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IHS vs Kyivstar: revenue, profit, margins and growth compared

IHS brought in $1.6B of revenue in fiscal 2025, Kyivstar $1.2B in fiscal 2025. Revenue changed by +3.6% at IHS and +25.9% at Kyivstar on the year before, so Kyivstar grew faster. IHS kept 9.1% of its revenue as net profit, Kyivstar 10.7%. Free cash flow was $718.7M at IHS and $311M at Kyivstar.

Side by side, latest fiscal year

IHSKYIV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.6B$1.2B
Revenue growth+3.6%+25.9%
Net income$143.6M$124M
Net margin9.1%10.7%
Free cash flow$718.7M$311M
Free cash flow margin45.4%26.9%
Earnings per share (diluted)$0.42$0.57
Cash$825.7M$455M
Debt$3.1Bn/a
Price to earningsn/an/a
Market value$2.8B$3B
Dividend yieldn/an/a
Rank by revenue in sector#18 of 51 · Telecommunications#25 of 51 · Telecommunications

Over the years

Revenue
IHS FY2019: $1.2BIHS FY2021: $1.4BIHS FY2021: $1.6BIHS FY2022: $2BIHS FY2023: $1.9BIHS FY2024: $1.5BIHS FY2025: $1.6BKYIV FY2023: $915MKYIV FY2025: $919MKYIV FY2025: $1.2BFY19FY21FY22FY23FY24FY25
IHS $1.6BKYIV $1.2B
Net income
IHS FY2019: -$423.5MIHS FY2021: -$322MIHS FY2021: -$25.8MIHS FY2022: -$459MIHS FY2023: -$2BIHS FY2024: -$1.6BIHS FY2025: $143.6MKYIV FY2023: $281MKYIV FY2025: $283MKYIV FY2025: $124MFY19FY21FY22FY23FY24FY25
IHS $143.6MKYIV $124M
Net margin
IHS FY2019: -34.4%IHS FY2021: -22.9%IHS FY2021: -1.6%IHS FY2022: -23.4%IHS FY2023: -102.7%IHS FY2024: -106.9%IHS FY2025: 9.1%KYIV FY2023: 30.7%KYIV FY2025: 30.8%KYIV FY2025: 10.7%FY19FY21FY22FY23FY24FY25
IHS 9.1%KYIV 10.7%
Revenue growth
IHS FY2021: +14.0%IHS FY2021: +12.6%IHS FY2022: +24.2%IHS FY2023: -1.8%IHS FY2024: -20.7%IHS FY2025: +3.6%KYIV FY2025: +0.4%KYIV FY2025: +25.9%FY21FY22FY23FY24FY25
IHS +3.6%KYIV +25.9%
Free cash flow
IHS FY2021: $540.5MIHS FY2021: $512MIHS FY2022: $528.8MIHS FY2023: $388.6MIHS FY2024: $494.2MIHS FY2025: $718.7MKYIV FY2023: $317MKYIV FY2025: $268MKYIV FY2025: $311MFY21FY22FY23FY24FY25
IHS $718.7MKYIV $311M

Fiscal years as each company reports them; the two may end in different months.

Questions about IHS and Kyivstar

Which is bigger by revenue, IHS or Kyivstar?

IHS is bigger by revenue: $1.6B in fiscal 2025, against $1.2B for Kyivstar in fiscal 2025.

Which keeps more of its revenue as profit, IHS or Kyivstar?

IHS had a net margin of 9.1% in fiscal 2025; Kyivstar had 10.7% in fiscal 2025.

Which grew revenue faster, IHS or Kyivstar?

In their latest fiscal years revenue changed by +3.6% at IHS and +25.9% at Kyivstar.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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