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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Root, Inc. (ROOT). Click either name above to swap in a different company.

Root, Inc. is the larger business by last-quarter revenue ($397.0M vs $254.0M, roughly 1.6× IHS Holding Ltd). On growth, Root, Inc. posted the faster year-over-year revenue change (21.5% vs 0.1%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% 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.

Root Insurance Company is an online car insurance company operating in the United States.

IHS vs ROOT — Head-to-Head

Bigger by revenue
ROOT
ROOT
1.6× larger
ROOT
$397.0M
$254.0M
IHS
Growing faster (revenue YoY)
ROOT
ROOT
+21.4% gap
ROOT
21.5%
0.1%
IHS
Faster 2-yr revenue CAGR
ROOT
ROOT
Annualised
ROOT
24.8%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
ROOT
ROOT
Revenue
$254.0M
$397.0M
Net Profit
Gross Margin
83.6%
Operating Margin
2.6%
Net Margin
Revenue YoY
0.1%
21.5%
Net Profit YoY
EPS (diluted)
$0.35

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
ROOT
ROOT
Q4 25
$254.0M
$397.0M
Q3 25
$455.1M
$387.8M
Q2 25
$433.3M
$382.9M
Q1 25
$439.6M
$349.4M
Q4 24
$253.8M
$326.7M
Q3 24
$420.3M
$305.7M
Q2 24
$435.4M
$289.2M
Q1 24
$417.7M
$254.9M
Net Profit
IHS
IHS
ROOT
ROOT
Q4 25
Q3 25
$147.4M
$-5.4M
Q2 25
$32.3M
$22.0M
Q1 25
$30.7M
$18.4M
Q4 24
Q3 24
$-205.7M
$22.8M
Q2 24
$-124.3M
$-7.8M
Q1 24
$-1.6B
$-6.2M
Gross Margin
IHS
IHS
ROOT
ROOT
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%
Operating Margin
IHS
IHS
ROOT
ROOT
Q4 25
2.6%
Q3 25
35.1%
0.1%
Q2 25
33.8%
7.1%
Q1 25
37.1%
6.8%
Q4 24
10.7%
Q3 24
29.9%
11.3%
Q2 24
34.0%
1.3%
Q1 24
-1.7%
2.1%
Net Margin
IHS
IHS
ROOT
ROOT
Q4 25
Q3 25
32.4%
-1.4%
Q2 25
7.5%
5.7%
Q1 25
7.0%
5.3%
Q4 24
Q3 24
-48.9%
7.5%
Q2 24
-28.5%
-2.7%
Q1 24
-372.8%
-2.4%
EPS (diluted)
IHS
IHS
ROOT
ROOT
Q4 25
$0.35
Q3 25
$0.44
$-0.35
Q2 25
$0.10
$1.29
Q1 25
$0.10
$1.07
Q4 24
$1.42
Q3 24
$-0.61
$1.35
Q2 24
$-0.36
$-0.52
Q1 24
$-4.67
$-0.42

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
ROOT
ROOT
Cash + ST InvestmentsLiquidity on hand
$825.7M
$669.3M
Total DebtLower is stronger
$3.1B
$200.3M
Stockholders' EquityBook value
$-89.8M
$284.3M
Total Assets
$4.5B
$1.7B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
ROOT
ROOT
Q4 25
$825.7M
$669.3M
Q3 25
$647.6M
$653.3M
Q2 25
$531.8M
$641.4M
Q1 25
$629.0M
$609.4M
Q4 24
$578.0M
$599.3M
Q3 24
$397.5M
$674.8M
Q2 24
$445.7M
$667.2M
Q1 24
$333.2M
$640.5M
Total Debt
IHS
IHS
ROOT
ROOT
Q4 25
$3.1B
$200.3M
Q3 25
$3.3B
$200.4M
Q2 25
$3.2B
$200.1M
Q1 25
$3.4B
$200.0M
Q4 24
$3.3B
$200.1M
Q3 24
$3.5B
$300.9M
Q2 24
$3.6B
$300.1M
Q1 24
$3.5B
$299.3M
Stockholders' Equity
IHS
IHS
ROOT
ROOT
Q4 25
$-89.8M
$284.3M
Q3 25
$38.1M
$265.0M
Q2 25
$-98.4M
$244.5M
Q1 25
$-184.4M
$228.7M
Q4 24
$-314.4M
$203.7M
Q3 24
$-284.7M
$181.9M
Q2 24
$-308.3M
$151.3M
Q1 24
$-163.2M
$165.7M
Total Assets
IHS
IHS
ROOT
ROOT
Q4 25
$4.5B
$1.7B
Q3 25
$4.7B
$1.6B
Q2 25
$4.5B
$1.6B
Q1 25
$4.4B
$1.6B
Q4 24
$4.2B
$1.5B
Q3 24
$4.6B
$1.6B
Q2 24
$4.5B
$1.5B
Q1 24
$4.6B
$1.4B
Debt / Equity
IHS
IHS
ROOT
ROOT
Q4 25
0.70×
Q3 25
85.85×
0.76×
Q2 25
0.82×
Q1 25
0.87×
Q4 24
0.98×
Q3 24
1.65×
Q2 24
1.98×
Q1 24
1.81×

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
ROOT
ROOT
Operating Cash FlowLast quarter
$246.9M
$206.5M
Free Cash FlowOCF − Capex
$178.6M
FCF MarginFCF / Revenue
70.3%
Capex IntensityCapex / Revenue
26.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
ROOT
ROOT
Q4 25
$246.9M
$206.5M
Q3 25
$251.3M
$57.6M
Q2 25
$237.7M
$52.0M
Q1 25
$200.3M
$26.8M
Q4 24
$344.4M
$195.7M
Q3 24
$174.5M
$49.4M
Q2 24
$134.7M
$62.6M
Q1 24
$75.8M
$14.5M
Free Cash Flow
IHS
IHS
ROOT
ROOT
Q4 25
$178.6M
Q3 25
$189.2M
Q2 25
$197.7M
Q1 25
$153.2M
Q4 24
$282.9M
$195.3M
Q3 24
$122.3M
Q2 24
$74.2M
$62.4M
Q1 24
$14.8M
$14.3M
FCF Margin
IHS
IHS
ROOT
ROOT
Q4 25
70.3%
Q3 25
41.6%
Q2 25
45.6%
Q1 25
34.8%
Q4 24
111.5%
59.8%
Q3 24
29.1%
Q2 24
17.0%
21.6%
Q1 24
3.5%
5.6%
Capex Intensity
IHS
IHS
ROOT
ROOT
Q4 25
26.9%
0.0%
Q3 25
13.6%
0.0%
Q2 25
9.2%
0.0%
Q1 25
10.7%
0.0%
Q4 24
24.2%
0.1%
Q3 24
12.4%
0.0%
Q2 24
13.9%
0.1%
Q1 24
14.6%
0.1%
Cash Conversion
IHS
IHS
ROOT
ROOT
Q4 25
Q3 25
1.70×
Q2 25
7.36×
2.36×
Q1 25
6.52×
1.46×
Q4 24
Q3 24
2.17×
Q2 24
Q1 24

Financial Flow Comparison

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

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