What is IHS Holding Limited's earnings per share (EPS)?

IHS Holding Limited (IHS) reported diluted earnings per share of $1.77 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

IHS Holding Limited (IHS) Financials

IHS

FY2025 annual

Revenue $1.6B +3.6% YoY

Net Income $126.8M +107.7% YoY

EPS (Diluted) $1.77 YoY not available

Free Cash Flow $718.7M +45.4% YoY

Market Cap $2.9B as of Oct 17, 2026

Price / Sales 1.8x on $1.6B revenue, FY2025

Price / Earnings 22.5x on $126.8M net income, FY2025

Price / Book n/m negative shareholder equity, so no book multiple, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 16, 2026 Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Mar 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IHS SEC filings page.

IHS Holding Limited (IHS) reported $1.6B in revenue for fiscal year 2025, up 3.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI IHS FY2025 2026-10-04

IHS returned to profit and increased cash generation in FY2025, but accumulated losses still leave the balance sheet with negative equity.

FY2025 net income was $126.8M, far below operating cash flow of $936.2M and free cash flow of $718.7M. After two years of large accounting losses, this shows reported earnings and cash generation can diverge sharply rather than describing the business through profit alone.

Revenue was nearly flat between FY2024 and FY2025, yet the company moved from a net loss to net income. That turnaround reflects a change in profitability mechanics rather than sales growth; free-cash-flow margin also rose from 32.4% to 45.4%.

Negative equity of $89.8M in FY2025 follows positive equity of $328.7M in FY2023, indicating that accumulated losses have eroded book capital. This creates a split balance-sheet picture: the current ratio was 2.1x, while total liabilities still exceeded total assets.

Financial Health Signals

Financial health score not available

IHS Holding Limited does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

IHS Holding Limited passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

7.38x

For every $1 of reported earnings, IHS Holding Limited generates $7.38 in operating cash flow ($936.2M OCF vs $126.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$254.0M

YoY+0.1%

QoQ-44.2%

IHS Holding Limited generated $254.0M in revenue in Q4 2025. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is down 44.2%.

Net Income

-$83.6M

YoY-134.4%

QoQ-156.7%

IHS Holding Limited reported -$83.6M in net income in Q4 2025. This represents a decrease of 134.4% from the same quarter a year earlier. Against the prior quarter it is down 156.7%.

EBITDA

Not reported for Q4 2025.

EPS (Diluted)

Not reported for Q4 2025.

Cash & Balance Sheet

Free Cash Flow

$178.6M

YoY-36.9%

QoQ-5.6%

IHS Holding Limited generated $178.6M in free cash flow in Q4 2025, representing cash available after capex. This represents a decrease of 36.9% from the same quarter a year earlier. Against the prior quarter it is down 5.6%.

Cash & Debt

$825.7M

YoY+42.9%

QoQ+27.5%

5Y CAGR+5.4%

IHS Holding Limited held $825.7M in cash against $311.7M in long-term debt as of Q4 2025.

Shares Outstanding

336M

YoY+0.6%

QoQ0.0%

IHS Holding Limited had 336M shares outstanding in Q4 2025. This represents an increase of 0.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

Net Margin

-32.9%

YoY-128.7pp

QoQ-65.3pp

IHS Holding Limited's net profit margin was -32.9% in Q4 2025, showing the share of revenue converted to profit. This is down 128.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 65.3 percentage points.

Gross Margin

Not reported for Q4 2025.

Operating Margin

Not reported for Q4 2025.

Return on Equity

Not reported for Q4 2025.

Capital Allocation

Capital Expenditures

$68.3M

YoY+11.1%

QoQ+10.0%

IHS Holding Limited invested $68.3M in capex in Q4 2025, funding long-term assets and infrastructure. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.

R&D Spending

Not reported for Q4 2025.

Share Buybacks

Not reported for Q4 2025.

