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IHS vs T-Mobile US: revenue, profit, margins and growth compared

IHS brought in $1.6B of revenue in fiscal 2025, T-Mobile US $88.3B in fiscal 2025. Revenue changed by +3.6% at IHS and +8.5% at T-Mobile US on the year before, so T-Mobile US grew faster. IHS kept 9.1% of its revenue as net profit, T-Mobile US 12.4%. Free cash flow was $718.7M at IHS and $18B at T-Mobile US.

Side by side, latest fiscal year

IHSTMUS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.6B$88.3B
Revenue growth+3.6%+8.5%
Net income$143.6M$11B
Net margin9.1%12.4%
Free cash flow$718.7M$18B
Free cash flow margin45.4%20.4%
Earnings per share (diluted)$0.42$9.72
Cash$825.7M$5.6B
Debt$3.1B$86.3B
Price to earningsn/a17.0
Market value$2.8B$177.5B
Dividend yieldn/a2.30%
Rank by revenue in sector#18 of 51 · Telecommunications#4 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: $1.6BTMUS FY2018: $43.3BTMUS FY2019: $45BTMUS FY2020: $68.4BTMUS FY2021: $80.1BTMUS FY2022: $79.6BTMUS FY2023: $78.6BTMUS FY2024: $81.4BTMUS FY2025: $88.3BFY18FY19FY20FY21FY22FY23FY24FY25
IHS $1.6BTMUS $88.3B
Net income
IHS FY2019: -$423.5MIHS FY2021: -$322MIHS FY2021: -$25.8MIHS FY2022: -$459MIHS FY2023: -$2BIHS FY2024: -$1.6BIHS FY2025: $143.6MTMUS FY2018: $2.9BTMUS FY2019: $3.5BTMUS FY2020: $3.1BTMUS FY2021: $3BTMUS FY2022: $2.6BTMUS FY2023: $8.3BTMUS FY2024: $11.3BTMUS FY2025: $11BFY18FY19FY20FY21FY22FY23FY24FY25
IHS $143.6MTMUS $11B
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%TMUS FY2018: 6.7%TMUS FY2019: 7.7%TMUS FY2020: 4.5%TMUS FY2021: 3.8%TMUS FY2022: 3.3%TMUS FY2023: 10.6%TMUS FY2024: 13.9%TMUS FY2025: 12.4%FY18FY19FY20FY21FY22FY23FY24FY25
IHS 9.1%TMUS 12.4%
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%TMUS FY2019: +3.9%TMUS FY2020: +52.0%TMUS FY2021: +17.1%TMUS FY2022: -0.7%TMUS FY2023: -1.3%TMUS FY2024: +3.6%TMUS FY2025: +8.5%FY19FY20FY21FY22FY23FY24FY25
IHS +3.6%TMUS +8.5%
Free cash flow
IHS FY2021: $540.5MIHS FY2021: $512MIHS FY2022: $528.8MIHS FY2023: $388.6MIHS FY2024: $494.2MIHS FY2025: $718.7MTMUS FY2018: -$1.6BTMUS FY2019: $433MTMUS FY2020: -$2.4BTMUS FY2021: $1.6BTMUS FY2022: $2.8BTMUS FY2023: $8.8BTMUS FY2024: $13.5BTMUS FY2025: $18BFY18FY19FY20FY21FY22FY23FY24FY25
IHS $718.7MTMUS $18B

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

Questions about IHS and T-Mobile US

Which is bigger by revenue, IHS or T-Mobile US?

T-Mobile US is bigger by revenue: $88.3B in fiscal 2025, against $1.6B for IHS in fiscal 2025.

Which keeps more of its revenue as profit, IHS or T-Mobile US?

IHS had a net margin of 9.1% in fiscal 2025; T-Mobile US had 12.4% in fiscal 2025.

Which grew revenue faster, IHS or T-Mobile US?

In their latest fiscal years revenue changed by +3.6% at IHS and +8.5% at T-Mobile US.

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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