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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $219.9M, roughly 1.2× Orthofix Medical Inc.). On growth, Orthofix Medical Inc. posted the faster year-over-year revenue change (2.0% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $16.8M). Over the past eight quarters, Orthofix Medical Inc.'s revenue compounded faster (8.0% 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.

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

IHS vs OFIX — Head-to-Head

Bigger by revenue
IHS
IHS
1.2× larger
IHS
$254.0M
$219.9M
OFIX
Growing faster (revenue YoY)
OFIX
OFIX
+1.9% gap
OFIX
2.0%
0.1%
IHS
More free cash flow
IHS
IHS
$161.8M more FCF
IHS
$178.6M
$16.8M
OFIX
Faster 2-yr revenue CAGR
OFIX
OFIX
Annualised
OFIX
8.0%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
OFIX
OFIX
Revenue
$254.0M
$219.9M
Net Profit
$-2.2M
Gross Margin
83.6%
71.1%
Operating Margin
0.2%
Net Margin
-1.0%
Revenue YoY
0.1%
2.0%
Net Profit YoY
92.4%
EPS (diluted)
$-0.05

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
OFIX
OFIX
Q4 25
$254.0M
$219.9M
Q3 25
$455.1M
$205.6M
Q2 25
$433.3M
$203.1M
Q1 25
$439.6M
$193.6M
Q4 24
$253.8M
$215.7M
Q3 24
$420.3M
$196.6M
Q2 24
$435.4M
$198.6M
Q1 24
$417.7M
$188.6M
Net Profit
IHS
IHS
OFIX
OFIX
Q4 25
$-2.2M
Q3 25
$147.4M
$-22.8M
Q2 25
$32.3M
$-14.1M
Q1 25
$30.7M
$-53.1M
Q4 24
$-29.1M
Q3 24
$-205.7M
$-27.4M
Q2 24
$-124.3M
$-33.4M
Q1 24
$-1.6B
$-36.0M
Gross Margin
IHS
IHS
OFIX
OFIX
Q4 25
83.6%
71.1%
Q3 25
47.5%
72.2%
Q2 25
51.3%
68.7%
Q1 25
51.4%
62.8%
Q4 24
72.1%
69.0%
Q3 24
52.0%
68.7%
Q2 24
52.5%
67.8%
Q1 24
39.1%
67.5%
Operating Margin
IHS
IHS
OFIX
OFIX
Q4 25
0.2%
Q3 25
35.1%
-8.3%
Q2 25
33.8%
-7.9%
Q1 25
37.1%
-25.2%
Q4 24
-5.3%
Q3 24
29.9%
-9.6%
Q2 24
34.0%
-12.5%
Q1 24
-1.7%
-15.6%
Net Margin
IHS
IHS
OFIX
OFIX
Q4 25
-1.0%
Q3 25
32.4%
-11.1%
Q2 25
7.5%
-6.9%
Q1 25
7.0%
-27.4%
Q4 24
-13.5%
Q3 24
-48.9%
-13.9%
Q2 24
-28.5%
-16.8%
Q1 24
-372.8%
-19.1%
EPS (diluted)
IHS
IHS
OFIX
OFIX
Q4 25
$-0.05
Q3 25
$0.44
$-0.57
Q2 25
$0.10
$-0.36
Q1 25
$0.10
$-1.35
Q4 24
$-0.76
Q3 24
$-0.61
$-0.71
Q2 24
$-0.36
$-0.88
Q1 24
$-4.67
$-0.95

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$825.7M
$82.0M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$450.0M
Total Assets
$4.5B
$850.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
OFIX
OFIX
Q4 25
$825.7M
$82.0M
Q3 25
$647.6M
$62.9M
Q2 25
$531.8M
$65.6M
Q1 25
$629.0M
$58.0M
Q4 24
$578.0M
$83.2M
Q3 24
$397.5M
$30.1M
Q2 24
$445.7M
$26.4M
Q1 24
$333.2M
$27.0M
Total Debt
IHS
IHS
OFIX
OFIX
Q4 25
$3.1B
Q3 25
$3.3B
$157.2M
Q2 25
$3.2B
$157.0M
Q1 25
$3.4B
$156.9M
Q4 24
$3.3B
$157.0M
Q3 24
$3.5B
$118.5M
Q2 24
$3.6B
$118.0M
Q1 24
$3.5B
$118.2M
Stockholders' Equity
IHS
IHS
OFIX
OFIX
Q4 25
$-89.8M
$450.0M
Q3 25
$38.1M
$442.5M
Q2 25
$-98.4M
$458.3M
Q1 25
$-184.4M
$458.3M
Q4 24
$-314.4M
$503.1M
Q3 24
$-284.7M
$525.9M
Q2 24
$-308.3M
$546.0M
Q1 24
$-163.2M
$570.3M
Total Assets
IHS
IHS
OFIX
OFIX
Q4 25
$4.5B
$850.6M
Q3 25
$4.7B
$832.6M
Q2 25
$4.5B
$837.2M
Q1 25
$4.4B
$823.1M
Q4 24
$4.2B
$893.3M
Q3 24
$4.6B
$867.9M
Q2 24
$4.5B
$882.0M
Q1 24
$4.6B
$906.0M
Debt / Equity
IHS
IHS
OFIX
OFIX
Q4 25
Q3 25
85.85×
0.36×
Q2 25
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
Q2 24
0.22×
Q1 24
0.21×

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
OFIX
OFIX
Operating Cash FlowLast quarter
$246.9M
$27.7M
Free Cash FlowOCF − Capex
$178.6M
$16.8M
FCF MarginFCF / Revenue
70.3%
7.6%
Capex IntensityCapex / Revenue
26.9%
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
OFIX
OFIX
Q4 25
$246.9M
$27.7M
Q3 25
$251.3M
$12.4M
Q2 25
$237.7M
$11.6M
Q1 25
$200.3M
$-18.4M
Q4 24
$344.4M
$23.7M
Q3 24
$174.5M
$11.7M
Q2 24
$134.7M
$9.0M
Q1 24
$75.8M
$-18.6M
Free Cash Flow
IHS
IHS
OFIX
OFIX
Q4 25
$178.6M
$16.8M
Q3 25
$189.2M
$2.5M
Q2 25
$197.7M
$4.5M
Q1 25
$153.2M
$-25.1M
Q4 24
$282.9M
$15.2M
Q3 24
$122.3M
$6.3M
Q2 24
$74.2M
$-360.0K
Q1 24
$14.8M
$-29.1M
FCF Margin
IHS
IHS
OFIX
OFIX
Q4 25
70.3%
7.6%
Q3 25
41.6%
1.2%
Q2 25
45.6%
2.2%
Q1 25
34.8%
-13.0%
Q4 24
111.5%
7.0%
Q3 24
29.1%
3.2%
Q2 24
17.0%
-0.2%
Q1 24
3.5%
-15.4%
Capex Intensity
IHS
IHS
OFIX
OFIX
Q4 25
26.9%
4.9%
Q3 25
13.6%
4.8%
Q2 25
9.2%
3.5%
Q1 25
10.7%
3.5%
Q4 24
24.2%
4.0%
Q3 24
12.4%
2.7%
Q2 24
13.9%
4.7%
Q1 24
14.6%
5.6%
Cash Conversion
IHS
IHS
OFIX
OFIX
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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