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Side-by-side financial comparison of IHS Holding Ltd (IHS) and KRONOS WORLDWIDE INC (KRO). Click either name above to swap in a different company.

KRONOS WORLDWIDE INC is the larger business by last-quarter revenue ($418.3M vs $254.0M, roughly 1.6× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -1.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $81.9M). Over the past eight quarters, KRONOS WORLDWIDE INC's revenue compounded faster (-6.5% 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.

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

IHS vs KRO — Head-to-Head

Bigger by revenue
KRO
KRO
1.6× larger
KRO
$418.3M
$254.0M
IHS
Growing faster (revenue YoY)
IHS
IHS
+1.2% gap
IHS
0.1%
-1.1%
KRO
More free cash flow
IHS
IHS
$96.7M more FCF
IHS
$178.6M
$81.9M
KRO
Faster 2-yr revenue CAGR
KRO
KRO
Annualised
KRO
-6.5%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
KRO
KRO
Revenue
$254.0M
$418.3M
Net Profit
$-82.8M
Gross Margin
83.6%
-0.9%
Operating Margin
-15.1%
Net Margin
-19.8%
Revenue YoY
0.1%
-1.1%
Net Profit YoY
-527.3%
EPS (diluted)
$-0.72

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
KRO
KRO
Q4 25
$254.0M
$418.3M
Q3 25
$455.1M
$456.9M
Q2 25
$433.3M
$494.4M
Q1 25
$439.6M
$489.8M
Q4 24
$253.8M
$423.1M
Q3 24
$420.3M
$484.7M
Q2 24
$435.4M
$500.5M
Q1 24
$417.7M
$478.8M
Net Profit
IHS
IHS
KRO
KRO
Q4 25
$-82.8M
Q3 25
$147.4M
$-37.0M
Q2 25
$32.3M
$-9.2M
Q1 25
$30.7M
$18.1M
Q4 24
$-13.2M
Q3 24
$-205.7M
$71.8M
Q2 24
$-124.3M
$19.5M
Q1 24
$-1.6B
$8.1M
Gross Margin
IHS
IHS
KRO
KRO
Q4 25
83.6%
-0.9%
Q3 25
47.5%
10.3%
Q2 25
51.3%
12.7%
Q1 25
51.4%
21.8%
Q4 24
72.1%
20.4%
Q3 24
52.0%
20.9%
Q2 24
52.5%
20.0%
Q1 24
39.1%
14.9%
Operating Margin
IHS
IHS
KRO
KRO
Q4 25
-15.1%
Q3 25
35.1%
-4.2%
Q2 25
33.8%
1.5%
Q1 25
37.1%
7.8%
Q4 24
6.8%
Q3 24
29.9%
8.0%
Q2 24
34.0%
7.2%
Q1 24
-1.7%
4.1%
Net Margin
IHS
IHS
KRO
KRO
Q4 25
-19.8%
Q3 25
32.4%
-8.1%
Q2 25
7.5%
-1.9%
Q1 25
7.0%
3.7%
Q4 24
-3.1%
Q3 24
-48.9%
14.8%
Q2 24
-28.5%
3.9%
Q1 24
-372.8%
1.7%
EPS (diluted)
IHS
IHS
KRO
KRO
Q4 25
$-0.72
Q3 25
$0.44
$-0.32
Q2 25
$0.10
$-0.08
Q1 25
$0.10
$0.16
Q4 24
$-0.11
Q3 24
$-0.61
$0.62
Q2 24
$-0.36
$0.17
Q1 24
$-4.67
$0.07

