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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Ramaco Resources, Inc. (METC). 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 $121.0M, roughly 1.4× Ramaco Resources, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -11.0%, a 30.1% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -27.7%). Ramaco Resources, Inc. produced more free cash flow last quarter ($-17.5M vs $-23.6M). Over the past eight quarters, James River Group Holdings, Inc.'s revenue compounded faster (-8.7% CAGR vs -22.7%).
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
JRVR vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $121.0M |
| Net Profit | $32.1M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 14.6% | -12.0% |
| Net Margin | 19.1% | -11.0% |
| Revenue YoY | 32.4% | -27.7% |
| Net Profit YoY | 149.5% | -5468.2% |
| EPS (diluted) | $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.
| Q4 25 | $167.7M | — | ||
| Q3 25 | $172.7M | $121.0M | ||
| Q2 25 | $174.8M | $153.0M | ||
| Q1 25 | $172.3M | $134.7M | ||
| Q4 24 | $126.7M | $170.9M | ||
| Q3 24 | $191.5M | $167.4M | ||
| Q2 24 | $188.3M | $155.3M | ||
| Q1 24 | $201.1M | $172.7M |
| Q4 25 | $32.1M | — | ||
| Q3 25 | $1.0M | $-13.3M | ||
| Q2 25 | $4.8M | $-14.0M | ||
| Q1 25 | $9.6M | $-9.5M | ||
| Q4 24 | $-64.8M | $3.9M | ||
| Q3 24 | $-39.4M | $-239.0K | ||
| Q2 24 | $7.6M | $5.5M | ||
| Q1 24 | $15.4M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 14.6% | — | ||
| Q3 25 | 1.5% | -12.0% | ||
| Q2 25 | 4.2% | -9.1% | ||
| Q1 25 | 9.3% | -8.9% | ||
| Q4 24 | -57.0% | 3.7% | ||
| Q3 24 | -27.1% | 1.0% | ||
| Q2 24 | 10.7% | 3.5% | ||
| Q1 24 | 16.4% | 1.9% |
| Q4 25 | 19.1% | — | ||
| Q3 25 | 0.6% | -11.0% | ||
| Q2 25 | 2.7% | -9.1% | ||
| Q1 25 | 5.6% | -7.0% | ||
| Q4 24 | -51.1% | 2.3% | ||
| Q3 24 | -20.6% | -0.1% | ||
| Q2 24 | 4.0% | 3.6% | ||
| Q1 24 | 7.7% | 1.2% |
| Q4 25 | $0.59 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $-2.44 | $0.06 | ||
| Q3 24 | $-1.10 | $-0.03 | ||
| Q2 24 | $0.13 | $0.08 | ||
| Q1 24 | $0.35 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $538.2M | $526.9M |
| Total Assets | $4.9B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | — | ||
| Q3 25 | $238.8M | $193.8M | ||
| Q2 25 | $220.0M | $28.1M | ||
| Q1 25 | $279.4M | $43.5M | ||
| Q4 24 | $362.3M | $33.0M | ||
| Q3 24 | $359.8M | $22.9M | ||
| Q2 24 | $672.5M | $27.6M | ||
| Q1 24 | $305.5M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $538.2M | — | ||
| Q3 25 | $503.6M | $526.9M | ||
| Q2 25 | $492.6M | $347.4M | ||
| Q1 25 | $484.5M | $355.2M | ||
| Q4 24 | $460.9M | $362.8M | ||
| Q3 24 | $530.3M | $361.8M | ||
| Q2 24 | $541.8M | $366.1M | ||
| Q1 24 | $539.5M | $372.3M |
| Q4 25 | $4.9B | — | ||
| Q3 25 | $5.0B | $849.7M | ||
| Q2 25 | $5.0B | $674.6M | ||
| Q1 25 | $4.9B | $685.7M | ||
| Q4 24 | $5.0B | $674.7M | ||
| Q3 24 | $5.0B | $645.4M | ||
| Q2 24 | $4.7B | $659.2M | ||
| Q1 24 | $5.3B | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-18.8M | $-1.4M |
| Free Cash FlowOCF − Capex | $-23.6M | $-17.5M |
| FCF MarginFCF / Revenue | -14.1% | -14.5% |
| Capex IntensityCapex / Revenue | 2.9% | 13.3% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | — | ||
| Q3 25 | $34.3M | $-1.4M | ||
| Q2 25 | $25.2M | $-4.3M | ||
| Q1 25 | $-51.5M | $26.0M | ||
| Q4 24 | $-247.1M | $15.7M | ||
| Q3 24 | $-269.9M | $37.4M | ||
| Q2 24 | $-8.7M | $34.4M | ||
| Q1 24 | $24.1M | $25.2M |
| Q4 25 | $-23.6M | — | ||
| Q3 25 | $33.7M | $-17.5M | ||
| Q2 25 | $24.7M | $-19.8M | ||
| Q1 25 | $-52.7M | $7.6M | ||
| Q4 24 | $-252.0M | $5.1M | ||
| Q3 24 | $-270.8M | $25.6M | ||
| Q2 24 | $-9.3M | $20.3M | ||
| Q1 24 | $23.3M | $6.5M |
| Q4 25 | -14.1% | — | ||
| Q3 25 | 19.5% | -14.5% | ||
| Q2 25 | 14.1% | -13.0% | ||
| Q1 25 | -30.6% | 5.6% | ||
| Q4 24 | -198.9% | 3.0% | ||
| Q3 24 | -141.4% | 15.3% | ||
| Q2 24 | -4.9% | 13.1% | ||
| Q1 24 | 11.6% | 3.7% |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 0.4% | 13.3% | ||
| Q2 25 | 0.3% | 10.2% | ||
| Q1 25 | 0.7% | 13.7% | ||
| Q4 24 | 3.9% | 6.2% | ||
| Q3 24 | 0.4% | 7.0% | ||
| Q2 24 | 0.3% | 9.1% | ||
| Q1 24 | 0.4% | 10.8% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | -5.38× | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.14× | 6.21× | ||
| Q1 24 | 1.56× | 12.40× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
