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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $167.7M, roughly 1.9× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -259.7%, a 278.8% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -7.0%). James River Group Holdings, Inc. produced more free cash flow last quarter ($-23.6M vs $-134.8M). Over the past eight quarters, James River Group Holdings, Inc.'s revenue compounded faster (-8.7% CAGR vs -26.8%).
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
JRVR vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $326.2M |
| Net Profit | $32.1M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 14.6% | -193.0% |
| Net Margin | 19.1% | -259.7% |
| Revenue YoY | 32.4% | -7.0% |
| Net Profit YoY | 149.5% | -277.4% |
| EPS (diluted) | $0.59 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $172.7M | $240.3M | ||
| Q2 25 | $174.8M | $228.1M | ||
| Q1 25 | $172.3M | $384.9M | ||
| Q4 24 | $126.7M | $350.7M | ||
| Q3 24 | $191.5M | $446.0M | ||
| Q2 24 | $188.3M | $291.2M | ||
| Q1 24 | $201.1M | $609.5M |
| Q4 25 | $32.1M | $-847.1M | ||
| Q3 25 | $1.0M | $-263.0M | ||
| Q2 25 | $4.8M | $-546.5M | ||
| Q1 25 | $9.6M | $-175.4M | ||
| Q4 24 | $-64.8M | $-224.4M | ||
| Q3 24 | $-39.4M | $9.3M | ||
| Q2 24 | $7.6M | $-88.9M | ||
| Q1 24 | $15.4M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | 14.6% | -193.0% | ||
| Q3 25 | 1.5% | -37.4% | ||
| Q2 25 | 4.2% | -170.3% | ||
| Q1 25 | 9.3% | -3.3% | ||
| Q4 24 | -57.0% | 65.0% | ||
| Q3 24 | -27.1% | 17.8% | ||
| Q2 24 | 10.7% | 12.3% | ||
| Q1 24 | 16.4% | 30.4% |
| Q4 25 | 19.1% | -259.7% | ||
| Q3 25 | 0.6% | -109.4% | ||
| Q2 25 | 2.7% | -239.6% | ||
| Q1 25 | 5.6% | -45.6% | ||
| Q4 24 | -51.1% | -64.0% | ||
| Q3 24 | -20.6% | 2.1% | ||
| Q2 24 | 4.0% | -30.5% | ||
| Q1 24 | 7.7% | 8.9% |
| Q4 25 | $0.59 | $-3.03 | ||
| Q3 25 | $-0.02 | $-0.96 | ||
| Q2 25 | $0.06 | $-1.99 | ||
| Q1 25 | $0.16 | $-0.65 | ||
| Q4 24 | $-2.44 | $-1.10 | ||
| Q3 24 | $-1.10 | $0.03 | ||
| Q2 24 | $0.13 | $-0.42 | ||
| Q1 24 | $0.35 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $538.2M | $182.6M |
| Total Assets | $4.9B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $226.5M | ||
| Q3 25 | $238.8M | $145.2M | ||
| Q2 25 | $220.0M | $551.1M | ||
| Q1 25 | $279.4M | $447.9M | ||
| Q4 24 | $362.3M | $492.9M | ||
| Q3 24 | $359.8M | $90.8M | ||
| Q2 24 | $672.5M | $133.0M | ||
| Q1 24 | $305.5M | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $538.2M | $182.6M | ||
| Q3 25 | $503.6M | $1.1B | ||
| Q2 25 | $492.6M | $1.3B | ||
| Q1 25 | $484.5M | $1.8B | ||
| Q4 24 | $460.9M | $1.9B | ||
| Q3 24 | $530.3M | $1.6B | ||
| Q2 24 | $541.8M | $1.6B | ||
| Q1 24 | $539.5M | $1.7B |
| Q4 25 | $4.9B | $10.6B | ||
| Q3 25 | $5.0B | $12.0B | ||
| Q2 25 | $5.0B | $12.0B | ||
| Q1 25 | $4.9B | $13.1B | ||
| Q4 24 | $5.0B | $12.9B | ||
| Q3 24 | $5.0B | $12.0B | ||
| Q2 24 | $4.7B | $11.4B | ||
| Q1 24 | $5.3B | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| 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 | $-76.2M |
| Free Cash FlowOCF − Capex | $-23.6M | $-134.8M |
| FCF MarginFCF / Revenue | -14.1% | -41.3% |
| Capex IntensityCapex / Revenue | 2.9% | 18.0% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $-76.2M | ||
| Q3 25 | $34.3M | $-171.0M | ||
| Q2 25 | $25.2M | $-329.0M | ||
| Q1 25 | $-51.5M | $-7.2M | ||
| Q4 24 | $-247.1M | $445.3M | ||
| Q3 24 | $-269.9M | $-20.0M | ||
| Q2 24 | $-8.7M | $113.9M | ||
| Q1 24 | $24.1M | $63.0M |
| Q4 25 | $-23.6M | $-134.8M | ||
| Q3 25 | $33.7M | $-231.6M | ||
| Q2 25 | $24.7M | $-726.7M | ||
| Q1 25 | $-52.7M | $-262.3M | ||
| Q4 24 | $-252.0M | $-210.3M | ||
| Q3 24 | $-270.8M | $-367.0M | ||
| Q2 24 | $-9.3M | $-493.2M | ||
| Q1 24 | $23.3M | $-457.9M |
| Q4 25 | -14.1% | -41.3% | ||
| Q3 25 | 19.5% | -96.4% | ||
| Q2 25 | 14.1% | -318.6% | ||
| Q1 25 | -30.6% | -68.2% | ||
| Q4 24 | -198.9% | -60.0% | ||
| Q3 24 | -141.4% | -82.3% | ||
| Q2 24 | -4.9% | -169.3% | ||
| Q1 24 | 11.6% | -75.1% |
| Q4 25 | 2.9% | 18.0% | ||
| Q3 25 | 0.4% | 25.2% | ||
| Q2 25 | 0.3% | 174.4% | ||
| Q1 25 | 0.7% | 66.3% | ||
| Q4 24 | 3.9% | 187.0% | ||
| Q3 24 | 0.4% | 77.8% | ||
| Q2 24 | 0.3% | 208.4% | ||
| Q1 24 | 0.4% | 85.5% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | -5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.15× | ||
| Q2 24 | -1.14× | — | ||
| Q1 24 | 1.56× | 1.16× |
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% |
NFE
Segment breakdown not available.
