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IHS · NYSE · United States · Radiotelephone Communications
In shortIHS Holding Ltd is profitable.
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 51.9% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 9.1% | 56/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | – | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 24.9% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.08× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.81× | 34/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.35× | 8/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.87 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 45.4% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 5.00× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 16.7% | 49/100 |
| Operating margin volatility | 14.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -6.9% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,580 | 1,961 | 1,925 | 1,527 | 1,582 |
| Cost of revenue | 907 | 1,157 | 1,037 | 734 | 705 |
| Gross profit | 672 | 804 | 889 | 794 | 877 |
| Operating income | 388 | 312 | 524 | 604 | 821 |
| Interest expense | 422 | 872 | 2,357 | 2,042 | 350 |
| Pre-tax income | (8.1) | (544) | (1,814) | (1,411) | 691 |
| Income tax | 18 | (75) | 103 | 69 | 86 |
| Net income | (26) | (459) | (1,977) | (1,632) | 144 |
| Diluted EPS | −$0.09 | −$1.39 | −$5.93 | −$4.90 | $0.42 |
| Diluted shares (millions) | 322 | 331 | 333 | 333 | 335 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
−1.87 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 16, 2026