Pricing Log in Create free account
Friday 6 November 2026 Export IHS’s income statement to Excel — free account

IHS Holding Limited

IHS Real Estate Real Estate Services

IHS Holding Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 3.59% from fiscal 2024.

Revenue
+10.4%
EPS
−127.3%
Free cash flow
−41.3%
Total debt
−8.51%

Quarter to June 2026, against a year earlier

8.42 0.01 −0.12%
Market cap
$2.9B
P/E
20.1×
Fwd P/E
11.9×
Dividend yield
—
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.83
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 3 3 — — — — — — —
Insider Ownership 42.76%

Capital & Financial Ratios $m

Size
Market Cap 2,850.00
Revenue ttm 1,645.70
Net income ttm 119.50
Free cash flow ttm 645.50
Net debt Q 2,349.80
Valuation
P/E 20.12
Forward P/E 11.90
Price / sales 1.51
Forward P/S Powerpack
Price / FCF 3.84
Price / book 0.00
Financial health
Current ratio Q 1.93
Debt / equity Q (18.75)
Interest coverage Q 0.78
Growth
Revenue growth Q +10.41% (above 0%: growing)
Operating income growth Q −44.50% (below 0%: shrinking)
EPS, this year +85.71% (at or above 15%: strong)
EPS, next year A +7.69%
Revenue, next year A +10.68% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +32.64% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 2.9×; over the ten years it ranged from 2.2× in 2024 to 3.8× in 2025.
P/S against its own 10 years 66.96%
10-year low 10-year high
EV/Sales against its own 10 years 50.35%
10-year low 10-year high
EV/FCF against its own 10 years 20.93%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 294 578 826 1,074
Receivables 612 316 182 199
Inventory 41 31 42 47
Other — — — —
973 924 2,503 2,355
2023 2024 2025 Q'26
Payables 533 377 278 334
ST’ Debt 454 129 296 324
Other 68 10 499 407
1,222 648 1,203 1,223

Compound Annual Growth %

10y 5y 3y
Sales — 2.43% (6.91%)
Cash Flow — 8.06% 1.05%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Dec 2025 Estimate 0.17 Actual 0.98

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Mar 2025 0.17 0.10 Miss by 0.07
Jun 2025 0.17 0.10 Miss by 0.07
Sep 2025 0.10 0.44 Beat by 0.34
Dec 2025 0.17 0.98 Beat by 0.81

EPS $

Mar Jun Sep Dec Year
’26 0.22 (0.03) — — —
’25 0.10 0.10 0.44 (0.23) 0.42
’24 (4.67) (0.36) (0.61) 0.73 (4.90)
’23 0.03 (3.73) (0.79) (1.36) (5.93)
’22 0.05 (0.53) (0.11) (0.82) (1.39)
’21 (0.09) 0.00 (0.10) (0.23) (0.09)
’20 — 0.00 (0.06) 0.00 (1.02)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 415 429 — — —
’25 392 388 455 347 1,582
’24 418 435 420 254 1,527
’23 603 546 467 510 2,126
’22 446 468 521 526 1,961
’21 362 764 401 416 1,580
’20 — 664 368 739 1,403
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 229 150 — — —
’25 200 238 251 247 936
’24 76 135 175 344 729
’23 235 239 220 159 853
’22 148 191 286 282 907
’21 195 174 199 182 750
’20 — 216 502 134 635
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 183 113 — — —
’25 144 193 177 172 686
’24 10 73 125 280 487
’23 87 38 78 54 258
’22 31 45 112 161 350
’21 102 101 118 32 352
’20 — 216 340 69 408
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 1,168 1,231 1,403 1,580 1,961 2,126 1,527 1,582 1,646 +4.4% 1,751 1,741 1,862 +5.6%
Gross margin, % — — 34.33 34.12 40.25 42.56 41.01 44.33 51.96 55.41 53.48 +21.1 pt
EBT — — (86) (410) (153) (8) (544) (1,881) (1,411) 691 642 n/m
EBT margin, % — — (7.36) (33.30) (10.89) (0.52) (27.74) (88.48) (92.37) 43.67 39.00 +51.0 pt
Net income — 0 (133) (410) (153) (8) (544) (1,881) (1,610) 120 120 n/m
Per share, $
Per share, $ Revenue — — 3.53 4.19 4.77 5.25 5.93 6.38 4.59 4.74 5.61 +4.3%
Earnings — — (0.40) (1.44) (1.10) (0.09) (1.39) (5.93) (4.90) 0.43 0.42 n/m
Cash flow — — 0.92 2.19 2.16 2.49 2.74 2.56 2.19 2.80 2.99 +17.3%
Capex — — 0.00 (0.87) (0.77) (1.32) (1.68) (1.79) (0.73) (0.75) (0.79) n/m
Free cash flow — — 0.92 1.32 1.39 1.17 1.06 0.77 1.46 2.05 2.20 +12.2%
Book value — — 0.00 4.87 4.16 5.79 4.11 1.04 (0.94) (0.27) (0.62) n/m
Shares, m — — 331 294 294 301 331 333 333 334 325 +0.1%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.35 20.12 2.2
P/S — — 2.25 2.25 2.25 2.19 1.06 0.69 0.64 1.57 1.51 1.6
P/B — — 4.11 4.11 4.11 2.44 1.52 4.24 0.00 0.00 0.00 2.6
EV/Sales — — 3.13 3.13 3.13 3.23 2.76 2.45 2.76 3.23 2.93 3.0
EV/FCF — — 18.30 18.30 18.30 17.77 15.50 20.19 8.65 7.46 7.48 15.6
Cash, $m
Cash, $m Operating cash flow — — 304 642 635 750 907 853 729 936 877 +17.4%
Capex — — (378) (256) (227) (398) (558) (596) (242) (250) (231) (5.7%)
Free cash flow — — 304 386 408 352 350 258 487 686 646 +12.3%
Balance, $m
Balance, $m Working capital — — — 657 306 600 (13) (249) 276 1,300 1,132 +12.0%
Net debt — — — 1,325 1,877 2,018 3,349 3,727 3,240 2,624 2,350 +12.1%
Shareholders’ equity — — — 1,430 1,224 1,744 1,360 347 (314) (90) (183) n/m
Returns, %
Returns, % ROA — — 0.00 (20.34) (7.48) (0.52) (7.74) (33.83) (33.96) 3.29 3.21 +3.3 pt
ROIC — — — (3.56) 6.69 6.45 4.14 8.14 12.90 20.26 20.20 +23.8 pt
ROE — — 0.00 (32.08) (24.26) (1.74) (29.58) (231.51) (9,904.72) (71.05) (101.14) (71.0) pt
People
People Employees — — — — 2,113 2,292 2,786 2,988 2,988 2,762 — +5.5%
Revenue/emp, $m — — 0.00 0.00 0.66 0.69 0.70 0.71 0.51 0.57 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

