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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and CPI Card Group Inc. (PMTS). 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 $153.1M, roughly 1.1× CPI Card Group Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 4.8%, a 14.3% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 22.3%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-23.6M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
JRVR vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $153.1M |
| Net Profit | $32.1M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 14.6% | 12.0% |
| Net Margin | 19.1% | 4.8% |
| Revenue YoY | 32.4% | 22.3% |
| Net Profit YoY | 149.5% | 8.5% |
| EPS (diluted) | $0.59 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $172.7M | $138.0M | ||
| Q2 25 | $174.8M | $129.8M | ||
| Q1 25 | $172.3M | $122.8M | ||
| Q4 24 | $126.7M | $125.1M | ||
| Q3 24 | $191.5M | $124.8M | ||
| Q2 24 | $188.3M | $118.8M | ||
| Q1 24 | $201.1M | $111.9M |
| Q4 25 | $32.1M | $7.3M | ||
| Q3 25 | $1.0M | $2.3M | ||
| Q2 25 | $4.8M | $518.0K | ||
| Q1 25 | $9.6M | $4.8M | ||
| Q4 24 | $-64.8M | $6.8M | ||
| Q3 24 | $-39.4M | $1.3M | ||
| Q2 24 | $7.6M | $6.0M | ||
| Q1 24 | $15.4M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 14.6% | 12.0% | ||
| Q3 25 | 1.5% | 9.4% | ||
| Q2 25 | 4.2% | 7.3% | ||
| Q1 25 | 9.3% | 11.5% | ||
| Q4 24 | -57.0% | 12.7% | ||
| Q3 24 | -27.1% | 14.3% | ||
| Q2 24 | 10.7% | 12.5% | ||
| Q1 24 | 16.4% | 12.6% |
| Q4 25 | 19.1% | 4.8% | ||
| Q3 25 | 0.6% | 1.7% | ||
| Q2 25 | 2.7% | 0.4% | ||
| Q1 25 | 5.6% | 3.9% | ||
| Q4 24 | -51.1% | 5.4% | ||
| Q3 24 | -20.6% | 1.0% | ||
| Q2 24 | 4.0% | 5.1% | ||
| Q1 24 | 7.7% | 4.9% |
| Q4 25 | $0.59 | $0.62 | ||
| Q3 25 | $-0.02 | $0.19 | ||
| Q2 25 | $0.06 | $0.04 | ||
| Q1 25 | $0.16 | $0.40 | ||
| Q4 24 | $-2.44 | $0.56 | ||
| Q3 24 | $-1.10 | $0.11 | ||
| Q2 24 | $0.13 | $0.51 | ||
| Q1 24 | $0.35 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $538.2M | $-17.3M |
| Total Assets | $4.9B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $21.7M | ||
| Q3 25 | $238.8M | $16.0M | ||
| Q2 25 | $220.0M | $17.1M | ||
| Q1 25 | $279.4M | $31.5M | ||
| Q4 24 | $362.3M | $33.5M | ||
| Q3 24 | $359.8M | $14.7M | ||
| Q2 24 | $672.5M | $7.5M | ||
| Q1 24 | $305.5M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $538.2M | $-17.3M | ||
| Q3 25 | $503.6M | $-25.7M | ||
| Q2 25 | $492.6M | $-29.0M | ||
| Q1 25 | $484.5M | $-29.7M | ||
| Q4 24 | $460.9M | $-35.6M | ||
| Q3 24 | $530.3M | $-42.8M | ||
| Q2 24 | $541.8M | $-44.6M | ||
| Q1 24 | $539.5M | $-48.5M |
| Q4 25 | $4.9B | $403.2M | ||
| Q3 25 | $5.0B | $407.1M | ||
| Q2 25 | $5.0B | $399.8M | ||
| Q1 25 | $4.9B | $351.9M | ||
| Q4 24 | $5.0B | $349.7M | ||
| Q3 24 | $5.0B | $342.3M | ||
| Q2 24 | $4.7B | $321.4M | ||
| Q1 24 | $5.3B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $-23.6M | $35.2M |
| FCF MarginFCF / Revenue | -14.1% | 23.0% |
| Capex IntensityCapex / Revenue | 2.9% | 2.9% |
| Cash ConversionOCF / Net Profit | -0.59× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $39.6M | ||
| Q3 25 | $34.3M | $10.0M | ||
| Q2 25 | $25.2M | $4.3M | ||
| Q1 25 | $-51.5M | $5.6M | ||
| Q4 24 | $-247.1M | $26.7M | ||
| Q3 24 | $-269.9M | $12.5M | ||
| Q2 24 | $-8.7M | $-4.8M | ||
| Q1 24 | $24.1M | $8.9M |
| Q4 25 | $-23.6M | $35.2M | ||
| Q3 25 | $33.7M | $5.3M | ||
| Q2 25 | $24.7M | $533.0K | ||
| Q1 25 | $-52.7M | $292.0K | ||
| Q4 24 | $-252.0M | $21.6M | ||
| Q3 24 | $-270.8M | $11.1M | ||
| Q2 24 | $-9.3M | $-6.0M | ||
| Q1 24 | $23.3M | $7.4M |
| Q4 25 | -14.1% | 23.0% | ||
| Q3 25 | 19.5% | 3.8% | ||
| Q2 25 | 14.1% | 0.4% | ||
| Q1 25 | -30.6% | 0.2% | ||
| Q4 24 | -198.9% | 17.3% | ||
| Q3 24 | -141.4% | 8.9% | ||
| Q2 24 | -4.9% | -5.0% | ||
| Q1 24 | 11.6% | 6.6% |
| Q4 25 | 2.9% | 2.9% | ||
| Q3 25 | 0.4% | 3.4% | ||
| Q2 25 | 0.3% | 2.9% | ||
| Q1 25 | 0.7% | 4.3% | ||
| Q4 24 | 3.9% | 4.0% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.3% | 1.0% | ||
| Q1 24 | 0.4% | 1.3% |
| Q4 25 | -0.59× | 5.39× | ||
| Q3 25 | 33.61× | 4.32× | ||
| Q2 25 | 5.29× | 8.39× | ||
| Q1 25 | -5.38× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | -1.14× | -0.79× | ||
| Q1 24 | 1.56× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
