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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and International General Insurance Holdings Ltd. (IGIC). Click either name above to swap in a different company.

International General Insurance Holdings Ltd. is the larger business by last-quarter revenue ($403.8M vs $233.0M, roughly 1.7× CSW INDUSTRIALS, INC.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 4.4%, a 21.6% gap on every dollar of revenue.

China Taiping Insurance Holdings Company Limited (CTIH) formerly China Insurance International Holdings Company Limited (CIIH), is a Chinese insurance conglomerate. The company has strong Chinese Central Government background despite being incorporated in Hong Kong. It is considered as a red chip company.

CSW vs IGIC — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.7× larger
IGIC
$403.8M
$233.0M
CSW
Higher net margin
IGIC
IGIC
21.6% more per $
IGIC
26.0%
4.4%
CSW

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
CSW
CSW
IGIC
IGIC
Revenue
$233.0M
$403.8M
Net Profit
$10.3M
$105.1M
Gross Margin
39.7%
Operating Margin
7.4%
Net Margin
4.4%
26.0%
Revenue YoY
20.3%
Net Profit YoY
-61.9%
EPS (diluted)
$0.62
$2.31

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.

Revenue
CSW
CSW
IGIC
IGIC
Q4 25
$233.0M
Q3 25
$277.0M
$403.8M
Q2 25
$263.6M
$261.9M
Q1 25
$230.5M
Q4 24
$193.6M
Q3 24
$227.9M
$369.6M
Q2 24
$226.2M
$265.8M
Q1 24
$210.9M
Net Profit
CSW
CSW
IGIC
IGIC
Q4 25
$10.3M
Q3 25
$40.7M
$105.1M
Q2 25
$40.9M
$61.4M
Q1 25
$35.1M
Q4 24
$26.9M
Q3 24
$36.1M
$-134.4M
Q2 24
$38.6M
$70.7M
Q1 24
$31.8M
Gross Margin
CSW
CSW
IGIC
IGIC
Q4 25
39.7%
Q3 25
43.0%
Q2 25
43.8%
Q1 25
44.2%
Q4 24
41.4%
Q3 24
45.6%
Q2 24
47.5%
Q1 24
44.4%
Operating Margin
CSW
CSW
IGIC
IGIC
Q4 25
7.4%
Q3 25
20.5%
Q2 25
20.8%
24.2%
Q1 25
19.5%
Q4 24
15.3%
Q3 24
22.6%
Q2 24
24.3%
-73.3%
Q1 24
21.0%
Net Margin
CSW
CSW
IGIC
IGIC
Q4 25
4.4%
Q3 25
14.7%
26.0%
Q2 25
15.5%
23.5%
Q1 25
15.2%
Q4 24
13.9%
Q3 24
15.8%
-36.4%
Q2 24
17.1%
26.6%
Q1 24
15.1%
EPS (diluted)
CSW
CSW
IGIC
IGIC
Q4 25
$0.62
Q3 25
$2.41
$2.31
Q2 25
$2.43
$1.36
Q1 25
$2.05
Q4 24
$1.60
Q3 24
$2.26
$1.82
Q2 24
$2.47
$1.55
Q1 24
$2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSW
CSW
IGIC
IGIC
Cash + ST InvestmentsLiquidity on hand
$40.2M
$244.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$654.8M
Total Assets
$2.3B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
IGIC
IGIC
Q4 25
$40.2M
Q3 25
$31.5M
$244.7M
Q2 25
$38.0M
$164.8M
Q1 25
$225.8M
Q4 24
$213.8M
Q3 24
$273.2M
$219.2M
Q2 24
$18.9M
$237.3M
Q1 24
$22.2M
Total Debt
CSW
CSW
IGIC
IGIC
Q4 25
Q3 25
Q2 25
Q1 25
$800.1M
Q4 24
Q3 24
Q2 24
Q1 24
$166.0M
Stockholders' Equity
CSW
CSW
IGIC
IGIC
Q4 25
$1.1B
Q3 25
$1.1B
$654.8M
Q2 25
$1.1B
$662.3M
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.0B
$540.5M
Q2 24
$650.2M
$588.2M
Q1 24
$615.7M
Total Assets
CSW
CSW
IGIC
IGIC
Q4 25
$2.3B
Q3 25
$1.5B
$2.0B
Q2 25
$1.5B
$2.1B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
$1.8B
Q2 24
$1.1B
$2.0B
Q1 24
$1.0B
Debt / Equity
CSW
CSW
IGIC
IGIC
Q4 25
Q3 25
Q2 25
Q1 25
0.75×
Q4 24
Q3 24
Q2 24
Q1 24
0.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSW
CSW
IGIC
IGIC
Operating Cash FlowLast quarter
$28.9M
Free Cash FlowOCF − Capex
$22.7M
FCF MarginFCF / Revenue
9.8%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$162.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
IGIC
IGIC
Q4 25
$28.9M
Q3 25
$61.8M
Q2 25
$60.6M
$27.2M
Q1 25
$27.3M
Q4 24
$11.6M
Q3 24
$66.8M
Q2 24
$62.7M
$120.7M
Q1 24
$22.4M
Free Cash Flow
CSW
CSW
IGIC
IGIC
Q4 25
$22.7M
Q3 25
$58.7M
Q2 25
$57.7M
$26.8M
Q1 25
$22.8M
Q4 24
$8.5M
Q3 24
$61.3M
Q2 24
$59.6M
$119.8M
Q1 24
$17.5M
FCF Margin
CSW
CSW
IGIC
IGIC
Q4 25
9.8%
Q3 25
21.2%
Q2 25
21.9%
10.2%
Q1 25
9.9%
Q4 24
4.4%
Q3 24
26.9%
Q2 24
26.3%
45.1%
Q1 24
8.3%
Capex Intensity
CSW
CSW
IGIC
IGIC
Q4 25
2.6%
Q3 25
1.1%
Q2 25
1.1%
0.2%
Q1 25
2.0%
Q4 24
1.6%
Q3 24
2.4%
Q2 24
1.4%
0.3%
Q1 24
2.3%
Cash Conversion
CSW
CSW
IGIC
IGIC
Q4 25
2.81×
Q3 25
1.52×
Q2 25
1.48×
0.44×
Q1 25
0.78×
Q4 24
0.43×
Q3 24
1.85×
Q2 24
1.62×
1.71×
Q1 24
0.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSW
CSW

Contractor Solutions Segment$166.3M71%
Specialized Reliability Solutions Segment$38.2M16%
Engineered Building Solutions Segment$28.5M12%

IGIC
IGIC

Segment breakdown not available.

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