Companies in Luxembourg with the highest profit margin
Net margin is net income divided by revenue. Only companies with at least $1 billion in revenue are ranked here: a small company can post an extreme margin that tells you nothing. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Only companies with at least $1bn in revenue are ranked.
Millicom International Cellular (TIGO) tops the list with 22.6% in net margin for fiscal 2025, ahead of Tenaris (16.1%) and Spotify Technology (12.9%). Across the top 10, net margin ranges from 22.6% down to 0.2%. 10 companies in Luxembourg report net margin, 0.7% of the 1438-filer universe. The last place on the list, Ardagh Metal Packaging, comes in at 0.2%.
| # | Company | Net margin | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | Millicom International CellularTIGOLUCommunication services | 22.6% | +418.8% | |
| 2 | TenarisTSLUMaterials | 16.1% | −0.8% | |
| 3 | Spotify TechnologySPOTLUCommunication services | 12.9% | +77.3% | |
| 4 | Corporacion America AirportsCAAPLUIndustrials | 12.6% | −17.7% | |
| 5 | CriteoCRTOLUCommunication services | 7.7% | +28.8% | |
| 6 | ArcelormittalMTLUMaterials | 5.1% | +139.6% | |
| 7 | Nexa ResourcesNEXALUMaterials | 4.4% | +11.8 pp | |
| 8 | GlobantGLOBLUTechnology | 4.2% | −38.9% | |
| 9 | TerniumTXLUMaterials | 2.7% | +3.0 pp | |
| 10 | Ardagh Metal PackagingAMBPLUIndustrials | 0.2% | +0.3 pp |
All figures from SEC filings · FY2025 · 10
see sources
- Millicom International Cellular 0001628280-26-020831 · Derived
- Tenaris 0001554855-26-000490 · Derived
- Spotify Technology 0001628280-26-006874 · Derived
- Corporacion America Airports 0001104659-26-029442 · Derived
- Criteo 0001576427-26-000058 · Derived
- Arcelormittal 0001243429-26-000020 · Derived
- Nexa Resources 0001292814-26-001787 · Derived
- Globant 0001628280-26-012910 · Derived
- Ternium 0001342874-26-000020 · Derived
- Ardagh Metal Packaging 0001104659-26-024068 · Derived
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-luxembourg">Companies in Luxembourg with the highest profit margin</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
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CompaniesRanked. (September 25, 2026). Companies in Luxembourg with the highest profit margin. CompaniesRanked. https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-luxembourgBibTeX
@misc{companiesranked-en-companies-with-the-highest-profit-margin-in-luxembourg-2026,
author = {{CompaniesRanked}},
title = {{Companies in Luxembourg with the highest profit margin}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-luxembourg}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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