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Side-by-side financial comparison of IHS Holding Ltd (IHS) and STONERIDGE INC (SRI). Click either name above to swap in a different company.

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $205.2M, roughly 1.2× STONERIDGE INC). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -6.0%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $2.6M). Over the past eight quarters, STONERIDGE INC's revenue compounded faster (-7.4% 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.

Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.

IHS vs SRI — Head-to-Head

Bigger by revenue
IHS
IHS
1.2× larger
IHS
$254.0M
$205.2M
SRI
Growing faster (revenue YoY)
IHS
IHS
+6.1% gap
IHS
0.1%
-6.0%
SRI
More free cash flow
IHS
IHS
$176.0M more FCF
IHS
$178.6M
$2.6M
SRI
Faster 2-yr revenue CAGR
SRI
SRI
Annualised
SRI
-7.4%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
SRI
SRI
Revenue
$254.0M
$205.2M
Net Profit
Gross Margin
83.6%
16.2%
Operating Margin
-14.4%
Net Margin
Revenue YoY
0.1%
-6.0%
Net Profit YoY
EPS (diluted)
$-2.76

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
SRI
SRI
Q4 25
$254.0M
$205.2M
Q3 25
$455.1M
$210.3M
Q2 25
$433.3M
$228.0M
Q1 25
$439.6M
$217.9M
Q4 24
$253.8M
$218.2M
Q3 24
$420.3M
$213.8M
Q2 24
$435.4M
$237.1M
Q1 24
$417.7M
$239.2M
Net Profit
IHS
IHS
SRI
SRI
Q4 25
Q3 25
$147.4M
$-9.4M
Q2 25
$32.3M
$-9.4M
Q1 25
$30.7M
$-7.2M
Q4 24
Q3 24
$-205.7M
$-7.1M
Q2 24
$-124.3M
$2.8M
Q1 24
$-1.6B
$-6.1M
Gross Margin
IHS
IHS
SRI
SRI
Q4 25
83.6%
16.2%
Q3 25
47.5%
20.3%
Q2 25
51.3%
21.5%
Q1 25
51.4%
21.2%
Q4 24
72.1%
19.5%
Q3 24
52.0%
20.8%
Q2 24
52.5%
22.7%
Q1 24
39.1%
20.2%
Operating Margin
IHS
IHS
SRI
SRI
Q4 25
-14.4%
Q3 25
35.1%
-1.6%
Q2 25
33.8%
-1.1%
Q1 25
37.1%
-1.5%
Q4 24
-2.0%
Q3 24
29.9%
0.1%
Q2 24
34.0%
1.4%
Q1 24
-1.7%
0.1%
Net Margin
IHS
IHS
SRI
SRI
Q4 25
Q3 25
32.4%
-4.5%
Q2 25
7.5%
-4.1%
Q1 25
7.0%
-3.3%
Q4 24
Q3 24
-48.9%
-3.3%
Q2 24
-28.5%
1.2%
Q1 24
-372.8%
-2.6%
EPS (diluted)
IHS
IHS
SRI
SRI
Q4 25
$-2.76
Q3 25
$0.44
$-0.34
Q2 25
$0.10
$-0.34
Q1 25
$0.10
$-0.26
Q4 24
$-0.22
Q3 24
$-0.61
$-0.26
Q2 24
$-0.36
$0.10
Q1 24
$-4.67
$-0.22

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
SRI
SRI
Cash + ST InvestmentsLiquidity on hand
$825.7M
$66.3M
Total DebtLower is stronger
$3.1B
$180.9M
Stockholders' EquityBook value
$-89.8M
$179.8M
Total Assets
$4.5B
$551.2M
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
SRI
SRI
Q4 25
$825.7M
$66.3M
Q3 25
$647.6M
$54.0M
Q2 25
$531.8M
$49.8M
Q1 25
$629.0M
$79.1M
Q4 24
$578.0M
$71.8M
Q3 24
$397.5M
$54.1M
Q2 24
$445.7M
$42.1M
Q1 24
$333.2M
$48.4M
Total Debt
IHS
IHS
SRI
SRI
Q4 25
$3.1B
$180.9M
Q3 25
$3.3B
Q2 25
$3.2B
Q1 25
$3.4B
Q4 24
$3.3B
$201.6M
Q3 24
$3.5B
Q2 24
$3.6B
Q1 24
$3.5B
Stockholders' Equity
IHS
IHS
SRI
SRI
Q4 25
$-89.8M
$179.8M
Q3 25
$38.1M
$251.2M
Q2 25
$-98.4M
$260.5M
Q1 25
$-184.4M
$253.1M
Q4 24
$-314.4M
$245.3M
Q3 24
$-284.7M
$271.4M
Q2 24
$-308.3M
$270.5M
Q1 24
$-163.2M
$277.3M
Total Assets
IHS
IHS
SRI
SRI
Q4 25
$4.5B
$551.2M
Q3 25
$4.7B
$632.1M
Q2 25
$4.5B
$639.4M
Q1 25
$4.4B
$657.4M
Q4 24
$4.2B
$621.6M
Q3 24
$4.6B
$662.5M
Q2 24
$4.5B
$666.7M
Q1 24
$4.6B
$675.4M
Debt / Equity
IHS
IHS
SRI
SRI
Q4 25
1.01×
Q3 25
85.85×
Q2 25
Q1 25
Q4 24
0.82×
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
SRI
SRI
Operating Cash FlowLast quarter
$246.9M
$8.8M
Free Cash FlowOCF − Capex
$178.6M
$2.6M
FCF MarginFCF / Revenue
70.3%
1.3%
Capex IntensityCapex / Revenue
26.9%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$12.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
SRI
SRI
Q4 25
$246.9M
$8.8M
Q3 25
$251.3M
$3.6M
Q2 25
$237.7M
$10.7M
Q1 25
$200.3M
$10.9M
Q4 24
$344.4M
$19.2M
Q3 24
$174.5M
$10.8M
Q2 24
$134.7M
$8.7M
Q1 24
$75.8M
$9.1M
Free Cash Flow
IHS
IHS
SRI
SRI
Q4 25
$178.6M
$2.6M
Q3 25
$189.2M
$-2.7M
Q2 25
$197.7M
$7.4M
Q1 25
$153.2M
$4.8M
Q4 24
$282.9M
$14.0M
Q3 24
$122.3M
$4.6M
Q2 24
$74.2M
$1.5M
Q1 24
$14.8M
$3.3M
FCF Margin
IHS
IHS
SRI
SRI
Q4 25
70.3%
1.3%
Q3 25
41.6%
-1.3%
Q2 25
45.6%
3.3%
Q1 25
34.8%
2.2%
Q4 24
111.5%
6.4%
Q3 24
29.1%
2.2%
Q2 24
17.0%
0.6%
Q1 24
3.5%
1.4%
Capex Intensity
IHS
IHS
SRI
SRI
Q4 25
26.9%
3.0%
Q3 25
13.6%
3.0%
Q2 25
9.2%
1.4%
Q1 25
10.7%
2.8%
Q4 24
24.2%
2.4%
Q3 24
12.4%
2.9%
Q2 24
13.9%
3.0%
Q1 24
14.6%
2.4%
Cash Conversion
IHS
IHS
SRI
SRI
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
Q4 24
Q3 24
Q2 24
3.11×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

SRI
SRI

Control Devices$51.7M25%
Electronics$38.0M19%
EE$34.2M17%
SE$28.6M14%
NL$24.5M12%
Stoneridge Brazil$14.1M7%
Asia Pacific$13.1M6%

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