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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and Tecnoglass Inc. (TGLS). 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 $245.3M, roughly 1.6× Tecnoglass Inc.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 10.6%, a 15.4% 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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

IGIC vs TGLS — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.6× larger
IGIC
$403.8M
$245.3M
TGLS
Higher net margin
IGIC
IGIC
15.4% more per $
IGIC
26.0%
10.6%
TGLS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IGIC
IGIC
TGLS
TGLS
Revenue
$403.8M
$245.3M
Net Profit
$105.1M
$26.1M
Gross Margin
40.0%
Operating Margin
18.3%
Net Margin
26.0%
10.6%
Revenue YoY
2.4%
Net Profit YoY
-44.5%
EPS (diluted)
$2.31
$0.57

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
TGLS
TGLS
Q4 25
$245.3M
Q3 25
$403.8M
$260.5M
Q2 25
$261.9M
$255.5M
Q1 25
$222.3M
Q4 24
$239.6M
Q3 24
$369.6M
$238.3M
Q2 24
$265.8M
$219.7M
Q1 24
$192.6M
Net Profit
IGIC
IGIC
TGLS
TGLS
Q4 25
$26.1M
Q3 25
$105.1M
$47.2M
Q2 25
$61.4M
$44.1M
Q1 25
$42.2M
Q4 24
$47.0M
Q3 24
$-134.4M
$49.5M
Q2 24
$70.7M
$35.0M
Q1 24
$29.7M
Gross Margin
IGIC
IGIC
TGLS
TGLS
Q4 25
40.0%
Q3 25
42.7%
Q2 25
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Q1 24
38.8%
Operating Margin
IGIC
IGIC
TGLS
TGLS
Q4 25
18.3%
Q3 25
25.1%
Q2 25
24.2%
24.0%
Q1 25
26.7%
Q4 24
28.0%
Q3 24
28.4%
Q2 24
-73.3%
23.3%
Q1 24
21.3%
Net Margin
IGIC
IGIC
TGLS
TGLS
Q4 25
10.6%
Q3 25
26.0%
18.1%
Q2 25
23.5%
17.3%
Q1 25
19.0%
Q4 24
19.6%
Q3 24
-36.4%
20.8%
Q2 24
26.6%
15.9%
Q1 24
15.4%
EPS (diluted)
IGIC
IGIC
TGLS
TGLS
Q4 25
$0.57
Q3 25
$2.31
$1.01
Q2 25
$1.36
$0.94
Q1 25
$0.90
Q4 24
$1.00
Q3 24
$1.82
$1.05
Q2 24
$1.55
$0.75
Q1 24
$0.63

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$244.7M
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$654.8M
$713.1M
Total Assets
$2.0B
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
TGLS
TGLS
Q4 25
$104.1M
Q3 25
$244.7M
$127.1M
Q2 25
$164.8M
$140.9M
Q1 25
$160.2M
Q4 24
$137.5M
Q3 24
$219.2M
$124.8M
Q2 24
$237.3M
$129.5M
Q1 24
$138.8M
Total Debt
IGIC
IGIC
TGLS
TGLS
Q4 25
$174.4M
Q3 25
$114.7M
Q2 25
$110.6M
Q1 25
$110.6M
Q4 24
$111.1M
Q3 24
$126.8M
Q2 24
$144.7M
Q1 24
$160.9M
Stockholders' Equity
IGIC
IGIC
TGLS
TGLS
Q4 25
$713.1M
Q3 25
$654.8M
$764.0M
Q2 25
$662.3M
$736.0M
Q1 25
$685.1M
Q4 24
$631.2M
Q3 24
$540.5M
$613.3M
Q2 24
$588.2M
$574.8M
Q1 24
$573.6M
Total Assets
IGIC
IGIC
TGLS
TGLS
Q4 25
$1.3B
Q3 25
$2.0B
$1.2B
Q2 25
$2.1B
$1.2B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.8B
$996.3M
Q2 24
$2.0B
$942.5M
Q1 24
$981.6M
Debt / Equity
IGIC
IGIC
TGLS
TGLS
Q4 25
0.24×
Q3 25
0.15×
Q2 25
0.15×
Q1 25
0.16×
Q4 24
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
0.28×

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
TGLS
TGLS
Operating Cash FlowLast quarter
$31.0M
Free Cash FlowOCF − Capex
$11.4M
FCF MarginFCF / Revenue
4.7%
Capex IntensityCapex / Revenue
8.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
TGLS
TGLS
Q4 25
$31.0M
Q3 25
$40.0M
Q2 25
$27.2M
$17.9M
Q1 25
$46.9M
Q4 24
$61.1M
Q3 24
$41.5M
Q2 24
$120.7M
$34.5M
Q1 24
$33.4M
Free Cash Flow
IGIC
IGIC
TGLS
TGLS
Q4 25
$11.4M
Q3 25
$21.2M
Q2 25
$26.8M
$-14.7M
Q1 25
$16.5M
Q4 24
$35.4M
Q3 24
$17.8M
Q2 24
$119.8M
$14.2M
Q1 24
$23.6M
FCF Margin
IGIC
IGIC
TGLS
TGLS
Q4 25
4.7%
Q3 25
8.2%
Q2 25
10.2%
-5.7%
Q1 25
7.4%
Q4 24
14.8%
Q3 24
7.5%
Q2 24
45.1%
6.5%
Q1 24
12.2%
Capex Intensity
IGIC
IGIC
TGLS
TGLS
Q4 25
8.0%
Q3 25
7.2%
Q2 25
0.2%
12.7%
Q1 25
13.7%
Q4 24
10.7%
Q3 24
9.9%
Q2 24
0.3%
9.2%
Q1 24
5.1%
Cash Conversion
IGIC
IGIC
TGLS
TGLS
Q4 25
1.19×
Q3 25
0.85×
Q2 25
0.44×
0.41×
Q1 25
1.11×
Q4 24
1.30×
Q3 24
0.84×
Q2 24
1.71×
0.98×
Q1 24
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IGIC
IGIC

Segment breakdown not available.

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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