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

James River Group Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $151.7M, roughly 1.1× Nutex Health, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 7.8%, a 11.3% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -41.1%). Nutex Health, Inc. produced more free cash flow last quarter ($69.0M vs $-23.6M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% 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.

Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.

JRVR vs NUTX — Head-to-Head

Bigger by revenue
JRVR
JRVR
1.1× larger
JRVR
$167.7M
$151.7M
NUTX
Growing faster (revenue YoY)
JRVR
JRVR
+73.5% gap
JRVR
32.4%
-41.1%
NUTX
Higher net margin
JRVR
JRVR
11.3% more per $
JRVR
19.1%
7.8%
NUTX
More free cash flow
NUTX
NUTX
$92.6M more FCF
NUTX
$69.0M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JRVR
JRVR
NUTX
NUTX
Revenue
$167.7M
$151.7M
Net Profit
$32.1M
$11.8M
Gross Margin
30.4%
Operating Margin
14.6%
20.4%
Net Margin
19.1%
7.8%
Revenue YoY
32.4%
-41.1%
Net Profit YoY
149.5%
-80.8%
EPS (diluted)
$0.59
$2.34

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
NUTX
NUTX
Q4 25
$167.7M
$151.7M
Q3 25
$172.7M
$267.8M
Q2 25
$174.8M
$244.0M
Q1 25
$172.3M
$211.8M
Q4 24
$126.7M
$257.6M
Q3 24
$191.5M
$78.8M
Q2 24
$188.3M
$76.1M
Q1 24
$201.1M
$67.5M
Net Profit
JRVR
JRVR
NUTX
NUTX
Q4 25
$32.1M
$11.8M
Q3 25
$1.0M
$55.4M
Q2 25
$4.8M
$-17.7M
Q1 25
$9.6M
$21.2M
Q4 24
$-64.8M
$61.6M
Q3 24
$-39.4M
$-8.8M
Q2 24
$7.6M
$-364.0K
Q1 24
$15.4M
$-364.0K
Gross Margin
JRVR
JRVR
NUTX
NUTX
Q4 25
30.4%
Q3 25
57.8%
Q2 25
51.2%
Q1 25
55.9%
Q4 24
55.0%
Q3 24
27.8%
Q2 24
29.7%
Q1 24
15.1%
Operating Margin
JRVR
JRVR
NUTX
NUTX
Q4 25
14.6%
20.4%
Q3 25
1.5%
48.7%
Q2 25
4.2%
13.8%
Q1 25
9.3%
38.1%
Q4 24
-57.0%
44.4%
Q3 24
-27.1%
12.3%
Q2 24
10.7%
7.0%
Q1 24
16.4%
2.1%
Net Margin
JRVR
JRVR
NUTX
NUTX
Q4 25
19.1%
7.8%
Q3 25
0.6%
20.7%
Q2 25
2.7%
-7.3%
Q1 25
5.6%
10.0%
Q4 24
-51.1%
23.9%
Q3 24
-20.6%
-11.2%
Q2 24
4.0%
-0.5%
Q1 24
7.7%
-0.5%
EPS (diluted)
JRVR
JRVR
NUTX
NUTX
Q4 25
$0.59
$2.34
Q3 25
$-0.02
$7.76
Q2 25
$0.06
$-2.95
Q1 25
$0.16
$3.33
Q4 24
$-2.44
$11.56
Q3 24
$-1.10
$-1.72
Q2 24
$0.13
$-0.07
Q1 24
$0.35
$-0.08

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
NUTX
NUTX
Cash + ST InvestmentsLiquidity on hand
$260.9M
$185.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$538.2M
$329.4M
Total Assets
$4.9B
$918.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
NUTX
NUTX
Q4 25
$260.9M
$185.6M
Q3 25
$238.8M
$166.0M
Q2 25
$220.0M
$96.7M
Q1 25
$279.4M
$84.7M
Q4 24
$362.3M
$40.6M
Q3 24
$359.8M
$46.9M
Q2 24
$672.5M
$40.8M
Q1 24
$305.5M
$30.0M
Stockholders' Equity
JRVR
JRVR
NUTX
NUTX
Q4 25
$538.2M
$329.4M
Q3 25
$503.6M
$317.2M
Q2 25
$492.6M
$235.3M
Q1 25
$484.5M
$176.9M
Q4 24
$460.9M
$132.4M
Q3 24
$530.3M
$60.4M
Q2 24
$541.8M
$62.7M
Q1 24
$539.5M
$63.0M
Total Assets
JRVR
JRVR
NUTX
NUTX
Q4 25
$4.9B
$918.5M
Q3 25
$5.0B
$964.5M
Q2 25
$5.0B
$841.0M
Q1 25
$4.9B
$761.9M
Q4 24
$5.0B
$655.3M
Q3 24
$5.0B
$438.5M
Q2 24
$4.7B
$422.4M
Q1 24
$5.3B
$404.3M

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
NUTX
NUTX
Operating Cash FlowLast quarter
$-18.8M
$70.4M
Free Cash FlowOCF − Capex
$-23.6M
$69.0M
FCF MarginFCF / Revenue
-14.1%
45.5%
Capex IntensityCapex / Revenue
2.9%
0.9%
Cash ConversionOCF / Net Profit
-0.59×
5.95×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M
$245.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
NUTX
NUTX
Q4 25
$-18.8M
$70.4M
Q3 25
$34.3M
$99.5M
Q2 25
$25.2M
$27.3M
Q1 25
$-51.5M
$51.0M
Q4 24
$-247.1M
$54.0K
Q3 24
$-269.9M
$6.8M
Q2 24
$-8.7M
$13.3M
Q1 24
$24.1M
$3.1M
Free Cash Flow
JRVR
JRVR
NUTX
NUTX
Q4 25
$-23.6M
$69.0M
Q3 25
$33.7M
$99.2M
Q2 25
$24.7M
$26.5M
Q1 25
$-52.7M
$50.9M
Q4 24
$-252.0M
$-341.0K
Q3 24
$-270.8M
$6.2M
Q2 24
$-9.3M
$12.7M
Q1 24
$23.3M
$2.3M
FCF Margin
JRVR
JRVR
NUTX
NUTX
Q4 25
-14.1%
45.5%
Q3 25
19.5%
37.0%
Q2 25
14.1%
10.9%
Q1 25
-30.6%
24.0%
Q4 24
-198.9%
-0.1%
Q3 24
-141.4%
7.8%
Q2 24
-4.9%
16.7%
Q1 24
11.6%
3.4%
Capex Intensity
JRVR
JRVR
NUTX
NUTX
Q4 25
2.9%
0.9%
Q3 25
0.4%
0.1%
Q2 25
0.3%
0.3%
Q1 25
0.7%
0.0%
Q4 24
3.9%
0.2%
Q3 24
0.4%
0.8%
Q2 24
0.3%
0.7%
Q1 24
0.4%
1.1%
Cash Conversion
JRVR
JRVR
NUTX
NUTX
Q4 25
-0.59×
5.95×
Q3 25
33.61×
1.80×
Q2 25
5.29×
Q1 25
-5.38×
2.40×
Q4 24
0.00×
Q3 24
Q2 24
-1.14×
Q1 24
1.56×

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%

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

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