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Side-by-side financial comparison of IHS Holding Ltd (IHS) and OFG BANCORP (OFG). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $184.3M, roughly 1.4× OFG BANCORP). On growth, OFG BANCORP posted the faster year-over-year revenue change (0.9% vs 0.1%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $178.6M). Over the past eight quarters, OFG BANCORP's revenue compounded faster (2.8% 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.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
IHS vs OFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $184.3M |
| Net Profit | — | $55.9M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 25.7% |
| Net Margin | — | 30.3% |
| Revenue YoY | 0.1% | 0.9% |
| Net Profit YoY | — | 11.0% |
| EPS (diluted) | — | $1.27 |
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.
| Q4 25 | $254.0M | $184.3M | ||
| Q3 25 | $455.1M | $186.2M | ||
| Q2 25 | $433.3M | $182.4M | ||
| Q1 25 | $439.6M | $178.6M | ||
| Q4 24 | $253.8M | $182.7M | ||
| Q3 24 | $420.3M | $174.7M | ||
| Q2 24 | $435.4M | $179.8M | ||
| Q1 24 | $417.7M | $174.4M |
| Q4 25 | — | $55.9M | ||
| Q3 25 | $147.4M | $51.8M | ||
| Q2 25 | $32.3M | $51.8M | ||
| Q1 25 | $30.7M | $45.6M | ||
| Q4 24 | — | $50.3M | ||
| Q3 24 | $-205.7M | $47.0M | ||
| Q2 24 | $-124.3M | $51.1M | ||
| Q1 24 | $-1.6B | $49.7M |
| 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% | — |
| Q4 25 | — | 25.7% | ||
| Q3 25 | 35.1% | 33.0% | ||
| Q2 25 | 33.8% | 36.1% | ||
| Q1 25 | 37.1% | 33.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | 29.9% | 35.4% | ||
| Q2 24 | 34.0% | 39.6% | ||
| Q1 24 | -1.7% | 38.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | 32.4% | 27.8% | ||
| Q2 25 | 7.5% | 28.4% | ||
| Q1 25 | 7.0% | 25.5% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | -48.9% | 26.9% | ||
| Q2 24 | -28.5% | 28.4% | ||
| Q1 24 | -372.8% | 28.5% |
| Q4 25 | — | $1.27 | ||
| Q3 25 | $0.44 | $1.16 | ||
| Q2 25 | $0.10 | $1.15 | ||
| Q1 25 | $0.10 | $1.00 | ||
| Q4 24 | — | $1.10 | ||
| Q3 24 | $-0.61 | $1.00 | ||
| Q2 24 | $-0.36 | $1.08 | ||
| Q1 24 | $-4.67 | $1.05 |
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 | $1.0B |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $1.4B |
| Total Assets | $4.5B | $12.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $1.0B | ||
| Q3 25 | $647.6M | $740.3M | ||
| Q2 25 | $531.8M | $851.8M | ||
| Q1 25 | $629.0M | $710.6M | ||
| Q4 24 | $578.0M | $591.1M | ||
| Q3 24 | $397.5M | $680.6M | ||
| Q2 24 | $445.7M | $740.4M | ||
| Q1 24 | $333.2M | $754.4M |
| 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 | — |
| Q4 25 | $-89.8M | $1.4B | ||
| Q3 25 | $38.1M | $1.4B | ||
| Q2 25 | $-98.4M | $1.3B | ||
| Q1 25 | $-184.4M | $1.3B | ||
| Q4 24 | $-314.4M | $1.3B | ||
| Q3 24 | $-284.7M | $1.3B | ||
| Q2 24 | $-308.3M | $1.2B | ||
| Q1 24 | $-163.2M | $1.2B |
| Q4 25 | $4.5B | $12.5B | ||
| Q3 25 | $4.7B | $12.2B | ||
| Q2 25 | $4.5B | $12.2B | ||
| Q1 25 | $4.4B | $11.7B | ||
| Q4 24 | $4.2B | $11.5B | ||
| Q3 24 | $4.6B | $11.5B | ||
| Q2 24 | $4.5B | $11.3B | ||
| Q1 24 | $4.6B | $11.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $246.9M | $217.7M |
| Free Cash FlowOCF − Capex | $178.6M | $199.3M |
| FCF MarginFCF / Revenue | 70.3% | 108.1% |
| Capex IntensityCapex / Revenue | 26.9% | 10.0% |
| Cash ConversionOCF / Net Profit | — | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $345.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $217.7M | ||
| Q3 25 | $251.3M | $39.5M | ||
| Q2 25 | $237.7M | $35.9M | ||
| Q1 25 | $200.3M | $83.1M | ||
| Q4 24 | $344.4M | $252.5M | ||
| Q3 24 | $174.5M | $58.1M | ||
| Q2 24 | $134.7M | $95.1M | ||
| Q1 24 | $75.8M | $61.0M |
| Q4 25 | $178.6M | $199.3M | ||
| Q3 25 | $189.2M | $35.5M | ||
| Q2 25 | $197.7M | $31.8M | ||
| Q1 25 | $153.2M | $78.7M | ||
| Q4 24 | $282.9M | $231.2M | ||
| Q3 24 | $122.3M | $51.8M | ||
| Q2 24 | $74.2M | $90.4M | ||
| Q1 24 | $14.8M | $54.8M |
| Q4 25 | 70.3% | 108.1% | ||
| Q3 25 | 41.6% | 19.1% | ||
| Q2 25 | 45.6% | 17.4% | ||
| Q1 25 | 34.8% | 44.1% | ||
| Q4 24 | 111.5% | 126.5% | ||
| Q3 24 | 29.1% | 29.6% | ||
| Q2 24 | 17.0% | 50.3% | ||
| Q1 24 | 3.5% | 31.4% |
| Q4 25 | 26.9% | 10.0% | ||
| Q3 25 | 13.6% | 2.1% | ||
| Q2 25 | 9.2% | 2.3% | ||
| Q1 25 | 10.7% | 2.4% | ||
| Q4 24 | 24.2% | 11.7% | ||
| Q3 24 | 12.4% | 3.6% | ||
| Q2 24 | 13.9% | 2.6% | ||
| Q1 24 | 14.6% | 3.5% |
| Q4 25 | — | 3.90× | ||
| Q3 25 | 1.70× | 0.76× | ||
| Q2 25 | 7.36× | 0.69× | ||
| Q1 25 | 6.52× | 1.82× | ||
| Q4 24 | — | 5.02× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
