Last 48 quarters of trend data · Communication Services · Telecommunications Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
TIM S.A.'s quarterly P/E stands at 1.7x, up 35.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 42.3% YoY to 1.9x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.73 | 1.74 | 2.23 | 2.58 | 2.45 | 1.28 | 2.61 | 2.05 | 4.03 | 2.10 | 2.48 | 3.06 | 3.64 |
| — | +35.9% | -14.5% | +26.0% | -39.4% | -39.1% | +5.1% | -33.1% | +11.0% | -17.1% | -28.9% | -39.6% | -24.8% | |
| P/S Ratio | 2.53 | 0.34 | 0.40 | 0.37 | 0.30 | 0.21 | 0.32 | 0.27 | 0.35 | 0.36 | 0.30 | 0.32 | 0.27 |
| — | +57.0% | +23.7% | +34.2% | -15.9% | -39.7% | +9.0% | -13.0% | +32.9% | +47.1% | +6.8% | +15.3% | -28.6% | |
| P/B Ratio | 2.83 | 0.39 | 0.43 | 0.39 | 0.31 | 0.22 | 0.32 | 0.27 | 0.34 | 0.34 | 1.41 | 1.41 | 1.20 |
| — | +80.4% | +33.3% | +42.5% | -9.8% | -37.3% | -77.3% | -80.7% | -71.5% | +54.8% | +5.5% | +16.2% | -8.6% | |
| P/FCF | 7.56 | 0.80 | 0.99 | 1.17 | 1.64 | 0.45 | 1.20 | 0.98 | 7.38 | 1.14 | 0.93 | 1.56 | 2.18 |
| — | +76.3% | -18.0% | +18.5% | -77.8% | -60.3% | +29.6% | -37.0% | +238.8% | +4.7% | +48.3% | — | — | |
| EV / EBITDA | 7.24 | 1.85 | 2.11 | 1.73 | 1.69 | 1.30 | 1.66 | 1.63 | 1.94 | 1.66 | 0.90 | 0.97 | 0.92 |
| — | +42.3% | +27.3% | +6.0% | -12.9% | -21.5% | +84.8% | +68.6% | +110.5% | -32.0% | +4.9% | +4.1% | -40.4% | |
| EV / EBIT | 12.03 | 2.92 | 3.52 | 2.92 | 3.87 | 2.58 | 3.32 | 3.22 | 4.73 | 2.97 | 1.80 | 2.05 | 2.53 |
| — | +13.0% | +6.1% | -9.0% | -18.2% | -13.1% | +84.7% | +56.8% | +87.3% | -44.8% | -18.4% | -1.7% | -20.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
TIM S.A.'s operating margin was 27.6% in Q4 2025, up 2.8 pp QoQ and up 1.4 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 24.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 3.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.9% | 55.6% | 54.9% | 53.2% | 51.8% | 53.8% | 50.8% | 53.7% | 51.6% | 53.6% | 53.1% | 50.0% | 50.1% |
| — | +3.5% | +8.1% | -1.0% | +0.4% | +0.4% | -4.4% | +7.5% | +2.8% | +5.6% | +6.4% | -0.3% | -2.3% | |
| Operating Margin | 25.0% | 27.6% | 24.8% | 23.5% | 20.2% | 26.2% | 23.0% | 21.8% | 18.3% | 24.6% | 20.1% | 17.7% | 14.4% |
| — | +5.5% | +8.0% | +7.6% | +10.7% | +6.3% | +14.1% | +23.1% | +26.6% | +45.8% | +48.2% | +29.9% | -11.8% | |
| Net Margin | 16.2% | 19.2% | 18.0% | 14.8% | 12.5% | 15.8% | 12.5% | 12.4% | 8.5% | 17.3% | 11.8% | 10.7% | 7.3% |
| — | +21.7% | +43.5% | +19.2% | +46.4% | -8.4% | +6.1% | +16.0% | +16.5% | +86.7% | +48.2% | +105.2% | -14.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.1% | 5.4% | 4.8% | 3.9% | 3.1% | 4.0% | 3.1% | 3.1% | 2.0% | 7.0% | 13.8% | 12.3% | 2.7% |
| — | +35.2% | +53.3% | +27.2% | +54.1% | -42.5% | -77.4% | -74.8% | -25.1% | +94.3% | +47.0% | +123.1% | +2.0% | |
| ROA | 7.6% | 2.3% | 2.1% | 1.7% | 1.4% | 1.9% | 1.5% | 1.4% | 0.9% | 3.3% | 6.3% | 5.5% | 1.2% |
| — | +23.2% | +42.5% | +19.3% | +49.2% | -42.0% | -76.5% | -73.9% | -22.4% | +101.4% | +44.2% | +104.3% | -9.4% | |
| ROIC | 13.2% | 3.8% | 3.3% | 3.1% | 2.5% | 3.3% | 2.8% | 2.7% | 2.1% | 4.9% | 10.4% | 8.9% | 2.5% |
| — | +14.9% | +15.9% | +15.4% | +18.4% | -31.6% | -72.9% | -70.2% | -13.3% | +59.0% | +40.7% | +30.2% | -12.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
TIM S.A.'s Debt/EBITDA ratio is 5.5x, down from 5.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 10.3% YoY to 0.89x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.69 | 0.65 | 0.65 | 0.65 | 0.59 | 0.60 | 0.61 | 0.63 | 0.62 | 0.68 | 0.71 | 0.72 |
| — | +16.7% | +7.8% | +5.6% | +3.3% | -4.0% | -11.7% | -13.4% | -13.2% | -12.1% | -0.9% | +2.3% | +38.4% | |
| Debt / EBITDA | 1.49 | 5.51 | 5.90 | 4.88 | 5.20 | 4.51 | 4.79 | 4.98 | 5.45 | 4.86 | 1.17 | 1.29 | 1.38 |
| — | +22.2% | +23.1% | -1.9% | -4.7% | -7.3% | +308.9% | +285.6% | +294.8% | -41.5% | -3.8% | -6.6% | -21.3% | |
| Current Ratio | 0.89 | 0.89 | 0.96 | 0.91 | 0.88 | 0.99 | 0.97 | 0.88 | 0.81 | 0.89 | 0.79 | 0.70 | 0.74 |
| — | -10.3% | -0.8% | +2.4% | +8.7% | +11.5% | +22.5% | +26.4% | +9.2% | +12.0% | -12.7% | -22.6% | -52.4% | |
| Quick Ratio | 0.86 | 0.86 | 0.94 | 0.88 | 0.86 | 0.96 | 0.93 | 0.85 | 0.78 | 0.86 | 0.76 | 0.67 | 0.72 |
| — | -10.6% | +0.1% | +3.8% | +10.3% | +12.2% | +23.1% | +26.4% | +8.2% | +11.3% | -13.4% | -23.3% | -53.1% | |
| Interest Coverage | — | — | 3.75 | 1.96 | 2.04 | 2.86 | 2.74 | 2.08 | 10.03 | 10.01 | 1.81 | 1.40 | 3.49 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonTIM S.A.'s current P/E is 15.7x. The average P/E over the last 4 quarters is 2.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
TIM S.A.'s current operating margin is 25.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking TIM S.A.'s business trajectory between earnings reports.