IHS Holding Limited

IHSNYSECommunication Services● Active

$8.31

+$0.01(+0.06%)

Market Cap$2.8B

P/E Ratio—

52W High$8.95

52W Low$5.4

Avg Volume1.3M

Open$8.32

Beta0.74

Overview

IHS Holding Limited (IHS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

IHS · free cash flow · updated Jun 8, 2026

Core FCF metrics

IHS · FCF · TTM · margin & CAGR

Free cash flow was $417.5M for FY2025 (fiscal year ending 2025-12-31), down 9.3% year-over-year The FCF margin was 26.4%. Five-year CAGR stands at +0.6%.

FY2025 Free Cash Flow$417.5M▼ -9.3% YoY

Trailing 12M (TTM)$615.0Mtrailing 4 quarters sum

FCF Margin26.4%$417.5M ÷ revenue

3-Year CAGR+6.3%FY2022 → FY2025

5-Year CAGR+0.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

IHS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$669.5M(252M)$417.5M▼ 9.3%26.4%

FY2024$729.3M(269M)$460.3M▲ +80.7%26.9%

FY2023$853.5M(599M)$254.7M▼ 26.8%12.0%

FY2022$907.3M(559M)$347.9M▲ +0.1%17.7%

FY2021$750.2M(402M)$347.7M▼ 14.4%22.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

IHS · P/FCF · FCF yield · FCF per share

IHS Holding Limited (IHS) trades at a FCF yield of 22.07% and a price-to-free-cash-flow ratio of 4.5x. FCF per share stands at $1.84, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

22.07%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.84

TTM FCF ÷ Shares Outstanding

Price / FCF

x4.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

IHS · cash flow statement · operating / investing / financing

For FY2025, IHS Holding Limited generated $669.5M in operating cash flow and spent 252M in capital expenditures, yielding $417.5M in free cash flow.

Operating Activities

+$669.5M

Cash from core business operations

2025-12-31

Investing Activities

−$64.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$335.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($669.5M) − |CapEx| (252M) = FCF ($417.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

IHS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

IHS Holding LimitedYOU

IHS

$417.5M-9.3%26.4%

About Free Cash Flow & Methodology

IHS Holding Limited (IHS) reported free cash flow of $417.5M for FY2025 (fiscal year ending 2025-12-31), down 9.3% year-over-year. The FCF margin was 26.4%.

Based on available data, IHS Holding Limited has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $513.6M in FY2014. The 5-year CAGR stands at +0.6%.

IHS Holding Limited's FCF yield is 22.07% and price-to-FCF ratio is 4.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

IHS free cash flow · 8 questions

IHS Holding Limited free cash flow was $417.5M for FY2025, down 9.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $615.0M.

IHS free cash flowIHS FCFIHS FCF 2025IHS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · IHS Holding Limited · IHS Holding Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026