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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $145.8M, roughly 1.7× LATTICE SEMICONDUCTOR CORP). On growth, LATTICE SEMICONDUCTOR CORP posted the faster year-over-year revenue change (9.3% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $44.0M). Over the past eight quarters, LATTICE SEMICONDUCTOR CORP's revenue compounded faster (8.4% 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.

Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low power field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in San Jose, Calif., Shanghai, Manila, Penang, and Singapore. Lattice Semiconductor has more than 1000 employees and an annual revenue of more than $660 million as of 2022. The company was founded in 1983 and went public in 1989. It ...

IHS vs LSCC — Head-to-Head

Bigger by revenue
IHS
IHS
1.7× larger
IHS
$254.0M
$145.8M
LSCC
Growing faster (revenue YoY)
LSCC
LSCC
+9.2% gap
LSCC
9.3%
0.1%
IHS
More free cash flow
IHS
IHS
$134.6M more FCF
IHS
$178.6M
$44.0M
LSCC
Faster 2-yr revenue CAGR
LSCC
LSCC
Annualised
LSCC
8.4%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IHS
IHS
LSCC
LSCC
Revenue
$254.0M
$145.8M
Net Profit
$-7.6M
Gross Margin
83.6%
68.5%
Operating Margin
30.7%
Net Margin
-5.2%
Revenue YoY
0.1%
9.3%
Net Profit YoY
14.6%
EPS (diluted)
$-0.06

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
LSCC
LSCC
Q1 26
$145.8M
Q4 25
$254.0M
Q3 25
$455.1M
$133.3M
Q2 25
$433.3M
$124.0M
Q1 25
$439.6M
$120.2M
Q4 24
$253.8M
$117.4M
Q3 24
$420.3M
$127.1M
Q2 24
$435.4M
$124.1M
Net Profit
IHS
IHS
LSCC
LSCC
Q1 26
$-7.6M
Q4 25
Q3 25
$147.4M
$2.8M
Q2 25
$32.3M
$2.9M
Q1 25
$30.7M
$5.0M
Q4 24
$16.5M
Q3 24
$-205.7M
$7.2M
Q2 24
$-124.3M
$22.6M
Gross Margin
IHS
IHS
LSCC
LSCC
Q1 26
68.5%
Q4 25
83.6%
Q3 25
47.5%
67.9%
Q2 25
51.3%
68.4%
Q1 25
51.4%
68.0%
Q4 24
72.1%
61.1%
Q3 24
52.0%
69.0%
Q2 24
52.5%
68.3%
Operating Margin
IHS
IHS
LSCC
LSCC
Q1 26
0.7%
Q4 25
Q3 25
35.1%
-1.2%
Q2 25
33.8%
3.8%
Q1 25
37.1%
5.8%
Q4 24
-10.4%
Q3 24
29.9%
5.9%
Q2 24
34.0%
18.2%
Net Margin
IHS
IHS
LSCC
LSCC
Q1 26
-5.2%
Q4 25
Q3 25
32.4%
2.1%
Q2 25
7.5%
2.3%
Q1 25
7.0%
4.2%
Q4 24
14.1%
Q3 24
-48.9%
5.7%
Q2 24
-28.5%
18.2%
EPS (diluted)
IHS
IHS
LSCC
LSCC
Q1 26
$-0.06
Q4 25
Q3 25
$0.44
$0.02
Q2 25
$0.10
$0.02
Q1 25
$0.10
$0.04
Q4 24
$0.12
Q3 24
$-0.61
$0.05
Q2 24
$-0.36
$0.16

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
LSCC
LSCC
Cash + ST InvestmentsLiquidity on hand
$825.7M
$133.9M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$714.1M
Total Assets
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
LSCC
LSCC
Q1 26
$133.9M
Q4 25
$825.7M
Q3 25
$647.6M
$117.9M
Q2 25
$531.8M
$107.2M
Q1 25
$629.0M
$127.6M
Q4 24
$578.0M
$136.3M
Q3 24
$397.5M
$124.3M
Q2 24
$445.7M
$109.2M
Total Debt
IHS
IHS
LSCC
LSCC
Q1 26
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
Stockholders' Equity
IHS
IHS
LSCC
LSCC
Q1 26
$714.1M
Q4 25
$-89.8M
Q3 25
$38.1M
$706.4M
Q2 25
$-98.4M
$687.0M
Q1 25
$-184.4M
$707.9M
Q4 24
$-314.4M
$710.9M
Q3 24
$-284.7M
$703.5M
Q2 24
$-308.3M
$698.8M
Total Assets
IHS
IHS
LSCC
LSCC
Q1 26
$883.1M
Q4 25
$4.5B
Q3 25
$4.7B
$844.4M
Q2 25
$4.5B
$808.6M
Q1 25
$4.4B
$823.6M
Q4 24
$4.2B
$843.9M
Q3 24
$4.6B
$853.7M
Q2 24
$4.5B
$827.5M
Debt / Equity
IHS
IHS
LSCC
LSCC
Q1 26
Q4 25
Q3 25
85.85×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
LSCC
LSCC
Operating Cash FlowLast quarter
$246.9M
$57.6M
Free Cash FlowOCF − Capex
$178.6M
$44.0M
FCF MarginFCF / Revenue
70.3%
30.2%
Capex IntensityCapex / Revenue
26.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$153.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
LSCC
LSCC
Q1 26
$57.6M
Q4 25
$246.9M
Q3 25
$251.3M
$47.1M
Q2 25
$237.7M
$38.5M
Q1 25
$200.3M
$31.9M
Q4 24
$344.4M
$45.4M
Q3 24
$174.5M
$44.0M
Q2 24
$134.7M
$21.9M
Free Cash Flow
IHS
IHS
LSCC
LSCC
Q1 26
$44.0M
Q4 25
$178.6M
Q3 25
$189.2M
$34.0M
Q2 25
$197.7M
$31.3M
Q1 25
$153.2M
$23.3M
Q4 24
$282.9M
$39.7M
Q3 24
$122.3M
$39.4M
Q2 24
$74.2M
$14.8M
FCF Margin
IHS
IHS
LSCC
LSCC
Q1 26
30.2%
Q4 25
70.3%
Q3 25
41.6%
25.5%
Q2 25
45.6%
25.2%
Q1 25
34.8%
19.4%
Q4 24
111.5%
33.8%
Q3 24
29.1%
31.0%
Q2 24
17.0%
11.9%
Capex Intensity
IHS
IHS
LSCC
LSCC
Q1 26
9.3%
Q4 25
26.9%
Q3 25
13.6%
9.8%
Q2 25
9.2%
5.8%
Q1 25
10.7%
7.2%
Q4 24
24.2%
4.9%
Q3 24
12.4%
3.7%
Q2 24
13.9%
5.8%
Cash Conversion
IHS
IHS
LSCC
LSCC
Q1 26
Q4 25
Q3 25
1.70×
16.86×
Q2 25
7.36×
13.23×
Q1 25
6.52×
6.35×
Q4 24
2.75×
Q3 24
6.12×
Q2 24
0.97×

Financial Flow Comparison

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

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