 2024

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Nov 29, 2024	$0.24
May 19, 2023	$0.245
Jun 24, 2022	$0.314
Sep 2, 2021	$0.454
Nov 20, 2020	$0.3715
Oct 18, 2019	$0.6965
Aug 16, 2019	$0.2888
May 3, 2019	$0.3258

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1T	$1T	$683.9B	$856.1B	$692.4M	$1.3T	$1.4T	$1.9T	$2.1T	$2.7T	$2.4T	$2.6T
YoY change	+191.7%	+298.2%	-17.9%	-8.33%	-99.9%	+25%	+99.3%	+123.3%	+298.2K%	+110.6%	+72.9%	+33.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	5.7B	6.7B	12.7B	35.4B	35.8B	59.7B	150.8B	283.7B	351.9B	771.7B
Receivables	7.6B	3.3B	30.8B	29.5B	43.8B	63B	165B	167.9B	390.7B	799.2B
Inventory	1.3B	136M	4.2B	4.4B	5.6B	6.1B	20.1B	31.5B	60.4B	79.5B
Total current assets	15.6B	10.6B	51.5B	69.1B	80.4B	126.9B	351.8B	492.4B	754.9B	1.8T
Property, plant & equipment	20.5B	45.9B	232.1B	347.8B	511.1B	943.9B	2.7T	2.5T	4.8T	7.5T
Goodwill & intangibles	15.2B	73.2B	553.5B	728.9B	1.1T	2T	4.7T	4.9T	10.5T	14.2T
Total assets	47.9B	94.1B	571.9B	787.1B	1.1T	2.1T	5.4T	5.5T	10.9T	16.6T
Accounts payable	8.6B	5.7B	35.2B	43.5B	59.4B	95.9B	278B	359.2B	444.7B	1.1T
Short-term debt	3.3B	1.4B	30.7B	51.1B	67.1B	137.9B	447.6B	592.8B	1.1T	1.8T
Total current liabilities	16.5B	18.6B	82.2B	117.1B	160.1B	322.5B	897.8B	1.1T	2T	3.8T
Long-term debt	8.6B	14.6B	91.2B	163.9B	249.9B	418.5B	1.1T	1.6T	1.9T	4.1T
Total liabilities	28B	39B	219.7B	365.3B	548.2B	1T	2.9T	3.2T	5.4T	9.6T
Shareholders' equity	19.9B	55B	352.1B	421.8B	586.9B	1.1T	2.5T	2.2T	5.5T	7T
Total debt	11.9B	16B	121.9B	215B	316.9B	556.4B	1.6T	2.2T	3.1T	5.8T
Net debt	8B	9.5B	111.3B	180.2B	289B	517.8B	1.4T	2.1T	2.8T	5.4T

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	134.9B	283.7B	465.7B	371.9B	238.1M	351.9B	518.8B	369.1B	672.4B	771.7B	1.1T	956.7B
Receivables	95.7B	167.9B	208.6B	252.3B	234.3M	390.7B	726.1B	728.4B	776.9B	799.2B	797.8B	813.3B
Inventory	22B	31.5B	44.2B	42.2B	37.4M	60.4B	117.9B	120.5B	86.9B	79.5B	67.9B	87.7B
Total current assets	258.8B	492.4B	770.3B	739.9B	505.5M	754.9B	1.5T	1.4T	1.7T	1.8T	2.2T	2.1T
Property, plant & equipment	1.6T	2.5T	3.6T	4.1T	3.2B	4.8T	6.1T	6.3T	6.7T	7.5T	8.2T	8.7T
Goodwill & intangibles	3T	4.9T	7.4T	8.7T	6.9B	10.5T	12.1T	12.7T	13.5T	14.2T	15.4T	16.4T
Total assets	3.4T	5.5T	8.1T	9.3T	7.2B	10.9T	14T	14.6T	15.6T	16.6T	18.3T	19.3T
Accounts payable	173.1B	359.2B	418B	391.4B	276.5M	444.7B	846B	938.5B	962B	1.1T	998.6B	1.1T
Short-term debt	304.3B	592.8B	894.9B	877.6B	787M	1.1T	1.3T	1.5T	1.6T	1.8T	1.5T	1.3T
Total current liabilities	572.3B	1.1T	1.5T	1.5T	1.3B	2T	3.1T	3.2T	3.3T	3.8T	3.7T	3.6T
Long-term debt	673.3B	1.6T	1.7T	1.8T	1.2B	1.9T	3.1T	3.2T	3.9T	4.1T	4.4T	4.8T
Total liabilities	1.7T	3.2T	4.2T	4.6T	3.5B	5.4T	7.9T	8.3T	9.1T	9.6T	10.1T	10.3T
Shareholders' equity	1.7T	2.2T	4T	4.7T	3.7B	5.5T	6.1T	6.3T	6.5T	7T	8.2T	8.9T
Total debt	977.6B	2.2T	2.6T	2.7T	2B	3.1T	4.4T	4.7T	5.5T	5.8T	5.9T	6T
Net debt	881.7B	2.1T	2.4T	2.6T	1.9B	2.8T	4T	4.4T	5.1T	5.4T	5.2T	5.6T

