AD vs IHS
Array Digital Infrastructure, Inc. and IHS Holding Ltd., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AD | IHS |
|---|---|---|
| Revenue | $163.0M | $1.6B |
| Net income | $48.8M | $143.6M |
| Gross margin | 51.2% | 55.4% |
| Net margin | 42.5% | 8.0% |
| Return on equity | 1.4% | · |
| Diluted EPS | $0.56 | $0.42 |
| Dividend / share | $23.00 | · |
| Payout ratio | · | · |
| Free cash flow | $173.6M | $718.7M |
| Equity | $2.6B | $-251.3M |
| Net debt / equity | 0.22× | · |
| Current ratio | 0.72× | 2.08× |
| Revenue CAGR 5y | · | 2.4% |
| Profit CAGR 5y | −26.6% | · |
IHS bills 9.7× the revenue of AD, and AD keeps more of each dollar of revenue as profit (42.5% against 8.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | AD | IHS |
|---|---|---|
| FY2025 | $163.0M | $1.6B |
| FY2024 | $102.9M | $1.5B |
| FY2023 | $100.5M | $1.9B |
| FY2022 | $4.2B | $2.0B |
| FY2021 | $4.1B | $1.6B |
| FY2020 | $4.0B | $1.4B |
| FY2019 | $4.0B | $1.2B |
Bottom line
| Fiscal year | AD | IHS |
|---|---|---|
| FY2025 | $48.8M | $143.6M |
| FY2024 | $-39.4M | $-1.6B |
| FY2023 | $54.5M | $-2.0B |
| FY2022 | $30.0M | $-459.0M |
| FY2021 | $155.0M | $-25.8M |
| FY2020 | $229.0M | $-322.0M |
| FY2019 | $127.0M | $-423.5M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,419,039,000 | IHS |
| FY2024 | −$1,424,267,000 | IHS |
| FY2023 | −$1,824,831,000 | IHS |
| FY2022 | +$2,207,701,000 | AD |
| FY2021 | +$2,542,270,000 | AD |
| FY2020 | +$2,633,851,000 | AD |
| FY2019 | +$2,790,944,000 | AD |
The higher-revenue side has changed between AD and IHS over this period. The gap has narrowed since the earliest year compared.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +34.4 pp | AD |
| FY2024 | +77.0 pp | AD |
| FY2023 | +160.9 pp | AD |
| FY2022 | +24.8 pp | AD |
| FY2021 | +5.5 pp | AD |
| FY2020 | +28.8 pp | AD |
| FY2019 | +37.7 pp | AD |
AD has kept the higher net margin in every one of these 7 fiscal years.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IHS's net margin has been more volatile than AD's over the 7 comparable fiscal years — 43.0 percentage points of standard deviation against 27.1.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AD led in net margin in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IHS's return on equity has been more volatile than AD's over the 5 comparable fiscal years — 118.7 percentage points of standard deviation against 1.7.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AD led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.