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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and STRATASYS LTD. (SSYS). 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 $137.0M, roughly 1.2× STRATASYS LTD.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -40.6%, a 59.7% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -2.2%). STRATASYS LTD. produced more free cash flow last quarter ($2.5M vs $-23.6M). Over the past eight quarters, STRATASYS LTD.'s revenue compounded faster (-7.4% 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.

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.

JRVR vs SSYS — Head-to-Head

Bigger by revenue
JRVR
JRVR
1.2× larger
JRVR
$167.7M
$137.0M
SSYS
Growing faster (revenue YoY)
JRVR
JRVR
+34.6% gap
JRVR
32.4%
-2.2%
SSYS
Higher net margin
JRVR
JRVR
59.7% more per $
JRVR
19.1%
-40.6%
SSYS
More free cash flow
SSYS
SSYS
$26.0M more FCF
SSYS
$2.5M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
SSYS
SSYS
Annualised
SSYS
-7.4%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
JRVR
JRVR
SSYS
SSYS
Revenue
$167.7M
$137.0M
Net Profit
$32.1M
$-55.6M
Gross Margin
41.0%
Operating Margin
14.6%
-16.6%
Net Margin
19.1%
-40.6%
Revenue YoY
32.4%
-2.2%
Net Profit YoY
149.5%
-109.0%
EPS (diluted)
$0.59

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
SSYS
SSYS
Q4 25
$167.7M
Q3 25
$172.7M
$137.0M
Q2 25
$174.8M
$138.1M
Q1 25
$172.3M
$136.0M
Q4 24
$126.7M
Q3 24
$191.5M
$140.0M
Q2 24
$188.3M
$138.0M
Q1 24
$201.1M
$144.1M
Net Profit
JRVR
JRVR
SSYS
SSYS
Q4 25
$32.1M
Q3 25
$1.0M
$-55.6M
Q2 25
$4.8M
$-16.7M
Q1 25
$9.6M
$-13.1M
Q4 24
$-64.8M
Q3 24
$-39.4M
$-26.6M
Q2 24
$7.6M
$-25.7M
Q1 24
$15.4M
$-26.0M
Gross Margin
JRVR
JRVR
SSYS
SSYS
Q4 25
Q3 25
41.0%
Q2 25
43.1%
Q1 25
44.3%
Q4 24
Q3 24
44.8%
Q2 24
43.8%
Q1 24
44.4%
Operating Margin
JRVR
JRVR
SSYS
SSYS
Q4 25
14.6%
Q3 25
1.5%
-16.6%
Q2 25
4.2%
-12.0%
Q1 25
9.3%
-9.1%
Q4 24
-57.0%
Q3 24
-27.1%
-18.2%
Q2 24
10.7%
-18.9%
Q1 24
16.4%
-17.0%
Net Margin
JRVR
JRVR
SSYS
SSYS
Q4 25
19.1%
Q3 25
0.6%
-40.6%
Q2 25
2.7%
-12.1%
Q1 25
5.6%
-9.6%
Q4 24
-51.1%
Q3 24
-20.6%
-19.0%
Q2 24
4.0%
-18.6%
Q1 24
7.7%
-18.0%
EPS (diluted)
JRVR
JRVR
SSYS
SSYS
Q4 25
$0.59
Q3 25
$-0.02
Q2 25
$0.06
Q1 25
$0.16
Q4 24
$-2.44
Q3 24
$-1.10
Q2 24
$0.13
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
SSYS
SSYS
Cash + ST InvestmentsLiquidity on hand
$260.9M
$71.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$538.2M
$852.5M
Total Assets
$4.9B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
SSYS
SSYS
Q4 25
$260.9M
Q3 25
$238.8M
$71.5M
Q2 25
$220.0M
$71.1M
Q1 25
$279.4M
$70.1M
Q4 24
$362.3M
Q3 24
$359.8M
$64.0M
Q2 24
$672.5M
$70.9M
Q1 24
$305.5M
$91.1M
Stockholders' Equity
JRVR
JRVR
SSYS
SSYS
Q4 25
$538.2M
Q3 25
$503.6M
$852.5M
Q2 25
$492.6M
$902.4M
Q1 25
$484.5M
$784.8M
Q4 24
$460.9M
Q3 24
$530.3M
$831.8M
Q2 24
$541.8M
$850.5M
Q1 24
$539.5M
$866.1M
Total Assets
JRVR
JRVR
SSYS
SSYS
Q4 25
$4.9B
Q3 25
$5.0B
$1.1B
Q2 25
$5.0B
$1.1B
Q1 25
$4.9B
$1.0B
Q4 24
$5.0B
Q3 24
$5.0B
$1.1B
Q2 24
$4.7B
$1.1B
Q1 24
$5.3B
$1.1B

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
SSYS
SSYS
Operating Cash FlowLast quarter
$-18.8M
$6.9M
Free Cash FlowOCF − Capex
$-23.6M
$2.5M
FCF MarginFCF / Revenue
-14.1%
1.8%
Capex IntensityCapex / Revenue
2.9%
3.2%
Cash ConversionOCF / Net Profit
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M
$-11.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
SSYS
SSYS
Q4 25
$-18.8M
Q3 25
$34.3M
$6.9M
Q2 25
$25.2M
$-1.1M
Q1 25
$-51.5M
$4.5M
Q4 24
$-247.1M
Q3 24
$-269.9M
$-4.5M
Q2 24
$-8.7M
$-2.4M
Q1 24
$24.1M
$7.3M
Free Cash Flow
JRVR
JRVR
SSYS
SSYS
Q4 25
$-23.6M
Q3 25
$33.7M
$2.5M
Q2 25
$24.7M
$-8.4M
Q1 25
$-52.7M
$789.0K
Q4 24
$-252.0M
Q3 24
$-270.8M
$-6.3M
Q2 24
$-9.3M
$-4.9M
Q1 24
$23.3M
$5.0M
FCF Margin
JRVR
JRVR
SSYS
SSYS
Q4 25
-14.1%
Q3 25
19.5%
1.8%
Q2 25
14.1%
-6.1%
Q1 25
-30.6%
0.6%
Q4 24
-198.9%
Q3 24
-141.4%
-4.5%
Q2 24
-4.9%
-3.6%
Q1 24
11.6%
3.5%
Capex Intensity
JRVR
JRVR
SSYS
SSYS
Q4 25
2.9%
Q3 25
0.4%
3.2%
Q2 25
0.3%
5.3%
Q1 25
0.7%
2.8%
Q4 24
3.9%
Q3 24
0.4%
1.3%
Q2 24
0.3%
1.8%
Q1 24
0.4%
1.6%
Cash Conversion
JRVR
JRVR
SSYS
SSYS
Q4 25
-0.59×
Q3 25
33.61×
Q2 25
5.29×
Q1 25
-5.38×
Q4 24
Q3 24
Q2 24
-1.14×
Q1 24
1.56×

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%

SSYS
SSYS

Segment breakdown not available.

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