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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and SMITH & WESSON BRANDS, INC. (SWBI). 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 $124.7M, roughly 1.3× SMITH & WESSON BRANDS, INC.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 1.5%, a 17.6% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-23.6M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% 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 SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $124.7M |
| Net Profit | $32.1M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 14.6% | 3.3% |
| Net Margin | 19.1% | 1.5% |
| Revenue YoY | 32.4% | -3.9% |
| Net Profit YoY | 149.5% | -53.6% |
| EPS (diluted) | $0.59 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $172.7M | $85.1M | ||
| Q2 25 | $174.8M | $140.8M | ||
| Q1 25 | $172.3M | $115.9M | ||
| Q4 24 | $126.7M | $129.7M | ||
| Q3 24 | $191.5M | $88.3M | ||
| Q2 24 | $188.3M | $159.1M | ||
| Q1 24 | $201.1M | $137.5M |
| Q4 25 | $32.1M | $1.9M | ||
| Q3 25 | $1.0M | $-3.4M | ||
| Q2 25 | $4.8M | $8.6M | ||
| Q1 25 | $9.6M | $2.1M | ||
| Q4 24 | $-64.8M | $4.5M | ||
| Q3 24 | $-39.4M | $-1.9M | ||
| Q2 24 | $7.6M | $27.9M | ||
| Q1 24 | $15.4M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | 14.6% | 3.3% | ||
| Q3 25 | 1.5% | -3.5% | ||
| Q2 25 | 4.2% | 9.3% | ||
| Q1 25 | 9.3% | 4.1% | ||
| Q4 24 | -57.0% | 5.8% | ||
| Q3 24 | -27.1% | -1.7% | ||
| Q2 24 | 10.7% | 17.4% | ||
| Q1 24 | 16.4% | 8.2% |
| Q4 25 | 19.1% | 1.5% | ||
| Q3 25 | 0.6% | -4.0% | ||
| Q2 25 | 2.7% | 6.1% | ||
| Q1 25 | 5.6% | 1.8% | ||
| Q4 24 | -51.1% | 3.5% | ||
| Q3 24 | -20.6% | -2.1% | ||
| Q2 24 | 4.0% | 17.5% | ||
| Q1 24 | 7.7% | 5.7% |
| Q4 25 | $0.59 | $0.04 | ||
| Q3 25 | $-0.02 | $-0.08 | ||
| Q2 25 | $0.06 | $0.19 | ||
| Q1 25 | $0.16 | $0.05 | ||
| Q4 24 | $-2.44 | $0.10 | ||
| Q3 24 | $-1.10 | $-0.04 | ||
| Q2 24 | $0.13 | $0.60 | ||
| Q1 24 | $0.35 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $538.2M | $363.2M |
| Total Assets | $4.9B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $22.4M | ||
| Q3 25 | $238.8M | $18.0M | ||
| Q2 25 | $220.0M | $25.2M | ||
| Q1 25 | $279.4M | $26.7M | ||
| Q4 24 | $362.3M | $39.1M | ||
| Q3 24 | $359.8M | $35.5M | ||
| Q2 24 | $672.5M | $60.8M | ||
| Q1 24 | $305.5M | $47.4M |
| Q4 25 | $538.2M | $363.2M | ||
| Q3 25 | $503.6M | $364.4M | ||
| Q2 25 | $492.6M | $372.5M | ||
| Q1 25 | $484.5M | $366.9M | ||
| Q4 24 | $460.9M | $371.5M | ||
| Q3 24 | $530.3M | $380.0M | ||
| Q2 24 | $541.8M | $399.9M | ||
| Q1 24 | $539.5M | $376.4M |
| Q4 25 | $4.9B | $548.6M | ||
| Q3 25 | $5.0B | $554.6M | ||
| Q2 25 | $5.0B | $559.6M | ||
| Q1 25 | $4.9B | $578.9M | ||
| Q4 24 | $5.0B | $587.4M | ||
| Q3 24 | $5.0B | $571.3M | ||
| Q2 24 | $4.7B | $577.4M | ||
| Q1 24 | $5.3B | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $-23.6M | $16.3M |
| FCF MarginFCF / Revenue | -14.1% | 13.1% |
| Capex IntensityCapex / Revenue | 2.9% | 8.8% |
| Cash ConversionOCF / Net Profit | -0.59× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $27.3M | ||
| Q3 25 | $34.3M | $-8.1M | ||
| Q2 25 | $25.2M | $40.8M | ||
| Q1 25 | $-51.5M | $-9.8M | ||
| Q4 24 | $-247.1M | $-7.4M | ||
| Q3 24 | $-269.9M | $-30.8M | ||
| Q2 24 | $-8.7M | $43.7M | ||
| Q1 24 | $24.1M | $25.2M |
| Q4 25 | $-23.6M | $16.3M | ||
| Q3 25 | $33.7M | $-12.4M | ||
| Q2 25 | $24.7M | $33.5M | ||
| Q1 25 | $-52.7M | $-16.1M | ||
| Q4 24 | $-252.0M | $-10.7M | ||
| Q3 24 | $-270.8M | $-35.5M | ||
| Q2 24 | $-9.3M | $38.2M | ||
| Q1 24 | $23.3M | $7.0M |
| Q4 25 | -14.1% | 13.1% | ||
| Q3 25 | 19.5% | -14.6% | ||
| Q2 25 | 14.1% | 23.8% | ||
| Q1 25 | -30.6% | -13.9% | ||
| Q4 24 | -198.9% | -8.3% | ||
| Q3 24 | -141.4% | -40.2% | ||
| Q2 24 | -4.9% | 24.0% | ||
| Q1 24 | 11.6% | 5.1% |
| Q4 25 | 2.9% | 8.8% | ||
| Q3 25 | 0.4% | 5.0% | ||
| Q2 25 | 0.3% | 5.2% | ||
| Q1 25 | 0.7% | 5.4% | ||
| Q4 24 | 3.9% | 2.5% | ||
| Q3 24 | 0.4% | 5.3% | ||
| Q2 24 | 0.3% | 3.5% | ||
| Q1 24 | 0.4% | 13.2% |
| Q4 25 | -0.59× | 14.22× | ||
| Q3 25 | 33.61× | — | ||
| Q2 25 | 5.29× | 4.73× | ||
| Q1 25 | -5.38× | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.14× | 1.57× | ||
| Q1 24 | 1.56× | 3.20× |
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% |
SWBI
Segment breakdown not available.
