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

Pacira BioSciences, Inc. is the larger business by last-quarter revenue ($177.4M vs $167.7M, roughly 1.1× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 1.6%, a 17.5% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 5.0%). Over the past eight quarters, Pacira BioSciences, Inc.'s revenue compounded faster (-0.2% 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.

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

JRVR vs PCRX — Head-to-Head

Bigger by revenue
PCRX
PCRX
1.1× larger
PCRX
$177.4M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+27.4% gap
JRVR
32.4%
5.0%
PCRX
Higher net margin
JRVR
JRVR
17.5% more per $
JRVR
19.1%
1.6%
PCRX
Faster 2-yr revenue CAGR
PCRX
PCRX
Annualised
PCRX
-0.2%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
JRVR
JRVR
PCRX
PCRX
Revenue
$167.7M
$177.4M
Net Profit
$32.1M
$2.9M
Gross Margin
Operating Margin
14.6%
3.9%
Net Margin
19.1%
1.6%
Revenue YoY
32.4%
5.0%
Net Profit YoY
149.5%
EPS (diluted)
$0.59
$0.07

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
PCRX
PCRX
Q1 26
$177.4M
Q4 25
$167.7M
$196.9M
Q3 25
$172.7M
$179.5M
Q2 25
$174.8M
$181.1M
Q1 25
$172.3M
$168.9M
Q4 24
$126.7M
$187.3M
Q3 24
$191.5M
$168.6M
Q2 24
$188.3M
$178.0M
Net Profit
JRVR
JRVR
PCRX
PCRX
Q1 26
$2.9M
Q4 25
$32.1M
Q3 25
$1.0M
$5.4M
Q2 25
$4.8M
$-4.8M
Q1 25
$9.6M
$4.8M
Q4 24
$-64.8M
Q3 24
$-39.4M
$-143.5M
Q2 24
$7.6M
$18.9M
Gross Margin
JRVR
JRVR
PCRX
PCRX
Q1 26
Q4 25
79.5%
Q3 25
80.9%
Q2 25
77.4%
Q1 25
79.7%
Q4 24
78.7%
Q3 24
76.9%
Q2 24
75.1%
Operating Margin
JRVR
JRVR
PCRX
PCRX
Q1 26
3.9%
Q4 25
14.6%
1.2%
Q3 25
1.5%
3.5%
Q2 25
4.2%
4.7%
Q1 25
9.3%
1.2%
Q4 24
-57.0%
13.2%
Q3 24
-27.1%
-82.8%
Q2 24
10.7%
15.9%
Net Margin
JRVR
JRVR
PCRX
PCRX
Q1 26
1.6%
Q4 25
19.1%
Q3 25
0.6%
3.0%
Q2 25
2.7%
-2.7%
Q1 25
5.6%
2.8%
Q4 24
-51.1%
Q3 24
-20.6%
-85.1%
Q2 24
4.0%
10.6%
EPS (diluted)
JRVR
JRVR
PCRX
PCRX
Q1 26
$0.07
Q4 25
$0.59
$0.05
Q3 25
$-0.02
$0.12
Q2 25
$0.06
$-0.11
Q1 25
$0.16
$0.10
Q4 24
$-2.44
$0.38
Q3 24
$-1.10
$-3.11
Q2 24
$0.13
$0.39

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
PCRX
PCRX
Cash + ST InvestmentsLiquidity on hand
$260.9M
$144.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$538.2M
$653.9M
Total Assets
$4.9B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
PCRX
PCRX
Q1 26
$144.3M
Q4 25
$260.9M
$238.4M
Q3 25
$238.8M
$246.3M
Q2 25
$220.0M
$445.9M
Q1 25
$279.4M
$493.6M
Q4 24
$362.3M
$484.6M
Q3 24
$359.8M
$453.8M
Q2 24
$672.5M
$404.2M
Total Debt
JRVR
JRVR
PCRX
PCRX
Q1 26
Q4 25
$372.2M
Q3 25
$376.7M
Q2 25
$580.5M
Q1 25
$583.4M
Q4 24
$585.3M
Q3 24
Q2 24
Stockholders' Equity
JRVR
JRVR
PCRX
PCRX
Q1 26
$653.9M
Q4 25
$538.2M
$693.1M
Q3 25
$503.6M
$727.2M
Q2 25
$492.6M
$757.8M
Q1 25
$484.5M
$798.5M
Q4 24
$460.9M
$778.3M
Q3 24
$530.3M
$749.6M
Q2 24
$541.8M
$879.3M
Total Assets
JRVR
JRVR
PCRX
PCRX
Q1 26
$1.2B
Q4 25
$4.9B
$1.3B
Q3 25
$5.0B
$1.3B
Q2 25
$5.0B
$1.5B
Q1 25
$4.9B
$1.6B
Q4 24
$5.0B
$1.6B
Q3 24
$5.0B
$1.5B
Q2 24
$4.7B
$1.6B
Debt / Equity
JRVR
JRVR
PCRX
PCRX
Q1 26
Q4 25
0.54×
Q3 25
0.52×
Q2 25
0.77×
Q1 25
0.73×
Q4 24
0.75×
Q3 24
Q2 24

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
PCRX
PCRX
Operating Cash FlowLast quarter
$-18.8M
Free Cash FlowOCF − Capex
$-23.6M
FCF MarginFCF / Revenue
-14.1%
Capex IntensityCapex / Revenue
2.9%
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
PCRX
PCRX
Q1 26
Q4 25
$-18.8M
$43.7M
Q3 25
$34.3M
$60.8M
Q2 25
$25.2M
$12.0M
Q1 25
$-51.5M
$35.5M
Q4 24
$-247.1M
$33.1M
Q3 24
$-269.9M
$53.9M
Q2 24
$-8.7M
$53.2M
Free Cash Flow
JRVR
JRVR
PCRX
PCRX
Q1 26
Q4 25
$-23.6M
$43.5M
Q3 25
$33.7M
$57.0M
Q2 25
$24.7M
$9.3M
Q1 25
$-52.7M
$26.9M
Q4 24
$-252.0M
$31.0M
Q3 24
$-270.8M
$49.8M
Q2 24
$-9.3M
$51.6M
FCF Margin
JRVR
JRVR
PCRX
PCRX
Q1 26
Q4 25
-14.1%
22.1%
Q3 25
19.5%
31.7%
Q2 25
14.1%
5.1%
Q1 25
-30.6%
15.9%
Q4 24
-198.9%
16.6%
Q3 24
-141.4%
29.6%
Q2 24
-4.9%
29.0%
Capex Intensity
JRVR
JRVR
PCRX
PCRX
Q1 26
Q4 25
2.9%
0.1%
Q3 25
0.4%
2.2%
Q2 25
0.3%
1.5%
Q1 25
0.7%
5.1%
Q4 24
3.9%
1.1%
Q3 24
0.4%
2.4%
Q2 24
0.3%
0.9%
Cash Conversion
JRVR
JRVR
PCRX
PCRX
Q1 26
Q4 25
-0.59×
Q3 25
33.61×
11.20×
Q2 25
5.29×
Q1 25
-5.38×
7.37×
Q4 24
Q3 24
Q2 24
-1.14×
2.82×

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%

PCRX
PCRX

EXPAREL$143.3M81%
ZILRETTA$26.8M15%
iovera°$6.2M3%
Bupivacaine liposome injectable suspension$1.2M1%

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