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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $196.3M, roughly 1.3× TOOTSIE ROLL INDUSTRIES INC). On growth, TOOTSIE ROLL INDUSTRIES INC posted the faster year-over-year revenue change (1.5% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $61.0M). Over the past eight quarters, TOOTSIE ROLL INDUSTRIES INC's revenue compounded faster (13.2% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

IHS vs TR — Head-to-Head

Bigger by revenue
IHS
IHS
1.3× larger
IHS
$254.0M
$196.3M
TR
Growing faster (revenue YoY)
TR
TR
+1.4% gap
TR
1.5%
0.1%
IHS
More free cash flow
IHS
IHS
$117.6M more FCF
IHS
$178.6M
$61.0M
TR
Faster 2-yr revenue CAGR
TR
TR
Annualised
TR
13.2%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
TR
TR
Revenue
$254.0M
$196.3M
Net Profit
$28.8M
Gross Margin
83.6%
35.7%
Operating Margin
17.0%
Net Margin
14.7%
Revenue YoY
0.1%
1.5%
Net Profit YoY
27.9%
EPS (diluted)

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
TR
TR
Q4 25
$254.0M
$196.3M
Q3 25
$455.1M
$232.7M
Q2 25
$433.3M
$155.1M
Q1 25
$439.6M
$148.5M
Q4 24
$253.8M
$193.4M
Q3 24
$420.3M
$225.9M
Q2 24
$435.4M
$150.7M
Q1 24
$417.7M
$153.2M
Net Profit
IHS
IHS
TR
TR
Q4 25
$28.8M
Q3 25
$147.4M
$35.7M
Q2 25
$32.3M
$17.5M
Q1 25
$30.7M
$18.1M
Q4 24
$22.5M
Q3 24
$-205.7M
$32.8M
Q2 24
$-124.3M
$15.6M
Q1 24
$-1.6B
$15.8M
Gross Margin
IHS
IHS
TR
TR
Q4 25
83.6%
35.7%
Q3 25
47.5%
34.1%
Q2 25
51.3%
36.4%
Q1 25
51.4%
35.3%
Q4 24
72.1%
39.1%
Q3 24
52.0%
34.1%
Q2 24
52.5%
33.5%
Q1 24
39.1%
32.7%
Operating Margin
IHS
IHS
TR
TR
Q4 25
17.0%
Q3 25
35.1%
13.9%
Q2 25
33.8%
7.8%
Q1 25
37.1%
15.5%
Q4 24
20.0%
Q3 24
29.9%
15.6%
Q2 24
34.0%
10.2%
Q1 24
-1.7%
7.3%
Net Margin
IHS
IHS
TR
TR
Q4 25
14.7%
Q3 25
32.4%
15.3%
Q2 25
7.5%
11.3%
Q1 25
7.0%
12.2%
Q4 24
11.6%
Q3 24
-48.9%
14.5%
Q2 24
-28.5%
10.4%
Q1 24
-372.8%
10.3%
EPS (diluted)
IHS
IHS
TR
TR
Q4 25
Q3 25
$0.44
Q2 25
$0.10
Q1 25
$0.10
Q4 24
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
TR
TR
Cash + ST InvestmentsLiquidity on hand
$825.7M
$176.6M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$941.0M
Total Assets
$4.5B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
TR
TR
Q4 25
$825.7M
$176.6M
Q3 25
$647.6M
$119.8M
Q2 25
$531.8M
$170.5M
Q1 25
$629.0M
$176.6M
Q4 24
$578.0M
$194.6M
Q3 24
$397.5M
$163.2M
Q2 24
$445.7M
$131.2M
Q1 24
$333.2M
$159.4M
Total Debt
IHS
IHS
TR
TR
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
TR
TR
Q4 25
$-89.8M
$941.0M
Q3 25
$38.1M
$918.9M
Q2 25
$-98.4M
$893.1M
Q1 25
$-184.4M
$879.4M
Q4 24
$-314.4M
$870.7M
Q3 24
$-284.7M
$870.2M
Q2 24
$-308.3M
$841.4M
Q1 24
$-163.2M
$834.4M
Total Assets
IHS
IHS
TR
TR
Q4 25
$4.5B
$1.3B
Q3 25
$4.7B
$1.2B
Q2 25
$4.5B
$1.2B
Q1 25
$4.4B
$1.1B
Q4 24
$4.2B
$1.1B
Q3 24
$4.6B
$1.1B
Q2 24
$4.5B
$1.1B
Q1 24
$4.6B
$1.1B
Debt / Equity
IHS
IHS
TR
TR
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
TR
TR
Operating Cash FlowLast quarter
$246.9M
$73.3M
Free Cash FlowOCF − Capex
$178.6M
$61.0M
FCF MarginFCF / Revenue
70.3%
31.1%
Capex IntensityCapex / Revenue
26.9%
6.3%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$96.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
TR
TR
Q4 25
$246.9M
$73.3M
Q3 25
$251.3M
$62.2M
Q2 25
$237.7M
$-8.5M
Q1 25
$200.3M
$3.6M
Q4 24
$344.4M
$68.8M
Q3 24
$174.5M
$61.3M
Q2 24
$134.7M
$-12.6M
Q1 24
$75.8M
$21.4M
Free Cash Flow
IHS
IHS
TR
TR
Q4 25
$178.6M
$61.0M
Q3 25
$189.2M
$50.7M
Q2 25
$197.7M
$-16.0M
Q1 25
$153.2M
$750.0K
Q4 24
$282.9M
$64.7M
Q3 24
$122.3M
$55.8M
Q2 24
$74.2M
$-16.6M
Q1 24
$14.8M
$16.9M
FCF Margin
IHS
IHS
TR
TR
Q4 25
70.3%
31.1%
Q3 25
41.6%
21.8%
Q2 25
45.6%
-10.3%
Q1 25
34.8%
0.5%
Q4 24
111.5%
33.5%
Q3 24
29.1%
24.7%
Q2 24
17.0%
-11.0%
Q1 24
3.5%
11.0%
Capex Intensity
IHS
IHS
TR
TR
Q4 25
26.9%
6.3%
Q3 25
13.6%
5.0%
Q2 25
9.2%
4.8%
Q1 25
10.7%
1.9%
Q4 24
24.2%
2.1%
Q3 24
12.4%
2.4%
Q2 24
13.9%
2.6%
Q1 24
14.6%
2.9%
Cash Conversion
IHS
IHS
TR
TR
Q4 25
2.55×
Q3 25
1.70×
1.74×
Q2 25
7.36×
-0.49×
Q1 25
6.52×
0.20×
Q4 24
3.06×
Q3 24
1.87×
Q2 24
-0.81×
Q1 24
1.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

TR
TR

Products$194.3M99%
Rental And Royalty$1.9M1%

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