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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $219.2M, roughly 1.2× Perella Weinberg Partners). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -2.9%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
IHS vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $219.2M |
| Net Profit | — | $13.8M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 8.5% |
| Net Margin | — | 6.3% |
| Revenue YoY | 0.1% | -2.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.11 |
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.
| Q4 25 | $254.0M | $219.2M | ||
| Q3 25 | $455.1M | $164.6M | ||
| Q2 25 | $433.3M | $155.3M | ||
| Q1 25 | $439.6M | $211.8M | ||
| Q4 24 | $253.8M | $225.7M | ||
| Q3 24 | $420.3M | $278.2M | ||
| Q2 24 | $435.4M | $272.0M | ||
| Q1 24 | $417.7M | $102.1M |
| Q4 25 | — | $13.8M | ||
| Q3 25 | $147.4M | $6.0M | ||
| Q2 25 | $32.3M | $2.7M | ||
| Q1 25 | $30.7M | $17.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-205.7M | $16.4M | ||
| Q2 24 | $-124.3M | $-66.0M | ||
| Q1 24 | $-1.6B | $-35.8M |
| 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% | — |
| Q4 25 | — | 8.5% | ||
| Q3 25 | 35.1% | 5.4% | ||
| Q2 25 | 33.8% | 5.8% | ||
| Q1 25 | 37.1% | 5.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.9% | 12.9% | ||
| Q2 24 | 34.0% | -30.2% | ||
| Q1 24 | -1.7% | -52.4% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 32.4% | 3.6% | ||
| Q2 25 | 7.5% | 1.8% | ||
| Q1 25 | 7.0% | 8.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -48.9% | 5.9% | ||
| Q2 24 | -28.5% | -24.3% | ||
| Q1 24 | -372.8% | -35.1% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $0.44 | $0.08 | ||
| Q2 25 | $0.10 | $0.04 | ||
| Q1 25 | $0.10 | $0.24 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.61 | $0.24 | ||
| Q2 24 | $-0.36 | $-1.21 | ||
| Q1 24 | $-4.67 | $-0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $825.7M | $255.9M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $-127.4M |
| Total Assets | $4.5B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $255.9M | ||
| Q3 25 | $647.6M | $185.5M | ||
| Q2 25 | $531.8M | $145.0M | ||
| Q1 25 | $629.0M | $111.2M | ||
| Q4 24 | $578.0M | $407.4M | ||
| Q3 24 | $397.5M | $335.1M | ||
| Q2 24 | $445.7M | $185.3M | ||
| Q1 24 | $333.2M | $156.7M |
| 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 | — |
| Q4 25 | $-89.8M | $-127.4M | ||
| Q3 25 | $38.1M | $-302.4M | ||
| Q2 25 | $-98.4M | $-318.4M | ||
| Q1 25 | $-184.4M | $-323.1M | ||
| Q4 24 | $-314.4M | $-421.4M | ||
| Q3 24 | $-284.7M | $-360.8M | ||
| Q2 24 | $-308.3M | $-283.0M | ||
| Q1 24 | $-163.2M | $161.9M |
| Q4 25 | $4.5B | $797.6M | ||
| Q3 25 | $4.7B | $650.2M | ||
| Q2 25 | $4.5B | $606.7M | ||
| Q1 25 | $4.4B | $570.5M | ||
| Q4 24 | $4.2B | $876.8M | ||
| Q3 24 | $4.6B | $810.9M | ||
| Q2 24 | $4.5B | $645.5M | ||
| Q1 24 | $4.6B | $583.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $246.9M | $34.8M |
| Free Cash FlowOCF − Capex | $178.6M | $30.5M |
| FCF MarginFCF / Revenue | 70.3% | 13.9% |
| Capex IntensityCapex / Revenue | 26.9% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $34.8M | ||
| Q3 25 | $251.3M | $59.2M | ||
| Q2 25 | $237.7M | $56.1M | ||
| Q1 25 | $200.3M | $-176.5M | ||
| Q4 24 | $344.4M | $223.4M | ||
| Q3 24 | $174.5M | $200.3M | ||
| Q2 24 | $134.7M | $90.0M | ||
| Q1 24 | $75.8M | $-206.3M |
| Q4 25 | $178.6M | $30.5M | ||
| Q3 25 | $189.2M | $57.6M | ||
| Q2 25 | $197.7M | $55.3M | ||
| Q1 25 | $153.2M | $-177.6M | ||
| Q4 24 | $282.9M | $207.0M | ||
| Q3 24 | $122.3M | $199.3M | ||
| Q2 24 | $74.2M | $83.7M | ||
| Q1 24 | $14.8M | $-214.8M |
| Q4 25 | 70.3% | 13.9% | ||
| Q3 25 | 41.6% | 35.0% | ||
| Q2 25 | 45.6% | 35.6% | ||
| Q1 25 | 34.8% | -83.8% | ||
| Q4 24 | 111.5% | 91.7% | ||
| Q3 24 | 29.1% | 71.6% | ||
| Q2 24 | 17.0% | 30.8% | ||
| Q1 24 | 3.5% | -210.3% |
| Q4 25 | 26.9% | 2.0% | ||
| Q3 25 | 13.6% | 0.9% | ||
| Q2 25 | 9.2% | 0.5% | ||
| Q1 25 | 10.7% | 0.5% | ||
| Q4 24 | 24.2% | 7.3% | ||
| Q3 24 | 12.4% | 0.4% | ||
| Q2 24 | 13.9% | 2.3% | ||
| Q1 24 | 14.6% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | 1.70× | 9.85× | ||
| Q2 25 | 7.36× | 20.50× | ||
| Q1 25 | 6.52× | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
