IHS Holding (IHS) Change in Working Capital (2020 - 2026)
IHS Holding's Change in Working Capital was $24.9 million in Q2 2026, compared with -$9.9 million a year earlier and up 74.1% from the prior quarter.
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Analysis
IHS Holding (IHS) Change in Working Capital (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, IHS Holding's Change in Working Capital was $2.3 million through Jun 30, 2026; for FY2025, it was -$13.2 million.
- In earlier years, Change in Working Capital was $158.7 million in FY2024 (-29.5%), $225 million in FY2023 (+386.6%), $46.24 million in FY2022 and -$69.83 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Change in Working Capital since Q1 2025.
- Compared with a year earlier, Change in Working Capital was higher in 1 of the last four quarters, with growth averaging 96.8%.
- The best year-over-year quarter for Change in Working Capital over five years was Q3 2024 (growth of 608.1%); the worst was Q3 2025 (a decline of 98.1%).
- Per Business Quant data, IHS's Change in Working Capital in the three quarters before Q2 2026 was $14.3 million (Q1 2026), -$38 million (Q4 2025) and $1.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | - |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | - |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | - |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | - |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | - |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | - |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | - |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 24.90 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.90 Mn |
| Mar 31, 2026 | 14.30 Mn |
| Dec 31, 2025 | -38.00 Mn |
| Sep 30, 2025 | 1.10 Mn |
| Jun 30, 2025 | -9.90 Mn |
| Mar 31, 2025 | 33.60 Mn |
| Dec 31, 2024 | -92.10 Mn |
| Sep 30, 2024 | 58.90 Mn |
| Jun 30, 2024 | 95.20 Mn |
| Mar 31, 2024 | 96.60 Mn |
| Dec 31, 2023 | 104.00 Mn |
| Sep 30, 2023 | 8.32 Mn |
| Jun 30, 2023 | 26.32 Mn |
| Mar 31, 2023 | 86.35 Mn |
| Dec 31, 2022 | -21.66 Mn |
| Sep 30, 2022 | 23.21 Mn |
| Jun 30, 2022 | -22.16 Mn |
| Mar 31, 2022 | -68.95 Mn |
| Dec 31, 2021 | 18.19 Mn |
| Sep 30, 2021 | 5.18 Mn |
API Access
IHS Holding Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=IHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "IHS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=IHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();