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

ESAB Corp is the larger business by last-quarter revenue ($745.6M vs $403.8M, roughly 1.8× International General Insurance Holdings Ltd.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 6.6%, a 19.4% gap on every dollar of revenue.

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

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.

ESAB vs IGIC — Head-to-Head

Bigger by revenue
ESAB
ESAB
1.8× larger
ESAB
$745.6M
$403.8M
IGIC
Higher net margin
IGIC
IGIC
19.4% more per $
IGIC
26.0%
6.6%
ESAB

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ESAB
ESAB
IGIC
IGIC
Revenue
$745.6M
$403.8M
Net Profit
$49.2M
$105.1M
Gross Margin
36.9%
Operating Margin
12.1%
Net Margin
6.6%
26.0%
Revenue YoY
9.9%
Net Profit YoY
-29.3%
EPS (diluted)
$0.78
$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
ESAB
ESAB
IGIC
IGIC
Q1 26
$745.6M
Q4 25
$727.8M
Q3 25
$715.6M
$403.8M
Q2 25
$678.1M
$261.9M
Q4 24
$670.8M
Q3 24
$673.3M
$369.6M
Q2 24
$707.1M
$265.8M
Q1 24
$689.7M
Net Profit
ESAB
ESAB
IGIC
IGIC
Q1 26
$49.2M
Q4 25
$54.8M
Q3 25
$66.9M
$105.1M
Q2 25
$67.4M
$61.4M
Q4 24
$53.7M
Q3 24
$68.2M
$-134.4M
Q2 24
$82.9M
$70.7M
Q1 24
$60.0M
Gross Margin
ESAB
ESAB
IGIC
IGIC
Q1 26
36.9%
Q4 25
37.0%
Q3 25
37.2%
Q2 25
37.6%
Q4 24
38.5%
Q3 24
37.7%
Q2 24
38.2%
Q1 24
37.0%
Operating Margin
ESAB
ESAB
IGIC
IGIC
Q1 26
12.1%
Q4 25
14.6%
Q3 25
15.2%
Q2 25
16.2%
24.2%
Q4 24
16.6%
Q3 24
15.7%
Q2 24
16.9%
-73.3%
Q1 24
16.0%
Net Margin
ESAB
ESAB
IGIC
IGIC
Q1 26
6.6%
Q4 25
7.5%
Q3 25
9.3%
26.0%
Q2 25
9.9%
23.5%
Q4 24
8.0%
Q3 24
10.1%
-36.4%
Q2 24
11.7%
26.6%
Q1 24
8.7%
EPS (diluted)
ESAB
ESAB
IGIC
IGIC
Q1 26
$0.78
Q4 25
$0.90
Q3 25
$1.09
$2.31
Q2 25
$1.10
$1.36
Q4 24
$0.87
Q3 24
$1.11
$1.82
Q2 24
$1.35
$1.55
Q1 24
$0.98

Balance Sheet & Financial Strength

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

Metric
ESAB
ESAB
IGIC
IGIC
Cash + ST InvestmentsLiquidity on hand
$1.0B
$244.7M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$2.2B
$654.8M
Total Assets
$5.6B
$2.0B
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
IGIC
IGIC
Q1 26
$1.0B
Q4 25
$218.2M
Q3 25
$258.2M
$244.7M
Q2 25
$291.3M
$164.8M
Q4 24
$249.4M
Q3 24
$253.7M
$219.2M
Q2 24
$228.5M
$237.3M
Q1 24
$76.5M
Total Debt
ESAB
ESAB
IGIC
IGIC
Q1 26
$2.0B
Q4 25
$1.3B
Q3 25
$1.1B
Q2 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$992.8M
Stockholders' Equity
ESAB
ESAB
IGIC
IGIC
Q1 26
$2.2B
Q4 25
$2.1B
Q3 25
$2.1B
$654.8M
Q2 25
$1.9B
$662.3M
Q4 24
$1.8B
Q3 24
$1.8B
$540.5M
Q2 24
$1.7B
$588.2M
Q1 24
$1.6B
Total Assets
ESAB
ESAB
IGIC
IGIC
Q1 26
$5.6B
Q4 25
$4.9B
Q3 25
$4.4B
$2.0B
Q2 25
$4.2B
$2.1B
Q4 24
$4.0B
Q3 24
$4.1B
$1.8B
Q2 24
$4.0B
$2.0B
Q1 24
$3.8B
Debt / Equity
ESAB
ESAB
IGIC
IGIC
Q1 26
0.91×
Q4 25
0.63×
Q3 25
0.51×
Q2 25
0.55×
Q4 24
0.60×
Q3 24
0.59×
Q2 24
0.63×
Q1 24
0.61×

Cash Flow & Capital Efficiency

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

Metric
ESAB
ESAB
IGIC
IGIC
Operating Cash FlowLast quarter
$46.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
IGIC
IGIC
Q1 26
$46.9M
Q4 25
$81.5M
Q3 25
$46.6M
Q2 25
$35.4M
$27.2M
Q4 24
$126.9M
Q3 24
$101.0M
Q2 24
$83.0M
$120.7M
Q1 24
$44.5M
Free Cash Flow
ESAB
ESAB
IGIC
IGIC
Q1 26
Q4 25
$70.3M
Q3 25
$37.4M
Q2 25
$28.1M
$26.8M
Q4 24
$102.2M
Q3 24
$90.4M
Q2 24
$74.0M
$119.8M
Q1 24
$37.1M
FCF Margin
ESAB
ESAB
IGIC
IGIC
Q1 26
Q4 25
9.7%
Q3 25
5.2%
Q2 25
4.1%
10.2%
Q4 24
15.2%
Q3 24
13.4%
Q2 24
10.5%
45.1%
Q1 24
5.4%
Capex Intensity
ESAB
ESAB
IGIC
IGIC
Q1 26
Q4 25
1.5%
Q3 25
1.3%
Q2 25
1.1%
0.2%
Q4 24
3.7%
Q3 24
1.6%
Q2 24
1.3%
0.3%
Q1 24
1.1%
Cash Conversion
ESAB
ESAB
IGIC
IGIC
Q1 26
0.95×
Q4 25
1.49×
Q3 25
0.70×
Q2 25
0.53×
0.44×
Q4 24
2.36×
Q3 24
1.48×
Q2 24
1.00×
1.71×
Q1 24
0.74×

Financial Flow Comparison

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

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