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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and IHS Holding Ltd (IHS). Click either name above to swap in a different company.

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $225.3M, roughly 1.1× ASIA PACIFIC WIRE & CABLE CORP LTD).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-largest independent multinational tower company in the world.

APWC vs IHS — Head-to-Head

Bigger by revenue
IHS
IHS
1.1× larger
IHS
$254.0M
$225.3M
APWC

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
IHS
IHS
Revenue
$225.3M
$254.0M
Net Profit
Gross Margin
7.9%
83.6%
Operating Margin
2.2%
Net Margin
Revenue YoY
0.1%
Net Profit YoY
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
IHS
IHS
Q4 25
$254.0M
Q3 25
$455.1M
Q2 25
$433.3M
Q1 25
$439.6M
Q4 24
$253.8M
Q3 24
$420.3M
Q2 24
$435.4M
Q1 24
$417.7M
Net Profit
APWC
APWC
IHS
IHS
Q4 25
Q3 25
$147.4M
Q2 25
$32.3M
Q1 25
$30.7M
Q4 24
Q3 24
$-205.7M
Q2 24
$-124.3M
Q1 24
$-1.6B
Gross Margin
APWC
APWC
IHS
IHS
Q4 25
83.6%
Q3 25
47.5%
Q2 25
51.3%
Q1 25
51.4%
Q4 24
72.1%
Q3 24
52.0%
Q2 24
52.5%
Q1 24
39.1%
Operating Margin
APWC
APWC
IHS
IHS
Q4 25
Q3 25
35.1%
Q2 25
33.8%
Q1 25
37.1%
Q4 24
Q3 24
29.9%
Q2 24
34.0%
Q1 24
-1.7%
Net Margin
APWC
APWC
IHS
IHS
Q4 25
Q3 25
32.4%
Q2 25
7.5%
Q1 25
7.0%
Q4 24
Q3 24
-48.9%
Q2 24
-28.5%
Q1 24
-372.8%
EPS (diluted)
APWC
APWC
IHS
IHS
Q4 25
Q3 25
$0.44
Q2 25
$0.10
Q1 25
$0.10
Q4 24
Q3 24
$-0.61
Q2 24
$-0.36
Q1 24
$-4.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
IHS
IHS
Cash + ST InvestmentsLiquidity on hand
$825.7M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
Total Assets
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
IHS
IHS
Q4 25
$825.7M
Q3 25
$647.6M
Q2 25
$531.8M
Q1 25
$629.0M
Q4 24
$578.0M
Q3 24
$397.5M
Q2 24
$445.7M
Q1 24
$333.2M
Total Debt
APWC
APWC
IHS
IHS
Q4 25
$3.1B
Q3 25
$3.3B
Q2 25
$3.2B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.5B
Q2 24
$3.6B
Q1 24
$3.5B
Stockholders' Equity
APWC
APWC
IHS
IHS
Q4 25
$-89.8M
Q3 25
$38.1M
Q2 25
$-98.4M
Q1 25
$-184.4M
Q4 24
$-314.4M
Q3 24
$-284.7M
Q2 24
$-308.3M
Q1 24
$-163.2M
Total Assets
APWC
APWC
IHS
IHS
Q4 25
$4.5B
Q3 25
$4.7B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$4.2B
Q3 24
$4.6B
Q2 24
$4.5B
Q1 24
$4.6B
Debt / Equity
APWC
APWC
IHS
IHS
Q4 25
Q3 25
85.85×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
IHS
IHS
Operating Cash FlowLast quarter
$246.9M
Free Cash FlowOCF − Capex
$178.6M
FCF MarginFCF / Revenue
70.3%
Capex IntensityCapex / Revenue
26.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
IHS
IHS
Q4 25
$246.9M
Q3 25
$251.3M
Q2 25
$237.7M
Q1 25
$200.3M
Q4 24
$344.4M
Q3 24
$174.5M
Q2 24
$134.7M
Q1 24
$75.8M
Free Cash Flow
APWC
APWC
IHS
IHS
Q4 25
$178.6M
Q3 25
$189.2M
Q2 25
$197.7M
Q1 25
$153.2M
Q4 24
$282.9M
Q3 24
$122.3M
Q2 24
$74.2M
Q1 24
$14.8M
FCF Margin
APWC
APWC
IHS
IHS
Q4 25
70.3%
Q3 25
41.6%
Q2 25
45.6%
Q1 25
34.8%
Q4 24
111.5%
Q3 24
29.1%
Q2 24
17.0%
Q1 24
3.5%
Capex Intensity
APWC
APWC
IHS
IHS
Q4 25
26.9%
Q3 25
13.6%
Q2 25
9.2%
Q1 25
10.7%
Q4 24
24.2%
Q3 24
12.4%
Q2 24
13.9%
Q1 24
14.6%
Cash Conversion
APWC
APWC
IHS
IHS
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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