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

Janus International Group, Inc. is the larger business by last-quarter revenue ($219.3M vs $167.7M, roughly 1.3× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 6.9%, a 12.2% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -4.7%). Janus International Group, Inc. produced more free cash flow last quarter ($8.3M vs $-23.6M). Over the past eight quarters, James River Group Holdings, Inc.'s revenue compounded faster (-8.7% CAGR vs -8.8%).

Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.

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

JBI vs JRVR — Head-to-Head

Bigger by revenue
JBI
JBI
1.3× larger
JBI
$219.3M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+37.1% gap
JRVR
32.4%
-4.7%
JBI
Higher net margin
JRVR
JRVR
12.2% more per $
JRVR
19.1%
6.9%
JBI
More free cash flow
JBI
JBI
$31.9M more FCF
JBI
$8.3M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
JRVR
JRVR
Annualised
JRVR
-8.7%
-8.8%
JBI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
JBI
JBI
JRVR
JRVR
Revenue
$219.3M
$167.7M
Net Profit
$15.2M
$32.1M
Gross Margin
39.1%
Operating Margin
13.4%
14.6%
Net Margin
6.9%
19.1%
Revenue YoY
-4.7%
32.4%
Net Profit YoY
28.8%
149.5%
EPS (diluted)
$0.11
$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
JBI
JBI
JRVR
JRVR
Q4 25
$167.7M
Q3 25
$219.3M
$172.7M
Q2 25
$228.1M
$174.8M
Q1 25
$210.5M
$172.3M
Q4 24
$230.8M
$126.7M
Q3 24
$230.1M
$191.5M
Q2 24
$248.4M
$188.3M
Q1 24
$254.5M
$201.1M
Net Profit
JBI
JBI
JRVR
JRVR
Q4 25
$32.1M
Q3 25
$15.2M
$1.0M
Q2 25
$20.7M
$4.8M
Q1 25
$10.8M
$9.6M
Q4 24
$300.0K
$-64.8M
Q3 24
$11.8M
$-39.4M
Q2 24
$27.6M
$7.6M
Q1 24
$30.7M
$15.4M
Gross Margin
JBI
JBI
JRVR
JRVR
Q4 25
Q3 25
39.1%
Q2 25
40.9%
Q1 25
38.9%
Q4 24
37.8%
Q3 24
39.6%
Q2 24
43.9%
Q1 24
43.4%
Operating Margin
JBI
JBI
JRVR
JRVR
Q4 25
14.6%
Q3 25
13.4%
1.5%
Q2 25
15.8%
4.2%
Q1 25
12.0%
9.3%
Q4 24
5.5%
-57.0%
Q3 24
11.6%
-27.1%
Q2 24
20.8%
10.7%
Q1 24
21.8%
16.4%
Net Margin
JBI
JBI
JRVR
JRVR
Q4 25
19.1%
Q3 25
6.9%
0.6%
Q2 25
9.1%
2.7%
Q1 25
5.1%
5.6%
Q4 24
0.1%
-51.1%
Q3 24
5.1%
-20.6%
Q2 24
11.1%
4.0%
Q1 24
12.1%
7.7%
EPS (diluted)
JBI
JBI
JRVR
JRVR
Q4 25
$0.59
Q3 25
$0.11
$-0.02
Q2 25
$0.15
$0.06
Q1 25
$0.08
$0.16
Q4 24
$0.01
$-2.44
Q3 24
$0.08
$-1.10
Q2 24
$0.19
$0.13
Q1 24
$0.21
$0.35

Balance Sheet & Financial Strength

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

Metric
JBI
JBI
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$260.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$560.8M
$538.2M
Total Assets
$1.3B
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBI
JBI
JRVR
JRVR
Q4 25
$260.9M
Q3 25
$238.8M
Q2 25
$220.0M
Q1 25
$279.4M
Q4 24
$362.3M
Q3 24
$102.1M
$359.8M
Q2 24
$110.1M
$672.5M
Q1 24
$305.5M
Stockholders' Equity
JBI
JBI
JRVR
JRVR
Q4 25
$538.2M
Q3 25
$560.8M
$503.6M
Q2 25
$543.8M
$492.6M
Q1 25
$526.8M
$484.5M
Q4 24
$518.8M
$460.9M
Q3 24
$526.6M
$530.3M
Q2 24
$556.3M
$541.8M
Q1 24
$535.4M
$539.5M
Total Assets
JBI
JBI
JRVR
JRVR
Q4 25
$4.9B
Q3 25
$1.3B
$5.0B
Q2 25
$1.3B
$5.0B
Q1 25
$1.3B
$4.9B
Q4 24
$1.3B
$5.0B
Q3 24
$1.3B
$5.0B
Q2 24
$1.3B
$4.7B
Q1 24
$1.4B
$5.3B

Cash Flow & Capital Efficiency

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

Metric
JBI
JBI
JRVR
JRVR
Operating Cash FlowLast quarter
$15.0M
$-18.8M
Free Cash FlowOCF − Capex
$8.3M
$-23.6M
FCF MarginFCF / Revenue
3.8%
-14.1%
Capex IntensityCapex / Revenue
3.1%
2.9%
Cash ConversionOCF / Net Profit
0.99×
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$140.1M
$-17.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBI
JBI
JRVR
JRVR
Q4 25
$-18.8M
Q3 25
$15.0M
$34.3M
Q2 25
$51.4M
$25.2M
Q1 25
$48.3M
$-51.5M
Q4 24
$51.4M
$-247.1M
Q3 24
$43.0M
$-269.9M
Q2 24
$31.0M
$-8.7M
Q1 24
$28.6M
$24.1M
Free Cash Flow
JBI
JBI
JRVR
JRVR
Q4 25
$-23.6M
Q3 25
$8.3M
$33.7M
Q2 25
$44.6M
$24.7M
Q1 25
$41.9M
$-52.7M
Q4 24
$45.3M
$-252.0M
Q3 24
$39.3M
$-270.8M
Q2 24
$25.3M
$-9.3M
Q1 24
$24.0M
$23.3M
FCF Margin
JBI
JBI
JRVR
JRVR
Q4 25
-14.1%
Q3 25
3.8%
19.5%
Q2 25
19.6%
14.1%
Q1 25
19.9%
-30.6%
Q4 24
19.6%
-198.9%
Q3 24
17.1%
-141.4%
Q2 24
10.2%
-4.9%
Q1 24
9.4%
11.6%
Capex Intensity
JBI
JBI
JRVR
JRVR
Q4 25
2.9%
Q3 25
3.1%
0.4%
Q2 25
3.0%
0.3%
Q1 25
3.0%
0.7%
Q4 24
2.6%
3.9%
Q3 24
1.6%
0.4%
Q2 24
2.3%
0.3%
Q1 24
1.8%
0.4%
Cash Conversion
JBI
JBI
JRVR
JRVR
Q4 25
-0.59×
Q3 25
0.99×
33.61×
Q2 25
2.48×
5.29×
Q1 25
4.47×
-5.38×
Q4 24
171.33×
Q3 24
3.64×
Q2 24
1.12×
-1.14×
Q1 24
0.93×
1.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBI
JBI

Self Storage New Construction$72.3M33%
Commercial And Others$65.5M30%
Self Storage R3$54.0M25%
Transferred At Point In Time$15.5M7%
Transferred Over Time$12.8M6%

JRVR
JRVR

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

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