TIM S.A. Sponsored ADR (TIMB) Key Metrics
TIMB key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Brazilian reaisTIMB returns How much profit the business earns on the capital it uses.
TIMB financial health Debt, liquidity and how easily interest is covered.
TIMB efficiency & capital use Working capital cycle and where the cash goes.
TIMB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TIMB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TIMB cash returned to shareholders
TIMB key metrics in Brazilian reais
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.1% | 12.0% | 11.0% | 6.6% | 20.0% | 36.4% | 28.6% | 13.4% | 7.0% | 4.4% |
| Return on invested capital (ROIC) | 15.2% | 13.8% | 11.4% | 10.1% | 16.6% | 39.8% | 25.0% | 11.4% | 7.9% | 5.0% |
| Return on assets (ROA) | 7.6% | 5.7% | 5.1% | 3.1% | 10.2% | 20.3% | 17.3% | 7.9% | 3.7% | 2.1% |
| Return on tangible assets | 10.2% | 7.6% | 7.1% | 4.2% | 7.5% | 29.1% | 47.5% | 12.0% | 5.8% | 3.1% |
| Free cash flow margin | 33.4% | 30.6% | 33.2% | 21.8% | 26.5% | 27.7% | 18.5% | 13.5% | 7.7% | 3.1% |
| Income quality (OCF / net income) | 3.12 | 3.91 | 4.38 | 5.64 | 4.32 | 4.74 | 1.95 | 2.41 | 4.38 | 6.65 |
| Financial health | ||||||||||
| Total debt | R$28.59B | R$15.61B | R$16.03B | R$17.80B | R$12.91B | R$2.06B | R$2.44B | R$3.60B | R$6.58B | R$8.52B |
| Cash & short-term investments | R$5.88B | R$5.69B | R$5.04B | R$4.74B | R$9.80B | R$894.4M | R$730.7M | R$1.86B | R$3.73B | R$5.61B |
| Net debt | R$22.71B | R$9.92B | R$10.99B | R$13.06B | R$3.11B | R$1.17B | R$1.71B | R$1.74B | R$2.85B | R$2.91B |
| Debt / equity | 1.19 | 0.59 | 0.62 | 0.70 | 0.51 | 0.46 | 0.44 | 0.18 | 0.36 | 0.50 |
| Debt / assets | 0.50 | 0.28 | 0.29 | 0.32 | 0.26 | 0.26 | 0.24 | 0.11 | 0.20 | 0.25 |
| Net debt / EBITDA | 1.65 | 0.76 | 0.89 | 1.21 | 0.35 | 0.14 | 0.16 | 0.28 | 0.47 | 1.19 |
| Current ratio | 0.89 | 0.99 | 0.89 | 0.79 | 1.45 | 1.25 | 1.04 | 0.85 | 1.05 | 1.39 |
| Quick ratio | 0.86 | 0.96 | 0.86 | 0.77 | 1.43 | 1.22 | 1.02 | 0.82 | 1.04 | 1.37 |
| Interest coverage | 3.2 | 2.5 | 2.3 | 1.6 | 2.2 | 3.0 | 4.6 | 5.7 | 3.4 | 1.8 |
| Working capital | −R$1.74B | −R$164.3M | −R$1.48B | −R$2.75B | R$4.79B | R$406.1M | R$83.7M | −R$1.08B | R$383.0M | R$2.83B |
| Invested capital | R$46.68B | R$36.32B | R$37.01B | R$38.46B | R$28.22B | R$5.63B | R$7.28B | R$21.54B | R$21.00B | R$20.10B |
| Tangible asset value | R$9.48B | R$11.65B | R$10.50B | R$8.98B | R$14.52B | R$2.73B | R$3.17B | R$9.11B | R$6.84B | R$6.55B |
| Net current asset value | −R$19.50B | −R$17.26B | −R$17.84B | −R$20.65B | −R$9.31B | −R$1.55B | −R$2.35B | −R$6.16B | −R$6.84B | −R$7.36B |
| Capital allocation | ||||||||||
| Dividends paid | R$5.36B | R$2.72B | R$2.17B | R$1.20B | R$1.04B | R$1.15B | R$770.1M | R$588.2M | R$332.7M | R$460.3M |
| Share buybacks (net) | R$748.3M | R$45.0M | R$2.8M | — | R$11.1M | — | R$0 | R$0 | R$13.1M | — |
| Dividend payout ratio | 124.3% | 86.2% | 76.7% | 71.8% | 35.3% | 63.1% | 21.3% | 23.1% | 26.9% | 61.3% |
| Dividends + buybacks / free cash flow | 68.6% | 35.5% | 27.5% | 25.5% | 22.0% | 24.1% | 24.0% | 25.6% | 27.5% | 94.0% |
| Capex / revenue | 17.1% | 17.9% | 18.9% | 22.0% | 44.1% | 22.5% | 22.2% | 22.6% | 25.6% | 28.8% |
