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IH

IHS Holding Limited

IHSReal EstateNASDAQ

Real Estate Services

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Financials · Annual
Revenue
$1.58B
+3.6% YoY
Net Income
$143.6M
+108.8% YoY
EBITDA
$1.39B
+306.0% YoY
Free Cash Flow
-$742.7M

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About IHS Holding Limited

Part of the real estate sector, IHS Holding Limited (IHS) is listed under Real Estate Services. The company carries a $2.80B market cap, placing it firmly in the mid-cap category. The company offers colocation and lease amendment services, which allows customers to lease space on existing towers alongside current tenants, install additional equipment on a tower, and request for ancillary services; build-to-suit sites; in-building solutions and distributed antenna systems, which allows customers to lease space in secure locations within large building complexes, such as shopping malls, stadiums, and airports; non-intrusive small cell installation services on commercial premises, lampposts, and poles; fiber-to-the-tower connectivity services; rural telephony services; and managed services, including maintenance, security, and power supply services.

Key stats
Market Cap$2.80B
P/E (TTM)4.55
Fwd P/E41.65
EPS$1.83
Beta0.74
52W Change+50.1%
Analysis

The company holds $940.5M in cash, though total debt stands at $3.50B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$742.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. An ROA of 8.4% suggests reasonable efficiency in deploying the company's asset base. Revenue has pulled back from $1.96B (2022) to $1.58B (2025), a 19% decline worth watching.

The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing IHS.

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