vs

Side-by-side financial comparison of IHS Holding Ltd (IHS) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $254.0M, roughly 1.3× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -76.3%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $168.0M). Over the past eight quarters, WYNDHAM HOTELS & RESORTS, INC.'s revenue compounded faster (-4.6% 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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

IHS vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.3× larger
WH
$334.0M
$254.0M
IHS
Growing faster (revenue YoY)
IHS
IHS
+76.4% gap
IHS
0.1%
-76.3%
WH
More free cash flow
IHS
IHS
$10.6M more FCF
IHS
$178.6M
$168.0M
WH
Faster 2-yr revenue CAGR
WH
WH
Annualised
WH
-4.6%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IHS
IHS
WH
WH
Revenue
$254.0M
$334.0M
Net Profit
$-60.0M
Gross Margin
83.6%
Operating Margin
Net Margin
-18.0%
Revenue YoY
0.1%
-76.3%
Net Profit YoY
-170.6%
EPS (diluted)
$-0.80

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
WH
WH
Q1 26
$334.0M
Q4 25
$254.0M
$334.0M
Q3 25
$455.1M
$382.0M
Q2 25
$433.3M
$397.0M
Q1 25
$439.6M
$316.0M
Q4 24
$253.8M
$336.0M
Q3 24
$420.3M
$396.0M
Q2 24
$435.4M
$367.0M
Net Profit
IHS
IHS
WH
WH
Q1 26
$-60.0M
Q4 25
$-60.0M
Q3 25
$147.4M
$105.0M
Q2 25
$32.3M
$87.0M
Q1 25
$30.7M
$61.0M
Q4 24
$85.0M
Q3 24
$-205.7M
$102.0M
Q2 24
$-124.3M
$86.0M
Gross Margin
IHS
IHS
WH
WH
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%
Operating Margin
IHS
IHS
WH
WH
Q1 26
Q4 25
-11.4%
Q3 25
35.1%
46.6%
Q2 25
33.8%
37.8%
Q1 25
37.1%
35.4%
Q4 24
38.4%
Q3 24
29.9%
43.2%
Q2 24
34.0%
39.5%
Net Margin
IHS
IHS
WH
WH
Q1 26
-18.0%
Q4 25
-18.0%
Q3 25
32.4%
27.5%
Q2 25
7.5%
21.9%
Q1 25
7.0%
19.3%
Q4 24
25.3%
Q3 24
-48.9%
25.8%
Q2 24
-28.5%
23.4%
EPS (diluted)
IHS
IHS
WH
WH
Q1 26
$-0.80
Q4 25
$-0.77
Q3 25
$0.44
$1.36
Q2 25
$0.10
$1.13
Q1 25
$0.10
$0.78
Q4 24
$1.06
Q3 24
$-0.61
$1.29
Q2 24
$-0.36
$1.07

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
WH
WH
Cash + ST InvestmentsLiquidity on hand
$825.7M
$64.0M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$468.0M
Total Assets
$4.5B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
WH
WH
Q1 26
$64.0M
Q4 25
$825.7M
$64.0M
Q3 25
$647.6M
$70.0M
Q2 25
$531.8M
$50.0M
Q1 25
$629.0M
$48.0M
Q4 24
$578.0M
$103.0M
Q3 24
$397.5M
$72.0M
Q2 24
$445.7M
$70.0M
Total Debt
IHS
IHS
WH
WH
Q1 26
Q4 25
$3.1B
$2.5B
Q3 25
$3.3B
$2.6B
Q2 25
$3.2B
$2.5B
Q1 25
$3.4B
$2.5B
Q4 24
$3.3B
$2.4B
Q3 24
$3.5B
$2.4B
Q2 24
$3.6B
$2.4B
Stockholders' Equity
IHS
IHS
WH
WH
Q1 26
$468.0M
Q4 25
$-89.8M
$468.0M
Q3 25
$38.1M
$583.0M
Q2 25
$-98.4M
$570.0M
Q1 25
$-184.4M
$579.0M
Q4 24
$-314.4M
$650.0M
Q3 24
$-284.7M
$583.0M
Q2 24
$-308.3M
$623.0M
Total Assets
IHS
IHS
WH
WH
Q1 26
$4.2B
Q4 25
$4.5B
$4.2B
Q3 25
$4.7B
$4.3B
Q2 25
$4.5B
$4.3B
Q1 25
$4.4B
$4.2B
Q4 24
$4.2B
$4.2B
Q3 24
$4.6B
$4.2B
Q2 24
$4.5B
$4.2B
Debt / Equity
IHS
IHS
WH
WH
Q1 26
Q4 25
5.37×
Q3 25
85.85×
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$246.9M
$367.0M
Free Cash FlowOCF − Capex
$178.6M
$168.0M
FCF MarginFCF / Revenue
70.3%
50.3%
Capex IntensityCapex / Revenue
26.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
WH
WH
Q1 26
$367.0M
Q4 25
$246.9M
$152.0M
Q3 25
$251.3M
$86.0M
Q2 25
$237.7M
$70.0M
Q1 25
$200.3M
$59.0M
Q4 24
$344.4M
$134.0M
Q3 24
$174.5M
$79.0M
Q2 24
$134.7M
$1.0M
Free Cash Flow
IHS
IHS
WH
WH
Q1 26
$168.0M
Q4 25
$178.6M
$136.0M
Q3 25
$189.2M
$75.0M
Q2 25
$197.7M
$58.0M
Q1 25
$153.2M
$52.0M
Q4 24
$282.9M
$109.0M
Q3 24
$122.3M
$71.0M
Q2 24
$74.2M
$-6.0M
FCF Margin
IHS
IHS
WH
WH
Q1 26
50.3%
Q4 25
70.3%
40.7%
Q3 25
41.6%
19.6%
Q2 25
45.6%
14.6%
Q1 25
34.8%
16.5%
Q4 24
111.5%
32.4%
Q3 24
29.1%
17.9%
Q2 24
17.0%
-1.6%
Capex Intensity
IHS
IHS
WH
WH
Q1 26
Q4 25
26.9%
4.8%
Q3 25
13.6%
2.9%
Q2 25
9.2%
3.0%
Q1 25
10.7%
2.2%
Q4 24
24.2%
7.4%
Q3 24
12.4%
2.0%
Q2 24
13.9%
1.9%
Cash Conversion
IHS
IHS
WH
WH
Q1 26
Q4 25
Q3 25
1.70×
0.82×
Q2 25
7.36×
0.80×
Q1 25
6.52×
0.97×
Q4 24
1.58×
Q3 24
0.77×
Q2 24
0.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

Related Comparisons