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

MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $403.8M, roughly 2.0× International General Insurance Holdings Ltd.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs -5.9%, a 31.9% 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.

Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...

IGIC vs MOD — Head-to-Head

Bigger by revenue
MOD
MOD
2.0× larger
MOD
$805.0M
$403.8M
IGIC
Higher net margin
IGIC
IGIC
31.9% more per $
IGIC
26.0%
-5.9%
MOD

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
IGIC
IGIC
MOD
MOD
Revenue
$403.8M
$805.0M
Net Profit
$105.1M
$-47.4M
Gross Margin
23.1%
Operating Margin
11.1%
Net Margin
26.0%
-5.9%
Revenue YoY
30.5%
Net Profit YoY
-215.6%
EPS (diluted)
$2.31
$-0.90

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
MOD
MOD
Q4 25
$805.0M
Q3 25
$403.8M
$738.9M
Q2 25
$261.9M
$682.8M
Q1 25
$647.2M
Q4 24
$616.8M
Q3 24
$369.6M
$658.0M
Q2 24
$265.8M
$661.5M
Q1 24
$603.5M
Net Profit
IGIC
IGIC
MOD
MOD
Q4 25
$-47.4M
Q3 25
$105.1M
$44.4M
Q2 25
$61.4M
$51.2M
Q1 25
$49.6M
Q4 24
$41.0M
Q3 24
$-134.4M
$46.1M
Q2 24
$70.7M
$47.3M
Q1 24
$25.8M
Gross Margin
IGIC
IGIC
MOD
MOD
Q4 25
23.1%
Q3 25
22.3%
Q2 25
24.2%
Q1 25
25.6%
Q4 24
24.3%
Q3 24
25.2%
Q2 24
24.6%
Q1 24
22.4%
Operating Margin
IGIC
IGIC
MOD
MOD
Q4 25
11.1%
Q3 25
9.9%
Q2 25
24.2%
11.1%
Q1 25
11.5%
Q4 24
9.6%
Q3 24
11.4%
Q2 24
-73.3%
11.2%
Q1 24
7.8%
Net Margin
IGIC
IGIC
MOD
MOD
Q4 25
-5.9%
Q3 25
26.0%
6.0%
Q2 25
23.5%
7.5%
Q1 25
7.7%
Q4 24
6.6%
Q3 24
-36.4%
7.0%
Q2 24
26.6%
7.2%
Q1 24
4.3%
EPS (diluted)
IGIC
IGIC
MOD
MOD
Q4 25
$-0.90
Q3 25
$2.31
$0.83
Q2 25
$1.36
$0.95
Q1 25
$0.92
Q4 24
$0.76
Q3 24
$1.82
$0.86
Q2 24
$1.55
$0.88
Q1 24
$0.48

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
MOD
MOD
Cash + ST InvestmentsLiquidity on hand
$244.7M
$98.7M
Total DebtLower is stronger
$570.7M
Stockholders' EquityBook value
$654.8M
$1.1B
Total Assets
$2.0B
$2.5B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
MOD
MOD
Q4 25
$98.7M
Q3 25
$244.7M
$83.8M
Q2 25
$164.8M
$124.5M
Q1 25
$71.6M
Q4 24
$83.8M
Q3 24
$219.2M
$78.6M
Q2 24
$237.3M
$72.9M
Q1 24
$60.1M
Total Debt
IGIC
IGIC
MOD
MOD
Q4 25
$570.7M
Q3 25
$525.8M
Q2 25
$482.1M
Q1 25
$296.7M
Q4 24
$330.0M
Q3 24
$359.1M
Q2 24
$405.7M
Q1 24
$399.9M
Stockholders' Equity
IGIC
IGIC
MOD
MOD
Q4 25
$1.1B
Q3 25
$654.8M
$1.1B
Q2 25
$662.3M
$1.0B
Q1 25
$910.2M
Q4 24
$855.1M
Q3 24
$540.5M
$858.8M
Q2 24
$588.2M
$788.4M
Q1 24
$747.6M
Total Assets
IGIC
IGIC
MOD
MOD
Q4 25
$2.5B
Q3 25
$2.0B
$2.4B
Q2 25
$2.1B
$2.2B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
$1.9B
Q2 24
$2.0B
$1.9B
Q1 24
$1.9B
Debt / Equity
IGIC
IGIC
MOD
MOD
Q4 25
0.51×
Q3 25
0.50×
Q2 25
0.48×
Q1 25
0.33×
Q4 24
0.39×
Q3 24
0.42×
Q2 24
0.51×
Q1 24
0.53×

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
MOD
MOD
Operating Cash FlowLast quarter
$24.7M
Free Cash FlowOCF − Capex
$-17.1M
FCF MarginFCF / Revenue
-2.1%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
MOD
MOD
Q4 25
$24.7M
Q3 25
$1.4M
Q2 25
$27.2M
$27.7M
Q1 25
$54.8M
Q4 24
$60.7M
Q3 24
$57.3M
Q2 24
$120.7M
$40.5M
Q1 24
$39.6M
Free Cash Flow
IGIC
IGIC
MOD
MOD
Q4 25
$-17.1M
Q3 25
$-30.5M
Q2 25
$26.8M
$200.0K
Q1 25
$27.1M
Q4 24
$44.7M
Q3 24
$43.8M
Q2 24
$119.8M
$13.7M
Q1 24
$-4.3M
FCF Margin
IGIC
IGIC
MOD
MOD
Q4 25
-2.1%
Q3 25
-4.1%
Q2 25
10.2%
0.0%
Q1 25
4.2%
Q4 24
7.2%
Q3 24
6.7%
Q2 24
45.1%
2.1%
Q1 24
-0.7%
Capex Intensity
IGIC
IGIC
MOD
MOD
Q4 25
5.2%
Q3 25
4.3%
Q2 25
0.2%
4.0%
Q1 25
4.3%
Q4 24
2.6%
Q3 24
2.1%
Q2 24
0.3%
4.1%
Q1 24
7.3%
Cash Conversion
IGIC
IGIC
MOD
MOD
Q4 25
Q3 25
0.03×
Q2 25
0.44×
0.54×
Q1 25
1.10×
Q4 24
1.48×
Q3 24
1.24×
Q2 24
1.71×
0.86×
Q1 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IGIC
IGIC

Segment breakdown not available.

MOD
MOD

Data Centers$296.9M37%
Performance Technologies$266.0M33%
Hvac Technologies$107.1M13%
Air Cooled$92.4M11%
Lb White$25.6M3%
Climate By Design$10.2M1%
Absolutaire$7.0M1%

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