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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and SailPoint, Inc. (SAIL). 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 $281.9M, roughly 1.4× SailPoint, Inc.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs -12.8%, a 38.8% 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.

Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi designated as Maharatna CPSE. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 51,351 employees and is under the administrative control of the Ministry of Steel.

IGIC vs SAIL — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.4× larger
IGIC
$403.8M
$281.9M
SAIL
Higher net margin
IGIC
IGIC
38.8% more per $
IGIC
26.0%
-12.8%
SAIL

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
IGIC
IGIC
SAIL
SAIL
Revenue
$403.8M
$281.9M
Net Profit
$105.1M
$-36.0M
Gross Margin
66.3%
Operating Margin
-14.8%
Net Margin
26.0%
-12.8%
Revenue YoY
6.7%
Net Profit YoY
-240.9%
EPS (diluted)
$2.31
$-0.06

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
SAIL
SAIL
Q4 25
$281.9M
Q3 25
$403.8M
$264.4M
Q2 25
$261.9M
$230.5M
Q1 25
$240.1M
Q3 24
$369.6M
$198.6M
Q2 24
$265.8M
$187.7M
Q3 23
$293.0M
Net Profit
IGIC
IGIC
SAIL
SAIL
Q4 25
$-36.0M
Q3 25
$105.1M
$-10.6M
Q2 25
$61.4M
$-187.3M
Q1 25
$-80.1M
Q3 24
$-134.4M
$-87.1M
Q2 24
$70.7M
$-89.2M
Q3 23
$-103.7M
Gross Margin
IGIC
IGIC
SAIL
SAIL
Q4 25
66.3%
Q3 25
67.3%
Q2 25
55.4%
Q1 25
66.5%
Q3 24
62.1%
Q2 24
61.5%
Q3 23
Operating Margin
IGIC
IGIC
SAIL
SAIL
Q4 25
-14.8%
Q3 25
-15.4%
Q2 25
24.2%
-80.3%
Q1 25
-12.6%
Q3 24
-33.2%
Q2 24
-73.3%
-36.3%
Q3 23
Net Margin
IGIC
IGIC
SAIL
SAIL
Q4 25
-12.8%
Q3 25
26.0%
-4.0%
Q2 25
23.5%
-81.3%
Q1 25
-33.4%
Q3 24
-36.4%
-43.9%
Q2 24
26.6%
-47.5%
Q3 23
-35.4%
EPS (diluted)
IGIC
IGIC
SAIL
SAIL
Q4 25
$-0.06
Q3 25
$2.31
$-0.02
Q2 25
$1.36
$-0.42
Q1 25
$-6.50
Q3 24
$1.82
$-2.97
Q2 24
$1.55
$-0.77
Q3 23

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
SAIL
SAIL
Cash + ST InvestmentsLiquidity on hand
$244.7M
$298.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$654.8M
$6.8B
Total Assets
$2.0B
$7.5B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
SAIL
SAIL
Q4 25
$298.1M
Q3 25
$244.7M
$271.1M
Q2 25
$164.8M
$228.1M
Q1 25
$121.3M
Q3 24
$219.2M
$89.7M
Q2 24
$237.3M
$146.8M
Q3 23
$122.2M
Total Debt
IGIC
IGIC
SAIL
SAIL
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$1.0B
Q3 24
Q2 24
Q3 23
Stockholders' Equity
IGIC
IGIC
SAIL
SAIL
Q4 25
$6.8B
Q3 25
$654.8M
$6.8B
Q2 25
$662.3M
$6.8B
Q1 25
$-5.6B
Q3 24
$540.5M
$-701.3M
Q2 24
$588.2M
$-622.5M
Q3 23
$411.0M
Total Assets
IGIC
IGIC
SAIL
SAIL
Q4 25
$7.5B
Q3 25
$2.0B
$7.4B
Q2 25
$2.1B
$7.4B
Q1 25
$7.4B
Q3 24
$1.8B
Q2 24
$2.0B
Q3 23
$1.6B
Debt / Equity
IGIC
IGIC
SAIL
SAIL
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
Q3 24
Q2 24
Q3 23

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
SAIL
SAIL
Operating Cash FlowLast quarter
$53.6M
Free Cash FlowOCF − Capex
$52.5M
FCF MarginFCF / Revenue
18.6%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
SAIL
SAIL
Q4 25
$53.6M
Q3 25
$49.9M
Q2 25
$27.2M
$-96.8M
Q1 25
Q3 24
Q2 24
$120.7M
$-55.4M
Q3 23
Free Cash Flow
IGIC
IGIC
SAIL
SAIL
Q4 25
$52.5M
Q3 25
$49.0M
Q2 25
$26.8M
$-99.0M
Q1 25
Q3 24
Q2 24
$119.8M
$-56.0M
Q3 23
FCF Margin
IGIC
IGIC
SAIL
SAIL
Q4 25
18.6%
Q3 25
18.5%
Q2 25
10.2%
-43.0%
Q1 25
Q3 24
Q2 24
45.1%
-29.8%
Q3 23
Capex Intensity
IGIC
IGIC
SAIL
SAIL
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.2%
1.0%
Q1 25
Q3 24
Q2 24
0.3%
0.3%
Q3 23
Cash Conversion
IGIC
IGIC
SAIL
SAIL
Q4 25
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.

SAIL
SAIL

Software As A Service Saa S$156.0M55%
Term Subscriptions Services$65.1M23%
Maintenance$38.0M13%
Other$15.7M6%
Other Subscription Services$7.1M3%

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