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Side-by-side financial comparison of IHS Holding Ltd (IHS) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $254.0M, roughly 1.7× IHS Holding Ltd). On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs 0.1%). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (1.3% 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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
IHS vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $425.8M |
| Net Profit | — | $189.8M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 54.0% |
| Net Margin | — | 44.6% |
| Revenue YoY | 0.1% | 0.9% |
| Net Profit YoY | — | 147.2% |
| EPS (diluted) | — | $0.63 |
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.
| Q1 26 | — | $425.8M | ||
| Q4 25 | $254.0M | $433.1M | ||
| Q3 25 | $455.1M | $431.9M | ||
| Q2 25 | $433.3M | $425.4M | ||
| Q1 25 | $439.6M | $421.9M | ||
| Q4 24 | $253.8M | $422.7M | ||
| Q3 24 | $420.3M | $420.2M | ||
| Q2 24 | $435.4M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | — | $222.9M | ||
| Q3 25 | $147.4M | $40.4M | ||
| Q2 25 | $32.3M | $37.7M | ||
| Q1 25 | $30.7M | $76.7M | ||
| Q4 24 | — | $-5.0M | ||
| Q3 24 | $-205.7M | $22.6M | ||
| Q2 24 | $-124.3M | $28.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 54.0% | ||
| Q4 25 | — | 64.1% | ||
| Q3 25 | 35.1% | 17.7% | ||
| Q2 25 | 33.8% | 18.2% | ||
| Q1 25 | 37.1% | 29.0% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | 29.9% | 16.6% | ||
| Q2 24 | 34.0% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | — | 51.5% | ||
| Q3 25 | 32.4% | 9.4% | ||
| Q2 25 | 7.5% | 8.9% | ||
| Q1 25 | 7.0% | 18.2% | ||
| Q4 24 | — | -220.5% | ||
| Q3 24 | -48.9% | 5.4% | ||
| Q2 24 | -28.5% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | — | $0.67 | ||
| Q3 25 | $0.44 | $0.12 | ||
| Q2 25 | $0.10 | $0.11 | ||
| Q1 25 | $0.10 | $0.23 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $-0.61 | $0.06 | ||
| Q2 24 | $-0.36 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $3.3B |
| Total Assets | $4.5B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $825.7M | $1.2M | ||
| Q3 25 | $647.6M | $1.2M | ||
| Q2 25 | $531.8M | $1.5M | ||
| Q1 25 | $629.0M | $1.3M | ||
| Q4 24 | $578.0M | $1.3M | ||
| Q3 24 | $397.5M | $2.3M | ||
| Q2 24 | $445.7M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $5.8B | ||
| Q3 25 | $3.3B | $5.8B | ||
| Q2 25 | $3.2B | $5.8B | ||
| Q1 25 | $3.4B | $5.8B | ||
| Q4 24 | $3.3B | $5.8B | ||
| Q3 24 | $3.5B | $5.9B | ||
| Q2 24 | $3.6B | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $-89.8M | $3.3B | ||
| Q3 25 | $38.1M | $3.3B | ||
| Q2 25 | $-98.4M | $3.3B | ||
| Q1 25 | $-184.4M | $3.3B | ||
| Q4 24 | $-314.4M | $3.4B | ||
| Q3 24 | $-284.7M | $3.5B | ||
| Q2 24 | $-308.3M | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $4.5B | $10.6B | ||
| Q3 25 | $4.7B | $10.6B | ||
| Q2 25 | $4.5B | $10.6B | ||
| Q1 25 | $4.4B | $10.7B | ||
| Q4 24 | $4.2B | $10.9B | ||
| Q3 24 | $4.6B | $11.1B | ||
| Q2 24 | $4.5B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | 85.85× | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.55× |
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 | — |
| Free Cash FlowOCF − Capex | $178.6M | — |
| FCF MarginFCF / Revenue | 70.3% | — |
| Capex IntensityCapex / Revenue | 26.9% | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $246.9M | $902.9M | ||
| Q3 25 | $251.3M | $234.9M | ||
| Q2 25 | $237.7M | $250.3M | ||
| Q1 25 | $200.3M | $156.2M | ||
| Q4 24 | $344.4M | $876.8M | ||
| Q3 24 | $174.5M | $230.3M | ||
| Q2 24 | $134.7M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $178.6M | $650.0M | ||
| Q3 25 | $189.2M | $164.6M | ||
| Q2 25 | $197.7M | $190.1M | ||
| Q1 25 | $153.2M | $103.2M | ||
| Q4 24 | $282.9M | $627.0M | ||
| Q3 24 | $122.3M | $161.3M | ||
| Q2 24 | $74.2M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | 70.3% | 150.1% | ||
| Q3 25 | 41.6% | 38.1% | ||
| Q2 25 | 45.6% | 44.7% | ||
| Q1 25 | 34.8% | 24.5% | ||
| Q4 24 | 111.5% | 148.3% | ||
| Q3 24 | 29.1% | 38.4% | ||
| Q2 24 | 17.0% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 26.9% | 58.4% | ||
| Q3 25 | 13.6% | 16.3% | ||
| Q2 25 | 9.2% | 14.2% | ||
| Q1 25 | 10.7% | 12.6% | ||
| Q4 24 | 24.2% | 59.1% | ||
| Q3 24 | 12.4% | 16.4% | ||
| Q2 24 | 13.9% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | 1.70× | 5.81× | ||
| Q2 25 | 7.36× | 6.64× | ||
| Q1 25 | 6.52× | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.19× | ||
| Q2 24 | — | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
