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Side-by-side financial comparison of IHS Holding Ltd (IHS) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $188.3M, roughly 1.3× BRC Group Holdings, Inc.). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -21.9%). Over the past eight quarters, BRC Group Holdings, Inc.'s revenue compounded faster (-15.4% 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.
IHS vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $188.3M |
| Net Profit | — | $90.3M |
| Gross Margin | 83.6% | 79.5% |
| Operating Margin | — | 32.3% |
| Net Margin | — | 47.9% |
| Revenue YoY | 0.1% | -21.9% |
| Net Profit YoY | — | 1710.8% |
| EPS (diluted) | — | $2.78 |
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 | $188.3M | ||
| Q3 25 | $455.1M | $215.3M | ||
| Q2 25 | $433.3M | $188.2M | ||
| Q1 25 | $439.6M | $197.2M | ||
| Q4 24 | $253.8M | $241.0M | ||
| Q3 24 | $420.3M | $225.5M | ||
| Q2 24 | $435.4M | $256.0M | ||
| Q1 24 | $417.7M | $263.4M |
| Q4 25 | — | $90.3M | ||
| Q3 25 | $147.4M | $91.1M | ||
| Q2 25 | $32.3M | $139.5M | ||
| Q1 25 | $30.7M | $-10.0M | ||
| Q4 24 | — | $-5.6M | ||
| Q3 24 | $-205.7M | $-284.4M | ||
| Q2 24 | $-124.3M | $-433.6M | ||
| Q1 24 | $-1.6B | $-49.2M |
| Q4 25 | 83.6% | 79.5% | ||
| Q3 25 | 47.5% | 83.7% | ||
| Q2 25 | 51.3% | 81.3% | ||
| Q1 25 | 51.4% | 81.4% | ||
| Q4 24 | 72.1% | 79.8% | ||
| Q3 24 | 52.0% | 82.1% | ||
| Q2 24 | 52.5% | 84.5% | ||
| Q1 24 | 39.1% | 85.3% |
| Q4 25 | — | 32.3% | ||
| Q3 25 | 35.1% | 30.4% | ||
| Q2 25 | 33.8% | 5.7% | ||
| Q1 25 | 37.1% | -31.2% | ||
| Q4 24 | — | -69.2% | ||
| Q3 24 | 29.9% | -36.4% | ||
| Q2 24 | 34.0% | -90.8% | ||
| Q1 24 | -1.7% | -6.1% |
| Q4 25 | — | 47.9% | ||
| Q3 25 | 32.4% | 42.3% | ||
| Q2 25 | 7.5% | 74.1% | ||
| Q1 25 | 7.0% | -5.1% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -48.9% | -126.1% | ||
| Q2 24 | -28.5% | -169.4% | ||
| Q1 24 | -372.8% | -18.7% |
| Q4 25 | — | $2.78 | ||
| Q3 25 | $0.44 | $2.91 | ||
| Q2 25 | $0.10 | $4.50 | ||
| Q1 25 | $0.10 | $-0.39 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $-0.61 | $-9.39 | ||
| Q2 24 | $-0.36 | $-14.35 | ||
| Q1 24 | $-4.67 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $3.1B | $1.4B |
| Stockholders' EquityBook value | $-89.8M | $-171.5M |
| Total Assets | $4.5B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $226.6M | ||
| Q3 25 | $647.6M | $184.2M | ||
| Q2 25 | $531.8M | $267.4M | ||
| Q1 25 | $629.0M | $138.3M | ||
| Q4 24 | $578.0M | $146.9M | ||
| Q3 24 | $397.5M | $159.2M | ||
| Q2 24 | $445.7M | $236.9M | ||
| Q1 24 | $333.2M | $190.7M |
| Q4 25 | $3.1B | $1.4B | ||
| Q3 25 | $3.3B | $1.3B | ||
| Q2 25 | $3.2B | $1.3B | ||
| Q1 25 | $3.4B | $1.4B | ||
| Q4 24 | $3.3B | $1.5B | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.5B | — |
| Q4 25 | $-89.8M | $-171.5M | ||
| Q3 25 | $38.1M | $-260.5M | ||
| Q2 25 | $-98.4M | $-351.7M | ||
| Q1 25 | $-184.4M | $-496.8M | ||
| Q4 24 | $-314.4M | $-488.2M | ||
| Q3 24 | $-284.7M | $-497.6M | ||
| Q2 24 | $-308.3M | $-218.3M | ||
| Q1 24 | $-163.2M | $228.4M |
| Q4 25 | $4.5B | $1.7B | ||
| Q3 25 | $4.7B | $1.7B | ||
| Q2 25 | $4.5B | $1.5B | ||
| Q1 25 | $4.4B | $1.5B | ||
| Q4 24 | $4.2B | $1.8B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $4.5B | $3.2B | ||
| Q1 24 | $4.6B | $5.0B |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $178.6M | — |
| FCF MarginFCF / Revenue | 70.3% | — |
| Capex IntensityCapex / Revenue | 26.9% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $26.2M | ||
| Q3 25 | $251.3M | $-60.6M | ||
| Q2 25 | $237.7M | $-25.6M | ||
| Q1 25 | $200.3M | $184.0K | ||
| Q4 24 | $344.4M | $-2.7M | ||
| Q3 24 | $174.5M | $19.5M | ||
| Q2 24 | $134.7M | $111.5M | ||
| Q1 24 | $75.8M | $135.4M |
| Q4 25 | $178.6M | — | ||
| Q3 25 | $189.2M | — | ||
| Q2 25 | $197.7M | — | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $282.9M | — | ||
| Q3 24 | $122.3M | — | ||
| Q2 24 | $74.2M | — | ||
| Q1 24 | $14.8M | — |
| Q4 25 | 70.3% | — | ||
| Q3 25 | 41.6% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 34.8% | — | ||
| Q4 24 | 111.5% | — | ||
| Q3 24 | 29.1% | — | ||
| Q2 24 | 17.0% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | 26.9% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.6% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | 1.70× | -0.66× | ||
| Q2 25 | 7.36× | -0.18× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
