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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $1.58B | $1.71B | $2.13B | $1.96B | $1.40B |
| Cost of Revenue | $705.40M | $890.53M | $1.18B | $1.16B | $838.42M |
| Gross Profit | $876.60M | $820.69M | $942.23M | $804.41M | $564.73M |
| R&D | - | - | - | - | - |
| SG&A | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - |
| D&A | - | $362.74M | $435.59M | $469.25M | $408.66M |
| Operating Income | $821.40M | $479.15M | $530.65M | $312.35M | $331.94M |
| Interest Expense | $349.70M | $2.12B | $2.44B | $872.03M | $182.25M |
| Income Tax | $86.40M | $33.96M | $107.53M | ($73.45M) | $169.83M |
| Net Income | $126.80M | ($1.64B) | ($1.99B) | ($470.40M) | ($322.68M) |
| EPS - Basic | $0.43 | ($4.90) | ($5.93) | ($1.39) | ($1.09) |
| EPS - Diluted | $0.42 | ($4.90) | ($5.93) | ($1.39) | ($1.09) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $825.70M | $577.96M | $293.82M | $514.08M | $916.49M |
| Accounts Receivable | $181.40M | $313.36M | $607.84M | $663.47M | $327.19M |
| Inventory | $42.10M | $30.75M | $40.59M | $74.22M | $49.22M |
| Accounts Payable | $278.00M | $422.50M | $532.63M | $669.15M | $409.49M |
| Current Assets | $2.50B | $924.31M | $972.61M | $1.25B | $1.43B |
| Total Assets | $4.49B | $4.28B | $5.36B | $6.32B | $4.45B |
| Current Liabilities | $1.20B | $693.57M | $1.22B | $1.27B | $683.64M |
| Long-term Debt | - | - | - | - | - |
| Total Liabilities | $4.58B | $4.57B | $5.02B | $4.96B | $3.22B |
| Stockholders' Equity | ($89.80M) | ($295.81M) | $347.35M | $1.36B | $1.33B |
| Retained Earnings | ($6.80B) | ($6.93B) | ($5.29B) | ($3.32B) | ($2.84B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $936.20M | $729.30M | $853.45M | $907.30M | $635.26M |
| Investing Cash Flow | ($22.30M) | $63.18M | ($722.25M) | ($1.52B) | ($758.51M) |
| Financing Cash Flow | ($644.10M) | ($431.00M) | ($162.30M) | $398.24M | ($128.14M) |
| CapEx | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 55.4% | 48.0% | 44.3% | 41.0% | 40.2% |
| Operating margin | 51.9% | 28.0% | 25.0% | 15.9% | 23.7% |
| EBITDA margin | - | 49.2% | 45.5% | 39.9% | 52.8% |
| Net margin | 8.0% | -96.1% | -93.5% | -24.0% | -23.0% |
| Free cash flow margin | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - |
| Effective tax rate | 40.5% | - | - | - | - |
| Return on assets | 2.8% | -38.4% | -37.1% | -7.4% | -7.3% |
| Return on equity | -141.2% | 555.8% | -572.4% | -34.6% | -24.2% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 2.08 | 1.33 | 0.80 | 0.99 | 2.09 |
| Quick ratio | 2.05 | 1.29 | 0.76 | 0.93 | 2.02 |
| Cash ratio | 0.69 | 0.83 | 0.24 | 0.41 | 1.34 |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | 2.3x | 0.2x | 0.2x | 0.4x | 1.8x |
| Equity multiplier | -50.00 | -14.46 | 15.44 | 4.65 | 3.34 |
| Liabilities / Assets | 1.02 | 1.07 | 0.94 | 0.79 | 0.72 |
| Efficiency | |||||
| Asset turnover | 0.35 | 0.40 | 0.40 | 0.31 | 0.32 |
| Inventory turnover | 16.76 | 28.96 | 29.15 | 15.59 | 17.03 |
| Days sales outstanding | 42d | 67d | 104d | 123d | 85d |
| Days inventory outstanding | 22d | 13d | 13d | 23d | 21d |
| Days payable outstanding | 144d | 173d | 164d | 211d | 178d |
| Cash conversion cycle | -80d | -94d | -47d | -64d | -72d |
| Valuation | |||||
| P / E | 17.8x | - | - | - | - |
| P / B | - | - | 4.4x | 1.5x | 3.1x |
| P / S | 1.6x | 0.6x | 0.7x | 1.0x | 3.0x |
| EV / EBITDA | - | 0.5x | 1.3x | 1.9x | 4.4x |
| Growth | |||||
| Revenue growth (YoY) | -7.6% | -19.5% | 8.4% | 39.8% | - |
| Revenue CAGR (3y) | -6.9% | 6.8% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | 6.8% | -12.9% | 17.1% | 42.4% | - |
| Operating income growth (YoY) | 71.4% | -9.7% | 69.9% | -5.9% | - |
| Net income growth (YoY) | - | 17.3% | -322.7% | -45.8% | - |
| EPS growth (YoY) | - | 17.4% | -326.6% | -27.5% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | 69.6% | - | -74.4% | 2.0% | - |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.16
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Radiotelephone Communications
Comparing IHS Holding Ltd against the 5 most active filers in the same SIC group.