IHS Holding (IHS) Gross Margin (2020 - 2026)
IHS Holding (IHS) reported Gross Margin of 48.32% for Q2 2026, down 7.60 percentage points from 55.92% a year earlier and down 7.48 percentage points from the prior quarter.
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Analysis
IHS Holding (IHS) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, IHS Holding's Gross Margin came in at 51.53%, down 2.60 percentage points year-over-year; for FY2025, it was 55.41%, up 3.45 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a five-year change of +15.16 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 51.96% in FY2024 (+5.81 pp), 46.16% in FY2023 (+5.15 pp), 41.01% in FY2022 (-1.55 pp) and 42.56% in FY2021 (+2.31 pp).
- Five-year quarterly Gross Margin spans a low of 23.16% in Q3 2023 and a high of 56.71% in Q4 2023.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of +4.41 percentage points.
- The high point for year-over-year Gross Margin in five years was Q3 2024 (a gain of 28.86 percentage points); the low point was Q3 2023 (a drop of 19.76 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 55.80% (Q1 2026), 55.15% (Q4 2025) and 47.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 98.79% |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | - |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 98.12% |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 75.39% |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 68.51% |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 52.90% |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | 56.54% |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | 48.32% |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 55.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.32% |
| Mar 31, 2026 | 55.80% |
| Dec 31, 2025 | 55.15% |
| Sep 30, 2025 | 47.48% |
| Jun 30, 2025 | 55.92% |
| Mar 31, 2025 | 55.67% |
| Dec 31, 2024 | 53.08% |
| Sep 30, 2024 | 52.01% |
| Jun 30, 2024 | 52.53% |
| Mar 31, 2024 | 39.12% |
| Dec 31, 2023 | 56.71% |
| Sep 30, 2023 | 23.16% |
| Jun 30, 2023 | 45.61% |
| Mar 31, 2023 | 49.11% |
| Dec 31, 2022 | 35.72% |
| Sep 30, 2022 | 42.91% |
| Jun 30, 2022 | 42.14% |
| Mar 31, 2022 | 43.83% |
| Dec 31, 2021 | 43.61% |
| Sep 30, 2021 | 31.85% |
API Access
IHS Holding Gross 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=gross-margin&ticker=IHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=IHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();