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Side-by-side financial comparison of IHS Holding Ltd (IHS) and PERDOCEO EDUCATION Corp (PRDO). Click either name above to swap in a different company.

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $211.6M, roughly 1.2× PERDOCEO EDUCATION Corp). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $37.9M). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% 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.

Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.

IHS vs PRDO — Head-to-Head

Bigger by revenue
IHS
IHS
1.2× larger
IHS
$254.0M
$211.6M
PRDO
Growing faster (revenue YoY)
PRDO
PRDO
+19.9% gap
PRDO
20.0%
0.1%
IHS
More free cash flow
IHS
IHS
$140.7M more FCF
IHS
$178.6M
$37.9M
PRDO
Faster 2-yr revenue CAGR
PRDO
PRDO
Annualised
PRDO
12.2%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
PRDO
PRDO
Revenue
$254.0M
$211.6M
Net Profit
Gross Margin
83.6%
Operating Margin
19.8%
Net Margin
Revenue YoY
0.1%
20.0%
Net Profit YoY
EPS (diluted)
$0.55

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
PRDO
PRDO
Q4 25
$254.0M
$211.6M
Q3 25
$455.1M
$211.9M
Q2 25
$433.3M
$209.6M
Q1 25
$439.6M
$213.0M
Q4 24
$253.8M
$176.4M
Q3 24
$420.3M
$169.8M
Q2 24
$435.4M
$166.7M
Q1 24
$417.7M
$168.3M
Net Profit
IHS
IHS
PRDO
PRDO
Q4 25
Q3 25
$147.4M
$39.9M
Q2 25
$32.3M
$41.0M
Q1 25
$30.7M
$43.7M
Q4 24
Q3 24
$-205.7M
$38.3M
Q2 24
$-124.3M
$38.4M
Q1 24
$-1.6B
$39.4M
Gross Margin
IHS
IHS
PRDO
PRDO
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
PRDO
PRDO
Q4 25
19.8%
Q3 25
35.1%
24.1%
Q2 25
33.8%
24.5%
Q1 25
37.1%
24.3%
Q4 24
21.1%
Q3 24
29.9%
26.4%
Q2 24
34.0%
27.6%
Q1 24
-1.7%
27.5%
Net Margin
IHS
IHS
PRDO
PRDO
Q4 25
Q3 25
32.4%
18.8%
Q2 25
7.5%
19.6%
Q1 25
7.0%
20.5%
Q4 24
Q3 24
-48.9%
22.5%
Q2 24
-28.5%
23.0%
Q1 24
-372.8%
23.4%
EPS (diluted)
IHS
IHS
PRDO
PRDO
Q4 25
$0.55
Q3 25
$0.44
$0.60
Q2 25
$0.10
$0.62
Q1 25
$0.10
$0.65
Q4 24
$0.46
Q3 24
$-0.61
$0.57
Q2 24
$-0.36
$0.57
Q1 24
$-4.67
$0.59

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
PRDO
PRDO
Cash + ST InvestmentsLiquidity on hand
$825.7M
$111.0M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$972.4M
Total Assets
$4.5B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
PRDO
PRDO
Q4 25
$825.7M
$111.0M
Q3 25
$647.6M
$159.5M
Q2 25
$531.8M
$172.1M
Q1 25
$629.0M
$132.1M
Q4 24
$578.0M
$109.1M
Q3 24
$397.5M
$238.0M
Q2 24
$445.7M
$127.9M
Q1 24
$333.2M
$125.8M
Total Debt
IHS
IHS
PRDO
PRDO
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
PRDO
PRDO
Q4 25
$-89.8M
$972.4M
Q3 25
$38.1M
$997.9M
Q2 25
$-98.4M
$984.6M
Q1 25
$-184.4M
$970.3M
Q4 24
$-314.4M
$959.5M
Q3 24
$-284.7M
$935.4M
Q2 24
$-308.3M
$899.5M
Q1 24
$-163.2M
$866.1M
Total Assets
IHS
IHS
PRDO
PRDO
Q4 25
$4.5B
$1.2B
Q3 25
$4.7B
$1.3B
Q2 25
$4.5B
$1.3B
Q1 25
$4.4B
$1.3B
Q4 24
$4.2B
$1.2B
Q3 24
$4.6B
$1.1B
Q2 24
$4.5B
$1.1B
Q1 24
$4.6B
$1.1B
Debt / Equity
IHS
IHS
PRDO
PRDO
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
PRDO
PRDO
Operating Cash FlowLast quarter
$246.9M
$40.1M
Free Cash FlowOCF − Capex
$178.6M
$37.9M
FCF MarginFCF / Revenue
70.3%
17.9%
Capex IntensityCapex / Revenue
26.9%
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$216.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
PRDO
PRDO
Q4 25
$246.9M
$40.1M
Q3 25
$251.3M
$41.2M
Q2 25
$237.7M
$78.8M
Q1 25
$200.3M
$65.1M
Q4 24
$344.4M
$17.6M
Q3 24
$174.5M
$51.0M
Q2 24
$134.7M
$38.5M
Q1 24
$75.8M
$54.5M
Free Cash Flow
IHS
IHS
PRDO
PRDO
Q4 25
$178.6M
$37.9M
Q3 25
$189.2M
$39.4M
Q2 25
$197.7M
$76.0M
Q1 25
$153.2M
$63.4M
Q4 24
$282.9M
$16.0M
Q3 24
$122.3M
$50.0M
Q2 24
$74.2M
$37.7M
Q1 24
$14.8M
$53.3M
FCF Margin
IHS
IHS
PRDO
PRDO
Q4 25
70.3%
17.9%
Q3 25
41.6%
18.6%
Q2 25
45.6%
36.3%
Q1 25
34.8%
29.8%
Q4 24
111.5%
9.1%
Q3 24
29.1%
29.4%
Q2 24
17.0%
22.6%
Q1 24
3.5%
31.7%
Capex Intensity
IHS
IHS
PRDO
PRDO
Q4 25
26.9%
1.1%
Q3 25
13.6%
0.9%
Q2 25
9.2%
1.3%
Q1 25
10.7%
0.8%
Q4 24
24.2%
0.9%
Q3 24
12.4%
0.6%
Q2 24
13.9%
0.5%
Q1 24
14.6%
0.7%
Cash Conversion
IHS
IHS
PRDO
PRDO
Q4 25
Q3 25
1.70×
1.03×
Q2 25
7.36×
1.92×
Q1 25
6.52×
1.49×
Q4 24
Q3 24
1.33×
Q2 24
1.00×
Q1 24
1.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

PRDO
PRDO

CTU$107.0M51%
AIUS$60.8M29%
University Of St Augustine For Health Sciences Llc$43.7M21%
Other$1.1M1%

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