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Side-by-side financial comparison of IHS Holding Ltd (IHS) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $168.3M, roughly 1.5× PARK NATIONAL CORP). On growth, PARK NATIONAL CORP posted the faster year-over-year revenue change (2.2% vs 0.1%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $178.6M). Over the past eight quarters, PARK NATIONAL CORP's revenue compounded faster (4.9% 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.

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

IHS vs PRK — Head-to-Head

Bigger by revenue
IHS
IHS
1.5× larger
IHS
$254.0M
$168.3M
PRK
Growing faster (revenue YoY)
PRK
PRK
+2.1% gap
PRK
2.2%
0.1%
IHS
More free cash flow
PRK
PRK
$13.3M more FCF
PRK
$191.9M
$178.6M
IHS
Faster 2-yr revenue CAGR
PRK
PRK
Annualised
PRK
4.9%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
PRK
PRK
Revenue
$254.0M
$168.3M
Net Profit
$42.6M
Gross Margin
83.6%
Operating Margin
Net Margin
25.3%
Revenue YoY
0.1%
2.2%
Net Profit YoY
10.4%
EPS (diluted)
$2.62

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
PRK
PRK
Q4 25
$254.0M
$168.3M
Q3 25
$455.1M
$169.5M
Q2 25
$433.3M
$168.7M
Q1 25
$439.6M
$157.9M
Q4 24
$253.8M
$164.7M
Q3 24
$420.3M
$170.3M
Q2 24
$435.4M
$157.7M
Q1 24
$417.7M
$152.8M
Net Profit
IHS
IHS
PRK
PRK
Q4 25
$42.6M
Q3 25
$147.4M
$47.2M
Q2 25
$32.3M
$48.1M
Q1 25
$30.7M
$42.2M
Q4 24
$38.6M
Q3 24
$-205.7M
$38.2M
Q2 24
$-124.3M
$39.4M
Q1 24
$-1.6B
$35.2M
Gross Margin
IHS
IHS
PRK
PRK
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
PRK
PRK
Q4 25
Q3 25
35.1%
34.3%
Q2 25
33.8%
35.2%
Q1 25
37.1%
32.4%
Q4 24
Q3 24
29.9%
27.4%
Q2 24
34.0%
30.6%
Q1 24
-1.7%
27.8%
Net Margin
IHS
IHS
PRK
PRK
Q4 25
25.3%
Q3 25
32.4%
27.8%
Q2 25
7.5%
28.5%
Q1 25
7.0%
26.7%
Q4 24
23.5%
Q3 24
-48.9%
22.4%
Q2 24
-28.5%
25.0%
Q1 24
-372.8%
23.0%
EPS (diluted)
IHS
IHS
PRK
PRK
Q4 25
$2.62
Q3 25
$0.44
$2.92
Q2 25
$0.10
$2.97
Q1 25
$0.10
$2.60
Q4 24
$2.38
Q3 24
$-0.61
$2.35
Q2 24
$-0.36
$2.42
Q1 24
$-4.67
$2.17

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
PRK
PRK
Cash + ST InvestmentsLiquidity on hand
$825.7M
$233.5M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$1.4B
Total Assets
$4.5B
$9.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
PRK
PRK
Q4 25
$825.7M
$233.5M
Q3 25
$647.6M
$218.9M
Q2 25
$531.8M
$193.1M
Q1 25
$629.0M
$237.6M
Q4 24
$578.0M
$160.6M
Q3 24
$397.5M
$201.7M
Q2 24
$445.7M
$261.5M
Q1 24
$333.2M
$306.1M
Total Debt
IHS
IHS
PRK
PRK
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
PRK
PRK
Q4 25
$-89.8M
$1.4B
Q3 25
$38.1M
$1.3B
Q2 25
$-98.4M
$1.3B
Q1 25
$-184.4M
$1.3B
Q4 24
$-314.4M
$1.2B
Q3 24
$-284.7M
$1.2B
Q2 24
$-308.3M
$1.2B
Q1 24
$-163.2M
$1.2B
Total Assets
IHS
IHS
PRK
PRK
Q4 25
$4.5B
$9.8B
Q3 25
$4.7B
$9.9B
Q2 25
$4.5B
$9.9B
Q1 25
$4.4B
$9.9B
Q4 24
$4.2B
$9.8B
Q3 24
$4.6B
$9.9B
Q2 24
$4.5B
$9.9B
Q1 24
$4.6B
$9.9B
Debt / Equity
IHS
IHS
PRK
PRK
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
PRK
PRK
Operating Cash FlowLast quarter
$246.9M
$198.3M
Free Cash FlowOCF − Capex
$178.6M
$191.9M
FCF MarginFCF / Revenue
70.3%
114.1%
Capex IntensityCapex / Revenue
26.9%
3.8%
Cash ConversionOCF / Net Profit
4.65×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$328.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
PRK
PRK
Q4 25
$246.9M
$198.3M
Q3 25
$251.3M
$52.6M
Q2 25
$237.7M
$49.7M
Q1 25
$200.3M
$37.9M
Q4 24
$344.4M
$178.8M
Q3 24
$174.5M
$43.8M
Q2 24
$134.7M
$50.9M
Q1 24
$75.8M
$35.0M
Free Cash Flow
IHS
IHS
PRK
PRK
Q4 25
$178.6M
$191.9M
Q3 25
$189.2M
$51.1M
Q2 25
$197.7M
$48.4M
Q1 25
$153.2M
$36.8M
Q4 24
$282.9M
$169.7M
Q3 24
$122.3M
$41.7M
Q2 24
$74.2M
$49.0M
Q1 24
$14.8M
$31.9M
FCF Margin
IHS
IHS
PRK
PRK
Q4 25
70.3%
114.1%
Q3 25
41.6%
30.1%
Q2 25
45.6%
28.7%
Q1 25
34.8%
23.3%
Q4 24
111.5%
103.0%
Q3 24
29.1%
24.5%
Q2 24
17.0%
31.1%
Q1 24
3.5%
20.8%
Capex Intensity
IHS
IHS
PRK
PRK
Q4 25
26.9%
3.8%
Q3 25
13.6%
0.9%
Q2 25
9.2%
0.8%
Q1 25
10.7%
0.7%
Q4 24
24.2%
5.6%
Q3 24
12.4%
1.2%
Q2 24
13.9%
1.2%
Q1 24
14.6%
2.1%
Cash Conversion
IHS
IHS
PRK
PRK
Q4 25
4.65×
Q3 25
1.70×
1.11×
Q2 25
7.36×
1.03×
Q1 25
6.52×
0.90×
Q4 24
4.63×
Q3 24
1.14×
Q2 24
1.29×
Q1 24
0.99×

Financial Flow Comparison

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

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