TIM S.A. Sponsored ADR (TIMB) 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	$0.47	$0.42	-10.6%	—	$7B	—
Q1 26	$0.38	$0.35	-7.9%	—	$6.8B	—
Q4 25	$0.42	$0.54	+28.6%	—	$6.9B	—
Q3 25	$2.94	$2.57	-12.6%	—	$6.7B	—
Q2 25	$0.33	$0.36	+9.1%	—	$6.6B	—
Q1 25	$0.27	$0.29	+7.4%	—	$6.4B	—
Q4 24	$0.4	$0.37	-7.5%	—	$6.6B	—
Q3 24	$0.32	$0.28	-12.5%	—	$1.2B	—
Q2 24	$0.32	$0.28	-12.5%	—	$6.3B	—
Q1 24	$0.26	$0.21	-19.2%	—	$6.1B	—
Q4 23	$0.41	$0.36	-12.2%	—	$6.3B	—
Q3 23	$0.24	$0.31	+29.2%	—	$6.1B	—
Q2 23	$0.08	$0.28	+250.0%	—	$5.9B	—
Q1 23	$0.09	$0.18	+100.0%	—	$5.6B	—
Q4 22	$0.18	$0.23	+27.8%	—	$5.8B	—
Q3 22	$0.12	$0.19	+58.3%	—	$5.6B	—

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	—	$8.95	—	—	$26.6B	—
FY24	—	$6.5	—	—	$25.4B	—
FY23	—	$5.85	—	—	$23.8B	—
FY22	—	$3.5	—	—	$21.5B

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	$15.6B	$16.2B	$17B	$17.4B	$17.3B	$18.1B	$21.5B	$23.8B	$25.4B	$26.6B
YoY change	-8.9%	+3.95%	+4.6%	+2.33%	-0.63%	+4.58%	+19.2%	+10.7%	+6.77%	+4.62%

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	15.6B	16.2B	17B	17.4B	17.3B	18.1B	21.5B	23.8B	25.4B	26.6B
Cost of revenue	8B	8B	7.7B	7.4B	8B	8.4B	10.7B	11.5B	11.9B	12.3B
Gross profit	7.7B	8.2B	9.3B	9.9B	9.3B	9.6B	10.9B	12.3B	13.6B	14.4B
Gross margin	49%	50.7%	54.6%	57.2%	53.7%	53.2%	50.5%	51.8%	53.3%	53.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.5B	5.4B	5.9B	5.9B	6.1B	4.1B	5.1B	5.2B	5.3B	5.2B
Operating expenses	5.5B	5.4B	5.8B	6B	6.1B	4.1B	5.1B	5.2B	5.3B	5.2B
Operating income	1.7B	2.3B	2.8B	4.9B	3.2B	3.3B	3.5B	4.8B	5.8B	6.6B
Operating margin	10.8%	13.9%	16.7%	28.4%	18.3%	18.2%	16.2%	20.3%	22.9%	25%
Non-operating income, net	-274.3M	-319.2M	-409.4M	-421.7M	-210.8M	760.6M	-126.7M	-85.4M	-232.2M	-574.2M
Pretax income	1B	1.4B	1.9B	4.5B	2B	3.1B	1.7B	3.2B	3.6B	4.6B
Income tax	262.9M	201M	-664.9M	913.9M	164.2M	146.1M	50.2M	346.6M	468.6M	248M
Net income	750.4M	1.2B	2.5B	3.6B	1.8B	3B	1.7B	2.8B	3.2B	4.3B
Net margin	4.81%	7.6%	15%	20.8%	10.6%	16.4%	7.76%	11.9%	12.4%	16.2%
EBITDA	5.8B	6.3B	6.7B	11.1B	8.5B	9.4B	10.8B	12.4B	13.1B	14.4B
EPS	1.55	2.55	5.25	7.5	0.4	6.11	3.5	5.85	6.5	8.95
Diluted EPS	1.55	2.55	5.25	7.5	0.4	6.11	3.5	5.85	6.5	8.95