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	10.5B	15.2B	11.6B	-8B	-15B	60.3B	-640.4B	-249.7B	1T	-145.3B
Depreciation & amortization	7.9B	15.1B	69.2B	120.7B	241.7B	814.5B	776B	704.1B	1.3T	2T
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	315M	-2.6B	-31.7B	-29B	-44.6B	-40.8B	-10.2B	67.6B	-335B	-156.7B
Operating cash flow	26.7B	39.7B	78.2B	136.3B	241.7B	688.6B	-156.5B	464.4B	581.5B	2.4T
Capital expenditure	-19.4B	-29.4B	-64.6B	-100.8B	-153.6B	-445.4B	-364B	-262.8B	-342.2B	—
Investing cash flow	-23.9B	-27.7B	-41.3B	-89B	-234.6B	-684.3B	-502.2B	-395.3B	-338.3B	-1.6T
Dividends paid	-3B	-4B	-71.3B	-73B	-1.1B	0	0	0	0	-20.3B
Share repurchases	—	—	—	-125M	0	-59M	—	—	—	—
Financing cash flow	-2B	-5.4B	-20.4B	-35.4B	-44B	39.5B	1.3B	110.8B	-80.3B	1.1T
Net change in cash	800M	6.7B	16.5B	12B	-36.8B	43.8B	-657.4B	179.8B	162.9B	2T
Free cash flow	6.6B	4.4B	-339M	64B	134.1B	327B	285.1B	154.2B	417.3B	895.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-61.2B	-334.9B	675B	184.2B	-173.3M	81.3B	—	-199.1B	-171.6B	127.2B	643B	226.1B
Depreciation & amortization	-286.3B	355.7B	233.2B	324.4B	107.3M	382.8B	—	381.3B	253.8B	684.4B	523.8B	619B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-11.8B	92.5B	-56.9B	-66.7B	-64.1M	-71.6B	—	-114.4B	165.1B	114B	-137B	-3.8B
Operating cash flow	-169.7B	213.7B	111.8B	139.1B	6.6M	222.4B	—	324.1B	379.1B	1.1T	765.3B	947.1B
Capital expenditure	-175.5B	-143.9B	-65.5B	-102.8B	22.6M	-139.7B	—	—	—	—	—	—
Investing cash flow	-191.5B	-176.2B	-218.5B	91.7B	79.9M	-121.4B	-1.3T	427.6B	-1.8T	336.2B	-193.8B	-2.1B
Dividends paid	-2.6B	2.6B	0	0	0	0	—	0	0	-20.3B	0	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-68.1B	73.7B	104.1B	-100.9B	-37.8M	-19.9B	—	-395.7B	-422.6B	77.4B	212.9B	-284B
Net change in cash	-429.3B	111.2B	-2.6B	129.9B	48.7M	81B	-1.3T	356B	-1.9T	1.5T	784.4B	661B
Free cash flow	240.4B	-19.8B	97.2B	-12B	34.3M	174.1B	83.8B	113.9B	219.9B	374.8B	299.5B	285.7B

Telecom Argentina S.A. Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement