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Side-by-side financial comparison of IHS Holding Ltd (IHS) and NU SKIN ENTERPRISES, INC. (NUS). Click either name above to swap in a different company.

NU SKIN ENTERPRISES, INC. is the larger business by last-quarter revenue ($320.6M vs $254.0M, roughly 1.3× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -12.0%). Over the past eight quarters, NU SKIN ENTERPRISES, INC.'s revenue compounded faster (-14.5% 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.

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements. Under the Nu Skin and Pharmanex brands, the company sells its products in 54 markets through a network of approximately 1.2 million independent distributors.

IHS vs NUS — Head-to-Head

Bigger by revenue
NUS
NUS
1.3× larger
NUS
$320.6M
$254.0M
IHS
Growing faster (revenue YoY)
IHS
IHS
+12.1% gap
IHS
0.1%
-12.0%
NUS
Faster 2-yr revenue CAGR
NUS
NUS
Annualised
NUS
-14.5%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IHS
IHS
NUS
NUS
Revenue
$254.0M
$320.6M
Net Profit
$1.8M
Gross Margin
83.6%
66.9%
Operating Margin
34.4%
Net Margin
0.6%
Revenue YoY
0.1%
-12.0%
Net Profit YoY
EPS (diluted)
$0.04

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
NUS
NUS
Q1 26
$320.6M
Q4 25
$254.0M
$370.3M
Q3 25
$455.1M
$364.2M
Q2 25
$433.3M
$386.1M
Q1 25
$439.6M
$364.5M
Q4 24
$253.8M
$445.6M
Q3 24
$420.3M
$430.1M
Q2 24
$435.4M
$439.1M
Net Profit
IHS
IHS
NUS
NUS
Q1 26
$1.8M
Q4 25
$14.5M
Q3 25
$147.4M
$17.1M
Q2 25
$32.3M
$21.1M
Q1 25
$30.7M
$107.5M
Q4 24
$-36.1M
Q3 24
$-205.7M
$8.3M
Q2 24
$-124.3M
$-118.3M
Gross Margin
IHS
IHS
NUS
NUS
Q1 26
66.9%
Q4 25
83.6%
70.7%
Q3 25
47.5%
70.5%
Q2 25
51.3%
68.8%
Q1 25
51.4%
67.8%
Q4 24
72.1%
62.7%
Q3 24
52.0%
70.1%
Q2 24
52.5%
70.0%
Operating Margin
IHS
IHS
NUS
NUS
Q1 26
34.4%
Q4 25
6.3%
Q3 25
35.1%
5.9%
Q2 25
33.8%
8.0%
Q1 25
37.1%
-2.7%
Q4 24
-11.9%
Q3 24
29.9%
4.2%
Q2 24
34.0%
-28.6%
Net Margin
IHS
IHS
NUS
NUS
Q1 26
0.6%
Q4 25
3.9%
Q3 25
32.4%
4.7%
Q2 25
7.5%
5.5%
Q1 25
7.0%
29.5%
Q4 24
-8.1%
Q3 24
-48.9%
1.9%
Q2 24
-28.5%
-26.9%
EPS (diluted)
IHS
IHS
NUS
NUS
Q1 26
$0.04
Q4 25
$0.27
Q3 25
$0.44
$0.34
Q2 25
$0.10
$0.43
Q1 25
$0.10
$2.14
Q4 24
$-0.73
Q3 24
$-0.61
$0.17
Q2 24
$-0.36
$-2.38

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
NUS
NUS
Cash + ST InvestmentsLiquidity on hand
$825.7M
$198.7M
Total DebtLower is stronger
$3.1B
$223.6M
Stockholders' EquityBook value
$-89.8M
$794.1M
Total Assets
$4.5B
$1.4B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
NUS
NUS
Q1 26
$198.7M
Q4 25
$825.7M
$239.8M
Q3 25
$647.6M
$253.0M
Q2 25
$531.8M
$265.4M
Q1 25
$629.0M
$213.6M
Q4 24
$578.0M
$198.0M
Q3 24
$397.5M
$237.8M
Q2 24
$445.7M
$232.9M
Total Debt
IHS
IHS
NUS
NUS
Q1 26
$223.6M
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
NUS
NUS
Q1 26
$794.1M
Q4 25
$-89.8M
$805.2M
Q3 25
$38.1M
$799.8M
Q2 25
$-98.4M
$787.8M
Q1 25
$-184.4M
$754.0M
Q4 24
$-314.4M
$651.5M
Q3 24
$-284.7M
$706.9M
Q2 24
$-308.3M
$686.2M
Total Assets
IHS
IHS
NUS
NUS
Q1 26
$1.4B
Q4 25
$4.5B
$1.4B
Q3 25
$4.7B
$1.4B
Q2 25
$4.5B
$1.4B
Q1 25
$4.4B
$1.4B
Q4 24
$4.2B
$1.5B
Q3 24
$4.6B
$1.6B
Q2 24
$4.5B
$1.6B
Debt / Equity
IHS
IHS
NUS
NUS
Q1 26
0.28×
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
NUS
NUS
Operating Cash FlowLast quarter
$246.9M
Free Cash FlowOCF − Capex
$178.6M
FCF MarginFCF / Revenue
70.3%
Capex IntensityCapex / Revenue
26.9%
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
NUS
NUS
Q1 26
Q4 25
$246.9M
$16.6M
Q3 25
$251.3M
$27.5M
Q2 25
$237.7M
$35.8M
Q1 25
$200.3M
$389.0K
Q4 24
$344.4M
$25.8M
Q3 24
$174.5M
$31.4M
Q2 24
$134.7M
$51.2M
Free Cash Flow
IHS
IHS
NUS
NUS
Q1 26
Q4 25
$178.6M
$5.9M
Q3 25
$189.2M
$17.6M
Q2 25
$197.7M
$35.8M
Q1 25
$153.2M
$-13.2M
Q4 24
$282.9M
$13.2M
Q3 24
$122.3M
$22.8M
Q2 24
$74.2M
$43.1M
FCF Margin
IHS
IHS
NUS
NUS
Q1 26
Q4 25
70.3%
1.6%
Q3 25
41.6%
4.8%
Q2 25
45.6%
9.3%
Q1 25
34.8%
-3.6%
Q4 24
111.5%
3.0%
Q3 24
29.1%
5.3%
Q2 24
17.0%
9.8%
Capex Intensity
IHS
IHS
NUS
NUS
Q1 26
Q4 25
26.9%
2.9%
Q3 25
13.6%
2.7%
Q2 25
9.2%
0.0%
Q1 25
10.7%
3.7%
Q4 24
24.2%
2.8%
Q3 24
12.4%
2.0%
Q2 24
13.9%
1.9%
Cash Conversion
IHS
IHS
NUS
NUS
Q1 26
Q4 25
1.15×
Q3 25
1.70×
1.61×
Q2 25
7.36×
1.69×
Q1 25
6.52×
0.00×
Q4 24
Q3 24
3.79×
Q2 24

Financial Flow Comparison

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

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