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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and UNIVERSAL DISPLAY CORP \PA\ (OLED). 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 $142.2M, roughly 1.2× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 19.1%, a 6.1% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -14.5%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% 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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
JRVR vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $142.2M |
| Net Profit | $32.1M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | 14.6% | 30.1% |
| Net Margin | 19.1% | 25.2% |
| Revenue YoY | 32.4% | -14.5% |
| Net Profit YoY | 149.5% | -44.3% |
| EPS (diluted) | $0.59 | $0.76 |
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.
| Q1 26 | — | $142.2M | ||
| Q4 25 | $167.7M | $172.9M | ||
| Q3 25 | $172.7M | $139.6M | ||
| Q2 25 | $174.8M | $171.8M | ||
| Q1 25 | $172.3M | $166.3M | ||
| Q4 24 | $126.7M | $162.3M | ||
| Q3 24 | $191.5M | $161.6M | ||
| Q2 24 | $188.3M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $32.1M | $66.3M | ||
| Q3 25 | $1.0M | $44.0M | ||
| Q2 25 | $4.8M | $67.3M | ||
| Q1 25 | $9.6M | $64.4M | ||
| Q4 24 | $-64.8M | $46.0M | ||
| Q3 24 | $-39.4M | $66.9M | ||
| Q2 24 | $7.6M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | — | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | — | 77.2% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 14.6% | 38.9% | ||
| Q3 25 | 1.5% | 30.9% | ||
| Q2 25 | 4.2% | 39.9% | ||
| Q1 25 | 9.3% | 41.9% | ||
| Q4 24 | -57.0% | 32.3% | ||
| Q3 24 | -27.1% | 41.5% | ||
| Q2 24 | 10.7% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 19.1% | 38.4% | ||
| Q3 25 | 0.6% | 31.5% | ||
| Q2 25 | 2.7% | 39.2% | ||
| Q1 25 | 5.6% | 38.8% | ||
| Q4 24 | -51.1% | 28.4% | ||
| Q3 24 | -20.6% | 41.4% | ||
| Q2 24 | 4.0% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.59 | $1.40 | ||
| Q3 25 | $-0.02 | $0.92 | ||
| Q2 25 | $0.06 | $1.41 | ||
| Q1 25 | $0.16 | $1.35 | ||
| Q4 24 | $-2.44 | $0.96 | ||
| Q3 24 | $-1.10 | $1.40 | ||
| Q2 24 | $0.13 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $538.2M | — |
| Total Assets | $4.9B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $260.9M | $602.4M | ||
| Q3 25 | $238.8M | $603.0M | ||
| Q2 25 | $220.0M | $525.2M | ||
| Q1 25 | $279.4M | $571.3M | ||
| Q4 24 | $362.3M | $492.7M | ||
| Q3 24 | $359.8M | $551.6M | ||
| Q2 24 | $672.5M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $538.2M | $1.8B | ||
| Q3 25 | $503.6M | $1.7B | ||
| Q2 25 | $492.6M | $1.7B | ||
| Q1 25 | $484.5M | $1.7B | ||
| Q4 24 | $460.9M | $1.6B | ||
| Q3 24 | $530.3M | $1.6B | ||
| Q2 24 | $541.8M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $4.9B | $2.0B | ||
| Q3 25 | $5.0B | $1.9B | ||
| Q2 25 | $5.0B | $1.9B | ||
| Q1 25 | $4.9B | $1.9B | ||
| Q4 24 | $5.0B | $1.8B | ||
| Q3 24 | $5.0B | $1.8B | ||
| Q2 24 | $4.7B | $1.8B |
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 | $108.9M |
| Free Cash FlowOCF − Capex | $-23.6M | — |
| FCF MarginFCF / Revenue | -14.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | -0.59× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $-18.8M | $31.1M | ||
| Q3 25 | $34.3M | $97.2M | ||
| Q2 25 | $25.2M | $51.9M | ||
| Q1 25 | $-51.5M | $30.6M | ||
| Q4 24 | $-247.1M | $34.7M | ||
| Q3 24 | $-269.9M | $79.9M | ||
| Q2 24 | $-8.7M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.6M | $15.1M | ||
| Q3 25 | $33.7M | $84.3M | ||
| Q2 25 | $24.7M | $37.5M | ||
| Q1 25 | $-52.7M | $17.5M | ||
| Q4 24 | $-252.0M | $22.0M | ||
| Q3 24 | $-270.8M | $66.2M | ||
| Q2 24 | $-9.3M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | -14.1% | 8.7% | ||
| Q3 25 | 19.5% | 60.4% | ||
| Q2 25 | 14.1% | 21.8% | ||
| Q1 25 | -30.6% | 10.5% | ||
| Q4 24 | -198.9% | 13.6% | ||
| Q3 24 | -141.4% | 41.0% | ||
| Q2 24 | -4.9% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 9.3% | ||
| Q3 25 | 0.4% | 9.2% | ||
| Q2 25 | 0.3% | 8.4% | ||
| Q1 25 | 0.7% | 7.9% | ||
| Q4 24 | 3.9% | 7.8% | ||
| Q3 24 | 0.4% | 8.4% | ||
| Q2 24 | 0.3% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | -0.59× | 0.47× | ||
| Q3 25 | 33.61× | 2.21× | ||
| Q2 25 | 5.29× | 0.77× | ||
| Q1 25 | -5.38× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | -1.14× | 1.28× |
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% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
