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IHS Holding Ltd（IHS）与Spok Holdings, Inc（SPOK）财务数据对比。点击上方公司名可切换其他公司
IHS Holding Ltd的季度营收约是Spok Holdings, Inc的7.5倍（$254.0M vs $33.9M）。IHS Holding Ltd同比增速更快（0.1% vs -0.1%）。IHS Holding Ltd自由现金流更多（$178.6M vs $10.1M）。过去两年Spok Holdings, Inc的营收复合增速更高（-1.5% vs -22.0%）
IHS Holding是全球规模领先的共享通信基础设施独立持有、运营及开发企业之一，也是全球第五大独立跨国通信铁塔企业，业务覆盖非洲与拉美地区，为当地通信网络部署提供关键的铁塔基础设施支持。
Spok Holdings, Inc.是一家主要服务医疗健康行业的关键通信解决方案提供商，主打统一临床通信平台、安全消息工具、警报系统和值班调度软件，帮助医护团队高效协作，缩短响应时长，提升医疗机构的患者安全水平。
IHS vs SPOK — 直观对比
营收规模更大
IHS
是对方的7.5倍
$33.9M
营收增速更快
IHS
高出0.2%
-0.1%
自由现金流更多
IHS
多$168.5M
$10.1M
两年增速更快
SPOK
近两年复合增速
-22.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $254.0M | $33.9M |
| 净利润 | — | $2.9M |
| 毛利率 | 83.6% | 76.7% |
| 营业利润率 | — | 11.6% |
| 净利率 | — | 8.7% |
| 营收同比 | 0.1% | -0.1% |
| 净利润同比 | — | -19.6% |
| 每股收益（稀释后） | — | $0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IHSSPOK
| Q4 25 | $254.0M | $33.9M | ||
| Q3 25 | $455.1M | $33.9M | ||
| Q2 25 | $433.3M | $35.7M | ||
| Q1 25 | $439.6M | $36.3M | ||
| Q4 24 | $253.8M | $33.9M | ||
| Q3 24 | $420.3M | $34.9M | ||
| Q2 24 | $435.4M | $34.0M | ||
| Q1 24 | $417.7M | $34.9M |
净利润IHSSPOK
| Q4 25 | — | $2.9M | ||
| Q3 25 | $147.4M | $3.2M | ||
| Q2 25 | $32.3M | $4.6M | ||
| Q1 25 | $30.7M | $5.2M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $-205.7M | $3.7M | ||
| Q2 24 | $-124.3M | $3.4M | ||
| Q1 24 | $-1.6B | $4.2M |
毛利率IHSSPOK
| Q4 25 | 83.6% | 76.7% | ||
| Q3 25 | 47.5% | 78.3% | ||
| Q2 25 | 51.3% | 79.5% | ||
| Q1 25 | 51.4% | 80.1% | ||
| Q4 24 | 72.1% | 78.5% | ||
| Q3 24 | 52.0% | 79.5% | ||
| Q2 24 | 52.5% | 78.9% | ||
| Q1 24 | 39.1% | 79.5% |
营业利润率IHSSPOK
| Q4 25 | — | 11.6% | ||
| Q3 25 | 35.1% | 12.9% | ||
| Q2 25 | 33.8% | 15.1% | ||
| Q1 25 | 37.1% | 16.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | 29.9% | 14.2% | ||
| Q2 24 | 34.0% | 13.2% | ||
| Q1 24 | -1.7% | 14.0% |
净利率IHSSPOK
| Q4 25 | — | 8.7% | ||
| Q3 25 | 32.4% | 9.5% | ||
| Q2 25 | 7.5% | 12.8% | ||
| Q1 25 | 7.0% | 14.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | -48.9% | 10.5% | ||
| Q2 24 | -28.5% | 10.1% | ||
| Q1 24 | -372.8% | 12.1% |
每股收益（稀释后）IHSSPOK
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.44 | $0.15 | ||
| Q2 25 | $0.10 | $0.22 | ||
| Q1 25 | $0.10 | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | $-0.61 | $0.18 | ||
| Q2 24 | $-0.36 | $0.17 | ||
| Q1 24 | $-4.67 | $0.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $825.7M | $25.3M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $-89.8M | $146.4M |
