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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $167.7M, roughly 1.4× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 4.4%, a 14.7% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 20.3%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-23.6M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -8.7%).
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
CSW vs JRVR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $167.7M |
| Net Profit | $10.3M | $32.1M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 14.6% |
| Net Margin | 4.4% | 19.1% |
| Revenue YoY | 20.3% | 32.4% |
| Net Profit YoY | -61.9% | 149.5% |
| EPS (diluted) | $0.62 | $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.
| Q4 25 | $233.0M | $167.7M | ||
| Q3 25 | $277.0M | $172.7M | ||
| Q2 25 | $263.6M | $174.8M | ||
| Q1 25 | $230.5M | $172.3M | ||
| Q4 24 | $193.6M | $126.7M | ||
| Q3 24 | $227.9M | $191.5M | ||
| Q2 24 | $226.2M | $188.3M | ||
| Q1 24 | $210.9M | $201.1M |
| Q4 25 | $10.3M | $32.1M | ||
| Q3 25 | $40.7M | $1.0M | ||
| Q2 25 | $40.9M | $4.8M | ||
| Q1 25 | $35.1M | $9.6M | ||
| Q4 24 | $26.9M | $-64.8M | ||
| Q3 24 | $36.1M | $-39.4M | ||
| Q2 24 | $38.6M | $7.6M | ||
| Q1 24 | $31.8M | $15.4M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | 14.6% | ||
| Q3 25 | 20.5% | 1.5% | ||
| Q2 25 | 20.8% | 4.2% | ||
| Q1 25 | 19.5% | 9.3% | ||
| Q4 24 | 15.3% | -57.0% | ||
| Q3 24 | 22.6% | -27.1% | ||
| Q2 24 | 24.3% | 10.7% | ||
| Q1 24 | 21.0% | 16.4% |
| Q4 25 | 4.4% | 19.1% | ||
| Q3 25 | 14.7% | 0.6% | ||
| Q2 25 | 15.5% | 2.7% | ||
| Q1 25 | 15.2% | 5.6% | ||
| Q4 24 | 13.9% | -51.1% | ||
| Q3 24 | 15.8% | -20.6% | ||
| Q2 24 | 17.1% | 4.0% | ||
| Q1 24 | 15.1% | 7.7% |
| Q4 25 | $0.62 | $0.59 | ||
| Q3 25 | $2.41 | $-0.02 | ||
| Q2 25 | $2.43 | $0.06 | ||
| Q1 25 | $2.05 | $0.16 | ||
| Q4 24 | $1.60 | $-2.44 | ||
| Q3 24 | $2.26 | $-1.10 | ||
| Q2 24 | $2.47 | $0.13 | ||
| Q1 24 | $2.03 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $260.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $538.2M |
| Total Assets | $2.3B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $260.9M | ||
| Q3 25 | $31.5M | $238.8M | ||
| Q2 25 | $38.0M | $220.0M | ||
| Q1 25 | $225.8M | $279.4M | ||
| Q4 24 | $213.8M | $362.3M | ||
| Q3 24 | $273.2M | $359.8M | ||
| Q2 24 | $18.9M | $672.5M | ||
| Q1 24 | $22.2M | $305.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $538.2M | ||
| Q3 25 | $1.1B | $503.6M | ||
| Q2 25 | $1.1B | $492.6M | ||
| Q1 25 | $1.1B | $484.5M | ||
| Q4 24 | $1.0B | $460.9M | ||
| Q3 24 | $1.0B | $530.3M | ||
| Q2 24 | $650.2M | $541.8M | ||
| Q1 24 | $615.7M | $539.5M |
| Q4 25 | $2.3B | $4.9B | ||
| Q3 25 | $1.5B | $5.0B | ||
| Q2 25 | $1.5B | $5.0B | ||
| Q1 25 | $1.4B | $4.9B | ||
| Q4 24 | $1.4B | $5.0B | ||
| Q3 24 | $1.4B | $5.0B | ||
| Q2 24 | $1.1B | $4.7B | ||
| Q1 24 | $1.0B | $5.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | $-18.8M |
| Free Cash FlowOCF − Capex | $22.7M | $-23.6M |
| FCF MarginFCF / Revenue | 9.8% | -14.1% |
| Capex IntensityCapex / Revenue | 2.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 2.81× | -0.59× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $-17.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $-18.8M | ||
| Q3 25 | $61.8M | $34.3M | ||
| Q2 25 | $60.6M | $25.2M | ||
| Q1 25 | $27.3M | $-51.5M | ||
| Q4 24 | $11.6M | $-247.1M | ||
| Q3 24 | $66.8M | $-269.9M | ||
| Q2 24 | $62.7M | $-8.7M | ||
| Q1 24 | $22.4M | $24.1M |
| Q4 25 | $22.7M | $-23.6M | ||
| Q3 25 | $58.7M | $33.7M | ||
| Q2 25 | $57.7M | $24.7M | ||
| Q1 25 | $22.8M | $-52.7M | ||
| Q4 24 | $8.5M | $-252.0M | ||
| Q3 24 | $61.3M | $-270.8M | ||
| Q2 24 | $59.6M | $-9.3M | ||
| Q1 24 | $17.5M | $23.3M |
| Q4 25 | 9.8% | -14.1% | ||
| Q3 25 | 21.2% | 19.5% | ||
| Q2 25 | 21.9% | 14.1% | ||
| Q1 25 | 9.9% | -30.6% | ||
| Q4 24 | 4.4% | -198.9% | ||
| Q3 24 | 26.9% | -141.4% | ||
| Q2 24 | 26.3% | -4.9% | ||
| Q1 24 | 8.3% | 11.6% |
| Q4 25 | 2.6% | 2.9% | ||
| Q3 25 | 1.1% | 0.4% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 1.6% | 3.9% | ||
| Q3 24 | 2.4% | 0.4% | ||
| Q2 24 | 1.4% | 0.3% | ||
| Q1 24 | 2.3% | 0.4% |
| Q4 25 | 2.81× | -0.59× | ||
| Q3 25 | 1.52× | 33.61× | ||
| Q2 25 | 1.48× | 5.29× | ||
| Q1 25 | 0.78× | -5.38× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | -1.14× | ||
| Q1 24 | 0.71× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