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	6.1B	6.3B	6.1B	6.3B	1.2B	6.6B	6.4B	6.6B	6.7B	6.9B	6.8B	7B
Cost of revenue	2.8B	2.9B	3B	2.9B	554.5M	3.1B	3.1B	3.1B	3B	3.1B	3.2B	3.1B
Gross profit	3.2B	3.4B	3.1B	3.4B	648.2M	3.6B	3.3B	3.5B	3.7B	3.9B	3.6B	3.9B
Gross margin	53.1%	53.6%	51.6%	53.7%	53.9%	53.8%	51.8%	53.2%	54.9%	55.6%	52.4%	55.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.9B	1.3B	1.3B	1.9B	363.7M	1.3B	1.3B	1.9B	1.9B	1.3B	1.3B	2.1B
Operating expenses	2B	1.2B	1.3B	2B	377.3M	1.3B	1.3B	1.9B	1.9B	1.3B	1.3B	2.1B
Operating income	1.2B	1.5B	1.2B	1.4B	270.9M	1.7B	1.4B	1.6B	1.8B	1.9B	1.6B	1.7B
Operating margin	20.5%	24.6%	20.1%	22.2%	22.5%	26.2%	21.6%	23.9%	26.2%	27.8%	23.1%	24.7%
Non-operating income, net	-18.6M	124M	-195.6M	-74K	-3.8M	-102.9M	-323.1M	-77.7M	-72.9M	-88.2M	-40.8M	-23M
Pretax income	812.6M	1.2B	587.9M	924.3M	182.1M	1.1B	693.7M	1.2B	1.2B	1.5B	984.7M	1.1B
Income tax	96.6M	119.8M	68.5M	143M	31.3M	90.2M	-104M	198.4M	13M	140.6M	167.6M	162.4M
Net income	716M	1.1B	519.4M	781.2M	150.8M	1B	797.6M	975.4M	1.2B	1.3B	817.1M	969.6M
Net margin	11.8%	17.3%	8.52%	12.4%	12.5%	15.8%	12.5%	14.8%	18%	19.2%	12%	13.9%
EBITDA	3.2B	3.4B	3.1B	3.3B	642.3M	3.6B	3.4B	3.8B	3.8B	3.9B	3.5B	4.4B
EPS	1.5	—	1.05	1.6	1.6	—	1.65	2	2.5	—	1.7	2.05
Diluted EPS	1.5	—	1.05	1.6	1.6	—	1.65	2	2.5	—	1.7	2.05

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	33.4B	54.6B	43.4B	54.1B	—	—	33B	51.3B	—	9.4B	8.4B
Enterprise value	36.3B	57.5B	45.1B	60.9B	—	—	46B	62.3B	—	20B	4B
Shares outstanding	2.8B	2.8B	2.8B	2.8B	25.7B	2.8B	2.8B	2.8B	484M	482.7M	482.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	44.5	44.2	17	14.9	—	—	19.7	18.1	—	2.18	10.2
P/S	2.14	3.36	2.56	3.11	—	—	1.53	2.15	—	0.35	0.31
P/B	1.94	3.01	2.19	2.41	—	—	1.3	1.97	—	0.39	1.76
EV/EBITDA	6.26	9.08	6.78	5.5	—	—	4.26	5.04	—	1.39	1.81
EV/Sales	2.32	3.54	2.66	3.51	—	—	2.14	2.61	—	0.75	0.75
Earnings yield	2.25%	2.26%	5.87%	6.7%	—	—	5.07%	5.53%	—	45.9%	9.76%
FCF yield	1.47%	2.3%	5.29%	5.94%	—	—	13.4%	15.4%	—	94.8%	10.2%
PEG	—	—	—	—	—	—	—	—	—	—	4.1

