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Stocks Comparison

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

IHS brought in $1.6B of revenue in fiscal 2025, VEON $4.4B in fiscal 2025. Revenue changed by +3.6% at IHS and +9.9% at VEON on the year before, so VEON grew faster. IHS kept 9.1% of its revenue as net profit, VEON 13.4%.

Side by side, latest fiscal year

IHSVEON
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.6B$4.4B
Revenue growth+3.6%+9.9%
Net income$143.6M$591M
Net margin9.1%13.4%
Free cash flow$718.7Mn/a
Free cash flow margin45.4%n/a
Earnings per share (diluted)$0.42$0.30
Cash$825.7M$1.7B
Debt$3.1B$3.1B
Price to earningsn/an/a
Market value$2.8B$5.1B
Dividend yieldn/an/a
Rank by revenue in sector#18 of 51 · Telecommunications#14 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: $1.6BVEON FY2018: $9.1BVEON FY2019: $8.1BVEON FY2020: $3.5BVEON FY2021: $3.9BVEON FY2022: $3.8BVEON FY2023: $3.7BVEON FY2024: $4BVEON FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
IHS $1.6BVEON $4.4B
Net income
IHS FY2019: -$423.5MIHS FY2021: -$322MIHS FY2021: -$25.8MIHS FY2022: -$459MIHS FY2023: -$2BIHS FY2024: -$1.6BIHS FY2025: $143.6MVEON FY2018: $362MVEON FY2019: $683MVEON FY2020: -$316MVEON FY2021: $801MVEON FY2022: -$9MVEON FY2023: -$2.5BVEON FY2024: $487MVEON FY2025: $591MFY18FY19FY20FY21FY22FY23FY24FY25
IHS $143.6MVEON $591M
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%VEON FY2018: 4.0%VEON FY2019: 8.4%VEON FY2020: -9.1%VEON FY2021: 20.8%VEON FY2022: -0.2%VEON FY2023: -66.3%VEON FY2024: 12.2%VEON FY2025: 13.4%FY18FY19FY20FY21FY22FY23FY24FY25
IHS 9.1%VEON 13.4%
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%VEON FY2019: -11.0%VEON FY2020: -57.0%VEON FY2021: +10.6%VEON FY2022: -2.5%VEON FY2023: -1.5%VEON FY2024: +8.3%VEON FY2025: +9.9%FY19FY20FY21FY22FY23FY24FY25
IHS +3.6%VEON +9.9%
Free cash flow
IHS FY2021: $540.5MIHS FY2021: $512MIHS FY2022: $528.8MIHS FY2023: $388.6MIHS FY2024: $494.2MIHS FY2025: $718.7MVEON FY2020: $1.9BFY20FY21FY22FY23FY24FY25
IHS $718.7MVEON $1.9B

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

Questions about IHS and VEON

Which is bigger by revenue, IHS or VEON?

VEON is bigger by revenue: $4.4B in fiscal 2025, against $1.6B for IHS in fiscal 2025.

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

IHS had a net margin of 9.1% in fiscal 2025; VEON had 13.4% in fiscal 2025.

Which grew revenue faster, IHS or VEON?

In their latest fiscal years revenue changed by +3.6% at IHS and +9.9% at VEON.

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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