| Capex / operating cash flow | 33.8% | 36.9% | 36.3% | 50.2% | 62.4% | 44.9% | 54.5% | 62.5% | 76.8% | 90.2% |
| Capex / depreciation | 0.64 | 0.65 | 0.63 | 0.69 | 1.40 | 0.70 | 0.75 | 0.97 | 1.03 | 1.19 |
| Stock-based compensation / revenue | 0.1% | 0.1% | −0.1% | 0.0% | 0.1% | 0.0% | 0.0% | −0.0% | 0.1% | 0.0% |
| SG&A / revenue | 28.9% | 20.7% | 21.9% | 23.7% | 31.8% | 31.2% | 5.5% | 34.7% | 33.4% | 32.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 81.7 | 78.5 | 75.4 | 80.2 | 57.9 | 23.0 | 43.1 | 58.3 | 61.6 | 67.6 |
| Days of inventory on hand | 9.7 | 9.6 | 9.0 | 7.5 | 5.3 | 2.2 | 5.7 | 7.3 | 6.3 | 6.8 |
| Days payables outstanding | 150.6 | 147.3 | 140.5 | 128.5 | 82.1 | 36.0 | 130.1 | 196.9 | 175.6 | 170.7 |
| Cash conversion cycle (days) | -59.3 | -59.2 | -56.0 | -40.8 | -19.0 | -10.7 | -81.2 | -131.4 | -107.7 | -96.3 |
| Receivables turnover | 4.47 | 4.65 | 4.84 | 4.55 | 6.31 | 15.85 | 8.47 | 6.26 | 5.92 | 5.40 |
| Payables turnover | 2.42 | 2.48 | 2.60 | 2.84 | 4.44 | 10.14 | 2.81 | 1.85 | 2.08 | 2.14 |
| Inventory turnover | 37.70 | 38.04 | 40.49 | 48.58 | 68.78 | 163.18 | 63.65 | 50.20 | 57.82 | 53.87 |
| Asset turnover | 0.47 | 0.46 | 0.43 | 0.41 | 0.62 | 1.91 | 0.83 | 0.53 | 0.48 | 0.45 |
| Average receivables | R$5.96B | R$5.47B | R$4.92B | R$4.73B | R$2.86B | R$1.09B | R$2.05B | R$2.71B | R$2.74B | R$2.89B |
| Average payables | R$5.06B | R$4.80B | R$4.42B | R$3.75B | R$1.93B | R$788.8M | R$2.65B | R$4.15B | R$3.72B | R$3.60B |
| Average inventory | R$325.4M | R$312.7M | R$283.9M | R$219.3M | R$125.0M | R$49.0M | R$116.8M | R$153.4M | R$133.9M | R$142.8M |
| Intangibles / total assets | 25.5% | 26.2% | 28.1% | 29.1% | 21.2% | 21.7% | 24.0% | 33.4% | 34.7% | 30.7% |
Computed from TIMB's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Brazilian reais; data from EODHD. Averages use the opening and closing balance of each year.
TIMB valuation and financial ratios
TIM S.A. Sponsored ADR earned a return on equity of 17.1% and a return on invested capital of 15.2% in fiscal 2025. It ended the year with R$28.6 billion of debt and R$5.9 billion in cash and short-term investments, net debt of R$22.7 billion. It returned R$6.1 billion to shareholders: R$5.4 billion in dividends and R$748.3 million in share buybacks, 69% of free cash flow.
See the TIMB income statement, the TIMB chart for price history, or the TIMB stock overview for the latest quote and news.
TIMB key metrics FAQ
What is TIM S.A. Sponsored ADR's return on equity?
TIM S.A. Sponsored ADR's return on equity (ROE) was 17.1% in fiscal 2025: net income of R$4.3 billion on average shareholders' equity of R$25.2 billion.
What is TIM S.A. Sponsored ADR's ROIC?
TIM S.A. Sponsored ADR's return on invested capital was 15.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TIM S.A. Sponsored ADR have?
TIM S.A. Sponsored ADR had total debt of R$28.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.19 and R$22.7 billion of net debt (1.65 times EBITDA).
Does TIM S.A. Sponsored ADR buy back its shares?
Yes. TIM S.A. Sponsored ADR spent R$748.3 million on net share repurchases in fiscal 2025.
What is TIM S.A. Sponsored ADR's current ratio?
TIM S.A. Sponsored ADR's current ratio was 0.89 at the end of fiscal 2025: current assets were 0.89 times current liabilities.