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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Latham Group, Inc. (SWIM). 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 $100.0M, roughly 1.7× Latham Group, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -7.0%, a 26.1% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-23.6M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% 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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
JRVR vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $100.0M |
| Net Profit | $32.1M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 14.6% | -10.7% |
| Net Margin | 19.1% | -7.0% |
| Revenue YoY | 32.4% | 14.5% |
| Net Profit YoY | 149.5% | 76.0% |
| EPS (diluted) | $0.59 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $172.7M | $161.9M | ||
| Q2 25 | $174.8M | $172.6M | ||
| Q1 25 | $172.3M | $111.4M | ||
| Q4 24 | $126.7M | $87.3M | ||
| Q3 24 | $191.5M | $150.5M | ||
| Q2 24 | $188.3M | $160.1M | ||
| Q1 24 | $201.1M | $110.6M |
| Q4 25 | $32.1M | $-7.0M | ||
| Q3 25 | $1.0M | $8.1M | ||
| Q2 25 | $4.8M | $16.0M | ||
| Q1 25 | $9.6M | $-6.0M | ||
| Q4 24 | $-64.8M | $-29.2M | ||
| Q3 24 | $-39.4M | $5.9M | ||
| Q2 24 | $7.6M | $13.3M | ||
| Q1 24 | $15.4M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | 14.6% | -10.7% | ||
| Q3 25 | 1.5% | 13.3% | ||
| Q2 25 | 4.2% | 14.3% | ||
| Q1 25 | 9.3% | -4.4% | ||
| Q4 24 | -57.0% | -14.9% | ||
| Q3 24 | -27.1% | 8.9% | ||
| Q2 24 | 10.7% | 12.5% | ||
| Q1 24 | 16.4% | -1.9% |
| Q4 25 | 19.1% | -7.0% | ||
| Q3 25 | 0.6% | 5.0% | ||
| Q2 25 | 2.7% | 9.3% | ||
| Q1 25 | 5.6% | -5.4% | ||
| Q4 24 | -51.1% | -33.4% | ||
| Q3 24 | -20.6% | 3.9% | ||
| Q2 24 | 4.0% | 8.3% | ||
| Q1 24 | 7.7% | -7.1% |
| Q4 25 | $0.59 | $-0.06 | ||
| Q3 25 | $-0.02 | $0.07 | ||
| Q2 25 | $0.06 | $0.13 | ||
| Q1 25 | $0.16 | $-0.05 | ||
| Q4 24 | $-2.44 | $-0.24 | ||
| Q3 24 | $-1.10 | $0.05 | ||
| Q2 24 | $0.13 | $0.11 | ||
| 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 | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $538.2M | $405.9M |
| Total Assets | $4.9B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | — | ||
| Q3 25 | $238.8M | — | ||
| Q2 25 | $220.0M | — | ||
| Q1 25 | $279.4M | — | ||
| Q4 24 | $362.3M | — | ||
| Q3 24 | $359.8M | — | ||
| Q2 24 | $672.5M | — | ||
| Q1 24 | $305.5M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $538.2M | $405.9M | ||
| Q3 25 | $503.6M | $408.4M | ||
| Q2 25 | $492.6M | $398.4M | ||
| Q1 25 | $484.5M | $381.1M | ||
| Q4 24 | $460.9M | $387.2M | ||
| Q3 24 | $530.3M | $416.6M | ||
| Q2 24 | $541.8M | $408.1M | ||
| Q1 24 | $539.5M | $391.8M |
| Q4 25 | $4.9B | $823.2M | ||
| Q3 25 | $5.0B | $844.4M | ||
| Q2 25 | $5.0B | $822.1M | ||
| Q1 25 | $4.9B | $824.6M | ||
| Q4 24 | $5.0B | $794.2M | ||
| Q3 24 | $5.0B | $853.4M | ||
| Q2 24 | $4.7B | $830.0M | ||
| Q1 24 | $5.3B | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $-23.6M | $14.1M |
| FCF MarginFCF / Revenue | -14.1% | 14.1% |
| Capex IntensityCapex / Revenue | 2.9% | 9.2% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $23.3M | ||
| Q3 25 | $34.3M | $51.0M | ||
| Q2 25 | $25.2M | $36.0M | ||
| Q1 25 | $-51.5M | $-46.9M | ||
| Q4 24 | $-247.1M | $6.2M | ||
| Q3 24 | $-269.9M | $37.2M | ||
| Q2 24 | $-8.7M | $52.4M | ||
| Q1 24 | $24.1M | $-34.5M |
| Q4 25 | $-23.6M | $14.1M | ||
| Q3 25 | $33.7M | $45.2M | ||
| Q2 25 | $24.7M | $29.1M | ||
| Q1 25 | $-52.7M | $-50.3M | ||
| Q4 24 | $-252.0M | $-98.0K | ||
| Q3 24 | $-270.8M | $33.2M | ||
| Q2 24 | $-9.3M | $47.9M | ||
| Q1 24 | $23.3M | $-39.9M |
| Q4 25 | -14.1% | 14.1% | ||
| Q3 25 | 19.5% | 27.9% | ||
| Q2 25 | 14.1% | 16.8% | ||
| Q1 25 | -30.6% | -45.2% | ||
| Q4 24 | -198.9% | -0.1% | ||
| Q3 24 | -141.4% | 22.1% | ||
| Q2 24 | -4.9% | 29.9% | ||
| Q1 24 | 11.6% | -36.0% |
| Q4 25 | 2.9% | 9.2% | ||
| Q3 25 | 0.4% | 3.6% | ||
| Q2 25 | 0.3% | 4.0% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 3.9% | 7.2% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.3% | 2.8% | ||
| Q1 24 | 0.4% | 4.8% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | 6.29× | ||
| Q2 25 | 5.29× | 2.25× | ||
| Q1 25 | -5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | -1.14× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
