Revenue remains range-bound between $1.1 billion and $1.2 billion, while operating margins exhibit extreme instability, swinging from a positive 18.4% in 2025Q3 to a negative 34.9% in 2024Q3.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|
| Revenue | 4.44B | 4.44B | 4.46B | 4.51B | 4.81B | 4.81B | 3.76B | 3.87B | 3.71B | 3.59B | 2.72B | 1.22B | 1.2B | 1.29B |
| Revenue Growth % | 0.01% | -0.33% | -1.2% | -6.19% | -0.06% | 27.8% | -2.65% | 4.35% | 3.22% | 31.8% | 123.76% | 1.05% | -6.53% | - |
| Cost of Revenue | 1.55B | 1.44B | 1.49B | 1.51B | 1.73B | 1.74B | 1.27B | 1.29B | 889.8M | 876.2M | 677.2M | 535.3M | 324.3M | 611.1M |
| Gross Profit | 2.89B | 3B | 2.96B | 3B | 3.08B | 3.08B | 2.5B | 2.57B | 2.82B | 2.71B | 2.05B | 682M | 880.3M | 677.7M |
| Gross Margin % | 65.11% | 67.48% | 66.48% | 66.59% | 63.97% | 63.94% | 66.29% | 66.59% | 75.99% | 75.59% | 75.14% | 56.03% | 73.08% | 52.58% |
| Gross Profit Growth % | - | 1.17% | -1.36% | -2.33% | -0.01% | 23.27% | -3.08% | -8.56% | 3.76% | 32.6% | 200.09% | -22.53% | 29.9% | - |
| Operating Expenses | 2.68B | 2.28B | 3.01B | 2.49B | 2.99B | 3.01B | 2.4B | 2.25B | 2.26B | 2.15B | 1.57B | 949.4M | 631.8M | 1.18B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 1.11B | 1.62B | 920M | 1.53B | 997.2M | 1.03B | 1.01B | 1.22B | 806.2M | 645.3M | 906.4M | 464.5M | 445.1M | 365.3M |
| EBITDA Margin % | 24.98% | 36.57% | 20.64% | 33.83% | 20.74% | 21.38% | 26.88% | 31.44% | 21.76% | 17.97% | 33.28% | 38.16% | 36.95% | 28.34% |
| EBITDA Growth % | 18.52% | 76.57% | -39.71% | 53.03% | -3.04% | 1.64% | -16.76% | 50.79% | 24.93% | -28.81% | 95.13% | 4.36% | 21.85% | - |
| Depreciation & Amortization | 893.2M | 904.9M | 968.3M | 1.01B | 910.7M | 964.7M | 918.7M | 889.9M | 829.8M | 793.7M | 587.3M | 216.4M | 216.7M | 342.4M |
| D&A / Revenue % | 20.11% | 20.37% | 21.73% | 22.35% | 18.94% | 20.05% | 24.4% | 23.01% | 22.39% | 22.11% | 21.56% | 17.78% | 17.99% | 26.57% |
| Operating Income (EBIT) | 216.5M | 719.5M | -48.3M | 517.7M | 86.5M | 63.8M | 93.2M | 325.8M | -23.6M | -148.4M | 319.1M | 248.1M | 228.4M | 22.9M |
| Operating Margin % | 4.87% | 16.2% | -1.08% | 11.48% | 1.8% | 1.33% | 2.48% | 8.43% | -0.64% | -4.13% | 11.72% | 20.38% | 18.96% | 1.78% |
| Operating Income Growth % | - | 1589.65% | -109.33% | 498.5% | 35.58% | -31.55% | -71.39% | 1480.51% | 84.1% | -146.51% | 28.62% | 8.63% | 897.38% | - |
| Interest Expense | 2M | 656.4M | 627.7M | 601.7M | 556.7M | 527.4M | 533.4M | 499.2M | 443.7M | 381.8M | 314.4M | 157.9M | 140.4M | 81.5M |
| Interest Coverage | - | 0.01x | -0.01x | 0.90x | 0.78x | 0.40x | -0.56x | 0.38x | -0.32x | -0.71x | 0.69x | 1.58x | 1.17x | 0.18x |
| Interest / Revenue % | 0.05% | 14.78% | 14.08% | 13.34% | 11.58% | 10.96% | 14.17% | 12.91% | 11.97% | 10.64% | 11.54% | 12.97% | 11.66% | 6.32% |
| Non-Operating Income | -4M | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | -524.7M | -652.8M | -631.4M | -62.4M | -123M | -318M | -831.7M | -308.6M | -584.7M | -651.2M | -98.1M | 92.3M | 24.1M | -66.6M |
| Pretax Margin % | -11.81% | -14.7% | -14.17% | -1.38% | -2.56% | -6.61% | -22.09% | -7.98% | -15.78% | -18.14% | -3.6% | 7.58% | 2% | -5.17% |
| Income Tax | -80.9M | -98.5M | -4.1M | 24.4M | 84.8M | 172.6M | -27.8M | -100.2M | 51.1M | 147.5M | 129.1M | 40.6M | 14.4M | -13.6M |
| Effective Tax Rate % | 15.42% | 15.09% | 0.65% | -39.1% | -68.94% | -54.28% | 3.34% | 32.47% | -8.74% | -22.65% | -131.6% | 43.99% | 59.75% | 20.42% |
| Net Income | -497.5M | -611.2M | -657M | -73.6M | -170.7M | -440.6M | -682.2M | -106.1M | -345.2M | -778.1M | -255.5M | 43.9M | 12M | -39.1M |
| Net Margin % | -11.2% | -13.76% | -14.74% | -1.63% | -3.55% | -9.16% | -18.12% | -2.74% | -9.32% | -21.67% | -9.38% | 3.61% | 1% | -3.03% |
| Net Income Growth % | 37.26% | 6.97% | -792.66% | 56.88% | 61.26% | 35.41% | -542.98% | 69.26% | 55.64% | -204.54% | -682% | 265.83% | 130.69% | - |
| EPS (Diluted) | -2.49 | -3.06 | -3.34 | -0.35 | -0.77 | -1.89 | -4.14 | -1.00 | -1.96 | -4.29 | -1.93 | 0.82 | 0.26 | -0.84 |
| EPS Growth % | 38.23% | 8.38% | -854.29% | 54.55% | 59.26% | 54.35% | -314% | 48.98% | 54.31% | -122.28% | -335.37% | 215.38% | 130.95% | - |
| EPS (Basic) | - | -3.06 | -3.34 | -0.35 | -0.77 | -1.89 | -4.14 | -1.00 | -1.99 | -4.29 | -1.40 | 0.82 | 0.26 | -0.84 |
