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Side-by-side financial comparison of BARRETT BUSINESS SERVICES INC (BBSI) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.

BARRETT BUSINESS SERVICES INC is the larger business by last-quarter revenue ($321.1M vs $151.4M, roughly 2.1× James River Group Holdings, Inc.). On growth, BARRETT BUSINESS SERVICES INC posted the faster year-over-year revenue change (5.3% vs -12.1%). Over the past eight quarters, BARRETT BUSINESS SERVICES INC's revenue compounded faster (9.9% CAGR vs -10.3%).

Barrett Firearms Manufacturing is an Australian-owned, American manufacturer of firearms and ammunition located in Christiana, Tennessee. It was founded in 1982 by Ronnie G. Barrett for the purpose of building semi-automatic rifles chambered for the .50 BMG ammunition, originally developed for and used in M2 Browning machine guns. Barrett began this work in the early 1980s, and the first working rifles were available in 1982, hence the designation M82. Barrett personally designed every part o...

James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.

BBSI vs JRVR — Head-to-Head

Bigger by revenue
BBSI
BBSI
2.1× larger
BBSI
$321.1M
$151.4M
JRVR
Growing faster (revenue YoY)
BBSI
BBSI
+17.5% gap
BBSI
5.3%
-12.1%
JRVR
Faster 2-yr revenue CAGR
BBSI
BBSI
Annualised
BBSI
9.9%
-10.3%
JRVR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BBSI
BBSI
JRVR
JRVR
Revenue
$321.1M
$151.4M
Net Profit
$16.4M
Gross Margin
21.3%
Operating Margin
5.8%
Net Margin
5.1%
Revenue YoY
5.3%
-12.1%
Net Profit YoY
-2.4%
EPS (diluted)
$0.63

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
BBSI
BBSI
JRVR
JRVR
Q1 26
$151.4M
Q4 25
$321.1M
$167.7M
Q3 25
$318.9M
$172.7M
Q2 25
$307.7M
$174.8M
Q1 25
$292.6M
$172.3M
Q4 24
$304.8M
$126.7M
Q3 24
$294.3M
$191.5M
Q2 24
$279.7M
$188.3M
Net Profit
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
$16.4M
$32.1M
Q3 25
$20.6M
$1.0M
Q2 25
$18.5M
$4.8M
Q1 25
$-1.0M
$9.6M
Q4 24
$16.8M
$-64.8M
Q3 24
$19.6M
$-39.4M
Q2 24
$16.7M
$7.6M
Gross Margin
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
21.3%
Q3 25
24.1%
Q2 25
23.8%
Q1 25
14.6%
Q4 24
23.4%
Q3 24
25.3%
Q2 24
24.3%
Operating Margin
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
5.8%
14.6%
Q3 25
7.8%
1.5%
Q2 25
7.5%
4.2%
Q1 25
-1.4%
9.3%
Q4 24
6.8%
-57.0%
Q3 24
8.0%
-27.1%
Q2 24
7.3%
10.7%
Net Margin
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
5.1%
19.1%
Q3 25
6.5%
0.6%
Q2 25
6.0%
2.7%
Q1 25
-0.3%
5.6%
Q4 24
5.5%
-51.1%
Q3 24
6.7%
-20.6%
Q2 24
6.0%
4.0%
EPS (diluted)
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
$0.63
$0.59
Q3 25
$0.79
$-0.02
Q2 25
$0.70
$0.06
Q1 25
$-0.04
$0.16
Q4 24
$0.63
$-2.44
Q3 24
$0.74
$-1.10
Q2 24
$0.62
$0.13

Balance Sheet & Financial Strength

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

Metric
BBSI
BBSI
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$157.2M
$228.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$241.0M
$518.4M
Total Assets
$779.1M
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBSI
BBSI
JRVR
JRVR
Q1 26
$228.2M
Q4 25
$157.2M
$260.9M
Q3 25
$109.8M
$238.8M
Q2 25
$90.4M
$220.0M
Q1 25
$99.1M
$279.4M
Q4 24
$121.9M
$362.3M
Q3 24
$14.4M
$359.8M
Q2 24
$40.3M
$672.5M
Stockholders' Equity
BBSI
BBSI
JRVR
JRVR
Q1 26
$518.4M
Q4 25
$241.0M
$538.2M
Q3 25
$240.1M
$503.6M
Q2 25
$225.8M
$492.6M
Q1 25
$213.4M
$484.5M
Q4 24
$221.4M
$460.9M
Q3 24
$215.4M
$530.3M
Q2 24
$199.0M
$541.8M
Total Assets
BBSI
BBSI
JRVR
JRVR
Q1 26
$4.8B
Q4 25
$779.1M
$4.9B
Q3 25
$777.9M
$5.0B
Q2 25
$713.6M
$5.0B
Q1 25
$778.6M
$4.9B
Q4 24
$745.5M
$5.0B
Q3 24
$725.8M
$5.0B
Q2 24
$688.6M
$4.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BBSI
BBSI
JRVR
JRVR
Operating Cash FlowLast quarter
$76.1M
Free Cash FlowOCF − Capex
$70.6M
FCF MarginFCF / Revenue
22.0%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
4.64×
TTM Free Cash FlowTrailing 4 quarters
$47.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
$76.1M
$-18.8M
Q3 25
$38.4M
$34.3M
Q2 25
$-53.8M
$25.2M
Q1 25
$5.2M
$-51.5M
Q4 24
$53.4M
$-247.1M
Q3 24
$-935.0K
$-269.9M
Q2 24
$-51.3M
$-8.7M
Free Cash Flow
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
$70.6M
$-23.6M
Q3 25
$34.1M
$33.7M
Q2 25
$-58.2M
$24.7M
Q1 25
$697.0K
$-52.7M
Q4 24
$50.2M
$-252.0M
Q3 24
$-4.2M
$-270.8M
Q2 24
$-56.3M
$-9.3M
FCF Margin
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
22.0%
-14.1%
Q3 25
10.7%
19.5%
Q2 25
-18.9%
14.1%
Q1 25
0.2%
-30.6%
Q4 24
16.5%
-198.9%
Q3 24
-1.4%
-141.4%
Q2 24
-20.1%
-4.9%
Capex Intensity
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
1.7%
2.9%
Q3 25
1.4%
0.4%
Q2 25
1.4%
0.3%
Q1 25
1.5%
0.7%
Q4 24
1.0%
3.9%
Q3 24
1.1%
0.4%
Q2 24
1.8%
0.3%
Cash Conversion
BBSI
BBSI
JRVR
JRVR
Q1 26
Q4 25
4.64×
-0.59×
Q3 25
1.86×
33.61×
Q2 25
-2.92×
5.29×
Q1 25
-5.38×
Q4 24
3.18×
Q3 24
-0.05×
Q2 24
-3.07×
-1.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BBSI
BBSI

Professional Employer Services$303.6M95%
Staffing Services$17.6M5%

JRVR
JRVR

Segment breakdown not available.

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