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Side-by-side financial comparison of JinkoSolar Holding Co., Ltd. (JKS) and WHITE MOUNTAINS INSURANCE GROUP LTD (WTM). Click either name above to swap in a different company.

JinkoSolar Holding Co., Ltd. is the larger business by last-quarter revenue ($2.5B vs $1.6B, roughly 1.6× WHITE MOUNTAINS INSURANCE GROUP LTD). Over the past eight quarters, WHITE MOUNTAINS INSURANCE GROUP LTD's revenue compounded faster (57.4% CAGR vs -23.1%).

JinkoSolar Holding Co., Ltd. is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange since 2010. Its subsidiary Jinko Solar Co., Ltd. was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

JKS vs WTM — Head-to-Head

Bigger by revenue
JKS
JKS
1.6× larger
JKS
$2.5B
$1.6B
WTM
Faster 2-yr revenue CAGR
WTM
WTM
Annualised
WTM
57.4%
-23.1%
JKS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JKS
JKS
WTM
WTM
Revenue
$2.5B
$1.6B
Net Profit
$835.8M
Gross Margin
0.3%
97.1%
Operating Margin
56.2%
Net Margin
52.1%
Revenue YoY
348.0%
Net Profit YoY
741.0%
EPS (diluted)
$325.02

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
JKS
JKS
WTM
WTM
Q2 26
$2.5B
Q4 25
$1.6B
Q3 25
$864.2M
Q2 25
$2.3B
$689.2M
Q1 25
$1.9B
$577.8M
Q4 24
$358.0M
Q3 24
$3.5B
$839.1M
Q2 24
$3.3B
$395.4M
Net Profit
JKS
JKS
WTM
WTM
Q2 26
Q4 25
$835.8M
Q3 25
$113.8M
Q2 25
$122.9M
Q1 25
$33.9M
Q4 24
$-130.4M
Q3 24
$179.0M
Q2 24
$-54.6M
Gross Margin
JKS
JKS
WTM
WTM
Q2 26
0.3%
Q4 25
97.1%
Q3 25
93.6%
Q2 25
7.3%
93.8%
Q1 25
98.7%
Q4 24
97.9%
Q3 24
15.7%
99.1%
Q2 24
11.1%
98.2%
Operating Margin
JKS
JKS
WTM
WTM
Q2 26
Q4 25
56.2%
Q3 25
20.7%
Q2 25
25.6%
Q1 25
12.5%
Q4 24
-33.7%
Q3 24
28.5%
Q2 24
-8.8%
Net Margin
JKS
JKS
WTM
WTM
Q2 26
Q4 25
52.1%
Q3 25
13.2%
Q2 25
17.8%
Q1 25
5.9%
Q4 24
-36.4%
Q3 24
21.3%
Q2 24
-13.8%
EPS (diluted)
JKS
JKS
WTM
WTM
Q2 26
Q4 25
$325.02
Q3 25
$44.18
Q2 25
$47.75
Q1 25
$13.19
Q4 24
$-50.98
Q3 24
$69.68
Q2 24
$-21.24

Balance Sheet & Financial Strength

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

Metric
JKS
JKS
WTM
WTM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$837.0M
Stockholders' EquityBook value
$5.4B
Total Assets
$12.3B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Total Debt
JKS
JKS
WTM
WTM
Q2 26
Q4 25
$837.0M
Q3 25
$870.4M
Q2 25
$694.6M
Q1 25
$676.1M
Q4 24
$562.5M
Q3 24
$544.9M
Q2 24
$530.2M
Stockholders' Equity
JKS
JKS
WTM
WTM
Q2 26
Q4 25
$5.4B
Q3 25
$4.8B
Q2 25
$4.6B
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.6B
Q2 24
$4.4B
Total Assets
JKS
JKS
WTM
WTM
Q2 26
Q4 25
$12.3B
Q3 25
$12.3B
Q2 25
$11.8B
Q1 25
$11.0B
Q4 24
$9.9B
Q3 24
$10.3B
Q2 24
$10.2B
Debt / Equity
JKS
JKS
WTM
WTM
Q2 26
Q4 25
0.15×
Q3 25
0.18×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.13×
Q3 24
0.12×
Q2 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
JKS
JKS
WTM
WTM
Operating Cash FlowLast quarter
$53.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JKS
JKS
WTM
WTM
Q2 26
Q4 25
$53.9M
Q3 25
$359.3M
Q2 25
$177.5M
Q1 25
$-40.2M
Q4 24
$64.1M
Q3 24
$269.4M
Q2 24
$216.8M
Cash Conversion
JKS
JKS
WTM
WTM
Q2 26
Q4 25
0.06×
Q3 25
3.16×
Q2 25
1.44×
Q1 25
-1.19×
Q4 24
Q3 24
1.51×
Q2 24

Financial Flow Comparison

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

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