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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 1.4× Climb Global Solutions, Inc.). On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs 0.1%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs -22.0%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

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.

CLMB vs IHS — Head-to-Head

Bigger by revenue
IHS
IHS
1.4× larger
IHS
$254.0M
$182.4M
CLMB
Growing faster (revenue YoY)
CLMB
CLMB
+32.0% gap
CLMB
32.1%
0.1%
IHS
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
-22.0%
IHS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
IHS
IHS
Revenue
$182.4M
$254.0M
Net Profit
$3.3M
Gross Margin
14.5%
83.6%
Operating Margin
2.1%
Net Margin
1.8%
Revenue YoY
32.1%
0.1%
Net Profit YoY
-9.5%
EPS (diluted)
$0.18

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
CLMB
CLMB
IHS
IHS
Q1 26
$182.4M
Q4 25
$193.8M
$254.0M
Q3 25
$161.3M
$455.1M
Q2 25
$159.3M
$433.3M
Q1 25
$138.0M
$439.6M
Q4 24
$161.8M
$253.8M
Q3 24
$119.3M
$420.3M
Q2 24
$92.1M
$435.4M
Net Profit
CLMB
CLMB
IHS
IHS
Q1 26
$3.3M
Q4 25
$7.0M
Q3 25
$4.7M
$147.4M
Q2 25
$6.0M
$32.3M
Q1 25
$3.7M
$30.7M
Q4 24
$7.0M
Q3 24
$5.5M
$-205.7M
Q2 24
$3.4M
$-124.3M
Gross Margin
CLMB
CLMB
IHS
IHS
Q1 26
14.5%
Q4 25
15.4%
83.6%
Q3 25
15.9%
47.5%
Q2 25
16.5%
51.3%
Q1 25
16.9%
51.4%
Q4 24
19.3%
72.1%
Q3 24
20.3%
52.0%
Q2 24
20.2%
52.5%
Operating Margin
CLMB
CLMB
IHS
IHS
Q1 26
2.1%
Q4 25
4.9%
Q3 25
4.3%
35.1%
Q2 25
5.0%
33.8%
Q1 25
3.5%
37.1%
Q4 24
7.2%
Q3 24
7.1%
29.9%
Q2 24
4.6%
34.0%
Net Margin
CLMB
CLMB
IHS
IHS
Q1 26
1.8%
Q4 25
3.6%
Q3 25
2.9%
32.4%
Q2 25
3.7%
7.5%
Q1 25
2.7%
7.0%
Q4 24
4.3%
Q3 24
4.6%
-48.9%
Q2 24
3.7%
-28.5%
EPS (diluted)
CLMB
CLMB
IHS
IHS
Q1 26
$0.18
Q4 25
$1.51
Q3 25
$1.02
$0.44
Q2 25
$1.30
$0.10
Q1 25
$0.81
$0.10
Q4 24
$1.52
Q3 24
$1.19
$-0.61
Q2 24
$0.75
$-0.36

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
IHS
IHS
Cash + ST InvestmentsLiquidity on hand
$41.8M
$825.7M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$118.4M
$-89.8M
Total Assets
$458.8M
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
IHS
IHS
Q1 26
$41.8M
Q4 25
$36.6M
$825.7M
Q3 25
$49.8M
$647.6M
Q2 25
$28.6M
$531.8M
Q1 25
$32.5M
$629.0M
Q4 24
$29.8M
$578.0M
Q3 24
$22.1M
$397.5M
Q2 24
$48.4M
$445.7M
Total Debt
CLMB
CLMB
IHS
IHS
Q1 26
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
Stockholders' Equity
CLMB
CLMB
IHS
IHS
Q1 26
$118.4M
Q4 25
$116.6M
$-89.8M
Q3 25
$109.3M
$38.1M
Q2 25
$105.2M
$-98.4M
Q1 25
$95.6M
$-184.4M
Q4 24
$90.6M
$-314.4M
Q3 24
$87.7M
$-284.7M
Q2 24
$79.8M
$-308.3M
Total Assets
CLMB
CLMB
IHS
IHS
Q1 26
$458.8M
Q4 25
$460.2M
$4.5B
Q3 25
$376.1M
$4.7B
Q2 25
$420.7M
$4.5B
Q1 25
$370.1M
$4.4B
Q4 24
$469.2M
$4.2B
Q3 24
$371.9M
$4.6B
Q2 24
$302.8M
$4.5B
Debt / Equity
CLMB
CLMB
IHS
IHS
Q1 26
Q4 25
Q3 25
85.85×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
CLMB
CLMB
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
CLMB
CLMB
IHS
IHS
Q1 26
Q4 25
$-11.9M
$246.9M
Q3 25
$22.2M
$251.3M
Q2 25
$-2.2M
$237.7M
Q1 25
$8.5M
$200.3M
Q4 24
$16.0M
$344.4M
Q3 24
$-3.6M
$174.5M
Q2 24
$7.3M
$134.7M
Free Cash Flow
CLMB
CLMB
IHS
IHS
Q1 26
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
FCF Margin
CLMB
CLMB
IHS
IHS
Q1 26
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%
Capex Intensity
CLMB
CLMB
IHS
IHS
Q1 26
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%
Cash Conversion
CLMB
CLMB
IHS
IHS
Q1 26
Q4 25
-1.70×
Q3 25
4.73×
1.70×
Q2 25
-0.37×
7.36×
Q1 25
2.30×
6.52×
Q4 24
2.29×
Q3 24
-0.66×
Q2 24
2.13×

Financial Flow Comparison

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

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