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

SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $167.7M, roughly 1.2× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 0.4%, a 18.7% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 16.6%). SunOpta Inc. produced more free cash flow last quarter ($12.1M vs $-23.6M). Over the past eight quarters, SunOpta Inc.'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.

SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.

JRVR vs STKL — Head-to-Head

Bigger by revenue
STKL
STKL
1.2× larger
STKL
$205.4M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+15.8% gap
JRVR
32.4%
16.6%
STKL
Higher net margin
JRVR
JRVR
18.7% more per $
JRVR
19.1%
0.4%
STKL
More free cash flow
STKL
STKL
$35.6M more FCF
STKL
$12.1M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
STKL
STKL
Annualised
STKL
7.4%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
JRVR
JRVR
STKL
STKL
Revenue
$167.7M
$205.4M
Net Profit
$32.1M
$816.0K
Gross Margin
12.4%
Operating Margin
14.6%
3.3%
Net Margin
19.1%
0.4%
Revenue YoY
32.4%
16.6%
Net Profit YoY
149.5%
113.1%
EPS (diluted)
$0.59
$0.01

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
STKL
STKL
Q4 25
$167.7M
Q3 25
$172.7M
$205.4M
Q2 25
$174.8M
$191.5M
Q1 25
$172.3M
$201.6M
Q4 24
$126.7M
$193.9M
Q3 24
$191.5M
$175.9M
Q2 24
$188.3M
$169.5M
Q1 24
$201.1M
$184.4M
Net Profit
JRVR
JRVR
STKL
STKL
Q4 25
$32.1M
Q3 25
$1.0M
$816.0K
Q2 25
$4.8M
$4.4M
Q1 25
$9.6M
$4.8M
Q4 24
$-64.8M
$-8.7M
Q3 24
$-39.4M
$-6.2M
Q2 24
$7.6M
$-5.3M
Q1 24
$15.4M
$2.9M
Gross Margin
JRVR
JRVR
STKL
STKL
Q4 25
Q3 25
12.4%
Q2 25
14.8%
Q1 25
15.0%
Q4 24
10.9%
Q3 24
13.0%
Q2 24
12.5%
Q1 24
16.8%
Operating Margin
JRVR
JRVR
STKL
STKL
Q4 25
14.6%
Q3 25
1.5%
3.3%
Q2 25
4.2%
5.5%
Q1 25
9.3%
5.2%
Q4 24
-57.0%
1.4%
Q3 24
-27.1%
0.5%
Q2 24
10.7%
1.2%
Q1 24
16.4%
5.5%
Net Margin
JRVR
JRVR
STKL
STKL
Q4 25
19.1%
Q3 25
0.6%
0.4%
Q2 25
2.7%
2.3%
Q1 25
5.6%
2.4%
Q4 24
-51.1%
-4.5%
Q3 24
-20.6%
-3.5%
Q2 24
4.0%
-3.1%
Q1 24
7.7%
1.6%
EPS (diluted)
JRVR
JRVR
STKL
STKL
Q4 25
$0.59
Q3 25
$-0.02
$0.01
Q2 25
$0.06
$0.03
Q1 25
$0.16
$0.04
Q4 24
$-2.44
$-0.08
Q3 24
$-1.10
$-0.05
Q2 24
$0.13
$-0.04
Q1 24
$0.35
$0.02

