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Side-by-side financial comparison of GigaCloud Technology Inc (GCT) and INTERNATIONAL BANCSHARES CORP (IBOC). Click either name above to swap in a different company.

GigaCloud Technology Inc is the larger business by last-quarter revenue ($332.6M vs $217.7M, roughly 1.5× INTERNATIONAL BANCSHARES CORP). INTERNATIONAL BANCSHARES CORP runs the higher net margin — 62.3% vs 11.2%, a 51.2% gap on every dollar of revenue. On growth, GigaCloud Technology Inc posted the faster year-over-year revenue change (9.7% vs 4.5%). INTERNATIONAL BANCSHARES CORP produced more free cash flow last quarter ($472.9M vs $77.1M). Over the past eight quarters, GigaCloud Technology Inc's revenue compounded faster (36.6% CAGR vs 2.8%).

GigaCloud Technology Inc. is an American e-commerce company that helps retailers buy and sell big and bulky, non-standardized items such as furniture, appliances, and fitness equipment. They own a business-to-business online marketplace and act as a middleman by handling sales, logistics and also delivery to end customers. GigaCloud is headquartered in El Monte, California, and is listed on the Nasdaq stock exchange since August 2022.

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

GCT vs IBOC — Head-to-Head

Bigger by revenue
GCT
GCT
1.5× larger
GCT
$332.6M
$217.7M
IBOC
Growing faster (revenue YoY)
GCT
GCT
+5.1% gap
GCT
9.7%
4.5%
IBOC
Higher net margin
IBOC
IBOC
51.2% more per $
IBOC
62.3%
11.2%
GCT
More free cash flow
IBOC
IBOC
$395.9M more FCF
IBOC
$472.9M
$77.1M
GCT
Faster 2-yr revenue CAGR
GCT
GCT
Annualised
GCT
36.6%
2.8%
IBOC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCT
GCT
IBOC
IBOC
Revenue
$332.6M
$217.7M
Net Profit
$37.2M
$106.9M
Gross Margin
23.2%
Operating Margin
12.2%
62.8%
Net Margin
11.2%
62.3%
Revenue YoY
9.7%
4.5%
Net Profit YoY
-8.6%
-7.1%
EPS (diluted)
$0.99
$1.71

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
GCT
GCT
IBOC
IBOC
Q4 25
$217.7M
Q3 25
$332.6M
$218.1M
Q2 25
$322.6M
$208.2M
Q1 25
$271.9M
$198.2M
Q4 24
$295.8M
$208.3M
Q3 24
$303.3M
$211.8M
Q2 24
$310.9M
$207.8M
Q1 24
$251.1M
$205.8M
Net Profit
GCT
GCT
IBOC
IBOC
Q4 25
$106.9M
Q3 25
$37.2M
$108.4M
Q2 25
$34.6M
$100.1M
Q1 25
$27.1M
$96.9M
Q4 24
$31.0M
$115.1M
Q3 24
$40.7M
$99.8M
Q2 24
$27.0M
$97.0M
Q1 24
$27.2M
$97.3M
Gross Margin
GCT
GCT
IBOC
IBOC
Q4 25
Q3 25
23.2%
Q2 25
23.9%
Q1 25
23.4%
Q4 24
22.0%
Q3 24
25.5%
Q2 24
24.6%
Q1 24
26.5%
Operating Margin
GCT
GCT
IBOC
IBOC
Q4 25
62.8%
Q3 25
12.2%
62.6%
Q2 25
11.1%
60.5%
Q1 25
10.4%
61.1%
Q4 24
9.3%
64.2%
Q3 24
13.4%
60.0%
Q2 24
8.8%
60.1%
Q1 24
13.9%
59.9%
Net Margin
GCT
GCT
IBOC
IBOC
Q4 25
62.3%
Q3 25
11.2%
49.7%
Q2 25
10.7%
48.1%
Q1 25
10.0%
48.9%
Q4 24
10.5%
71.5%
Q3 24
13.4%
47.1%
Q2 24
8.7%
46.7%
Q1 24
10.8%
47.3%
EPS (diluted)
GCT
GCT
IBOC
IBOC
Q4 25
$1.71
Q3 25
$0.99
$1.74
Q2 25
$0.91
$1.61
Q1 25
$0.68
$1.56
Q4 24
$0.76
$1.85
Q3 24
$0.98
$1.60
Q2 24
$0.65
$1.56
Q1 24
$0.66
$1.56

