IHS Holding Ltd (IHS)

8.36 +0.36% (+0.03)

Over 5Y: -50.8%

2026-08-28
5 10 15
2022 2023 2024 2025 2026

Financials Quarterly

Q1 '23 — Revenue: 602.5M Q1 '23 — Operating Cash Flow: 235.1M Q1 '23 — Free Cash Flow: 129.7M Q1 '23 — Net Income: 7.8M Q2 '23 — Revenue: 546.2M Q2 '23 — Operating Cash Flow: 238.6M Q2 '23 — Free Cash Flow: 80.5M Q2 '23 — Net Income: -1.3B Q3 '23 — Revenue: 467M Q3 '23 — Operating Cash Flow: 220.3M Q3 '23 — Free Cash Flow: 100.4M Q3 '23 — Net Income: -268.8M Q4 '23 — Revenue: 309.5M Q4 '23 — Operating Cash Flow: 159.5M Q4 '23 — Free Cash Flow: 78.1M Q4 '23 — Net Income: -456.8M Q1 '24 — Revenue: 417.7M Q1 '24 — Operating Cash Flow: 75.8M Q1 '24 — Free Cash Flow: 14.8M Q1 '24 — Net Income: -1.6B Q2 '24 — Revenue: 435.4M Q2 '24 — Operating Cash Flow: 134.7M Q2 '24 — Free Cash Flow: 74.2M Q2 '24 — Net Income: -124.3M Q3 '24 — Revenue: 420.3M Q3 '24 — Operating Cash Flow: 174.5M Q3 '24 — Free Cash Flow: 122.3M Q3 '24 — Net Income: -205.7M Q4 '24 — Revenue: 253.8M Q4 '24 — Operating Cash Flow: 344.4M Q4 '24 — Free Cash Flow: 282.9M Q4 '24 — Net Income: 243.1M Q1 '25 — Revenue: 439.6M Q1 '25 — Operating Cash Flow: 200.3M Q1 '25 — Free Cash Flow: 153.2M Q1 '25 — Net Income: 30.7M Q2 '25 — Revenue: 433.3M Q2 '25 — Operating Cash Flow: 237.7M Q2 '25 — Free Cash Flow: 197.7M Q2 '25 — Net Income: 32.3M Q3 '25 — Revenue: 455.1M Q3 '25 — Operating Cash Flow: 251.3M Q3 '25 — Free Cash Flow: 189.2M Q3 '25 — Net Income: 147.4M Q4 '25 — Revenue: 254M Q4 '25 — Operating Cash Flow: 246.9M Q4 '25 — Free Cash Flow: 178.6M -1.5B -1B -500M 0 500M 1B
Q2 '23 Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2025-12-31, 242 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

8.6
OE margin 43.6%
Oper. margin 51.9%
ROIC 26.7%
Accruals -18.0%
FCF margin 45.4%
OCF margin 59.2%
ROCE 25.0%
Gross margin 55.4%
OCF / EBIT 1.1×
ROA 2.8%
ROE —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.5
Segment HHI 0.46 HHI
RPO / sales —
RPO growth —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

4.2
ND/EBITDA —
Payout 0.0%
Quick ratio 2.0×
F-score 7.0 pts
Cash / Debt 0.24×
Debt payback 3.7 yr
Cash runway —
Debt / Eq —
Equity / Assets —
Net debt / Eq —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.8
Sales/sh Y/Y +3.0%
Sales CAGR 4Y +0.036%
EBIT CAGR +20.6%
EBIT Y/Y +36.0%
Sales Q/Q +0.079%
Div. growth —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.