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
KRO
KRO
Cash + ST InvestmentsLiquidity on hand
$825.7M
$33.2M
Total DebtLower is stronger
$3.1B
$557.4M
Stockholders' EquityBook value
$-89.8M
$751.1M
Total Assets
$4.5B
$1.8B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
KRO
KRO
Q4 25
$825.7M
$33.2M
Q3 25
$647.6M
$27.7M
Q2 25
$531.8M
$18.9M
Q1 25
$629.0M
$20.5M
Q4 24
$578.0M
$106.7M
Q3 24
$397.5M
$94.8M
Q2 24
$445.7M
$133.8M
Q1 24
$333.2M
$120.7M
Total Debt
IHS
IHS
KRO
KRO
Q4 25
$3.1B
$557.4M
Q3 25
$3.3B
$626.2M
Q2 25
$3.2B
$589.3M
Q1 25
$3.4B
$557.2M
Q4 24
$3.3B
$507.4M
Q3 24
$3.5B
$554.3M
Q2 24
$3.6B
$423.7M
Q1 24
$3.5B
$426.9M
Stockholders' Equity
IHS
IHS
KRO
KRO
Q4 25
$-89.8M
$751.1M
Q3 25
$38.1M
$804.7M
Q2 25
$-98.4M
$846.8M
Q1 25
$-184.4M
$847.0M
Q4 24
$-314.4M
$817.0M
Q3 24
$-284.7M
$847.4M
Q2 24
$-308.3M
$774.6M
Q1 24
$-163.2M
$774.4M
Total Assets
IHS
IHS
KRO
KRO
Q4 25
$4.5B
$1.8B
Q3 25
$4.7B
$1.9B
Q2 25
$4.5B
$1.9B
Q1 25
$4.4B
$1.9B
Q4 24
$4.2B
$1.9B
Q3 24
$4.6B
$1.9B
Q2 24
$4.5B
$1.7B
Q1 24
$4.6B
$1.7B
Debt / Equity
IHS
IHS
KRO
KRO
Q4 25
0.74×
Q3 25
85.85×
0.78×
Q2 25
0.70×
Q1 25
0.66×
Q4 24
0.62×
Q3 24
0.65×
Q2 24
0.55×
Q1 24
0.55×

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
KRO
KRO
Operating Cash FlowLast quarter
$246.9M
$92.1M
Free Cash FlowOCF − Capex
$178.6M
$81.9M
FCF MarginFCF / Revenue
70.3%
19.6%
Capex IntensityCapex / Revenue
26.9%
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$-40.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
KRO
KRO
Q4 25
$246.9M
$92.1M
Q3 25
$251.3M
$-7.9M
Q2 25
$237.7M
$20.7M
Q1 25
$200.3M
$-102.4M
Q4 24
$344.4M
$49.3M
Q3 24
$174.5M
$28.3M
Q2 24
$134.7M
$38.2M
Q1 24
$75.8M
$-43.3M
Free Cash Flow
IHS
IHS
KRO
KRO
Q4 25
$178.6M
$81.9M
Q3 25
$189.2M
$-17.4M
Q2 25
$197.7M
$9.5M
Q1 25
$153.2M
$-114.4M
Q4 24
$282.9M
$37.0M
Q3 24
$122.3M
$19.2M
Q2 24
$74.2M
$34.8M
Q1 24
$14.8M
$-48.0M
FCF Margin
IHS
IHS
KRO
KRO
Q4 25
70.3%
19.6%
Q3 25
41.6%
-3.8%
Q2 25
45.6%
1.9%
Q1 25
34.8%
-23.4%
Q4 24
111.5%
8.7%
Q3 24
29.1%
4.0%
Q2 24
17.0%
7.0%
Q1 24
3.5%
-10.0%
Capex Intensity
IHS
IHS
KRO
KRO
Q4 25
26.9%
2.4%
Q3 25
13.6%
2.1%
Q2 25
9.2%
2.3%
Q1 25
10.7%
2.4%
Q4 24
24.2%
2.9%
Q3 24
12.4%
1.9%
Q2 24
13.9%
0.7%
Q1 24
14.6%
1.0%
Cash Conversion
IHS
IHS
KRO
KRO
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
-5.66×
Q4 24
Q3 24
0.39×
Q2 24
1.96×
Q1 24
-5.35×

Financial Flow Comparison

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

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