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

Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $167.7M, roughly 1.5× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -32.7%, a 51.8% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 6.2%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $-23.6M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% CAGR vs -8.7%).

CTEV vs JRVR — Head-to-Head

Bigger by revenue
CTEV
CTEV
1.5× larger
CTEV
$246.6M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+26.2% gap
JRVR
32.4%
6.2%
CTEV
Higher net margin
JRVR
JRVR
51.8% more per $
JRVR
19.1%
-32.7%
CTEV
More free cash flow
CTEV
CTEV
$60.0M more FCF
CTEV
$36.4M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
CTEV
CTEV
Annualised
CTEV
2.5%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTEV
CTEV
JRVR
JRVR
Revenue
$246.6M
$167.7M
Net Profit
$-80.6M
$32.1M
Gross Margin
Operating Margin
-3.1%
14.6%
Net Margin
-32.7%
19.1%
Revenue YoY
6.2%
32.4%
Net Profit YoY
41.6%
149.5%
EPS (diluted)
$-4.88
$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
CTEV
CTEV
JRVR
JRVR
Q4 25
$246.6M
$167.7M
Q3 25
$246.0M
$172.7M
Q2 25
$241.6M
$174.8M
Q1 25
$231.3M
$172.3M
Q4 24
$232.1M
$126.7M
Q3 24
$230.5M
$191.5M
Q2 24
$233.5M
$188.3M
Q1 24
$234.5M
$201.1M
Net Profit
CTEV
CTEV
JRVR
JRVR
Q4 25
$-80.6M
$32.1M
Q3 25
$-69.8M
$1.0M
Q2 25
$-62.6M
$4.8M
Q1 25
$-71.3M
$9.6M
Q4 24
$-138.0M
$-64.8M
Q3 24
$-391.4M
$-39.4M
Q2 24
$-576.7M
$7.6M
Q1 24
$-539.7M
$15.4M
Operating Margin
CTEV
CTEV
JRVR
JRVR
Q4 25
-3.1%
14.6%
Q3 25
4.1%
1.5%
Q2 25
6.9%
4.2%
Q1 25
4.2%
9.3%
Q4 24
-17.8%
-57.0%
Q3 24
-146.7%
-27.1%
Q2 24
-224.4%
10.7%
Q1 24
-207.4%
16.4%
Net Margin
CTEV
CTEV
JRVR
JRVR
Q4 25
-32.7%
19.1%
Q3 25
-28.4%
0.6%
Q2 25
-25.9%
2.7%
Q1 25
-30.8%
5.6%
Q4 24
-59.4%
-51.1%
Q3 24
-169.8%
-20.6%
Q2 24
-247.0%
4.0%
Q1 24
-230.1%
7.7%
EPS (diluted)
CTEV
CTEV
JRVR
JRVR
Q4 25
$-4.88
$0.59
Q3 25
$-4.23
$-0.02
Q2 25
$-3.81
$0.06
Q1 25
$-4.38
$0.16
Q4 24
$-8.49
$-2.44
Q3 24
$-24.25
$-1.10
Q2 24
$-35.78
$0.13
Q1 24
$-33.40
$0.35

Balance Sheet & Financial Strength

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

Metric
CTEV
CTEV
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$16.8M
$260.9M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$-173.9M
$538.2M
Total Assets
$4.9B
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTEV
CTEV
JRVR
JRVR
Q4 25
$16.8M
$260.9M
Q3 25
$39.2M
$238.8M
Q2 25
$56.4M
$220.0M
Q1 25
$23.1M
$279.4M
Q4 24
$16.8M
$362.3M
Q3 24
$86.6M
$359.8M
Q2 24
$48.8M
$672.5M
Q1 24
$58.7M
$305.5M
Total Debt
CTEV
CTEV
JRVR
JRVR
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.5B
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.5B
Q1 24
$4.5B
Stockholders' Equity
CTEV
CTEV
JRVR
JRVR
Q4 25
$-173.9M
$538.2M
Q3 25
$-101.8M
$503.6M
Q2 25
$-39.9M
$492.6M
Q1 25
$14.8M
$484.5M
Q4 24
$84.0M
$460.9M
Q3 24
$207.6M
$530.3M
Q2 24
$603.4M
$541.8M
Q1 24
$1.2B
$539.5M
Total Assets
CTEV
CTEV
JRVR
JRVR
Q4 25
$4.9B
$4.9B
Q3 25
$5.0B
$5.0B
Q2 25
$5.1B
$5.0B
Q1 25
$5.1B
$4.9B
Q4 24
$5.2B
$5.0B
Q3 24
$5.3B
$5.0B
Q2 24
$5.7B
$4.7B
Q1 24
$6.4B
$5.3B
Debt / Equity
CTEV
CTEV
JRVR
JRVR
Q4 25
Q3 25
Q2 25
Q1 25
304.87×
Q4 24
53.67×
Q3 24
21.73×
Q2 24
7.48×
Q1 24
3.85×

Cash Flow & Capital Efficiency

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

Metric
CTEV
CTEV
JRVR
JRVR
Operating Cash FlowLast quarter
$66.3M
$-18.8M
Free Cash FlowOCF − Capex
$36.4M
$-23.6M
FCF MarginFCF / Revenue
14.8%
-14.1%
Capex IntensityCapex / Revenue
12.1%
2.9%
Cash ConversionOCF / Net Profit
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M
$-17.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTEV
CTEV
JRVR
JRVR
Q4 25
$66.3M
$-18.8M
Q3 25
$19.9M
$34.3M
Q2 25
$61.2M
$25.2M
Q1 25
$-30.1M
$-51.5M
Q4 24
$-33.4M
$-247.1M
Q3 24
$72.8M
$-269.9M
Q2 24
$18.5M
$-8.7M
Q1 24
$49.7M
$24.1M
Free Cash Flow
CTEV
CTEV
JRVR
JRVR
Q4 25
$36.4M
$-23.6M
Q3 25
$-16.3M
$33.7M
Q2 25
$36.6M
$24.7M
Q1 25
$-68.9M
$-52.7M
Q4 24
$-63.8M
$-252.0M
Q3 24
$41.1M
$-270.8M
Q2 24
$-7.0M
$-9.3M
Q1 24
$19.2M
$23.3M
FCF Margin
CTEV
CTEV
JRVR
JRVR
Q4 25
14.8%
-14.1%
Q3 25
-6.6%
19.5%
Q2 25
15.2%
14.1%
Q1 25
-29.8%
-30.6%
Q4 24
-27.5%
-198.9%
Q3 24
17.8%
-141.4%
Q2 24
-3.0%
-4.9%
Q1 24
8.2%
11.6%
Capex Intensity
CTEV
CTEV
JRVR
JRVR
Q4 25
12.1%
2.9%
Q3 25
14.7%
0.4%
Q2 25
10.2%
0.3%
Q1 25
16.8%
0.7%
Q4 24
13.1%
3.9%
Q3 24
13.8%
0.4%
Q2 24
10.9%
0.3%
Q1 24
13.0%
0.4%
Cash Conversion
CTEV
CTEV
JRVR
JRVR
Q4 25
-0.59×
Q3 25
33.61×
Q2 25
5.29×
Q1 25
-5.38×
Q4 24
Q3 24
Q2 24
-1.14×
Q1 24
1.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTEV
CTEV

Segment breakdown not available.

JRVR
JRVR

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

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