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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.

Climb Global Solutions, Inc. is the larger business by last-quarter revenue ($182.4M vs $167.7M, roughly 1.1× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 1.8%, a 17.3% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 32.1%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs -8.7%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

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

CLMB vs JRVR — Head-to-Head

Bigger by revenue
CLMB
CLMB
1.1× larger
CLMB
$182.4M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+0.3% gap
JRVR
32.4%
32.1%
CLMB
Higher net margin
JRVR
JRVR
17.3% more per $
JRVR
19.1%
1.8%
CLMB
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
-8.7%
JRVR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
JRVR
JRVR
Revenue
$182.4M
$167.7M
Net Profit
$3.3M
$32.1M
Gross Margin
14.5%
Operating Margin
2.1%
14.6%
Net Margin
1.8%
19.1%
Revenue YoY
32.1%
32.4%
Net Profit YoY
-9.5%
149.5%
EPS (diluted)
$0.18
$0.59

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
CLMB
CLMB
JRVR
JRVR
Q1 26
$182.4M
Q4 25
$193.8M
$167.7M
Q3 25
$161.3M
$172.7M
Q2 25
$159.3M
$174.8M
Q1 25
$138.0M
$172.3M
Q4 24
$161.8M
$126.7M
Q3 24
$119.3M
$191.5M
Q2 24
$92.1M
$188.3M
Net Profit
CLMB
CLMB
JRVR
JRVR
Q1 26
$3.3M
Q4 25
$7.0M
$32.1M
Q3 25
$4.7M
$1.0M
Q2 25
$6.0M
$4.8M
Q1 25
$3.7M
$9.6M
Q4 24
$7.0M
$-64.8M
Q3 24
$5.5M
$-39.4M
Q2 24
$3.4M
$7.6M
Gross Margin
CLMB
CLMB
JRVR
JRVR
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
Q2 25
16.5%
Q1 25
16.9%
Q4 24
19.3%
Q3 24
20.3%
Q2 24
20.2%
Operating Margin
CLMB
CLMB
JRVR
JRVR
Q1 26
2.1%
Q4 25
4.9%
14.6%
Q3 25
4.3%
1.5%
Q2 25
5.0%
4.2%
Q1 25
3.5%
9.3%
Q4 24
7.2%
-57.0%
Q3 24
7.1%
-27.1%
Q2 24
4.6%
10.7%
Net Margin
CLMB
CLMB
JRVR
JRVR
Q1 26
1.8%
Q4 25
3.6%
19.1%
Q3 25
2.9%
0.6%
Q2 25
3.7%
2.7%
Q1 25
2.7%
5.6%
Q4 24
4.3%
-51.1%
Q3 24
4.6%
-20.6%
Q2 24
3.7%
4.0%
EPS (diluted)
CLMB
CLMB
JRVR
JRVR
Q1 26
$0.18
Q4 25
$1.51
$0.59
Q3 25
$1.02
$-0.02
Q2 25
$1.30
$0.06
Q1 25
$0.81
$0.16
Q4 24
$1.52
$-2.44
Q3 24
$1.19
$-1.10
Q2 24
$0.75
$0.13

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$41.8M
$260.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$118.4M
$538.2M
Total Assets
$458.8M
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
JRVR
JRVR
Q1 26
$41.8M
Q4 25
$36.6M
$260.9M
Q3 25
$49.8M
$238.8M
Q2 25
$28.6M
$220.0M
Q1 25
$32.5M
$279.4M
Q4 24
$29.8M
$362.3M
Q3 24
$22.1M
$359.8M
Q2 24
$48.4M
$672.5M
Stockholders' Equity
CLMB
CLMB
JRVR
JRVR
Q1 26
$118.4M
Q4 25
$116.6M
$538.2M
Q3 25
$109.3M
$503.6M
Q2 25
$105.2M
$492.6M
Q1 25
$95.6M
$484.5M
Q4 24
$90.6M
$460.9M
Q3 24
$87.7M
$530.3M
Q2 24
$79.8M
$541.8M
Total Assets
CLMB
CLMB
JRVR
JRVR
Q1 26
$458.8M
Q4 25
$460.2M
$4.9B
Q3 25
$376.1M
$5.0B
Q2 25
$420.7M
$5.0B
Q1 25
$370.1M
$4.9B
Q4 24
$469.2M
$5.0B
Q3 24
$371.9M
$5.0B
Q2 24
$302.8M
$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
CLMB
CLMB
JRVR
JRVR
Operating Cash FlowLast quarter
$-18.8M
Free Cash FlowOCF − Capex
$-23.6M
FCF MarginFCF / Revenue
-14.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
JRVR
JRVR
Q1 26
Q4 25
$-11.9M
$-18.8M
Q3 25
$22.2M
$34.3M
Q2 25
$-2.2M
$25.2M
Q1 25
$8.5M
$-51.5M
Q4 24
$16.0M
$-247.1M
Q3 24
$-3.6M
$-269.9M
Q2 24
$7.3M
$-8.7M
Free Cash Flow
CLMB
CLMB
JRVR
JRVR
Q1 26
Q4 25
$-23.6M
Q3 25
$33.7M
Q2 25
$24.7M
Q1 25
$-52.7M
Q4 24
$-252.0M
Q3 24
$-270.8M
Q2 24
$-9.3M
FCF Margin
CLMB
CLMB
JRVR
JRVR
Q1 26
Q4 25
-14.1%
Q3 25
19.5%
Q2 25
14.1%
Q1 25
-30.6%
Q4 24
-198.9%
Q3 24
-141.4%
Q2 24
-4.9%
Capex Intensity
CLMB
CLMB
JRVR
JRVR
Q1 26
Q4 25
2.9%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
3.9%
Q3 24
0.4%
Q2 24
0.3%
Cash Conversion
CLMB
CLMB
JRVR
JRVR
Q1 26
Q4 25
-1.70×
-0.59×
Q3 25
4.73×
33.61×
Q2 25
-0.37×
5.29×
Q1 25
2.30×
-5.38×
Q4 24
2.29×
Q3 24
-0.66×
Q2 24
2.13×
-1.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLMB
CLMB

Segment breakdown not available.

JRVR
JRVR

Excess And Surplus Lines$156.7M93%
Specialty Admitted Insurance$10.9M7%

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