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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Piedmont Realty Trust, Inc. (PDM). 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 $143.3M, roughly 1.2× Piedmont Realty Trust, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -31.4%, a 50.5% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
JRVR vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $143.3M |
| Net Profit | $32.1M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 14.6% | — |
| Net Margin | 19.1% | -31.4% |
| Revenue YoY | 32.4% | 0.4% |
| Net Profit YoY | 149.5% | -27.9% |
| EPS (diluted) | $0.59 | $-0.10 |
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 | — | $143.3M | ||
| Q4 25 | $167.7M | $142.9M | ||
| Q3 25 | $172.7M | $139.2M | ||
| Q2 25 | $174.8M | $140.3M | ||
| Q1 25 | $172.3M | $142.7M | ||
| Q4 24 | $126.7M | $143.2M | ||
| Q3 24 | $191.5M | $139.3M | ||
| Q2 24 | $188.3M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $32.1M | $-43.2M | ||
| Q3 25 | $1.0M | $-13.5M | ||
| Q2 25 | $4.8M | $-16.8M | ||
| Q1 25 | $9.6M | $-10.1M | ||
| Q4 24 | $-64.8M | $-30.0M | ||
| Q3 24 | $-39.4M | $-11.5M | ||
| Q2 24 | $7.6M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 14.6% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | -57.0% | — | ||
| Q3 24 | -27.1% | — | ||
| Q2 24 | 10.7% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 19.1% | -30.3% | ||
| Q3 25 | 0.6% | -9.7% | ||
| Q2 25 | 2.7% | -12.0% | ||
| Q1 25 | 5.6% | -7.1% | ||
| Q4 24 | -51.1% | -20.9% | ||
| Q3 24 | -20.6% | -8.3% | ||
| Q2 24 | 4.0% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.59 | $-0.34 | ||
| Q3 25 | $-0.02 | $-0.11 | ||
| Q2 25 | $0.06 | $-0.14 | ||
| Q1 25 | $0.16 | $-0.08 | ||
| Q4 24 | $-2.44 | $-0.25 | ||
| Q3 24 | $-1.10 | $-0.09 | ||
| Q2 24 | $0.13 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $538.2M | $1.5B |
| Total Assets | $4.9B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $260.9M | $731.0K | ||
| Q3 25 | $238.8M | $3.0M | ||
| Q2 25 | $220.0M | $3.3M | ||
| Q1 25 | $279.4M | $2.9M | ||
| Q4 24 | $362.3M | $109.6M | ||
| Q3 24 | $359.8M | $133.6M | ||
| Q2 24 | $672.5M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $538.2M | $1.5B | ||
| Q3 25 | $503.6M | $1.5B | ||
| Q2 25 | $492.6M | $1.5B | ||
| Q1 25 | $484.5M | $1.6B | ||
| Q4 24 | $460.9M | $1.6B | ||
| Q3 24 | $530.3M | $1.6B | ||
| Q2 24 | $541.8M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $4.9B | $4.0B | ||
| Q3 25 | $5.0B | $4.0B | ||
| Q2 25 | $5.0B | $4.0B | ||
| Q1 25 | $4.9B | $4.0B | ||
| Q4 24 | $5.0B | $4.1B | ||
| Q3 24 | $5.0B | $4.1B | ||
| Q2 24 | $4.7B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $-23.6M | — |
| FCF MarginFCF / Revenue | -14.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | 110.3% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-18.8M | $140.6M | ||
| Q3 25 | $34.3M | $35.8M | ||
| Q2 25 | $25.2M | $50.1M | ||
| Q1 25 | $-51.5M | $3.7M | ||
| Q4 24 | $-247.1M | $198.1M | ||
| Q3 24 | $-269.9M | $42.9M | ||
| Q2 24 | $-8.7M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.6M | — | ||
| Q3 25 | $33.7M | — | ||
| Q2 25 | $24.7M | — | ||
| Q1 25 | $-52.7M | — | ||
| Q4 24 | $-252.0M | — | ||
| Q3 24 | $-270.8M | — | ||
| Q2 24 | $-9.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | -14.1% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | -30.6% | — | ||
| Q4 24 | -198.9% | — | ||
| Q3 24 | -141.4% | — | ||
| Q2 24 | -4.9% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 2.9% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | -5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.14× | — |
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% |
PDM
Segment breakdown not available.
