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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $167.7M, roughly 1.5× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 10.6%, a 8.5% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-23.6M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
JRVR vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $245.3M |
| Net Profit | $32.1M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 14.6% | 18.3% |
| Net Margin | 19.1% | 10.6% |
| Revenue YoY | 32.4% | 2.4% |
| Net Profit YoY | 149.5% | -44.5% |
| EPS (diluted) | $0.59 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $172.7M | $260.5M | ||
| Q2 25 | $174.8M | $255.5M | ||
| Q1 25 | $172.3M | $222.3M | ||
| Q4 24 | $126.7M | $239.6M | ||
| Q3 24 | $191.5M | $238.3M | ||
| Q2 24 | $188.3M | $219.7M | ||
| Q1 24 | $201.1M | $192.6M |
| Q4 25 | $32.1M | $26.1M | ||
| Q3 25 | $1.0M | $47.2M | ||
| Q2 25 | $4.8M | $44.1M | ||
| Q1 25 | $9.6M | $42.2M | ||
| Q4 24 | $-64.8M | $47.0M | ||
| Q3 24 | $-39.4M | $49.5M | ||
| Q2 24 | $7.6M | $35.0M | ||
| Q1 24 | $15.4M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | 14.6% | 18.3% | ||
| Q3 25 | 1.5% | 25.1% | ||
| Q2 25 | 4.2% | 24.0% | ||
| Q1 25 | 9.3% | 26.7% | ||
| Q4 24 | -57.0% | 28.0% | ||
| Q3 24 | -27.1% | 28.4% | ||
| Q2 24 | 10.7% | 23.3% | ||
| Q1 24 | 16.4% | 21.3% |
| Q4 25 | 19.1% | 10.6% | ||
| Q3 25 | 0.6% | 18.1% | ||
| Q2 25 | 2.7% | 17.3% | ||
| Q1 25 | 5.6% | 19.0% | ||
| Q4 24 | -51.1% | 19.6% | ||
| Q3 24 | -20.6% | 20.8% | ||
| Q2 24 | 4.0% | 15.9% | ||
| Q1 24 | 7.7% | 15.4% |
| Q4 25 | $0.59 | $0.57 | ||
| Q3 25 | $-0.02 | $1.01 | ||
| Q2 25 | $0.06 | $0.94 | ||
| Q1 25 | $0.16 | $0.90 | ||
| Q4 24 | $-2.44 | $1.00 | ||
| Q3 24 | $-1.10 | $1.05 | ||
| Q2 24 | $0.13 | $0.75 | ||
| Q1 24 | $0.35 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $538.2M | $713.1M |
| Total Assets | $4.9B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $104.1M | ||
| Q3 25 | $238.8M | $127.1M | ||
| Q2 25 | $220.0M | $140.9M | ||
| Q1 25 | $279.4M | $160.2M | ||
| Q4 24 | $362.3M | $137.5M | ||
| Q3 24 | $359.8M | $124.8M | ||
| Q2 24 | $672.5M | $129.5M | ||
| Q1 24 | $305.5M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $538.2M | $713.1M | ||
| Q3 25 | $503.6M | $764.0M | ||
| Q2 25 | $492.6M | $736.0M | ||
| Q1 25 | $484.5M | $685.1M | ||
| Q4 24 | $460.9M | $631.2M | ||
| Q3 24 | $530.3M | $613.3M | ||
| Q2 24 | $541.8M | $574.8M | ||
| Q1 24 | $539.5M | $573.6M |
| Q4 25 | $4.9B | $1.3B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.0B | $1.2B | ||
| Q1 25 | $4.9B | $1.1B | ||
| Q4 24 | $5.0B | $1.0B | ||
| Q3 24 | $5.0B | $996.3M | ||
| Q2 24 | $4.7B | $942.5M | ||
| Q1 24 | $5.3B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $-23.6M | $11.4M |
| FCF MarginFCF / Revenue | -14.1% | 4.7% |
| Capex IntensityCapex / Revenue | 2.9% | 8.0% |
| Cash ConversionOCF / Net Profit | -0.59× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $31.0M | ||
| Q3 25 | $34.3M | $40.0M | ||
| Q2 25 | $25.2M | $17.9M | ||
| Q1 25 | $-51.5M | $46.9M | ||
| Q4 24 | $-247.1M | $61.1M | ||
| Q3 24 | $-269.9M | $41.5M | ||
| Q2 24 | $-8.7M | $34.5M | ||
| Q1 24 | $24.1M | $33.4M |
| Q4 25 | $-23.6M | $11.4M | ||
| Q3 25 | $33.7M | $21.2M | ||
| Q2 25 | $24.7M | $-14.7M | ||
| Q1 25 | $-52.7M | $16.5M | ||
| Q4 24 | $-252.0M | $35.4M | ||
| Q3 24 | $-270.8M | $17.8M | ||
| Q2 24 | $-9.3M | $14.2M | ||
| Q1 24 | $23.3M | $23.6M |
| Q4 25 | -14.1% | 4.7% | ||
| Q3 25 | 19.5% | 8.2% | ||
| Q2 25 | 14.1% | -5.7% | ||
| Q1 25 | -30.6% | 7.4% | ||
| Q4 24 | -198.9% | 14.8% | ||
| Q3 24 | -141.4% | 7.5% | ||
| Q2 24 | -4.9% | 6.5% | ||
| Q1 24 | 11.6% | 12.2% |
| Q4 25 | 2.9% | 8.0% | ||
| Q3 25 | 0.4% | 7.2% | ||
| Q2 25 | 0.3% | 12.7% | ||
| Q1 25 | 0.7% | 13.7% | ||
| Q4 24 | 3.9% | 10.7% | ||
| Q3 24 | 0.4% | 9.9% | ||
| Q2 24 | 0.3% | 9.2% | ||
| Q1 24 | 0.4% | 5.1% |
| Q4 25 | -0.59× | 1.19× | ||
| Q3 25 | 33.61× | 0.85× | ||
| Q2 25 | 5.29× | 0.41× | ||
| Q1 25 | -5.38× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | -1.14× | 0.98× | ||
| Q1 24 | 1.56× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
