IHS · Ihs Holding Ltd - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $455.10M | $433.30M | $439.60M | - | $420.28M | $435.38M | $417.74M | - | $467.02M |
| Cost of Revenue | - | $239.00M | $211.00M | $213.70M | - | $201.75M | $206.71M | $254.29M | - | $365.03M |
| Gross Profit | - | $216.10M | $222.30M | $225.90M | - | $218.54M | $228.67M | $163.45M | - | $101.99M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $105.00M | $89.00M | $89.40M | - | $91.31M | $87.17M | $87.57M | - | $104.93M |
| Operating Income | - | $159.90M | $146.40M | $163.00M | - | $125.79M | $148.17M | ($7.09M) | - | $7.48M |
| Interest Expense | - | $101.70M | $114.30M | $114.30M | - | $350.82M | $279.16M | $1.56B | - | $261.99M |
| Income Tax | - | $41.00M | $35.40M | $38.50M | - | $6.40M | $36.34M | ($2.06M) | - | $16.66M |
| Net Income | - | $147.40M | $32.30M | $30.70M | - | ($205.70M) | ($124.31M) | ($1.56B) | - | ($265.35M) |
| EPS - Basic | - | $0.45 | $0.11 | $0.10 | - | ($0.61) | ($0.36) | ($4.67) | - | ($0.79) |
| EPS - Diluted | - | $0.44 | $0.10 | $0.10 | - | ($0.61) | ($0.36) | ($4.67) | - | ($0.79) |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $825.70M | $647.60M | $531.80M | $629.00M | $577.96M | $397.50M | $445.71M | $333.20M | $293.82M | $425.44M |
| Accounts Receivable | $181.40M | $272.70M | $310.50M | $285.40M | $313.36M | $421.22M | $399.63M | $351.65M | $607.84M | $629.25M |
| Inventory | $42.10M | $40.80M | $39.00M | $44.30M | $30.75M | $31.87M | $33.56M | $39.88M | $40.59M | $60.38M |
| Accounts Payable | $278.00M | $335.30M | $349.00M | $398.30M | $422.50M | $400.93M | $386.36M | $411.18M | $532.63M | $569.76M |
| Current Assets | $2.50B | $1.07B | $984.50M | $961.20M | $924.31M | $852.74M | $882.31M | $736.11M | $972.61M | $1.14B |
| Total Assets | $4.49B | $4.68B | $4.49B | $4.42B | $4.28B | $4.57B | $4.54B | $4.61B | $5.36B | $5.54B |
| Current Liabilities | $1.20B | $667.10M | $641.20M | $755.50M | $693.57M | $740.43M | $707.86M | $783.17M | $1.22B | $1.23B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.58B | $4.65B | $4.59B | $4.60B | $4.57B | $4.84B | $4.83B | $4.77B | $5.02B | $5.06B |
| Stockholders' Equity | ($89.80M) | $38.10M | ($98.40M) | ($184.40M) | ($295.81M) | ($265.96M) | ($289.61M) | ($163.12M) | $347.35M | $484.79M |
| Retained Earnings | ($6.80B) | ($6.72B) | ($6.88B) | ($6.89B) | ($6.93B) | ($7.17B) | ($6.97B) | ($6.85B) | ($5.29B) | ($4.81B) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $251.30M | $237.70M | $200.30M | - | $174.47M | $134.69M | $75.84M | - | $224.78M |
| Investing Cash Flow | - | ($43.30M) | ($47.30M) | ($39.20M) | - | ($44.52M) | ($58.43M) | $110.46M | - | ($188.13M) |
| Financing Cash Flow | - | ($93.00M) | ($291.30M) | ($108.10M) | - | ($178.69M) | $31.70M | ($83.31M) | - | ($29.11M) |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 47.5% | 51.3% | 51.4% | - | 52.0% | 52.5% | 39.1% | - | 21.8% |
| Operating margin | - | 35.1% | 33.8% | 37.1% | - | 29.9% | 34.0% | -1.7% | - | 1.6% |
| EBITDA margin | - | 58.2% | 54.3% | 57.4% | - | 51.7% | 54.1% | 19.3% | - | 24.1% |
| Net margin | - | 32.4% | 7.5% | 7.0% | - | -48.9% | -28.6% | -372.8% | - | -56.8% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | 21.8% | 52.3% | 55.6% | - | - | - | - | - | - |
| Return on assets | - | 3.1% | 0.7% | 0.7% | - | -4.5% | -2.7% | -33.8% | - | -4.8% |
| Return on equity | - | 386.9% | -32.8% | -16.6% | - | 77.3% | 42.9% | 954.7% | - | -54.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.08 | 1.60 | 1.54 | 1.27 | 1.33 | 1.15 | 1.25 | 0.94 | 0.80 | 0.92 |
| Quick ratio | 2.05 | 1.54 | 1.47 | 1.21 | 1.29 | 1.11 | 1.20 | 0.89 | 0.76 | 0.88 |
| Cash ratio | 0.69 | 0.97 | 0.83 | 0.83 | 0.83 | 0.54 | 0.63 | 0.43 | 0.24 | 0.35 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | 1.6x | 1.3x | 1.4x | - | 0.4x | 0.5x | -0.0x | - | 0.0x |
| Equity multiplier | -50.00 | 122.92 | -45.63 | -23.95 | -14.46 | -17.19 | -15.68 | -28.24 | 15.44 | 11.43 |
| Liabilities / Assets | 1.02 | 0.99 | 1.02 | 1.04 | 1.07 | 1.06 | 1.06 | 1.04 | 0.94 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.10 | 0.10 | 0.10 | - | 0.09 | 0.10 | 0.09 | - | 0.08 |
| Inventory turnover | - | 5.86 | 5.41 | 4.82 | - | 6.33 | 6.16 | 6.38 | - | 6.05 |
| Days sales outstanding | - | 219d | 262d | 237d | - | 366d | 335d | 307d | - | 492d |
| Days inventory outstanding | - | 62d | 67d | 76d | - | 58d | 59d | 57d | - | 60d |
| Days payable outstanding | - | 512d | 604d | 680d | - | 725d | 682d | 590d | - | 570d |
| Cash conversion cycle | - | -231d | -275d | -368d | - | -302d | -288d | -226d | - | -18d |
| Valuation | ||||||||||
| P / E | - | 15.5x | 55.6x | 52.2x | - | - | - | - | - | - |
| P / B | - | 59.6x | - | - | - | - | - | - | - | 3.8x |
| P / S | - | 5.0x | 4.3x | 4.0x | - | 2.4x | 2.4x | 2.8x | - | 4.0x |
| EV / EBITDA | - | 6.1x | 5.7x | 4.4x | - | 2.8x | 2.6x | 10.5x | - | 12.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 8.3% | -0.5% | 5.2% | - | -10.0% | -6.9% | -30.7% | - | -10.4% |
| Revenue CAGR (3y) | - | -4.4% | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | -1.1% | -2.8% | 38.2% | - | 114.3% | 16.0% | -44.7% | - | -58.9% |
| Operating income growth (YoY) | - | 27.1% | -1.2% | - | - | 1582.1% | 53.5% | - | - | -94.3% |
| Net income growth (YoY) | - | - | - | - | - | 22.5% | 30.4% | - | - | -405.6% |
| EPS growth (YoY) | - | - | - | - | - | 22.8% | 32.1% | - | - | -464.3% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 69.6% | - | 66.0% | -13.0% | - | - | - | - | -74.4% | -67.6% |
Peer comparison
Same SIC group: Radiotelephone Communications
Comparing IHS Holding Ltd against the 5 most active filers in the same SIC group.