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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $167.7M, roughly 1.6× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 1.4%, a 17.8% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -9.4%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M vs $-23.6M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
JRVR vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $260.4M |
| Net Profit | $32.1M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 14.6% | 6.5% |
| Net Margin | 19.1% | 1.4% |
| Revenue YoY | 32.4% | -9.4% |
| Net Profit YoY | 149.5% | -14.3% |
| EPS (diluted) | $0.59 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $172.7M | $262.0M | ||
| Q2 25 | $174.8M | $223.9M | ||
| Q1 25 | $172.3M | $224.7M | ||
| Q4 24 | $126.7M | $287.5M | ||
| Q3 24 | $191.5M | $277.8M | ||
| Q2 24 | $188.3M | $220.9M | ||
| Q1 24 | $201.1M | $189.2M |
| Q4 25 | $32.1M | $3.5M | ||
| Q3 25 | $1.0M | $2.1M | ||
| Q2 25 | $4.8M | $2.4M | ||
| Q1 25 | $9.6M | $2.7M | ||
| Q4 24 | $-64.8M | $4.1M | ||
| Q3 24 | $-39.4M | $5.3M | ||
| Q2 24 | $7.6M | $3.6M | ||
| Q1 24 | $15.4M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 14.6% | 6.5% | ||
| Q3 25 | 1.5% | 6.6% | ||
| Q2 25 | 4.2% | 7.7% | ||
| Q1 25 | 9.3% | 8.7% | ||
| Q4 24 | -57.0% | 10.4% | ||
| Q3 24 | -27.1% | 14.2% | ||
| Q2 24 | 10.7% | 11.7% | ||
| Q1 24 | 16.4% | 11.3% |
| Q4 25 | 19.1% | 1.4% | ||
| Q3 25 | 0.6% | 0.8% | ||
| Q2 25 | 2.7% | 1.1% | ||
| Q1 25 | 5.6% | 1.2% | ||
| Q4 24 | -51.1% | 1.4% | ||
| Q3 24 | -20.6% | 1.9% | ||
| Q2 24 | 4.0% | 1.7% | ||
| Q1 24 | 7.7% | 1.6% |
| Q4 25 | $0.59 | $0.39 | ||
| Q3 25 | $-0.02 | $0.24 | ||
| Q2 25 | $0.06 | $0.26 | ||
| Q1 25 | $0.16 | $0.30 | ||
| Q4 24 | $-2.44 | $0.50 | ||
| Q3 24 | $-1.10 | $0.58 | ||
| Q2 24 | $0.13 | $0.40 | ||
| Q1 24 | $0.35 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $538.2M | $86.7M |
| Total Assets | $4.9B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $12.7M | ||
| Q3 25 | $238.8M | $14.8M | ||
| Q2 25 | $220.0M | $16.8M | ||
| Q1 25 | $279.4M | $12.7M | ||
| Q4 24 | $362.3M | $22.4M | ||
| Q3 24 | $359.8M | $23.7M | ||
| Q2 24 | $672.5M | $17.3M | ||
| Q1 24 | $305.5M | $32.8M |
| Q4 25 | $538.2M | $86.7M | ||
| Q3 25 | $503.6M | $82.2M | ||
| Q2 25 | $492.6M | $80.0M | ||
| Q1 25 | $484.5M | $76.9M | ||
| Q4 24 | $460.9M | $73.6M | ||
| Q3 24 | $530.3M | $68.4M | ||
| Q2 24 | $541.8M | $62.1M | ||
| Q1 24 | $539.5M | $59.7M |
| Q4 25 | $4.9B | $557.6M | ||
| Q3 25 | $5.0B | $571.6M | ||
| Q2 25 | $5.0B | $570.2M | ||
| Q1 25 | $4.9B | $513.9M | ||
| Q4 24 | $5.0B | $475.9M | ||
| Q3 24 | $5.0B | $460.1M | ||
| Q2 24 | $4.7B | $429.3M | ||
| Q1 24 | $5.3B | $401.3M |
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 | $9.8M |
| Free Cash FlowOCF − Capex | $-23.6M | $8.7M |
| FCF MarginFCF / Revenue | -14.1% | 3.4% |
| Capex IntensityCapex / Revenue | 2.9% | 0.4% |
| Cash ConversionOCF / Net Profit | -0.59× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $9.8M | ||
| Q3 25 | $34.3M | $22.8M | ||
| Q2 25 | $25.2M | $-28.9M | ||
| Q1 25 | $-51.5M | $-34.9M | ||
| Q4 24 | $-247.1M | $5.5M | ||
| Q3 24 | $-269.9M | $22.9M | ||
| Q2 24 | $-8.7M | $39.0K | ||
| Q1 24 | $24.1M | $-9.3M |
| Q4 25 | $-23.6M | $8.7M | ||
| Q3 25 | $33.7M | $21.4M | ||
| Q2 25 | $24.7M | $-31.1M | ||
| Q1 25 | $-52.7M | $-35.9M | ||
| Q4 24 | $-252.0M | $4.8M | ||
| Q3 24 | $-270.8M | $22.3M | ||
| Q2 24 | $-9.3M | $-2.1M | ||
| Q1 24 | $23.3M | $-9.7M |
| Q4 25 | -14.1% | 3.4% | ||
| Q3 25 | 19.5% | 8.2% | ||
| Q2 25 | 14.1% | -13.9% | ||
| Q1 25 | -30.6% | -16.0% | ||
| Q4 24 | -198.9% | 1.7% | ||
| Q3 24 | -141.4% | 8.0% | ||
| Q2 24 | -4.9% | -1.0% | ||
| Q1 24 | 11.6% | -5.1% |
| Q4 25 | 2.9% | 0.4% | ||
| Q3 25 | 0.4% | 0.5% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.7% | 0.5% | ||
| Q4 24 | 3.9% | 0.2% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.3% | 1.0% | ||
| Q1 24 | 0.4% | 0.2% |
| Q4 25 | -0.59× | 2.77× | ||
| Q3 25 | 33.61× | 10.70× | ||
| Q2 25 | 5.29× | -12.24× | ||
| Q1 25 | -5.38× | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | -1.14× | 0.01× | ||
| Q1 24 | 1.56× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