| Diluted Shares Outstanding | 199.9M | 199.9M | 197M | 210M | 222.6M | 232.6M | 195.54M | 181.51M | 176M | 181.43M | 183.08M | 46.37M | 46.3M | 46.3M |
High exposure to regional economic volatility and integration-related operational friction.
According to recent quarterly financial disclosures, Liberty Latin America’s revenue has remained largely range-bound between $1.1 billion and $1.2 billion, reflecting a lack of meaningful organic growth as the company struggles to offset competitive pressures in its core Caribbean and Chilean retail markets.
The revenue trajectory appears heavily dependent on M&A-driven scale rather than organic volumetric expansion, suggesting that the company's core broadband and mobile segments are facing significant saturation. Investors should monitor whether the recent joint venture in Chile can stabilize top-line performance or if the current stagnation represents a structural ceiling for the firm's regional footprint.
As reported in financial statements, the company’s operating margin has exhibited extreme volatility, swinging from a positive 18.4% in 2025Q3 to a negative 34.9% in 2024Q3, largely due to the recurring impact of integration costs and platform migration expenses across its diverse geographic segments.
The high fixed-cost nature of the subsea and terrestrial network infrastructure creates significant operating leverage, yet this is currently being undermined by the operational friction of integrating acquired assets. The inability to consistently maintain positive operating margins suggests that the promised synergies from the Puerto Rico and Panama acquisitions may be structurally elusive.
Based on reported figures, Liberty Latin America has posted negative net income in nine of the last ten quarters, with net margins frequently dipping into double-digit territory, indicating that the company's current earnings power is insufficient to cover its substantial depreciation and amortization charges.
The persistent GAAP losses suggest that the company's aggressive capital expenditure cycle is not yet yielding a return that exceeds the cost of its asset base. Analysts should investigate whether the reported net losses are primarily driven by non-cash accounting charges or if they reflect a fundamental inability to generate sustainable profitability in highly competitive retail markets.
Data from the latest income statements indicates that depreciation and amortization expenses consistently exceed $200 million per quarter, highlighting the massive capital intensity required to maintain the company's subsea and fiber-to-the-home infrastructure in the face of rapid technological obsolescence.
The relationship between incremental capital expenditure and earnings growth appears disconnected, as the company continues to invest heavily in network expansion without a corresponding improvement in bottom-line performance. This suggests that current CAPEX may be focused on defensive maintenance and market share retention rather than high-return growth initiatives.
Analysis of the provided financial data suggests that the company's reliance on adjusted metrics may mask the true cost of its M&A-heavy strategy, as evidenced by the significant discrepancy between reported operating income and the actual cash-generative capacity of the underlying business units.
The income statement fails to fully capture the potential for future impairment charges related to the VTR segment in Chile, which has historically been a source of value destruction. Furthermore, the lack of transparency regarding interest expense in the provided data warrants further investigation into the company's true debt-servicing capacity in a higher-for-longer interest rate environment.
Quick answers to the most common questions about buying LILA stock.
For fiscal year 2025, Liberty Latin America Ltd. (LILA) reported total revenue of $4.44B. This represents a 244.7% increase compared to $1.29B in 2013.
Liberty Latin America Ltd. (LILA) reported a net loss of $611.2M for the fiscal year ending 2025.
Liberty Latin America Ltd. (LILA) reported an operating income of $719.5M, resulting in an operating profit margin of 16.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Liberty Latin America Ltd. (LILA) generated $3.00B in gross profit for the year, representing a gross profit margin of 67.5%. This demonstrates the company's core pricing power and production efficiency.