TIM S.A. logo

TIM S.A.

TIMB

NYSECommunication ServicesTelecommunications Services

Regular session

$17.81

−$0.03 · -0.17%

Aug 24, 10:10 AM ET

TIMB company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

97

Deep Value

Momentum

43

Neutral

Sentiment

63

Bullish

Risk resilience

71

Moderate Risk

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Company profile

Company website

TIM S.A. is a prominent telecommunications provider in Brazil, delivering an extensive portfolio of services. Its core operations include mobile voice and data communication, high-speed broadband internet access, and various supplementary telecommunications services and products. The company caters to a broad customer base, offering solutions for individual consumers as well as tailored corporate packages for small, medium, and large enterprises. Its service lineup also features fixed-line ultra-broadband and TIM Live services, cutting-edge WTTx technology through Ultrafibra offerings, and a suite of Internet of Things (IoT) solutions. Furthermore, TIM S.A. provides digital content and services bundled within its packages, distributes a wide selection of mobile handsets and accessories via an expansive dealer network comprising company-owned stores, exclusive franchises, and authorized resellers, and supplies co-billing services to other telecommunication operators. As of December 31, 2021, the company served a substantial 52.6 million subscribers. Its headquarters are located in Rio de Janeiro, Brazil, and TIM S.A. operates as a subsidiary of TIM Brasil Serviços e Participações S.A.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
BR
CEO
Alberto Mario Griselli
Listed since
Nov 16, 1998
Employees
8,873

Market position

Day range

Current $17.81

52-week range

Current $17.81

Open
$17.58
Previous close
$17.84
Volume
35.34K
0.08× average
Average volume
440.92K
Average daily volume
Market cap
8.51B USD
Beta
0.11
Market reference 1
50-day average
$20.4298
-12.82% below average
200-day average
$22.942
-22.37% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
79.93B BRL
P/E (TTM)
10.26×
P/B (TTM)
1.76×
P/S (TTM)
1.61×
EV / EBITDA
7.22×
Earnings yield
8.39%
Free cash flow yield
17.30%
Dividend yield
7.87%

Profitability & efficiency

Gross margin
53.77%
Operating margin
24.97%
Net margin
15.79%
Return on equity
17.98%
Return on assets
7.57%
Return on invested capital
14.20%

Financial health

Debt / equity
0.66×
Current ratio
0.89×
Altman Z-score
1.75
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%40%22%3%Gross margin, FY2021: 53.25%Gross margin, FY2022: 50.51%Gross margin, FY2023: 51.76%Gross margin, FY2024: 53.26%Gross margin, FY2025: 53.93%Operating margin, FY2021: 20.80%Operating margin, FY2022: 16.16%Operating margin, FY2023: 20.29%Operating margin, FY2024: 22.91%Operating margin, FY2025: 25.03%Net margin, FY2021: 16.38%Net margin, FY2022: 7.76%Net margin, FY2023: 11.90%Net margin, FY2024: 12.39%Net margin, FY2025: 16.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.25%. Gross margin FY2022 50.51%. Gross margin FY2023 51.76%. Gross margin FY2024 53.26%. Gross margin FY2025 53.93%. Operating margin FY2021 20.80%. Operating margin FY2022 16.16%. Operating margin FY2023 20.29%. Operating margin FY2024 22.91%. Operating margin FY2025 25.03%. Net margin FY2021 16.38%. Net margin FY2022 7.76%. Net margin FY2023 11.90%. Net margin FY2024 12.39%. Net margin FY2025 16.20%.

