IHS
IHS Holding Limited
IHS trails on the overall score without a compensating advantage in the available component scores.
TMUS
T-Mobile US, Inc.
TMUS has the edge over IHS overall, supported by stronger modeled upside and stronger valuation.
IHS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
IHS's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
IHS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.8x | $2.32 | -72% |
| Forward | 11x | $8.41 | — |
| Fair | 16x | $6.36 | -24% |
| Expensive | 21x | $8.50 | +1.1% |
| Current | 21x | $8.41 | — |
Historical ranges are pointers, not guarantees.
IHS's PE is in its expensive range at 21x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 11x, in its cheap range.
TMUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $171 | — |
| Current | 16x | $171 | — |
| Cheap | 21x | $218 | +27% |
| Fair | 26x | $274 | +60% |
| Expensive | 56x | $581 | +240% |
Historical ranges are pointers, not guarantees.
TMUS has the edge over IHS in the historical PE scenario, which offers more potential upside but is not a forecast.
IHS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect IHS's revenue to grow, but its earnings and profitability to decline.
TMUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
TMUS has the edge over IHS on the outlook, with more favorable earnings and profitability expectations.
IHS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.74 | +85% |
| Q2 2026 | $0.40 | +21% |
| Q1 2026 | $0.53 | +$0.66 |
| Q4 2025 | $0.41 | +$5.31 |
| Q3 2025 | $1.38 | +$8.46 |
| Q2 2025 | $0.33 | +$7.59 |
| Q1 2025 | -$0.13 | +$10.50 |
| Q4 2024 | -$4.90 | +$1.03 |
| Q3 2024 | -$7.08 | -$1.83 |
IHS has the edge over TMUS on earnings, with more consistent year-over-year improvement.
TMUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.49 | +30% |
| Q3 2026 | $10.37 | -0.2% |
| Q2 2026 | $9.56 | -9.7% |
| Q1 2026 | $9.41 | -8.1% |
| Q4 2025 | $9.72 | +0.6% |
| Q3 2025 | $10.39 | +18% |
| Q2 2025 | $10.59 | +33% |
| Q1 2025 | $10.24 | +39% |
| Q4 2024 | $9.66 | +39% |
TMUS earned $10.37 per share over the past year, about the same as the year before.
IHS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $428.6M | -1.1% |
| Q1 2026 | $415.4M | -5.5% |
| Q4 2025 | $254M | -42% |
| Q3 2025 | $455.1M | +8.3% |
| Q2 2025 | $433.3M | -0.5% |
| Q1 2025 | $439.6M | +5.2% |
| Q4 2024 | $437.8M | -14% |
| Q3 2024 | $420.3M | -10% |
IHS's revenue has slid since its 2023 peak: $429M last quarter, down 1.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 19% | -15 points |
| Q1 2026 | 29% | -8.2 points |
| Q4 2025 | 61% | +13 points |
| Q3 2025 | 35% | +5.2 points |
| Q2 2025 | 34% | -0.2 points |
| Q1 2025 | 37% | +39 points |
| Q4 2024 | 48% | +17 points |
| Q3 2024 | 30% | +28 points |
IHS's operating margin was 19% last quarter, down 14 points from the same quarter a year ago.
TMUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.6B | +7.4% |
| Q2 2026 | $22.8B | +7.9% |
| Q1 2026 | $23.1B | +11% |
| Q4 2025 | $24.3B | +11% |
| Q3 2025 | $22B | +8.9% |
| Q2 2025 | $21.1B | +6.9% |
| Q1 2025 | $20.9B | +6.6% |
| Q4 2024 | $21.9B | +6.8% |
TMUS has the edge over IHS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +3.4 points |
| Q2 2026 | 24% | -0.6 points |
| Q1 2026 | 19% | -3.5 points |
| Q4 2025 | 15% | -5.6 points |
| Q3 2025 | 21% | -3.2 points |
| Q2 2025 | 25% | +1.3 points |
| Q1 2025 | 23% | +2.6 points |
| Q4 2024 | 21% | +4 points |
TMUS has the edge over IHS on profitability, with a higher operating margin.