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49%	50.7%	54.6%	57.2%	53.7%	53.2%	50.5%	51.8%	53.3%	53.9%	55.3%
Operating margin	10.8%	13.9%	16.7%	28.4%	18.3%	18.2%	16.2%	20.3%	22.9%	25%	24.7%
Net margin	4.81%	7.6%	15%	20.8%	10.6%	16.4%	7.76%	11.9%	12.4%	16.2%	15.8%
ROE	4.37%	6.8%	12.9%	16.1%	7.89%	11.8%	6.58%	10.9%	11.9%	18%	17.3%
ROA	2.17%	3.79%	7.96%	8.98%	4.39%	5.94%	2.96%	5.13%	5.6%	7.57%	7.75%
ROIC	6.24%	9.26%	13.1%	13.5%	9.92%	11.1%	8.78%	11.6%	14%	18.2%	17%
Return on tangible assets	5.6%	12.4%	24%	17.2%	7.75%	10.3%	7.09%	11.8%	11.8%	15.5%	16.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.39	1.05	0.85	1.04	1.25	1.45	0.79	0.89	0.99	0.89	0.85
Quick ratio	1.37	1.04	0.82	1.02	1.22	1.43	0.77	0.86	0.96	0.86	0.82
Debt / equity	0.5	0.36	0.18	0.44	0.46	0.51	0.7	0.62	0.59	0.69	0.66
Debt / assets	0.25	0.2	0.11	0.24	0.26	0.26	0.32	0.29	0.28	0.29	0.29
Net debt / EBITDA	0.5	0.45	0.26	0.62	0.71	0.33	1.21	0.89	0.75	0.74	0.77
Interest coverage	2.39	3.57	5.58	5.58	3.33	3.13	1.77	2.51	2.55	2.99	2.35
Effective tax rate	25.9%	14%	0%	20.1%	8.24%	4.71%	2.91%	10.9%	12.9%	5.44%	10.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.52	5.74	6	6.14	0.67	6.38	7.61	8.58	52.6	55.2	57.1
EPS (basic)	1.55	2.55	5.25	7.5	0.4	6.11	3.5	5.85	6.5	8.95	8.95
EPS (diluted)	1.55	2.55	5.25	7.5	0.4	6.11	3.5	5.85	6.5	8.95	1.73
Book value per share	6.08	6.42	7	7.93	0.9	8.87	8.98	9.37	54.6	49.7	10.1
FCF per share	0.17	0.44	0.81	1.14	0.19	1.63	1.57	2.85	16.1	18.4	19.1
Cash per share	1.98	1.32	0.66	1.04	0.18	3.46	1.68	1.81	11.8	12.2	9.48
Capex per share	1.54	1.45	1.35	1.36	0.15	1.87	1.67	1.62	9.4	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	27.8%	25.3%	22.4%	22.1%	22.5%	29.3%	22%	18.9%	17.9%	—	—
Capex / operating cash flow	101.2%	68.3%	74%	65.7%	47.4%	55.3%	45.3%	40.6%	40.1%	—	—
Payout ratio	61.3%	26.9%	23.1%	21.3%	63.1%	35.3%	71.8%	76.7%	86.2%	124.3%	89.4%
Dividend yield	1.38%	0.61%	1.36%	1.42%	—	—	3.64%	4.24%	—	57.1%	3.67%

Yield

3.67%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.162

ex-dividend Jun 29, 2026

Payout ratio

89%

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
Jun 29, 2026	$0.162
Mar 30, 2026	$0.155
Aug 4, 2025	$0.119

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	$6.1B	$6.3B	$6.1B	$6.3B	$1.2B	$6.6B	$6.4B	$6.6B	$6.7B	$6.9B	$6.8B	$7B
YoY change	+7.92%	+7.74%	+8.07%	+7.49%	-80.1%	+5.67%	+4.89%	+4.72%	+458%	+4.36%	+6.45%	+5.54%

