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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $251.2M, roughly 1.0× POWELL INDUSTRIES INC). On growth, POWELL INDUSTRIES INC posted the faster year-over-year revenue change (4.0% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $41.6M). Over the past eight quarters, POWELL INDUSTRIES INC's revenue compounded faster (-0.8% 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.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

IHS vs POWL — Head-to-Head

Bigger by revenue
IHS
IHS
1.0× larger
IHS
$254.0M
$251.2M
POWL
Growing faster (revenue YoY)
POWL
POWL
+4.0% gap
POWL
4.0%
0.1%
IHS
More free cash flow
IHS
IHS
$137.0M more FCF
IHS
$178.6M
$41.6M
POWL
Faster 2-yr revenue CAGR
POWL
POWL
Annualised
POWL
-0.8%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IHS
IHS
POWL
POWL
Revenue
$254.0M
$251.2M
Net Profit
$41.4M
Gross Margin
83.6%
28.4%
Operating Margin
17.0%
Net Margin
16.5%
Revenue YoY
0.1%
4.0%
Net Profit YoY
19.1%
EPS (diluted)
$3.40

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
POWL
POWL
Q4 25
$254.0M
$251.2M
Q3 25
$455.1M
$298.0M
Q2 25
$433.3M
$286.3M
Q1 25
$439.6M
$278.6M
Q4 24
$253.8M
$241.4M
Q3 24
$420.3M
$275.1M
Q2 24
$435.4M
$288.2M
Q1 24
$417.7M
$255.1M
Net Profit
IHS
IHS
POWL
POWL
Q4 25
$41.4M
Q3 25
$147.4M
$51.4M
Q2 25
$32.3M
$48.2M
Q1 25
$30.7M
$46.3M
Q4 24
$34.8M
Q3 24
$-205.7M
$46.1M
Q2 24
$-124.3M
$46.2M
Q1 24
$-1.6B
$33.5M
Gross Margin
IHS
IHS
POWL
POWL
Q4 25
83.6%
28.4%
Q3 25
47.5%
31.4%
Q2 25
51.3%
30.7%
Q1 25
51.4%
29.9%
Q4 24
72.1%
24.7%
Q3 24
52.0%
29.2%
Q2 24
52.5%
28.4%
Q1 24
39.1%
24.6%
Operating Margin
IHS
IHS
POWL
POWL
Q4 25
17.0%
Q3 25
35.1%
21.2%
Q2 25
33.8%
21.0%
Q1 25
37.1%
21.1%
Q4 24
14.7%
Q3 24
29.9%
20.4%
Q2 24
34.0%
19.9%
Q1 24
-1.7%
15.5%
Net Margin
IHS
IHS
POWL
POWL
Q4 25
16.5%
Q3 25
32.4%
17.3%
Q2 25
7.5%
16.8%
Q1 25
7.0%
16.6%
Q4 24
14.4%
Q3 24
-48.9%
16.7%
Q2 24
-28.5%
16.0%
Q1 24
-372.8%
13.1%
EPS (diluted)
IHS
IHS
POWL
POWL
Q4 25
$3.40
Q3 25
$0.44
$4.23
Q2 25
$0.10
$3.96
Q1 25
$0.10
$3.81
Q4 24
$2.86
Q3 24
$-0.61
$3.77
Q2 24
$-0.36
$3.79
Q1 24
$-4.67
$2.75

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$825.7M
$500.8M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$668.9M
Total Assets
$4.5B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
POWL
POWL
Q4 25
$825.7M
$500.8M
Q3 25
$647.6M
$475.5M
Q2 25
$531.8M
$433.0M
Q1 25
$629.0M
$389.3M
Q4 24
$578.0M
$373.4M
Q3 24
$397.5M
$358.4M
Q2 24
$445.7M
$374.0M
Q1 24
$333.2M
$365.3M
Total Debt
IHS
IHS
POWL
POWL
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
POWL
POWL
Q4 25
$-89.8M
$668.9M
Q3 25
$38.1M
$640.8M
Q2 25
$-98.4M
$594.9M
Q1 25
$-184.4M
$541.4M
Q4 24
$-314.4M
$496.3M
Q3 24
$-284.7M
$483.1M
Q2 24
$-308.3M
$436.7M
Q1 24
$-163.2M
$393.8M
Total Assets
IHS
IHS
POWL
POWL
Q4 25
$4.5B
$1.1B
Q3 25
$4.7B
$1.1B
Q2 25
$4.5B
$1.0B
Q1 25
$4.4B
$965.4M
Q4 24
$4.2B
$912.7M
Q3 24
$4.6B
$928.2M
Q2 24
$4.5B
$869.0M
Q1 24
$4.6B
$849.6M
Debt / Equity
IHS
IHS
POWL
POWL
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
POWL
POWL
Operating Cash FlowLast quarter
$246.9M
$43.6M
Free Cash FlowOCF − Capex
$178.6M
$41.6M
FCF MarginFCF / Revenue
70.3%
16.6%
Capex IntensityCapex / Revenue
26.9%
0.8%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
POWL
POWL
Q4 25
$246.9M
$43.6M
Q3 25
$251.3M
$61.1M
Q2 25
$237.7M
$47.4M
Q1 25
$200.3M
$22.4M
Q4 24
$344.4M
$37.1M
Q3 24
$174.5M
$-6.0M
Q2 24
$134.7M
$13.8M
Q1 24
$75.8M
$17.0M
Free Cash Flow
IHS
IHS
POWL
POWL
Q4 25
$178.6M
$41.6M
Q3 25
$189.2M
$59.3M
Q2 25
$197.7M
$42.3M
Q1 25
$153.2M
$18.3M
Q4 24
$282.9M
$34.9M
Q3 24
$122.3M
$-14.4M
Q2 24
$74.2M
$12.4M
Q1 24
$14.8M
$16.1M
FCF Margin
IHS
IHS
POWL
POWL
Q4 25
70.3%
16.6%
Q3 25
41.6%
19.9%
Q2 25
45.6%
14.8%
Q1 25
34.8%
6.6%
Q4 24
111.5%
14.4%
Q3 24
29.1%
-5.3%
Q2 24
17.0%
4.3%
Q1 24
3.5%
6.3%
Capex Intensity
IHS
IHS
POWL
POWL
Q4 25
26.9%
0.8%
Q3 25
13.6%
0.6%
Q2 25
9.2%
1.8%
Q1 25
10.7%
1.5%
Q4 24
24.2%
0.9%
Q3 24
12.4%
3.1%
Q2 24
13.9%
0.5%
Q1 24
14.6%
0.4%
Cash Conversion
IHS
IHS
POWL
POWL
Q4 25
1.05×
Q3 25
1.70×
1.19×
Q2 25
7.36×
0.98×
Q1 25
6.52×
0.48×
Q4 24
1.07×
Q3 24
-0.13×
Q2 24
0.30×
Q1 24
0.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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