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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $403.8M, roughly 1.0× International General Insurance Holdings Ltd.). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 10.3%, a 15.7% 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.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

IGIC vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.0× larger
ZWS
$407.2M
$403.8M
IGIC
Higher net margin
IGIC
IGIC
15.7% more per $
IGIC
26.0%
10.3%
ZWS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IGIC
IGIC
ZWS
ZWS
Revenue
$403.8M
$407.2M
Net Profit
$105.1M
$42.1M
Gross Margin
44.4%
Operating Margin
14.8%
Net Margin
26.0%
10.3%
Revenue YoY
9.8%
Net Profit YoY
15.7%
EPS (diluted)
$2.31
$0.24

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
ZWS
ZWS
Q4 25
$407.2M
Q3 25
$403.8M
$455.4M
Q2 25
$261.9M
$444.5M
Q1 25
$388.8M
Q4 24
$370.7M
Q3 24
$369.6M
$410.0M
Q2 24
$265.8M
$412.0M
Q1 24
$373.8M
Net Profit
IGIC
IGIC
ZWS
ZWS
Q4 25
$42.1M
Q3 25
$105.1M
$61.8M
Q2 25
$61.4M
$50.5M
Q1 25
$43.6M
Q4 24
$36.4M
Q3 24
$-134.4M
$43.5M
Q2 24
$70.7M
$46.0M
Q1 24
$34.3M
Gross Margin
IGIC
IGIC
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
IGIC
IGIC
ZWS
ZWS
Q4 25
14.8%
Q3 25
17.0%
Q2 25
24.2%
17.5%
Q1 25
16.3%
Q4 24
13.3%
Q3 24
17.1%
Q2 24
-73.3%
17.5%
Q1 24
14.2%
Net Margin
IGIC
IGIC
ZWS
ZWS
Q4 25
10.3%
Q3 25
26.0%
13.6%
Q2 25
23.5%
11.4%
Q1 25
11.2%
Q4 24
9.8%
Q3 24
-36.4%
10.6%
Q2 24
26.6%
11.2%
Q1 24
9.2%
EPS (diluted)
IGIC
IGIC
ZWS
ZWS
Q4 25
$0.24
Q3 25
$2.31
$0.36
Q2 25
$1.36
$0.29
Q1 25
$0.26
Q4 24
$0.21
Q3 24
$1.82
$0.25
Q2 24
$1.55
$0.27
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
IGIC
IGIC
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$244.7M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$654.8M
$1.6B
Total Assets
$2.0B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
ZWS
ZWS
Q4 25
$300.5M
Q3 25
$244.7M
$260.1M
Q2 25
$164.8M
$201.9M
Q1 25
$144.7M
Q4 24
$198.0M
Q3 24
$219.2M
$187.9M
Q2 24
$237.3M
$162.7M
Q1 24
$157.1M
Total Debt
IGIC
IGIC
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
IGIC
IGIC
ZWS
ZWS
Q4 25
$1.6B
Q3 25
$654.8M
$1.6B
Q2 25
$662.3M
$1.6B
Q1 25
$1.5B
Q4 24
$1.6B
Q3 24
$540.5M
$1.6B
Q2 24
$588.2M
$1.6B
Q1 24
$1.6B
Total Assets
IGIC
IGIC
ZWS
ZWS
Q4 25
$2.7B
Q3 25
$2.0B
$2.7B
Q2 25
$2.1B
$2.7B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$1.8B
$2.7B
Q2 24
$2.0B
$2.7B
Q1 24
$2.7B
Debt / Equity
IGIC
IGIC
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
ZWS
ZWS
Q4 25
$91.7M
Q3 25
$101.3M
Q2 25
$27.2M
$110.6M
Q1 25
$42.9M
Q4 24
$63.6M
Q3 24
$90.9M
Q2 24
$120.7M
$85.1M
Q1 24
$53.9M
Free Cash Flow
IGIC
IGIC
ZWS
ZWS
Q4 25
Q3 25
Q2 25
$26.8M
Q1 25
Q4 24
Q3 24
Q2 24
$119.8M
Q1 24
FCF Margin
IGIC
IGIC
ZWS
ZWS
Q4 25
Q3 25
Q2 25
10.2%
Q1 25
Q4 24
Q3 24
Q2 24
45.1%
Q1 24
Capex Intensity
IGIC
IGIC
ZWS
ZWS
Q4 25
Q3 25
Q2 25
0.2%
Q1 25
Q4 24
Q3 24
Q2 24
0.3%
Q1 24
Cash Conversion
IGIC
IGIC
ZWS
ZWS
Q4 25
2.18×
Q3 25
1.64×
Q2 25
0.44×
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
1.71×
1.85×
Q1 24
1.57×

Financial Flow Comparison

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

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