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

IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $147.4M, roughly 1.7× WisdomTree, Inc.). On growth, WisdomTree, Inc. posted the faster year-over-year revenue change (33.2% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $147.7M). Over the past eight quarters, WisdomTree, Inc.'s revenue compounded faster (23.4% 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.

WisdomTree, Inc. is a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager with headquarters in New York. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives.

IHS vs WT — Head-to-Head

Bigger by revenue
IHS
IHS
1.7× larger
IHS
$254.0M
$147.4M
WT
Growing faster (revenue YoY)
WT
WT
+33.1% gap
WT
33.2%
0.1%
IHS
More free cash flow
IHS
IHS
$30.9M more FCF
IHS
$178.6M
$147.7M
WT
Faster 2-yr revenue CAGR
WT
WT
Annualised
WT
23.4%
-22.0%
IHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IHS
IHS
WT
WT
Revenue
$254.0M
$147.4M
Net Profit
$40.0M
Gross Margin
83.6%
Operating Margin
40.5%
Net Margin
27.1%
Revenue YoY
0.1%
33.2%
Net Profit YoY
46.6%
EPS (diluted)
$0.28

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
WT
WT
Q4 25
$254.0M
$147.4M
Q3 25
$455.1M
$125.6M
Q2 25
$433.3M
$112.6M
Q1 25
$439.6M
$108.1M
Q4 24
$253.8M
$110.7M
Q3 24
$420.3M
$113.2M
Q2 24
$435.4M
$107.0M
Q1 24
$417.7M
$96.8M
Net Profit
IHS
IHS
WT
WT
Q4 25
$40.0M
Q3 25
$147.4M
$19.7M
Q2 25
$32.3M
$24.8M
Q1 25
$30.7M
$24.6M
Q4 24
$27.3M
Q3 24
$-205.7M
$-4.5M
Q2 24
$-124.3M
$21.8M
Q1 24
$-1.6B
$22.1M
Gross Margin
IHS
IHS
WT
WT
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
WT
WT
Q4 25
40.5%
Q3 25
35.1%
36.3%
Q2 25
33.8%
30.8%
Q1 25
37.1%
31.6%
Q4 24
31.7%
Q3 24
29.9%
36.0%
Q2 24
34.0%
31.3%
Q1 24
-1.7%
28.9%
Net Margin
IHS
IHS
WT
WT
Q4 25
27.1%
Q3 25
32.4%
15.7%
Q2 25
7.5%
22.0%
Q1 25
7.0%
22.8%
Q4 24
24.7%
Q3 24
-48.9%
-4.0%
Q2 24
-28.5%
20.3%
Q1 24
-372.8%
22.8%
EPS (diluted)
IHS
IHS
WT
WT
Q4 25
$0.28
Q3 25
$0.44
$0.13
Q2 25
$0.10
$0.17
Q1 25
$0.10
$0.17
Q4 24
$0.20
Q3 24
$-0.61
$-0.13
Q2 24
$-0.36
$0.13
Q1 24
$-4.67
$0.13

Balance Sheet & Financial Strength

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

Metric
IHS
IHS
WT
WT
Cash + ST InvestmentsLiquidity on hand
$825.7M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$-89.8M
$413.7M
Total Assets
$4.5B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IHS
IHS
WT
WT
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
$132.5M
Q1 24
$333.2M
$116.9M
Total Debt
IHS
IHS
WT
WT
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
WT
WT
Q4 25
$-89.8M
$413.7M
Q3 25
$38.1M
$373.4M
Q2 25
$-98.4M
$445.1M
Q1 25
$-184.4M
$415.6M
Q4 24
$-314.4M
$400.0M
Q3 24
$-284.7M
$374.9M
Q2 24
$-308.3M
$445.6M
Q1 24
$-163.2M
$423.2M
Total Assets
IHS
IHS
WT
WT
Q4 25
$4.5B
$1.5B
Q3 25
$4.7B
$1.4B
Q2 25
$4.5B
$1.1B
Q1 25
$4.4B
$1.0B
Q4 24
$4.2B
$1.0B
Q3 24
$4.6B
$1.0B
Q2 24
$4.5B
$964.1M
Q1 24
$4.6B
$931.7M
Debt / Equity
IHS
IHS
WT
WT
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
WT
WT
Operating Cash FlowLast quarter
$246.9M
$147.9M
Free Cash FlowOCF − Capex
$178.6M
$147.7M
FCF MarginFCF / Revenue
70.3%
100.2%
Capex IntensityCapex / Revenue
26.9%
0.1%
Cash ConversionOCF / Net Profit
3.70×
TTM Free Cash FlowTrailing 4 quarters
$718.7M
$240.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IHS
IHS
WT
WT
Q4 25
$246.9M
$147.9M
Q3 25
$251.3M
$48.1M
Q2 25
$237.7M
$38.8M
Q1 25
$200.3M
$6.4M
Q4 24
$344.4M
$113.5M
Q3 24
$174.5M
$47.7M
Q2 24
$134.7M
$32.2M
Q1 24
$75.8M
$-1.0M
Free Cash Flow
IHS
IHS
WT
WT
Q4 25
$178.6M
$147.7M
Q3 25
$189.2M
$48.0M
Q2 25
$197.7M
$38.7M
Q1 25
$153.2M
$6.3M
Q4 24
$282.9M
$113.3M
Q3 24
$122.3M
$47.7M
Q2 24
$74.2M
$32.2M
Q1 24
$14.8M
$-1.1M
FCF Margin
IHS
IHS
WT
WT
Q4 25
70.3%
100.2%
Q3 25
41.6%
38.2%
Q2 25
45.6%
34.4%
Q1 25
34.8%
5.9%
Q4 24
111.5%
102.4%
Q3 24
29.1%
42.1%
Q2 24
17.0%
30.1%
Q1 24
3.5%
-1.1%
Capex Intensity
IHS
IHS
WT
WT
Q4 25
26.9%
0.1%
Q3 25
13.6%
0.0%
Q2 25
9.2%
0.1%
Q1 25
10.7%
0.0%
Q4 24
24.2%
0.1%
Q3 24
12.4%
0.0%
Q2 24
13.9%
0.0%
Q1 24
14.6%
0.1%
Cash Conversion
IHS
IHS
WT
WT
Q4 25
3.70×
Q3 25
1.70×
2.44×
Q2 25
7.36×
1.57×
Q1 25
6.52×
0.26×
Q4 24
4.15×
Q3 24
Q2 24
1.48×
Q1 24
-0.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IHS
IHS

Segment breakdown not available.

WT
WT

Investment Advisory Management And Administrative Service$122.7M83%
Other Services Income$12.7M9%
IE$11.5M8%

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