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	5.6B	3.7B	1.9B	2.9B	4.6B	9.8B	4.7B	5B	5.7B	5.9B
Receivables	2.9B	2.5B	2.8B	3.2B	3.1B	3.1B	3.4B	3.7B	4.7B	4.9B
Inventory	143.9M	123.8M	183.1M	203.3M	246.6M	202.6M	236.1M	331.8M	293.5M	357.2M
Total current assets	10.1B	7.6B	6B	8.5B	10.4B	15.4B	10.4B	11.4B	12.7B	13.5B
Property, plant & equipment	28.3B	29.6B	32B	40.4B	18.1B	18.3B	22.7B	22.4B	22.8B	23.2B
Goodwill & intangibles	21.3B	22.6B	21.4B	19.3B	18.1B	21.2B	32.8B	31.3B	29.7B	29.2B
Total assets	34.7B	32.6B	32B	40.3B	41.7B	49.8B	56.4B	55.3B	56.3B	56.9B
Accounts payable	3.5B	4B	4.3B	3.9B	3.1B	3.3B	4.2B	4.6B	5B	5.1B
Short-term debt	1.2B	1.5B	903.8M	2.3B	2.7B	1.8B	3.5B	3.1B	2B	2.6B
Total current liabilities	7.3B	7.2B	7.1B	8.1B	8.3B	10.6B	13.1B	12.9B	12.8B	15.2B
Long-term debt	7.3B	5B	2.7B	7.6B	8B	11.1B	14.3B	13B	13.6B	13.9B
Total liabilities	17.5B	14.4B	12.2B	17.9B	18.5B	24.7B	31B	29.2B	29.9B	33B
Shareholders' equity	17.2B	18.2B	19.8B	22.4B	23.2B	25.1B	25.4B	26B	26.4B	24B
Total debt	8.5B	6.6B	3.6B	9.8B	10.7B	12.9B	17.8B	16B	15.6B	16.5B
Net debt	3.4B	3.6B	2.5B	7.5B	8.1B	7.7B	15.3B	12.9B	12.4B	12.9B

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	Q2 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	3.3B	5B	3.4B	3.3B	811.7M	5.7B	5.3B	5.5B	6.5B	5.9B	5.9B	4.5B
Receivables	3.6B	3.7B	4B	4.3B	831.4M	4.7B	5B	5.3B	5B	4.9B	5.2B	5B
Inventory	374.4M	331.8M	404.7M	415.9M	71.6M	293.5M	329.5M	358.2M	353.4M	357.2M	387.5M	427.5M
Total current assets	9.3B	11.4B	10.3B	10.4B	2.1B	12.7B	13B	13.5B	14.1B	13.5B	14.1B	12.4B
Property, plant & equipment	23.1B	22.4B	22.7B	22.6B	4.2B	22.8B	23.1B	23.2B	23.1B	23.2B	23.2B	24.3B
Goodwill & intangibles	32.1B	31.3B	30.9B	30.4B	5.6B	29.7B	29.6B	29.3B	29B	29.2B	29.5B	31B
Total assets	55.7B	55.3B	54.3B	54B	10.2B	56.3B	56.5B	57B	57.4B	56.9B	57.8B	57.2B
Accounts payable	3.7B	4.6B	3.9B	3.6B	684.5M	5B	4.5B	4.5B	4.2B	5.1B	5.2B	4.8B
Short-term debt	4.3B	3.1B	2.6B	2.2B	412.9M	2B	1.9B	2.5B	2.6B	2.6B	2.6B	2.8B
Total current liabilities	13.3B	12.9B	12.8B	11.8B	2.2B	12.8B	14.7B	14.9B	14.7B	15.2B	15.4B	14.6B
Long-term debt	13.6B	13B	13B	13.3B	2.5B	13.6B	13.9B	13.7B	13.8B	13.9B	14.1B	13.7B
Total liabilities	30.4B	29.2B	29.3B	28.6B	5.4B	29.9B	32B	31.8B	32.2B	33B	33.4B	32.2B
Shareholders' equity	25.3B	26B	25B	25.5B	4.9B	26.4B	24.5B	25.1B	25.2B	24B	24.4B	25B
Total debt	17.9B	16B	15.6B	15.6B	2.9B	15.6B	15.8B	16.2B	16.4B	16.5B	16.7B	16.5B
Net debt	14.8B	12.9B	13.7B	13.5B	2.5B	12.4B	13B	13.2B	12.7B	12.9B	12.7B	13.8B