IHS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $112.2M | -43% |
| Q1 2026 | $159.3M | +4% |
| Q4 2025 | $87.4M | -69% |
| Q3 2025 | $189.2M | +55% |
| Q2 2025 | $197.7M | +167% |
| Q1 2025 | $153.2M | +934% |
| Q4 2024 | $282.8M | +263% |
| Q3 2024 | $122.3M | +22% |
IHS's free cash flow has been positive every quarter for six years: $548M over the past year, down 28% from the year before.
TMUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +5.3% |
| Q2 2026 | $4.8B | +4.4% |
| Q1 2026 | $4.6B | +4.6% |
| Q4 2025 | $4.2B | +25% |
| Q3 2025 | $4.8B | +15% |
| Q2 2025 | $4.6B | +32% |
| Q1 2025 | $4.4B | +79% |
| Q4 2024 | $3.3B | +2% |
TMUS generated $18.7B in free cash flow over the past year, up 8.8% from the year before.
IHS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +945K shares |
| 1 year | +2.5% | +8.5M shares |
| 3 years | +2.5% | +8.4M shares |
| 5 years | +4.9% | +16M shares |
| Available history | +17% | +50.5M shares |
IHS has 344M diluted shares, up 2.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q4 2023 | $4.3M |
| Q3 2023 | $5.7M |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
TMUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -10.8M shares |
| 1 year | -4.9% | -55M shares |
| 3 years | -8.8% | -103M shares |
| 5 years | -15% | -182M shares |
| Available history | +24% | +207M shares |
TMUS has the edge over IHS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.4B |
| Q2 2026 | $2.3B |
| Q1 2026 | $4.8B |
| Q4 2025 | $2.4B |
| Q3 2025 | $2.5B |
| Q2 2025 | $2.6B |
| Q1 2025 | $2.5B |
| Q4 2024 | $4.7B |
TMUS spent $12B buying back its own shares over the past year, down 1.7% from the year before.
IHS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 2.7x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 3.3x | Elevated |
| Q3 2024 | 4.0x | Elevated |
IHS's net debt is about 2.1 years of its operating earnings (EBITDA), down from 2.7 years a year ago.
TMUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 2.4x | Moderate |
TMUS has the edge over IHS on leverage, with a lower net debt burden relative to earnings.
IHS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.6 | Neutral |
| Stochastic | 70.7 | Neutral |
IHS's weekly RSI is 58 (neutral) and its Stochastic is 71 (neutral).
TMUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 42.1 | Neutral |
TMUS's weekly RSI is 48 (neutral) and its Stochastic is 42 (neutral).
IHS PE vs Communication Services Sector
| Metric | IHS | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 27% above |
| PE % | 77 | 32 | 45 pts above |
IHS is trading at 21x earnings, a 27% premium to the Communication Services sector's median of 16x, though its recent earnings include one-off gains.
TMUS PE vs Communication Services Sector
| Metric | TMUS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | Same PE |
| PE % | 1 | 26 | 25 pts below |
TMUS has the edge over IHS on valuation relative to its sector.
IHS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.42 | 0.1% below |
| 20 week MA | $8.36 | 0.6% above |
| 50 week MA | $8.15 | 3.2% above |
| 100 week MA | $6.80 | 24% above |
| 200 week MA | $6.00 | 40% above |
IHS has the edge over TMUS on trend strength, trading above more of its moving averages.
TMUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.1 | 7.5% above |
| 20 week MA | $172.0 | 0.5% below |
| 50 week MA | $187.8 | 8.9% below |
| 100 week MA | $212.9 | 20% below |
| 200 week MA | $188.7 | 9.4% below |
TMUS has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 9.4% below its 200-week average.
IHS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $16.7 | $14.3 | -14% |
| 2022 | $14.3 | $5.97 | -58% |
| 2023 | $5.97 | $4.60 | -23% |
| 2024 | $4.60 | $3.00 | -35% |
| 2025 | $3.00 | $7.28 | +143% |
| 2026 YTD | $7.28 | $8.41 | +16% |
IHS has the edge over TMUS on returns for 2026, with the stronger performance.
TMUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.2 | $132.9 | +72% |
| 2021 | $132.9 | $119.9 | -9.8% |
| 2022 | $119.9 | $140.0 | +17% |
| 2023 | $140.0 | $160.3 | +15% |
| 2024 | $160.3 | $223.0 | +39% |
| 2025 | $223.0 | $201.0 | -9.9% |
| 2026 YTD | $201.0 | $171.0 | -15% |
TMUS has finished higher in four of the last six years. It's down 15% so far in 2026.