Telecom Argentina S.A. (TEO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for FY2025, filed Mar 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TEO SEC filings page.
Telecom Argentina S.A. (TEO) reported $5.7B in revenue for fiscal year 2025, up 42.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Telecom Argentina S.A.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Telecom Argentina S.A. has an operating margin of 5.4%, meaning the company retains $5 of operating profit per $100 of revenue. Among its peers this margin ranks in the lower range, for a profitability score of 29/100. This is up from -3.5% the prior year.
Telecom Argentina S.A.'s revenue surged 42.4% year-over-year to $5.7B, reflecting rapid business expansion. This strong growth earns a score of 94/100.
Telecom Argentina S.A. has a moderate D/E ratio of 0.56. This balance of debt and equity financing earns a leverage score of 41/100.
Telecom Argentina S.A.'s current ratio of 0.48 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Telecom Argentina S.A. converts 12.4% of revenue into free cash flow ($706.3M). This strong cash generation earns a score of 73/100.
Telecom Argentina S.A. posts a -2.5% return on equity (ROE), meaning it loses $2 for every $100 of shareholders' equity. This results in a returns score of 28/100. This is down from 18.7% the prior year.
Telecom Argentina S.A. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Telecom Argentina S.A. reported a net loss of $116.5M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Telecom Argentina S.A. earns $0.60 in operating income for every $1 of interest expense ($308.4M vs $513.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Telecom Argentina S.A. generated $5.7B in revenue in fiscal year 2025. This represents an increase of 42.4% from the prior year.
Telecom Argentina S.A.'s EBITDA was $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 53.4% from the prior year.
Telecom Argentina S.A. reported a net loss of $116.5M in fiscal year 2025. This represents a decrease of 111.9% from the prior year.
Telecom Argentina S.A. earned -$0.05 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 111.9% from the prior year.
Cash & Balance Sheet
Telecom Argentina S.A. generated $706.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 57.4% from the prior year.
Telecom Argentina S.A. held $321.4M in cash against $2.6B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Telecom Argentina S.A.'s operating margin was 5.4% in fiscal year 2025, reflecting core business profitability. This is up 8.9 percentage points from the prior year.
Telecom Argentina S.A.'s net profit margin was -2.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 26.5 percentage points from the prior year.
Telecom Argentina S.A.'s ROE was -2.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 21.1 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Telecom Argentina S.A. invested $928.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 175.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TEO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7B+42.4% | $4.0B+57.3% | $2.5B-38.1% | $4.1B-0.6% | $4.1B+15.5% | $3.6B-9.5% | $4.0B-11.3% | $4.5B+29.6% | $3.4B |
| Operating Income | $308.4Mn/m | -$141.9Mn/m | -$154.7Mn/m | -$1.7Bn/m | -$27.1M-111.2% | $241.2M-8.6% | $263.8M-53.3% | $564.3M-11.8% | $639.8M |
| EBITDA | $1.7B+53.4% | $1.1B+57.4% | $716.6M-36.7% | $1.1B-12.4% | $1.3B+5.7% | $1.2B-5.0% | $1.3B-14.0% | $1.5B | N/A |
| Interest Expense | $513.1Mn/m | -$1.4B-279.7% | $784.6M+367.2% | $167.9M-39.9% | $279.3M-4.8% | $293.5M+5.5% | $278.2M-69.2% | $901.9M+374.1% | $190.2M |
| Income Tax | -$31.8M-108.0% | $396.3Mn/m | -$418.4Mn/m | -$149.6M-146.1% | $324.3M+230.7% | $98.1M-58.6% | $236.6Mn/m | -$75.3M-136.6% | $206.1M |
| Net Income | -$116.5M-111.9% | $980.5Mn/m | -$318.8Mn/m | -$1.2B-1491.4% | $84.3Mn/m | -$67.9Mn/m | -$73.4M-152.2% | $140.5M-65.1% | $403.1M |
| EPS (Basic) | -$0.05-111.9% | $0.46n/m | -$0.15n/m | -$0.54-1493.4% | $0.04 | N/A | N/A | N/A | N/A |
| EPS (Diluted) | -$0.05-111.9% | $0.46n/m | -$0.15n/m | -$0.54-1493.4% | $0.04 | N/A | N/A | $0.00n/m | $0.00 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Diluted Shares (Avg).
