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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.

WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $403.8M, roughly 1.5× International General Insurance Holdings Ltd.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 13.4%, a 12.6% 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.

AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...

IGIC vs WTS — Head-to-Head

Bigger by revenue
WTS
WTS
1.5× larger
WTS
$625.1M
$403.8M
IGIC
Higher net margin
IGIC
IGIC
12.6% more per $
IGIC
26.0%
13.4%
WTS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IGIC
IGIC
WTS
WTS
Revenue
$403.8M
$625.1M
Net Profit
$105.1M
$83.7M
Gross Margin
49.5%
Operating Margin
18.2%
Net Margin
26.0%
13.4%
Revenue YoY
15.7%
Net Profit YoY
24.0%
EPS (diluted)
$2.31
$2.50

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
WTS
WTS
Q4 25
$625.1M
Q3 25
$403.8M
$611.7M
Q2 25
$261.9M
$643.7M
Q1 25
$558.0M
Q4 24
$540.4M
Q3 24
$369.6M
$543.6M
Q2 24
$265.8M
$597.3M
Q1 24
$570.9M
Net Profit
IGIC
IGIC
WTS
WTS
Q4 25
$83.7M
Q3 25
$105.1M
$82.2M
Q2 25
$61.4M
$100.9M
Q1 25
$74.0M
Q4 24
$67.5M
Q3 24
$-134.4M
$69.1M
Q2 24
$70.7M
$82.0M
Q1 24
$72.6M
Gross Margin
IGIC
IGIC
WTS
WTS
Q4 25
49.5%
Q3 25
48.8%
Q2 25
50.6%
Q1 25
48.8%
Q4 24
46.7%
Q3 24
47.3%
Q2 24
47.7%
Q1 24
46.9%
Operating Margin
IGIC
IGIC
WTS
WTS
Q4 25
18.2%
Q3 25
18.2%
Q2 25
24.2%
21.0%
Q1 25
15.7%
Q4 24
16.5%
Q3 24
17.1%
Q2 24
-73.3%
18.7%
Q1 24
16.9%
Net Margin
IGIC
IGIC
WTS
WTS
Q4 25
13.4%
Q3 25
26.0%
13.4%
Q2 25
23.5%
15.7%
Q1 25
13.3%
Q4 24
12.5%
Q3 24
-36.4%
12.7%
Q2 24
26.6%
13.7%
Q1 24
12.7%
EPS (diluted)
IGIC
IGIC
WTS
WTS
Q4 25
$2.50
Q3 25
$2.31
$2.45
Q2 25
$1.36
$3.01
Q1 25
$2.21
Q4 24
$2.02
Q3 24
$1.82
$2.06
Q2 24
$1.55
$2.44
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$244.7M
$405.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.8M
$2.0B
Total Assets
$2.0B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
WTS
WTS
Q4 25
$405.5M
Q3 25
$244.7M
$457.7M
Q2 25
$164.8M
$369.3M
Q1 25
$336.8M
Q4 24
$386.9M
Q3 24
$219.2M
$303.9M
Q2 24
$237.3M
$279.4M
Q1 24
$237.1M
Stockholders' Equity
IGIC
IGIC
WTS
WTS
Q4 25
$2.0B
Q3 25
$654.8M
$2.0B
Q2 25
$662.3M
$1.9B
Q1 25
$1.8B
Q4 24
$1.7B
Q3 24
$540.5M
$1.7B
Q2 24
$588.2M
$1.6B
Q1 24
$1.6B
Total Assets
IGIC
IGIC
WTS
WTS
Q4 25
$2.9B
Q3 25
$2.0B
$2.7B
Q2 25
$2.1B
$2.6B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$1.8B
$2.4B
Q2 24
$2.0B
$2.4B
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
WTS
WTS
Operating Cash FlowLast quarter
$154.7M
Free Cash FlowOCF − Capex
$140.3M
FCF MarginFCF / Revenue
22.4%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
1.85×
TTM Free Cash FlowTrailing 4 quarters
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
WTS
WTS
Q4 25
$154.7M
Q3 25
$122.4M
Q2 25
$27.2M
$69.7M
Q1 25
$55.2M
Q4 24
$139.5M
Q3 24
$90.7M
Q2 24
$120.7M
$85.3M
Q1 24
$45.6M
Free Cash Flow
IGIC
IGIC
WTS
WTS
Q4 25
$140.3M
Q3 25
$110.9M
Q2 25
$26.8M
$59.5M
Q1 25
$45.6M
Q4 24
$127.5M
Q3 24
$84.3M
Q2 24
$119.8M
$78.5M
Q1 24
$35.5M
FCF Margin
IGIC
IGIC
WTS
WTS
Q4 25
22.4%
Q3 25
18.1%
Q2 25
10.2%
9.2%
Q1 25
8.2%
Q4 24
23.6%
Q3 24
15.5%
Q2 24
45.1%
13.1%
Q1 24
6.2%
Capex Intensity
IGIC
IGIC
WTS
WTS
Q4 25
2.3%
Q3 25
1.9%
Q2 25
0.2%
1.6%
Q1 25
1.7%
Q4 24
2.2%
Q3 24
1.2%
Q2 24
0.3%
1.1%
Q1 24
1.8%
Cash Conversion
IGIC
IGIC
WTS
WTS
Q4 25
1.85×
Q3 25
1.49×
Q2 25
0.44×
0.69×
Q1 25
0.75×
Q4 24
2.07×
Q3 24
1.31×
Q2 24
1.71×
1.04×
Q1 24
0.63×

Financial Flow Comparison

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

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