Last 36 quarters of trend data · Real Estate · Digital Infrastructure REITs
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.39 | — | 9.35 | — | 3.88 | 13.90 | 13.05 | 1.00 | — | — | — | — | — | — | 95.63 | — | — | — | 50.73 | — | — |
| — | — | -28.3% | — | — | — | — | — | — | — | — | — | — | — | +88.5% | — | — | — | — | — | — | |
| P/S Ratio | 1.83 | 1.65 | 1.70 | 2.46 | 1.28 | 1.14 | 0.98 | 0.56 | 0.60 | 0.61 | 0.70 | 0.75 | 0.99 | 1.50 | 1.22 | 0.97 | 0.90 | 1.87 | 2.08 | 2.70 | — |
| — | +45.6% | +73.0% | +337.5% | +115.8% | +85.6% | +39.8% | -24.9% | -40.0% | -59.1% | -42.3% | -22.7% | +10.7% | -20.0% | -41.5% | -64.0% | — | — | — | — | — | |
| P/B Ratio | — | — | — | — | 61.36 | — | — | — | — | — | — | 4.40 | 3.82 | 4.35 | 2.08 | 1.50 | 1.25 | 2.20 | 1.97 | 2.57 | — |
| — | — | — | — | — | — | — | — | — | — | — | +193.4% | +205.9% | +97.8% | +5.5% | -41.6% | — | — | — | — | — | |
| P/FCF | 3.93 | 2.38 | 4.43 | 7.16 | 3.30 | 2.57 | 3.01 | 0.92 | 2.22 | 3.72 | 1.58 | 7.25 | 5.93 | 21.97 | 8.47 | 3.19 | 4.17 | — | — | — | — |
| — | -7.6% | +47.4% | +677.8% | +48.7% | -30.9% | +90.8% | -87.3% | -62.6% | -83.1% | -81.4% | +127.6% | +42.3% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 6.74 | 9.44 | 7.61 | 5.22 | 5.48 | 5.60 | 5.01 | 3.49 | 5.46 | 5.08 | 7.27 | 5.21 | 11.50 | 6.53 | 5.16 | 13.39 | 5.08 | 7.89 | 7.24 | 9.19 | — |
| — | +68.7% | +51.9% | +49.8% | +0.4% | +10.2% | -31.1% | -33.1% | -52.5% | -22.2% | +40.9% | -61.1% | +126.6% | -17.3% | -28.8% | +45.8% | — | — | — | — | — | |
| EV / EBIT | 20.74 | 12.17 | 6.79 | 3.29 | 7.41 | 7.89 | 6.89 | — | 7.82 | 64.98 | — | — | 11.87 | — | 12.98 | — | — | — | 16.11 | — | — |
| — | +54.3% | -1.5% | — | -5.3% | -87.9% | — | — | -34.1% | — | — | — | — | — | -19.4% | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.6% | 48.3% | 55.7% | 62.0% | 47.5% | 51.3% | 51.4% | 48.0% | 52.0% | 52.5% | 38.4% | 54.2% | 45.9% | 45.6% | 49.1% | 36.2% | 42.9% | 42.1% | 43.8% | 43.6% | 31.8% |
| — | -5.8% | +8.4% | +29.3% | -8.7% | -2.3% | +33.8% | -11.5% | +13.4% | +15.2% | -21.8% | +49.6% | +6.9% | +8.2% | +12.0% | -17.0% | +34.8% | -11.4% | -8.1% | -10.8% | -5.7% | |
| Operating Margin | 16.8% | 19.3% | 28.9% | 61.4% | 35.1% | 33.8% | 37.1% | 48.5% | 29.9% | 34.0% | 19.3% | 31.7% | 2.9% | 27.0% | 32.4% | -4.6% | 25.7% | 20.6% | 24.3% | 18.9% | 13.9% |
| — | -42.8% | -22.2% | +26.6% | +17.4% | -0.7% | +91.9% | +53.1% | +925.7% | +26.0% | -40.4% | +789.6% | -88.6% | +30.9% | +33.0% | -124.3% | +84.4% | -43.1% | -18.6% | -39.0% | -2.9% | |
| Net Margin | 9.1% | -2.1% | 18.2% | -29.9% | 33.2% | 8.2% | 7.5% | 56.3% | -48.6% | -27.8% | -371.8% | -94.0% | -57.1% | -231.9% | 1.8% | -48.4% | -5.9% | -37.8% | 3.7% | -17.6% | -7.6% |
| — | -125.1% | +142.3% | -153.1% | +168.3% | +129.4% | +102.0% | +159.9% | +15.0% | +88.0% | -21274.0% | -94.1% | -870.1% | -513.6% | -52.6% | -175.1% | +22.5% | -243.3% | +146.6% | -229.2% | +91.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | 396.3% | — | — | — | — | — | -1686.3% | -115.1% | -43.2% | -117.1% | 0.8% | -17.8% | -2.0% | -10.2% | 0.9% | -4.9% | -2.4% |
