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

Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $167.7M, roughly 1.8× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -10.8%, a 30.0% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 14.3%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% 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.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

JRVR vs NPO — Head-to-Head

Bigger by revenue
NPO
NPO
1.8× larger
NPO
$295.4M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+18.1% gap
JRVR
32.4%
14.3%
NPO
Higher net margin
JRVR
JRVR
30.0% more per $
JRVR
19.1%
-10.8%
NPO
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JRVR
JRVR
NPO
NPO
Revenue
$167.7M
$295.4M
Net Profit
$32.1M
$-32.0M
Gross Margin
42.1%
Operating Margin
14.6%
11.2%
Net Margin
19.1%
-10.8%
Revenue YoY
32.4%
14.3%
Net Profit YoY
149.5%
-330.2%
EPS (diluted)
$0.59
$-1.50

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
NPO
NPO
Q4 25
$167.7M
$295.4M
Q3 25
$172.7M
$286.6M
Q2 25
$174.8M
$288.1M
Q1 25
$172.3M
$273.2M
Q4 24
$126.7M
$258.4M
Q3 24
$191.5M
$260.9M
Q2 24
$188.3M
$271.9M
Q1 24
$201.1M
$257.5M
Net Profit
JRVR
JRVR
NPO
NPO
Q4 25
$32.1M
$-32.0M
Q3 25
$1.0M
$21.6M
Q2 25
$4.8M
$26.4M
Q1 25
$9.6M
$24.5M
Q4 24
$-64.8M
$13.9M
Q3 24
$-39.4M
$19.8M
Q2 24
$7.6M
$26.7M
Q1 24
$15.4M
$12.5M
Gross Margin
JRVR
JRVR
NPO
NPO
Q4 25
42.1%
Q3 25
41.9%
Q2 25
43.3%
Q1 25
43.3%
Q4 24
42.3%
Q3 24
42.3%
Q2 24
43.8%
Q1 24
41.2%
Operating Margin
JRVR
JRVR
NPO
NPO
Q4 25
14.6%
11.2%
Q3 25
1.5%
14.3%
Q2 25
4.2%
15.9%
Q1 25
9.3%
15.3%
Q4 24
-57.0%
12.5%
Q3 24
-27.1%
13.1%
Q2 24
10.7%
17.7%
Q1 24
16.4%
10.9%
Net Margin
JRVR
JRVR
NPO
NPO
Q4 25
19.1%
-10.8%
Q3 25
0.6%
7.5%
Q2 25
2.7%
9.2%
Q1 25
5.6%
9.0%
Q4 24
-51.1%
5.4%
Q3 24
-20.6%
7.6%
Q2 24
4.0%
9.8%
Q1 24
7.7%
4.9%
EPS (diluted)
JRVR
JRVR
NPO
NPO
Q4 25
$0.59
$-1.50
Q3 25
$-0.02
$1.01
Q2 25
$0.06
$1.25
Q1 25
$0.16
$1.15
Q4 24
$-2.44
$0.65
Q3 24
$-1.10
$0.94
Q2 24
$0.13
$1.27
Q1 24
$0.35
$0.59

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$260.9M
$114.7M
Total DebtLower is stronger
$655.3M
Stockholders' EquityBook value
$538.2M
$1.5B
Total Assets
$4.9B
$2.7B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
NPO
NPO
Q4 25
$260.9M
$114.7M
Q3 25
$238.8M
$132.9M
Q2 25
$220.0M
$107.1M
Q1 25
$279.4M
$240.3M
Q4 24
$362.3M
$236.3M
Q3 24
$359.8M
$206.9M
Q2 24
$672.5M
$175.9M
Q1 24
$305.5M
$163.9M
Total Debt
JRVR
JRVR
NPO
NPO
Q4 25
$655.3M
Q3 25
Q2 25
Q1 25
Q4 24
$640.1M
Q3 24
Q2 24
Q1 24
$644.9M
Stockholders' Equity
JRVR
JRVR
NPO
NPO
Q4 25
$538.2M
$1.5B
Q3 25
$503.6M
$1.5B
Q2 25
$492.6M
$1.5B
Q1 25
$484.5M
$1.5B
Q4 24
$460.9M
$1.4B
Q3 24
$530.3M
$1.5B
Q2 24
$541.8M
$1.4B
Q1 24
$539.5M
$1.4B
Total Assets
JRVR
JRVR
NPO
NPO
Q4 25
$4.9B
$2.7B
Q3 25
$5.0B
$2.4B
Q2 25
$5.0B
$2.4B
Q1 25
$4.9B
$2.5B
Q4 24
$5.0B
$2.5B
Q3 24
$5.0B
$2.5B
Q2 24
$4.7B
$2.5B
Q1 24
$5.3B
$2.5B
Debt / Equity
JRVR
JRVR
NPO
NPO
Q4 25
0.42×
Q3 25
Q2 25
Q1 25
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.46×

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
NPO
NPO
Operating Cash FlowLast quarter
$-18.8M
Free Cash FlowOCF − Capex
$-23.6M
FCF MarginFCF / Revenue
-14.1%
Capex IntensityCapex / Revenue
2.9%
4.1%
Cash ConversionOCF / Net Profit
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
NPO
NPO
Q4 25
$-18.8M
Q3 25
$34.3M
$65.3M
Q2 25
$25.2M
$52.2M
Q1 25
$-51.5M
$21.0M
Q4 24
$-247.1M
$59.4M
Q3 24
$-269.9M
$54.0M
Q2 24
$-8.7M
$43.2M
Q1 24
$24.1M
$6.3M
Free Cash Flow
JRVR
JRVR
NPO
NPO
Q4 25
$-23.6M
Q3 25
$33.7M
$53.4M
Q2 25
$24.7M
$42.3M
Q1 25
$-52.7M
$13.0M
Q4 24
$-252.0M
$49.1M
Q3 24
$-270.8M
$48.3M
Q2 24
$-9.3M
$38.3M
Q1 24
$23.3M
$-1.9M
FCF Margin
JRVR
JRVR
NPO
NPO
Q4 25
-14.1%
Q3 25
19.5%
18.6%
Q2 25
14.1%
14.7%
Q1 25
-30.6%
4.8%
Q4 24
-198.9%
19.0%
Q3 24
-141.4%
18.5%
Q2 24
-4.9%
14.1%
Q1 24
11.6%
-0.7%
Capex Intensity
JRVR
JRVR
NPO
NPO
Q4 25
2.9%
4.1%
Q3 25
0.4%
4.2%
Q2 25
0.3%
3.4%
Q1 25
0.7%
2.9%
Q4 24
3.9%
4.0%
Q3 24
0.4%
2.2%
Q2 24
0.3%
1.8%
Q1 24
0.4%
3.2%
Cash Conversion
JRVR
JRVR
NPO
NPO
Q4 25
-0.59×
Q3 25
33.61×
3.02×
Q2 25
5.29×
1.98×
Q1 25
-5.38×
0.86×
Q4 24
4.27×
Q3 24
2.73×
Q2 24
-1.14×
1.62×
Q1 24
1.56×
0.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JRVR
JRVR

Excess And Surplus Lines$156.7M93%
Specialty Admitted Insurance$10.9M7%

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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