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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and PicoCELA Inc. (PCLA). 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 $252.6M, roughly 1.6× PicoCELA Inc.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs -125.2%, a 151.2% 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.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

IGIC vs PCLA — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.6× larger
IGIC
$403.8M
$252.6M
PCLA
Higher net margin
IGIC
IGIC
151.2% more per $
IGIC
26.0%
-125.2%
PCLA

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
IGIC
IGIC
PCLA
PCLA
Revenue
$403.8M
$252.6M
Net Profit
$105.1M
$-316.2M
Gross Margin
Operating Margin
-114.8%
Net Margin
26.0%
-125.2%
Revenue YoY
Net Profit YoY
EPS (diluted)
$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
IGIC
IGIC
PCLA
PCLA
Q3 25
$403.8M
Q2 25
$261.9M
Q1 25
$252.6M
Q3 24
$369.6M
Q2 24
$265.8M
Q3 23
$293.0M
Net Profit
IGIC
IGIC
PCLA
PCLA
Q3 25
$105.1M
Q2 25
$61.4M
Q1 25
$-316.2M
Q3 24
$-134.4M
Q2 24
$70.7M
Q3 23
$-103.7M
Operating Margin
IGIC
IGIC
PCLA
PCLA
Q3 25
Q2 25
24.2%
Q1 25
-114.8%
Q3 24
Q2 24
-73.3%
Q3 23
Net Margin
IGIC
IGIC
PCLA
PCLA
Q3 25
26.0%
Q2 25
23.5%
Q1 25
-125.2%
Q3 24
-36.4%
Q2 24
26.6%
Q3 23
-35.4%
EPS (diluted)
IGIC
IGIC
PCLA
PCLA
Q3 25
$2.31
Q2 25
$1.36
Q1 25
Q3 24
$1.82
Q2 24
$1.55
Q3 23

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$244.7M
$456.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.8M
$354.8M
Total Assets
$2.0B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
PCLA
PCLA
Q3 25
$244.7M
Q2 25
$164.8M
Q1 25
$456.8M
Q3 24
$219.2M
Q2 24
$237.3M
Q3 23
$122.2M
Stockholders' Equity
IGIC
IGIC
PCLA
PCLA
Q3 25
$654.8M
Q2 25
$662.3M
Q1 25
$354.8M
Q3 24
$540.5M
Q2 24
$588.2M
Q3 23
$411.0M
Total Assets
IGIC
IGIC
PCLA
PCLA
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$1.2B
Q3 24
$1.8B
Q2 24
$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
IGIC
IGIC
PCLA
PCLA
Operating Cash FlowLast quarter
$-245.6M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
PCLA
PCLA
Q3 25
Q2 25
$27.2M
Q1 25
$-245.6M
Q3 24
Q2 24
$120.7M
Q3 23
Free Cash Flow
IGIC
IGIC
PCLA
PCLA
Q3 25
Q2 25
$26.8M
Q1 25
$-256.6M
Q3 24
Q2 24
$119.8M
Q3 23
FCF Margin
IGIC
IGIC
PCLA
PCLA
Q3 25
Q2 25
10.2%
Q1 25
-101.6%
Q3 24
Q2 24
45.1%
Q3 23
Capex Intensity
IGIC
IGIC
PCLA
PCLA
Q3 25
Q2 25
0.2%
Q1 25
4.3%
Q3 24
Q2 24
0.3%
Q3 23
Cash Conversion
IGIC
IGIC
PCLA
PCLA
Q3 25
Q2 25
0.44×
Q1 25
Q3 24
Q2 24
1.71×
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

IGIC
IGIC

Segment breakdown not available.

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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