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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $403.8M, roughly 1.3× International General Insurance Holdings Ltd.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs -9.3%, a 35.3% 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.
IGIC vs TIC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.8M | $508.3M |
| Net Profit | $105.1M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | — | -3.8% |
| Net Margin | 26.0% | -9.3% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $2.31 | — |
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.
| Q4 25 | — | $508.3M | ||
| Q3 25 | $403.8M | $473.9M | ||
| Q2 25 | $261.9M | $313.9M | ||
| Q1 25 | — | $234.2M | ||
| Q3 24 | $369.6M | — | ||
| Q2 24 | $265.8M | — | ||
| Q3 23 | $293.0M | — |
| Q4 25 | — | $-47.2M | ||
| Q3 25 | $105.1M | $-13.9M | ||
| Q2 25 | $61.4M | $-233.0K | ||
| Q1 25 | — | $-25.8M | ||
| Q3 24 | $-134.4M | — | ||
| Q2 24 | $70.7M | — | ||
| Q3 23 | $-103.7M | — |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | -3.8% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | 24.2% | 5.8% | ||
| Q1 25 | — | -4.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | -73.3% | — | ||
| Q3 23 | — | — |
| Q4 25 | — | -9.3% | ||
| Q3 25 | 26.0% | -2.9% | ||
| Q2 25 | 23.5% | -0.1% | ||
| Q1 25 | — | -11.0% | ||
| Q3 24 | -36.4% | — | ||
| Q2 24 | 26.6% | — | ||
| Q3 23 | -35.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | $2.31 | $-0.08 | ||
| Q2 25 | $1.36 | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $1.82 | — | ||
| Q2 24 | $1.55 | — | ||
| Q3 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $244.7M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $654.8M | $2.2B |
| Total Assets | $2.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $439.5M | ||
| Q3 25 | $244.7M | $164.4M | ||
| Q2 25 | $164.8M | $130.1M | ||
| Q1 25 | — | $155.7M | ||
| Q3 24 | $219.2M | — | ||
| Q2 24 | $237.3M | — | ||
| Q3 23 | $122.2M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | $2.2B | ||
| Q3 25 | $654.8M | $2.0B | ||
| Q2 25 | $662.3M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q3 24 | $540.5M | — | ||
| Q2 24 | $588.2M | — | ||
| Q3 23 | $411.0M | — |
| Q4 25 | — | $4.4B | ||
| Q3 25 | $2.0B | $4.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $2.0B | — | ||
| Q3 23 | $1.6B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $49.7M |
| Free Cash FlowOCF − Capex | — | $37.1M |
| FCF MarginFCF / Revenue | — | 7.3% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $49.7M | ||
| Q3 25 | — | $19.0M | ||
| Q2 25 | $27.2M | $-6.5M | ||
| Q1 25 | — | $32.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | $120.7M | — | ||
| Q3 23 | — | — |
| Q4 25 | — | $37.1M | ||
| Q3 25 | — | $10.3M | ||
| Q2 25 | $26.8M | $-14.5M | ||
| Q1 25 | — | $28.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | $119.8M | — | ||
| Q3 23 | — | — |
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | 10.2% | -4.6% | ||
| Q1 25 | — | 12.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | 45.1% | — | ||
| Q3 23 | — | — |
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.3% | — | ||
| Q3 23 | — | — |
| 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
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
