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Side-by-side financial comparison of IHS Holding Ltd (IHS) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.

KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $254.0M, roughly 1.1× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $178.6M). Over the past eight quarters, KILROY REALTY CORP's revenue compounded faster (-1.2% 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.

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

IHS vs KRC — Head-to-Head

Bigger by revenue
KRC
KRC
1.1× larger
KRC
$272.2M
$254.0M
IHS
Growing faster (revenue YoY)
IHS
IHS
+5.0% gap
IHS
0.1%
-5.0%
KRC
More free cash flow
KRC
KRC
$271.7M more FCF
KRC
$450.3M
$178.6M
IHS
Faster 2-yr revenue CAGR
KRC
KRC
Annualised
KRC
-1.2%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
KRC
KRC
Revenue
$254.0M
$272.2M
Net Profit
$17.1M
Gross Margin
83.6%
Operating Margin
Net Margin
6.3%
Revenue YoY
0.1%
-5.0%
Net Profit YoY
-73.7%
EPS (diluted)
$0.11

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
KRC
KRC
Q4 25
$254.0M
$272.2M
Q3 25
$455.1M
$279.7M
Q2 25
$433.3M
$289.9M
Q1 25
$439.6M
$270.8M
Q4 24
$253.8M
$286.4M
Q3 24
$420.3M
$289.9M
Q2 24
$435.4M
$280.7M
Q1 24
$417.7M
$278.6M
Net Profit
IHS
IHS
KRC
KRC
Q4 25
$17.1M
Q3 25
$147.4M
$162.3M
Q2 25
$32.3M
$79.6M
Q1 25
$30.7M
$43.7M
Q4 24
$65.0M
Q3 24
$-205.7M
$57.7M
Q2 24
$-124.3M
$54.5M
Q1 24
$-1.6B
$55.7M
Gross Margin
IHS
IHS
KRC
KRC
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
KRC
KRC
Q4 25
Q3 25
35.1%
Q2 25
33.8%
Q1 25
37.1%
Q4 24
Q3 24
29.9%
Q2 24
34.0%
Q1 24
-1.7%
Net Margin
IHS
IHS
KRC
KRC
Q4 25
6.3%
Q3 25
32.4%
58.0%
Q2 25
7.5%
27.4%
Q1 25
7.0%
16.1%
Q4 24
22.7%
Q3 24
-48.9%
19.9%
Q2 24
-28.5%
19.4%
Q1 24
-372.8%
20.0%
EPS (diluted)
IHS
IHS
KRC
KRC
Q4 25
$0.11
Q3 25
$0.44
$1.31
Q2 25
$0.10
$0.57
Q1 25
$0.10
$0.33
Q4 24
$0.50
Q3 24
$-0.61
$0.44
Q2 24
$-0.36
$0.41
Q1 24
$-4.67
$0.42

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
KRC
KRC
Cash + ST InvestmentsLiquidity on hand
$825.7M
$179.3M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$5.4B
Total Assets
$4.5B
$10.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
KRC
KRC
Q4 25
$825.7M
$179.3M
Q3 25
$647.6M
$372.4M
Q2 25
$531.8M
$193.1M
Q1 25
$629.0M
$146.7M
Q4 24
$578.0M
$165.7M
Q3 24
$397.5M
$625.4M
Q2 24
$445.7M
$835.9M
Q1 24
$333.2M
$855.0M
Total Debt
IHS
IHS
KRC
KRC
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
IHS
IHS
KRC
KRC
Q4 25
$-89.8M
$5.4B
Q3 25
$38.1M
$5.5B
Q2 25
$-98.4M
$5.4B
Q1 25
$-184.4M
$5.4B
Q4 24
$-314.4M
$5.4B
Q3 24
$-284.7M
$5.4B
Q2 24
$-308.3M
$5.4B
Q1 24
$-163.2M
$5.4B
Total Assets
IHS
IHS
KRC
KRC
Q4 25
$4.5B
$10.9B
Q3 25
$4.7B
$11.0B
Q2 25
$4.5B
$10.9B
Q1 25
$4.4B
$10.9B
Q4 24
$4.2B
$10.9B
Q3 24
$4.6B
$11.4B
Q2 24
$4.5B
$11.5B
Q1 24
$4.6B
$11.6B
Debt / Equity
IHS
IHS
KRC
KRC
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
IHS
IHS
KRC
KRC
Operating Cash FlowLast quarter
$246.9M
$566.3M
Free Cash FlowOCF − Capex
$178.6M
$450.3M
FCF MarginFCF / Revenue
70.3%
165.4%
Capex IntensityCapex / Revenue
26.9%
42.6%
Cash ConversionOCF / Net Profit
33.10×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$833.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
KRC
KRC
Q4 25
$246.9M
$566.3M
Q3 25
$251.3M
$176.6M
Q2 25
$237.7M
$143.7M
Q1 25
$200.3M
$136.9M
Q4 24
$344.4M
$541.1M
Q3 24
$174.5M
$176.3M
Q2 24
$134.7M
$88.7M
Q1 24
$75.8M
$167.9M
Free Cash Flow
IHS
IHS
KRC
KRC
Q4 25
$178.6M
$450.3M
Q3 25
$189.2M
$148.7M
Q2 25
$197.7M
$118.4M
Q1 25
$153.2M
$115.6M
Q4 24
$282.9M
$440.8M
Q3 24
$122.3M
$147.2M
Q2 24
$74.2M
$69.5M
Q1 24
$14.8M
$151.9M
FCF Margin
IHS
IHS
KRC
KRC
Q4 25
70.3%
165.4%
Q3 25
41.6%
53.1%
Q2 25
45.6%
40.9%
Q1 25
34.8%
42.7%
Q4 24
111.5%
153.9%
Q3 24
29.1%
50.8%
Q2 24
17.0%
24.7%
Q1 24
3.5%
54.5%
Capex Intensity
IHS
IHS
KRC
KRC
Q4 25
26.9%
42.6%
Q3 25
13.6%
10.0%
Q2 25
9.2%
8.7%
Q1 25
10.7%
7.9%
Q4 24
24.2%
35.0%
Q3 24
12.4%
10.1%
Q2 24
13.9%
6.8%
Q1 24
14.6%
5.7%
Cash Conversion
IHS
IHS
KRC
KRC
Q4 25
33.10×
Q3 25
1.70×
1.09×
Q2 25
7.36×
1.81×
Q1 25
6.52×
3.13×
Q4 24
8.32×
Q3 24
3.06×
Q2 24
1.63×
Q1 24
3.01×

Financial Flow Comparison

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

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