IHS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IHS quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Revenue	$1.6B+3.6%	$1.5B-20.7%	$1.9B-1.8%	$2.0B+24.2%	$1.6B+12.6%	$1.4B+14.0%	$1.2B
Interest Expense	$253.2M-19.1%	$312.9M+2.8%	$304.5M+18.8%	$256.2M+42.9%	$179.3M-1.6%	$182.2M-6.0%	$193.8M
Income Tax	$86.4M+24.7%	$69.3M-32.6%	$102.8M+237.0%	-$75.0M-517.2%	$18.0M-89.4%	$169.8M+1156.3%	$13.5M
Net Income	$126.8M+107.7%	-$1.6B+17.3%	-$2.0B-324.0%	-$469.0M-1695.4%	-$26.1M+91.9%	-$322.7M+23.8%	-$423.5M
EPS (Basic)	$1.80+140.4%	-$4.45+22.6%	-$5.75	N/A	N/A	N/A	N/A
EPS (Diluted)	$1.77	-$4.45+22.6%	-$5.75	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	333M0.0%	333M+0.7%	331M+2.9%	322M+1.3%	317M+0.3%	316M

Metric	Q4'2520-F	Q3'256-K	Q2'256-K	Q1'2510-Q	Q4'2420-F	Q3'246-K	Q2'246-K	Q1'2410-Q
Revenue	$254.0M+0.1%	$455.1M+8.3%	$433.3M-0.5%	$439.6M+5.2%	$253.8M-18.0%	$420.3M-10.0%	$435.4M-20.3%	$417.7M-30.7%
Interest Expense	$33.3M-39.9%	$67.2M-21.4%	$72.2M-8.3%	$80.5M-13.7%	$55.4M+62.9%	$85.5M-10.5%	$78.7M-12.9%	$93.3M+10.3%
Income Tax	-$28.5M-199.7%	$41.0M+540.6%	$35.4M-2.5%	$38.5M+2025.0%	$28.6M+109.0%	$6.4M-61.6%	$36.3M-36.6%	-$2.0M-113.1%
Net Income	-$83.6M-134.4%	$147.4M+171.7%	$32.3M+126.0%	$30.7M+102.0%	$243.1M+153.2%	-$205.7M+23.5%	-$124.3M+90.2%	-$1.6B-20129.6%
Diluted Shares (Avg)	N/A	336M+0.7%	336M+0.7%	334M+0.3%	N/A	333M-0.8%	333M-0.8%	333M-0.7%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted).

IHS Balance Sheet

IHS quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Total Assets	$4.5B+5.7%	$4.2B-20.4%	$5.3B-15.6%	$6.3B+14.0%	$5.5B+24.6%	$4.4B	N/A
Current Assets	$2.5B+170.8%	$924.3M-5.0%	$972.6M-22.4%	$1.3B-12.4%	$1.4B+44.6%	$989.3M	N/A
Cash & Equivalents	$825.7M+42.9%	$578.0M+96.7%	$293.8M-42.8%	$514.1M-43.9%	$916.5M+56.6%	$585.4M-34.9%	$898.8M
Inventory	$42.1M+37.6%	$30.6M-24.6%	$40.6M-45.3%	$74.2M+76.6%	$42.0M-14.6%	$49.2M	N/A
Accounts Receivable	$181.4M-42.1%	$313.4M-48.4%	$607.8M-8.4%	$663.5M+40.6%	$471.8M+44.2%	$327.2M	N/A
Goodwill	$262.7M-34.8%	$403.2M-34.9%	$619.3M-18.9%	$763.4M-2.1%	$779.9M+18.8%	$656.3M+26.7%	$518.1M
Total Liabilities	$4.6B+0.4%	$4.6B-8.9%	$5.0B+0.9%	$5.0B+30.6%	$3.8B+17.8%	$3.2B	N/A
Current Liabilities	$1.2B+85.6%	$648.2M-45.4%	$1.2B-6.2%	$1.3B+52.5%	$830.6M+21.5%	$683.6M	N/A
Non-Current Liabilities	$3.4B-13.7%	$3.9B+2.5%	$3.8B+3.3%	$3.7B+24.5%	$3.0B+16.9%	$2.5B	N/A
Long-Term Debt	$311.7M-33.8%	$470.5M-7.9%	$510.8M-1.4%	$518.3M+59.2%	$325.5M+13.6%	$286.5M-86.1%	$2.1B
Total Equity	-$89.8M+71.4%	-$314.4M-195.6%	$328.7M-75.5%	$1.3B-23.1%	$1.7B+42.4%	$1.2B-14.4%	$1.4B
Retained Earnings	-$6.8B+2.1%	-$6.9B-31.2%	-$5.3B-59.6%	-$3.3B-16.0%	-$2.9B-0.9%	-$2.8B	N/A

