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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $163.7M, roughly 1.6× OneStream, Inc.). On growth, OneStream, Inc. posted the faster year-over-year revenue change (23.6% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $25.6M). Over the past eight quarters, OneStream, Inc.'s revenue compounded faster (21.8% 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.

Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.

IHS vs OS — Head-to-Head

Bigger by revenue
IHS
IHS
1.6× larger
IHS
$254.0M
$163.7M
OS
Growing faster (revenue YoY)
OS
OS
+23.5% gap
OS
23.6%
0.1%
IHS
More free cash flow
IHS
IHS
$153.0M more FCF
IHS
$178.6M
$25.6M
OS
Faster 2-yr revenue CAGR
OS
OS
Annualised
OS
21.8%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
OS
OS
Revenue
$254.0M
$163.7M
Net Profit
$999.0K
Gross Margin
83.6%
69.8%
Operating Margin
-3.2%
Net Margin
0.6%
Revenue YoY
0.1%
23.6%
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
OS
OS
Q4 25
$254.0M
$163.7M
Q3 25
$455.1M
$154.3M
Q2 25
$433.3M
$147.6M
Q1 25
$439.6M
$136.3M
Q4 24
$253.8M
$132.5M
Q3 24
$420.3M
$129.1M
Q2 24
$435.4M
$117.5M
Q1 24
$417.7M
$110.3M
Net Profit
IHS
IHS
OS
OS
Q4 25
$999.0K
Q3 25
$147.4M
$-8.8M
Q2 25
$32.3M
$-18.4M
Q1 25
$30.7M
$-24.0M
Q4 24
Q3 24
$-205.7M
$-171.9M
Q2 24
$-124.3M
$-7.8M
Q1 24
$-1.6B
$-5.0M
Gross Margin
IHS
IHS
OS
OS
Q4 25
83.6%
69.8%
Q3 25
47.5%
68.1%
Q2 25
51.3%
68.6%
Q1 25
51.4%
68.0%
Q4 24
72.1%
66.8%
Q3 24
52.0%
50.1%
Q2 24
52.5%
68.5%
Q1 24
39.1%
69.1%
Operating Margin
IHS
IHS
OS
OS
Q4 25
-3.2%
Q3 25
35.1%
-11.3%
Q2 25
33.8%
-21.8%
Q1 25
37.1%
-29.3%
Q4 24
-35.8%
Q3 24
29.9%
-197.6%
Q2 24
34.0%
-9.8%
Q1 24
-1.7%
-4.9%
Net Margin
IHS
IHS
OS
OS
Q4 25
0.6%
Q3 25
32.4%
-5.7%
Q2 25
7.5%
-12.5%
Q1 25
7.0%
-17.6%
Q4 24
Q3 24
-48.9%
-133.1%
Q2 24
-28.5%
-6.7%
Q1 24
-372.8%
-4.5%
EPS (diluted)
IHS
IHS
OS
OS
Q4 25
Q3 25
$0.44
Q2 25
$0.10
Q1 25
$0.10
Q4 24
Q3 24
$-0.61
$-1.06
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
OS
OS
Cash + ST InvestmentsLiquidity on hand
$825.7M
$693.6M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$504.7M
Total Assets
$4.5B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
OS
OS
Q4 25
$825.7M
$693.6M
Q3 25
$647.6M
$653.9M
Q2 25
$531.8M
$652.1M
Q1 25
$629.0M
$593.9M
Q4 24
$578.0M
$544.2M
Q3 24
$397.5M
$495.5M
Q2 24
$445.7M
$140.5M
Q1 24
$333.2M
Total Debt
IHS
IHS
OS
OS
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
OS
OS
Q4 25
$-89.8M
$504.7M
Q3 25
$38.1M
$472.1M
Q2 25
$-98.4M
$458.2M
Q1 25
$-184.4M
$412.9M
Q4 24
$-314.4M
$386.2M
Q3 24
$-284.7M
$458.2M
Q2 24
$-308.3M
$97.5M
Q1 24
$-163.2M
$102.5M
Total Assets
IHS
IHS
OS
OS
Q4 25
$4.5B
$1.0B
Q3 25
$4.7B
$949.4M
Q2 25
$4.5B
$910.5M
Q1 25
$4.4B
$867.3M
Q4 24
$4.2B
$823.2M
Q3 24
$4.6B
$750.1M
Q2 24
$4.5B
$379.7M
Q1 24
$4.6B
Debt / Equity
IHS
IHS
OS
OS
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
OS
OS
Operating Cash FlowLast quarter
$246.9M
$25.8M
Free Cash FlowOCF − Capex
$178.6M
$25.6M
FCF MarginFCF / Revenue
70.3%
15.7%
Capex IntensityCapex / Revenue
26.9%
0.1%
Cash ConversionOCF / Net Profit
25.79×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$95.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
OS
OS
Q4 25
$246.9M
$25.8M
Q3 25
$251.3M
$5.0M
Q2 25
$237.7M
$29.7M
Q1 25
$200.3M
$36.2M
Q4 24
$344.4M
Q3 24
$174.5M
$2.4M
Q2 24
$134.7M
$8.1M
Q1 24
$75.8M
$25.5M
Free Cash Flow
IHS
IHS
OS
OS
Q4 25
$178.6M
$25.6M
Q3 25
$189.2M
$4.8M
Q2 25
$197.7M
$29.4M
Q1 25
$153.2M
$35.8M
Q4 24
$282.9M
Q3 24
$122.3M
$1.3M
Q2 24
$74.2M
$7.7M
Q1 24
$14.8M
$24.9M
FCF Margin
IHS
IHS
OS
OS
Q4 25
70.3%
15.7%
Q3 25
41.6%
3.1%
Q2 25
45.6%
19.9%
Q1 25
34.8%
26.3%
Q4 24
111.5%
Q3 24
29.1%
1.0%
Q2 24
17.0%
6.6%
Q1 24
3.5%
22.5%
Capex Intensity
IHS
IHS
OS
OS
Q4 25
26.9%
0.1%
Q3 25
13.6%
0.1%
Q2 25
9.2%
0.2%
Q1 25
10.7%
0.3%
Q4 24
24.2%
Q3 24
12.4%
0.8%
Q2 24
13.9%
0.3%
Q1 24
14.6%
0.6%
Cash Conversion
IHS
IHS
OS
OS
Q4 25
25.79×
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.

OS
OS

Subscription And Circulation$150.3M92%
Professional Services And Other$9.4M6%
License$4.0M2%

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