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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $254.0M, roughly 1.0× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -9.4%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
IHS vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $260.4M |
| Net Profit | — | $3.5M |
| Gross Margin | 83.6% | 19.9% |
| Operating Margin | — | 6.5% |
| Net Margin | — | 1.4% |
| Revenue YoY | 0.1% | -9.4% |
| Net Profit YoY | — | -14.3% |
| EPS (diluted) | — | $0.39 |
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 | $260.4M | ||
| Q3 25 | $455.1M | $262.0M | ||
| Q2 25 | $433.3M | $223.9M | ||
| Q1 25 | $439.6M | $224.7M | ||
| Q4 24 | $253.8M | $287.5M | ||
| Q3 24 | $420.3M | $277.8M | ||
| Q2 24 | $435.4M | $220.9M | ||
| Q1 24 | $417.7M | $189.2M |
| Q4 25 | — | $3.5M | ||
| Q3 25 | $147.4M | $2.1M | ||
| Q2 25 | $32.3M | $2.4M | ||
| Q1 25 | $30.7M | $2.7M | ||
| Q4 24 | — | $4.1M | ||
| Q3 24 | $-205.7M | $5.3M | ||
| Q2 24 | $-124.3M | $3.6M | ||
| Q1 24 | $-1.6B | $3.0M |
| Q4 25 | 83.6% | 19.9% | ||
| Q3 25 | 47.5% | 21.0% | ||
| Q2 25 | 51.3% | 23.2% | ||
| Q1 25 | 51.4% | 23.8% | ||
| Q4 24 | 72.1% | 25.5% | ||
| Q3 24 | 52.0% | 26.5% | ||
| Q2 24 | 52.5% | 26.7% | ||
| Q1 24 | 39.1% | 26.1% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 35.1% | 6.6% | ||
| Q2 25 | 33.8% | 7.7% | ||
| Q1 25 | 37.1% | 8.7% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 29.9% | 14.2% | ||
| Q2 24 | 34.0% | 11.7% | ||
| Q1 24 | -1.7% | 11.3% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 32.4% | 0.8% | ||
| Q2 25 | 7.5% | 1.1% | ||
| Q1 25 | 7.0% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | -48.9% | 1.9% | ||
| Q2 24 | -28.5% | 1.7% | ||
| Q1 24 | -372.8% | 1.6% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $0.44 | $0.24 | ||
| Q2 25 | $0.10 | $0.26 | ||
| Q1 25 | $0.10 | $0.30 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | $-0.61 | $0.58 | ||
| Q2 24 | $-0.36 | $0.40 | ||
| Q1 24 | $-4.67 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $86.7M |
| Total Assets | $4.5B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $12.7M | ||
| Q3 25 | $647.6M | $14.8M | ||
| Q2 25 | $531.8M | $16.8M | ||
| Q1 25 | $629.0M | $12.7M | ||
| Q4 24 | $578.0M | $22.4M | ||
| Q3 24 | $397.5M | $23.7M | ||
| Q2 24 | $445.7M | $17.3M | ||
| Q1 24 | $333.2M | $32.8M |
| 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 | — |
| Q4 25 | $-89.8M | $86.7M | ||
| Q3 25 | $38.1M | $82.2M | ||
| Q2 25 | $-98.4M | $80.0M | ||
| Q1 25 | $-184.4M | $76.9M | ||
| Q4 24 | $-314.4M | $73.6M | ||
| Q3 24 | $-284.7M | $68.4M | ||
| Q2 24 | $-308.3M | $62.1M | ||
| Q1 24 | $-163.2M | $59.7M |
| Q4 25 | $4.5B | $557.6M | ||
| Q3 25 | $4.7B | $571.6M | ||
| Q2 25 | $4.5B | $570.2M | ||
| Q1 25 | $4.4B | $513.9M | ||
| Q4 24 | $4.2B | $475.9M | ||
| Q3 24 | $4.6B | $460.1M | ||
| Q2 24 | $4.5B | $429.3M | ||
| Q1 24 | $4.6B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | $178.6M | $8.7M |
| FCF MarginFCF / Revenue | 70.3% | 3.4% |
| Capex IntensityCapex / Revenue | 26.9% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $9.8M | ||
| Q3 25 | $251.3M | $22.8M | ||
| Q2 25 | $237.7M | $-28.9M | ||
| Q1 25 | $200.3M | $-34.9M | ||
| Q4 24 | $344.4M | $5.5M | ||
| Q3 24 | $174.5M | $22.9M | ||
| Q2 24 | $134.7M | $39.0K | ||
| Q1 24 | $75.8M | $-9.3M |
| Q4 25 | $178.6M | $8.7M | ||
| Q3 25 | $189.2M | $21.4M | ||
| Q2 25 | $197.7M | $-31.1M | ||
| Q1 25 | $153.2M | $-35.9M | ||
| Q4 24 | $282.9M | $4.8M | ||
| Q3 24 | $122.3M | $22.3M | ||
| Q2 24 | $74.2M | $-2.1M | ||
| Q1 24 | $14.8M | $-9.7M |
| Q4 25 | 70.3% | 3.4% | ||
| Q3 25 | 41.6% | 8.2% | ||
| Q2 25 | 45.6% | -13.9% | ||
| Q1 25 | 34.8% | -16.0% | ||
| Q4 24 | 111.5% | 1.7% | ||
| Q3 24 | 29.1% | 8.0% | ||
| Q2 24 | 17.0% | -1.0% | ||
| Q1 24 | 3.5% | -5.1% |
| Q4 25 | 26.9% | 0.4% | ||
| Q3 25 | 13.6% | 0.5% | ||
| Q2 25 | 9.2% | 0.9% | ||
| Q1 25 | 10.7% | 0.5% | ||
| Q4 24 | 24.2% | 0.2% | ||
| Q3 24 | 12.4% | 0.2% | ||
| Q2 24 | 13.9% | 1.0% | ||
| Q1 24 | 14.6% | 0.2% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | 1.70× | 10.70× | ||
| Q2 25 | 7.36× | -12.24× | ||
| Q1 25 | 6.52× | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
