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Side-by-side financial comparison of IHS Holding Ltd (IHS) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $212.2M, roughly 1.2× LiveRamp Holdings, Inc.). On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 0.1%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
IHS vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $212.2M |
| Net Profit | — | $39.9M |
| Gross Margin | 83.6% | 71.9% |
| Operating Margin | — | 18.6% |
| Net Margin | — | 18.8% |
| Revenue YoY | 0.1% | 8.6% |
| Net Profit YoY | — | 255.7% |
| EPS (diluted) | — | $0.62 |
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.
| Q4 25 | $254.0M | $212.2M | ||
| Q3 25 | $455.1M | $199.8M | ||
| Q2 25 | $433.3M | $194.8M | ||
| Q1 25 | $439.6M | $188.7M | ||
| Q4 24 | $253.8M | $195.4M | ||
| Q3 24 | $420.3M | $185.5M | ||
| Q2 24 | $435.4M | $176.0M | ||
| Q1 24 | $417.7M | $171.9M |
| Q4 25 | — | $39.9M | ||
| Q3 25 | $147.4M | $27.4M | ||
| Q2 25 | $32.3M | $7.7M | ||
| Q1 25 | $30.7M | $-6.3M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | $-205.7M | $1.7M | ||
| Q2 24 | $-124.3M | $-7.5M | ||
| Q1 24 | $-1.6B | $-5.4M |
| Q4 25 | 83.6% | 71.9% | ||
| Q3 25 | 47.5% | 70.2% | ||
| Q2 25 | 51.3% | 70.1% | ||
| Q1 25 | 51.4% | 69.3% | ||
| Q4 24 | 72.1% | 71.9% | ||
| Q3 24 | 52.0% | 72.4% | ||
| Q2 24 | 52.5% | 70.6% | ||
| Q1 24 | 39.1% | 72.2% |
| Q4 25 | — | 18.6% | ||
| Q3 25 | 35.1% | 10.7% | ||
| Q2 25 | 33.8% | 3.7% | ||
| Q1 25 | 37.1% | -6.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 29.9% | 4.0% | ||
| Q2 24 | 34.0% | -3.0% | ||
| Q1 24 | -1.7% | -8.3% |
| Q4 25 | — | 18.8% | ||
| Q3 25 | 32.4% | 13.7% | ||
| Q2 25 | 7.5% | 4.0% | ||
| Q1 25 | 7.0% | -3.3% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | -48.9% | 0.9% | ||
| Q2 24 | -28.5% | -4.3% | ||
| Q1 24 | -372.8% | -3.1% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $0.44 | $0.42 | ||
| Q2 25 | $0.10 | $0.12 | ||
| Q1 25 | $0.10 | $-0.10 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | $-0.61 | $0.03 | ||
| Q2 24 | $-0.36 | $-0.11 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $825.7M | $403.4M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $962.3M |
| Total Assets | $4.5B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $403.4M | ||
| Q3 25 | $647.6M | $376.9M | ||
| Q2 25 | $531.8M | $371.1M | ||
| Q1 25 | $629.0M | $420.8M | ||
| Q4 24 | $578.0M | $384.3M | ||
| Q3 24 | $397.5M | $348.4M | ||
| Q2 24 | $445.7M | $342.7M | ||
| Q1 24 | $333.2M | $368.9M |
| 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 | $962.3M | ||
| Q3 25 | $38.1M | $943.8M | ||
| Q2 25 | $-98.4M | $947.8M | ||
| Q1 25 | $-184.4M | $948.9M | ||
| Q4 24 | $-314.4M | $957.7M | ||
| Q3 24 | $-284.7M | $932.1M | ||
| Q2 24 | $-308.3M | $951.9M | ||
| Q1 24 | $-163.2M | $949.1M |
| Q4 25 | $4.5B | $1.3B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.4B | $1.3B | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $4.6B | $1.2B | ||
| Q2 24 | $4.5B | $1.2B | ||
| Q1 24 | $4.6B | $1.2B |
| 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 | — |
| Free Cash FlowOCF − Capex | $178.6M | — |
| FCF MarginFCF / Revenue | 70.3% | — |
| Capex IntensityCapex / Revenue | 26.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | — | ||
| Q3 25 | $251.3M | $57.4M | ||
| Q2 25 | $237.7M | $-15.8M | ||
| Q1 25 | $200.3M | — | ||
| Q4 24 | $344.4M | $45.1M | ||
| Q3 24 | $174.5M | $55.6M | ||
| Q2 24 | $134.7M | $-9.3M | ||
| Q1 24 | $75.8M | — |
| Q4 25 | $178.6M | — | ||
| Q3 25 | $189.2M | $56.8M | ||
| Q2 25 | $197.7M | $-16.2M | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $282.9M | $44.8M | ||
| Q3 24 | $122.3M | $55.4M | ||
| Q2 24 | $74.2M | $-9.6M | ||
| Q1 24 | $14.8M | — |
| Q4 25 | 70.3% | — | ||
| Q3 25 | 41.6% | 28.4% | ||
| Q2 25 | 45.6% | -8.3% | ||
| Q1 25 | 34.8% | — | ||
| Q4 24 | 111.5% | 22.9% | ||
| Q3 24 | 29.1% | 29.8% | ||
| Q2 24 | 17.0% | -5.4% | ||
| Q1 24 | 3.5% | — |
| Q4 25 | 26.9% | 0.1% | ||
| Q3 25 | 13.6% | 0.3% | ||
| Q2 25 | 9.2% | 0.2% | ||
| Q1 25 | 10.7% | 0.2% | ||
| Q4 24 | 24.2% | 0.1% | ||
| Q3 24 | 12.4% | 0.1% | ||
| Q2 24 | 13.9% | 0.1% | ||
| Q1 24 | 14.6% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | 2.09× | ||
| Q2 25 | 7.36× | -2.04× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
