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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $253.4M, roughly 1.0× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 0.1%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $178.6M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
IHS vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $253.4M |
| Net Profit | — | — |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 28.7% |
| Net Margin | — | — |
| Revenue YoY | 0.1% | 62.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $2.05 |
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.
| Q4 25 | $254.0M | $253.4M | ||
| Q3 25 | $455.1M | $244.7M | ||
| Q2 25 | $433.3M | $203.3M | ||
| Q1 25 | $439.6M | $174.6M | ||
| Q4 24 | $253.8M | $155.8M | ||
| Q3 24 | $420.3M | $148.5M | ||
| Q2 24 | $435.4M | $131.1M | ||
| Q1 24 | $417.7M | $118.5M |
| Q4 25 | — | — | ||
| Q3 25 | $147.4M | $51.5M | ||
| Q2 25 | $32.3M | $46.5M | ||
| Q1 25 | $30.7M | $42.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-205.7M | $30.5M | ||
| Q2 24 | $-124.3M | $25.7M | ||
| Q1 24 | $-1.6B | $26.4M |
| 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 | — | 28.7% | ||
| Q3 25 | 35.1% | 27.4% | ||
| Q2 25 | 33.8% | 29.5% | ||
| Q1 25 | 37.1% | 30.8% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | 29.9% | 25.9% | ||
| Q2 24 | 34.0% | 25.5% | ||
| Q1 24 | -1.7% | 29.0% |
| Q4 25 | — | — | ||
| Q3 25 | 32.4% | 21.0% | ||
| Q2 25 | 7.5% | 22.9% | ||
| Q1 25 | 7.0% | 24.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | -48.9% | 20.5% | ||
| Q2 24 | -28.5% | 19.6% | ||
| Q1 24 | -372.8% | 22.3% |
| Q4 25 | — | $2.05 | ||
| Q3 25 | $0.44 | $1.87 | ||
| Q2 25 | $0.10 | $1.68 | ||
| Q1 25 | $0.10 | $1.57 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | $-0.61 | $1.15 | ||
| Q2 24 | $-0.36 | $1.00 | ||
| Q1 24 | $-4.67 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $942.7M |
| Total Assets | $4.5B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $106.9M | ||
| Q3 25 | $647.6M | $111.7M | ||
| Q2 25 | $531.8M | $81.3M | ||
| Q1 25 | $629.0M | $119.3M | ||
| Q4 24 | $578.0M | $80.4M | ||
| Q3 24 | $397.5M | $86.5M | ||
| Q2 24 | $445.7M | $47.8M | ||
| Q1 24 | $333.2M | $61.4M |
| 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 | $942.7M | ||
| Q3 25 | $38.1M | $878.1M | ||
| Q2 25 | $-98.4M | $847.2M | ||
| Q1 25 | $-184.4M | $790.4M | ||
| Q4 24 | $-314.4M | $729.0M | ||
| Q3 24 | $-284.7M | $703.3M | ||
| Q2 24 | $-308.3M | $532.6M | ||
| Q1 24 | $-163.2M | $501.7M |
| Q4 25 | $4.5B | $3.1B | ||
| Q3 25 | $4.7B | $2.9B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.4B | $2.4B | ||
| Q4 24 | $4.2B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.5B | $2.0B | ||
| Q1 24 | $4.6B | $1.9B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $178.6M | $409.0M |
| FCF MarginFCF / Revenue | 70.3% | 161.4% |
| Capex IntensityCapex / Revenue | 26.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $409.1M | ||
| Q3 25 | $251.3M | $83.6M | ||
| Q2 25 | $237.7M | $120.9M | ||
| Q1 25 | $200.3M | $87.2M | ||
| Q4 24 | $344.4M | $261.2M | ||
| Q3 24 | $174.5M | $100.3M | ||
| Q2 24 | $134.7M | $55.1M | ||
| Q1 24 | $75.8M | $33.1M |
| Q4 25 | $178.6M | $409.0M | ||
| Q3 25 | $189.2M | $83.6M | ||
| Q2 25 | $197.7M | $120.8M | ||
| Q1 25 | $153.2M | $87.1M | ||
| Q4 24 | $282.9M | $260.9M | ||
| Q3 24 | $122.3M | $100.1M | ||
| Q2 24 | $74.2M | — | ||
| Q1 24 | $14.8M | — |
| Q4 25 | 70.3% | 161.4% | ||
| Q3 25 | 41.6% | 34.2% | ||
| Q2 25 | 45.6% | 59.4% | ||
| Q1 25 | 34.8% | 49.9% | ||
| Q4 24 | 111.5% | 167.5% | ||
| Q3 24 | 29.1% | 67.4% | ||
| Q2 24 | 17.0% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | 26.9% | 0.1% | ||
| Q3 25 | 13.6% | 0.0% | ||
| Q2 25 | 9.2% | 0.0% | ||
| Q1 25 | 10.7% | 0.0% | ||
| Q4 24 | 24.2% | 0.2% | ||
| Q3 24 | 12.4% | 0.1% | ||
| Q2 24 | 13.9% | 0.0% | ||
| Q1 24 | 14.6% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | 1.63× | ||
| Q2 25 | 7.36× | 2.60× | ||
| Q1 25 | 6.52× | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
