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

NETSCOUT SYSTEMS INC is the larger business by last-quarter revenue ($250.7M vs $151.4M, roughly 1.7× James River Group Holdings, Inc.). On growth, NETSCOUT SYSTEMS INC posted the faster year-over-year revenue change (-0.5% vs -12.1%). Over the past eight quarters, NETSCOUT SYSTEMS INC's revenue compounded faster (11.0% CAGR vs -10.3%).

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

NETSCOUT Systems, Inc. is an American technology company that specializes in software observability, deep packet inspection, DDoS mitigation and AIOps. Headquartered in Westford, Massachusetts, the company was founded in 1984 by Anil Singhal and Narendra Popat, originally under the name Frontier Software.

JRVR vs NTCT — Head-to-Head

Bigger by revenue
NTCT
NTCT
1.7× larger
NTCT
$250.7M
$151.4M
JRVR
Growing faster (revenue YoY)
NTCT
NTCT
+11.6% gap
NTCT
-0.5%
-12.1%
JRVR
Faster 2-yr revenue CAGR
NTCT
NTCT
Annualised
NTCT
11.0%
-10.3%
JRVR

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
JRVR
JRVR
NTCT
NTCT
Revenue
$151.4M
$250.7M
Net Profit
$55.1M
Gross Margin
81.6%
Operating Margin
25.7%
Net Margin
22.0%
Revenue YoY
-12.1%
-0.5%
Net Profit YoY
13.0%
EPS (diluted)
$0.75

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
NTCT
NTCT
Q1 26
$151.4M
Q4 25
$167.7M
$250.7M
Q3 25
$172.7M
$219.0M
Q2 25
$174.8M
$186.7M
Q1 25
$172.3M
$205.0M
Q4 24
$126.7M
$252.0M
Q3 24
$191.5M
$191.1M
Q2 24
$188.3M
$174.6M
Net Profit
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
$32.1M
$55.1M
Q3 25
$1.0M
$25.8M
Q2 25
$4.8M
$-3.7M
Q1 25
$9.6M
$18.6M
Q4 24
$-64.8M
$48.8M
Q3 24
$-39.4M
$9.0M
Q2 24
$7.6M
$-443.4M
Gross Margin
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
81.6%
Q3 25
80.1%
Q2 25
76.7%
Q1 25
77.7%
Q4 24
81.5%
Q3 24
78.0%
Q2 24
74.6%
Operating Margin
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
14.6%
25.7%
Q3 25
1.5%
14.8%
Q2 25
4.2%
-3.5%
Q1 25
9.3%
9.7%
Q4 24
-57.0%
24.5%
Q3 24
-27.1%
7.4%
Q2 24
10.7%
-265.4%
Net Margin
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
19.1%
22.0%
Q3 25
0.6%
11.8%
Q2 25
2.7%
-2.0%
Q1 25
5.6%
9.1%
Q4 24
-51.1%
19.4%
Q3 24
-20.6%
4.7%
Q2 24
4.0%
-254.0%
EPS (diluted)
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
$0.59
$0.75
Q3 25
$-0.02
$0.35
Q2 25
$0.06
$-0.05
Q1 25
$0.16
$0.28
Q4 24
$-2.44
$0.67
Q3 24
$-1.10
$0.13
Q2 24
$0.13
$-6.20

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
NTCT
NTCT
Cash + ST InvestmentsLiquidity on hand
$228.2M
$540.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$518.4M
$1.6B
Total Assets
$4.8B
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
NTCT
NTCT
Q1 26
$228.2M
Q4 25
$260.9M
$540.6M
Q3 25
$238.8M
$483.4M
Q2 25
$220.0M
$489.6M
Q1 25
$279.4M
$457.4M
Q4 24
$362.3M
$398.4M
Q3 24
$359.8M
$363.4M
Q2 24
$672.5M
$362.2M
Stockholders' Equity
JRVR
JRVR
NTCT
NTCT
Q1 26
$518.4M
Q4 25
$538.2M
$1.6B
Q3 25
$503.6M
$1.6B
Q2 25
$492.6M
$1.5B
Q1 25
$484.5M
$1.6B
Q4 24
$460.9M
$1.5B
Q3 24
$530.3M
$1.5B
Q2 24
$541.8M
$1.4B
Total Assets
JRVR
JRVR
NTCT
NTCT
Q1 26
$4.8B
Q4 25
$4.9B
$2.3B
Q3 25
$5.0B
$2.2B
Q2 25
$5.0B
$2.2B
Q1 25
$4.9B
$2.2B
Q4 24
$5.0B
$2.2B
Q3 24
$5.0B
$2.1B
Q2 24
$4.7B
$2.1B

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
NTCT
NTCT
Operating Cash FlowLast quarter
$62.1M
Free Cash FlowOCF − Capex
$59.3M
FCF MarginFCF / Revenue
23.6%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$275.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
$-18.8M
$62.1M
Q3 25
$34.3M
$6.7M
Q2 25
$25.2M
$73.6M
Q1 25
$-51.5M
$141.5M
Q4 24
$-247.1M
$41.5M
Q3 24
$-269.9M
$-3.7M
Q2 24
$-8.7M
$38.4M
Free Cash Flow
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
$-23.6M
$59.3M
Q3 25
$33.7M
$4.4M
Q2 25
$24.7M
$71.7M
Q1 25
$-52.7M
$140.1M
Q4 24
$-252.0M
$39.6M
Q3 24
$-270.8M
$-4.6M
Q2 24
$-9.3M
$37.2M
FCF Margin
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
-14.1%
23.6%
Q3 25
19.5%
2.0%
Q2 25
14.1%
38.4%
Q1 25
-30.6%
68.4%
Q4 24
-198.9%
15.7%
Q3 24
-141.4%
-2.4%
Q2 24
-4.9%
21.3%
Capex Intensity
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
2.9%
1.1%
Q3 25
0.4%
1.0%
Q2 25
0.3%
1.0%
Q1 25
0.7%
0.7%
Q4 24
3.9%
0.7%
Q3 24
0.4%
0.5%
Q2 24
0.3%
0.7%
Cash Conversion
JRVR
JRVR
NTCT
NTCT
Q1 26
Q4 25
-0.59×
1.13×
Q3 25
33.61×
0.26×
Q2 25
5.29×
Q1 25
-5.38×
7.60×
Q4 24
0.85×
Q3 24
-0.41×
Q2 24
-1.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JRVR
JRVR

Segment breakdown not available.

NTCT
NTCT

Services$129.0M51%
Products$121.7M49%

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