| 总资产 | $4.5B | $206.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IHSSPOK
| Q4 25 | $825.7M | $25.3M | ||
| Q3 25 | $647.6M | $21.4M | ||
| Q2 25 | $531.8M | $20.2M | ||
| Q1 25 | $629.0M | $19.9M | ||
| Q4 24 | $578.0M | $29.1M | ||
| Q3 24 | $397.5M | $27.8M | ||
| Q2 24 | $445.7M | $23.9M | ||
| Q1 24 | $333.2M | $23.3M |
总债务IHSSPOK
| 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 | — |
股东权益IHSSPOK
| Q4 25 | $-89.8M | $146.4M | ||
| Q3 25 | $38.1M | $148.7M | ||
| Q2 25 | $-98.4M | $150.9M | ||
| Q1 25 | $-184.4M | $151.7M | ||
| Q4 24 | $-314.4M | $154.7M | ||
| Q3 24 | $-284.7M | $156.3M | ||
| Q2 24 | $-308.3M | $158.2M | ||
| Q1 24 | $-163.2M | $160.2M |
总资产IHSSPOK
| Q4 25 | $4.5B | $206.1M | ||
| Q3 25 | $4.7B | $209.7M | ||
| Q2 25 | $4.5B | $208.7M | ||
| Q1 25 | $4.4B | $204.5M | ||
| Q4 24 | $4.2B | $217.1M | ||
| Q3 24 | $4.6B | $216.8M | ||
| Q2 24 | $4.5B | $216.4M | ||
| Q1 24 | $4.6B | $215.0M |
负债/权益比IHSSPOK
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $246.9M | $11.5M |
| 自由现金流经营现金流 - 资本支出 | $178.6M | $10.1M |
| 自由现金流率自由现金流/营收 | 70.3% | 29.9% |
| 资本支出强度资本支出/营收 | 26.9% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 3.93× |
| 过去12个月自由现金流最近4个季度 | $718.7M | $25.2M |
8季度趋势，按日历期对齐
经营现金流IHSSPOK
| Q4 25 | $246.9M | $11.5M | ||
| Q3 25 | $251.3M | $8.1M | ||
| Q2 25 | $237.7M | $7.0M | ||
| Q1 25 | $200.3M | $2.3M | ||
| Q4 24 | $344.4M | $8.4M | ||
| Q3 24 | $174.5M | $11.1M | ||
| Q2 24 | $134.7M | $7.4M | ||
| Q1 24 | $75.8M | $2.0M |
自由现金流IHSSPOK
| Q4 25 | $178.6M | $10.1M | ||
| Q3 25 | $189.2M | $7.6M | ||
| Q2 25 | $197.7M | $6.0M | ||
| Q1 25 | $153.2M | $1.5M | ||
| Q4 24 | $282.9M | $7.5M | ||
| Q3 24 | $122.3M | $10.3M | ||
| Q2 24 | $74.2M | $6.8M | ||
| Q1 24 | $14.8M | $1.1M |
自由现金流率IHSSPOK
| Q4 25 | 70.3% | 29.9% | ||
| Q3 25 | 41.6% | 22.4% | ||
| Q2 25 | 45.6% | 16.8% | ||
| Q1 25 | 34.8% | 4.2% | ||
| Q4 24 | 111.5% | 22.3% | ||
| Q3 24 | 29.1% | 29.4% | ||
| Q2 24 | 17.0% | 20.0% | ||
| Q1 24 | 3.5% | 3.2% |
资本支出强度IHSSPOK
| Q4 25 | 26.9% | 4.1% | ||
| Q3 25 | 13.6% | 1.6% | ||
| Q2 25 | 9.2% | 2.9% | ||
| Q1 25 | 10.7% | 2.1% | ||
| Q4 24 | 24.2% | 2.5% | ||
| Q3 24 | 12.4% | 2.4% | ||
| Q2 24 | 13.9% | 1.9% | ||
| Q1 24 | 14.6% | 2.5% |
现金转化率IHSSPOK
| Q4 25 | — | 3.93× | ||
| Q3 25 | 1.70× | 2.54× | ||
| Q2 25 | 7.36× | 1.55× | ||
| Q1 25 | 6.52× | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IHS
暂无分部数据
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
