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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS). 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 $345.1M, roughly 1.2× KRATOS DEFENSE & SECURITY SOLUTIONS, INC.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 1.7%, a 24.3% 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.

Kratos Defense & Security Solutions, Inc. is an American technology company with manufacturing concentrations in weapons and military electronics. It is headquartered in San Diego, California, United States. Customers include the U.S. federal government, foreign governments, commercial enterprises and state and local government agencies. The company is divided into 6 divisions.

IGIC vs KTOS — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.2× larger
IGIC
$403.8M
$345.1M
KTOS
Higher net margin
IGIC
IGIC
24.3% more per $
IGIC
26.0%
1.7%
KTOS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IGIC
IGIC
KTOS
KTOS
Revenue
$403.8M
$345.1M
Net Profit
$105.1M
$5.9M
Gross Margin
24.2%
Operating Margin
2.4%
Net Margin
26.0%
1.7%
Revenue YoY
21.9%
Net Profit YoY
51.3%
EPS (diluted)
$2.31
$0.03

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
IGIC
IGIC
KTOS
KTOS
Q4 25
$345.1M
Q3 25
$403.8M
$347.6M
Q2 25
$261.9M
$351.5M
Q1 25
$302.6M
Q4 24
$283.1M
Q3 24
$369.6M
$275.9M
Q2 24
$265.8M
$300.1M
Q1 24
$277.2M
Net Profit
IGIC
IGIC
KTOS
KTOS
Q4 25
$5.9M
Q3 25
$105.1M
$8.7M
Q2 25
$61.4M
$2.9M
Q1 25
$4.5M
Q4 24
$3.9M
Q3 24
$-134.4M
$3.2M
Q2 24
$70.7M
$7.9M
Q1 24
$1.3M
Gross Margin
IGIC
IGIC
KTOS
KTOS
Q4 25
24.2%
Q3 25
22.2%
Q2 25
21.0%
Q1 25
24.3%
Q4 24
24.7%
Q3 24
25.1%
Q2 24
25.7%
Q1 24
25.6%
Operating Margin
IGIC
IGIC
KTOS
KTOS
Q4 25
2.4%
Q3 25
2.0%
Q2 25
24.2%
1.1%
Q1 25
2.2%
Q4 24
1.1%
Q3 24
2.4%
Q2 24
-73.3%
4.2%
Q1 24
2.5%
Net Margin
IGIC
IGIC
KTOS
KTOS
Q4 25
1.7%
Q3 25
26.0%
2.5%
Q2 25
23.5%
0.8%
Q1 25
1.5%
Q4 24
1.4%
Q3 24
-36.4%
1.2%
Q2 24
26.6%
2.6%
Q1 24
0.5%
EPS (diluted)
IGIC
IGIC
KTOS
KTOS
Q4 25
$0.03
Q3 25
$2.31
$0.05
Q2 25
$1.36
$0.02
Q1 25
$0.03
Q4 24
$0.03
Q3 24
$1.82
$0.02
Q2 24
$1.55
$0.05
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
KTOS
KTOS
Cash + ST InvestmentsLiquidity on hand
$244.7M
$560.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.8M
$2.0B
Total Assets
$2.0B
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
KTOS
KTOS
Q4 25
$560.6M
Q3 25
$244.7M
$565.9M
Q2 25
$164.8M
$783.6M
Q1 25
$263.7M
Q4 24
$329.3M
Q3 24
$219.2M
$301.5M
Q2 24
$237.3M
$308.2M
Q1 24
$338.9M
Stockholders' Equity
IGIC
IGIC
KTOS
KTOS
Q4 25
$2.0B
Q3 25
$654.8M
$2.0B
Q2 25
$662.3M
$2.0B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$540.5M
$1.3B
Q2 24
$588.2M
$1.3B
Q1 24
$1.3B
Total Assets
IGIC
IGIC
KTOS
KTOS
Q4 25
$2.5B
Q3 25
$2.0B
$2.4B
Q2 25
$2.1B
$2.6B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.8B
$1.9B
Q2 24
$2.0B
$1.9B
Q1 24
$1.9B

Cash Flow & Capital Efficiency

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

Metric
IGIC
IGIC
KTOS
KTOS
Operating Cash FlowLast quarter
$12.1M
Free Cash FlowOCF − Capex
$-12.1M
FCF MarginFCF / Revenue
-3.5%
Capex IntensityCapex / Revenue
7.0%
Cash ConversionOCF / Net Profit
2.05×
TTM Free Cash FlowTrailing 4 quarters
$-137.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
KTOS
KTOS
Q4 25
$12.1M
Q3 25
$-13.3M
Q2 25
$27.2M
$-11.7M
Q1 25
$-29.2M
Q4 24
$45.6M
Q3 24
$6.1M
Q2 24
$120.7M
$-2.7M
Q1 24
$700.0K
Free Cash Flow
IGIC
IGIC
KTOS
KTOS
Q4 25
$-12.1M
Q3 25
$-41.3M
Q2 25
$26.8M
$-32.2M
Q1 25
$-51.8M
Q4 24
$32.0M
Q3 24
$-9.2M
Q2 24
$119.8M
$-15.4M
Q1 24
$-15.9M
FCF Margin
IGIC
IGIC
KTOS
KTOS
Q4 25
-3.5%
Q3 25
-11.9%
Q2 25
10.2%
-9.2%
Q1 25
-17.1%
Q4 24
11.3%
Q3 24
-3.3%
Q2 24
45.1%
-5.1%
Q1 24
-5.7%
Capex Intensity
IGIC
IGIC
KTOS
KTOS
Q4 25
7.0%
Q3 25
8.1%
Q2 25
0.2%
5.8%
Q1 25
7.5%
Q4 24
4.8%
Q3 24
5.5%
Q2 24
0.3%
4.2%
Q1 24
6.0%
Cash Conversion
IGIC
IGIC
KTOS
KTOS
Q4 25
2.05×
Q3 25
-1.53×
Q2 25
0.44×
-4.03×
Q1 25
-6.49×
Q4 24
11.69×
Q3 24
1.91×
Q2 24
1.71×
-0.34×
Q1 24
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IGIC
IGIC

Segment breakdown not available.

KTOS
KTOS

Kratos Government Solutions$276.7M80%
Non US Government$65.0M19%
Norden Millimeter Inc$5.3M2%

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