Balance Sheet & Financial Strength

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

Metric
GCT
GCT
IBOC
IBOC
Cash + ST InvestmentsLiquidity on hand
$365.9M
$5.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$457.3M
$3.3B
Total Assets
$1.1B
$16.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCT
GCT
IBOC
IBOC
Q4 25
$5.5B
Q3 25
$365.9M
$5.6B
Q2 25
$303.0M
$5.8B
Q1 25
$286.8M
$5.6B
Q4 24
$302.4M
$5.4B
Q3 24
$259.8M
$5.8B
Q2 24
$207.8M
$5.7B
Q1 24
$195.3M
$5.7B
Stockholders' Equity
GCT
GCT
IBOC
IBOC
Q4 25
$3.3B
Q3 25
$457.3M
$3.1B
Q2 25
$431.4M
$3.0B
Q1 25
$412.9M
$2.9B
Q4 24
$405.2M
$2.8B
Q3 24
$400.4M
$2.7B
Q2 24
$358.4M
$2.6B
Q1 24
$317.8M
$2.5B
Total Assets
GCT
GCT
IBOC
IBOC
Q4 25
$16.6B
Q3 25
$1.1B
$16.6B
Q2 25
$1.1B
$16.5B
Q1 25
$1.1B
$16.3B
Q4 24
$1.1B
$15.7B
Q3 24
$1.1B
$15.9B
Q2 24
$1.1B
$15.5B
Q1 24
$977.6M
$15.4B

Cash Flow & Capital Efficiency

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

Metric
GCT
GCT
IBOC
IBOC
Operating Cash FlowLast quarter
$78.3M
$491.1M
Free Cash FlowOCF − Capex
$77.1M
$472.9M
FCF MarginFCF / Revenue
23.2%
217.2%
Capex IntensityCapex / Revenue
0.4%
8.3%
Cash ConversionOCF / Net Profit
2.10×
4.59×
TTM Free Cash FlowTrailing 4 quarters
$188.1M
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCT
GCT
IBOC
IBOC
Q4 25
$491.1M
Q3 25
$78.3M
$115.2M
Q2 25
$38.6M
$95.5M
Q1 25
$9.4M
$140.5M
Q4 24
$68.4M
$473.9M
Q3 24
$55.2M
$116.5M
Q2 24
$19.1M
$107.2M
Q1 24
$15.3M
$135.4M
Free Cash Flow
GCT
GCT
IBOC
IBOC
Q4 25
$472.9M
Q3 25
$77.1M
$112.2M
Q2 25
$37.0M
$91.6M
Q1 25
$7.0M
$133.1M
Q4 24
$66.9M
$459.8M
Q3 24
$51.4M
$109.6M
Q2 24
$12.9M
$104.9M
Q1 24
$11.3M
$128.9M
FCF Margin
GCT
GCT
IBOC
IBOC
Q4 25
217.2%
Q3 25
23.2%
51.5%
Q2 25
11.5%
44.0%
Q1 25
2.6%
67.1%
Q4 24
22.6%
220.8%
Q3 24
16.9%
51.7%
Q2 24
4.2%
50.5%
Q1 24
4.5%
62.6%
Capex Intensity
GCT
GCT
IBOC
IBOC
Q4 25
8.3%
Q3 25
0.4%
1.3%
Q2 25
0.5%
1.9%
Q1 25
0.9%
3.7%
Q4 24
0.5%
6.8%
Q3 24
1.3%
3.3%
Q2 24
2.0%
1.1%
Q1 24
1.6%
3.2%
Cash Conversion
GCT
GCT
IBOC
IBOC
Q4 25
4.59×
Q3 25
2.10×
1.06×
Q2 25
1.12×
0.95×
Q1 25
0.35×
1.45×
Q4 24
2.21×
4.12×
Q3 24
1.36×
1.17×
Q2 24
0.71×
1.11×
Q1 24
0.56×
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GCT
GCT

Services$108.4M33%
Transferred Over Time$89.8M27%
Product Sales To B$50.1M15%
Last Mile Delivery Service$49.2M15%
Warehousing Service$14.2M4%
Ocean Transportation Service$9.0M3%
Platform Commission$4.9M1%
Drayage Service$3.2M1%

IBOC
IBOC

Segment breakdown not available.

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