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

Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $254.0M, roughly 1.3× IHS Holding Ltd). On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% 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.

Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.

IHS vs RVLV — Head-to-Head

Bigger by revenue
RVLV
RVLV
1.3× larger
RVLV
$324.4M
$254.0M
IHS
Growing faster (revenue YoY)
RVLV
RVLV
+10.4% gap
RVLV
10.4%
0.1%
IHS
More free cash flow
IHS
IHS
$191.9M more FCF
IHS
$178.6M
$-13.3M
RVLV
Faster 2-yr revenue CAGR
RVLV
RVLV
Annualised
RVLV
9.5%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
RVLV
RVLV
Revenue
$254.0M
$324.4M
Net Profit
$18.6M
Gross Margin
83.6%
53.3%
Operating Margin
6.3%
Net Margin
5.7%
Revenue YoY
0.1%
10.4%
Net Profit YoY
50.4%
EPS (diluted)
$0.27

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
RVLV
RVLV
Q4 25
$254.0M
$324.4M
Q3 25
$455.1M
$295.6M
Q2 25
$433.3M
$309.0M
Q1 25
$439.6M
$296.7M
Q4 24
$253.8M
$293.7M
Q3 24
$420.3M
$283.1M
Q2 24
$435.4M
$282.5M
Q1 24
$417.7M
$270.6M
Net Profit
IHS
IHS
RVLV
RVLV
Q4 25
$18.6M
Q3 25
$147.4M
$21.2M
Q2 25
$32.3M
$10.2M
Q1 25
$30.7M
$11.8M
Q4 24
$12.3M
Q3 24
$-205.7M
$11.0M
Q2 24
$-124.3M
$15.4M
Q1 24
$-1.6B
$10.9M
Gross Margin
IHS
IHS
RVLV
RVLV
Q4 25
83.6%
53.3%
Q3 25
47.5%
54.6%
Q2 25
51.3%
54.1%
Q1 25
51.4%
52.0%
Q4 24
72.1%
52.5%
Q3 24
52.0%
51.2%
Q2 24
52.5%
54.0%
Q1 24
39.1%
52.3%
Operating Margin
IHS
IHS
RVLV
RVLV
Q4 25
6.3%
Q3 25
35.1%
7.1%
Q2 25
33.8%
5.8%
Q1 25
37.1%
5.0%
Q4 24
3.9%
Q3 24
29.9%
5.0%
Q2 24
34.0%
5.8%
Q1 24
-1.7%
3.4%
Net Margin
IHS
IHS
RVLV
RVLV
Q4 25
5.7%
Q3 25
32.4%
7.2%
Q2 25
7.5%
3.3%
Q1 25
7.0%
4.0%
Q4 24
4.2%
Q3 24
-48.9%
3.9%
Q2 24
-28.5%
5.4%
Q1 24
-372.8%
4.0%
EPS (diluted)
IHS
IHS
RVLV
RVLV
Q4 25
$0.27
Q3 25
$0.44
$0.29
Q2 25
$0.10
$0.14
Q1 25
$0.10
$0.16
Q4 24
$0.18
Q3 24
$-0.61
$0.15
Q2 24
$-0.36
$0.21
Q1 24
$-4.67
$0.15

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
RVLV
RVLV
Cash + ST InvestmentsLiquidity on hand
$825.7M
$292.3M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$512.5M
Total Assets
$4.5B
$765.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
RVLV
RVLV
Q4 25
$825.7M
$292.3M
Q3 25
$647.6M
$315.4M
Q2 25
$531.8M
$310.7M
Q1 25
$629.0M
$300.8M
Q4 24
$578.0M
$256.6M
Q3 24
$397.5M
$252.8M
Q2 24
$445.7M
$244.7M
Q1 24
$333.2M
$273.4M
Total Debt
IHS
IHS
RVLV
RVLV
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
Stockholders' Equity
IHS
IHS
RVLV
RVLV
Q4 25
$-89.8M
$512.5M
Q3 25
$38.1M
$490.2M
Q2 25
$-98.4M
$468.6M
Q1 25
$-184.4M
$453.4M
Q4 24
$-314.4M
$437.8M
Q3 24
$-284.7M
$420.8M
Q2 24
$-308.3M
$405.8M
Q1 24
$-163.2M
$389.9M
Total Assets
IHS
IHS
RVLV
RVLV
Q4 25
$4.5B
$765.0M
Q3 25
$4.7B
$751.3M
Q2 25
$4.5B
$722.9M
Q1 25
$4.4B
$713.9M
Q4 24
$4.2B
$665.5M
Q3 24
$4.6B
$670.9M
Q2 24
$4.5B
$657.8M
Q1 24
$4.6B
$650.0M
Debt / Equity
IHS
IHS
RVLV
RVLV
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
IHS
IHS
RVLV
RVLV
Operating Cash FlowLast quarter
$246.9M
$-10.2M
Free Cash FlowOCF − Capex
$178.6M
$-13.3M
FCF MarginFCF / Revenue
70.3%
-4.1%
Capex IntensityCapex / Revenue
26.9%
1.0%
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$48.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
RVLV
RVLV
Q4 25
$246.9M
$-10.2M
Q3 25
$251.3M
$11.8M
Q2 25
$237.7M
$12.6M
Q1 25
$200.3M
$45.1M
Q4 24
$344.4M
$3.9M
Q3 24
$174.5M
$9.1M
Q2 24
$134.7M
$-24.7M
Q1 24
$75.8M
$38.4M
Free Cash Flow
IHS
IHS
RVLV
RVLV
Q4 25
$178.6M
$-13.3M
Q3 25
$189.2M
$7.5M
Q2 25
$197.7M
$10.4M
Q1 25
$153.2M
$43.4M
Q4 24
$282.9M
$2.1M
Q3 24
$122.3M
$8.0M
Q2 24
$74.2M
$-25.7M
Q1 24
$14.8M
$36.7M
FCF Margin
IHS
IHS
RVLV
RVLV
Q4 25
70.3%
-4.1%
Q3 25
41.6%
2.5%
Q2 25
45.6%
3.4%
Q1 25
34.8%
14.6%
Q4 24
111.5%
0.7%
Q3 24
29.1%
2.8%
Q2 24
17.0%
-9.1%
Q1 24
3.5%
13.5%
Capex Intensity
IHS
IHS
RVLV
RVLV
Q4 25
26.9%
1.0%
Q3 25
13.6%
1.5%
Q2 25
9.2%
0.7%
Q1 25
10.7%
0.6%
Q4 24
24.2%
0.6%
Q3 24
12.4%
0.4%
Q2 24
13.9%
0.4%
Q1 24
14.6%
0.6%
Cash Conversion
IHS
IHS
RVLV
RVLV
Q4 25
-0.55×
Q3 25
1.70×
0.56×
Q2 25
7.36×
1.24×
Q1 25
6.52×
3.82×
Q4 24
0.32×
Q3 24
0.83×
Q2 24
-1.60×
Q1 24
3.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

RVLV
RVLV

Fashion Apparel$155.1M48%
Dresses$76.4M24%
Handbags Shoes And Accessories$67.6M21%
Beauty$20.3M6%
Manufactured Product Other$5.0M2%
Breakage On Store Credit And Gift Cards$900.0K0%

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