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Side-by-side financial comparison of IHS Holding Ltd (IHS) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $208.0M, roughly 1.2× VIRTUS INVESTMENT PARTNERS, INC.). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -10.9%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-74.1M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% 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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
IHS vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $208.0M |
| Net Profit | — | $33.9M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 19.1% |
| Net Margin | — | 16.3% |
| Revenue YoY | 0.1% | -10.9% |
| Net Profit YoY | — | -14.2% |
| EPS (diluted) | — | $5.15 |
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.
| Q4 25 | $254.0M | $208.0M | ||
| Q3 25 | $455.1M | $216.4M | ||
| Q2 25 | $433.3M | $210.5M | ||
| Q1 25 | $439.6M | $217.9M | ||
| Q4 24 | $253.8M | $233.5M | ||
| Q3 24 | $420.3M | $227.0M | ||
| Q2 24 | $435.4M | $224.4M | ||
| Q1 24 | $417.7M | $222.0M |
| Q4 25 | — | $33.9M | ||
| Q3 25 | $147.4M | $31.3M | ||
| Q2 25 | $32.3M | $42.7M | ||
| Q1 25 | $30.7M | $28.1M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $-205.7M | $49.1M | ||
| Q2 24 | $-124.3M | $26.0M | ||
| Q1 24 | $-1.6B | $37.9M |
| 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% | — |
| Q4 25 | — | 19.1% | ||
| Q3 25 | 35.1% | 21.7% | ||
| Q2 25 | 33.8% | 21.5% | ||
| Q1 25 | 37.1% | 16.8% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 29.9% | 24.3% | ||
| Q2 24 | 34.0% | 19.7% | ||
| Q1 24 | -1.7% | 14.5% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | 32.4% | 14.5% | ||
| Q2 25 | 7.5% | 20.3% | ||
| Q1 25 | 7.0% | 12.9% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | -48.9% | 21.6% | ||
| Q2 24 | -28.5% | 11.6% | ||
| Q1 24 | -372.8% | 17.1% |
| Q4 25 | — | $5.15 | ||
| Q3 25 | $0.44 | $4.65 | ||
| Q2 25 | $0.10 | $6.12 | ||
| Q1 25 | $0.10 | $4.05 | ||
| Q4 24 | — | $4.65 | ||
| Q3 24 | $-0.61 | $5.71 | ||
| Q2 24 | $-0.36 | $2.43 | ||
| Q1 24 | $-4.67 | $4.10 |
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 | — |
| Total DebtLower is stronger | $3.1B | $390.0M |
| Stockholders' EquityBook value | $-89.8M | $934.0M |
| Total Assets | $4.5B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $3.1B | $390.0M | ||
| Q3 25 | $3.3B | $390.6M | ||
| Q2 25 | $3.2B | $231.3M | ||
| Q1 25 | $3.4B | $231.7M | ||
| Q4 24 | $3.3B | $232.1M | ||
| Q3 24 | $3.5B | $237.5M | ||
| Q2 24 | $3.6B | $247.6M | ||
| Q1 24 | $3.5B | $253.0M |
| Q4 25 | $-89.8M | $934.0M | ||
| Q3 25 | $38.1M | $918.7M | ||
| Q2 25 | $-98.4M | $896.4M | ||
| Q1 25 | $-184.4M | $893.7M | ||
| Q4 24 | $-314.4M | $897.5M | ||
| Q3 24 | $-284.7M | $889.0M | ||
| Q2 24 | $-308.3M | $868.7M | ||
| Q1 24 | $-163.2M | $871.7M |
| Q4 25 | $4.5B | $4.3B | ||
| Q3 25 | $4.7B | $3.9B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.4B | $3.7B | ||
| Q4 24 | $4.2B | $4.0B | ||
| Q3 24 | $4.6B | $3.6B | ||
| Q2 24 | $4.5B | $3.6B | ||
| Q1 24 | $4.6B | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | 85.85× | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $178.6M | $-74.1M |
| FCF MarginFCF / Revenue | 70.3% | -35.6% |
| Capex IntensityCapex / Revenue | 26.9% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $-67.2M | ||
| Q3 25 | $251.3M | $108.3M | ||
| Q2 25 | $237.7M | $75.8M | ||
| Q1 25 | $200.3M | $-3.8M | ||
| Q4 24 | $344.4M | $1.8M | ||
| Q3 24 | $174.5M | $69.1M | ||
| Q2 24 | $134.7M | $70.0M | ||
| Q1 24 | $75.8M | $-34.5M |
| Q4 25 | $178.6M | $-74.1M | ||
| Q3 25 | $189.2M | $106.9M | ||
| Q2 25 | $197.7M | $74.2M | ||
| Q1 25 | $153.2M | $-6.8M | ||
| Q4 24 | $282.9M | $-3.8M | ||
| Q3 24 | $122.3M | $68.7M | ||
| Q2 24 | $74.2M | $68.6M | ||
| Q1 24 | $14.8M | $-36.5M |
| Q4 25 | 70.3% | -35.6% | ||
| Q3 25 | 41.6% | 49.4% | ||
| Q2 25 | 45.6% | 35.2% | ||
| Q1 25 | 34.8% | -3.1% | ||
| Q4 24 | 111.5% | -1.6% | ||
| Q3 24 | 29.1% | 30.3% | ||
| Q2 24 | 17.0% | 30.6% | ||
| Q1 24 | 3.5% | -16.4% |
| Q4 25 | 26.9% | 3.3% | ||
| Q3 25 | 13.6% | 0.7% | ||
| Q2 25 | 9.2% | 0.7% | ||
| Q1 25 | 10.7% | 1.4% | ||
| Q4 24 | 24.2% | 2.4% | ||
| Q3 24 | 12.4% | 0.2% | ||
| Q2 24 | 13.9% | 0.6% | ||
| Q1 24 | 14.6% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | 1.70× | 3.45× | ||
| Q2 25 | 7.36× | 1.77× | ||
| Q1 25 | 6.52× | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
