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Side-by-side financial comparison of IHS Holding Ltd (IHS) and PAMT CORP (PAMT). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $141.3M, roughly 1.8× PAMT CORP). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -15.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-25.0M). Over the past eight quarters, PAMT CORP's revenue compounded faster (-12.0% 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.
IHS vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $141.3M |
| Net Profit | — | $-29.3M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | -27.0% |
| Net Margin | — | -20.7% |
| Revenue YoY | 0.1% | -15.1% |
| Net Profit YoY | — | 7.4% |
| EPS (diluted) | — | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $455.1M | $150.3M | ||
| Q2 25 | $433.3M | $151.1M | ||
| Q1 25 | $439.6M | $155.3M | ||
| Q4 24 | $253.8M | $166.5M | ||
| Q3 24 | $420.3M | $182.6M | ||
| Q2 24 | $435.4M | $182.9M | ||
| Q1 24 | $417.7M | $182.6M |
| Q4 25 | — | $-29.3M | ||
| Q3 25 | $147.4M | $-5.6M | ||
| Q2 25 | $32.3M | $-9.6M | ||
| Q1 25 | $30.7M | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | $-205.7M | $2.4M | ||
| Q2 24 | $-124.3M | $-2.9M | ||
| Q1 24 | $-1.6B | $281.0K |
| 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 | — | -27.0% | ||
| Q3 25 | 35.1% | -3.8% | ||
| Q2 25 | 33.8% | -7.3% | ||
| Q1 25 | 37.1% | -5.9% | ||
| Q4 24 | — | -22.6% | ||
| Q3 24 | 29.9% | 1.3% | ||
| Q2 24 | 34.0% | -0.4% | ||
| Q1 24 | -1.7% | -0.4% |
| Q4 25 | — | -20.7% | ||
| Q3 25 | 32.4% | -3.7% | ||
| Q2 25 | 7.5% | -6.4% | ||
| Q1 25 | 7.0% | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | -48.9% | 1.3% | ||
| Q2 24 | -28.5% | -1.6% | ||
| Q1 24 | -372.8% | 0.2% |
| Q4 25 | — | $-1.38 | ||
| Q3 25 | $0.44 | $-0.27 | ||
| Q2 25 | $0.10 | $-0.46 | ||
| Q1 25 | $0.10 | $-0.37 | ||
| Q4 24 | — | $-1.44 | ||
| Q3 24 | $-0.61 | $0.11 | ||
| Q2 24 | $-0.36 | $-0.13 | ||
| Q1 24 | $-4.67 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | $3.1B | $333.9M |
| Stockholders' EquityBook value | $-89.8M | $210.5M |
| Total Assets | $4.5B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $83.7M | ||
| Q3 25 | $647.6M | $115.6M | ||
| Q2 25 | $531.8M | $117.3M | ||
| Q1 25 | $629.0M | $102.7M | ||
| Q4 24 | $578.0M | $110.7M | ||
| Q3 24 | $397.5M | $92.3M | ||
| Q2 24 | $445.7M | $114.0M | ||
| Q1 24 | $333.2M | $125.8M |
| Q4 25 | $3.1B | $333.9M | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.3B | $325.6M | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.5B | — |
| Q4 25 | $-89.8M | $210.5M | ||
| Q3 25 | $38.1M | $239.5M | ||
| Q2 25 | $-98.4M | $244.9M | ||
| Q1 25 | $-184.4M | $269.6M | ||
| Q4 24 | $-314.4M | $277.5M | ||
| Q3 24 | $-284.7M | $308.9M | ||
| Q2 24 | $-308.3M | $306.7M | ||
| Q1 24 | $-163.2M | $314.6M |
| Q4 25 | $4.5B | $697.9M | ||
| Q3 25 | $4.7B | $715.2M | ||
| Q2 25 | $4.5B | $707.9M | ||
| Q1 25 | $4.4B | $712.6M | ||
| Q4 24 | $4.2B | $741.7M | ||
| Q3 24 | $4.6B | $756.7M | ||
| Q2 24 | $4.5B | $733.5M | ||
| Q1 24 | $4.6B | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $178.6M | $-25.0M |
| FCF MarginFCF / Revenue | 70.3% | -17.7% |
| Capex IntensityCapex / Revenue | 26.9% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $-5.8M | ||
| Q3 25 | $251.3M | $5.9M | ||
| Q2 25 | $237.7M | $12.2M | ||
| Q1 25 | $200.3M | $5.0M | ||
| Q4 24 | $344.4M | $15.2M | ||
| Q3 24 | $174.5M | $15.5M | ||
| Q2 24 | $134.7M | $18.7M | ||
| Q1 24 | $75.8M | $9.6M |
| Q4 25 | $178.6M | $-25.0M | ||
| Q3 25 | $189.2M | $2.5M | ||
| Q2 25 | $197.7M | $5.9M | ||
| Q1 25 | $153.2M | $-6.8M | ||
| Q4 24 | $282.9M | $-39.9M | ||
| Q3 24 | $122.3M | $-33.6M | ||
| Q2 24 | $74.2M | $4.1M | ||
| Q1 24 | $14.8M | $-12.2M |
| Q4 25 | 70.3% | -17.7% | ||
| Q3 25 | 41.6% | 1.7% | ||
| Q2 25 | 45.6% | 3.9% | ||
| Q1 25 | 34.8% | -4.4% | ||
| Q4 24 | 111.5% | -24.0% | ||
| Q3 24 | 29.1% | -18.4% | ||
| Q2 24 | 17.0% | 2.2% | ||
| Q1 24 | 3.5% | -6.7% |
| Q4 25 | 26.9% | 13.6% | ||
| Q3 25 | 13.6% | 2.3% | ||
| Q2 25 | 9.2% | 4.2% | ||
| Q1 25 | 10.7% | 7.6% | ||
| Q4 24 | 24.2% | 33.1% | ||
| Q3 24 | 12.4% | 26.9% | ||
| Q2 24 | 13.9% | 8.0% | ||
| Q1 24 | 14.6% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 7.36× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
