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Side-by-side financial comparison of IHS Holding Ltd (IHS) and loanDepot, Inc. (LDI). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $254.0M, roughly 1.2× IHS Holding Ltd). On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% 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.
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
IHS vs LDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $310.3M |
| Net Profit | — | $-22.5M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | -10.3% |
| Net Margin | — | -7.2% |
| Revenue YoY | 0.1% | 20.5% |
| Net Profit YoY | — | 32.4% |
| EPS (diluted) | — | — |
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.
| Q4 25 | $254.0M | $310.3M | ||
| Q3 25 | $455.1M | $323.3M | ||
| Q2 25 | $433.3M | $282.5M | ||
| Q1 25 | $439.6M | $273.6M | ||
| Q4 24 | $253.8M | $257.5M | ||
| Q3 24 | $420.3M | $314.6M | ||
| Q2 24 | $435.4M | $265.4M | ||
| Q1 24 | $417.7M | $222.8M |
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $147.4M | $-4.9M | ||
| Q2 25 | $32.3M | $-13.4M | ||
| Q1 25 | $30.7M | $-21.9M | ||
| Q4 24 | — | $-33.2M | ||
| Q3 24 | $-205.7M | $1.4M | ||
| Q2 24 | $-124.3M | $-32.2M | ||
| Q1 24 | $-1.6B | $-34.3M |
| 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% | — |
| Q4 25 | — | -10.3% | ||
| Q3 25 | 35.1% | -3.2% | ||
| Q2 25 | 33.8% | -11.4% | ||
| Q1 25 | 37.1% | -16.8% | ||
| Q4 24 | — | -32.7% | ||
| Q3 24 | 29.9% | 1.1% | ||
| Q2 24 | 34.0% | -29.1% | ||
| Q1 24 | -1.7% | -38.2% |
| Q4 25 | — | -7.2% | ||
| Q3 25 | 32.4% | -1.5% | ||
| Q2 25 | 7.5% | -4.7% | ||
| Q1 25 | 7.0% | -8.0% | ||
| Q4 24 | — | -12.9% | ||
| Q3 24 | -48.9% | 0.4% | ||
| Q2 24 | -28.5% | -12.1% | ||
| Q1 24 | -372.8% | -15.4% |
| Q4 25 | — | — | ||
| Q3 25 | $0.44 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.61 | $0.01 | ||
| Q2 24 | $-0.36 | $-0.18 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $825.7M | $337.2M |
| Total DebtLower is stronger | $3.1B | $2.1B |
| Stockholders' EquityBook value | $-89.8M | $386.0M |
| Total Assets | $4.5B | $6.9B |
| Debt / EquityLower = less leverage | — | 5.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $337.2M | ||
| Q3 25 | $647.6M | $459.2M | ||
| Q2 25 | $531.8M | $408.6M | ||
| Q1 25 | $629.0M | $371.5M | ||
| Q4 24 | $578.0M | $421.6M | ||
| Q3 24 | $397.5M | $483.0M | ||
| Q2 24 | $445.7M | $533.2M | ||
| Q1 24 | $333.2M | $603.7M |
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.4B | $2.0B | ||
| Q4 24 | $3.3B | $2.0B | ||
| Q3 24 | $3.5B | $2.0B | ||
| Q2 24 | $3.6B | $2.0B | ||
| Q1 24 | $3.5B | $2.3B |
| Q4 25 | $-89.8M | $386.0M | ||
| Q3 25 | $38.1M | $433.3M | ||
| Q2 25 | $-98.4M | $439.1M | ||
| Q1 25 | $-184.4M | $469.3M | ||
| Q4 24 | $-314.4M | $506.6M | ||
| Q3 24 | $-284.7M | $592.0M | ||
| Q2 24 | $-308.3M | $578.9M | ||
| Q1 24 | $-163.2M | $637.3M |
| Q4 25 | $4.5B | $6.9B | ||
| Q3 25 | $4.7B | $6.2B | ||
| Q2 25 | $4.5B | $6.2B | ||
| Q1 25 | $4.4B | $6.4B | ||
| Q4 24 | $4.2B | $6.3B | ||
| Q3 24 | $4.6B | $6.4B | ||
| Q2 24 | $4.5B | $5.9B | ||
| Q1 24 | $4.6B | $6.2B |
| Q4 25 | — | 5.44× | ||
| Q3 25 | 85.85× | 4.83× | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | — | 4.30× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 3.41× | ||
| Q1 24 | — | 3.63× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $246.9M | $-638.7M |
| Free Cash FlowOCF − Capex | $178.6M | $-648.0M |
| FCF MarginFCF / Revenue | 70.3% | -208.9% |
| Capex IntensityCapex / Revenue | 26.9% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $-734.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $-638.7M | ||
| Q3 25 | $251.3M | $43.4M | ||
| Q2 25 | $237.7M | $67.6M | ||
| Q1 25 | $200.3M | $-179.9M | ||
| Q4 24 | $344.4M | $47.7M | ||
| Q3 24 | $174.5M | $-349.2M | ||
| Q2 24 | $134.7M | $-278.3M | ||
| Q1 24 | $75.8M | $-278.5M |
| Q4 25 | $178.6M | $-648.0M | ||
| Q3 25 | $189.2M | $38.7M | ||
| Q2 25 | $197.7M | $61.4M | ||
| Q1 25 | $153.2M | $-186.7M | ||
| Q4 24 | $282.9M | $40.8M | ||
| Q3 24 | $122.3M | $-356.4M | ||
| Q2 24 | $74.2M | $-285.7M | ||
| Q1 24 | $14.8M | $-283.3M |
| Q4 25 | 70.3% | -208.9% | ||
| Q3 25 | 41.6% | 12.0% | ||
| Q2 25 | 45.6% | 21.7% | ||
| Q1 25 | 34.8% | -68.2% | ||
| Q4 24 | 111.5% | 15.8% | ||
| Q3 24 | 29.1% | -113.3% | ||
| Q2 24 | 17.0% | -107.7% | ||
| Q1 24 | 3.5% | -127.2% |
| Q4 25 | 26.9% | 3.0% | ||
| Q3 25 | 13.6% | 1.5% | ||
| Q2 25 | 9.2% | 2.2% | ||
| Q1 25 | 10.7% | 2.5% | ||
| Q4 24 | 24.2% | 2.7% | ||
| Q3 24 | 12.4% | 2.3% | ||
| Q2 24 | 13.9% | 2.8% | ||
| Q1 24 | 14.6% | 2.1% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 7.36× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -255.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