Metric	Q4'2520-F	Q3'256-K	Q2'256-K	Q1'2510-Q	Q4'2420-F	Q3'246-K	Q2'246-K	Q1'2410-Q
Total Assets	$4.5B+5.7%	$4.7B+2.5%	$4.5B-1.1%	$4.4B-4.1%	$4.2B-20.4%	$4.6B-17.5%	$4.5B-20.1%	$4.6B-29.1%
Current Assets	$2.5B+170.8%	$1.1B+25.4%	$984.5M+11.6%	$961.2M+30.6%	$924.3M-5.0%	$852.7M-25.1%	$882.3M-18.2%	$736.1M-45.9%
Cash & Equivalents	$825.7M+42.9%	$647.6M+62.9%	$531.8M+19.3%	$629.0M+88.8%	$578.0M+96.7%	$397.5M-6.6%	$445.7M+2.9%	$333.2M-35.4%
Inventory	$42.1M+37.6%	$40.8M+28.0%	$39.0M+16.2%	$44.3M+11.1%	$30.6M-24.6%	$31.9M-47.2%	$33.6M+2.9%	$39.9M-39.7%
Accounts Receivable	$181.4M-42.1%	$272.7M-35.3%	$310.5M-22.3%	$285.4M-18.8%	$313.4M-48.4%	$421.2M-33.1%	$399.6M-34.5%	$351.7M-54.7%
Goodwill	$262.7M-34.8%	$441.3M-0.2%	$430.7M-2.7%	$417.8M-10.7%	$403.2M-34.9%	$442.0M-30.8%	$442.5M-33.4%	$468.0M-38.3%
Total Liabilities	$4.6B+0.4%	$4.6B-4.0%	$4.6B-5.0%	$4.6B-3.5%	$4.6B-8.9%	$4.8B-4.3%	$4.8B-2.1%	$4.8B-6.1%
Current Liabilities	$1.2B+85.6%	$667.1M-9.9%	$641.2M-9.4%	$755.5M-3.5%	$648.2M-45.4%	$740.4M-39.9%	$707.9M-38.8%	$783.2M-34.8%
Non-Current Liabilities	$3.4B-13.7%	$4.0B-2.9%	$3.9B-4.2%	$3.8B-3.5%	$3.9B+2.5%	$4.1B+7.2%	$4.1B+9.1%	$4.0B+2.7%
Long-Term Debt	$311.7M-33.8%	$525.4M+2.3%	$502.3M+1.9%	$490.8M-0.3%	$470.5M-7.9%	$513.5M+1.3%	$492.7M-2.3%	$492.5M-4.1%
Total Equity	-$89.8M+71.4%	$38.1M+113.4%	-$98.4M+68.1%	-$184.4M-13.0%	-$314.4M-195.6%	-$284.7M-161.3%	-$308.3M-142.0%	-$163.2M-111.5%
Retained Earnings	-$6.8B+2.1%	-$6.7B+6.2%	-$6.9B+1.3%	-$6.9B-0.7%	-$6.9B-31.2%	-$7.2B-49.0%	-$7.0B-53.1%	-$6.8B-106.9%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

