Last 36 quarters of trend data · Communication Services · Telecommunications Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
IHS Holding Limited's quarterly P/E stands at 9.4x, down 28.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 51.9% YoY to 7.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.38 | 9.35 | — | 3.88 | 13.90 | 13.05 | 1.00 | — | — | — | — | — | — |
| — | -28.3% | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.73 | 1.70 | 2.46 | 1.28 | 1.14 | 0.98 | 0.56 | 0.60 | 0.61 | 0.70 | 0.75 | 0.99 | 1.50 |
| — | +73.0% | +337.5% | +115.8% | +85.6% | +39.8% | -24.9% | -40.0% | -59.1% | -42.3% | -22.7% | +10.7% | -20.0% | |
| P/B Ratio | — | — | — | 61.36 | — | — | — | — | — | — | 4.40 | 3.82 | 4.35 |
| — | — | — | — | — | — | — | — | — | — | +193.4% | +205.9% | +97.8% | |
| P/FCF | 6.54 | 4.43 | 7.16 | 3.30 | 2.57 | 3.01 | 0.92 | 2.22 | 3.72 | 1.58 | 7.25 | 5.93 | 21.97 |
| — | +47.4% | +677.8% | +48.7% | -30.9% | +90.8% | -87.3% | -62.6% | -83.1% | -81.4% | +127.6% | +42.3% | — | |
| EV / EBITDA | 8.36 | 7.61 | 5.22 | 5.48 | 5.60 | 5.01 | 3.87 | 5.46 | 5.08 | 7.17 | 5.21 | 11.50 | 6.53 |
| — | +51.9% | +34.8% | +0.4% | +10.2% | -30.1% | -25.7% | -52.5% | -22.2% | +39.0% | -61.1% | +126.6% | -17.3% | |
| EV / EBIT | 20.35 | 11.23 | 8.32 | 7.41 | 7.89 | 6.89 | — | 7.82 | 64.98 | — | — | 11.87 | — |
| — | +63.0% | — | -5.3% | -87.9% | — | — | -34.1% | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
IHS Holding Limited's operating margin was 28.9% in Q1 2026, down 32.5 pp QoQ and down 8.2 pp YoY. The trailing four-quarter average of 39.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 8.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.6% | 55.7% | 62.0% | 47.5% | 51.3% | 51.4% | 48.0% | 52.0% | 52.5% | 38.4% | 54.2% | 45.9% | 45.6% |
| — | +8.4% | +29.3% | -8.7% | -2.3% | +33.8% | -11.5% | +13.4% | +15.2% | -21.8% | +49.6% | +6.9% | +8.2% | |
| Operating Margin | 16.8% | 28.9% | 61.4% | 35.1% | 33.8% | 37.1% | 48.5% | 29.9% | 34.0% | 19.3% | 31.7% | 2.9% | 27.0% |
| — | -22.2% | +26.6% | +17.4% | -0.7% | +91.9% | +53.1% | +925.7% | +26.0% | -40.4% | +789.6% | -88.6% | +30.9% | |
| Net Margin | 9.1% | 18.2% | -29.9% | 33.2% | 8.2% | 7.5% | 56.3% | -48.6% | -27.8% | -371.8% | -94.0% | -57.1% | -231.9% |
| — | +142.3% | -153.1% | +168.3% | +129.4% | +102.0% | +159.9% | +15.0% | +88.0% | -21274.0% | -94.1% | -870.1% | -513.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | 396.3% | — | — | — | — | — | -1686.3% | -115.1% | -43.2% | -117.1% |
| — | — | — | — | — | — | — | — | — | -221133.5% | -545.4% | -2070.7% | -1051.8% | |
| ROA | 3.3% | 1.7% | -1.7% | 3.3% | 0.8% | 0.8% | 5.6% | -4.5% | -2.6% | -31.2% | -8.8% | -4.8% | -20.8% |
| — | +117.5% | -129.7% | +173.5% | +130.0% | +102.4% | +163.4% | +5.7% | +87.3% | -18971.8% | -116.6% | -878.9% | -623.8% | |
| ROIC | 7.1% | 3.5% | 4.0% | 3.7% | 3.5% | 4.0% | 4.9% | 2.7% | 3.2% | 1.6% | 2.9% | 0.2% | 2.4% |
| — | -11.6% | -18.8% | +35.2% | +8.6% | +152.7% | +69.1% | +1046.1% | +34.2% | -47.8% | +861.1% | -88.7% | +50.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
IHS Holding Limited's Debt/EBITDA ratio is 19.8x, up from 14.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 57.6% YoY to 2.01x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 102.24 | — | — | — | — | — | — | 11.84 | 8.53 | 5.41 |
| — | — | — | — | — | — | — | — | — | — | +307.7% | +238.9% | +129.8% | |
| Debt / EBITDA | 5.42 | 19.79 | 14.13 | 15.29 | 16.29 | 15.68 | 14.03 | 19.07 | 17.68 | 23.74 | 16.03 | 34.21 | 15.37 |
| — | +26.2% | +0.8% | -19.8% | -7.9% | -34.0% | -12.5% | -44.3% | +15.1% | +83.8% | -58.5% | +128.4% | -13.2% | |
| Current Ratio | 2.08 | 2.01 | 2.08 | 1.60 | 1.54 | 1.27 | 1.33 | 1.15 | 1.25 | 0.94 | 0.80 | 0.92 | 0.93 |
| — | +57.6% | +56.1% | +39.2% | +23.2% | +35.4% | +67.4% | +24.6% | +33.6% | -17.0% | -19.6% | +3.8% | -5.7% | |
| Quick Ratio | 2.05 | 1.97 | 2.05 | 1.54 | 1.47 | 1.21 | 1.29 | 1.11 | 1.20 | 0.89 | 0.76 | 0.88 | 0.90 |
| — | +62.7% | +58.7% | +39.1% | +23.0% | +36.5% | +68.9% | +26.7% | +32.6% | -17.5% | -18.1% | +4.0% | -4.1% | |
| Interest Coverage | 0.84 | 1.48 | 5.43 | 2.17 | 1.46 | 1.61 | -12.24 | 0.43 | 0.18 | -13.30 | -3.25 | 0.43 | -9.67 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 36 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying IHS stock.
IHS Holding Limited's current P/E is 19.4x. The average P/E over the last 3 quarters is 9.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
IHS Holding Limited's current operating margin is 16.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking IHS Holding Limited's business trajectory between earnings reports.