TEO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.4B+7.5% | $10.6B+56.4% | $6.8B-30.6% | $9.8B-7.1% | $10.5B+17.5% | $8.9B-7.4% | $9.7B-2.2% | $9.9B+224.4% | $3.0B |
| Current Assets | $1.3B+71.9% | $731.1M+20.0% | $609.0M-4.5% | $637.8M+0.6% | $634.1M+0.2% | $633.0M-25.4% | $848.0M-4.6% | $889.0M-7.7% | $963.4M |
| Cash & Equivalents | $321.4M+4.2% | $308.3M+56.0% | $197.6M-12.6% | $226.1M+17.1% | $193.2M-12.3% | $220.2M-48.5% | $427.2M+133.5% | $182.9M+22.3% | $149.6M |
| Inventory | $54.5M-6.9% | $58.5M+50.1% | $39.0M+7.1% | $36.4M+20.1% | $30.3M-31.5% | $44.2M-17.5% | $53.6M-26.2% | $72.7M-25.8% | $97.9M |
| Goodwill | $3.0B-6.8% | $3.3B+71.0% | $1.9B-31.6% | $2.8B-24.3% | $3.7B+23.3% | $3.0B-3.2% | $3.1B-3.3% | $3.2B | N/A |
| Total Liabilities | $6.6B+26.1% | $5.2B+31.0% | $4.0B-22.7% | $5.2B+0.5% | $5.1B+19.3% | $4.3B-3.7% | $4.5B+18.2% | $3.8B+112.9% | $1.8B |
| Current Liabilities | $2.6B+38.7% | $1.9B+38.6% | $1.4B-15.9% | $1.6B+1.0% | $1.6B+27.9% | $1.3B-12.2% | $1.4B+1.2% | $1.4B+22.2% | $1.2B |
| Non-Current Liabilities | $4.0B+19.0% | $3.3B+27.0% | $2.6B-25.9% | $3.5B+0.2% | $3.5B+15.8% | $3.1B+0.4% | $3.0B+28.3% | $2.4B+283.2% | $619.2M |
| Long-Term Debt | $2.6B+49.7% | $1.7B-9.7% | $1.9B+2.4% | $1.9B-3.9% | $2.0B+4.3% | $1.9B-3.3% | $1.9B+23.9% | $1.6B+229.4% | $477.6M |
| Total Equity | $4.7B-10.5% | $5.3B+96.0% | $2.7B-40.4% | $4.5B-14.7% | $5.3B+15.9% | $4.5B-10.8% | $5.1B-15.0% | $6.0B+391.3% | $1.2B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $403.1M |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments.
TEO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.6B+108.0% | $786.0M+2.9% | $764.0M-36.8% | $1.2B-4.5% | $1.3B+5.1% | $1.2B-12.0% | $1.4B+21.5% | $1.1B+10.3% | $1.0B |
| Depreciation & Amortization | $1.4B+12.0% | $1.3B+45.8% | $871.3M-68.8% | $2.8B+112.0% | $1.3B+34.4% | $981.6M-4.1% | $1.0B+9.8% | $932.1M | N/A |
| Capital Expenditures | $928.5M+175.4% | $337.2M+3.3% | $326.5M-50.7% | $662.0M-7.6% | $716.2M+15.2% | $621.4M-24.3% | $821.1M-21.8% | $1.1B+85.4% | $566.7M |
| Free Cash Flow | $706.3M+57.4% | $448.8M+2.6% | $437.6M-19.9% | $546.3M-0.6% | $549.4M-5.7% | $582.8M+6.5% | $547.1M+622.6% | $75.7M-83.3% | $454.6M |
| Investing Cash Flow | -$2.1Bn/m | -$371.3Mn/m | -$734.3Mn/m | -$936.4Mn/m | -$1.1Bn/m | -$988.1Mn/m | -$748.0Mn/m | -$830.5Mn/m | -$755.1M |
| Financing Cash Flow | $420.0Mn/m | -$392.9Mn/m | -$89.1Mn/m | -$258.6Mn/m | -$197.5Mn/m | -$425.6Mn/m | -$418.2Mn/m | -$387.5Mn/m | -$332.6M |
| Dividends Paid | $13.9M | N/A | N/A | $6.9M-4.2% | $7.2M+66.0% | $4.4M-99.3% | $593.3M-34.5% | $906.1M+309.2% | $221.4M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
TEO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY25Filing | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing |
|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 5.4%+8.9pp | -3.5%+2.5pp | -6.1%+34.4pp | -40.5%-39.8pp | -0.7%-7.4pp | 6.7%+0.1pp | 6.7%-6.0pp | 12.7%-5.9pp | 18.6% |
| Net Margin | -2.0%-26.5pp | 24.5%+37.0pp | -12.5%+16.0pp | -28.5%-30.5pp | 2.0%+3.9pp | -1.9%0.0pp | -1.8%-5.0pp | 3.1%-8.6pp | 11.7% |
| Return on Equity | -2.5%-21.1pp | 18.7%+30.6pp | -11.9%+14.2pp | -26.1%-27.7pp | 1.6%+3.1pp | -1.5%-0.1pp | -1.4%-3.8pp | 2.4%-30.7pp | 33.1% |
| Return on Assets | -1.0%-10.3pp | 9.3%+14.0pp | -4.7%+7.3pp | -12.0%-12.8pp | 0.8%+1.6pp | -0.8%0.0pp | -0.8%-2.2pp | 1.4%-11.8pp | 13.3% |
| Current Ratio | 0.48+0.1x | 0.39-0.1x | 0.44+0.1x | 0.390.0x | 0.39-0.1x | 0.50-0.1x | 0.590.0x | 0.63-0.2x | 0.83 |
| Debt-to-Equity | 0.56+0.2x | 0.33-0.4x | 0.72+0.3x | 0.420.0x | 0.370.0x | 0.410.0x | 0.38+0.1x | 0.26-0.1x | 0.39 |
