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Side-by-side financial comparison of IHS Holding Ltd (IHS) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($382.1M vs $254.0M, roughly 1.5× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -12.5%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $23.2M). Over the past eight quarters, EXPRO GROUP HOLDINGS N.V.'s revenue compounded faster (-0.2% 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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
IHS vs XPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $382.1M |
| Net Profit | — | $5.8M |
| Gross Margin | 83.6% | — |
| Operating Margin | — | 3.1% |
| Net Margin | — | 1.5% |
| Revenue YoY | 0.1% | -12.5% |
| Net Profit YoY | — | -74.9% |
| EPS (diluted) | — | $0.05 |
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 | $382.1M | ||
| Q3 25 | $455.1M | $411.4M | ||
| Q2 25 | $433.3M | $422.7M | ||
| Q1 25 | $439.6M | $390.9M | ||
| Q4 24 | $253.8M | $436.8M | ||
| Q3 24 | $420.3M | $422.8M | ||
| Q2 24 | $435.4M | $469.6M | ||
| Q1 24 | $417.7M | $383.5M |
| Q4 25 | — | $5.8M | ||
| Q3 25 | $147.4M | $14.0M | ||
| Q2 25 | $32.3M | $18.0M | ||
| Q1 25 | $30.7M | $13.9M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | $-205.7M | $16.3M | ||
| Q2 24 | $-124.3M | $15.3M | ||
| Q1 24 | $-1.6B | $-2.7M |
| 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 | — | 3.1% | ||
| Q3 25 | 35.1% | 6.4% | ||
| Q2 25 | 33.8% | 7.7% | ||
| Q1 25 | 37.1% | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 29.9% | 6.2% | ||
| Q2 24 | 34.0% | 5.9% | ||
| Q1 24 | -1.7% | 2.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 32.4% | 3.4% | ||
| Q2 25 | 7.5% | 4.3% | ||
| Q1 25 | 7.0% | 3.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | -48.9% | 3.8% | ||
| Q2 24 | -28.5% | 3.3% | ||
| Q1 24 | -372.8% | -0.7% |
| Q4 25 | — | $0.05 | ||
| Q3 25 | $0.44 | $0.12 | ||
| Q2 25 | $0.10 | $0.16 | ||
| Q1 25 | $0.10 | $0.12 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | $-0.61 | $0.14 | ||
| Q2 24 | $-0.36 | $0.13 | ||
| Q1 24 | $-4.67 | $-0.02 |
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 | $196.1M |
| Total DebtLower is stronger | $3.1B | $79.1M |
| Stockholders' EquityBook value | $-89.8M | $1.5B |
| Total Assets | $4.5B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $196.1M | ||
| Q3 25 | $647.6M | $197.9M | ||
| Q2 25 | $531.8M | $206.8M | ||
| Q1 25 | $629.0M | $179.3M | ||
| Q4 24 | $578.0M | $183.0M | ||
| Q3 24 | $397.5M | $165.7M | ||
| Q2 24 | $445.7M | $133.5M | ||
| Q1 24 | $333.2M | $163.2M |
| Q4 25 | $3.1B | $79.1M | ||
| Q3 25 | $3.3B | $99.1M | ||
| Q2 25 | $3.2B | $121.1M | ||
| Q1 25 | $3.4B | $121.1M | ||
| Q4 24 | $3.3B | $121.1M | ||
| Q3 24 | $3.5B | $121.1M | ||
| Q2 24 | $3.6B | $121.1M | ||
| Q1 24 | $3.5B | $40.0M |
| Q4 25 | $-89.8M | $1.5B | ||
| Q3 25 | $38.1M | $1.5B | ||
| Q2 25 | $-98.4M | $1.5B | ||
| Q1 25 | $-184.4M | $1.5B | ||
| Q4 24 | $-314.4M | $1.5B | ||
| Q3 24 | $-284.7M | $1.5B | ||
| Q2 24 | $-308.3M | $1.5B | ||
| Q1 24 | $-163.2M | $1.3B |
| Q4 25 | $4.5B | $2.3B | ||
| Q3 25 | $4.7B | $2.3B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.4B | $2.3B | ||
| Q4 24 | $4.2B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.5B | $2.3B | ||
| Q1 24 | $4.6B | $2.0B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | 85.85× | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $178.6M | $23.2M |
| FCF MarginFCF / Revenue | 70.3% | 6.1% |
| Capex IntensityCapex / Revenue | 26.9% | 8.9% |
| Cash ConversionOCF / Net Profit | — | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $57.1M | ||
| Q3 25 | $251.3M | $63.2M | ||
| Q2 25 | $237.7M | $48.4M | ||
| Q1 25 | $200.3M | $41.5M | ||
| Q4 24 | $344.4M | $97.4M | ||
| Q3 24 | $174.5M | $55.3M | ||
| Q2 24 | $134.7M | $-13.2M | ||
| Q1 24 | $75.8M | $29.9M |
| Q4 25 | $178.6M | $23.2M | ||
| Q3 25 | $189.2M | $39.0M | ||
| Q2 25 | $197.7M | $27.2M | ||
| Q1 25 | $153.2M | $8.4M | ||
| Q4 24 | $282.9M | $53.0M | ||
| Q3 24 | $122.3M | $23.3M | ||
| Q2 24 | $74.2M | $-49.5M | ||
| Q1 24 | $14.8M | $-801.0K |
| Q4 25 | 70.3% | 6.1% | ||
| Q3 25 | 41.6% | 9.5% | ||
| Q2 25 | 45.6% | 6.4% | ||
| Q1 25 | 34.8% | 2.1% | ||
| Q4 24 | 111.5% | 12.1% | ||
| Q3 24 | 29.1% | 5.5% | ||
| Q2 24 | 17.0% | -10.5% | ||
| Q1 24 | 3.5% | -0.2% |
| Q4 25 | 26.9% | 8.9% | ||
| Q3 25 | 13.6% | 5.9% | ||
| Q2 25 | 9.2% | 5.0% | ||
| Q1 25 | 10.7% | 8.5% | ||
| Q4 24 | 24.2% | 10.2% | ||
| Q3 24 | 12.4% | 7.6% | ||
| Q2 24 | 13.9% | 7.7% | ||
| Q1 24 | 14.6% | 8.0% |
| Q4 25 | — | 9.89× | ||
| Q3 25 | 1.70× | 4.52× | ||
| Q2 25 | 7.36× | 2.69× | ||
| Q1 25 | 6.52× | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | — | 3.40× | ||
| Q2 24 | — | -0.86× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
