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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Kosmos Energy Ltd. (KOS). Click either name above to swap in a different company.

Kosmos Energy Ltd. is the larger business by last-quarter revenue ($294.6M vs $254.0M, roughly 1.2× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -25.9%). Over the past eight quarters, Kosmos Energy Ltd.'s revenue compounded faster (-16.5% 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.

Kosmos Energy is an American upstream oil company founded and based in Dallas, Texas. While previously incorporated in Bermuda, Kosmos has reincorporated in Delaware. The company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore Mauritania and Senegal, and exploration licenses offshore Namibia, São Tomé and Príncipe and Suriname. It was previously involved in exploration offshore Morocco and Western ...

IHS vs KOS — Head-to-Head

Bigger by revenue
KOS
KOS
1.2× larger
KOS
$294.6M
$254.0M
IHS
Growing faster (revenue YoY)
IHS
IHS
+26.0% gap
IHS
0.1%
-25.9%
KOS
Faster 2-yr revenue CAGR
KOS
KOS
Annualised
KOS
-16.5%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
KOS
KOS
Revenue
$254.0M
$294.6M
Net Profit
Gross Margin
83.6%
Operating Margin
-125.7%
Net Margin
Revenue YoY
0.1%
-25.9%
Net Profit YoY
EPS (diluted)
$-0.80

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
KOS
KOS
Q4 25
$254.0M
$294.6M
Q3 25
$455.1M
$311.0M
Q2 25
$433.3M
$392.6M
Q1 25
$439.6M
$290.1M
Q4 24
$253.8M
$397.6M
Q3 24
$420.3M
$407.8M
Q2 24
$435.4M
$447.8M
Q1 24
$417.7M
$422.3M
Net Profit
IHS
IHS
KOS
KOS
Q4 25
Q3 25
$147.4M
$-124.3M
Q2 25
$32.3M
$-87.7M
Q1 25
$30.7M
$-110.6M
Q4 24
Q3 24
$-205.7M
$45.0M
Q2 24
$-124.3M
$59.8M
Q1 24
$-1.6B
$91.7M
Gross Margin
IHS
IHS
KOS
KOS
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
IHS
IHS
KOS
KOS
Q4 25
-125.7%
Q3 25
35.1%
-34.2%
Q2 25
33.8%
-16.2%
Q1 25
37.1%
-32.4%
Q4 24
-8.5%
Q3 24
29.9%
26.1%
Q2 24
34.0%
30.2%
Q1 24
-1.7%
33.6%
Net Margin
IHS
IHS
KOS
KOS
Q4 25
Q3 25
32.4%
-40.0%
Q2 25
7.5%
-22.3%
Q1 25
7.0%
-38.1%
Q4 24
Q3 24
-48.9%
11.0%
Q2 24
-28.5%
13.3%
Q1 24
-372.8%
21.7%
EPS (diluted)
IHS
IHS
KOS
KOS
Q4 25
$-0.80
Q3 25
$0.44
$-0.26
Q2 25
$0.10
$-0.18
Q1 25
$0.10
$-0.23
Q4 24
$0.00
Q3 24
$-0.61
$0.09
Q2 24
$-0.36
$0.12
Q1 24
$-4.67
$0.19

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
KOS
KOS
Cash + ST InvestmentsLiquidity on hand
$825.7M
$91.5M
Total DebtLower is stronger
$3.1B
$3.1B
Stockholders' EquityBook value
$-89.8M
$528.6M
Total Assets
$4.5B
$4.7B
Debt / EquityLower = less leverage
5.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
KOS
KOS
Q4 25
$825.7M
$91.5M
Q3 25
$647.6M
$64.0M
Q2 25
$531.8M
$51.7M
Q1 25
$629.0M
$49.8M
Q4 24
$578.0M
$85.0M
Q3 24
$397.5M
$51.6M
Q2 24
$445.7M
$173.8M
Q1 24
$333.2M
$254.3M
Total Debt
IHS
IHS
KOS
KOS
Q4 25
$3.1B
$3.1B
Q3 25
$3.3B
$3.0B
Q2 25
$3.2B
$2.9B
Q1 25
$3.4B
Q4 24
$3.3B
$2.7B
Q3 24
$3.5B
Q2 24
$3.6B
Q1 24
$3.5B
Stockholders' Equity
IHS
IHS
KOS
KOS
Q4 25
$-89.8M
$528.6M
Q3 25
$38.1M
$898.8M
Q2 25
$-98.4M
$1.0B
Q1 25
$-184.4M
$1.1B
Q4 24
$-314.4M
$1.2B
Q3 24
$-284.7M
$1.2B
Q2 24
$-308.3M
$1.1B
Q1 24
$-163.2M
$1.1B
Total Assets
IHS
IHS
KOS
KOS
Q4 25
$4.5B
$4.7B
Q3 25
$4.7B
$5.1B
Q2 25
$4.5B
$5.2B
Q1 25
$4.4B
$5.3B
Q4 24
$4.2B
$5.3B
Q3 24
$4.6B
$5.5B
Q2 24
$4.5B
$5.4B
Q1 24
$4.6B
$5.4B
Debt / Equity
IHS
IHS
KOS
KOS
Q4 25
5.78×
Q3 25
85.85×
3.31×
Q2 25
2.80×
Q1 25
Q4 24
2.29×
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
IHS
IHS
KOS
KOS
Operating Cash FlowLast quarter
$246.9M
$35.3M
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
IHS
IHS
KOS
KOS
Q4 25
$246.9M
$35.3M
Q3 25
$251.3M
$-27.6M
Q2 25
$237.7M
$127.2M
Q1 25
$200.3M
$-888.0K
Q4 24
$344.4M
$175.7M
Q3 24
$174.5M
$6.3M
Q2 24
$134.7M
$223.7M
Q1 24
$75.8M
$272.6M
Free Cash Flow
IHS
IHS
KOS
KOS
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
IHS
IHS
KOS
KOS
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
IHS
IHS
KOS
KOS
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
IHS
IHS
KOS
KOS
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
Q4 24
Q3 24
0.14×
Q2 24
3.74×
Q1 24
2.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

KOS
KOS

Ghana Segment$134.6M46%
Gulf Of America$80.7M27%
Mauritania And Senegal$54.9M19%
Equatorial Guinea Segment$24.3M8%

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