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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and WEX Inc. (WEX). Click either name above to swap in a different company.

WEX Inc. is the larger business by last-quarter revenue ($652.7M vs $403.8M, roughly 1.6× International General Insurance Holdings Ltd.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 10.1%, a 15.9% 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.

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

IGIC vs WEX — Head-to-Head

Bigger by revenue
WEX
WEX
1.6× larger
WEX
$652.7M
$403.8M
IGIC
Higher net margin
IGIC
IGIC
15.9% more per $
IGIC
26.0%
10.1%
WEX

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
IGIC
IGIC
WEX
WEX
Revenue
$403.8M
$652.7M
Net Profit
$105.1M
$65.8M
Gross Margin
Operating Margin
25.2%
Net Margin
26.0%
10.1%
Revenue YoY
-3.1%
Net Profit YoY
-15.3%
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.

Revenue
IGIC
IGIC
WEX
WEX
Q1 26
$652.7M
Q4 25
$465.1M
Q3 25
$403.8M
$481.6M
Q2 25
$261.9M
$454.4M
Q1 25
$444.3M
Q4 24
$440.3M
Q3 24
$369.6M
$479.0M
Q2 24
$265.8M
$478.6M
Net Profit
IGIC
IGIC
WEX
WEX
Q1 26
$65.8M
Q4 25
$84.2M
Q3 25
$105.1M
$80.3M
Q2 25
$61.4M
$68.1M
Q1 25
$71.5M
Q4 24
$63.9M
Q3 24
$-134.4M
$102.9M
Q2 24
$70.7M
$77.0M
Gross Margin
IGIC
IGIC
WEX
WEX
Q1 26
Q4 25
39.0%
Q3 25
43.0%
Q2 25
40.0%
Q1 25
39.2%
Q4 24
41.5%
Q3 24
48.0%
Q2 24
44.9%
Operating Margin
IGIC
IGIC
WEX
WEX
Q1 26
25.2%
Q4 25
35.7%
Q3 25
38.1%
Q2 25
24.2%
34.5%
Q1 25
35.4%
Q4 24
35.7%
Q3 24
41.0%
Q2 24
-73.3%
35.1%
Net Margin
IGIC
IGIC
WEX
WEX
Q1 26
10.1%
Q4 25
18.1%
Q3 25
26.0%
16.7%
Q2 25
23.5%
15.0%
Q1 25
16.1%
Q4 24
14.5%
Q3 24
-36.4%
21.5%
Q2 24
26.6%
16.1%
EPS (diluted)
IGIC
IGIC
WEX
WEX
Q1 26
Q4 25
$2.38
Q3 25
$2.31
$2.30
Q2 25
$1.36
$1.98
Q1 25
$1.81
Q4 24
$1.60
Q3 24
$1.82
$2.52
Q2 24
$1.55
$1.83

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
WEX
WEX
Cash + ST InvestmentsLiquidity on hand
$244.7M
$780.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.8M
Total Assets
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
WEX
WEX
Q1 26
$780.0M
Q4 25
$5.2B
Q3 25
$244.7M
$4.9B
Q2 25
$164.8M
$4.9B
Q1 25
$4.4B
Q4 24
$4.4B
Q3 24
$219.2M
$4.3B
Q2 24
$237.3M
$4.0B
Stockholders' Equity
IGIC
IGIC
WEX
WEX
Q1 26
Q4 25
$1.2B
Q3 25
$654.8M
$1.1B
Q2 25
$662.3M
$978.7M
Q1 25
$810.4M
Q4 24
$1.5B
Q3 24
$540.5M
$1.7B
Q2 24
$588.2M
$1.8B
Total Assets
IGIC
IGIC
WEX
WEX
Q1 26
Q4 25
$14.4B
Q3 25
$2.0B
$14.4B
Q2 25
$2.1B
$14.7B
Q1 25
$14.0B
Q4 24
$13.3B
Q3 24
$1.8B
$14.0B
Q2 24
$2.0B
$14.2B

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
WEX
WEX
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-9.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$818.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
WEX
WEX
Q1 26
Q4 25
$294.7M
Q3 25
$376.6M
Q2 25
$27.2M
$264.6M
Q1 25
$-481.6M
Q4 24
$638.4M
Q3 24
$3.3M
Q2 24
$120.7M
$-7.0M
Free Cash Flow
IGIC
IGIC
WEX
WEX
Q1 26
$-9.2M
Q4 25
$256.3M
Q3 25
$341.6M
Q2 25
$26.8M
$230.0M
Q1 25
$-514.2M
Q4 24
$599.7M
Q3 24
$-31.7M
Q2 24
$119.8M
$-46.6M
FCF Margin
IGIC
IGIC
WEX
WEX
Q1 26
-1.4%
Q4 25
55.1%
Q3 25
70.9%
Q2 25
10.2%
50.6%
Q1 25
-115.7%
Q4 24
136.2%
Q3 24
-6.6%
Q2 24
45.1%
-9.7%
Capex Intensity
IGIC
IGIC
WEX
WEX
Q1 26
5.2%
Q4 25
8.3%
Q3 25
7.3%
Q2 25
0.2%
7.6%
Q1 25
7.3%
Q4 24
8.8%
Q3 24
7.3%
Q2 24
0.3%
8.3%
Cash Conversion
IGIC
IGIC
WEX
WEX
Q1 26
Q4 25
3.50×
Q3 25
4.69×
Q2 25
0.44×
3.89×
Q1 25
-6.74×
Q4 24
9.99×
Q3 24
0.03×
Q2 24
1.71×
-0.09×

Financial Flow Comparison

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

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