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Side-by-side financial comparison of IHS Holding Ltd (IHS) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $207.0M, roughly 1.2× ONE Group Hospitality, Inc.). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -6.7%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
IHS vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $207.0M |
| Net Profit | — | $-6.4M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 2.2% |
| Net Margin | — | -3.1% |
| Revenue YoY | 0.1% | -6.7% |
| Net Profit YoY | — | -531.8% |
| EPS (diluted) | — | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $455.1M | $180.2M | ||
| Q2 25 | $433.3M | $207.4M | ||
| Q1 25 | $439.6M | $211.1M | ||
| Q4 24 | $253.8M | $221.9M | ||
| Q3 24 | $420.3M | $194.0M | ||
| Q2 24 | $435.4M | $172.5M | ||
| Q1 24 | $417.7M | $85.0M |
| Q4 25 | — | $-6.4M | ||
| Q3 25 | $147.4M | $-76.7M | ||
| Q2 25 | $32.3M | $-10.1M | ||
| Q1 25 | $30.7M | $975.0K | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $-205.7M | $-9.3M | ||
| Q2 24 | $-124.3M | $-7.3M | ||
| Q1 24 | $-1.6B | $-2.1M |
| 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% | — |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 35.1% | -4.4% | ||
| Q2 25 | 33.8% | 0.3% | ||
| Q1 25 | 37.1% | 5.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 29.9% | -1.9% | ||
| Q2 24 | 34.0% | 0.6% | ||
| Q1 24 | -1.7% | -0.7% |
| Q4 25 | — | -3.1% | ||
| Q3 25 | 32.4% | -42.6% | ||
| Q2 25 | 7.5% | -4.9% | ||
| Q1 25 | 7.0% | 0.5% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | -48.9% | -4.8% | ||
| Q2 24 | -28.5% | -4.3% | ||
| Q1 24 | -372.8% | -2.4% |
| Q4 25 | — | $-0.50 | ||
| Q3 25 | $0.44 | $-2.75 | ||
| Q2 25 | $0.10 | $-0.59 | ||
| Q1 25 | $0.10 | $-0.21 | ||
| Q4 24 | — | $-0.18 | ||
| Q3 24 | $-0.61 | $-0.53 | ||
| Q2 24 | $-0.36 | $-0.38 | ||
| Q1 24 | $-4.67 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | $3.1B | $354.2M |
| Stockholders' EquityBook value | $-89.8M | $-75.8M |
| Total Assets | $4.5B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $4.2M | ||
| Q3 25 | $647.6M | $5.5M | ||
| Q2 25 | $531.8M | $4.7M | ||
| Q1 25 | $629.0M | $21.4M | ||
| Q4 24 | $578.0M | $27.6M | ||
| Q3 24 | $397.5M | $28.2M | ||
| Q2 24 | $445.7M | $32.2M | ||
| Q1 24 | $333.2M | $15.4M |
| Q4 25 | $3.1B | $354.2M | ||
| Q3 25 | $3.3B | $355.0M | ||
| Q2 25 | $3.2B | $347.4M | ||
| Q1 25 | $3.4B | $348.3M | ||
| Q4 24 | $3.3B | $348.3M | ||
| Q3 24 | $3.5B | $349.1M | ||
| Q2 24 | $3.6B | $350.0M | ||
| Q1 24 | $3.5B | $73.5M |
| Q4 25 | $-89.8M | $-75.8M | ||
| Q3 25 | $38.1M | $-61.5M | ||
| Q2 25 | $-98.4M | $23.0M | ||
| Q1 25 | $-184.4M | $40.5M | ||
| Q4 24 | $-314.4M | $45.9M | ||
| Q3 24 | $-284.7M | $51.4M | ||
| Q2 24 | $-308.3M | $68.1M | ||
| Q1 24 | $-163.2M | $68.3M |
| Q4 25 | $4.5B | $884.2M | ||
| Q3 25 | $4.7B | $879.5M | ||
| Q2 25 | $4.5B | $935.7M | ||
| Q1 25 | $4.4B | $956.0M | ||
| Q4 24 | $4.2B | $960.1M | ||
| Q3 24 | $4.6B | $953.5M | ||
| Q2 24 | $4.5B | $945.9M | ||
| Q1 24 | $4.6B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $178.6M | $-329.0K |
| FCF MarginFCF / Revenue | 70.3% | -0.2% |
| Capex IntensityCapex / Revenue | 26.9% | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $13.1M | ||
| Q3 25 | $251.3M | $5.9M | ||
| Q2 25 | $237.7M | $2.8M | ||
| Q1 25 | $200.3M | $8.5M | ||
| Q4 24 | $344.4M | $18.5M | ||
| Q3 24 | $174.5M | $19.1M | ||
| Q2 24 | $134.7M | $-3.8M | ||
| Q1 24 | $75.8M | $10.4M |
| Q4 25 | $178.6M | $-329.0K | ||
| Q3 25 | $189.2M | $-6.1M | ||
| Q2 25 | $197.7M | $-15.0M | ||
| Q1 25 | $153.2M | $-5.8M | ||
| Q4 24 | $282.9M | $733.0K | ||
| Q3 24 | $122.3M | $287.0K | ||
| Q2 24 | $74.2M | $-23.0M | ||
| Q1 24 | $14.8M | $-5.4M |
| Q4 25 | 70.3% | -0.2% | ||
| Q3 25 | 41.6% | -3.4% | ||
| Q2 25 | 45.6% | -7.2% | ||
| Q1 25 | 34.8% | -2.7% | ||
| Q4 24 | 111.5% | 0.3% | ||
| Q3 24 | 29.1% | 0.1% | ||
| Q2 24 | 17.0% | -13.3% | ||
| Q1 24 | 3.5% | -6.4% |
| Q4 25 | 26.9% | 6.5% | ||
| Q3 25 | 13.6% | 6.7% | ||
| Q2 25 | 9.2% | 8.6% | ||
| Q1 25 | 10.7% | 6.8% | ||
| Q4 24 | 24.2% | 8.0% | ||
| Q3 24 | 12.4% | 9.7% | ||
| Q2 24 | 13.9% | 11.1% | ||
| Q1 24 | 14.6% | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 7.36× | — | ||
| Q1 25 | 6.52× | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| 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.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
