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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($308.3M vs $254.0M, roughly 1.2× IHS Holding Ltd). On growth, Metallus Inc. posted the faster year-over-year revenue change (9.9% vs 0.1%). Over the past eight quarters, Metallus Inc.'s revenue compounded faster (2.3% 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.
IHS vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $308.3M |
| Net Profit | — | $5.4M |
| Gross Margin | 83.6% | 8.1% |
| Operating Margin | — | — |
| Net Margin | — | 1.8% |
| Revenue YoY | 0.1% | 9.9% |
| Net Profit YoY | — | 315.4% |
| EPS (diluted) | — | $0.13 |
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.
| Q1 26 | — | $308.3M | ||
| Q4 25 | $254.0M | $267.3M | ||
| Q3 25 | $455.1M | $305.9M | ||
| Q2 25 | $433.3M | $304.6M | ||
| Q1 25 | $439.6M | $280.5M | ||
| Q4 24 | $253.8M | $240.5M | ||
| Q3 24 | $420.3M | $227.2M | ||
| Q2 24 | $435.4M | $294.7M |
| Q1 26 | — | $5.4M | ||
| Q4 25 | — | $-14.3M | ||
| Q3 25 | $147.4M | $8.1M | ||
| Q2 25 | $32.3M | $3.7M | ||
| Q1 25 | $30.7M | $1.3M | ||
| Q4 24 | — | $-21.4M | ||
| Q3 24 | $-205.7M | $-5.9M | ||
| Q2 24 | $-124.3M | $4.6M |
| Q1 26 | — | 8.1% | ||
| Q4 25 | 83.6% | 2.2% | ||
| Q3 25 | 47.5% | 11.4% | ||
| Q2 25 | 51.3% | 10.6% | ||
| Q1 25 | 51.4% | 7.8% | ||
| Q4 24 | 72.1% | 4.5% | ||
| Q3 24 | 52.0% | 5.3% | ||
| Q2 24 | 52.5% | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | -7.7% | ||
| Q3 25 | 35.1% | 3.6% | ||
| Q2 25 | 33.8% | 2.8% | ||
| Q1 25 | 37.1% | 1.0% | ||
| Q4 24 | — | -10.1% | ||
| Q3 24 | 29.9% | -3.1% | ||
| Q2 24 | 34.0% | 2.1% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | -5.3% | ||
| Q3 25 | 32.4% | 2.6% | ||
| Q2 25 | 7.5% | 1.2% | ||
| Q1 25 | 7.0% | 0.5% | ||
| Q4 24 | — | -8.9% | ||
| Q3 24 | -48.9% | -2.6% | ||
| Q2 24 | -28.5% | 1.6% |
| Q1 26 | — | $0.13 | ||
| Q4 25 | — | $-0.34 | ||
| Q3 25 | $0.44 | $0.19 | ||
| Q2 25 | $0.10 | $0.09 | ||
| Q1 25 | $0.10 | $0.03 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | $-0.61 | $-0.13 | ||
| Q2 24 | $-0.36 | $0.10 |
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 | $104.0M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $683.0M |
| Total Assets | $4.5B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $104.0M | ||
| Q4 25 | $825.7M | $156.7M | ||
| Q3 25 | $647.6M | $191.5M | ||
| Q2 25 | $531.8M | $190.8M | ||
| Q1 25 | $629.0M | $180.3M | ||
| Q4 24 | $578.0M | $240.7M | ||
| Q3 24 | $397.5M | $254.6M | ||
| Q2 24 | $445.7M | $272.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.3B | $0 | ||
| Q2 25 | $3.2B | $0 | ||
| Q1 25 | $3.4B | $5.4M | ||
| Q4 24 | $3.3B | $5.4M | ||
| Q3 24 | $3.5B | $13.2M | ||
| Q2 24 | $3.6B | $13.2M |
| Q1 26 | — | $683.0M | ||
| Q4 25 | $-89.8M | $686.0M | ||
| Q3 25 | $38.1M | $697.7M | ||
| Q2 25 | $-98.4M | $690.0M | ||
| Q1 25 | $-184.4M | $686.1M | ||
| Q4 24 | $-314.4M | $690.5M | ||
| Q3 24 | $-284.7M | $712.7M | ||
| Q2 24 | $-308.3M | $736.3M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $4.5B | $1.1B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.5B | $1.1B | ||
| Q1 25 | $4.4B | $1.1B | ||
| Q4 24 | $4.2B | $1.1B | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $4.5B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× |
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 | — |
| Free Cash FlowOCF − Capex | $178.6M | — |
| FCF MarginFCF / Revenue | 70.3% | — |
| Capex IntensityCapex / Revenue | 26.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $246.9M | $-1.9M | ||
| Q3 25 | $251.3M | $22.0M | ||
| Q2 25 | $237.7M | $34.8M | ||
| Q1 25 | $200.3M | $-38.9M | ||
| Q4 24 | $344.4M | $13.9M | ||
| Q3 24 | $174.5M | $-15.3M | ||
| Q2 24 | $134.7M | $8.3M |
| Q1 26 | — | — | ||
| Q4 25 | $178.6M | $-37.2M | ||
| Q3 25 | $189.2M | $-6.4M | ||
| Q2 25 | $197.7M | $17.0M | ||
| Q1 25 | $153.2M | $-66.4M | ||
| Q4 24 | $282.9M | $-1.3M | ||
| Q3 24 | $122.3M | $-32.9M | ||
| Q2 24 | $74.2M | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | 70.3% | -13.9% | ||
| Q3 25 | 41.6% | -2.1% | ||
| Q2 25 | 45.6% | 5.6% | ||
| Q1 25 | 34.8% | -23.7% | ||
| Q4 24 | 111.5% | -0.5% | ||
| Q3 24 | 29.1% | -14.5% | ||
| Q2 24 | 17.0% | -2.0% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 26.9% | 13.2% | ||
| Q3 25 | 13.6% | 9.3% | ||
| Q2 25 | 9.2% | 5.8% | ||
| Q1 25 | 10.7% | 9.8% | ||
| Q4 24 | 24.2% | 6.3% | ||
| Q3 24 | 12.4% | 7.7% | ||
| Q2 24 | 13.9% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | 2.72× | ||
| Q2 25 | 7.36× | 9.41× | ||
| Q1 25 | 6.52× | -29.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
