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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.

Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $254.0M, roughly 1.2× IHS Holding Ltd). On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $122.9M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% 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.

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

IHS vs LOPE — Head-to-Head

Bigger by revenue
LOPE
LOPE
1.2× larger
LOPE
$308.1M
$254.0M
IHS
Growing faster (revenue YoY)
LOPE
LOPE
+5.2% gap
LOPE
5.3%
0.1%
IHS
More free cash flow
IHS
IHS
$55.7M more FCF
IHS
$178.6M
$122.9M
LOPE
Faster 2-yr revenue CAGR
LOPE
LOPE
Annualised
LOPE
5.9%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
LOPE
LOPE
Revenue
$254.0M
$308.1M
Net Profit
$86.7M
Gross Margin
83.6%
Operating Margin
35.1%
Net Margin
28.1%
Revenue YoY
0.1%
5.3%
Net Profit YoY
5.9%
EPS (diluted)
$3.13

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
LOPE
LOPE
Q4 25
$254.0M
$308.1M
Q3 25
$455.1M
$261.1M
Q2 25
$433.3M
$247.5M
Q1 25
$439.6M
$289.3M
Q4 24
$253.8M
$292.6M
Q3 24
$420.3M
$238.3M
Q2 24
$435.4M
$227.5M
Q1 24
$417.7M
$274.7M
Net Profit
IHS
IHS
LOPE
LOPE
Q4 25
$86.7M
Q3 25
$147.4M
$16.3M
Q2 25
$32.3M
$41.5M
Q1 25
$30.7M
$71.6M
Q4 24
$81.9M
Q3 24
$-205.7M
$41.5M
Q2 24
$-124.3M
$34.9M
Q1 24
$-1.6B
$68.0M
Gross Margin
IHS
IHS
LOPE
LOPE
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
LOPE
LOPE
Q4 25
35.1%
Q3 25
35.1%
6.9%
Q2 25
33.8%
20.9%
Q1 25
37.1%
30.4%
Q4 24
34.2%
Q3 24
29.9%
20.2%
Q2 24
34.0%
18.8%
Q1 24
-1.7%
30.8%
Net Margin
IHS
IHS
LOPE
LOPE
Q4 25
28.1%
Q3 25
32.4%
6.2%
Q2 25
7.5%
16.8%
Q1 25
7.0%
24.8%
Q4 24
28.0%
Q3 24
-48.9%
17.4%
Q2 24
-28.5%
15.3%
Q1 24
-372.8%
24.8%
EPS (diluted)
IHS
IHS
LOPE
LOPE
Q4 25
$3.13
Q3 25
$0.44
$0.58
Q2 25
$0.10
$1.48
Q1 25
$0.10
$2.52
Q4 24
$2.83
Q3 24
$-0.61
$1.42
Q2 24
$-0.36
$1.19
Q1 24
$-4.67
$2.29

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
LOPE
LOPE
Cash + ST InvestmentsLiquidity on hand
$825.7M
$111.8M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$746.9M
Total Assets
$4.5B
$992.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
LOPE
LOPE
Q4 25
$825.7M
$111.8M
Q3 25
$647.6M
$97.3M
Q2 25
$531.8M
$192.3M
Q1 25
$629.0M
$144.5M
Q4 24
$578.0M
$324.6M
Q3 24
$397.5M
$263.6M
Q2 24
$445.7M
$241.3M
Q1 24
$333.2M
$196.2M
Total Debt
IHS
IHS
LOPE
LOPE
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
LOPE
LOPE
Q4 25
$-89.8M
$746.9M
Q3 25
$38.1M
$758.0M
Q2 25
$-98.4M
$778.0M
Q1 25
$-184.4M
$780.7M
Q4 24
$-314.4M
$783.9M
Q3 24
$-284.7M
$764.1M
Q2 24
$-308.3M
$759.2M
Q1 24
$-163.2M
$759.4M
Total Assets
IHS
IHS
LOPE
LOPE
Q4 25
$4.5B
$992.3M
Q3 25
$4.7B
$1.0B
Q2 25
$4.5B
$1.0B
Q1 25
$4.4B
$1.0B
Q4 24
$4.2B
$1.0B
Q3 24
$4.6B
$992.9M
Q2 24
$4.5B
$992.7M
Q1 24
$4.6B
$1.0B
Debt / Equity
IHS
IHS
LOPE
LOPE
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
LOPE
LOPE
Operating Cash FlowLast quarter
$246.9M
$130.5M
Free Cash FlowOCF − Capex
$178.6M
$122.9M
FCF MarginFCF / Revenue
70.3%
39.9%
Capex IntensityCapex / Revenue
26.9%
2.5%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
LOPE
LOPE
Q4 25
$246.9M
$130.5M
Q3 25
$251.3M
$-48.6M
Q2 25
$237.7M
$124.0M
Q1 25
$200.3M
$67.6M
Q4 24
$344.4M
$135.8M
Q3 24
$174.5M
$-29.4M
Q2 24
$134.7M
$98.6M
Q1 24
$75.8M
$85.0M
Free Cash Flow
IHS
IHS
LOPE
LOPE
Q4 25
$178.6M
$122.9M
Q3 25
$189.2M
$-58.3M
Q2 25
$197.7M
$115.4M
Q1 25
$153.2M
$58.7M
Q4 24
$282.9M
$126.1M
Q3 24
$122.3M
$-39.0M
Q2 24
$74.2M
$89.6M
Q1 24
$14.8M
$76.0M
FCF Margin
IHS
IHS
LOPE
LOPE
Q4 25
70.3%
39.9%
Q3 25
41.6%
-22.3%
Q2 25
45.6%
46.6%
Q1 25
34.8%
20.3%
Q4 24
111.5%
43.1%
Q3 24
29.1%
-16.3%
Q2 24
17.0%
39.4%
Q1 24
3.5%
27.7%
Capex Intensity
IHS
IHS
LOPE
LOPE
Q4 25
26.9%
2.5%
Q3 25
13.6%
3.7%
Q2 25
9.2%
3.5%
Q1 25
10.7%
3.1%
Q4 24
24.2%
3.3%
Q3 24
12.4%
4.0%
Q2 24
13.9%
3.9%
Q1 24
14.6%
3.3%
Cash Conversion
IHS
IHS
LOPE
LOPE
Q4 25
1.50×
Q3 25
1.70×
-2.99×
Q2 25
7.36×
2.98×
Q1 25
6.52×
0.94×
Q4 24
1.66×
Q3 24
-0.71×
Q2 24
2.83×
Q1 24
1.25×

Financial Flow Comparison

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

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