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Side-by-side financial comparison of IHS Holding Ltd (IHS) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $192.4M, roughly 1.3× Xometry, Inc.). On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
IHS vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $192.4M |
| Net Profit | — | $-8.6M |
| Gross Margin | 83.6% | 39.1% |
| Operating Margin | — | -4.6% |
| Net Margin | — | -4.5% |
| Revenue YoY | 0.1% | 29.5% |
| Net Profit YoY | — | 12.7% |
| EPS (diluted) | — | — |
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 | $192.4M | ||
| Q3 25 | $455.1M | $180.7M | ||
| Q2 25 | $433.3M | $162.5M | ||
| Q1 25 | $439.6M | $151.0M | ||
| Q4 24 | $253.8M | $148.5M | ||
| Q3 24 | $420.3M | $141.7M | ||
| Q2 24 | $435.4M | $132.6M | ||
| Q1 24 | $417.7M | $122.7M |
| Q4 25 | — | $-8.6M | ||
| Q3 25 | $147.4M | $-11.6M | ||
| Q2 25 | $32.3M | $-26.4M | ||
| Q1 25 | $30.7M | $-15.1M | ||
| Q4 24 | — | $-9.9M | ||
| Q3 24 | $-205.7M | $-10.2M | ||
| Q2 24 | $-124.3M | $-13.7M | ||
| Q1 24 | $-1.6B | $-16.6M |
| Q4 25 | 83.6% | 39.1% | ||
| Q3 25 | 47.5% | 39.9% | ||
| Q2 25 | 51.3% | 40.1% | ||
| Q1 25 | 51.4% | 37.3% | ||
| Q4 24 | 72.1% | 39.7% | ||
| Q3 24 | 52.0% | 39.4% | ||
| Q2 24 | 52.5% | 39.9% | ||
| Q1 24 | 39.1% | 39.0% |
| Q4 25 | — | -4.6% | ||
| Q3 25 | 35.1% | -6.1% | ||
| Q2 25 | 33.8% | -6.3% | ||
| Q1 25 | 37.1% | -10.2% | ||
| Q4 24 | — | -7.8% | ||
| Q3 24 | 29.9% | -8.1% | ||
| Q2 24 | 34.0% | -11.5% | ||
| Q1 24 | -1.7% | -14.6% |
| Q4 25 | — | -4.5% | ||
| Q3 25 | 32.4% | -6.4% | ||
| Q2 25 | 7.5% | -16.3% | ||
| Q1 25 | 7.0% | -10.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | -48.9% | -7.2% | ||
| Q2 24 | -28.5% | -10.3% | ||
| Q1 24 | -372.8% | -13.5% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $825.7M | $219.1M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $275.6M |
| Total Assets | $4.5B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $219.1M | ||
| Q3 25 | $647.6M | $224.5M | ||
| Q2 25 | $531.8M | $225.8M | ||
| Q1 25 | $629.0M | $231.4M | ||
| Q4 24 | $578.0M | $239.8M | ||
| Q3 24 | $397.5M | $234.0M | ||
| Q2 24 | $445.7M | $240.9M | ||
| Q1 24 | $333.2M | $253.8M |
| 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 | — |
| Q4 25 | $-89.8M | $275.6M | ||
| Q3 25 | $38.1M | $272.0M | ||
| Q2 25 | $-98.4M | $270.4M | ||
| Q1 25 | $-184.4M | $309.9M | ||
| Q4 24 | $-314.4M | $314.5M | ||
| Q3 24 | $-284.7M | $315.2M | ||
| Q2 24 | $-308.3M | $315.8M | ||
| Q1 24 | $-163.2M | $320.4M |
| Q4 25 | $4.5B | $703.7M | ||
| Q3 25 | $4.7B | $698.9M | ||
| Q2 25 | $4.5B | $687.0M | ||
| Q1 25 | $4.4B | $690.1M | ||
| Q4 24 | $4.2B | $680.1M | ||
| Q3 24 | $4.6B | $678.2M | ||
| Q2 24 | $4.5B | $678.6M | ||
| Q1 24 | $4.6B | $692.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $246.9M | $4.4M |
| Free Cash FlowOCF − Capex | $178.6M | $-5.9M |
| FCF MarginFCF / Revenue | 70.3% | -3.0% |
| Capex IntensityCapex / Revenue | 26.9% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $4.4M | ||
| Q3 25 | $251.3M | $5.8M | ||
| Q2 25 | $237.7M | $-427.0K | ||
| Q1 25 | $200.3M | $-3.7M | ||
| Q4 24 | $344.4M | $9.1M | ||
| Q3 24 | $174.5M | $-3.6M | ||
| Q2 24 | $134.7M | $-9.1M | ||
| Q1 24 | $75.8M | $-11.7M |
| Q4 25 | $178.6M | $-5.9M | ||
| Q3 25 | $189.2M | $-1.7M | ||
| Q2 25 | $197.7M | $-7.4M | ||
| Q1 25 | $153.2M | $-9.2M | ||
| Q4 24 | $282.9M | $4.5M | ||
| Q3 24 | $122.3M | $-8.4M | ||
| Q2 24 | $74.2M | $-13.5M | ||
| Q1 24 | $14.8M | $-16.1M |
| Q4 25 | 70.3% | -3.0% | ||
| Q3 25 | 41.6% | -0.9% | ||
| Q2 25 | 45.6% | -4.5% | ||
| Q1 25 | 34.8% | -6.1% | ||
| Q4 24 | 111.5% | 3.1% | ||
| Q3 24 | 29.1% | -6.0% | ||
| Q2 24 | 17.0% | -10.2% | ||
| Q1 24 | 3.5% | -13.1% |
| Q4 25 | 26.9% | 5.3% | ||
| Q3 25 | 13.6% | 4.1% | ||
| Q2 25 | 9.2% | 4.3% | ||
| Q1 25 | 10.7% | 3.6% | ||
| Q4 24 | 24.2% | 3.1% | ||
| Q3 24 | 12.4% | 3.4% | ||
| Q2 24 | 13.9% | 3.3% | ||
| Q1 24 | 14.6% | 3.5% |
| 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.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
