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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and SEMTECH CORP (SMTC). 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 $267.0M, roughly 1.5× SEMTECH CORP). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs -1.1%, a 27.1% 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.

Semtech Corporation is an American supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.

IGIC vs SMTC — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.5× larger
IGIC
$403.8M
$267.0M
SMTC
Higher net margin
IGIC
IGIC
27.1% more per $
IGIC
26.0%
-1.1%
SMTC

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
IGIC
IGIC
SMTC
SMTC
Revenue
$403.8M
$267.0M
Net Profit
$105.1M
$-2.9M
Gross Margin
51.9%
Operating Margin
11.6%
Net Margin
26.0%
-1.1%
Revenue YoY
12.7%
Net Profit YoY
62.3%
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
SMTC
SMTC
Q4 25
$267.0M
Q3 25
$403.8M
$257.6M
Q2 25
$261.9M
$251.1M
Q1 25
$251.0M
Q4 24
$236.8M
Q3 24
$369.6M
$215.4M
Q2 24
$265.8M
$206.1M
Q1 24
$192.9M
Net Profit
IGIC
IGIC
SMTC
SMTC
Q4 25
$-2.9M
Q3 25
$105.1M
$-27.1M
Q2 25
$61.4M
$19.3M
Q1 25
$39.1M
Q4 24
$-7.6M
Q3 24
$-134.4M
$-170.3M
Q2 24
$70.7M
$-23.2M
Q1 24
$-642.4M
Gross Margin
IGIC
IGIC
SMTC
SMTC
Q4 25
51.9%
Q3 25
52.1%
Q2 25
52.3%
Q1 25
52.0%
Q4 24
51.1%
Q3 24
49.0%
Q2 24
48.3%
Q1 24
-0.2%
Operating Margin
IGIC
IGIC
SMTC
SMTC
Q4 25
11.6%
Q3 25
-6.3%
Q2 25
24.2%
14.3%
Q1 25
8.5%
Q4 24
7.5%
Q3 24
3.6%
Q2 24
-73.3%
1.5%
Q1 24
-321.3%
Net Margin
IGIC
IGIC
SMTC
SMTC
Q4 25
-1.1%
Q3 25
26.0%
-10.5%
Q2 25
23.5%
7.7%
Q1 25
15.6%
Q4 24
-3.2%
Q3 24
-36.4%
-79.1%
Q2 24
26.6%
-11.2%
Q1 24
-332.9%
EPS (diluted)
IGIC
IGIC
SMTC
SMTC
Q4 25
$-0.03
Q3 25
$2.31
$-0.31
Q2 25
$1.36
$0.22
Q1 25
$0.81
Q4 24
$-0.10
Q3 24
$1.82
$-2.61
Q2 24
$1.55
$-0.36
Q1 24
$-10.00

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
SMTC
SMTC
Cash + ST InvestmentsLiquidity on hand
$244.7M
$164.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.8M
$565.7M
Total Assets
$2.0B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
SMTC
SMTC
Q4 25
$164.7M
Q3 25
$244.7M
$168.6M
Q2 25
$164.8M
$156.5M
Q1 25
$151.7M
Q4 24
$136.5M
Q3 24
$219.2M
$115.9M
Q2 24
$237.3M
$126.8M
Q1 24
$128.6M
Stockholders' Equity
IGIC
IGIC
SMTC
SMTC
Q4 25
$565.7M
Q3 25
$654.8M
$552.9M
Q2 25
$662.3M
$568.8M
Q1 25
$542.4M
Q4 24
$-139.7M
Q3 24
$540.5M
$-141.4M
Q2 24
$588.2M
$-313.1M
Q1 24
$-307.4M
Total Assets
IGIC
IGIC
SMTC
SMTC
Q4 25
$1.4B
Q3 25
$2.0B
$1.4B
Q2 25
$2.1B
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.8B
$1.4B
Q2 24
$2.0B
$1.4B
Q1 24
$1.4B

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
SMTC
SMTC
Operating Cash FlowLast quarter
$47.5M
Free Cash FlowOCF − Capex
$44.6M
FCF MarginFCF / Revenue
16.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$143.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
SMTC
SMTC
Q4 25
$47.5M
Q3 25
$44.4M
Q2 25
$27.2M
$27.8M
Q1 25
$33.5M
Q4 24
$29.6M
Q3 24
$-5.0M
Q2 24
$120.7M
$-89.0K
Q1 24
$13.9M
Free Cash Flow
IGIC
IGIC
SMTC
SMTC
Q4 25
$44.6M
Q3 25
$41.5M
Q2 25
$26.8M
$26.2M
Q1 25
$30.9M
Q4 24
$29.1M
Q3 24
$-8.4M
Q2 24
$119.8M
$-1.4M
Q1 24
$12.2M
FCF Margin
IGIC
IGIC
SMTC
SMTC
Q4 25
16.7%
Q3 25
16.1%
Q2 25
10.2%
10.4%
Q1 25
12.3%
Q4 24
12.3%
Q3 24
-3.9%
Q2 24
45.1%
-0.7%
Q1 24
6.3%
Capex Intensity
IGIC
IGIC
SMTC
SMTC
Q4 25
1.1%
Q3 25
1.1%
Q2 25
0.2%
0.7%
Q1 25
1.0%
Q4 24
0.2%
Q3 24
1.6%
Q2 24
0.3%
0.6%
Q1 24
0.9%
Cash Conversion
IGIC
IGIC
SMTC
SMTC
Q4 25
Q3 25
Q2 25
0.44×
1.44×
Q1 25
0.86×
Q4 24
Q3 24
Q2 24
1.71×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IGIC
IGIC

Segment breakdown not available.

SMTC
SMTC

Products$239.5M90%
Services$27.4M10%

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