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

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $167.7M, roughly 1.2× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 6.7%, a 12.4% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 13.6%). REPLIGEN CORP produced more free cash flow last quarter ($17.6M vs $-23.6M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

JRVR vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.2× larger
RGEN
$197.9M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+18.7% gap
JRVR
32.4%
13.6%
RGEN
Higher net margin
JRVR
JRVR
12.4% more per $
JRVR
19.1%
6.7%
RGEN
More free cash flow
RGEN
RGEN
$41.1M more FCF
RGEN
$17.6M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JRVR
JRVR
RGEN
RGEN
Revenue
$167.7M
$197.9M
Net Profit
$32.1M
$13.3M
Gross Margin
52.5%
Operating Margin
14.6%
9.0%
Net Margin
19.1%
6.7%
Revenue YoY
32.4%
13.6%
Net Profit YoY
149.5%
143.9%
EPS (diluted)
$0.59
$0.24

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
RGEN
RGEN
Q4 25
$167.7M
$197.9M
Q3 25
$172.7M
$188.8M
Q2 25
$174.8M
$182.4M
Q1 25
$172.3M
$169.2M
Q4 24
$126.7M
$174.1M
Q3 24
$191.5M
$154.9M
Q2 24
$188.3M
$154.1M
Q1 24
$201.1M
$151.3M
Net Profit
JRVR
JRVR
RGEN
RGEN
Q4 25
$32.1M
$13.3M
Q3 25
$1.0M
$14.9M
Q2 25
$4.8M
$14.9M
Q1 25
$9.6M
$5.8M
Q4 24
$-64.8M
$-30.3M
Q3 24
$-39.4M
$-654.0K
Q2 24
$7.6M
$3.3M
Q1 24
$15.4M
$2.1M
Gross Margin
JRVR
JRVR
RGEN
RGEN
Q4 25
52.5%
Q3 25
53.2%
Q2 25
50.0%
Q1 25
53.6%
Q4 24
26.1%
Q3 24
50.0%
Q2 24
49.8%
Q1 24
49.5%
Operating Margin
JRVR
JRVR
RGEN
RGEN
Q4 25
14.6%
9.0%
Q3 25
1.5%
8.9%
Q2 25
4.2%
7.6%
Q1 25
9.3%
3.9%
Q4 24
-57.0%
-17.7%
Q3 24
-27.1%
-5.1%
Q2 24
10.7%
1.0%
Q1 24
16.4%
1.3%
Net Margin
JRVR
JRVR
RGEN
RGEN
Q4 25
19.1%
6.7%
Q3 25
0.6%
7.9%
Q2 25
2.7%
8.2%
Q1 25
5.6%
3.4%
Q4 24
-51.1%
-17.4%
Q3 24
-20.6%
-0.4%
Q2 24
4.0%
2.2%
Q1 24
7.7%
1.4%
EPS (diluted)
JRVR
JRVR
RGEN
RGEN
Q4 25
$0.59
$0.24
Q3 25
$-0.02
$0.26
Q2 25
$0.06
$0.26
Q1 25
$0.16
$0.10
Q4 24
$-2.44
$-0.55
Q3 24
$-1.10
$-0.01
Q2 24
$0.13
$0.06
Q1 24
$0.35
$0.04

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$260.9M
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$538.2M
$2.1B
Total Assets
$4.9B
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
RGEN
RGEN
Q4 25
$260.9M
$767.6M
Q3 25
$238.8M
$748.7M
Q2 25
$220.0M
$708.9M
Q1 25
$279.4M
$697.2M
Q4 24
$362.3M
$757.4M
Q3 24
$359.8M
$784.0M
Q2 24
$672.5M
$809.1M
Q1 24
$305.5M
$780.6M
Total Debt
JRVR
JRVR
RGEN
RGEN
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
JRVR
JRVR
RGEN
RGEN
Q4 25
$538.2M
$2.1B
Q3 25
$503.6M
$2.1B
Q2 25
$492.6M
$2.1B
Q1 25
$484.5M
$2.0B
Q4 24
$460.9M
$2.0B
Q3 24
$530.3M
$2.0B
Q2 24
$541.8M
$2.0B
Q1 24
$539.5M
$2.0B
Total Assets
JRVR
JRVR
RGEN
RGEN
Q4 25
$4.9B
$2.9B
Q3 25
$5.0B
$2.9B
Q2 25
$5.0B
$2.9B
Q1 25
$4.9B
$2.9B
Q4 24
$5.0B
$2.8B
Q3 24
$5.0B
$2.8B
Q2 24
$4.7B
$2.9B
Q1 24
$5.3B
$2.8B
Debt / Equity
JRVR
JRVR
RGEN
RGEN
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24
Q1 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
RGEN
RGEN
Operating Cash FlowLast quarter
$-18.8M
$25.7M
Free Cash FlowOCF − Capex
$-23.6M
$17.6M
FCF MarginFCF / Revenue
-14.1%
8.9%
Capex IntensityCapex / Revenue
2.9%
4.1%
Cash ConversionOCF / Net Profit
-0.59×
1.93×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
RGEN
RGEN
Q4 25
$-18.8M
$25.7M
Q3 25
$34.3M
$48.1M
Q2 25
$25.2M
$28.6M
Q1 25
$-51.5M
$15.0M
Q4 24
$-247.1M
$39.2M
Q3 24
$-269.9M
$49.3M
Q2 24
$-8.7M
$42.2M
Q1 24
$24.1M
$44.7M
Free Cash Flow
JRVR
JRVR
RGEN
RGEN
Q4 25
$-23.6M
$17.6M
Q3 25
$33.7M
$43.4M
Q2 25
$24.7M
$21.5M
Q1 25
$-52.7M
$11.4M
Q4 24
$-252.0M
$33.6M
Q3 24
$-270.8M
$42.3M
Q2 24
$-9.3M
$37.4M
Q1 24
$23.3M
$36.4M
FCF Margin
JRVR
JRVR
RGEN
RGEN
Q4 25
-14.1%
8.9%
Q3 25
19.5%
23.0%
Q2 25
14.1%
11.8%
Q1 25
-30.6%
6.8%
Q4 24
-198.9%
19.3%
Q3 24
-141.4%
27.3%
Q2 24
-4.9%
24.3%
Q1 24
11.6%
24.0%
Capex Intensity
JRVR
JRVR
RGEN
RGEN
Q4 25
2.9%
4.1%
Q3 25
0.4%
2.5%
Q2 25
0.3%
3.9%
Q1 25
0.7%
2.1%
Q4 24
3.9%
3.2%
Q3 24
0.4%
4.5%
Q2 24
0.3%
3.1%
Q1 24
0.4%
5.5%
Cash Conversion
JRVR
JRVR
RGEN
RGEN
Q4 25
-0.59×
1.93×
Q3 25
33.61×
3.23×
Q2 25
5.29×
1.92×
Q1 25
-5.38×
2.57×
Q4 24
Q3 24
Q2 24
-1.14×
12.70×
Q1 24
1.56×
21.35×

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%

RGEN
RGEN

Segment breakdown not available.

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