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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) 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 $323.3M, roughly 1.2× ECARX Holdings Inc.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs -21.4%, a 47.4% gap on every dollar of revenue.

ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.

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.

ECX vs IGIC — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.2× larger
IGIC
$403.8M
$323.3M
ECX
Higher net margin
IGIC
IGIC
47.4% more per $
IGIC
26.0%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ECX
ECX
IGIC
IGIC
Revenue
$323.3M
$403.8M
Net Profit
$-69.1M
$105.1M
Gross Margin
15.5%
Operating Margin
-20.2%
Net Margin
-21.4%
26.0%
Revenue YoY
6.5%
Net Profit YoY
12.8%
EPS (diluted)
$-0.20
$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
ECX
ECX
IGIC
IGIC
Q3 25
$403.8M
Q2 25
$323.3M
$261.9M
Q3 24
$369.6M
Q2 24
$303.5M
$265.8M
Q3 23
$293.0M
Net Profit
ECX
ECX
IGIC
IGIC
Q3 25
$105.1M
Q2 25
$-69.1M
$61.4M
Q3 24
$-134.4M
Q2 24
$-79.2M
$70.7M
Q3 23
$-103.7M
Gross Margin
ECX
ECX
IGIC
IGIC
Q3 25
Q2 25
15.5%
Q3 24
Q2 24
22.6%
Q3 23
Operating Margin
ECX
ECX
IGIC
IGIC
Q3 25
Q2 25
-20.2%
24.2%
Q3 24
Q2 24
-22.2%
-73.3%
Q3 23
Net Margin
ECX
ECX
IGIC
IGIC
Q3 25
26.0%
Q2 25
-21.4%
23.5%
Q3 24
-36.4%
Q2 24
-26.1%
26.6%
Q3 23
-35.4%
EPS (diluted)
ECX
ECX
IGIC
IGIC
Q3 25
$2.31
Q2 25
$-0.20
$1.36
Q3 24
$1.82
Q2 24
$-0.23
$1.55
Q3 23

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
IGIC
IGIC
Cash + ST InvestmentsLiquidity on hand
$86.2M
$244.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$654.8M
Total Assets
$494.9M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
IGIC
IGIC
Q3 25
$244.7M
Q2 25
$86.2M
$164.8M
Q3 24
$219.2M
Q2 24
$108.4M
$237.3M
Q3 23
$122.2M
Stockholders' Equity
ECX
ECX
IGIC
IGIC
Q3 25
$654.8M
Q2 25
$-293.7M
$662.3M
Q3 24
$540.5M
Q2 24
$-198.5M
$588.2M
Q3 23
$411.0M
Total Assets
ECX
ECX
IGIC
IGIC
Q3 25
$2.0B
Q2 25
$494.9M
$2.1B
Q3 24
$1.8B
Q2 24
$555.0M
$2.0B
Q3 23
$1.6B

Cash Flow & Capital Efficiency

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

Metric
ECX
ECX
IGIC
IGIC
Operating Cash FlowLast quarter
$-82.0M
Free Cash FlowOCF − Capex
$-86.5M
FCF MarginFCF / Revenue
-26.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
IGIC
IGIC
Q3 25
Q2 25
$-82.0M
$27.2M
Q3 24
Q2 24
$-57.1M
$120.7M
Q3 23
Free Cash Flow
ECX
ECX
IGIC
IGIC
Q3 25
Q2 25
$-86.5M
$26.8M
Q3 24
Q2 24
$-64.9M
$119.8M
Q3 23
FCF Margin
ECX
ECX
IGIC
IGIC
Q3 25
Q2 25
-26.7%
10.2%
Q3 24
Q2 24
-21.4%
45.1%
Q3 23
Capex Intensity
ECX
ECX
IGIC
IGIC
Q3 25
Q2 25
1.4%
0.2%
Q3 24
Q2 24
2.6%
0.3%
Q3 23
Cash Conversion
ECX
ECX
IGIC
IGIC
Q3 25
Q2 25
0.44×
Q3 24
Q2 24
1.71×
Q3 23

Financial Flow Comparison

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

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