IHS Holding Limited vs peers in Real Estate Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
COMP Compass, Inc. $7.1B 131× 200× +109.03% (above 0%: growing) +71.43% (above 0%: growing) +164.71% (above 0%: growing) 100.00% 2.88% Compare
FSV FirstService Corporation $6.4B 46.9× 43.6× +5.81% (above 0%: growing) −20.80% (below 0%: shrinking) −39.90% (below 0%: shrinking) 32.46% 7.01% Compare
CIGI Colliers International Group Inc. $4.9B 45.4× 36.5× +16.68% (above 0%: growing) +600.00% (above 0%: growing) +285.13% (above 0%: growing) 40.39% 6.26% Compare
CWK Cushman & Wakefield PLC $3.3B 48.9× 12.4× +7.75% (above 0%: growing) +0.91% (above 0%: growing) −21.73% (below 0%: shrinking) 17.32% 4.63% Compare
IHS IHS Holding Limited $2.9B 20.1× 11.9× +10.41% (above 0%: growing) n/m −41.30% (below 0%: shrinking) 48.32% 19.32%
NMRK Newmark Group, Inc. $2.2B 14.4× 14.6× +17.03% (above 0%: growing) −8.33% (below 0%: shrinking) +188.46% (above 0%: growing) 100.00% 4.55% Compare
OPEN Opendoor Technologies Inc. $1.7B — (loss-making) — (loss-making) +11.69% (above 0%: growing) n/m −293.52% (below 0%: shrinking) 3.72% (18.30%) Compare
HBNB Hotel101 Global Holdings Corp. $1.1B — — — — — — — Compare
MMI Marcus & Millichap, Inc. $1.1B 78.3× 63.6× +17.78% (above 0%: growing) n/m +10.09% (above 0%: growing) 37.58% 1.09% Compare
Median of peers $2.7B 47.9× 40.1× +16.68% +0.91% +10.09% 37.58% 4.55%

All 44 Real Estate Services stocks →

IHS Holding Limited (IHS) Latest News

5 Nov

Impact 4 · · Simply Wall St.

11 Aug

Impact 3 ·

7 Aug

Impact 4 ·
Impact 4 ·

14 May

Impact 4 · · The Motley Fool

13 May

Impact 4 · · Simply Wall St.

12 May

Impact 4 · · Business Wire

7 May

Impact 4 · · Business Wire

26 Mar

Impact 3 · · The Motley Fool

16 Mar

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire

6 Mar

Impact 4 · · Zacks

1 Mar

Impact 5 · · Insider Monkey

17 Feb

Impact 5 · · Business Wire
Impact 5 · · GlobeNewswire
Impact 4 · · Business Wire
Impact 4 · · Business Wire

11 Feb

Impact 3 · · Business Wire

5 Feb

Impact 4 · · Business WireInsider MonkeySimply Wall St.ReutersSimply Wall St.Simply Wall St.Simply Wall St.Motley Fool

3 Feb

Impact 4 · · Simply Wall St.Simply Wall St.

2 Feb

Impact 4 · · Insider MonkeyInsider MonkeyInsider MonkeyInsider MonkeyInsider MonkeyInsider MonkeyInsider MonkeyInsider Monkey

7 Jan

Impact 4 · · Zacks
Impact 4 · · Zacks

15 Dec

Impact 4 · · Zacks

11 Dec

Impact 4 · · Simply Wall St.

10 Dec

Impact 4 · · Simply Wall St.
Impact 4 · · Zacks
Impact 3 · · Simply Wall St.

9 Dec

Impact 4 · · Zacks

IHS metrics, ten years each

stockrow.com/IHS · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com