IHS Holding Limited(IHS)Earnings, Financials & Key Ratios
IHS•NYSE
$8.15
19.4× P/E·Price updated Jul 7, 2026
SectorCommunication ServicesIndustryTelecom ServicesSub-IndustryTowers and Shared Telecom Infrastructure
AboutIHS Holding Limited, together with its subsidiaries, owns, operates, and develops shared telecommunications infrastructure in Africa, Latin America, Europe, and the Middle East. It offers colocation and lease agreement, build-to-suit, fiber connectivity, and rural telephony solutions. The company serves mobile network operators, internet service providers, broadcasters, security functions, and private corporations. IHS Holding Limited was founded in 2001 and is based in London, the United Kingdom.Show more
- Revenue$1.58B-7.6%
- EBITDA$648M-23.1%
- Net Income$144M+108.8%
- EPS (Diluted)0.42+108.6%
- Gross Margin54.63%+13.9%
- EBITDA Margin40.95%-16.8%
- Operating Margin16.82%-39.9%
- Net Margin9.08%+109.5%
IHS Price & Volume
IHS Holding Limited (IHS) stock price & volume — 10-year historical chart
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Currency Volatility Masks Underlying Infrastructure Cash Generation
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Contracting
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Currency and Geopolitical Exposure
Key Thesis Takeaways
- IHS Holding Limited presents a complex investment profile defined by its entrenched power-as-a-service infrastructure moat, which is currently overshadowed by severe currency devaluation and a precarious capital structure.
- While the company demonstrates robust cash-generating capacity, evidenced by a 38.3% FCF margin in 2026Q1, the persistent negative equity position of $193.3M and significant exposure to volatile emerging markets create substantial long-term risk.
- Investors should monitor the company's ability to stabilize top-line growth, which contracted by 5.5% in 2026Q1, against the backdrop of its $3.5B debt burden.
Verdict Logic
while the company maintains a healthy 38.3% FCF margin, the combination of a negative equity base and a 19.79 D/EBITDA ratio warrants extreme caution regarding long-term solvency.
IHS Growth Metrics
IHS Holding Limited (IHS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.09%
5 Years2.43%
3 Years-6.91%
TTM-10.12%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM508.3%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM478.57%
Return on Capital
10 Years6.38%
5 Years9.45%
3 Years10.56%
Last Year7.75%
IHS Recent Earnings
IHS Holding Limited (IHS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$0.20-38.5%
$0.33
Rev
$467M+6.4%
$439M
Q2 2026
Mar 16, 2026Metric
Actual
Est
EPS
$0.98+476.5%
$0.17
Rev
$398M-7.2%
$429M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.44+340.0%
$0.10
Rev
$455M+6.2%
$429M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.10-41.2%
$0.17
Rev
$433M+3.1%
$420M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.20vs $0.33-38.5% | $467Mvs $439M+6.4% |
| Q2 2026 | Mar 16, 2026 | $0.98vs $0.17+476.5% | $398Mvs $429M-7.2% |
| Q4 2025 | Nov 12, 2025 | $0.44vs $0.10+340.0% | $455Mvs $429M+6.2% |
| Q3 2025 | Aug 12, 2025 | $0.10vs $0.17-41.2% | $433Mvs $420M+3.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for IHS Holding Limited (IHS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.15 | $2.73B | 19.40 | -7.55% | 9.08% | — | — | |
| $165.25 | $76.99B | 30.66 | 5.11% | 26.6% | 27.44% | — | |
| $77.22 | $33.7B | 75.71 | -35.06% | 25.13% | — | — | |
| $183.23 | $19.43B | 18.70 | 5.06% | 35.66% | — | — | |
| $1.89 | $539.38M | -8.59 | -4.06% | -21.76% | — | — | |
| $10.77 | $2.62B | 2.21 | 91.49% | 40.53% | — | — |
Compare IHS vs Peers
IHS Holding Limited (IHS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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IHS Frequently Asked Questions
IHS Holding Limited (IHS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is IHS Holding Limited's revenue?
IHS Holding Limited (IHS) reported $1.56B in revenue for fiscal year 2025. This represents a 183% increase from $550.8M in 2007.
How fast is IHS Holding Limited growing?
IHS Holding Limited (IHS) saw revenue decline by 7.6% over the past year.
Is IHS profitable?
Yes, IHS Holding Limited (IHS) is profitable, generating $186.3M in net income for fiscal year 2025 (9.1% net margin).
Dividend & Returns
What is IHS Holding Limited's free cash flow?
IHS Holding Limited (IHS) generated $615.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.