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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and SUBURBAN PROPANE PARTNERS LP (SPH). 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 $370.4M, roughly 1.1× SUBURBAN PROPANE PARTNERS LP). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 12.4%, a 13.7% 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.

Suburban Propane Partners LP is a leading U.S. distributor of propane, natural gas, heating oil and related energy products, serving residential, commercial, industrial and agricultural customers across the country. It also provides HVAC system installation, maintenance and repair services, catering mainly to suburban and off-grid communities.

IGIC vs SPH — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.1× larger
IGIC
$403.8M
$370.4M
SPH
Higher net margin
IGIC
IGIC
13.7% more per $
IGIC
26.0%
12.4%
SPH

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
IGIC
IGIC
SPH
SPH
Revenue
$403.8M
$370.4M
Net Profit
$105.1M
$45.8M
Gross Margin
64.7%
Operating Margin
18.3%
Net Margin
26.0%
12.4%
Revenue YoY
-0.8%
Net Profit YoY
135.7%
EPS (diluted)
$2.31
$0.69

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
SPH
SPH
Q4 25
$370.4M
Q3 25
$403.8M
$211.4M
Q2 25
$261.9M
$260.1M
Q1 25
$587.7M
Q4 24
$373.3M
Q3 24
$369.6M
$208.6M
Q2 24
$265.8M
$254.6M
Q1 24
$498.1M
Net Profit
IGIC
IGIC
SPH
SPH
Q4 25
$45.8M
Q3 25
$105.1M
$-35.1M
Q2 25
$61.4M
$-14.8M
Q1 25
$137.1M
Q4 24
$19.4M
Q3 24
$-134.4M
$-44.6M
Q2 24
$70.7M
$-17.2M
Q1 24
$111.5M
Gross Margin
IGIC
IGIC
SPH
SPH
Q4 25
64.7%
Q3 25
64.7%
Q2 25
61.7%
Q1 25
58.8%
Q4 24
60.6%
Q3 24
59.4%
Q2 24
62.9%
Q1 24
61.8%
Operating Margin
IGIC
IGIC
SPH
SPH
Q4 25
18.3%
Q3 25
-7.9%
Q2 25
24.2%
2.1%
Q1 25
27.0%
Q4 24
15.8%
Q3 24
-10.8%
Q2 24
-73.3%
3.2%
Q1 24
27.5%
Net Margin
IGIC
IGIC
SPH
SPH
Q4 25
12.4%
Q3 25
26.0%
-16.6%
Q2 25
23.5%
-5.7%
Q1 25
23.3%
Q4 24
5.2%
Q3 24
-36.4%
-21.4%
Q2 24
26.6%
-6.8%
Q1 24
22.4%
EPS (diluted)
IGIC
IGIC
SPH
SPH
Q4 25
$0.69
Q3 25
$2.31
$-0.55
Q2 25
$1.36
$-0.23
Q1 25
$2.10
Q4 24
$0.30
Q3 24
$1.82
$-0.69
Q2 24
$1.55
$-0.27
Q1 24
$1.72

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
SPH
SPH
Cash + ST InvestmentsLiquidity on hand
$244.7M
$1.3M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$654.8M
Total Assets
$2.0B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
SPH
SPH
Q4 25
$1.3M
Q3 25
$244.7M
$405.0K
Q2 25
$164.8M
$1.3M
Q1 25
$3.9M
Q4 24
$4.4M
Q3 24
$219.2M
$3.2M
Q2 24
$237.3M
$4.9M
Q1 24
$4.4M
Total Debt
IGIC
IGIC
SPH
SPH
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
IGIC
IGIC
SPH
SPH
Q4 25
Q3 25
$654.8M
Q2 25
$662.3M
Q1 25
Q4 24
Q3 24
$540.5M
Q2 24
$588.2M
Q1 24
Total Assets
IGIC
IGIC
SPH
SPH
Q4 25
$2.4B
Q3 25
$2.0B
$2.3B
Q2 25
$2.1B
$2.3B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$1.8B
$2.3B
Q2 24
$2.0B
$2.3B
Q1 24
$2.3B

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
SPH
SPH
Operating Cash FlowLast quarter
$-47.7M
Free Cash FlowOCF − Capex
$-67.5M
FCF MarginFCF / Revenue
-18.2%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
-1.04×
TTM Free Cash FlowTrailing 4 quarters
$61.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
SPH
SPH
Q4 25
$-47.7M
Q3 25
$41.8M
Q2 25
$27.2M
$95.5M
Q1 25
$40.1M
Q4 24
$8.8M
Q3 24
$36.8M
Q2 24
$120.7M
$61.4M
Q1 24
$75.1M
Free Cash Flow
IGIC
IGIC
SPH
SPH
Q4 25
$-67.5M
Q3 25
$27.7M
Q2 25
$26.8M
$80.9M
Q1 25
$20.8M
Q4 24
$-15.1M
Q3 24
$17.7M
Q2 24
$119.8M
$46.8M
Q1 24
$60.6M
FCF Margin
IGIC
IGIC
SPH
SPH
Q4 25
-18.2%
Q3 25
13.1%
Q2 25
10.2%
31.1%
Q1 25
3.5%
Q4 24
-4.0%
Q3 24
8.5%
Q2 24
45.1%
18.4%
Q1 24
12.2%
Capex Intensity
IGIC
IGIC
SPH
SPH
Q4 25
5.3%
Q3 25
6.7%
Q2 25
0.2%
5.6%
Q1 25
3.3%
Q4 24
6.4%
Q3 24
9.1%
Q2 24
0.3%
5.8%
Q1 24
2.9%
Cash Conversion
IGIC
IGIC
SPH
SPH
Q4 25
-1.04×
Q3 25
Q2 25
0.44×
Q1 25
0.29×
Q4 24
0.45×
Q3 24
Q2 24
1.71×
Q1 24
0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IGIC
IGIC

Segment breakdown not available.

SPH
SPH

Propane$326.4M88%
Other Sales Revenue Net$19.9M5%
Fuel Oil And Refined Fuels$18.2M5%
Natural Gas And Electricity$5.9M2%
Wholesale$4.1M1%

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