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Side-by-side financial comparison of IHS Holding Ltd (IHS) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STARWOOD PROPERTY TRUST, INC. is the larger business by last-quarter revenue ($492.9M vs $254.0M, roughly 1.9× IHS Holding Ltd). On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs 0.1%). Over the past eight quarters, STARWOOD PROPERTY TRUST, INC.'s revenue compounded faster (-2.9% 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.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

IHS vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.9× larger
STWD
$492.9M
$254.0M
IHS
Growing faster (revenue YoY)
STWD
STWD
+8.4% gap
STWD
8.5%
0.1%
IHS
Faster 2-yr revenue CAGR
STWD
STWD
Annualised
STWD
-2.9%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
STWD
STWD
Revenue
$254.0M
$492.9M
Net Profit
$96.9M
Gross Margin
83.6%
Operating Margin
26.6%
Net Margin
19.7%
Revenue YoY
0.1%
8.5%
Net Profit YoY
87.7%
EPS (diluted)
$0.25

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
STWD
STWD
Q4 25
$254.0M
$492.9M
Q3 25
$455.1M
$488.9M
Q2 25
$433.3M
$444.3M
Q1 25
$439.6M
$418.2M
Q4 24
$253.8M
$454.4M
Q3 24
$420.3M
$479.5M
Q2 24
$435.4M
$489.8M
Q1 24
$417.7M
$523.1M
Net Profit
IHS
IHS
STWD
STWD
Q4 25
$96.9M
Q3 25
$147.4M
$72.6M
Q2 25
$32.3M
$129.8M
Q1 25
$30.7M
$112.3M
Q4 24
$51.6M
Q3 24
$-205.7M
$76.1M
Q2 24
$-124.3M
$77.9M
Q1 24
$-1.6B
$154.3M
Gross Margin
IHS
IHS
STWD
STWD
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
STWD
STWD
Q4 25
26.6%
Q3 25
35.1%
19.1%
Q2 25
33.8%
30.5%
Q1 25
37.1%
28.7%
Q4 24
15.1%
Q3 24
29.9%
17.2%
Q2 24
34.0%
19.1%
Q1 24
-1.7%
30.8%
Net Margin
IHS
IHS
STWD
STWD
Q4 25
19.7%
Q3 25
32.4%
14.8%
Q2 25
7.5%
29.2%
Q1 25
7.0%
26.8%
Q4 24
11.4%
Q3 24
-48.9%
15.9%
Q2 24
-28.5%
15.9%
Q1 24
-372.8%
29.5%
EPS (diluted)
IHS
IHS
STWD
STWD
Q4 25
$0.25
Q3 25
$0.44
$0.19
Q2 25
$0.10
$0.38
Q1 25
$0.10
$0.33
Q4 24
$0.15
Q3 24
$-0.61
$0.23
Q2 24
$-0.36
$0.24
Q1 24
$-4.67
$0.48

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$825.7M
$499.5M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$6.8B
Total Assets
$4.5B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
STWD
STWD
Q4 25
$825.7M
$499.5M
Q3 25
$647.6M
$301.1M
Q2 25
$531.8M
$259.9M
Q1 25
$629.0M
$440.6M
Q4 24
$578.0M
$377.8M
Q3 24
$397.5M
$357.9M
Q2 24
$445.7M
$259.3M
Q1 24
$333.2M
$327.4M
Total Debt
IHS
IHS
STWD
STWD
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
STWD
STWD
Q4 25
$-89.8M
$6.8B
Q3 25
$38.1M
$6.9B
Q2 25
$-98.4M
$6.4B
Q1 25
$-184.4M
$6.4B
Q4 24
$-314.4M
$6.4B
Q3 24
$-284.7M
$6.5B
Q2 24
$-308.3M
$6.2B
Q1 24
$-163.2M
$6.3B
Total Assets
IHS
IHS
STWD
STWD
Q4 25
$4.5B
$63.2B
Q3 25
$4.7B
$62.4B
Q2 25
$4.5B
$62.4B
Q1 25
$4.4B
$62.2B
Q4 24
$4.2B
$62.6B
Q3 24
$4.6B
$64.2B
Q2 24
$4.5B
$64.1B
Q1 24
$4.6B
$66.2B
Debt / Equity
IHS
IHS
STWD
STWD
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
STWD
STWD
Operating Cash FlowLast quarter
$246.9M
$488.8M
Free Cash FlowOCF − Capex
$178.6M
FCF MarginFCF / Revenue
70.3%
Capex IntensityCapex / Revenue
26.9%
Cash ConversionOCF / Net Profit
5.04×
TTM Free Cash FlowTrailing 4 quarters
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
STWD
STWD
Q4 25
$246.9M
$488.8M
Q3 25
$251.3M
$337.6M
Q2 25
$237.7M
$-87.4M
Q1 25
$200.3M
$238.9M
Q4 24
$344.4M
$295.6M
Q3 24
$174.5M
$241.8M
Q2 24
$134.7M
$53.3M
Q1 24
$75.8M
$55.9M
Free Cash Flow
IHS
IHS
STWD
STWD
Q4 25
$178.6M
Q3 25
$189.2M
Q2 25
$197.7M
Q1 25
$153.2M
Q4 24
$282.9M
Q3 24
$122.3M
Q2 24
$74.2M
Q1 24
$14.8M
FCF Margin
IHS
IHS
STWD
STWD
Q4 25
70.3%
Q3 25
41.6%
Q2 25
45.6%
Q1 25
34.8%
Q4 24
111.5%
Q3 24
29.1%
Q2 24
17.0%
Q1 24
3.5%
Capex Intensity
IHS
IHS
STWD
STWD
Q4 25
26.9%
Q3 25
13.6%
Q2 25
9.2%
Q1 25
10.7%
Q4 24
24.2%
Q3 24
12.4%
Q2 24
13.9%
Q1 24
14.6%
Cash Conversion
IHS
IHS
STWD
STWD
Q4 25
5.04×
Q3 25
1.70×
4.65×
Q2 25
7.36×
-0.67×
Q1 25
6.52×
2.13×
Q4 24
5.72×
Q3 24
3.18×
Q2 24
0.68×
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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