vs
Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Mayville Engineering Company, Inc. (MEC). 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 $134.3M, roughly 1.2× Mayville Engineering Company, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -3.2%, a 22.4% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 10.7%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-23.6M). Over the past eight quarters, James River Group Holdings, Inc.'s revenue compounded faster (-8.7% CAGR vs -8.8%).
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
JRVR vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $134.3M |
| Net Profit | $32.1M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 14.6% | -4.1% |
| Net Margin | 19.1% | -3.2% |
| Revenue YoY | 32.4% | 10.7% |
| Net Profit YoY | 149.5% | -127.3% |
| EPS (diluted) | $0.59 | $-0.22 |
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 | $167.7M | $134.3M | ||
| Q3 25 | $172.7M | $144.3M | ||
| Q2 25 | $174.8M | $132.3M | ||
| Q1 25 | $172.3M | $135.6M | ||
| Q4 24 | $126.7M | $121.3M | ||
| Q3 24 | $191.5M | $135.4M | ||
| Q2 24 | $188.3M | $163.6M | ||
| Q1 24 | $201.1M | $161.3M |
| Q4 25 | $32.1M | $-4.4M | ||
| Q3 25 | $1.0M | $-2.7M | ||
| Q2 25 | $4.8M | $-1.1M | ||
| Q1 25 | $9.6M | $20.0K | ||
| Q4 24 | $-64.8M | $16.0M | ||
| Q3 24 | $-39.4M | $3.0M | ||
| Q2 24 | $7.6M | $3.8M | ||
| Q1 24 | $15.4M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | 14.6% | -4.1% | ||
| Q3 25 | 1.5% | 0.0% | ||
| Q2 25 | 4.2% | 0.1% | ||
| Q1 25 | 9.3% | 1.2% | ||
| Q4 24 | -57.0% | 19.0% | ||
| Q3 24 | -27.1% | 4.2% | ||
| Q2 24 | 10.7% | 5.0% | ||
| Q1 24 | 16.4% | 4.7% |
| Q4 25 | 19.1% | -3.2% | ||
| Q3 25 | 0.6% | -1.9% | ||
| Q2 25 | 2.7% | -0.8% | ||
| Q1 25 | 5.6% | 0.0% | ||
| Q4 24 | -51.1% | 13.2% | ||
| Q3 24 | -20.6% | 2.2% | ||
| Q2 24 | 4.0% | 2.3% | ||
| Q1 24 | 7.7% | 2.0% |
| Q4 25 | $0.59 | $-0.22 | ||
| Q3 25 | $-0.02 | $-0.13 | ||
| Q2 25 | $0.06 | $-0.05 | ||
| Q1 25 | $0.16 | $0.00 | ||
| Q4 24 | $-2.44 | $0.76 | ||
| Q3 24 | $-1.10 | $0.14 | ||
| Q2 24 | $0.13 | $0.18 | ||
| Q1 24 | $0.35 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $260.9M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $538.2M | $240.7M |
| Total Assets | $4.9B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $1.5M | ||
| Q3 25 | $238.8M | $1.2M | ||
| Q2 25 | $220.0M | $206.0K | ||
| Q1 25 | $279.4M | $183.0K | ||
| Q4 24 | $362.3M | $206.0K | ||
| Q3 24 | $359.8M | $178.0K | ||
| Q2 24 | $672.5M | $314.0K | ||
| Q1 24 | $305.5M | $314.0K |
| Q4 25 | $538.2M | $240.7M | ||
| Q3 25 | $503.6M | $244.8M | ||
| Q2 25 | $492.6M | $246.8M | ||
| Q1 25 | $484.5M | $250.0M | ||
| Q4 24 | $460.9M | $251.8M | ||
| Q3 24 | $530.3M | $238.4M | ||
| Q2 24 | $541.8M | $238.1M | ||
| Q1 24 | $539.5M | $234.0M |
| Q4 25 | $4.9B | $563.6M | ||
| Q3 25 | $5.0B | $585.6M | ||
| Q2 25 | $5.0B | $433.7M | ||
| Q1 25 | $4.9B | $447.7M | ||
| Q4 24 | $5.0B | $445.6M | ||
| Q3 24 | $5.0B | $466.0M | ||
| Q2 24 | $4.7B | $488.2M | ||
| Q1 24 | $5.3B | $499.9M |
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 | $-18.8M | $13.4M |
| Free Cash FlowOCF − Capex | $-23.6M | $10.2M |
| FCF MarginFCF / Revenue | -14.1% | 7.6% |
| Capex IntensityCapex / Revenue | 2.9% | 2.4% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $13.4M | ||
| Q3 25 | $34.3M | $1.9M | ||
| Q2 25 | $25.2M | $15.0M | ||
| Q1 25 | $-51.5M | $8.3M | ||
| Q4 24 | $-247.1M | $38.0M | ||
| Q3 24 | $-269.9M | $17.9M | ||
| Q2 24 | $-8.7M | $23.3M | ||
| Q1 24 | $24.1M | $10.6M |
| Q4 25 | $-23.6M | $10.2M | ||
| Q3 25 | $33.7M | $-1.1M | ||
| Q2 25 | $24.7M | $12.5M | ||
| Q1 25 | $-52.7M | $5.4M | ||
| Q4 24 | $-252.0M | $35.6M | ||
| Q3 24 | $-270.8M | $15.1M | ||
| Q2 24 | $-9.3M | $19.2M | ||
| Q1 24 | $23.3M | $7.8M |
| Q4 25 | -14.1% | 7.6% | ||
| Q3 25 | 19.5% | -0.8% | ||
| Q2 25 | 14.1% | 9.5% | ||
| Q1 25 | -30.6% | 4.0% | ||
| Q4 24 | -198.9% | 29.4% | ||
| Q3 24 | -141.4% | 11.1% | ||
| Q2 24 | -4.9% | 11.7% | ||
| Q1 24 | 11.6% | 4.9% |
| Q4 25 | 2.9% | 2.4% | ||
| Q3 25 | 0.4% | 2.1% | ||
| Q2 25 | 0.3% | 1.8% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 3.9% | 1.9% | ||
| Q3 24 | 0.4% | 2.1% | ||
| Q2 24 | 0.3% | 2.5% | ||
| Q1 24 | 0.4% | 1.7% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | -5.38× | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | -1.14× | 6.15× | ||
| Q1 24 | 1.56× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