| — | — | — | — | — | — | — | — | — | — | -221133.5% | -545.4% | -2070.7% | -1051.8% | -16.1% | -264.0% | +16.3% | -219.5% | +137.9% | -230.9% | +85.8% | |
| ROA | 3.3% | -0.2% | 1.7% | -1.7% | 3.3% | 0.8% | 0.8% | 5.6% | -4.5% | -2.6% | -31.2% | -8.8% | -4.8% | -20.8% | 0.2% | -4.1% | -0.5% | -2.9% | 0.3% | -1.4% | -0.7% |
| — | -124.5% | +117.5% | -129.7% | +173.5% | +130.0% | +102.4% | +163.4% | +5.7% | +87.3% | -18971.8% | -116.6% | -878.9% | -623.8% | -42.9% | -180.5% | +26.2% | -222.4% | +144.3% | -221.0% | +89.3% | |
| ROIC | 7.1% | 2.6% | 3.5% | 4.0% | 3.7% | 3.5% | 4.0% | 4.9% | 2.7% | 3.2% | 1.6% | 2.9% | 0.2% | 2.4% | 3.0% | -0.4% | 2.1% | 1.6% | 2.0% | 1.7% | 1.3% |
| — | -24.8% | -11.6% | -18.8% | +35.2% | +8.6% | +152.7% | +69.1% | +1046.1% | +34.2% | -47.8% | +861.1% | -88.7% | +50.8% | +52.0% | -122.8% | +67.9% | -53.3% | -23.8% | -42.3% | +16.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 102.24 | — | — | — | — | — | — | 11.84 | 8.53 | 5.41 | 2.87 | 2.90 | 2.52 | 2.35 | 1.62 | 1.71 | 2.03 |
| — | — | — | — | — | — | — | — | — | — | — | +307.7% | +238.9% | +129.8% | +77.1% | +69.6% | +23.8% | +19.5% | -23.4% | -16.8% | +51.2% | |
| Debt / EBITDA | 5.42 | 25.11 | 19.79 | 14.13 | 15.29 | 16.29 | 15.68 | 12.62 | 19.07 | 17.68 | 24.07 | 16.03 | 34.21 | 15.37 | 12.92 | 38.62 | 14.98 | 17.70 | 14.14 | 16.74 | 16.27 |
| — | +54.1% | +26.2% | +11.9% | -19.8% | -7.9% | -34.9% | -21.2% | -44.3% | +15.1% | +86.3% | -58.5% | +128.4% | -13.2% | -8.6% | +130.7% | -8.0% | +63.6% | +12.6% | -1.6% | +8.0% | |
| Current Ratio | 2.08 | 1.93 | 2.01 | 2.08 | 1.60 | 1.54 | 1.27 | 1.33 | 1.15 | 1.25 | 0.94 | 0.80 | 0.92 | 0.93 | 1.13 | 0.99 | 0.89 | 0.99 | 1.25 | 1.72 | 1.17 |
| — | +25.4% | +57.6% | +56.1% | +39.2% | +23.2% | +35.4% | +67.4% | +24.6% | +33.6% | -17.0% | -19.6% | +3.8% | -5.7% | -9.3% | -42.6% | -23.7% | -15.8% | -3.0% | +19.0% | -53.5% | |
| Quick Ratio | 2.05 | 1.89 | 1.97 | 2.05 | 1.54 | 1.47 | 1.21 | 1.29 | 1.11 | 1.20 | 0.89 | 0.76 | 0.88 | 0.90 | 1.08 | 0.93 | 0.84 | 0.94 | 1.21 | 1.67 | 1.12 |
| — | +28.0% | +62.7% | +58.7% | +39.1% | +23.0% | +36.5% | +68.9% | +26.7% | +32.6% | -17.5% | -18.1% | +4.0% | -4.1% | -10.7% | -44.3% | -24.5% | -16.3% | -1.4% | +21.6% | -54.5% | |
| Interest Coverage | 3.18 | 1.31 | 2.44 | 13.74 | 2.17 | 1.46 | 1.61 | -12.24 | 0.43 | 0.18 | -13.30 | -3.25 | 0.43 | -9.67 | 1.25 | -2.33 | -0.03 | -1.20 | 1.50 | -0.88 | 0.97 |
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Includes 30+ ratios · 36 years · Updated daily
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Quick answers to the most common questions about buying IHS stock.
IHS Holding Limited's current P/E is 20.4x. The average P/E over the last 2 quarters is 6.6x. 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.