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

Montrose Environmental Group, Inc. is the larger business by last-quarter revenue ($193.3M vs $151.4M, roughly 1.3× James River Group Holdings, Inc.). On growth, Montrose Environmental Group, Inc. posted the faster year-over-year revenue change (2.2% vs -12.1%). Over the past eight quarters, Montrose Environmental Group, Inc.'s revenue compounded faster (11.5% CAGR vs -10.3%).

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

Montrose Environmental Group, Inc. is an American multinational corporation that provides wide-ranging environmental services. The company is vertically integrated across the environmental industry and supports public and private sector clientele. Montrose is headquartered in Little Rock, Arkansas and incorporated in the U.S. state of Delaware.

JRVR vs MEG — Head-to-Head

Bigger by revenue
MEG
MEG
1.3× larger
MEG
$193.3M
$151.4M
JRVR
Growing faster (revenue YoY)
MEG
MEG
+14.4% gap
MEG
2.2%
-12.1%
JRVR
Faster 2-yr revenue CAGR
MEG
MEG
Annualised
MEG
11.5%
-10.3%
JRVR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JRVR
JRVR
MEG
MEG
Revenue
$151.4M
$193.3M
Net Profit
$-8.2M
Gross Margin
38.6%
Operating Margin
-1.3%
Net Margin
-4.3%
Revenue YoY
-12.1%
2.2%
Net Profit YoY
70.9%
EPS (diluted)
$-0.13

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
JRVR
JRVR
MEG
MEG
Q1 26
$151.4M
Q4 25
$167.7M
$193.3M
Q3 25
$172.7M
$224.9M
Q2 25
$174.8M
$234.5M
Q1 25
$172.3M
$177.8M
Q4 24
$126.7M
$189.1M
Q3 24
$191.5M
$178.7M
Q2 24
$188.3M
$173.3M
Net Profit
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
$32.1M
$-8.2M
Q3 25
$1.0M
$8.4M
Q2 25
$4.8M
$18.4M
Q1 25
$9.6M
$-19.4M
Q4 24
$-64.8M
$-28.2M
Q3 24
$-39.4M
$-10.6M
Q2 24
$7.6M
$-10.2M
Gross Margin
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
38.6%
Q3 25
39.4%
Q2 25
43.4%
Q1 25
39.0%
Q4 24
40.8%
Q3 24
40.9%
Q2 24
39.9%
Operating Margin
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
14.6%
-1.3%
Q3 25
1.5%
4.4%
Q2 25
4.2%
6.4%
Q1 25
9.3%
-5.9%
Q4 24
-57.0%
-12.1%
Q3 24
-27.1%
-0.6%
Q2 24
10.7%
-1.5%
Net Margin
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
19.1%
-4.3%
Q3 25
0.6%
3.7%
Q2 25
2.7%
7.8%
Q1 25
5.6%
-10.9%
Q4 24
-51.1%
-14.9%
Q3 24
-20.6%
-5.9%
Q2 24
4.0%
-5.9%
EPS (diluted)
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
$0.59
$-0.13
Q3 25
$-0.02
$0.21
Q2 25
$0.06
$0.42
Q1 25
$0.16
$-0.64
Q4 24
$-2.44
$-0.91
Q3 24
$-1.10
$-0.39
Q2 24
$0.13
$-0.39

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
MEG
MEG
Cash + ST InvestmentsLiquidity on hand
$228.2M
$11.2M
Total DebtLower is stronger
$277.1M
Stockholders' EquityBook value
$518.4M
$451.2M
Total Assets
$4.8B
$981.3M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
MEG
MEG
Q1 26
$228.2M
Q4 25
$260.9M
$11.2M
Q3 25
$238.8M
$6.7M
Q2 25
$220.0M
$10.5M
Q1 25
$279.4M
$30.3M
Q4 24
$362.3M
$12.9M
Q3 24
$359.8M
$13.0M
Q2 24
$672.5M
$16.9M
Total Debt
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
$277.1M
Q3 25
$302.4M
Q2 25
$264.6M
Q1 25
$235.6M
Q4 24
$204.8M
Q3 24
$233.0M
Q2 24
$188.7M
Stockholders' Equity
JRVR
JRVR
MEG
MEG
Q1 26
$518.4M
Q4 25
$538.2M
$451.2M
Q3 25
$503.6M
$458.7M
Q2 25
$492.6M
$470.3M
Q1 25
$484.5M
$444.1M
Q4 24
$460.9M
$446.3M
Q3 24
$530.3M
$449.2M
Q2 24
$541.8M
$448.8M
Total Assets
JRVR
JRVR
MEG
MEG
Q1 26
$4.8B
Q4 25
$4.9B
$981.3M
Q3 25
$5.0B
$985.7M
Q2 25
$5.0B
$998.1M
Q1 25
$4.9B
$992.2M
Q4 24
$5.0B
$990.4M
Q3 24
$5.0B
$1.0B
Q2 24
$4.7B
$943.9M
Debt / Equity
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
0.61×
Q3 25
0.66×
Q2 25
0.56×
Q1 25
0.53×
Q4 24
0.46×
Q3 24
0.52×
Q2 24
0.42×

Cash Flow & Capital Efficiency

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

Metric
JRVR
JRVR
MEG
MEG
Operating Cash FlowLast quarter
$51.9M
Free Cash FlowOCF − Capex
$46.5M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$91.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
$-18.8M
$51.9M
Q3 25
$34.3M
$28.1M
Q2 25
$25.2M
$21.9M
Q1 25
$-51.5M
$5.5M
Q4 24
$-247.1M
$32.0M
Q3 24
$-269.9M
$11.4M
Q2 24
$-8.7M
$894.0K
Free Cash Flow
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
$-23.6M
$46.5M
Q3 25
$33.7M
$22.3M
Q2 25
$24.7M
$19.9M
Q1 25
$-52.7M
$2.4M
Q4 24
$-252.0M
$29.7M
Q3 24
$-270.8M
$10.2M
Q2 24
$-9.3M
$-9.8M
FCF Margin
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
-14.1%
24.1%
Q3 25
19.5%
9.9%
Q2 25
14.1%
8.5%
Q1 25
-30.6%
1.3%
Q4 24
-198.9%
15.7%
Q3 24
-141.4%
5.7%
Q2 24
-4.9%
-5.6%
Capex Intensity
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
2.9%
2.8%
Q3 25
0.4%
2.6%
Q2 25
0.3%
0.8%
Q1 25
0.7%
1.8%
Q4 24
3.9%
1.2%
Q3 24
0.4%
0.6%
Q2 24
0.3%
6.1%
Cash Conversion
JRVR
JRVR
MEG
MEG
Q1 26
Q4 25
-0.59×
Q3 25
33.61×
3.36×
Q2 25
5.29×
1.19×
Q1 25
-5.38×
Q4 24
Q3 24
Q2 24
-1.14×

Financial Flow Comparison

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

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