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Side-by-side financial comparison of IHS Holding Ltd (IHS) and ROGERS CORP (ROG). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $200.5M, roughly 1.3× ROGERS CORP). On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $1.1M). Over the past eight quarters, ROGERS CORP's revenue compounded faster (-3.3% 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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
IHS vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $200.5M |
| Net Profit | — | $4.5M |
| Gross Margin | 83.6% | 32.2% |
| Operating Margin | — | — |
| Net Margin | — | 2.2% |
| Revenue YoY | 0.1% | 5.2% |
| Net Profit YoY | — | 421.4% |
| EPS (diluted) | — | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $254.0M | $201.5M | ||
| Q3 25 | $455.1M | $216.0M | ||
| Q2 25 | $433.3M | $202.8M | ||
| Q1 25 | $439.6M | $190.5M | ||
| Q4 24 | $253.8M | $192.2M | ||
| Q3 24 | $420.3M | $210.3M | ||
| Q2 24 | $435.4M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $4.6M | ||
| Q3 25 | $147.4M | $8.6M | ||
| Q2 25 | $32.3M | $-73.6M | ||
| Q1 25 | $30.7M | $-1.4M | ||
| Q4 24 | — | $-500.0K | ||
| Q3 24 | $-205.7M | $10.7M | ||
| Q2 24 | $-124.3M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 83.6% | 31.5% | ||
| Q3 25 | 47.5% | 33.5% | ||
| Q2 25 | 51.3% | 31.6% | ||
| Q1 25 | 51.4% | 29.9% | ||
| Q4 24 | 72.1% | 32.1% | ||
| Q3 24 | 52.0% | 35.2% | ||
| Q2 24 | 52.5% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | 35.1% | 7.3% | ||
| Q2 25 | 33.8% | -33.3% | ||
| Q1 25 | 37.1% | -0.2% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | 29.9% | 6.9% | ||
| Q2 24 | 34.0% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 32.4% | 4.0% | ||
| Q2 25 | 7.5% | -36.3% | ||
| Q1 25 | 7.0% | -0.7% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | -48.9% | 5.1% | ||
| Q2 24 | -28.5% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $0.44 | $0.48 | ||
| Q2 25 | $0.10 | $-4.00 | ||
| Q1 25 | $0.10 | $-0.08 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | $-0.61 | $0.58 | ||
| Q2 24 | $-0.36 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $1.2B |
| Total Assets | $4.5B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $825.7M | $197.0M | ||
| Q3 25 | $647.6M | $167.8M | ||
| Q2 25 | $531.8M | $157.2M | ||
| Q1 25 | $629.0M | $175.6M | ||
| Q4 24 | $578.0M | $159.8M | ||
| Q3 24 | $397.5M | $146.4M | ||
| Q2 24 | $445.7M | $119.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | $-89.8M | $1.2B | ||
| Q3 25 | $38.1M | $1.2B | ||
| Q2 25 | $-98.4M | $1.2B | ||
| Q1 25 | $-184.4M | $1.3B | ||
| Q4 24 | $-314.4M | $1.3B | ||
| Q3 24 | $-284.7M | $1.3B | ||
| Q2 24 | $-308.3M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $4.5B | $1.4B | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.5B | $1.5B | ||
| Q1 25 | $4.4B | $1.5B | ||
| Q4 24 | $4.2B | $1.5B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $4.5B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $5.8M |
| Free Cash FlowOCF − Capex | $178.6M | $1.1M |
| FCF MarginFCF / Revenue | 70.3% | 0.5% |
| Capex IntensityCapex / Revenue | 26.9% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $246.9M | $46.9M | ||
| Q3 25 | $251.3M | $28.9M | ||
| Q2 25 | $237.7M | $13.7M | ||
| Q1 25 | $200.3M | $11.7M | ||
| Q4 24 | $344.4M | $33.7M | ||
| Q3 24 | $174.5M | $42.4M | ||
| Q2 24 | $134.7M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $178.6M | $42.2M | ||
| Q3 25 | $189.2M | $21.2M | ||
| Q2 25 | $197.7M | $5.6M | ||
| Q1 25 | $153.2M | $2.1M | ||
| Q4 24 | $282.9M | $18.3M | ||
| Q3 24 | $122.3M | $25.2M | ||
| Q2 24 | $74.2M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 70.3% | 20.9% | ||
| Q3 25 | 41.6% | 9.8% | ||
| Q2 25 | 45.6% | 2.8% | ||
| Q1 25 | 34.8% | 1.1% | ||
| Q4 24 | 111.5% | 9.5% | ||
| Q3 24 | 29.1% | 12.0% | ||
| Q2 24 | 17.0% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 26.9% | 2.3% | ||
| Q3 25 | 13.6% | 3.6% | ||
| Q2 25 | 9.2% | 4.0% | ||
| Q1 25 | 10.7% | 5.0% | ||
| Q4 24 | 24.2% | 8.0% | ||
| Q3 24 | 12.4% | 8.2% | ||
| Q2 24 | 13.9% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | 1.70× | 3.36× | ||
| Q2 25 | 7.36× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