IHS Cash Flow Statement

IHS quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Operating Cash Flow	$936.2M+28.4%	$729.4M-14.5%	$853.5M-5.9%	$907.3M+20.9%	$750.2M+18.1%	$635.3M-1.0%	$641.9M
Depreciation & Amortization	N/A	N/A	N/A	N/A	$344.7M-7.6%	$373.2M+4.9%	$355.8M
Capital Expenditures	$217.5M-7.5%	$235.2M-49.4%	$464.9M+22.8%	$378.5M+58.9%	$238.1M+151.2%	$94.8M	N/A
Free Cash Flow	$718.7M+45.4%	$494.2M+27.2%	$388.6M-26.5%	$528.8M+3.3%	$512.0M-5.3%	$540.5M	N/A
Investing Cash Flow	-$22.3M-135.3%	$63.2M+108.8%	-$722.2M+52.4%	-$1.5B-72.8%	-$877.9M-15.7%	-$758.5M-221.7%	-$235.8M
Financing Cash Flow	-$644.1M-49.4%	-$431.0M-165.6%	-$162.3M-140.8%	$398.2M-24.0%	$524.3M+509.1%	-$128.1M+7.4%	-$138.3M

Metric	Q4'2520-F	Q3'256-K	Q2'256-K	Q1'2510-Q	Q4'2420-F	Q3'246-K	Q2'246-K	Q1'2410-Q
Operating Cash Flow	$246.9M-28.3%	$251.3M+44.0%	$237.7M+76.5%	$200.3M+164.2%	$344.4M+115.9%	$174.5M-20.8%	$134.7M-43.5%	$75.8M-67.8%
Capital Expenditures	$68.3M+11.1%	$62.1M+19.0%	$40.0M-33.9%	$47.1M-22.8%	$61.5M-24.5%	$52.2M-56.5%	$60.5M-61.7%	$61.0M-42.1%
Free Cash Flow	$178.6M-36.9%	$189.2M+54.7%	$197.7M+166.4%	$153.2M+935.1%	$282.9M+262.4%	$122.3M+21.9%	$74.2M-7.8%	$14.8M-88.6%
Investing Cash Flow	$107.5M+93.0%	-$43.3M+2.7%	-$47.3M+19.0%	-$39.2M-135.5%	$55.7M+159.6%	-$44.5M+75.8%	-$58.4M+77.3%	$110.5M+158.7%
Financing Cash Flow	-$151.8M+24.4%	-$93.0M+48.0%	-$291.3M-1018.9%	-$108.1M-29.8%	-$200.7M-33.4%	-$178.7M-513.8%	$31.7M+52.8%	-$83.3M-2322.2%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.

IHS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IHS quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K
Net Margin	8.0%	-107.7%	-103.3%	-23.9%-22.3pp	-1.7%+21.4pp	-23.0%+11.4pp	-34.4%
Return on Equity	N/A	N/A	-604.9%-569.9pp	-35.0%-33.5pp	-1.5%+24.9pp	-26.4%+3.2pp	-29.6%
Return on Assets	2.8%+41.5pp	-38.7%-1.5pp	-37.3%-29.8pp	-7.4%-7.0pp	-0.5%+6.8pp	-7.3%	N/A
Current Ratio	2.08+0.7x	1.43+0.6x	0.82-0.2x	0.99-0.7x	1.72+0.3x	1.45	N/A
Debt-to-Equity	N/A	N/A	1.55+1.2x	0.39+0.2x	0.190.0x	0.23-1.2x	1.44
Asset Turnover	0.350.0x	0.360.0x	0.36+0.1x	0.310.0x	0.280.0x	0.32	N/A
FCF Margin	45.4%+13.1pp	32.4%+12.2pp	20.2%-6.8pp	27.0%-5.4pp	32.4%-6.1pp	38.5%	N/A

