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TIM S.A.

TIMB Clue Score65
Brazil Fiscal year ends December CIK 0001826168
$17.98 -3.85% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $17.98 +65.71% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 16 Oct 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue16.98Operating income2.42Net income2.55EPS, diluted1.05Fiscal year 2019Revenue17.38 +2.3%Operating income4.51Net income3.62 +42.3%EPS, diluted1.50Fiscal year 2020Revenue17.27 −0.6%Operating income2.80Net income1.83 −49.5%EPS, diluted0.76Fiscal year 2021Revenue18.06 +4.6%Operating income3.76Net income2.96 +61.7%EPS, diluted1.22Fiscal year 2022Revenue21.53 +19.2%Operating income3.16Net income1.67 −43.5%EPS, diluted0.69Fiscal year 2023Revenue23.83 +10.7%Operating income4.72Net income2.84 +69.8%EPS, diluted1.17Fiscal year 2024Revenue25.45 +6.8%Operating income5.51Net income3.15 +11.2%EPS, diluted1.30Fiscal year 2025Revenue26.62 +4.6%Operating income6.34Net income4.31 +36.7%EPS, diluted1.78
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 16.98 17.38 17.27 18.06 21.53 23.83 25.45 26.62
Growth +2.3% −0.6% +4.6% +19.2% +10.7% +6.8% +4.6%
Operating income 2.42 4.51 2.80 3.76 3.16 4.72 5.51 6.34
Net income 2.55 3.62 1.83 2.96 1.67 2.84 3.15 4.31
Growth +42.3% −49.5% +61.7% −43.5% +69.8% +11.2% +36.7%
EPS, diluted 1.05 1.50 0.76 1.22 0.69 1.17 1.30 1.78

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin54.6%Operating margin14.2%Net margin15.0%Free cash flow margin13.5%Fiscal year 2019Gross margin57.2%Operating margin26.0%Net margin20.8%Free cash flow margin18.5%Fiscal year 2020Gross margin53.7%Operating margin16.2%Net margin10.6%Free cash flow margin27.7%Fiscal year 2021Gross margin53.2%Operating margin20.8%Net margin16.4%Free cash flow margin25.6%Fiscal year 2022Gross margin50.5%Operating margin14.7%Net margin7.8%Free cash flow margin20.6%Fiscal year 2023Gross margin51.8%Operating margin19.8%Net margin11.9%Free cash flow margin33.2%Fiscal year 2024Gross margin53.3%Operating margin21.6%Net margin12.4%Free cash flow margin30.6%Fiscal year 2025Gross margin53.9%Operating margin23.8%Net margin16.2%Free cash flow margin33.4%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 54.6% 57.2% 53.7% 53.2% 50.5% 51.8% 53.3% 53.9%
Operating margin 14.2% 26.0% 16.2% 20.8% 14.7% 19.8% 21.6% 23.8%
Net margin 15.0% 20.8% 10.6% 16.4% 7.8% 11.9% 12.4% 16.2%
Free cash flow margin 13.5% 18.5% 27.7% 25.6% 20.6% 33.2% 30.6% 33.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow6.13Capital expenditure−3.83Free cash flow2.30Dividends paid−0.59Fiscal year 2019Operating cash flow7.06Capital expenditure−3.85Free cash flow3.21 +39.8%Dividends paid−0.77Fiscal year 2020Operating cash flow8.67Capital expenditure−3.89Free cash flow4.78 +48.9%Dividends paid−1.15Fiscal year 2021Operating cash flow9.91Capital expenditure−5.28Free cash flow4.62 −3.4%Dividends paid−1.04Fiscal year 2022Operating cash flow9.16Capital expenditure−4.73Free cash flow4.43 −4.1%Dividends paid−1.20Fiscal year 2023Operating cash flow12.42Capital expenditure−4.50Free cash flow7.92 +78.6%Dividends paid−2.17Fiscal year 2024Operating cash flow12.33Capital expenditure−4.55Free cash flow7.78 −1.7%Dividends paid−2.72Fiscal year 2025Operating cash flow13.44Capital expenditure−4.54Free cash flow8.90 +14.4%Dividends paid−5.36
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.13 7.06 8.67 9.91 9.16 12.42 12.33 13.44
Capital expenditure −3.83 −3.85 −3.89 −5.28 −4.73 −4.50 −4.55 −4.54
Free cash flow 2.30 3.21 4.78 4.62 4.43 7.92 7.78 8.90
Growth +39.8% +48.9% −3.4% −4.1% +78.6% −1.7% +14.4%
Dividends paid −0.59 −0.77 −1.15 −1.04 −1.20 −2.17 −2.72 −5.36

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash1.08Shareholders’ equity19.79Fiscal year 2019Cash2.28Total debt0.64Net cash (debt)1.64Shareholders’ equity22.43Debt to equity0.03Fiscal year 2020Cash2.58Total debt0.66Net cash (debt)1.92Shareholders’ equity23.18Debt to equity0.03Fiscal year 2021Cash5.23Total debt3.31Net cash (debt)1.92Shareholders’ equity25.11Debt to equity0.13Fiscal year 2022Cash2.55Total debt3.70Net cash (debt)−1.16Shareholders’ equity25.40Debt to equity0.15Fiscal year 2023Cash3.08Total debt2.50Net cash (debt)0.57Shareholders’ equity26.02Debt to equity0.10Fiscal year 2024Cash3.26Total debt2.69Net cash (debt)0.57Shareholders’ equity26.40Debt to equity0.10Fiscal year 2025Cash3.61Total debt1.85Net cash (debt)1.76Shareholders’ equity23.98Debt to equity0.08
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.08 2.28 2.58 5.23 2.55 3.08 3.26 3.61
Total debt n/a 0.64 0.66 3.31 3.70 2.50 2.69 1.85
Net cash (debt) n/a 1.64 1.92 1.92 −1.16 0.57 0.57 1.76
Shareholders’ equity 19.79 22.43 23.18 25.11 25.40 26.02 26.40 23.98
Debt to equity n/a 0.03 0.03 0.13 0.15 0.10 0.10 0.08

In billions of BRL, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
54.6% 57.2% 53.7% 53.2% 50.5% 51.8% 53.3% 53.9%
14.2% 26.0% 16.2% 20.8% 14.7% 19.8% 21.6% 23.8%
11.1% 26.1% 11.5% 17.2% −8.0% 13.4% 14.2% 17.1%
15.0% 20.8% 10.6% 16.4% 7.8% 11.9% 12.4% 16.2%
13.5% 18.5% 27.7% 25.6% 20.6% 33.2% 30.6% 33.4%
Spending
22.6% 22.2% 22.5% 29.3% 22.0% 18.9% 17.9% 17.1%
−35.4% −20.1% 8.2% 4.7% n/a 10.9% 12.9% 5.4%
Returns
12.9% 16.1% 7.9% 11.8% 6.6% 10.9% 11.9% 18.0%
n/a 9.0% 4.4% 5.9% 3.0% 5.1% 5.6% 7.6%
Balance and payout
n/a 0.03 0.03 0.13 0.15 0.10 0.10 0.08
n/a 44.4% 44.3% 49.6% 55.0% 52.9% 53.1% 57.9%
23.1% 21.3% 63.1% 35.3% 71.8% 76.7% 86.2% 124.3%
25.6% 24.0% 24.1% 22.6% 27.1% 27.5% 35.0% 60.2%

Shown in BRL as filed; the screener converts to dollars.