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
STKL
STKL
Cash + ST InvestmentsLiquidity on hand
$260.9M
$2.2M
Total DebtLower is stronger
$250.8M
Stockholders' EquityBook value
$538.2M
$162.8M
Total Assets
$4.9B
$694.1M
Debt / EquityLower = less leverage
1.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
STKL
STKL
Q4 25
$260.9M
Q3 25
$238.8M
$2.2M
Q2 25
$220.0M
$2.2M
Q1 25
$279.4M
$2.3M
Q4 24
$362.3M
$1.6M
Q3 24
$359.8M
$2.9M
Q2 24
$672.5M
$3.2M
Q1 24
$305.5M
$1.5M
Total Debt
JRVR
JRVR
STKL
STKL
Q4 25
Q3 25
$250.8M
Q2 25
$263.3M
Q1 25
$260.6M
Q4 24
$265.2M
Q3 24
$289.9M
Q2 24
$303.1M
Q1 24
$258.8M
Stockholders' Equity
JRVR
JRVR
STKL
STKL
Q4 25
$538.2M
Q3 25
$503.6M
$162.8M
Q2 25
$492.6M
$159.8M
Q1 25
$484.5M
$154.8M
Q4 24
$460.9M
$148.6M
Q3 24
$530.3M
$155.0M
Q2 24
$541.8M
$158.8M
Q1 24
$539.5M
$163.6M
Total Assets
JRVR
JRVR
STKL
STKL
Q4 25
$4.9B
Q3 25
$5.0B
$694.1M
Q2 25
$5.0B
$704.9M
Q1 25
$4.9B
$690.7M
Q4 24
$5.0B
$668.5M
Q3 24
$5.0B
$699.3M
Q2 24
$4.7B
$704.7M
Q1 24
$5.3B
$671.8M
Debt / Equity
JRVR
JRVR
STKL
STKL
Q4 25
Q3 25
1.54×
Q2 25
1.65×
Q1 25
1.68×
Q4 24
1.78×
Q3 24
1.87×
Q2 24
1.91×
Q1 24
1.58×

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
STKL
STKL
Operating Cash FlowLast quarter
$-18.8M
$16.3M
Free Cash FlowOCF − Capex
$-23.6M
$12.1M
FCF MarginFCF / Revenue
-14.1%
5.9%
Capex IntensityCapex / Revenue
2.9%
2.1%
Cash ConversionOCF / Net Profit
-0.59×
20.03×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M
$36.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
STKL
STKL
Q4 25
$-18.8M
Q3 25
$34.3M
$16.3M
Q2 25
$25.2M
$-4.5M
Q1 25
$-51.5M
$22.3M
Q4 24
$-247.1M
$33.1M
Q3 24
$-269.9M
$17.2M
Q2 24
$-8.7M
$-5.6M
Q1 24
$24.1M
$5.3M
Free Cash Flow
JRVR
JRVR
STKL
STKL
Q4 25
$-23.6M
Q3 25
$33.7M
$12.1M
Q2 25
$24.7M
$-9.2M
Q1 25
$-52.7M
$9.5M
Q4 24
$-252.0M
$24.0M
Q3 24
$-270.8M
$11.7M
Q2 24
$-9.3M
$-15.3M
Q1 24
$23.3M
$-2.3M
FCF Margin
JRVR
JRVR
STKL
STKL
Q4 25
-14.1%
Q3 25
19.5%
5.9%
Q2 25
14.1%
-4.8%
Q1 25
-30.6%
4.7%
Q4 24
-198.9%
12.4%
Q3 24
-141.4%
6.6%
Q2 24
-4.9%
-9.0%
Q1 24
11.6%
-1.2%
Capex Intensity
JRVR
JRVR
STKL
STKL
Q4 25
2.9%
Q3 25
0.4%
2.1%
Q2 25
0.3%
2.5%
Q1 25
0.7%
6.3%
Q4 24
3.9%
4.7%
Q3 24
0.4%
3.2%
Q2 24
0.3%
5.7%
Q1 24
0.4%
4.1%
Cash Conversion
JRVR
JRVR
STKL
STKL
Q4 25
-0.59×
Q3 25
33.61×
20.03×
Q2 25
5.29×
-1.03×
Q1 25
-5.38×
4.63×
Q4 24
Q3 24
Q2 24
-1.14×
Q1 24
1.56×
1.83×

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%

STKL
STKL

Beverages And Broths$161.4M79%
Fruit Snacks$40.9M20%
Ingredients$3.1M2%

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