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Side-by-side financial comparison of IHS Holding Ltd (IHS) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $254.0M, roughly 1.5× IHS Holding Ltd). On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $46.6M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% 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.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
IHS vs LFST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $382.2M |
| Net Profit | — | $11.7M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 4.7% |
| Net Margin | — | 3.1% |
| Revenue YoY | 0.1% | 17.4% |
| Net Profit YoY | — | 264.1% |
| 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 | $382.2M | ||
| Q3 25 | $455.1M | $363.8M | ||
| Q2 25 | $433.3M | $345.3M | ||
| Q1 25 | $439.6M | $333.0M | ||
| Q4 24 | $253.8M | $325.5M | ||
| Q3 24 | $420.3M | $312.7M | ||
| Q2 24 | $435.4M | $312.3M | ||
| Q1 24 | $417.7M | $300.4M |
| Q4 25 | — | $11.7M | ||
| Q3 25 | $147.4M | $1.1M | ||
| Q2 25 | $32.3M | $-3.8M | ||
| Q1 25 | $30.7M | $709.0K | ||
| Q4 24 | — | $-7.1M | ||
| Q3 24 | $-205.7M | $-6.0M | ||
| Q2 24 | $-124.3M | $-23.3M | ||
| Q1 24 | $-1.6B | $-21.1M |
| 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 | — | 4.7% | ||
| Q3 25 | 35.1% | 2.0% | ||
| Q2 25 | 33.8% | -0.9% | ||
| Q1 25 | 37.1% | 0.5% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 29.9% | 0.0% | ||
| Q2 24 | 34.0% | -5.1% | ||
| Q1 24 | -1.7% | -5.6% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 32.4% | 0.3% | ||
| Q2 25 | 7.5% | -1.1% | ||
| Q1 25 | 7.0% | 0.2% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | -48.9% | -1.9% | ||
| Q2 24 | -28.5% | -7.5% | ||
| Q1 24 | -372.8% | -7.0% |
| Q4 25 | — | — | ||
| Q3 25 | $0.44 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.61 | — | ||
| Q2 24 | $-0.36 | — | ||
| Q1 24 | $-4.67 | — |
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 | $248.6M |
| Total DebtLower is stronger | $3.1B | $282.8M |
| Stockholders' EquityBook value | $-89.8M | $1.5B |
| Total Assets | $4.5B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $248.6M | ||
| Q3 25 | $647.6M | $203.9M | ||
| Q2 25 | $531.8M | $188.9M | ||
| Q1 25 | $629.0M | $134.3M | ||
| Q4 24 | $578.0M | $154.6M | ||
| Q3 24 | $397.5M | $102.6M | ||
| Q2 24 | $445.7M | $87.0M | ||
| Q1 24 | $333.2M | $49.5M |
| Q4 25 | $3.1B | $282.8M | ||
| Q3 25 | $3.3B | $284.6M | ||
| Q2 25 | $3.2B | $286.4M | ||
| Q1 25 | $3.4B | $288.2M | ||
| Q4 24 | $3.3B | $290.0M | ||
| Q3 24 | $3.5B | $287.3M | ||
| Q2 24 | $3.6B | $288.0M | ||
| Q1 24 | $3.5B | $288.8M |
| Q4 25 | $-89.8M | $1.5B | ||
| Q3 25 | $38.1M | $1.5B | ||
| Q2 25 | $-98.4M | $1.5B | ||
| Q1 25 | $-184.4M | $1.5B | ||
| Q4 24 | $-314.4M | $1.4B | ||
| Q3 24 | $-284.7M | $1.4B | ||
| Q2 24 | $-308.3M | $1.4B | ||
| Q1 24 | $-163.2M | $1.4B |
| Q4 25 | $4.5B | $2.2B | ||
| Q3 25 | $4.7B | $2.1B | ||
| Q2 25 | $4.5B | $2.1B | ||
| Q1 25 | $4.4B | $2.1B | ||
| Q4 24 | $4.2B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $2.1B | ||
| Q1 24 | $4.6B | $2.1B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | 85.85× | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $57.6M |
| Free Cash FlowOCF − Capex | $178.6M | $46.6M |
| FCF MarginFCF / Revenue | 70.3% | 12.2% |
| Capex IntensityCapex / Revenue | 26.9% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $57.6M | ||
| Q3 25 | $251.3M | $27.3M | ||
| Q2 25 | $237.7M | $64.4M | ||
| Q1 25 | $200.3M | $-3.1M | ||
| Q4 24 | $344.4M | $62.3M | ||
| Q3 24 | $174.5M | $22.7M | ||
| Q2 24 | $134.7M | $44.1M | ||
| Q1 24 | $75.8M | $-21.8M |
| Q4 25 | $178.6M | $46.6M | ||
| Q3 25 | $189.2M | $17.0M | ||
| Q2 25 | $197.7M | $56.6M | ||
| Q1 25 | $153.2M | $-10.3M | ||
| Q4 24 | $282.9M | $56.0M | ||
| Q3 24 | $122.3M | $17.7M | ||
| Q2 24 | $74.2M | $39.0M | ||
| Q1 24 | $14.8M | $-26.9M |
| Q4 25 | 70.3% | 12.2% | ||
| Q3 25 | 41.6% | 4.7% | ||
| Q2 25 | 45.6% | 16.4% | ||
| Q1 25 | 34.8% | -3.1% | ||
| Q4 24 | 111.5% | 17.2% | ||
| Q3 24 | 29.1% | 5.7% | ||
| Q2 24 | 17.0% | 12.5% | ||
| Q1 24 | 3.5% | -9.0% |
| Q4 25 | 26.9% | 2.9% | ||
| Q3 25 | 13.6% | 2.8% | ||
| Q2 25 | 9.2% | 2.2% | ||
| Q1 25 | 10.7% | 2.2% | ||
| Q4 24 | 24.2% | 1.9% | ||
| Q3 24 | 12.4% | 1.6% | ||
| Q2 24 | 13.9% | 1.6% | ||
| Q1 24 | 14.6% | 1.7% |
| Q4 25 | — | 4.93× | ||
| Q3 25 | 1.70× | 25.34× | ||
| Q2 25 | 7.36× | — | ||
| Q1 25 | 6.52× | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
