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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $167.7M, roughly 1.2× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -3.1%, a 22.2% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -6.7%). ONE Group Hospitality, Inc. produced more free cash flow last quarter ($-329.0K vs $-23.6M). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
JRVR vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $207.0M |
| Net Profit | $32.1M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | 14.6% | 2.2% |
| Net Margin | 19.1% | -3.1% |
| Revenue YoY | 32.4% | -6.7% |
| Net Profit YoY | 149.5% | -531.8% |
| EPS (diluted) | $0.59 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $172.7M | $180.2M | ||
| Q2 25 | $174.8M | $207.4M | ||
| Q1 25 | $172.3M | $211.1M | ||
| Q4 24 | $126.7M | $221.9M | ||
| Q3 24 | $191.5M | $194.0M | ||
| Q2 24 | $188.3M | $172.5M | ||
| Q1 24 | $201.1M | $85.0M |
| Q4 25 | $32.1M | $-6.4M | ||
| Q3 25 | $1.0M | $-76.7M | ||
| Q2 25 | $4.8M | $-10.1M | ||
| Q1 25 | $9.6M | $975.0K | ||
| Q4 24 | $-64.8M | $1.5M | ||
| Q3 24 | $-39.4M | $-9.3M | ||
| Q2 24 | $7.6M | $-7.3M | ||
| Q1 24 | $15.4M | $-2.1M |
| Q4 25 | 14.6% | 2.2% | ||
| Q3 25 | 1.5% | -4.4% | ||
| Q2 25 | 4.2% | 0.3% | ||
| Q1 25 | 9.3% | 5.1% | ||
| Q4 24 | -57.0% | 5.5% | ||
| Q3 24 | -27.1% | -1.9% | ||
| Q2 24 | 10.7% | 0.6% | ||
| Q1 24 | 16.4% | -0.7% |
| Q4 25 | 19.1% | -3.1% | ||
| Q3 25 | 0.6% | -42.6% | ||
| Q2 25 | 2.7% | -4.9% | ||
| Q1 25 | 5.6% | 0.5% | ||
| Q4 24 | -51.1% | 0.7% | ||
| Q3 24 | -20.6% | -4.8% | ||
| Q2 24 | 4.0% | -4.3% | ||
| Q1 24 | 7.7% | -2.4% |
| Q4 25 | $0.59 | $-0.50 | ||
| Q3 25 | $-0.02 | $-2.75 | ||
| Q2 25 | $0.06 | $-0.59 | ||
| Q1 25 | $0.16 | $-0.21 | ||
| Q4 24 | $-2.44 | $-0.18 | ||
| Q3 24 | $-1.10 | $-0.53 | ||
| Q2 24 | $0.13 | $-0.38 | ||
| Q1 24 | $0.35 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $538.2M | $-75.8M |
| Total Assets | $4.9B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $4.2M | ||
| Q3 25 | $238.8M | $5.5M | ||
| Q2 25 | $220.0M | $4.7M | ||
| Q1 25 | $279.4M | $21.4M | ||
| Q4 24 | $362.3M | $27.6M | ||
| Q3 24 | $359.8M | $28.2M | ||
| Q2 24 | $672.5M | $32.2M | ||
| Q1 24 | $305.5M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $538.2M | $-75.8M | ||
| Q3 25 | $503.6M | $-61.5M | ||
| Q2 25 | $492.6M | $23.0M | ||
| Q1 25 | $484.5M | $40.5M | ||
| Q4 24 | $460.9M | $45.9M | ||
| Q3 24 | $530.3M | $51.4M | ||
| Q2 24 | $541.8M | $68.1M | ||
| Q1 24 | $539.5M | $68.3M |
| Q4 25 | $4.9B | $884.2M | ||
| Q3 25 | $5.0B | $879.5M | ||
| Q2 25 | $5.0B | $935.7M | ||
| Q1 25 | $4.9B | $956.0M | ||
| Q4 24 | $5.0B | $960.1M | ||
| Q3 24 | $5.0B | $953.5M | ||
| Q2 24 | $4.7B | $945.9M | ||
| Q1 24 | $5.3B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $-23.6M | $-329.0K |
| FCF MarginFCF / Revenue | -14.1% | -0.2% |
| Capex IntensityCapex / Revenue | 2.9% | 6.5% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $13.1M | ||
| Q3 25 | $34.3M | $5.9M | ||
| Q2 25 | $25.2M | $2.8M | ||
| Q1 25 | $-51.5M | $8.5M | ||
| Q4 24 | $-247.1M | $18.5M | ||
| Q3 24 | $-269.9M | $19.1M | ||
| Q2 24 | $-8.7M | $-3.8M | ||
| Q1 24 | $24.1M | $10.4M |
| Q4 25 | $-23.6M | $-329.0K | ||
| Q3 25 | $33.7M | $-6.1M | ||
| Q2 25 | $24.7M | $-15.0M | ||
| Q1 25 | $-52.7M | $-5.8M | ||
| Q4 24 | $-252.0M | $733.0K | ||
| Q3 24 | $-270.8M | $287.0K | ||
| Q2 24 | $-9.3M | $-23.0M | ||
| Q1 24 | $23.3M | $-5.4M |
| Q4 25 | -14.1% | -0.2% | ||
| Q3 25 | 19.5% | -3.4% | ||
| Q2 25 | 14.1% | -7.2% | ||
| Q1 25 | -30.6% | -2.7% | ||
| Q4 24 | -198.9% | 0.3% | ||
| Q3 24 | -141.4% | 0.1% | ||
| Q2 24 | -4.9% | -13.3% | ||
| Q1 24 | 11.6% | -6.4% |
| Q4 25 | 2.9% | 6.5% | ||
| Q3 25 | 0.4% | 6.7% | ||
| Q2 25 | 0.3% | 8.6% | ||
| Q1 25 | 0.7% | 6.8% | ||
| Q4 24 | 3.9% | 8.0% | ||
| Q3 24 | 0.4% | 9.7% | ||
| Q2 24 | 0.3% | 11.1% | ||
| Q1 24 | 0.4% | 18.6% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | -5.38× | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| 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
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
