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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.

James River Group Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $115.5M, roughly 1.5× INFINITY NATURAL RESOURCES, INC.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 17.3%, a 1.8% gap on every dollar of revenue.

INR vs JRVR — Head-to-Head

Bigger by revenue
JRVR
JRVR
1.5× larger
JRVR
$167.7M
$115.5M
INR
Higher net margin
JRVR
JRVR
1.8% more per $
JRVR
19.1%
17.3%
INR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
JRVR
JRVR
Revenue
$115.5M
$167.7M
Net Profit
$20.0M
$32.1M
Gross Margin
Operating Margin
47.0%
14.6%
Net Margin
17.3%
19.1%
Revenue YoY
32.4%
Net Profit YoY
149.5%
EPS (diluted)
$1.33
$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
INR
INR
JRVR
JRVR
Q4 25
$115.5M
$167.7M
Q3 25
$78.3M
$172.7M
Q2 25
$72.5M
$174.8M
Q1 25
$84.2M
$172.3M
Q4 24
$126.7M
Q3 24
$191.5M
Q2 24
$188.3M
Q1 24
$201.1M
Net Profit
INR
INR
JRVR
JRVR
Q4 25
$20.0M
$32.1M
Q3 25
$10.4M
$1.0M
Q2 25
$18.0M
$4.8M
Q1 25
$-34.6M
$9.6M
Q4 24
$-64.8M
Q3 24
$-39.4M
Q2 24
$7.6M
Q1 24
$15.4M
Operating Margin
INR
INR
JRVR
JRVR
Q4 25
47.0%
14.6%
Q3 25
30.5%
1.5%
Q2 25
29.9%
4.2%
Q1 25
-104.5%
9.3%
Q4 24
-57.0%
Q3 24
-27.1%
Q2 24
10.7%
Q1 24
16.4%
Net Margin
INR
INR
JRVR
JRVR
Q4 25
17.3%
19.1%
Q3 25
13.3%
0.6%
Q2 25
24.8%
2.7%
Q1 25
-41.1%
5.6%
Q4 24
-51.1%
Q3 24
-20.6%
Q2 24
4.0%
Q1 24
7.7%
EPS (diluted)
INR
INR
JRVR
JRVR
Q4 25
$1.33
$0.59
Q3 25
$0.65
$-0.02
Q2 25
$1.18
$0.06
Q1 25
$-2.27
$0.16
Q4 24
$-2.44
Q3 24
$-1.10
Q2 24
$0.13
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
INR
INR
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$2.8M
$260.9M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$307.1M
$538.2M
Total Assets
$1.2B
$4.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
JRVR
JRVR
Q4 25
$2.8M
$260.9M
Q3 25
$4.6M
$238.8M
Q2 25
$6.3M
$220.0M
Q1 25
$4.9M
$279.4M
Q4 24
$362.3M
Q3 24
$359.8M
Q2 24
$672.5M
Q1 24
$305.5M
Total Debt
INR
INR
JRVR
JRVR
Q4 25
$55.0K
Q3 25
Q2 25
Q1 25
$123.0K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
INR
INR
JRVR
JRVR
Q4 25
$307.1M
$538.2M
Q3 25
$288.6M
$503.6M
Q2 25
$10.1M
$492.6M
Q1 25
$-52.2M
$484.5M
Q4 24
$460.9M
Q3 24
$530.3M
Q2 24
$541.8M
Q1 24
$539.5M
Total Assets
INR
INR
JRVR
JRVR
Q4 25
$1.2B
$4.9B
Q3 25
$1.1B
$5.0B
Q2 25
$1.0B
$5.0B
Q1 25
$953.9M
$4.9B
Q4 24
$5.0B
Q3 24
$5.0B
Q2 24
$4.7B
Q1 24
$5.3B
Debt / Equity
INR
INR
JRVR
JRVR
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
INR
INR
JRVR
JRVR
Operating Cash FlowLast quarter
$75.1M
$-18.8M
Free Cash FlowOCF − Capex
$-23.6M
FCF MarginFCF / Revenue
-14.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
3.75×
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
JRVR
JRVR
Q4 25
$75.1M
$-18.8M
Q3 25
$42.1M
$34.3M
Q2 25
$70.4M
$25.2M
Q1 25
$74.2M
$-51.5M
Q4 24
$-247.1M
Q3 24
$-269.9M
Q2 24
$-8.7M
Q1 24
$24.1M
Free Cash Flow
INR
INR
JRVR
JRVR
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
Q1 24
$23.3M
FCF Margin
INR
INR
JRVR
JRVR
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%
Q1 24
11.6%
Capex Intensity
INR
INR
JRVR
JRVR
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%
Q1 24
0.4%
Cash Conversion
INR
INR
JRVR
JRVR
Q4 25
3.75×
-0.59×
Q3 25
4.04×
33.61×
Q2 25
3.91×
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

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

JRVR
JRVR

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

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