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

TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $151.4M, roughly 2.3× James River Group Holdings, Inc.). On growth, TREX CO INC posted the faster year-over-year revenue change (1.0% vs -12.1%). Over the past eight quarters, TREX CO INC's revenue compounded faster (-4.5% CAGR vs -10.3%).

James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.

Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.

JRVR vs TREX — Head-to-Head

Bigger by revenue
TREX
TREX
2.3× larger
TREX
$343.4M
$151.4M
JRVR
Growing faster (revenue YoY)
TREX
TREX
+13.1% gap
TREX
1.0%
-12.1%
JRVR
Faster 2-yr revenue CAGR
TREX
TREX
Annualised
TREX
-4.5%
-10.3%
JRVR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
JRVR
JRVR
TREX
TREX
Revenue
$151.4M
$343.4M
Net Profit
$61.4M
Gross Margin
40.5%
Operating Margin
24.3%
Net Margin
17.9%
Revenue YoY
-12.1%
1.0%
Net Profit YoY
1.6%
EPS (diluted)
$0.58

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
TREX
TREX
Q1 26
$151.4M
$343.4M
Q4 25
$167.7M
$161.1M
Q3 25
$172.7M
$285.3M
Q2 25
$174.8M
$387.8M
Q1 25
$172.3M
$340.0M
Q4 24
$126.7M
$167.6M
Q3 24
$191.5M
$233.7M
Q2 24
$188.3M
$376.5M
Net Profit
JRVR
JRVR
TREX
TREX
Q1 26
$61.4M
Q4 25
$32.1M
$2.3M
Q3 25
$1.0M
$51.8M
Q2 25
$4.8M
$75.9M
Q1 25
$9.6M
$60.4M
Q4 24
$-64.8M
$9.8M
Q3 24
$-39.4M
$40.6M
Q2 24
$7.6M
$87.0M
Gross Margin
JRVR
JRVR
TREX
TREX
Q1 26
40.5%
Q4 25
30.2%
Q3 25
40.5%
Q2 25
40.8%
Q1 25
40.5%
Q4 24
32.7%
Q3 24
39.9%
Q2 24
44.7%
Operating Margin
JRVR
JRVR
TREX
TREX
Q1 26
24.3%
Q4 25
14.6%
2.2%
Q3 25
1.5%
24.7%
Q2 25
4.2%
26.4%
Q1 25
9.3%
24.0%
Q4 24
-57.0%
9.2%
Q3 24
-27.1%
23.2%
Q2 24
10.7%
31.1%
Net Margin
JRVR
JRVR
TREX
TREX
Q1 26
17.9%
Q4 25
19.1%
1.4%
Q3 25
0.6%
18.1%
Q2 25
2.7%
19.6%
Q1 25
5.6%
17.8%
Q4 24
-51.1%
5.8%
Q3 24
-20.6%
17.4%
Q2 24
4.0%
23.1%
EPS (diluted)
JRVR
JRVR
TREX
TREX
Q1 26
$0.58
Q4 25
$0.59
$0.03
Q3 25
$-0.02
$0.48
Q2 25
$0.06
$0.71
Q1 25
$0.16
$0.56
Q4 24
$-2.44
$0.10
Q3 24
$-1.10
$0.37
Q2 24
$0.13
$0.80

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
TREX
TREX
Cash + ST InvestmentsLiquidity on hand
$228.2M
$4.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$518.4M
$995.8M
Total Assets
$4.8B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
TREX
TREX
Q1 26
$228.2M
$4.5M
Q4 25
$260.9M
$3.8M
Q3 25
$238.8M
$11.4M
Q2 25
$220.0M
$5.5M
Q1 25
$279.4M
$5.0M
Q4 24
$362.3M
$1.3M
Q3 24
$359.8M
$12.8M
Q2 24
$672.5M
$1.2M
Stockholders' Equity
JRVR
JRVR
TREX
TREX
Q1 26
$518.4M
$995.8M
Q4 25
$538.2M
$1.0B
Q3 25
$503.6M
$1.0B
Q2 25
$492.6M
$989.3M
Q1 25
$484.5M
$910.1M
Q4 24
$460.9M
$850.1M
Q3 24
$530.3M
$887.9M
Q2 24
$541.8M
$894.9M
Total Assets
JRVR
JRVR
TREX
TREX
Q1 26
$4.8B
$1.7B
Q4 25
$4.9B
$1.5B
Q3 25
$5.0B
$1.5B
Q2 25
$5.0B
$1.5B
Q1 25
$4.9B
$1.6B
Q4 24
$5.0B
$1.3B
Q3 24
$5.0B
$1.3B
Q2 24
$4.7B
$1.3B

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
TREX
TREX
Operating Cash FlowLast quarter
$-118.4M
Free Cash FlowOCF − Capex
$-143.4M
FCF MarginFCF / Revenue
-41.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.93×
TTM Free Cash FlowTrailing 4 quarters
$224.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
TREX
TREX
Q1 26
$-118.4M
Q4 25
$-18.8M
$65.5M
Q3 25
$34.3M
$196.9M
Q2 25
$25.2M
$249.8M
Q1 25
$-51.5M
$-154.0M
Q4 24
$-247.1M
$-8.5M
Q3 24
$-269.9M
$132.8M
Q2 24
$-8.7M
$193.7M
Free Cash Flow
JRVR
JRVR
TREX
TREX
Q1 26
$-143.4M
Q4 25
$-23.6M
$22.1M
Q3 25
$33.7M
$142.9M
Q2 25
$24.7M
$203.0M
Q1 25
$-52.7M
$-233.5M
Q4 24
$-252.0M
$-89.3M
Q3 24
$-270.8M
$54.5M
Q2 24
$-9.3M
$158.2M
FCF Margin
JRVR
JRVR
TREX
TREX
Q1 26
-41.8%
Q4 25
-14.1%
13.7%
Q3 25
19.5%
50.1%
Q2 25
14.1%
52.3%
Q1 25
-30.6%
-68.7%
Q4 24
-198.9%
-53.3%
Q3 24
-141.4%
23.3%
Q2 24
-4.9%
42.0%
Capex Intensity
JRVR
JRVR
TREX
TREX
Q1 26
Q4 25
2.9%
26.9%
Q3 25
0.4%
18.9%
Q2 25
0.3%
12.1%
Q1 25
0.7%
23.4%
Q4 24
3.9%
48.2%
Q3 24
0.4%
33.5%
Q2 24
0.3%
9.4%
Cash Conversion
JRVR
JRVR
TREX
TREX
Q1 26
-1.93×
Q4 25
-0.59×
28.45×
Q3 25
33.61×
3.80×
Q2 25
5.29×
3.29×
Q1 25
-5.38×
-2.55×
Q4 24
-0.87×
Q3 24
3.27×
Q2 24
-1.14×
2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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