Metric	Q4'2520-F	Q3'256-K	Q2'256-K	Q1'2510-Q	Q4'2420-F	Q3'246-K	Q2'246-K	Q1'2410-Q
Net Margin	-32.9%-128.7pp	32.4%+81.3pp	7.4%+36.0pp	7.0%	95.8%	-48.9%+8.6pp	-28.5%	-372.8%
Return on Equity	N/A	386.9%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.9%-7.6pp	3.1%+7.6pp	0.7%+3.5pp	0.7%+34.5pp	5.7%+14.3pp	-4.5%+0.4pp	-2.7%+19.6pp	-33.8%-33.9pp
Current Ratio	2.08+0.7x	1.60+0.5x	1.54+0.3x	1.27+0.3x	1.43+0.6x	1.15+0.2x	1.25+0.3x	0.94-0.2x
Debt-to-Equity	N/A	13.79	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.060.0x	0.100.0x	0.100.0x	0.100.0x	0.060.0x	0.090.0x	0.100.0x	0.090.0x
FCF Margin	70.3%	41.6%+12.5pp	45.6%+28.6pp	34.8%+31.3pp	111.5%	29.1%+7.6pp	17.0%+2.3pp	3.5%-18.0pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$89.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
IHS Holding Limited IHS	FY2025	$1.6B	$126.8M	8.0%	$2.9B	—
Cushman & Wakefield Ltd. CWK	FY2025	$10.3B	$88.2M	0.9%	$2.7B	43/100
Newmark Group, Inc. NMRK	FY2025	$3.3B	$126.2M	3.8%	$2.1B	54/100
Compass, Inc. COMP	FY2025	$7.0B	-$58.5M	-0.8%	$7.0B	25/100
FirstService Corporation FSV	FY2025	$5.5B	$190.7M	3.5%	$5.9B	67/100
Colliers International Group Inc. CIGI	FY2025	$5.6B	$224.6M	4.0%	$4.6B	68/100

Where IHS Holding Limited Ranks

Frequently Asked Questions

What is IHS Holding Limited's annual revenue?

IHS Holding Limited (IHS) reported $1.6B in total revenue for fiscal year 2025. This represents a 3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is IHS Holding Limited's revenue growing?

IHS Holding Limited (IHS) revenue grew by 3.6% year-over-year, from $1.5B to $1.6B in fiscal year 2025.

Is IHS Holding Limited profitable?

Yes, IHS Holding Limited (IHS) reported a net income of $126.8M in fiscal year 2025, with a net profit margin of 8.0%.

How much debt does IHS Holding Limited have?

As of fiscal year 2025, IHS Holding Limited (IHS) had $825.7M in cash and equivalents against $311.7M in long-term debt.

What is IHS Holding Limited's net profit margin?

IHS Holding Limited (IHS) had a net profit margin of 8.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is IHS Holding Limited's free cash flow?

IHS Holding Limited (IHS) generated $718.7M in free cash flow during fiscal year 2025. This represents a 45.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is IHS Holding Limited's operating cash flow?

IHS Holding Limited (IHS) generated $936.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are IHS Holding Limited's total assets?

IHS Holding Limited (IHS) had $4.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are IHS Holding Limited's capital expenditures?

IHS Holding Limited (IHS) invested $217.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does IHS Holding Limited have outstanding?

IHS Holding Limited (IHS) had 336M shares outstanding as of fiscal year 2025.

What is IHS Holding Limited's current ratio?

IHS Holding Limited (IHS) had a current ratio of 2.08 as of fiscal year 2025, which is generally considered healthy.

What is IHS Holding Limited's return on assets (ROA)?

IHS Holding Limited (IHS) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is IHS Holding Limited's P/E ratio?

IHS Holding Limited (IHS) trades at 22.5x earnings, its market capitalization divided by net income of $126.8M net income, FY2025. The market capitalization is $2.9B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is IHS Holding Limited's price-to-sales ratio?

IHS Holding Limited (IHS) trades at 1.8x sales, its market capitalization divided by revenue of $1.6B revenue, FY2025. The market capitalization is $2.9B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is IHS Holding Limited's debt-to-equity ratio negative or not reported?

IHS Holding Limited (IHS) has negative shareholder equity of -$89.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is IHS Holding Limited's Piotroski F-Score?

IHS Holding Limited (IHS) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are IHS Holding Limited's earnings high quality?

IHS Holding Limited (IHS) has an earnings quality ratio of 7.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.