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	1B	1.4B	1.9B	4.5B	2B	3.1B	1.7B	3.2B	3.6B	4.6B
Depreciation & amortization	3.8B	4B	4B	5.1B	5.5B	5.7B	6.8B	7.1B	7B	7.1B
Stock-based compensation	3.8M	10.9M	-1.4M	3.4M	2.6M	15.7M	6.8M	-24.3M	22.4M	17M
Change in working capital	-980.8M	145.4M	-650.9M	-3.2B	-112.6M	283.2M	209.9M	-436.8M	-1.2B	-1.4B
Operating cash flow	4.3B	6B	5.1B	5.9B	8.2B	9.6B	10.4B	11.1B	11.4B	13.4B
Capital expenditure	-4.3B	-4.1B	-3.8B	-3.8B	-3.9B	-5.3B	-4.7B	-4.5B	-4.6B	—
Investing cash flow	-4.3B	-4.1B	-3.8B	-3.8B	-3.9B	-6.5B	-8.4B	-4.7B	-5B	980.9M
Dividends paid	-460.3M	-332.7M	-588.2M	-770.1M	-1.2B	-1B	-1.2B	-2.2B	-2.7B	-5.4B
Share repurchases	0	-13.1M	—	—	—	-11.1M	—	—	—	-748.3M
Financing cash flow	-1.7B	-2.6B	-3.7B	-1.3B	-2.1B	176.5M	-2B	-5.6B	-5.5B	-7.8B
Net change in cash	-1.8B	-655.7M	-2.4B	754.3M	2.3B	3.2B	54.8M	845.3M	859.3M	6.6B
Free cash flow	489.9M	1.3B	2.3B	3.2B	4.8B	4.6B	4.4B	7.9B	7.8B	8.9B

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	812.6M	1.2B	587.9M	924.3M	182.1M	1.1B	693.7M	1.2B	1.2B	1.5B	984.7M	1.1B
Depreciation & amortization	1.8B	1.7B	1.8B	1.8B	335.4M	1.7B	1.7B	1.8B	1.8B	1.8B	1.7B	1.8B
Stock-based compensation	-41.2M	6.1M	4.5M	9.6M	1.7M	-827K	—	—	1.1M	4.2M	—	—
Change in working capital	-136.8M	1.3B	-1.2B	-685.4M	-33.5M	878.4M	-538.1M	-631.3M	-300.3M	217.8M	-501.6M	-746.8M
Operating cash flow	3B	4.4B	1.8B	2.4B	576.7M	4.1B	2.4B	2.8B	3.7B	4.3B	2.7B	3.1B
Capital expenditure	-998.2M	-1.3B	-1.4B	-925M	-167.9M	-1.4B	-1.3B	-882M	—	—	—	—
Investing cash flow	-994M	-2.9B	-731.9M	-776.3M	-327.5M	-1.7B	-1.3B	-800.6M	-269.5M	1.2B	449.3M	-792M
Dividends paid	-285.6M	-418.6M	-645.1M	-626.3M	-135.8M	-723.6M	-670M	-956.3M	-961.3M	-2.8B	-478.2M	-1.2B
Share repurchases	-2.8M	—	-4.7M	-40.3M	-5M	—	-13M	-34.9M	-308.2M	-392.1M	—	—
Financing cash flow	-1B	-2.1B	-1.6B	-1.4B	-219.4M	-1.5B	-1.2B	-1.6B	-1.3B	-3.7B	-865.2M	-2.2B
Net change in cash	995.1M	-543M	-586.1M	286.9M	29.8M	927.8M	-129M	446.6M	2.1B	1.8B	2.3B	110.1M
Free cash flow	2.5B	3.6B	291.1M	1.8B	483.7M	3.1B	1.2B	2.1B	2.7B	2.9B	1.3B	2.2B

TIM 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

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