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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $167.7M, roughly 1.1× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 2.1%, a 17.0% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-23.6M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -8.7%).
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
JRVR vs MG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $181.5M |
| Net Profit | $32.1M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | 14.6% | 7.0% |
| Net Margin | 19.1% | 2.1% |
| Revenue YoY | 32.4% | 5.1% |
| Net Profit YoY | 149.5% | -27.4% |
| EPS (diluted) | $0.59 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $172.7M | $195.5M | ||
| Q2 25 | $174.8M | $185.4M | ||
| Q1 25 | $172.3M | $161.6M | ||
| Q4 24 | $126.7M | $172.7M | ||
| Q3 24 | $191.5M | $182.7M | ||
| Q2 24 | $188.3M | $189.8M | ||
| Q1 24 | $201.1M | $184.4M |
| Q4 25 | $32.1M | $3.8M | ||
| Q3 25 | $1.0M | $13.1M | ||
| Q2 25 | $4.8M | $3.0M | ||
| Q1 25 | $9.6M | $-3.2M | ||
| Q4 24 | $-64.8M | $5.2M | ||
| Q3 24 | $-39.4M | $6.4M | ||
| Q2 24 | $7.6M | $6.4M | ||
| Q1 24 | $15.4M | $995.0K |
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 25.0% |
| Q4 25 | 14.6% | 7.0% | ||
| Q3 25 | 1.5% | 10.4% | ||
| Q2 25 | 4.2% | 4.5% | ||
| Q1 25 | 9.3% | -0.6% | ||
| Q4 24 | -57.0% | 6.1% | ||
| Q3 24 | -27.1% | 6.5% | ||
| Q2 24 | 10.7% | 6.3% | ||
| Q1 24 | 16.4% | 3.0% |
| Q4 25 | 19.1% | 2.1% | ||
| Q3 25 | 0.6% | 6.7% | ||
| Q2 25 | 2.7% | 1.6% | ||
| Q1 25 | 5.6% | -2.0% | ||
| Q4 24 | -51.1% | 3.0% | ||
| Q3 24 | -20.6% | 3.5% | ||
| Q2 24 | 4.0% | 3.4% | ||
| Q1 24 | 7.7% | 0.5% |
| Q4 25 | $0.59 | $0.12 | ||
| Q3 25 | $-0.02 | $0.41 | ||
| Q2 25 | $0.06 | $0.10 | ||
| Q1 25 | $0.16 | $-0.10 | ||
| Q4 24 | $-2.44 | $0.17 | ||
| Q3 24 | $-1.10 | $0.20 | ||
| Q2 24 | $0.13 | $0.20 | ||
| Q1 24 | $0.35 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | — | $178.0M |
| Stockholders' EquityBook value | $538.2M | $235.1M |
| Total Assets | $4.9B | $578.8M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $28.0M | ||
| Q3 25 | $238.8M | $27.8M | ||
| Q2 25 | $220.0M | $20.0M | ||
| Q1 25 | $279.4M | $18.5M | ||
| Q4 24 | $362.3M | $18.3M | ||
| Q3 24 | $359.8M | $20.4M | ||
| Q2 24 | $672.5M | $17.2M | ||
| Q1 24 | $305.5M | $16.9M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $202.3M | ||
| Q2 25 | — | $189.4M | ||
| Q1 25 | — | $171.9M | ||
| Q4 24 | — | $169.6M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $199.7M | ||
| Q1 24 | — | $198.4M |
| Q4 25 | $538.2M | $235.1M | ||
| Q3 25 | $503.6M | $227.4M | ||
| Q2 25 | $492.6M | $215.8M | ||
| Q1 25 | $484.5M | $198.7M | ||
| Q4 24 | $460.9M | $198.6M | ||
| Q3 24 | $530.3M | $205.2M | ||
| Q2 24 | $541.8M | $193.2M | ||
| Q1 24 | $539.5M | $187.1M |
| Q4 25 | $4.9B | $578.8M | ||
| Q3 25 | $5.0B | $596.3M | ||
| Q2 25 | $5.0B | $571.0M | ||
| Q1 25 | $4.9B | $526.8M | ||
| Q4 24 | $5.0B | $523.0M | ||
| Q3 24 | $5.0B | $551.7M | ||
| Q2 24 | $4.7B | $548.1M | ||
| Q1 24 | $5.3B | $542.1M |
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | $-23.6M | $26.0M |
| FCF MarginFCF / Revenue | -14.1% | 14.3% |
| Capex IntensityCapex / Revenue | 2.9% | 3.4% |
| Cash ConversionOCF / Net Profit | -0.59× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $32.1M | ||
| Q3 25 | $34.3M | $4.5M | ||
| Q2 25 | $25.2M | $-9.3M | ||
| Q1 25 | $-51.5M | $5.6M | ||
| Q4 24 | $-247.1M | $25.7M | ||
| Q3 24 | $-269.9M | $19.4M | ||
| Q2 24 | $-8.7M | $4.5M | ||
| Q1 24 | $24.1M | $604.0K |
| Q4 25 | $-23.6M | $26.0M | ||
| Q3 25 | $33.7M | $-4.1M | ||
| Q2 25 | $24.7M | $-14.7M | ||
| Q1 25 | $-52.7M | $1.1M | ||
| Q4 24 | $-252.0M | $22.1M | ||
| Q3 24 | $-270.8M | $14.6M | ||
| Q2 24 | $-9.3M | $-284.0K | ||
| Q1 24 | $23.3M | $-4.2M |
| Q4 25 | -14.1% | 14.3% | ||
| Q3 25 | 19.5% | -2.1% | ||
| Q2 25 | 14.1% | -7.9% | ||
| Q1 25 | -30.6% | 0.7% | ||
| Q4 24 | -198.9% | 12.8% | ||
| Q3 24 | -141.4% | 8.0% | ||
| Q2 24 | -4.9% | -0.1% | ||
| Q1 24 | 11.6% | -2.3% |
| Q4 25 | 2.9% | 3.4% | ||
| Q3 25 | 0.4% | 4.4% | ||
| Q2 25 | 0.3% | 2.9% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | 3.9% | 2.1% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.3% | 2.5% | ||
| Q1 24 | 0.4% | 2.6% |
| Q4 25 | -0.59× | 8.55× | ||
| Q3 25 | 33.61× | 0.34× | ||
| Q2 25 | 5.29× | -3.07× | ||
| Q1 25 | -5.38× | — | ||
| Q4 24 | — | 4.96× | ||
| Q3 24 | — | 3.02× | ||
| Q2 24 | -1.14× | 0.71× | ||
| Q1 24 | 1.56× | 0.61× |
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% |
MG
Segment breakdown not available.
