IHS Holding (IHS) FCF Margin (2020 - 2026)
IHS Holding (IHS) recorded FCF Margin of 41.79% in Q2 2026, down 29.75 percentage points from 71.54% a year earlier and down 23.38 percentage points from the prior quarter.
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Analysis
IHS Holding (IHS) FCF Margin (2020 - 2026) Analysis & Trends
On a TTM basis, IHS Holding's FCF Margin came in at 63.55% as of Jun 30, 2026, down 9.07 percentage points year-over-year; for FY2025, it came in at 72.93%, up 9.77 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +19.37 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 63.16% in FY2024 (-5.32 pp), 68.48% in FY2023 (+2.92 pp), 65.56% in FY2022 (+0.60 pp) and 64.96% in FY2021 (+11.40 pp).
- The Q2 2026 figure is the lowest quarterly FCF Margin since Q1 2024.
- On a year-over-year basis, FCF Margin rose in five of the last eight quarters, with an average year-over-year change of +7.17 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 55.90 percentage points in Q4 2024, against a drop of 29.75 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 65.17% (Q1 2026), 79.21% (Q4 2025) and 68.86% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 42.41% |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | 7.72% |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 46.83% |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 48.20% |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 34.00% |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 17.45% |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | -91.13% |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | 41.79% |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 5.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.79% |
| Mar 31, 2026 | 65.17% |
| Dec 31, 2025 | 79.21% |
| Sep 30, 2025 | 68.86% |
| Jun 30, 2025 | 71.54% |
| Mar 31, 2025 | 63.10% |
| Dec 31, 2024 | 103.15% |
| Sep 30, 2024 | 53.94% |
| Jun 30, 2024 | 44.83% |
| Mar 31, 2024 | 32.75% |
| Dec 31, 2023 | 47.26% |
| Sep 30, 2023 | 72.83% |
| Jun 30, 2023 | 72.64% |
| Mar 31, 2023 | 56.52% |
| Dec 31, 2022 | 71.33% |
| Sep 30, 2022 | 78.31% |
| Jun 30, 2022 | 61.64% |
| Mar 31, 2022 | 47.96% |
| Dec 31, 2021 | 66.33% |
| Sep 30, 2021 | 63.77% |
API Access
IHS Holding FCF Margin 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=fcf-margin&ticker=IHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=IHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();