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

RBC Bearings INC is the larger business by last-quarter revenue ($461.6M vs $254.0M, roughly 1.8× IHS Holding Ltd). On growth, RBC Bearings INC posted the faster year-over-year revenue change (17.0% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $99.1M). Over the past eight quarters, RBC Bearings INC's revenue compounded faster (5.6% 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.

Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...

IHS vs RBC — Head-to-Head

Bigger by revenue
RBC
RBC
1.8× larger
RBC
$461.6M
$254.0M
IHS
Growing faster (revenue YoY)
RBC
RBC
+17.0% gap
RBC
17.0%
0.1%
IHS
More free cash flow
IHS
IHS
$79.5M more FCF
IHS
$178.6M
$99.1M
RBC
Faster 2-yr revenue CAGR
RBC
RBC
Annualised
RBC
5.6%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IHS
IHS
RBC
RBC
Revenue
$254.0M
$461.6M
Net Profit
$67.4M
Gross Margin
83.6%
44.3%
Operating Margin
22.3%
Net Margin
14.6%
Revenue YoY
0.1%
17.0%
Net Profit YoY
16.4%
EPS (diluted)
$2.13

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
RBC
RBC
Q4 25
$254.0M
$461.6M
Q3 25
$455.1M
$455.3M
Q2 25
$433.3M
$436.0M
Q1 25
$439.6M
$437.7M
Q4 24
$253.8M
$394.4M
Q3 24
$420.3M
$397.9M
Q2 24
$435.4M
$406.3M
Q1 24
$417.7M
$413.7M
Net Profit
IHS
IHS
RBC
RBC
Q4 25
$67.4M
Q3 25
$147.4M
$60.0M
Q2 25
$32.3M
$68.5M
Q1 25
$30.7M
$72.7M
Q4 24
$57.9M
Q3 24
$-205.7M
$54.2M
Q2 24
$-124.3M
$61.4M
Q1 24
$-1.6B
Gross Margin
IHS
IHS
RBC
RBC
Q4 25
83.6%
44.3%
Q3 25
47.5%
44.1%
Q2 25
51.3%
44.8%
Q1 25
51.4%
44.2%
Q4 24
72.1%
44.3%
Q3 24
52.0%
43.7%
Q2 24
52.5%
45.3%
Q1 24
39.1%
43.1%
Operating Margin
IHS
IHS
RBC
RBC
Q4 25
22.3%
Q3 25
35.1%
21.5%
Q2 25
33.8%
23.2%
Q1 25
37.1%
23.0%
Q4 24
21.7%
Q3 24
29.9%
21.6%
Q2 24
34.0%
24.0%
Q1 24
-1.7%
22.8%
Net Margin
IHS
IHS
RBC
RBC
Q4 25
14.6%
Q3 25
32.4%
13.2%
Q2 25
7.5%
15.7%
Q1 25
7.0%
16.6%
Q4 24
14.7%
Q3 24
-48.9%
13.6%
Q2 24
-28.5%
15.1%
Q1 24
-372.8%
EPS (diluted)
IHS
IHS
RBC
RBC
Q4 25
$2.13
Q3 25
$0.44
$1.90
Q2 25
$0.10
$2.17
Q1 25
$0.10
$2.33
Q4 24
$1.82
Q3 24
$-0.61
$1.65
Q2 24
$-0.36
$1.90
Q1 24
$-4.67
$1.92

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
RBC
RBC
Cash + ST InvestmentsLiquidity on hand
$825.7M
$107.6M
Total DebtLower is stronger
$3.1B
$990.2M
Stockholders' EquityBook value
$-89.8M
$3.3B
Total Assets
$4.5B
$5.1B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
RBC
RBC
Q4 25
$825.7M
$107.6M
Q3 25
$647.6M
$91.2M
Q2 25
$531.8M
$132.9M
Q1 25
$629.0M
$36.8M
Q4 24
$578.0M
Q3 24
$397.5M
Q2 24
$445.7M
$76.8M
Q1 24
$333.2M
$63.5M
Total Debt
IHS
IHS
RBC
RBC
Q4 25
$3.1B
$990.2M
Q3 25
$3.3B
$1.1B
Q2 25
$3.2B
$915.6M
Q1 25
$3.4B
$920.1M
Q4 24
$3.3B
Q3 24
$3.5B
Q2 24
$3.6B
Q1 24
$3.5B
$1.2B
Stockholders' Equity
IHS
IHS
RBC
RBC
Q4 25
$-89.8M
$3.3B
Q3 25
$38.1M
$3.2B
Q2 25
$-98.4M
$3.1B
Q1 25
$-184.4M
$3.0B
Q4 24
$-314.4M
$2.9B
Q3 24
$-284.7M
$2.9B
Q2 24
$-308.3M
$2.8B
Q1 24
$-163.2M
$2.8B
Total Assets
IHS
IHS
RBC
RBC
Q4 25
$4.5B
$5.1B
Q3 25
$4.7B
$5.1B
Q2 25
$4.5B
$4.8B
Q1 25
$4.4B
$4.7B
Q4 24
$4.2B
$4.7B
Q3 24
$4.6B
$4.7B
Q2 24
$4.5B
$4.7B
Q1 24
$4.6B
$4.7B
Debt / Equity
IHS
IHS
RBC
RBC
Q4 25
0.30×
Q3 25
85.85×
0.34×
Q2 25
0.29×
Q1 25
0.30×
Q4 24
Q3 24
Q2 24
Q1 24
0.43×

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
RBC
RBC
Operating Cash FlowLast quarter
$246.9M
$122.1M
Free Cash FlowOCF − Capex
$178.6M
$99.1M
FCF MarginFCF / Revenue
70.3%
21.5%
Capex IntensityCapex / Revenue
26.9%
5.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
RBC
RBC
Q4 25
$246.9M
$122.1M
Q3 25
$251.3M
$88.4M
Q2 25
$237.7M
$120.0M
Q1 25
$200.3M
Q4 24
$344.4M
$84.0M
Q3 24
$174.5M
Q2 24
$134.7M
$97.4M
Q1 24
$75.8M
Free Cash Flow
IHS
IHS
RBC
RBC
Q4 25
$178.6M
$99.1M
Q3 25
$189.2M
$71.7M
Q2 25
$197.7M
$104.3M
Q1 25
$153.2M
Q4 24
$282.9M
$73.6M
Q3 24
$122.3M
Q2 24
$74.2M
$88.4M
Q1 24
$14.8M
FCF Margin
IHS
IHS
RBC
RBC
Q4 25
70.3%
21.5%
Q3 25
41.6%
15.7%
Q2 25
45.6%
23.9%
Q1 25
34.8%
Q4 24
111.5%
18.7%
Q3 24
29.1%
Q2 24
17.0%
21.8%
Q1 24
3.5%
Capex Intensity
IHS
IHS
RBC
RBC
Q4 25
26.9%
5.0%
Q3 25
13.6%
3.7%
Q2 25
9.2%
3.6%
Q1 25
10.7%
3.2%
Q4 24
24.2%
2.6%
Q3 24
12.4%
4.1%
Q2 24
13.9%
2.2%
Q1 24
14.6%
Cash Conversion
IHS
IHS
RBC
RBC
Q4 25
1.81×
Q3 25
1.70×
1.47×
Q2 25
7.36×
1.75×
Q1 25
6.52×
Q4 24
1.45×
Q3 24
Q2 24
1.59×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

RBC
RBC

Domestic$413.3M90%
Foreign$48.3M10%

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