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Side-by-side financial comparison of IHS Holding Ltd (IHS) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.
SOLAREDGE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($335.4M vs $254.0M, roughly 1.3× IHS Holding Ltd). On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $43.3M). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% 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.
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
IHS vs SEDG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $335.4M |
| Net Profit | — | $-132.1M |
| Gross Margin | 83.6% | 22.2% |
| Operating Margin | — | -14.4% |
| Net Margin | — | -39.4% |
| Revenue YoY | 0.1% | 70.9% |
| Net Profit YoY | — | 54.0% |
| EPS (diluted) | — | $-2.21 |
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 | $335.4M | ||
| Q3 25 | $455.1M | $340.2M | ||
| Q2 25 | $433.3M | $289.4M | ||
| Q1 25 | $439.6M | $219.5M | ||
| Q4 24 | $253.8M | $196.2M | ||
| Q3 24 | $420.3M | $235.4M | ||
| Q2 24 | $435.4M | $265.4M | ||
| Q1 24 | $417.7M | $204.4M |
| Q4 25 | — | $-132.1M | ||
| Q3 25 | $147.4M | $-50.1M | ||
| Q2 25 | $32.3M | $-124.7M | ||
| Q1 25 | $30.7M | $-98.5M | ||
| Q4 24 | — | $-287.4M | ||
| Q3 24 | $-205.7M | $-1.2B | ||
| Q2 24 | $-124.3M | $-130.8M | ||
| Q1 24 | $-1.6B | $-157.3M |
| Q4 25 | 83.6% | 22.2% | ||
| Q3 25 | 47.5% | 21.2% | ||
| Q2 25 | 51.3% | 11.1% | ||
| Q1 25 | 51.4% | 8.0% | ||
| Q4 24 | 72.1% | -57.2% | ||
| Q3 24 | 52.0% | -309.1% | ||
| Q2 24 | 52.5% | -4.1% | ||
| Q1 24 | 39.1% | -12.8% |
| Q4 25 | — | -14.4% | ||
| Q3 25 | 35.1% | -10.3% | ||
| Q2 25 | 33.8% | -39.9% | ||
| Q1 25 | 37.1% | -46.8% | ||
| Q4 24 | — | -134.4% | ||
| Q3 24 | 29.9% | -471.8% | ||
| Q2 24 | 34.0% | -60.4% | ||
| Q1 24 | -1.7% | -85.0% |
| Q4 25 | — | -39.4% | ||
| Q3 25 | 32.4% | -14.7% | ||
| Q2 25 | 7.5% | -43.1% | ||
| Q1 25 | 7.0% | -44.9% | ||
| Q4 24 | — | -146.5% | ||
| Q3 24 | -48.9% | -522.8% | ||
| Q2 24 | -28.5% | -49.3% | ||
| Q1 24 | -372.8% | -77.0% |
| Q4 25 | — | $-2.21 | ||
| Q3 25 | $0.44 | $-0.84 | ||
| Q2 25 | $0.10 | $-2.13 | ||
| Q1 25 | $0.10 | $-1.70 | ||
| Q4 24 | — | $-5.00 | ||
| Q3 24 | $-0.61 | $-21.58 | ||
| Q2 24 | $-0.36 | $-2.31 | ||
| Q1 24 | $-4.67 | $-2.75 |
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 | $493.2M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $427.5M |
| Total Assets | $4.5B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $493.2M | ||
| Q3 25 | $647.6M | $498.6M | ||
| Q2 25 | $531.8M | $758.0M | ||
| Q1 25 | $629.0M | $651.6M | ||
| Q4 24 | $578.0M | $585.9M | ||
| Q3 24 | $397.5M | $678.8M | ||
| Q2 24 | $445.7M | $689.8M | ||
| Q1 24 | $333.2M | $680.6M |
| 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 | $427.5M | ||
| Q3 25 | $38.1M | $479.8M | ||
| Q2 25 | $-98.4M | $513.2M | ||
| Q1 25 | $-184.4M | $594.2M | ||
| Q4 24 | $-314.4M | $658.3M | ||
| Q3 24 | $-284.7M | $930.9M | ||
| Q2 24 | $-308.3M | $2.1B | ||
| Q1 24 | $-163.2M | $2.2B |
| Q4 25 | $4.5B | $2.2B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.5B | $2.5B | ||
| Q1 25 | $4.4B | $2.5B | ||
| Q4 24 | $4.2B | $2.6B | ||
| Q3 24 | $4.6B | $2.8B | ||
| Q2 24 | $4.5B | $3.9B | ||
| Q1 24 | $4.6B | $4.2B |
| 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 | $52.6M |
| Free Cash FlowOCF − Capex | $178.6M | $43.3M |
| FCF MarginFCF / Revenue | 70.3% | 12.9% |
| Capex IntensityCapex / Revenue | 26.9% | 2.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $52.6M | ||
| Q3 25 | $251.3M | $25.6M | ||
| Q2 25 | $237.7M | $-7.8M | ||
| Q1 25 | $200.3M | $33.8M | ||
| Q4 24 | $344.4M | $37.8M | ||
| Q3 24 | $174.5M | $-89.3M | ||
| Q2 24 | $134.7M | $-44.8M | ||
| Q1 24 | $75.8M | $-217.0M |
| Q4 25 | $178.6M | $43.3M | ||
| Q3 25 | $189.2M | $22.8M | ||
| Q2 25 | $197.7M | $-9.1M | ||
| Q1 25 | $153.2M | $23.7M | ||
| Q4 24 | $282.9M | $25.5M | ||
| Q3 24 | $122.3M | $-136.7M | ||
| Q2 24 | $74.2M | $-67.0M | ||
| Q1 24 | $14.8M | $-243.4M |
| Q4 25 | 70.3% | 12.9% | ||
| Q3 25 | 41.6% | 6.7% | ||
| Q2 25 | 45.6% | -3.1% | ||
| Q1 25 | 34.8% | 10.8% | ||
| Q4 24 | 111.5% | 13.0% | ||
| Q3 24 | 29.1% | -58.1% | ||
| Q2 24 | 17.0% | -25.2% | ||
| Q1 24 | 3.5% | -119.1% |
| Q4 25 | 26.9% | 2.8% | ||
| Q3 25 | 13.6% | 0.8% | ||
| Q2 25 | 9.2% | 0.4% | ||
| Q1 25 | 10.7% | 4.6% | ||
| Q4 24 | 24.2% | 6.2% | ||
| Q3 24 | 12.4% | 20.1% | ||
| Q2 24 | 13.9% | 8.4% | ||
| Q1 24 | 14.6% | 12.9% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 7.36× | — | ||
| 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.
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
