IHS Holding Limited (IHS) Stock Analysis
Real Estate · Real Estate Services · NYSE
IHS Holding Limited (IHS) posted $1.58B in revenue for fiscal 2025 (up 3.6% year over year), at a 9.1% net margin, and has compounded revenue about -6.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on IHS Holding Limited
IHS Holding Limited has grown revenue from $1.96B to $1.58B over the last 4 fiscal years, compounding about -6.9% a year. The most recent year was up 3.6%, so growth is actually accelerating.
Net margin sits at 9.1%, up 116 points year over year on a 55.4% gross margin. It carries about $3.14B of total debt.
At today's valuation the market is pricing in roughly -15.4% annual free-cash-flow growth. The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from IHS Holding Limited's SEC filings — descriptive, not advice. Ask the analyst your own question →
IHS Holding Limited revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.96B | $1.93B | $1.53B | $1.58B |
| Gross profit | $804.30M | $888.70M | $793.60M | $876.60M |
| Net income | $-459.01M | $-1.98B | $-1.63B | $143.60M |
| Net margin | -23.4% | -102.7% | -106.9% | 9.1% |
Source: IHS Holding Limited SEC filings (10-K).
IHS Holding Limited: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 37.6% versus revenue 3.6% — possible overproduction or softening demand.
What growth is priced into IHS stock?
At today's market cap of $2.79B, IHS Holding Limited is priced for free-cash-flow growth of about -15.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $684.10M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of IHS Holding Limited financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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IHS Holding Limited financial history by metric
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About IHS Holding Limited
IHS Holding Limited, together with its subsidiaries, develops, owns, and operates shared communications infrastructure in Nigeria, Cameroon, Côte d'Ivoire, South Africa, and Zambia. The company offers colocation and lease amendment services, which allows customers to lease space on existing towers alongside current tenants, install additional equipment on a tower, and request for ancillary services; build-to-suit sites; in-building solutions and distributed antenna systems, which allows customers to lease space in secure locations within large building complexes, such as shopping malls, stadiums, and airports; non-intrusive small cell installation services on commercial premises, lampposts, and poles; fiber-to-the-tower connectivity services; rural telephony services; and managed services, including maintenance, security, and power supply services. It serves communication service providers, 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.
IHS Holding Limited — frequently asked questions
What is IHS Holding Limited's revenue?
IHS Holding Limited (IHS) reported revenue of $1.58B for fiscal year 2025, up 3.6% from the prior year, according to its SEC filings.
Is IHS Holding Limited profitable?
Yes. IHS earned net income of $143.60M in fiscal 2025, a net margin of 9.1%.
What is IHS's P/E ratio?
IHS Holding Limited trades at a price-to-earnings ratio of about 4.5 based on the latest data in our nightly-refreshed cache.
How fast is IHS Holding Limited growing?
IHS's revenue grew at roughly -6.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does IHS Holding Limited have?
As of fiscal year 2025, IHS carried roughly $3.14B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is IHS Holding Limited's gross margin?
IHS's gross margin was 55.4% in fiscal 2025 — gross profit of $876.60M on revenue of $1.58B.
What is IHS Holding Limited's market cap?
IHS Holding Limited (IHS) has a market capitalization of about $2.79B, based on the latest data in our nightly-refreshed cache.
When does IHS Holding Limited's fiscal year end?
IHS's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into IHS stock?
At today's market cap of $2.79B, IHS Holding Limited is priced for free-cash-flow growth of about -15.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $684.10M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from IHS Holding Limited's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.