IHS Holding Ltd
NYSE: IHS · REAL ESTATE · REAL ESTATE SERVICES
Updated 2026-06-05
IHS Holding Ltd (IHS) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.23B | $1.42B | $1.67B | $552.73M | $3.07B | $3.55B | $5.36B | $5.35B | $4.62B | $4.05B | $4.00B | $3.82B | $4.16B | $4.45B | $5.54B | $6.32B | $5.36B | $4.28B | $4.49B |
| Cash & equivalents | $148.48M | $31.04M | $124.20M | $200.74M | $234.69M | $345.01M | $258.37M | $153.16M | $619.33M | $476.08M | $646.20M | $633.45M | $898.80M | $585.42M | $916.49M | $514.08M | $293.82M | $577.96M | $825.70M |
| Current assets | $402.25M | $317.82M | $413.23M | $552.73M | $698.08M | $863.88M | $880.84M | $770.59M | $854.58M | $811.65M | $1.08B | $964.29M | $1.22B | $989.32M | $1.43B | $1.25B | $972.61M | $924.31M | $2.50B |
| Total liabilities | $1.32B | $1.44B | $1.68B | $33.53M | $1.69B | $1.96B | $3.45B | $3.19B | $2.13B | $2.56B | $2.52B | $2.49B | $2.73B | $3.22B | $3.80B | $4.96B | $5.02B | $4.57B | $4.58B |
| Current liabilities | $392.39M | $545.93M | $549.18M | $578.27M | $816.86M | $876.94M | $1.25B | $955.06M | $376.39M | $373.22M | $429.77M | $573.53M | $566.46M | $683.64M | $830.56M | $1.27B | $1.22B | $693.57M | $1.20B |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — | $1.95B | $2.02B | $2.40B | $2.91B | $3.06B | $3.22B | $2.84B |
| Shareholder equity | $840.91M | $801.05M | $1.01B | $519.20M | $1.38B | $1.58B | $1.91B | $2.16B | $2.27B | $1.42B | $1.47B | $1.33B | $1.43B | $1.21B | $1.52B | $1.13B | $109.85M | $-454.58M | $-251.30M |
| Retained earnings | $483.80M | $584.22M | $719.18M | $860.50M | $930.62M | $1.09B | $1.22B | $1.42B | $-705.24M | $-1.53B | $-1.96B | $-2.09B | $-2.51B | $-2.83B | $-2.86B | $-3.32B | $-5.29B | $-6.93B | $-6.80B |
| Accounts receivable | $175.54M | $207.81M | $203.50M | $256.55M | $326.01M | $372.12M | $459.26M | $421.37M | $88.99M | $182.76M | $134.96M | $187.68M | $262.94M | $309.06M | $431.07M | $664.64M | $580.60M | $300.31M | $170.90M |
| Inventory | — | — | — | — | — | — | — | — | $29.28M | $32.15M | $24.91M | $21.47M | $48.71M | $49.22M | $42.02M | $74.22M | $40.59M | $30.75M | $42.10M |
| Goodwill | $564.58M | $705.08M | $875.74M | $1.12B | $1.72B | $1.96B | $3.07B | $3.16B | $757.85M | $610.97M | $552.31M | $530.66M | $518.14M | $656.26M | $779.90M | $763.39M | $619.30M | $403.24M | $262.70M |
Frequently asked questions
What is IHS Holding Ltd's revenue?
IHS Holding Ltd's trailing twelve-month revenue is $1.61B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is IHS?
In its most recent fiscal year, IHS ran a gross margin of 54.63%, an operating margin of 16.82%, and a net margin of 9.08%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does IHS generate?
IHS produced $417.50M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is IHS's balance sheet healthy?
IHS holds $825.70M in cash and equivalents against $2.84B in long-term debt, on $-251.30M of shareholder equity. That debt is best read against the cash flow the business throws off each year.