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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $235.9M, roughly 1.1× Vroom, Inc.). On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-108.8M). Over the past eight quarters, IHS Holding Ltd's revenue compounded faster (-22.0% CAGR vs -49.5%).

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.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

IHS vs VRM — Head-to-Head

Bigger by revenue
IHS
IHS
1.1× larger
IHS
$254.0M
$235.9M
VRM
Growing faster (revenue YoY)
VRM
VRM
+12.9% gap
VRM
12.9%
0.1%
IHS
More free cash flow
IHS
IHS
$287.4M more FCF
IHS
$178.6M
$-108.8M
VRM
Faster 2-yr revenue CAGR
IHS
IHS
Annualised
IHS
-22.0%
-49.5%
VRM

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
IHS
IHS
VRM
VRM
Revenue
$254.0M
$235.9M
Net Profit
$-141.1M
Gross Margin
83.6%
12.3%
Operating Margin
-11.5%
Net Margin
-59.8%
Revenue YoY
0.1%
12.9%
Net Profit YoY
-669.8%
EPS (diluted)
$-80.66

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
VRM
VRM
Q4 25
$254.0M
Q3 25
$455.1M
Q2 25
$433.3M
Q1 25
$439.6M
Q4 24
$253.8M
Q3 24
$420.3M
Q2 24
$435.4M
Q1 24
$417.7M
Net Profit
IHS
IHS
VRM
VRM
Q4 25
Q3 25
$147.4M
Q2 25
$32.3M
Q1 25
$30.7M
Q4 24
Q3 24
$-205.7M
Q2 24
$-124.3M
Q1 24
$-1.6B
Gross Margin
IHS
IHS
VRM
VRM
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
VRM
VRM
Q4 25
Q3 25
35.1%
Q2 25
33.8%
Q1 25
37.1%
Q4 24
Q3 24
29.9%
Q2 24
34.0%
Q1 24
-1.7%
Net Margin
IHS
IHS
VRM
VRM
Q4 25
Q3 25
32.4%
Q2 25
7.5%
Q1 25
7.0%
Q4 24
Q3 24
-48.9%
Q2 24
-28.5%
Q1 24
-372.8%
EPS (diluted)
IHS
IHS
VRM
VRM
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
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$825.7M
$135.6M
Total DebtLower is stronger
$3.1B
$454.2M
Stockholders' EquityBook value
$-89.8M
$127.7M
Total Assets
$4.5B
$1.5B
Debt / EquityLower = less leverage
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
VRM
VRM
Q4 25
$825.7M
Q3 25
$647.6M
Q2 25
$531.8M
Q1 25
$629.0M
Q4 24
$578.0M
Q3 24
$397.5M
Q2 24
$445.7M
Q1 24
$333.2M
Total Debt
IHS
IHS
VRM
VRM
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
VRM
VRM
Q4 25
$-89.8M
Q3 25
$38.1M
Q2 25
$-98.4M
Q1 25
$-184.4M
Q4 24
$-314.4M
Q3 24
$-284.7M
Q2 24
$-308.3M
Q1 24
$-163.2M
Total Assets
IHS
IHS
VRM
VRM
Q4 25
$4.5B
Q3 25
$4.7B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$4.2B
Q3 24
$4.6B
Q2 24
$4.5B
Q1 24
$4.6B
Debt / Equity
IHS
IHS
VRM
VRM
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
VRM
VRM
Operating Cash FlowLast quarter
$246.9M
$-108.1M
Free Cash FlowOCF − Capex
$178.6M
$-108.8M
FCF MarginFCF / Revenue
70.3%
-46.1%
Capex IntensityCapex / Revenue
26.9%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
VRM
VRM
Q4 25
$246.9M
Q3 25
$251.3M
Q2 25
$237.7M
Q1 25
$200.3M
Q4 24
$344.4M
Q3 24
$174.5M
Q2 24
$134.7M
Q1 24
$75.8M
Free Cash Flow
IHS
IHS
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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
VRM
VRM
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
6.52×
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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