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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $167.7M, roughly 1.4× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 5.0%, a 14.1% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 11.5%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $-23.6M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd'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.
JRVR vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $242.1M |
| Net Profit | $32.1M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 14.6% | 6.8% |
| Net Margin | 19.1% | 5.0% |
| Revenue YoY | 32.4% | 11.5% |
| Net Profit YoY | 149.5% | -16.2% |
| EPS (diluted) | $0.59 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $172.7M | $258.5M | ||
| Q2 25 | $174.8M | $240.7M | ||
| Q1 25 | $172.3M | $219.6M | ||
| Q4 24 | $126.7M | $217.2M | ||
| Q3 24 | $191.5M | $241.7M | ||
| Q2 24 | $188.3M | $224.9M | ||
| Q1 24 | $201.1M | $211.2M |
| Q4 25 | $32.1M | $12.1M | ||
| Q3 25 | $1.0M | $24.3M | ||
| Q2 25 | $4.8M | $19.9M | ||
| Q1 25 | $9.6M | $15.3M | ||
| Q4 24 | $-64.8M | $14.4M | ||
| Q3 24 | $-39.4M | $21.6M | ||
| Q2 24 | $7.6M | $15.8M | ||
| Q1 24 | $15.4M | $21.2M |
| Q4 25 | 14.6% | 6.8% | ||
| Q3 25 | 1.5% | 10.2% | ||
| Q2 25 | 4.2% | 9.2% | ||
| Q1 25 | 9.3% | 7.7% | ||
| Q4 24 | -57.0% | 7.9% | ||
| Q3 24 | -27.1% | 10.3% | ||
| Q2 24 | 10.7% | 8.4% | ||
| Q1 24 | 16.4% | 8.0% |
| Q4 25 | 19.1% | 5.0% | ||
| Q3 25 | 0.6% | 9.4% | ||
| Q2 25 | 2.7% | 8.3% | ||
| Q1 25 | 5.6% | 7.0% | ||
| Q4 24 | -51.1% | 6.6% | ||
| Q3 24 | -20.6% | 8.9% | ||
| Q2 24 | 4.0% | 7.0% | ||
| Q1 24 | 7.7% | 10.0% |
| Q4 25 | $0.59 | $0.12 | ||
| Q3 25 | $-0.02 | $0.23 | ||
| Q2 25 | $0.06 | $0.19 | ||
| Q1 25 | $0.16 | $0.15 | ||
| Q4 24 | $-2.44 | $0.13 | ||
| Q3 24 | $-1.10 | $0.20 | ||
| Q2 24 | $0.13 | $0.15 | ||
| Q1 24 | $0.35 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $538.2M | $542.6M |
| Total Assets | $4.9B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $16.3M | ||
| Q3 25 | $238.8M | $29.6M | ||
| Q2 25 | $220.0M | $35.0M | ||
| Q1 25 | $279.4M | $22.6M | ||
| Q4 24 | $362.3M | $57.4M | ||
| Q3 24 | $359.8M | $48.8M | ||
| Q2 24 | $672.5M | $62.5M | ||
| Q1 24 | $305.5M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $538.2M | $542.6M | ||
| Q3 25 | $503.6M | $552.8M | ||
| Q2 25 | $492.6M | $548.3M | ||
| Q1 25 | $484.5M | $530.6M | ||
| Q4 24 | $460.9M | $554.5M | ||
| Q3 24 | $530.3M | $540.1M | ||
| Q2 24 | $541.8M | $532.7M | ||
| Q1 24 | $539.5M | $515.5M |
| Q4 25 | $4.9B | $707.1M | ||
| Q3 25 | $5.0B | $732.6M | ||
| Q2 25 | $5.0B | $731.8M | ||
| Q1 25 | $4.9B | $708.7M | ||
| Q4 24 | $5.0B | $746.4M | ||
| Q3 24 | $5.0B | $734.0M | ||
| Q2 24 | $4.7B | $756.8M | ||
| Q1 24 | $5.3B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $-23.6M | $14.9M |
| FCF MarginFCF / Revenue | -14.1% | 6.2% |
| Capex IntensityCapex / Revenue | 2.9% | 2.1% |
| Cash ConversionOCF / Net Profit | -0.59× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $20.0M | ||
| Q3 25 | $34.3M | $33.2M | ||
| Q2 25 | $25.2M | $20.3M | ||
| Q1 25 | $-51.5M | $10.1M | ||
| Q4 24 | $-247.1M | $16.6M | ||
| Q3 24 | $-269.9M | $28.6M | ||
| Q2 24 | $-8.7M | $18.7M | ||
| Q1 24 | $24.1M | $15.0M |
| Q4 25 | $-23.6M | $14.9M | ||
| Q3 25 | $33.7M | $27.6M | ||
| Q2 25 | $24.7M | $17.6M | ||
| Q1 25 | $-52.7M | $8.4M | ||
| Q4 24 | $-252.0M | $13.2M | ||
| Q3 24 | $-270.8M | $27.5M | ||
| Q2 24 | $-9.3M | $17.6M | ||
| Q1 24 | $23.3M | $13.7M |
| Q4 25 | -14.1% | 6.2% | ||
| Q3 25 | 19.5% | 10.7% | ||
| Q2 25 | 14.1% | 7.3% | ||
| Q1 25 | -30.6% | 3.8% | ||
| Q4 24 | -198.9% | 6.1% | ||
| Q3 24 | -141.4% | 11.4% | ||
| Q2 24 | -4.9% | 7.8% | ||
| Q1 24 | 11.6% | 6.5% |
| Q4 25 | 2.9% | 2.1% | ||
| Q3 25 | 0.4% | 2.2% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.7% | 0.8% | ||
| Q4 24 | 3.9% | 1.5% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.3% | 0.5% | ||
| Q1 24 | 0.4% | 0.6% |
| Q4 25 | -0.59× | 1.65× | ||
| Q3 25 | 33.61× | 1.36× | ||
| Q2 25 | 5.29× | 1.02× | ||
| Q1 25 | -5.38× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | -1.14× | 1.19× | ||
| Q1 24 | 1.56× | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
