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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Enpro Inc. (NPO). Click either name above to swap in a different company.

Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $254.0M, roughly 1.2× IHS Holding Ltd). On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 0.1%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% 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.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

IHS vs NPO — Head-to-Head

Bigger by revenue
NPO
NPO
1.2× larger
NPO
$295.4M
$254.0M
IHS
Growing faster (revenue YoY)
NPO
NPO
+14.2% gap
NPO
14.3%
0.1%
IHS
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
NPO
NPO
Revenue
$254.0M
$295.4M
Net Profit
$-32.0M
Gross Margin
83.6%
42.1%
Operating Margin
11.2%
Net Margin
-10.8%
Revenue YoY
0.1%
14.3%
Net Profit YoY
-330.2%
EPS (diluted)
$-1.50

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
NPO
NPO
Q4 25
$254.0M
$295.4M
Q3 25
$455.1M
$286.6M
Q2 25
$433.3M
$288.1M
Q1 25
$439.6M
$273.2M
Q4 24
$253.8M
$258.4M
Q3 24
$420.3M
$260.9M
Q2 24
$435.4M
$271.9M
Q1 24
$417.7M
$257.5M
Net Profit
IHS
IHS
NPO
NPO
Q4 25
$-32.0M
Q3 25
$147.4M
$21.6M
Q2 25
$32.3M
$26.4M
Q1 25
$30.7M
$24.5M
Q4 24
$13.9M
Q3 24
$-205.7M
$19.8M
Q2 24
$-124.3M
$26.7M
Q1 24
$-1.6B
$12.5M
Gross Margin
IHS
IHS
NPO
NPO
Q4 25
83.6%
42.1%
Q3 25
47.5%
41.9%
Q2 25
51.3%
43.3%
Q1 25
51.4%
43.3%
Q4 24
72.1%
42.3%
Q3 24
52.0%
42.3%
Q2 24
52.5%
43.8%
Q1 24
39.1%
41.2%
Operating Margin
IHS
IHS
NPO
NPO
Q4 25
11.2%
Q3 25
35.1%
14.3%
Q2 25
33.8%
15.9%
Q1 25
37.1%
15.3%
Q4 24
12.5%
Q3 24
29.9%
13.1%
Q2 24
34.0%
17.7%
Q1 24
-1.7%
10.9%
Net Margin
IHS
IHS
NPO
NPO
Q4 25
-10.8%
Q3 25
32.4%
7.5%
Q2 25
7.5%
9.2%
Q1 25
7.0%
9.0%
Q4 24
5.4%
Q3 24
-48.9%
7.6%
Q2 24
-28.5%
9.8%
Q1 24
-372.8%
4.9%
EPS (diluted)
IHS
IHS
NPO
NPO
Q4 25
$-1.50
Q3 25
$0.44
$1.01
Q2 25
$0.10
$1.25
Q1 25
$0.10
$1.15
Q4 24
$0.65
Q3 24
$-0.61
$0.94
Q2 24
$-0.36
$1.27
Q1 24
$-4.67
$0.59

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$825.7M
$114.7M
Total DebtLower is stronger
$3.1B
$655.3M
Stockholders' EquityBook value
$-89.8M
$1.5B
Total Assets
$4.5B
$2.7B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
NPO
NPO
Q4 25
$825.7M
$114.7M
Q3 25
$647.6M
$132.9M
Q2 25
$531.8M
$107.1M
Q1 25
$629.0M
$240.3M
Q4 24
$578.0M
$236.3M
Q3 24
$397.5M
$206.9M
Q2 24
$445.7M
$175.9M
Q1 24
$333.2M
$163.9M
Total Debt
IHS
IHS
NPO
NPO
Q4 25
$3.1B
$655.3M
Q3 25
$3.3B
Q2 25
$3.2B
Q1 25
$3.4B
Q4 24
$3.3B
$640.1M
Q3 24
$3.5B
Q2 24
$3.6B
Q1 24
$3.5B
$644.9M
Stockholders' Equity
IHS
IHS
NPO
NPO
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
$1.5B
Q2 24
$-308.3M
$1.4B
Q1 24
$-163.2M
$1.4B
Total Assets
IHS
IHS
NPO
NPO
Q4 25
$4.5B
$2.7B
Q3 25
$4.7B
$2.4B
Q2 25
$4.5B
$2.4B
Q1 25
$4.4B
$2.5B
Q4 24
$4.2B
$2.5B
Q3 24
$4.6B
$2.5B
Q2 24
$4.5B
$2.5B
Q1 24
$4.6B
$2.5B
Debt / Equity
IHS
IHS
NPO
NPO
Q4 25
0.42×
Q3 25
85.85×
Q2 25
Q1 25
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.46×

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
NPO
NPO
Operating Cash FlowLast quarter
$246.9M
Free Cash FlowOCF − Capex
$178.6M
FCF MarginFCF / Revenue
70.3%
Capex IntensityCapex / Revenue
26.9%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
NPO
NPO
Q4 25
$246.9M
Q3 25
$251.3M
$65.3M
Q2 25
$237.7M
$52.2M
Q1 25
$200.3M
$21.0M
Q4 24
$344.4M
$59.4M
Q3 24
$174.5M
$54.0M
Q2 24
$134.7M
$43.2M
Q1 24
$75.8M
$6.3M
Free Cash Flow
IHS
IHS
NPO
NPO
Q4 25
$178.6M
Q3 25
$189.2M
$53.4M
Q2 25
$197.7M
$42.3M
Q1 25
$153.2M
$13.0M
Q4 24
$282.9M
$49.1M
Q3 24
$122.3M
$48.3M
Q2 24
$74.2M
$38.3M
Q1 24
$14.8M
$-1.9M
FCF Margin
IHS
IHS
NPO
NPO
Q4 25
70.3%
Q3 25
41.6%
18.6%
Q2 25
45.6%
14.7%
Q1 25
34.8%
4.8%
Q4 24
111.5%
19.0%
Q3 24
29.1%
18.5%
Q2 24
17.0%
14.1%
Q1 24
3.5%
-0.7%
Capex Intensity
IHS
IHS
NPO
NPO
Q4 25
26.9%
4.1%
Q3 25
13.6%
4.2%
Q2 25
9.2%
3.4%
Q1 25
10.7%
2.9%
Q4 24
24.2%
4.0%
Q3 24
12.4%
2.2%
Q2 24
13.9%
1.8%
Q1 24
14.6%
3.2%
Cash Conversion
IHS
IHS
NPO
NPO
Q4 25
Q3 25
1.70×
3.02×
Q2 25
7.36×
1.98×
Q1 25
6.52×
0.86×
Q4 24
4.27×
Q3 24
2.73×
Q2 24
1.62×
Q1 24
0.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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