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

PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $254.0M, roughly 1.3× IHS Holding Ltd). On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% 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.

PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.

IHS vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.3× larger
PRAA
$333.4M
$254.0M
IHS
Growing faster (revenue YoY)
PRAA
PRAA
+13.6% gap
PRAA
13.7%
0.1%
IHS
More free cash flow
IHS
IHS
$269.0M more FCF
IHS
$178.6M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
PRAA
PRAA
Revenue
$254.0M
$333.4M
Net Profit
$56.5M
Gross Margin
83.6%
Operating Margin
37.7%
Net Margin
17.0%
Revenue YoY
0.1%
13.7%
Net Profit YoY
206.3%
EPS (diluted)
$1.47

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
PRAA
PRAA
Q4 25
$254.0M
$333.4M
Q3 25
$455.1M
$311.1M
Q2 25
$433.3M
$287.7M
Q1 25
$439.6M
$269.6M
Q4 24
$253.8M
$293.2M
Q3 24
$420.3M
$281.5M
Q2 24
$435.4M
$284.2M
Q1 24
$417.7M
$255.6M
Net Profit
IHS
IHS
PRAA
PRAA
Q4 25
$56.5M
Q3 25
$147.4M
$-407.7M
Q2 25
$32.3M
$42.4M
Q1 25
$30.7M
$3.7M
Q4 24
$18.5M
Q3 24
$-205.7M
$27.2M
Q2 24
$-124.3M
$21.5M
Q1 24
$-1.6B
$3.5M
Gross Margin
IHS
IHS
PRAA
PRAA
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
PRAA
PRAA
Q4 25
37.7%
Q3 25
35.1%
-101.4%
Q2 25
33.8%
29.6%
Q1 25
37.1%
27.7%
Q4 24
32.1%
Q3 24
29.9%
32.0%
Q2 24
34.0%
31.4%
Q1 24
-1.7%
26.0%
Net Margin
IHS
IHS
PRAA
PRAA
Q4 25
17.0%
Q3 25
32.4%
-131.0%
Q2 25
7.5%
14.7%
Q1 25
7.0%
1.4%
Q4 24
6.3%
Q3 24
-48.9%
9.6%
Q2 24
-28.5%
7.6%
Q1 24
-372.8%
1.4%
EPS (diluted)
IHS
IHS
PRAA
PRAA
Q4 25
$1.47
Q3 25
$0.44
$-10.43
Q2 25
$0.10
$1.08
Q1 25
$0.10
$0.09
Q4 24
$0.47
Q3 24
$-0.61
$0.69
Q2 24
$-0.36
$0.54
Q1 24
$-4.67
$0.09

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$825.7M
$104.4M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$979.9M
Total Assets
$4.5B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
PRAA
PRAA
Q4 25
$825.7M
$104.4M
Q3 25
$647.6M
$107.5M
Q2 25
$531.8M
$131.6M
Q1 25
$629.0M
$128.7M
Q4 24
$578.0M
$105.9M
Q3 24
$397.5M
$141.1M
Q2 24
$445.7M
$118.9M
Q1 24
$333.2M
$108.1M
Total Debt
IHS
IHS
PRAA
PRAA
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
PRAA
PRAA
Q4 25
$-89.8M
$979.9M
Q3 25
$38.1M
$928.5M
Q2 25
$-98.4M
$1.3B
Q1 25
$-184.4M
$1.2B
Q4 24
$-314.4M
$1.1B
Q3 24
$-284.7M
$1.2B
Q2 24
$-308.3M
$1.1B
Q1 24
$-163.2M
$1.1B
Total Assets
IHS
IHS
PRAA
PRAA
Q4 25
$4.5B
$5.1B
Q3 25
$4.7B
$5.0B
Q2 25
$4.5B
$5.4B
Q1 25
$4.4B
$5.1B
Q4 24
$4.2B
$4.9B
Q3 24
$4.6B
$4.9B
Q2 24
$4.5B
$4.7B
Q1 24
$4.6B
$4.5B
Debt / Equity
IHS
IHS
PRAA
PRAA
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
PRAA
PRAA
Operating Cash FlowLast quarter
$246.9M
$-85.5M
Free Cash FlowOCF − Capex
$178.6M
$-90.4M
FCF MarginFCF / Revenue
70.3%
-27.1%
Capex IntensityCapex / Revenue
26.9%
1.4%
Cash ConversionOCF / Net Profit
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
PRAA
PRAA
Q4 25
$246.9M
$-85.5M
Q3 25
$251.3M
$-10.1M
Q2 25
$237.7M
$-12.9M
Q1 25
$200.3M
$-52.6M
Q4 24
$344.4M
$-94.6M
Q3 24
$174.5M
$-35.0M
Q2 24
$134.7M
$-29.5M
Q1 24
$75.8M
$-73.0M
Free Cash Flow
IHS
IHS
PRAA
PRAA
Q4 25
$178.6M
$-90.4M
Q3 25
$189.2M
$-11.3M
Q2 25
$197.7M
$-14.2M
Q1 25
$153.2M
$-53.5M
Q4 24
$282.9M
$-98.6M
Q3 24
$122.3M
$-36.1M
Q2 24
$74.2M
$-30.8M
Q1 24
$14.8M
$-73.5M
FCF Margin
IHS
IHS
PRAA
PRAA
Q4 25
70.3%
-27.1%
Q3 25
41.6%
-3.6%
Q2 25
45.6%
-4.9%
Q1 25
34.8%
-19.8%
Q4 24
111.5%
-33.6%
Q3 24
29.1%
-12.8%
Q2 24
17.0%
-10.8%
Q1 24
3.5%
-28.8%
Capex Intensity
IHS
IHS
PRAA
PRAA
Q4 25
26.9%
1.4%
Q3 25
13.6%
0.4%
Q2 25
9.2%
0.4%
Q1 25
10.7%
0.3%
Q4 24
24.2%
1.4%
Q3 24
12.4%
0.4%
Q2 24
13.9%
0.5%
Q1 24
14.6%
0.2%
Cash Conversion
IHS
IHS
PRAA
PRAA
Q4 25
-1.51×
Q3 25
1.70×
Q2 25
7.36×
-0.30×
Q1 25
6.52×
-14.37×
Q4 24
-5.13×
Q3 24
-1.29×
Q2 24
-1.37×
Q1 24
-21.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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