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Core AI vs IHS: revenue, profit, margins and growth compared

Core AI brought in $55.2M of revenue in fiscal 2025, IHS $1.6B in fiscal 2025. Revenue changed by +58.4% at Core AI and +3.6% at IHS on the year before, so Core AI grew faster. Core AI kept -57.2% of its revenue as net profit, IHS 9.1%.

Side by side, latest fiscal year

CHAIIHS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$55.2M$1.6B
Revenue growth+58.4%+3.6%
Net income-$31.6M$143.6M
Net margin-57.2%9.1%
Free cash flown/a$718.7M
Free cash flow marginn/a45.4%
Earnings per share (diluted)n/a$0.42
Cash$1.9M$825.7M
Debtn/a$3.1B
Price to earningsn/an/a
Market value$5.4M$2.8B
Dividend yieldn/an/a
Rank by revenue in sector#47 of 65 · Telecommunications#19 of 65 · Telecommunications

Over the years

Revenue
CHAI FY2018: $11MCHAI FY2020: $9.8MCHAI FY2020: $6MCHAI FY2021: $7.5MCHAI FY2022: $6.5MCHAI FY2023: $8.2MCHAI FY2024: $34.9MCHAI FY2025: $55.2MIHS FY2019: $1.2BIHS FY2021: $1.4BIHS FY2021: $1.6BIHS FY2022: $2BIHS FY2023: $1.9BIHS FY2024: $1.5BIHS FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
CHAI $55.2MIHS $1.6B
Net income
CHAI FY2018: -$8.9MCHAI FY2020: $118.6KCHAI FY2020: -$13.6MCHAI FY2021: -$23.6MCHAI FY2022: -$15.3MCHAI FY2023: -$12.9MCHAI FY2024: -$372.3KCHAI FY2025: -$31.6MIHS FY2019: -$423.5MIHS FY2021: -$322MIHS FY2021: -$25.8MIHS FY2022: -$459MIHS FY2023: -$2BIHS FY2024: -$1.6BIHS FY2025: $143.6MFY18FY19FY20FY21FY22FY23FY24FY25
CHAI -$31.6MIHS $143.6M
Net margin
CHAI FY2018: -81.0%CHAI FY2020: 1.2%CHAI FY2020: -226.9%CHAI FY2021: -313.1%CHAI FY2022: -236.0%CHAI FY2023: -157.1%CHAI FY2024: -1.1%CHAI FY2025: -57.2%IHS FY2019: -34.4%IHS FY2021: -22.9%IHS FY2021: -1.6%IHS FY2022: -23.4%IHS FY2023: -102.7%IHS FY2024: -106.9%IHS FY2025: 9.1%FY18FY19FY20FY21FY22FY23FY24FY25
CHAI -57.2%IHS 9.1%
Revenue growth
CHAI FY2020: -10.6%CHAI FY2020: -39.0%CHAI FY2021: +26.0%CHAI FY2022: -14.1%CHAI FY2023: +27.0%CHAI FY2024: +323.6%CHAI FY2025: +58.4%IHS FY2021: +14.0%IHS FY2021: +12.6%IHS FY2022: +24.2%IHS FY2023: -1.8%IHS FY2024: -20.7%IHS FY2025: +3.6%FY20FY21FY22FY23FY24FY25
CHAI +58.4%IHS +3.6%
Free cash flow
CHAI FY2018: -$2.3MCHAI FY2020: -$10MCHAI FY2021: -$12.8MCHAI FY2022: -$13.9MCHAI FY2023: -$8.3MCHAI FY2024: -$71.3KIHS FY2021: $540.5MIHS FY2021: $512MIHS FY2022: $528.8MIHS FY2023: $388.6MIHS FY2024: $494.2MIHS FY2025: $718.7MFY18FY20FY21FY22FY23FY24FY25
CHAI -$71.3KIHS $718.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Core AI and IHS

Which is bigger by revenue, Core AI or IHS?

IHS is bigger by revenue: $1.6B in fiscal 2025, against $55.2M for Core AI in fiscal 2025.

Which keeps more of its revenue as profit, Core AI or IHS?

Core AI had a net margin of -57.2% in fiscal 2025; IHS had 9.1% in fiscal 2025.

Which grew revenue faster, Core AI or IHS?

In their latest fiscal years revenue changed by +58.4% at Core AI and +3.6% at IHS.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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