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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.9× FIRST COMMONWEALTH FINANCIAL CORP). On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs 0.1%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs -22.0%).

First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.

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.

FCF vs IHS — Head-to-Head

Bigger by revenue
IHS
IHS
1.9× larger
IHS
$254.0M
$133.7M
FCF
Growing faster (revenue YoY)
FCF
FCF
+12.9% gap
FCF
13.0%
0.1%
IHS
Faster 2-yr revenue CAGR
FCF
FCF
Annualised
FCF
5.5%
-22.0%
IHS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCF
FCF
IHS
IHS
Revenue
$133.7M
$254.0M
Net Profit
$37.5M
Gross Margin
83.6%
Operating Margin
Net Margin
28.1%
Revenue YoY
13.0%
0.1%
Net Profit YoY
14.8%
EPS (diluted)
$0.37

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
FCF
FCF
IHS
IHS
Q1 26
$133.7M
Q4 25
$137.9M
$254.0M
Q3 25
$136.0M
$455.1M
Q2 25
$131.0M
$433.3M
Q1 25
$118.0M
$439.6M
Q4 24
$120.4M
$253.8M
Q3 24
$121.2M
$420.3M
Q2 24
$120.2M
$435.4M
Net Profit
FCF
FCF
IHS
IHS
Q1 26
$37.5M
Q4 25
$44.9M
Q3 25
$41.3M
$147.4M
Q2 25
$33.4M
$32.3M
Q1 25
$32.7M
$30.7M
Q4 24
$35.8M
Q3 24
$32.1M
$-205.7M
Q2 24
$37.1M
$-124.3M
Gross Margin
FCF
FCF
IHS
IHS
Q1 26
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%
Operating Margin
FCF
FCF
IHS
IHS
Q1 26
Q4 25
40.9%
Q3 25
38.1%
35.1%
Q2 25
32.1%
33.8%
Q1 25
34.8%
37.1%
Q4 24
37.1%
Q3 24
33.4%
29.9%
Q2 24
38.7%
34.0%
Net Margin
FCF
FCF
IHS
IHS
Q1 26
28.1%
Q4 25
32.5%
Q3 25
30.4%
32.4%
Q2 25
25.5%
7.5%
Q1 25
27.7%
7.0%
Q4 24
29.8%
Q3 24
26.5%
-48.9%
Q2 24
30.9%
-28.5%
EPS (diluted)
FCF
FCF
IHS
IHS
Q1 26
$0.37
Q4 25
$0.44
Q3 25
$0.39
$0.44
Q2 25
$0.32
$0.10
Q1 25
$0.32
$0.10
Q4 24
$0.35
Q3 24
$0.31
$-0.61
Q2 24
$0.36
$-0.36

Balance Sheet & Financial Strength

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

Metric
FCF
FCF
IHS
IHS
Cash + ST InvestmentsLiquidity on hand
$825.7M
Total DebtLower is stronger
$154.9M
$3.1B
Stockholders' EquityBook value
$1.6B
$-89.8M
Total Assets
$12.3B
$4.5B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCF
FCF
IHS
IHS
Q1 26
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
Total Debt
FCF
FCF
IHS
IHS
Q1 26
$154.9M
Q4 25
$261.7M
$3.1B
Q3 25
$262.1M
$3.3B
Q2 25
$262.4M
$3.2B
Q1 25
$262.7M
$3.4B
Q4 24
$263.0M
$3.3B
Q3 24
$136.3M
$3.5B
Q2 24
$136.6M
$3.6B
Stockholders' Equity
FCF
FCF
IHS
IHS
Q1 26
$1.6B
Q4 25
$1.6B
$-89.8M
Q3 25
$1.5B
$38.1M
Q2 25
$1.5B
$-98.4M
Q1 25
$1.4B
$-184.4M
Q4 24
$1.4B
$-314.4M
Q3 24
$1.4B
$-284.7M
Q2 24
$1.4B
$-308.3M
Total Assets
FCF
FCF
IHS
IHS
Q1 26
$12.3B
Q4 25
$12.3B
$4.5B
Q3 25
$12.3B
$4.7B
Q2 25
$12.2B
$4.5B
Q1 25
$11.8B
$4.4B
Q4 24
$11.6B
$4.2B
Q3 24
$12.0B
$4.6B
Q2 24
$11.6B
$4.5B
Debt / Equity
FCF
FCF
IHS
IHS
Q1 26
0.10×
Q4 25
0.17×
Q3 25
0.17×
85.85×
Q2 25
0.17×
Q1 25
0.18×
Q4 24
0.19×
Q3 24
0.10×
Q2 24
0.10×

Cash Flow & Capital Efficiency

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

Metric
FCF
FCF
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
FCF
FCF
IHS
IHS
Q1 26
Q4 25
$187.5M
$246.9M
Q3 25
$49.5M
$251.3M
Q2 25
$30.4M
$237.7M
Q1 25
$55.9M
$200.3M
Q4 24
$129.5M
$344.4M
Q3 24
$53.6M
$174.5M
Q2 24
$22.7M
$134.7M
Free Cash Flow
FCF
FCF
IHS
IHS
Q1 26
Q4 25
$171.5M
$178.6M
Q3 25
$189.2M
Q2 25
$197.7M
Q1 25
$153.2M
Q4 24
$113.9M
$282.9M
Q3 24
$122.3M
Q2 24
$74.2M
FCF Margin
FCF
FCF
IHS
IHS
Q1 26
Q4 25
124.3%
70.3%
Q3 25
41.6%
Q2 25
45.6%
Q1 25
34.8%
Q4 24
94.6%
111.5%
Q3 24
29.1%
Q2 24
17.0%
Capex Intensity
FCF
FCF
IHS
IHS
Q1 26
Q4 25
11.7%
26.9%
Q3 25
13.6%
Q2 25
9.2%
Q1 25
10.7%
Q4 24
12.9%
24.2%
Q3 24
12.4%
Q2 24
13.9%
Cash Conversion
FCF
FCF
IHS
IHS
Q1 26
Q4 25
4.18×
Q3 25
1.20×
1.70×
Q2 25
0.91×
7.36×
Q1 25
1.71×
6.52×
Q4 24
3.61×
Q3 24
1.67×
Q2 24
0.61×

Financial Flow Comparison

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

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