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

Millrose Properties, Inc. is the larger business by last-quarter revenue ($194.9M vs $151.4M, roughly 1.3× James River Group Holdings, Inc.). On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs -12.1%).

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

Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.

JRVR vs MRP — Head-to-Head

Bigger by revenue
MRP
MRP
1.3× larger
MRP
$194.9M
$151.4M
JRVR
Growing faster (revenue YoY)
MRP
MRP
+147.8% gap
MRP
135.7%
-12.1%
JRVR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
JRVR
JRVR
MRP
MRP
Revenue
$151.4M
$194.9M
Net Profit
$122.9M
Gross Margin
Operating Margin
85.2%
Net Margin
63.0%
Revenue YoY
-12.1%
135.7%
Net Profit YoY
208.7%
EPS (diluted)
$0.74

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
MRP
MRP
Q1 26
$151.4M
$194.9M
Q4 25
$167.7M
$189.5M
Q3 25
$172.7M
$179.3M
Q2 25
$174.8M
$149.0M
Q1 25
$172.3M
$82.7M
Q4 24
$126.7M
Q3 24
$191.5M
Q2 24
$188.3M
Net Profit
JRVR
JRVR
MRP
MRP
Q1 26
$122.9M
Q4 25
$32.1M
$122.2M
Q3 25
$1.0M
$105.1M
Q2 25
$4.8M
$112.8M
Q1 25
$9.6M
$39.8M
Q4 24
$-64.8M
Q3 24
$-39.4M
Q2 24
$7.6M
Operating Margin
JRVR
JRVR
MRP
MRP
Q1 26
85.2%
Q4 25
14.6%
84.8%
Q3 25
1.5%
85.3%
Q2 25
4.2%
85.1%
Q1 25
9.3%
55.2%
Q4 24
-57.0%
Q3 24
-27.1%
Q2 24
10.7%
Net Margin
JRVR
JRVR
MRP
MRP
Q1 26
63.0%
Q4 25
19.1%
64.5%
Q3 25
0.6%
58.6%
Q2 25
2.7%
75.7%
Q1 25
5.6%
48.1%
Q4 24
-51.1%
Q3 24
-20.6%
Q2 24
4.0%
EPS (diluted)
JRVR
JRVR
MRP
MRP
Q1 26
$0.74
Q4 25
$0.59
$0.74
Q3 25
$-0.02
$0.63
Q2 25
$0.06
$0.68
Q1 25
$0.16
$0.39
Q4 24
$-2.44
Q3 24
$-1.10
Q2 24
$0.13

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
MRP
MRP
Cash + ST InvestmentsLiquidity on hand
$228.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$518.4M
$5.9B
Total Assets
$4.8B
$9.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
MRP
MRP
Q1 26
$228.2M
Q4 25
$260.9M
$35.0M
Q3 25
$238.8M
$242.6M
Q2 25
$220.0M
$66.6M
Q1 25
$279.4M
$89.5M
Q4 24
$362.3M
Q3 24
$359.8M
Q2 24
$672.5M
Stockholders' Equity
JRVR
JRVR
MRP
MRP
Q1 26
$518.4M
$5.9B
Q4 25
$538.2M
$5.9B
Q3 25
$503.6M
$5.9B
Q2 25
$492.6M
$5.9B
Q1 25
$484.5M
$5.9B
Q4 24
$460.9M
Q3 24
$530.3M
Q2 24
$541.8M
Total Assets
JRVR
JRVR
MRP
MRP
Q1 26
$4.8B
$9.6B
Q4 25
$4.9B
$9.3B
Q3 25
$5.0B
$9.0B
Q2 25
$5.0B
$8.0B
Q1 25
$4.9B
$7.2B
Q4 24
$5.0B
Q3 24
$5.0B
Q2 24
$4.7B

Financial Flow Comparison

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

Revenue Breakdown by Segment

JRVR
JRVR

Segment breakdown not available.

MRP
MRP

Option fee revenues$185.3M95%
Development loan income$9.6M5%

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