Income trends

Revenue

26.62B BRL+4.62%

Operating income

6.66B BRL+14.31%

Net income

4.31B BRL+36.72%
Income trends across reported periods29.12B BRL19.14B BRL9.16B BRL−824.64M BRLRevenue, FY2021: 18.06B BRLRevenue, FY2022: 21.53B BRLRevenue, FY2023: 23.83B BRLRevenue, FY2024: 25.45B BRLRevenue, FY2025: 26.62B BRLOperating income, FY2021: 3.76B BRLOperating income, FY2022: 3.48B BRLOperating income, FY2023: 4.83B BRLOperating income, FY2024: 5.83B BRLOperating income, FY2025: 6.66B BRLNet income, FY2021: 2.96B BRLNet income, FY2022: 1.67B BRLNet income, FY2023: 2.84B BRLNet income, FY2024: 3.15B BRLNet income, FY2025: 4.31B BRLFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 18.06B BRL. Revenue FY2022 21.53B BRL. Revenue FY2023 23.83B BRL. Revenue FY2024 25.45B BRL. Revenue FY2025 26.62B BRL. Operating income FY2021 3.76B BRL. Operating income FY2022 3.48B BRL. Operating income FY2023 4.83B BRL. Operating income FY2024 5.83B BRL. Operating income FY2025 6.66B BRL. Net income FY2021 2.96B BRL. Net income FY2022 1.67B BRL. Net income FY2023 2.84B BRL. Net income FY2024 3.15B BRL. Net income FY2025 4.31B BRL.
Metric (BRL)FY2025FY2024FY2023FY2022FY2021
Revenue26.62B BRL25.45B BRL23.83B BRL21.53B BRL18.06B BRL
Cost of goods sold12.27B BRL11.89B BRL11.5B BRL10.66B BRL8.44B BRL
Gross profit14.36B BRL13.55B BRL12.34B BRL10.87B BRL9.62B BRL
Selling, general, and administrative7.69B BRL5.26B BRL5.21B BRL5.1B BRL4.15B BRL
Operating expenses7.69B BRL7.72B BRL7.5B BRL7.4B BRL5.86B BRL
Interest income868.91M BRL730.57M BRL1.02B BRL901.88M BRL596.75M BRL
Interest expense2.06B BRL2.34B BRL2.11B BRL2.24B BRL1.46B BRL
Depreciation and amortization4.41B BRL7.03B BRL7.12B BRL6.83B BRL5.69B BRL
Operating income6.66B BRL5.83B BRL4.83B BRL3.48B BRL3.76B BRL
Net income4.31B BRL3.15B BRL2.84B BRL1.67B BRL2.96B BRL

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+6.09%
11 comparable reports
Latest EPS result
0.43
Estimate 0.37 · Beat by 16.22%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.560.440.330.21Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 0.37, estimate 0.359, surprise +2.98%, Beat. Q2 2025, reported May 5, 2025: actual 0.28, estimate 0.25, surprise +12.00%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.35, estimate 0.31, surprise +12.90%, Beat. Q4 2025, reported Nov 3, 2025: actual 0.46, estimate 0.36, surprise +27.78%, Beat. Q1 2026, reported Feb 10, 2026: actual 0.52, estimate 0.48, surprise +8.33%, Beat. Q2 2026, reported May 5, 2026: actual 0.32, estimate 0.34, surprise -5.88%, Miss. Q3 2026, reported Jul 27, 2026: actual 0.43, estimate 0.37, surprise +16.22%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.47, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.44B1.3B1.17B1.04BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 1.15B USD, estimate 1.11B USD, surprise +3.07%, Beat. Q2 2025, reported May 5, 2025: actual 1.09B USD, estimate 1.16B USD, surprise -5.99%, Miss. Q3 2025, reported Jul 30, 2025: actual 1.22B USD, estimate 1.21B USD, surprise +0.54%, Beat. Q4 2025, reported Nov 3, 2025: actual 1.26B USD, estimate 1.3B USD, surprise -2.94%, Miss. Q1 2026, reported Feb 10, 2026: actual 1.33B USD, estimate 1.3B USD, surprise +2.87%, Beat. Q2 2026, reported May 5, 2026: actual 1.38B USD, estimate 1.32B USD, surprise +4.61%, Beat. Q3 2026, reported Jul 27, 2026: actual 1.36B USD, estimate 1.36B USD, surprise +0.19%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 1.36B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

8 ratings
Strong buy00%
Buy225%
Hold675%
Sell00%
Strong sell00%

TIMB news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.3052

2025 complete year+479.2% since 2021

2026 partial: $0.3291

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 29, 2026

$0.165

Quarterly

Record Jun 29, 2026 · Payment Jul 29, 2026

Dividend

Ex-dividend Mar 30, 2026

$0.1641

Semi-Annual

Record Mar 30, 2026 · Payment Apr 29, 2026

Dividend

Ex-dividend Dec 29, 2025

$0.8488

Special

Record Dec 29, 2025 · Payment Jul 7, 2026

Dividend

Ex-dividend Oct 3, 2025

$0.1866

Irregular

Record Oct 3, 2025 · Payment Jan 28, 2026

Dividend

Ex-dividend Aug 4, 2025

$0.1226

Quarterly

Record Aug 4, 2025 · Payment Oct 28, 2025

Dividend

Ex-dividend May 23, 2025

$0.1115

Irregular

Record May 23, 2025 · Payment Jul 30, 2025

TIMB peers

ETFs holding TIMB

Funds reporting this stock among their holdings, ordered by reported position size.

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