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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $158.6M, roughly 1.6× Stoke Therapeutics, Inc.). On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $131.7M).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

IHS vs STOK — Head-to-Head

Bigger by revenue
IHS
IHS
1.6× larger
IHS
$254.0M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3661.0% gap
STOK
3661.1%
0.1%
IHS
More free cash flow
IHS
IHS
$46.9M more FCF
IHS
$178.6M
$131.7M
STOK

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
IHS
IHS
STOK
STOK
Revenue
$254.0M
$158.6M
Net Profit
$112.9M
Gross Margin
83.6%
Operating Margin
70.2%
Net Margin
71.2%
Revenue YoY
0.1%
3661.1%
Net Profit YoY
528.0%
EPS (diluted)
$1.90

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
STOK
STOK
Q4 25
$254.0M
Q3 25
$455.1M
Q2 25
$433.3M
Q1 25
$439.6M
$158.6M
Q4 24
$253.8M
$22.6M
Q3 24
$420.3M
Q2 24
$435.4M
Q1 24
$417.7M
Net Profit
IHS
IHS
STOK
STOK
Q4 25
Q3 25
$147.4M
Q2 25
$32.3M
Q1 25
$30.7M
$112.9M
Q4 24
$-10.5M
Q3 24
$-205.7M
Q2 24
$-124.3M
Q1 24
$-1.6B
Gross Margin
IHS
IHS
STOK
STOK
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%
Operating Margin
IHS
IHS
STOK
STOK
Q4 25
Q3 25
35.1%
Q2 25
33.8%
Q1 25
37.1%
70.2%
Q4 24
-60.4%
Q3 24
29.9%
Q2 24
34.0%
Q1 24
-1.7%
Net Margin
IHS
IHS
STOK
STOK
Q4 25
Q3 25
32.4%
Q2 25
7.5%
Q1 25
7.0%
71.2%
Q4 24
-46.4%
Q3 24
-48.9%
Q2 24
-28.5%
Q1 24
-372.8%
EPS (diluted)
IHS
IHS
STOK
STOK
Q4 25
Q3 25
$0.44
Q2 25
$0.10
Q1 25
$0.10
$1.90
Q4 24
$-0.15
Q3 24
$-0.61
Q2 24
$-0.36
Q1 24
$-4.67

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$825.7M
$274.8M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$350.1M
Total Assets
$4.5B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
STOK
STOK
Q4 25
$825.7M
Q3 25
$647.6M
Q2 25
$531.8M
Q1 25
$629.0M
$274.8M
Q4 24
$578.0M
$128.0M
Q3 24
$397.5M
Q2 24
$445.7M
Q1 24
$333.2M
Total Debt
IHS
IHS
STOK
STOK
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
STOK
STOK
Q4 25
$-89.8M
Q3 25
$38.1M
Q2 25
$-98.4M
Q1 25
$-184.4M
$350.1M
Q4 24
$-314.4M
$229.0M
Q3 24
$-284.7M
Q2 24
$-308.3M
Q1 24
$-163.2M
Total Assets
IHS
IHS
STOK
STOK
Q4 25
$4.5B
Q3 25
$4.7B
Q2 25
$4.5B
Q1 25
$4.4B
$406.9M
Q4 24
$4.2B
$271.6M
Q3 24
$4.6B
Q2 24
$4.5B
Q1 24
$4.6B
Debt / Equity
IHS
IHS
STOK
STOK
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
STOK
STOK
Operating Cash FlowLast quarter
$246.9M
$131.8M
Free Cash FlowOCF − Capex
$178.6M
$131.7M
FCF MarginFCF / Revenue
70.3%
83.0%
Capex IntensityCapex / Revenue
26.9%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
STOK
STOK
Q4 25
$246.9M
Q3 25
$251.3M
Q2 25
$237.7M
Q1 25
$200.3M
$131.8M
Q4 24
$344.4M
$-23.2M
Q3 24
$174.5M
Q2 24
$134.7M
Q1 24
$75.8M
Free Cash Flow
IHS
IHS
STOK
STOK
Q4 25
$178.6M
Q3 25
$189.2M
Q2 25
$197.7M
Q1 25
$153.2M
$131.7M
Q4 24
$282.9M
$-23.2M
Q3 24
$122.3M
Q2 24
$74.2M
Q1 24
$14.8M
FCF Margin
IHS
IHS
STOK
STOK
Q4 25
70.3%
Q3 25
41.6%
Q2 25
45.6%
Q1 25
34.8%
83.0%
Q4 24
111.5%
-102.7%
Q3 24
29.1%
Q2 24
17.0%
Q1 24
3.5%
Capex Intensity
IHS
IHS
STOK
STOK
Q4 25
26.9%
Q3 25
13.6%
Q2 25
9.2%
Q1 25
10.7%
0.1%
Q4 24
24.2%
0.2%
Q3 24
12.4%
Q2 24
13.9%
Q1 24
14.6%
Cash Conversion
IHS
IHS
STOK
STOK
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
1.17×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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