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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $142.7M, roughly 1.8× Opera Ltd).

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.

Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.

IHS vs OPRA — Head-to-Head

Bigger by revenue
IHS
IHS
1.8× larger
IHS
$254.0M
$142.7M
OPRA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
IHS
IHS
OPRA
OPRA
Revenue
$254.0M
$142.7M
Net Profit
$18.3M
Gross Margin
83.6%
Operating Margin
14.8%
Net Margin
12.8%
Revenue YoY
0.1%
Net Profit YoY
EPS (diluted)

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
OPRA
OPRA
Q4 25
$254.0M
Q3 25
$455.1M
Q2 25
$433.3M
Q1 25
$439.6M
$142.7M
Q4 24
$253.8M
Q3 24
$420.3M
Q2 24
$435.4M
$211.6M
Q1 24
$417.7M
Net Profit
IHS
IHS
OPRA
OPRA
Q4 25
Q3 25
$147.4M
Q2 25
$32.3M
Q1 25
$30.7M
$18.3M
Q4 24
Q3 24
$-205.7M
Q2 24
$-124.3M
$34.1M
Q1 24
$-1.6B
Gross Margin
IHS
IHS
OPRA
OPRA
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%
Operating Margin
IHS
IHS
OPRA
OPRA
Q4 25
Q3 25
35.1%
Q2 25
33.8%
Q1 25
37.1%
14.8%
Q4 24
Q3 24
29.9%
Q2 24
34.0%
19.6%
Q1 24
-1.7%
Net Margin
IHS
IHS
OPRA
OPRA
Q4 25
Q3 25
32.4%
Q2 25
7.5%
Q1 25
7.0%
12.8%
Q4 24
Q3 24
-48.9%
Q2 24
-28.5%
16.1%
Q1 24
-372.8%
EPS (diluted)
IHS
IHS
OPRA
OPRA
Q4 25
Q3 25
$0.44
Q2 25
$0.10
Q1 25
$0.10
Q4 24
Q3 24
$-0.61
Q2 24
$-0.36
Q1 24
$-4.67

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
OPRA
OPRA
Q4 25
$825.7M
Q3 25
$647.6M
Q2 25
$531.8M
Q1 25
$629.0M
Q4 24
$578.0M
Q3 24
$397.5M
Q2 24
$445.7M
Q1 24
$333.2M
Total Debt
IHS
IHS
OPRA
OPRA
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
Stockholders' Equity
IHS
IHS
OPRA
OPRA
Q4 25
$-89.8M
Q3 25
$38.1M
Q2 25
$-98.4M
Q1 25
$-184.4M
Q4 24
$-314.4M
Q3 24
$-284.7M
Q2 24
$-308.3M
Q1 24
$-163.2M
Total Assets
IHS
IHS
OPRA
OPRA
Q4 25
$4.5B
Q3 25
$4.7B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$4.2B
Q3 24
$4.6B
Q2 24
$4.5B
Q1 24
$4.6B
Debt / Equity
IHS
IHS
OPRA
OPRA
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
IHS
IHS
OPRA
OPRA
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
OPRA
OPRA
Q4 25
$246.9M
Q3 25
$251.3M
Q2 25
$237.7M
Q1 25
$200.3M
Q4 24
$344.4M
Q3 24
$174.5M
Q2 24
$134.7M
Q1 24
$75.8M
Free Cash Flow
IHS
IHS
OPRA
OPRA
Q4 25
$178.6M
Q3 25
$189.2M
Q2 25
$197.7M
Q1 25
$153.2M
Q4 24
$282.9M
Q3 24
$122.3M
Q2 24
$74.2M
Q1 24
$14.8M
FCF Margin
IHS
IHS
OPRA
OPRA
Q4 25
70.3%
Q3 25
41.6%
Q2 25
45.6%
Q1 25
34.8%
Q4 24
111.5%
Q3 24
29.1%
Q2 24
17.0%
Q1 24
3.5%
Capex Intensity
IHS
IHS
OPRA
OPRA
Q4 25
26.9%
Q3 25
13.6%
Q2 25
9.2%
Q1 25
10.7%
Q4 24
24.2%
Q3 24
12.4%
Q2 24
13.9%
Q1 24
14.6%
Cash Conversion
IHS
IHS
OPRA
OPRA
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.

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