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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH). 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 $331.3M, roughly 1.2× SPORTSMAN'S WAREHOUSE HOLDINGS, INC.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 0.0%, a 26.0% 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.

Sportsman's Warehouse is an American outdoor sporting goods retailer which operates in 29 states across the United States. Sportsman's Warehouse sells apparel, footwear, and gear which caters to sportsmen and sportswomen with interests in hunting, shooting, reloading, camping, fishing, and other outdoor recreational activities.

IGIC vs SPWH — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.2× larger
IGIC
$403.8M
$331.3M
SPWH
Higher net margin
IGIC
IGIC
26.0% more per $
IGIC
26.0%
0.0%
SPWH

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
IGIC
IGIC
SPWH
SPWH
Revenue
$403.8M
$331.3M
Net Profit
$105.1M
$8.0K
Gross Margin
32.8%
Operating Margin
1.3%
Net Margin
26.0%
0.0%
Revenue YoY
2.2%
Net Profit YoY
-97.8%
EPS (diluted)
$2.31
$0.00

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
SPWH
SPWH
Q4 25
$331.3M
Q3 25
$403.8M
$293.9M
Q2 25
$261.9M
$249.1M
Q1 25
$340.4M
Q4 24
$324.3M
Q3 24
$369.6M
$288.7M
Q2 24
$265.8M
$244.2M
Q1 24
$370.4M
Net Profit
IGIC
IGIC
SPWH
SPWH
Q4 25
$8.0K
Q3 25
$105.1M
$-7.1M
Q2 25
$61.4M
$-21.3M
Q1 25
$-8.7M
Q4 24
$-364.0K
Q3 24
$-134.4M
$-5.9M
Q2 24
$70.7M
$-18.1M
Q1 24
$-8.7M
Gross Margin
IGIC
IGIC
SPWH
SPWH
Q4 25
32.8%
Q3 25
32.0%
Q2 25
30.4%
Q1 25
30.4%
Q4 24
31.8%
Q3 24
31.2%
Q2 24
30.2%
Q1 24
26.8%
Operating Margin
IGIC
IGIC
SPWH
SPWH
Q4 25
1.3%
Q3 25
-1.1%
Q2 25
24.2%
-7.9%
Q1 25
1.1%
Q4 24
1.0%
Q3 24
-1.5%
Q2 24
-73.3%
-8.4%
Q1 24
-2.1%
Net Margin
IGIC
IGIC
SPWH
SPWH
Q4 25
0.0%
Q3 25
26.0%
-2.4%
Q2 25
23.5%
-8.5%
Q1 25
-2.6%
Q4 24
-0.1%
Q3 24
-36.4%
-2.0%
Q2 24
26.6%
-7.4%
Q1 24
-2.4%
EPS (diluted)
IGIC
IGIC
SPWH
SPWH
Q4 25
$0.00
Q3 25
$2.31
$-0.18
Q2 25
$1.36
$-0.56
Q1 25
$-0.22
Q4 24
$-0.01
Q3 24
$1.82
$-0.16
Q2 24
$1.55
$-0.48
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
SPWH
SPWH
Cash + ST InvestmentsLiquidity on hand
$244.7M
$2.2M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$654.8M
$209.5M
Total Assets
$2.0B
$913.9M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
SPWH
SPWH
Q4 25
$2.2M
Q3 25
$244.7M
$1.8M
Q2 25
$164.8M
$3.6M
Q1 25
$2.8M
Q4 24
$2.7M
Q3 24
$219.2M
$2.6M
Q2 24
$237.3M
$2.2M
Q1 24
$3.1M
Total Debt
IGIC
IGIC
SPWH
SPWH
Q4 25
$44.0M
Q3 25
$43.9M
Q2 25
$24.1M
Q1 25
$24.1M
Q4 24
$24.0M
Q3 24
$24.0M
Q2 24
Q1 24
Stockholders' Equity
IGIC
IGIC
SPWH
SPWH
Q4 25
$209.5M
Q3 25
$654.8M
$208.9M
Q2 25
$662.3M
$215.1M
Q1 25
$235.7M
Q4 24
$243.6M
Q3 24
$540.5M
$243.0M
Q2 24
$588.2M
$247.5M
Q1 24
$264.6M
Total Assets
IGIC
IGIC
SPWH
SPWH
Q4 25
$913.9M
Q3 25
$2.0B
$948.9M
Q2 25
$2.1B
$929.7M
Q1 25
$852.1M
Q4 24
$967.7M
Q3 24
$1.8B
$901.9M
Q2 24
$2.0B
$930.4M
Q1 24
$886.2M
Debt / Equity
IGIC
IGIC
SPWH
SPWH
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.11×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.10×
Q2 24
Q1 24

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
SPWH
SPWH
Operating Cash FlowLast quarter
$16.3M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
2.6%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$-39.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
SPWH
SPWH
Q4 25
$16.3M
Q3 25
$-26.6M
Q2 25
$27.2M
$-60.2M
Q1 25
$52.8M
Q4 24
$-2.5M
Q3 24
$18.5M
Q2 24
$120.7M
$-34.6M
Q1 24
$68.9M
Free Cash Flow
IGIC
IGIC
SPWH
SPWH
Q4 25
$8.7M
Q3 25
$-33.9M
Q2 25
$26.8M
$-64.0M
Q1 25
$49.6M
Q4 24
$-6.2M
Q3 24
$14.1M
Q2 24
$119.8M
$-38.0M
Q1 24
$60.2M
FCF Margin
IGIC
IGIC
SPWH
SPWH
Q4 25
2.6%
Q3 25
-11.5%
Q2 25
10.2%
-25.7%
Q1 25
14.6%
Q4 24
-1.9%
Q3 24
4.9%
Q2 24
45.1%
-15.5%
Q1 24
16.2%
Capex Intensity
IGIC
IGIC
SPWH
SPWH
Q4 25
2.3%
Q3 25
2.5%
Q2 25
0.2%
1.5%
Q1 25
1.0%
Q4 24
1.1%
Q3 24
1.5%
Q2 24
0.3%
1.4%
Q1 24
2.4%
Cash Conversion
IGIC
IGIC
SPWH
SPWH
Q4 25
2038.00×
Q3 25
Q2 25
0.44×
Q1 25
Q4 24
Q3 24
Q2 24
1.71×
Q1 24

Financial Flow Comparison

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

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