Saturday 17 October 2026 Export IHS’s income statement to Excel — free account

IHS Holding Limited

IHS Holding Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 3.59% from fiscal 2024. In the quarter to June 2026, revenue grew 10.4%, EPS fell 127.3%, free cash flow fell 41.3% and total debt fell 8.51%, each against the same quarter a year earlier.

8.44 0.00 0.00%

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Market cap: $2.9B
P/E: 20.1×
Fwd P/E: 7.6×
Dividend yield: —
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.83

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	3	3	—	—	—	—	—	—

Insider Ownership 42.76%

Capital & Financial Ratios $m

Market Cap 2,860.00

Revenue 1,645.70

Net Income 119.50

Free Cash Flow 645.50

Net Debt 2,349.80

Current Ratio 1.93

Debt/Equity (18.75)

P/E ratio 20.10

Fwd P/E 7.61

P/S ratio 1.50

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 85.71%

Next Y EPS Growth 7.69%

Next Y revenue growth 13.40%

Next 5Y EPS Growth 32.64%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 66.75%

10-year low 10-year high

EV/Sales against its own 10 years 50.04%

10-year low 10-year high

EV/FCF against its own 10 years 20.29%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	12.34	4.91	4.12	2.18	2.90	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	18.48	14.23	10.13	4.56	8.00
People
People	Employees	—	—	—	—	2,113	2,292	2,786	2,988	2,988	2,762
	Revenue/emp, $m	—	—	0.00	0.00	0.66	0.69	0.70	0.71	0.51	0.57
Income, $m
Income, $m	Revenue	—	—	1,168	1,231	1,403	1,580	1,961	2,126	1,527	1,582
	Gross margin, %	—	—	34.33	34.12	40.25	42.56	41.01	44.33	51.96	55.41
	EBT	—	—	(86)	(410)	(153)	(8)	(544)	(1,881)	(1,411)	691
	EBT margin, %	—	—	(7.36)	(33.30)	(10.89)	(0.52)	(27.74)	(88.48)	(92.37)	43.67
	Net income	—	0	(133)	(410)	(153)	(8)	(544)	(1,881)	(1,610)	120
	Depreciation	—	—	317	385	409	383	469	436	363	376
Per share, $
Per share, $	Revenue	—	—	3.53	0.01	4.77	5.25	5.93	6.38	4.59	4.74
	Earnings	—	—	(0.40)	0.00	(1.10)	(0.09)	(1.39)	(5.93)	(4.90)	0.43
	Cash flow	—	—	0.92	0.00	2.16	2.49	2.74	2.56	2.19	2.80
	Capex	—	—	0.00	0.00	(0.77)	(1.32)	(1.68)	(1.79)	(0.73)	(0.75)
	Free cash flow	—	—	0.92	0.00	1.39	1.17	1.06	0.77	1.46	2.05
	Book value	—	—	0.00	0.01	4.16	5.79	4.11	1.04	(0.94)	(0.27)
	Shares, m	—	—	331	146,786	294	301	331	333	333	334
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.35
	P/S	—	—	2.25	2.25	2.25	2.19	1.06	0.69	0.64	1.57
	P/B	—	—	4.11	4.11	4.11	2.44	1.52	4.24	0.00	0.00
	EV/Sales	—	—	3.13	3.13	3.13	3.23	2.76	2.45	2.76	3.23
	EV/FCF	—	—	18.30	18.30	18.30	17.77	15.50	20.19	8.65	7.46
Cash, $m
Cash, $m	Operating cash flow	—	—	304	642	635	750	907	853	729	936
	Capex	—	—	(378)	(256)	(227)	(398)	(558)	(596)	(242)	(250)
	Free cash flow	—	—	304	386	408	352	350	258	487	686
Balance, $m
Balance, $m	Working capital	—	—	—	657	306	600	(13)	(249)	276	1,300
	Total debt	—	—	—	2,224	2,490	2,935	3,863	4,022	3,818	3,449
	Net debt	—	—	—	1,325	1,877	2,018	3,349	3,727	3,240	2,624
	Shareholders’ equity	—	—	—	1,430	1,224	1,744	1,360	347	(314)	(90)
Returns, %
Returns, %	ROA	—	—	0.00	(20.34)	(7.48)	(0.52)	(7.74)	(33.83)	(33.96)	3.29
	ROIC	—	—	—	(3.56)	6.69	6.45	4.14	8.14	12.90	20.26
	ROE	—	—	0.00	(32.08)	(24.26)	(1.74)	(29.58)	(231.51)	(9,904.72)	(71.05)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$7.4B	130×	24.1×	+109.03% (above 0%: growing)	+71.43% (above 0%: growing)	+164.71% (above 0%: growing)	100.00%	2.88%	Compare
FSV FirstService Corporation	$6.2B	38.3×	34.9×	+2.37% (above 0%: growing)	−0.99% (below 0%: shrinking)	−23.87% (below 0%: shrinking)	33.17%	6.88%	Compare
CIGI Colliers International Group Inc.	$4.6B	42.6×	49.4×	+16.68% (above 0%: growing)	+600.00% (above 0%: growing)	+285.13% (above 0%: growing)	40.39%	6.26%	Compare
IHS IHS Holding Limited	$2.9B	20.1×	7.6×	+10.41% (above 0%: growing)	n/m	−41.30% (below 0%: shrinking)	48.32%	19.32%
CWK Cushman & Wakefield PLC	$2.7B	39.0×	11.1×	+11.22% (above 0%: growing)	−12.00% (below 0%: shrinking)	+15,066.67% (above 0%: growing)	18.53%	4.86%	Compare
OPEN Opendoor Technologies Inc.	$2.3B	— (loss-making)	— (loss-making)	−43.65% (below 0%: shrinking)	n/m	−188.06% (below 0%: shrinking)	9.74%	(16.31%)	Compare
NMRK Newmark Group, Inc.	$2.2B	14.3×	15.4×	+17.03% (above 0%: growing)	−8.33% (below 0%: shrinking)	+188.46% (above 0%: growing)	100.00%	4.55%	Compare
IRS IRSA Inversiones Y Representaciones S.A.	$1.2B	3.7×	—	+6.47% (above 0%: growing)	n/m	−60.83% (below 0%: shrinking)	63.23%	(78.13%)	Compare
HBNB Hotel101 Global Holdings Corp.	$1.1B	—	—	—	—	—	—	—	Compare
Median of peers	$2.5B	38.6×	24.1×	+11.22%	−0.99%	+164.71%	40.39%	4.55%

All 46 Real Estate Services stocks →

IHS Holding Limited (IHS) key facts

Strength: IHS Holding Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 3.59% from fiscal 2024.
IHS Holding Limited (IHS) is a Real Estate Services company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, IHS traded at $8.44, a market capitalization of $2.9 billion.
Return on equity was −71.1% and debt-to-equity -18.75.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.