| Liabilities-to-Equity | 1.40+0.4x | 1.00-0.5x | 1.49+0.3x | 1.15+0.2x | 0.980.0x | 0.95+0.1x | 0.88+0.2x | 0.63-0.8x | 1.46 |
| Asset Turnover | 0.50+0.1x | 0.380.0x | 0.380.0x | 0.420.0x | 0.390.0x | 0.400.0x | 0.410.0x | 0.45-0.7x | 1.13 |
| FCF Margin | 12.4%+1.2pp | 11.2%-6.0pp | 17.2%+3.9pp | 13.3%0.0pp | 13.3%-3.0pp | 16.3%+2.4pp | 13.8%+12.1pp | 1.7%-11.5pp | 13.2% |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.48), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Telecom Argentina S.A. TEO | FY2025 | $5.7B | -$116.5M | -2.0% | $4.5B | 45/100 |
| Turkcell Iletisim Hizmetleri A.S. TKC | FY2025 | $5.6B | $409.7M | 7.3% | $4.1B | 67/100 |
| Telephone and Data Systems Inc. TDS | FY2025 | $1.2B | -$6.2M | -0.5% | $4.1B | 47/100 |
| Lumen Technologies, Inc. LUMN | FY2025 | $12.4B | -$1.7B | -14.0% | $4.6B | 23/100 |
| Iridium Communications Inc. IRDM | FY2025 | $871.7M | $114.4M | 13.1% | $4.6B | 60/100 |
| VEON Ltd. VEON | FY2025 | $4.4B | $591.0M | 13.4% | $5.4B | 62/100 |
Where Telecom Argentina S.A. Ranks
Frequently Asked Questions
Telecom Argentina S.A. (TEO) reported $5.7B in total revenue for fiscal year 2025. This represents a 42.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Telecom Argentina S.A. (TEO) revenue grew by 42.4% year-over-year, from $4.0B to $5.7B in fiscal year 2025.
No, Telecom Argentina S.A. (TEO) reported a net loss of $116.5M in fiscal year 2025, with a net profit margin of -2.0%.
Telecom Argentina S.A. (TEO) had EBITDA of $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Telecom Argentina S.A. (TEO) had $321.4M in cash and equivalents against $2.6B in long-term debt.
Telecom Argentina S.A. (TEO) had an operating margin of 5.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Telecom Argentina S.A. (TEO) had a net profit margin of -2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Telecom Argentina S.A. (TEO) has a return on equity of -2.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Telecom Argentina S.A. (TEO) generated $706.3M in free cash flow during fiscal year 2025. This represents a 57.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Telecom Argentina S.A. (TEO) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Telecom Argentina S.A. (TEO) had $11.4B in total assets as of fiscal year 2025, including both current and long-term assets.
Telecom Argentina S.A. (TEO) invested $928.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Telecom Argentina S.A. (TEO) had a current ratio of 0.48 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Telecom Argentina S.A. (TEO) had a debt-to-equity ratio of 0.56 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Telecom Argentina S.A. (TEO) had a liabilities-to-equity ratio of 1.40 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Telecom Argentina S.A. (TEO) had a return on assets of -1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Telecom Argentina S.A. (TEO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $4.5B as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Telecom Argentina S.A. (TEO) trades at 0.8x sales, its market capitalization divided by $5.7B revenue, FY2025. The market capitalization is $4.5B as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Telecom Argentina S.A. (TEO) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Telecom Argentina S.A. (TEO) reported a net loss of $116.5M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Telecom Argentina S.A. (TEO) has an interest coverage ratio of 0.60x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Telecom Argentina S.A. (TEO) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.