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Side-by-side financial comparison of IHS Holding Ltd (IHS) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $164.7M, roughly 1.5× PTC THERAPEUTICS, INC.). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -22.7%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-36.6M). Over the past eight quarters, PTC THERAPEUTICS, INC.'s revenue compounded faster (-11.5% 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.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

IHS vs PTCT — Head-to-Head

Bigger by revenue
IHS
IHS
1.5× larger
IHS
$254.0M
$164.7M
PTCT
Growing faster (revenue YoY)
IHS
IHS
+22.8% gap
IHS
0.1%
-22.7%
PTCT
More free cash flow
IHS
IHS
$215.2M more FCF
IHS
$178.6M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
PTCT
PTCT
Annualised
PTCT
-11.5%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
PTCT
PTCT
Revenue
$254.0M
$164.7M
Net Profit
$-135.0M
Gross Margin
83.6%
Operating Margin
-43.3%
Net Margin
-82.0%
Revenue YoY
0.1%
-22.7%
Net Profit YoY
-104.8%
EPS (diluted)
$-1.63

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
PTCT
PTCT
Q4 25
$254.0M
$164.7M
Q3 25
$455.1M
$211.0M
Q2 25
$433.3M
$178.9M
Q1 25
$439.6M
$1.2B
Q4 24
$253.8M
$213.2M
Q3 24
$420.3M
$196.8M
Q2 24
$435.4M
$186.7M
Q1 24
$417.7M
$210.1M
Net Profit
IHS
IHS
PTCT
PTCT
Q4 25
$-135.0M
Q3 25
$147.4M
$15.9M
Q2 25
$32.3M
$-64.8M
Q1 25
$30.7M
$866.6M
Q4 24
$-65.9M
Q3 24
$-205.7M
$-106.7M
Q2 24
$-124.3M
$-99.2M
Q1 24
$-1.6B
$-91.6M
Gross Margin
IHS
IHS
PTCT
PTCT
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
PTCT
PTCT
Q4 25
-43.3%
Q3 25
35.1%
1.4%
Q2 25
33.8%
-19.5%
Q1 25
37.1%
82.5%
Q4 24
-76.2%
Q3 24
29.9%
-27.7%
Q2 24
34.0%
-21.5%
Q1 24
-1.7%
-21.6%
Net Margin
IHS
IHS
PTCT
PTCT
Q4 25
-82.0%
Q3 25
32.4%
7.5%
Q2 25
7.5%
-36.3%
Q1 25
7.0%
73.7%
Q4 24
-30.9%
Q3 24
-48.9%
-54.2%
Q2 24
-28.5%
-53.1%
Q1 24
-372.8%
-43.6%
EPS (diluted)
IHS
IHS
PTCT
PTCT
Q4 25
$-1.63
Q3 25
$0.44
$0.20
Q2 25
$0.10
$-0.83
Q1 25
$0.10
$10.04
Q4 24
$-0.85
Q3 24
$-0.61
$-1.39
Q2 24
$-0.36
$-1.29
Q1 24
$-4.67
$-1.20

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$825.7M
$1.9B
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$-205.3M
Total Assets
$4.5B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
PTCT
PTCT
Q4 25
$825.7M
$1.9B
Q3 25
$647.6M
$1.7B
Q2 25
$531.8M
$2.0B
Q1 25
$629.0M
$2.0B
Q4 24
$578.0M
$1.1B
Q3 24
$397.5M
$1.0B
Q2 24
$445.7M
$1.1B
Q1 24
$333.2M
$884.8M
Total Debt
IHS
IHS
PTCT
PTCT
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
PTCT
PTCT
Q4 25
$-89.8M
$-205.3M
Q3 25
$38.1M
$-155.8M
Q2 25
$-98.4M
$-206.5M
Q1 25
$-184.4M
$-185.8M
Q4 24
$-314.4M
$-1.1B
Q3 24
$-284.7M
$-1.1B
Q2 24
$-308.3M
$-980.2M
Q1 24
$-163.2M
$-893.9M
Total Assets
IHS
IHS
PTCT
PTCT
Q4 25
$4.5B
$2.9B
Q3 25
$4.7B
$2.6B
Q2 25
$4.5B
$2.6B
Q1 25
$4.4B
$2.7B
Q4 24
$4.2B
$1.7B
Q3 24
$4.6B
$1.8B
Q2 24
$4.5B
$1.9B
Q1 24
$4.6B
$1.8B
Debt / Equity
IHS
IHS
PTCT
PTCT
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
PTCT
PTCT
Operating Cash FlowLast quarter
$246.9M
$-34.3M
Free Cash FlowOCF − Capex
$178.6M
$-36.6M
FCF MarginFCF / Revenue
70.3%
-22.3%
Capex IntensityCapex / Revenue
26.9%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
PTCT
PTCT
Q4 25
$246.9M
$-34.3M
Q3 25
$251.3M
$-66.3M
Q2 25
$237.7M
$-58.3M
Q1 25
$200.3M
$870.1M
Q4 24
$344.4M
$-30.0M
Q3 24
$174.5M
$-77.0M
Q2 24
$134.7M
$-71.5M
Q1 24
$75.8M
$70.8M
Free Cash Flow
IHS
IHS
PTCT
PTCT
Q4 25
$178.6M
$-36.6M
Q3 25
$189.2M
$-69.7M
Q2 25
$197.7M
$-59.6M
Q1 25
$153.2M
$868.4M
Q4 24
$282.9M
$-33.8M
Q3 24
$122.3M
$-77.5M
Q2 24
$74.2M
$-78.8M
Q1 24
$14.8M
$61.2M
FCF Margin
IHS
IHS
PTCT
PTCT
Q4 25
70.3%
-22.3%
Q3 25
41.6%
-33.1%
Q2 25
45.6%
-33.3%
Q1 25
34.8%
73.8%
Q4 24
111.5%
-15.8%
Q3 24
29.1%
-39.4%
Q2 24
17.0%
-42.2%
Q1 24
3.5%
29.1%
Capex Intensity
IHS
IHS
PTCT
PTCT
Q4 25
26.9%
1.4%
Q3 25
13.6%
1.6%
Q2 25
9.2%
0.7%
Q1 25
10.7%
0.1%
Q4 24
24.2%
1.8%
Q3 24
12.4%
0.3%
Q2 24
13.9%
4.0%
Q1 24
14.6%
4.6%
Cash Conversion
IHS
IHS
PTCT
PTCT
Q4 25
Q3 25
1.70×
-4.17×
Q2 25
7.36×
Q1 25
6.52×
1.00×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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