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

TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $167.7M, roughly 1.5× James River Group Holdings, Inc.). TRIMAS CORP runs the higher net margin — 31.9% vs 19.1%, a 12.7% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 3.8%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $-23.6M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% 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.

Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.

JRVR vs TRS — Head-to-Head

Bigger by revenue
TRS
TRS
1.5× larger
TRS
$256.5M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+28.5% gap
JRVR
32.4%
3.8%
TRS
Higher net margin
TRS
TRS
12.7% more per $
TRS
31.9%
19.1%
JRVR
More free cash flow
TRS
TRS
$60.4M more FCF
TRS
$36.8M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
TRS
TRS
Annualised
TRS
3.3%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
JRVR
JRVR
TRS
TRS
Revenue
$167.7M
$256.5M
Net Profit
$32.1M
$81.7M
Gross Margin
12.8%
Operating Margin
14.6%
5.7%
Net Margin
19.1%
31.9%
Revenue YoY
32.4%
3.8%
Net Profit YoY
149.5%
236.9%
EPS (diluted)
$0.59
$2.03

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
TRS
TRS
Q1 26
$256.5M
Q4 25
$167.7M
$-140.0M
Q3 25
$172.7M
$269.3M
Q2 25
$174.8M
$274.8M
Q1 25
$172.3M
$241.7M
Q4 24
$126.7M
$-66.2M
Q3 24
$191.5M
$229.4M
Q2 24
$188.3M
$240.5M
Net Profit
JRVR
JRVR
TRS
TRS
Q1 26
$81.7M
Q4 25
$32.1M
$81.7M
Q3 25
$1.0M
$9.3M
Q2 25
$4.8M
$16.7M
Q1 25
$9.6M
$12.4M
Q4 24
$-64.8M
$5.6M
Q3 24
$-39.4M
$2.5M
Q2 24
$7.6M
$10.9M
Gross Margin
JRVR
JRVR
TRS
TRS
Q1 26
12.8%
Q4 25
Q3 25
12.8%
Q2 25
13.8%
Q1 25
13.6%
Q4 24
Q3 24
15.4%
Q2 24
14.4%
Operating Margin
JRVR
JRVR
TRS
TRS
Q1 26
5.7%
Q4 25
14.6%
Q3 25
1.5%
6.2%
Q2 25
4.2%
9.9%
Q1 25
9.3%
9.0%
Q4 24
-57.0%
Q3 24
-27.1%
3.6%
Q2 24
10.7%
7.4%
Net Margin
JRVR
JRVR
TRS
TRS
Q1 26
31.9%
Q4 25
19.1%
-58.4%
Q3 25
0.6%
3.5%
Q2 25
2.7%
6.1%
Q1 25
5.6%
5.1%
Q4 24
-51.1%
-8.5%
Q3 24
-20.6%
1.1%
Q2 24
4.0%
4.5%
EPS (diluted)
JRVR
JRVR
TRS
TRS
Q1 26
$2.03
Q4 25
$0.59
$2.01
Q3 25
$-0.02
$0.23
Q2 25
$0.06
$0.41
Q1 25
$0.16
$0.30
Q4 24
$-2.44
$0.14
Q3 24
$-1.10
$0.06
Q2 24
$0.13
$0.27

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$260.9M
$30.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$538.2M
$705.6M
Total Assets
$4.9B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
TRS
TRS
Q1 26
$30.0M
Q4 25
$260.9M
$30.0M
Q3 25
$238.8M
$33.6M
Q2 25
$220.0M
$30.3M
Q1 25
$279.4M
$32.7M
Q4 24
$362.3M
$23.1M
Q3 24
$359.8M
$26.9M
Q2 24
$672.5M
$35.0M
Total Debt
JRVR
JRVR
TRS
TRS
Q1 26
Q4 25
$469.2M
Q3 25
$407.1M
Q2 25
$424.5M
Q1 25
$434.2M
Q4 24
$398.1M
Q3 24
$409.9M
Q2 24
$427.4M
Stockholders' Equity
JRVR
JRVR
TRS
TRS
Q1 26
$705.6M
Q4 25
$538.2M
$705.6M
Q3 25
$503.6M
$725.0M
Q2 25
$492.6M
$715.3M
Q1 25
$484.5M
$686.6M
Q4 24
$460.9M
$667.3M
Q3 24
$530.3M
$682.8M
Q2 24
$541.8M
$675.9M
Total Assets
JRVR
JRVR
TRS
TRS
Q1 26
$1.5B
Q4 25
$4.9B
$1.5B
Q3 25
$5.0B
$1.4B
Q2 25
$5.0B
$1.4B
Q1 25
$4.9B
$1.4B
Q4 24
$5.0B
$1.3B
Q3 24
$5.0B
$1.4B
Q2 24
$4.7B
$1.4B
Debt / Equity
JRVR
JRVR
TRS
TRS
Q1 26
Q4 25
0.66×
Q3 25
0.56×
Q2 25
0.59×
Q1 25
0.63×
Q4 24
0.60×
Q3 24
0.60×
Q2 24
0.63×

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
TRS
TRS
Operating Cash FlowLast quarter
$-18.8M
$117.5M
Free Cash FlowOCF − Capex
$-23.6M
$36.8M
FCF MarginFCF / Revenue
-14.1%
14.4%
Capex IntensityCapex / Revenue
2.9%
18.9%
Cash ConversionOCF / Net Profit
-0.59×
1.44×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
TRS
TRS
Q1 26
$117.5M
Q4 25
$-18.8M
$41.5M
Q3 25
$34.3M
$36.5M
Q2 25
$25.2M
$30.3M
Q1 25
$-51.5M
$9.2M
Q4 24
$-247.1M
$27.1M
Q3 24
$-269.9M
$22.0M
Q2 24
$-8.7M
$18.4M
Free Cash Flow
JRVR
JRVR
TRS
TRS
Q1 26
$36.8M
Q4 25
$-23.6M
$36.8M
Q3 25
$33.7M
$22.8M
Q2 25
$24.7M
$13.2M
Q1 25
$-52.7M
$-3.8M
Q4 24
$-252.0M
$12.1M
Q3 24
$-270.8M
$10.2M
Q2 24
$-9.3M
$7.5M
FCF Margin
JRVR
JRVR
TRS
TRS
Q1 26
14.4%
Q4 25
-14.1%
-26.3%
Q3 25
19.5%
8.5%
Q2 25
14.1%
4.8%
Q1 25
-30.6%
-1.6%
Q4 24
-198.9%
-18.3%
Q3 24
-141.4%
4.4%
Q2 24
-4.9%
3.1%
Capex Intensity
JRVR
JRVR
TRS
TRS
Q1 26
18.9%
Q4 25
2.9%
-3.4%
Q3 25
0.4%
5.1%
Q2 25
0.3%
6.2%
Q1 25
0.7%
5.4%
Q4 24
3.9%
-22.6%
Q3 24
0.4%
5.2%
Q2 24
0.3%
4.5%
Cash Conversion
JRVR
JRVR
TRS
TRS
Q1 26
1.44×
Q4 25
-0.59×
0.51×
Q3 25
33.61×
3.92×
Q2 25
5.29×
1.81×
Q1 25
-5.38×
0.74×
Q4 24
4.80×
Q3 24
8.71×
Q2 24
-1.14×
1.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JRVR
JRVR

Excess And Surplus Lines$156.7M93%
Specialty Admitted Insurance$10.9M7%

TRS
TRS

Segment breakdown not available.

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