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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) and IHS Holding Ltd (IHS). Click either name above to swap in a different company.

GLOBAL INDUSTRIAL Co is the larger business by last-quarter revenue ($345.6M vs $254.0M, roughly 1.4× IHS Holding Ltd). On growth, GLOBAL INDUSTRIAL Co posted the faster year-over-year revenue change (14.3% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $19.2M). Over the past eight quarters, GLOBAL INDUSTRIAL Co's revenue compounded faster (3.4% CAGR vs -22.0%).

Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.

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.

GIC vs IHS — Head-to-Head

Bigger by revenue
GIC
GIC
1.4× larger
GIC
$345.6M
$254.0M
IHS
Growing faster (revenue YoY)
GIC
GIC
+14.2% gap
GIC
14.3%
0.1%
IHS
More free cash flow
IHS
IHS
$159.4M more FCF
IHS
$178.6M
$19.2M
GIC
Faster 2-yr revenue CAGR
GIC
GIC
Annualised
GIC
3.4%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GIC
GIC
IHS
IHS
Revenue
$345.6M
$254.0M
Net Profit
$14.6M
Gross Margin
34.5%
83.6%
Operating Margin
5.7%
Net Margin
4.2%
Revenue YoY
14.3%
0.1%
Net Profit YoY
36.4%
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
GIC
GIC
IHS
IHS
Q4 25
$345.6M
$254.0M
Q3 25
$353.6M
$455.1M
Q2 25
$358.9M
$433.3M
Q1 25
$321.0M
$439.6M
Q4 24
$302.3M
$253.8M
Q3 24
$342.4M
$420.3M
Q2 24
$347.8M
$435.4M
Q1 24
$323.4M
$417.7M
Net Profit
GIC
GIC
IHS
IHS
Q4 25
$14.6M
Q3 25
$18.8M
$147.4M
Q2 25
$25.1M
$32.3M
Q1 25
$13.6M
$30.7M
Q4 24
$10.7M
Q3 24
$16.8M
$-205.7M
Q2 24
$20.3M
$-124.3M
Q1 24
$13.2M
$-1.6B
Gross Margin
GIC
GIC
IHS
IHS
Q4 25
34.5%
83.6%
Q3 25
35.6%
47.5%
Q2 25
37.1%
51.3%
Q1 25
34.9%
51.4%
Q4 24
33.8%
72.1%
Q3 24
34.0%
52.0%
Q2 24
35.2%
52.5%
Q1 24
34.3%
39.1%
Operating Margin
GIC
GIC
IHS
IHS
Q4 25
5.7%
Q3 25
7.4%
35.1%
Q2 25
9.3%
33.8%
Q1 25
5.7%
37.1%
Q4 24
4.8%
Q3 24
6.5%
29.9%
Q2 24
7.6%
34.0%
Q1 24
5.4%
-1.7%
Net Margin
GIC
GIC
IHS
IHS
Q4 25
4.2%
Q3 25
5.3%
32.4%
Q2 25
7.0%
7.5%
Q1 25
4.2%
7.0%
Q4 24
3.5%
Q3 24
4.9%
-48.9%
Q2 24
5.8%
-28.5%
Q1 24
4.1%
-372.8%
EPS (diluted)
GIC
GIC
IHS
IHS
Q4 25
$0.37
Q3 25
$0.48
$0.44
Q2 25
$0.65
$0.10
Q1 25
$0.35
$0.10
Q4 24
$0.28
Q3 24
$0.44
$-0.61
Q2 24
$0.52
$-0.36
Q1 24
$0.34
$-4.67

Balance Sheet & Financial Strength

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

Metric
GIC
GIC
IHS
IHS
Cash + ST InvestmentsLiquidity on hand
$67.5M
$825.7M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$313.2M
$-89.8M
Total Assets
$580.8M
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GIC
GIC
IHS
IHS
Q4 25
$67.5M
$825.7M
Q3 25
$67.2M
$647.6M
Q2 25
$55.1M
$531.8M
Q1 25
$39.0M
$629.0M
Q4 24
$44.6M
$578.0M
Q3 24
$38.9M
$397.5M
Q2 24
$38.8M
$445.7M
Q1 24
$29.9M
$333.2M
Total Debt
GIC
GIC
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
GIC
GIC
IHS
IHS
Q4 25
$313.2M
$-89.8M
Q3 25
$316.0M
$38.1M
Q2 25
$305.2M
$-98.4M
Q1 25
$287.9M
$-184.4M
Q4 24
$281.1M
$-314.4M
Q3 24
$279.2M
$-284.7M
Q2 24
$270.4M
$-308.3M
Q1 24
$260.2M
$-163.2M
Total Assets
GIC
GIC
IHS
IHS
Q4 25
$580.8M
$4.5B
Q3 25
$602.5M
$4.7B
Q2 25
$586.5M
$4.5B
Q1 25
$536.7M
$4.4B
Q4 24
$520.7M
$4.2B
Q3 24
$531.6M
$4.6B
Q2 24
$542.5M
$4.5B
Q1 24
$517.4M
$4.6B
Debt / Equity
GIC
GIC
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
GIC
GIC
IHS
IHS
Operating Cash FlowLast quarter
$20.0M
$246.9M
Free Cash FlowOCF − Capex
$19.2M
$178.6M
FCF MarginFCF / Revenue
5.6%
70.3%
Capex IntensityCapex / Revenue
0.2%
26.9%
Cash ConversionOCF / Net Profit
1.37×
TTM Free Cash FlowTrailing 4 quarters
$74.7M
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GIC
GIC
IHS
IHS
Q4 25
$20.0M
$246.9M
Q3 25
$22.7M
$251.3M
Q2 25
$31.7M
$237.7M
Q1 25
$3.4M
$200.3M
Q4 24
$15.9M
$344.4M
Q3 24
$9.6M
$174.5M
Q2 24
$18.8M
$134.7M
Q1 24
$6.4M
$75.8M
Free Cash Flow
GIC
GIC
IHS
IHS
Q4 25
$19.2M
$178.6M
Q3 25
$22.0M
$189.2M
Q2 25
$30.3M
$197.7M
Q1 25
$3.2M
$153.2M
Q4 24
$15.2M
$282.9M
Q3 24
$8.7M
$122.3M
Q2 24
$17.9M
$74.2M
Q1 24
$5.1M
$14.8M
FCF Margin
GIC
GIC
IHS
IHS
Q4 25
5.6%
70.3%
Q3 25
6.2%
41.6%
Q2 25
8.4%
45.6%
Q1 25
1.0%
34.8%
Q4 24
5.0%
111.5%
Q3 24
2.5%
29.1%
Q2 24
5.1%
17.0%
Q1 24
1.6%
3.5%
Capex Intensity
GIC
GIC
IHS
IHS
Q4 25
0.2%
26.9%
Q3 25
0.2%
13.6%
Q2 25
0.4%
9.2%
Q1 25
0.1%
10.7%
Q4 24
0.2%
24.2%
Q3 24
0.3%
12.4%
Q2 24
0.3%
13.9%
Q1 24
0.4%
14.6%
Cash Conversion
GIC
GIC
IHS
IHS
Q4 25
1.37×
Q3 25
1.21×
1.70×
Q2 25
1.26×
7.36×
Q1 25
0.25×
6.52×
Q4 24
1.49×
Q3 24
0.57×
Q2 24
0.93×
Q1 24
0.48×

Financial Flow Comparison

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

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