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

James River Group Holdings, Inc. is the larger business by last-quarter revenue ($151.4M vs $140.6M, roughly 1.1× Shoals Technologies Group, Inc.). On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (74.9% vs -12.1%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (19.0% CAGR vs -10.3%).

James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.

Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.

JRVR vs SHLS — Head-to-Head

Bigger by revenue
JRVR
JRVR
1.1× larger
JRVR
$151.4M
$140.6M
SHLS
Growing faster (revenue YoY)
SHLS
SHLS
+87.0% gap
SHLS
74.9%
-12.1%
JRVR
Faster 2-yr revenue CAGR
SHLS
SHLS
Annualised
SHLS
19.0%
-10.3%
JRVR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
JRVR
JRVR
SHLS
SHLS
Revenue
$151.4M
$140.6M
Net Profit
$-297.0K
Gross Margin
29.2%
Operating Margin
5.5%
Net Margin
-0.2%
Revenue YoY
-12.1%
74.9%
Net Profit YoY
-5.3%
EPS (diluted)
$0.00

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
SHLS
SHLS
Q1 26
$151.4M
$140.6M
Q4 25
$167.7M
$148.3M
Q3 25
$172.7M
$135.8M
Q2 25
$174.8M
$110.8M
Q1 25
$172.3M
$80.4M
Q4 24
$126.7M
$107.0M
Q3 24
$191.5M
$102.2M
Q2 24
$188.3M
$99.2M
Net Profit
JRVR
JRVR
SHLS
SHLS
Q1 26
$-297.0K
Q4 25
$32.1M
$8.1M
Q3 25
$1.0M
$11.9M
Q2 25
$4.8M
$13.9M
Q1 25
$9.6M
$-282.0K
Q4 24
$-64.8M
$7.8M
Q3 24
$-39.4M
$-267.0K
Q2 24
$7.6M
$11.8M
Gross Margin
JRVR
JRVR
SHLS
SHLS
Q1 26
29.2%
Q4 25
31.6%
Q3 25
37.0%
Q2 25
37.2%
Q1 25
35.0%
Q4 24
37.6%
Q3 24
24.8%
Q2 24
40.3%
Operating Margin
JRVR
JRVR
SHLS
SHLS
Q1 26
5.5%
Q4 25
14.6%
11.7%
Q3 25
1.5%
13.7%
Q2 25
4.2%
14.4%
Q1 25
9.3%
5.4%
Q4 24
-57.0%
15.4%
Q3 24
-27.1%
4.4%
Q2 24
10.7%
18.7%
Net Margin
JRVR
JRVR
SHLS
SHLS
Q1 26
-0.2%
Q4 25
19.1%
5.5%
Q3 25
0.6%
8.7%
Q2 25
2.7%
12.5%
Q1 25
5.6%
-0.4%
Q4 24
-51.1%
7.3%
Q3 24
-20.6%
-0.3%
Q2 24
4.0%
11.9%
EPS (diluted)
JRVR
JRVR
SHLS
SHLS
Q1 26
$0.00
Q4 25
$0.59
$0.05
Q3 25
$-0.02
$0.07
Q2 25
$0.06
$0.08
Q1 25
$0.16
$0.00
Q4 24
$-2.44
$0.04
Q3 24
$-1.10
$0.00
Q2 24
$0.13
$0.07

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
SHLS
SHLS
Cash + ST InvestmentsLiquidity on hand
$228.2M
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$518.4M
$601.6M
Total Assets
$4.8B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
SHLS
SHLS
Q1 26
$228.2M
$1.9M
Q4 25
$260.9M
$7.3M
Q3 25
$238.8M
$8.6M
Q2 25
$220.0M
$4.7M
Q1 25
$279.4M
$35.6M
Q4 24
$362.3M
$23.5M
Q3 24
$359.8M
$11.1M
Q2 24
$672.5M
$3.2M
Total Debt
JRVR
JRVR
SHLS
SHLS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$141.8M
Q4 24
$141.8M
Q3 24
$141.8M
Q2 24
$146.8M
Stockholders' Equity
JRVR
JRVR
SHLS
SHLS
Q1 26
$518.4M
$601.6M
Q4 25
$538.2M
$600.0M
Q3 25
$503.6M
$589.6M
Q2 25
$492.6M
$575.4M
Q1 25
$484.5M
$558.9M
Q4 24
$460.9M
$556.8M
Q3 24
$530.3M
$545.2M
Q2 24
$541.8M
$544.6M
Total Assets
JRVR
JRVR
SHLS
SHLS
Q1 26
$4.8B
$1.0B
Q4 25
$4.9B
$904.1M
Q3 25
$5.0B
$851.8M
Q2 25
$5.0B
$795.0M
Q1 25
$4.9B
$788.4M
Q4 24
$5.0B
$793.1M
Q3 24
$5.0B
$801.3M
Q2 24
$4.7B
$788.4M
Debt / Equity
JRVR
JRVR
SHLS
SHLS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.25×
Q4 24
0.25×
Q3 24
0.26×
Q2 24
0.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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