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Side-by-side financial comparison of IHS Holding Ltd (IHS) and JACK IN THE BOX INC (JACK). Click either name above to swap in a different company.

JACK IN THE BOX INC is the larger business by last-quarter revenue ($349.5M vs $254.0M, roughly 1.4× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -25.5%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $7.3M). Over the past eight quarters, JACK IN THE BOX INC's revenue compounded faster (-18.6% CAGR vs -22.0%).

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.

Jack in the Box, Inc. is an American fast food restaurant chain founded on February 21, 1951, by Robert O. Peterson in San Diego, California, where it is headquartered. The chain has over 2,200 locations, primarily serving the West Coast of the United States. Restaurants are also found in large urban areas outside the West Coast, as well as two in Guam. The company also formerly operated the Qdoba Mexican Grill chain until Apollo Global Management bought the chain in December 2017.

IHS vs JACK — Head-to-Head

Bigger by revenue
JACK
JACK
1.4× larger
JACK
$349.5M
$254.0M
IHS
Growing faster (revenue YoY)
IHS
IHS
+25.6% gap
IHS
0.1%
-25.5%
JACK
More free cash flow
IHS
IHS
$171.3M more FCF
IHS
$178.6M
$7.3M
JACK
Faster 2-yr revenue CAGR
JACK
JACK
Annualised
JACK
-18.6%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IHS
IHS
JACK
JACK
Revenue
$254.0M
$349.5M
Net Profit
$-2.5M
Gross Margin
83.6%
Operating Margin
13.3%
Net Margin
-0.7%
Revenue YoY
0.1%
-25.5%
Net Profit YoY
-107.3%
EPS (diluted)
$-0.13

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
IHS
IHS
JACK
JACK
Q1 26
$349.5M
Q4 25
$254.0M
Q3 25
$455.1M
Q2 25
$433.3M
$336.7M
Q1 25
$439.6M
$371.1M
Q4 24
$253.8M
Q3 24
$420.3M
Q2 24
$435.4M
$365.3M
Net Profit
IHS
IHS
JACK
JACK
Q1 26
$-2.5M
Q4 25
Q3 25
$147.4M
Q2 25
$32.3M
$-142.2M
Q1 25
$30.7M
$33.7M
Q4 24
Q3 24
$-205.7M
Q2 24
$-124.3M
$25.0M
Gross Margin
IHS
IHS
JACK
JACK
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
IHS
IHS
JACK
JACK
Q1 26
13.3%
Q4 25
Q3 25
35.1%
Q2 25
33.8%
-46.7%
Q1 25
37.1%
19.0%
Q4 24
Q3 24
29.9%
Q2 24
34.0%
14.8%
Net Margin
IHS
IHS
JACK
JACK
Q1 26
-0.7%
Q4 25
Q3 25
32.4%
Q2 25
7.5%
-42.2%
Q1 25
7.0%
9.1%
Q4 24
Q3 24
-48.9%
Q2 24
-28.5%
6.8%
EPS (diluted)
IHS
IHS
JACK
JACK
Q1 26
$-0.13
Q4 25
Q3 25
$0.44
Q2 25
$0.10
$-7.47
Q1 25
$0.10
$1.75
Q4 24
Q3 24
$-0.61
Q2 24
$-0.36
$1.26

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
JACK
JACK
Cash + ST InvestmentsLiquidity on hand
$825.7M
Total DebtLower is stronger
$3.1B
$1.6B
Stockholders' EquityBook value
$-89.8M
$-936.0M
Total Assets
$4.5B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
JACK
JACK
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
IHS
IHS
JACK
JACK
Q1 26
$1.6B
Q4 25
$3.1B
Q3 25
$3.3B
Q2 25
$3.2B
$1.7B
Q1 25
$3.4B
$1.7B
Q4 24
$3.3B
Q3 24
$3.5B
Q2 24
$3.6B
$1.7B
Stockholders' Equity
IHS
IHS
JACK
JACK
Q1 26
$-936.0M
Q4 25
$-89.8M
Q3 25
$38.1M
Q2 25
$-98.4M
$-976.2M
Q1 25
$-184.4M
$-827.1M
Q4 24
$-314.4M
Q3 24
$-284.7M
Q2 24
$-308.3M
$-702.6M
Total Assets
IHS
IHS
JACK
JACK
Q1 26
$2.0B
Q4 25
$4.5B
Q3 25
$4.7B
Q2 25
$4.5B
$2.6B
Q1 25
$4.4B
$2.8B
Q4 24
$4.2B
Q3 24
$4.6B
Q2 24
$4.5B
$2.9B
Debt / Equity
IHS
IHS
JACK
JACK
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
IHS
IHS
JACK
JACK
Operating Cash FlowLast quarter
$246.9M
$30.5M
Free Cash FlowOCF − Capex
$178.6M
$7.3M
FCF MarginFCF / Revenue
70.3%
2.1%
Capex IntensityCapex / Revenue
26.9%
6.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$34.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
JACK
JACK
Q1 26
$30.5M
Q4 25
$246.9M
Q3 25
$251.3M
Q2 25
$237.7M
$-36.8M
Q1 25
$200.3M
$105.7M
Q4 24
$344.4M
Q3 24
$174.5M
Q2 24
$134.7M
$16.7M
Free Cash Flow
IHS
IHS
JACK
JACK
Q1 26
$7.3M
Q4 25
$178.6M
Q3 25
$189.2M
Q2 25
$197.7M
$-63.2M
Q1 25
$153.2M
$84.4M
Q4 24
$282.9M
Q3 24
$122.3M
Q2 24
$74.2M
$6.4M
FCF Margin
IHS
IHS
JACK
JACK
Q1 26
2.1%
Q4 25
70.3%
Q3 25
41.6%
Q2 25
45.6%
-18.8%
Q1 25
34.8%
22.7%
Q4 24
111.5%
Q3 24
29.1%
Q2 24
17.0%
1.8%
Capex Intensity
IHS
IHS
JACK
JACK
Q1 26
6.6%
Q4 25
26.9%
Q3 25
13.6%
Q2 25
9.2%
7.9%
Q1 25
10.7%
5.7%
Q4 24
24.2%
Q3 24
12.4%
Q2 24
13.9%
2.8%
Cash Conversion
IHS
IHS
JACK
JACK
Q1 26
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
3.14×
Q4 24
Q3 24
Q2 24
0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

JACK
JACK

Restaurant Sales$131.9M38%
Franchise$97.4M28%
Royaltyand Other$58.9M17%
Advertising$56.6M16%
Technology Service$4.7M1%
Franchise Fees$1.7M0%

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