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

Willdan Group, Inc. is the larger business by last-quarter revenue ($182.0M vs $151.4M, roughly 1.2× James River Group Holdings, Inc.). On growth, Willdan Group, Inc. posted the faster year-over-year revenue change (15.0% vs -12.1%). Over the past eight quarters, Willdan Group, Inc.'s revenue compounded faster (8.1% 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.

Willdan Group, Inc. (Willdan) is an American publicly traded company selling professional technical and consulting services to public and private utilities, public agencies at all levels of government, and commercial and industrial firms. The company operates offices in more than a dozen states, with its key operations in California and New York.

JRVR vs WLDN — Head-to-Head

Bigger by revenue
WLDN
WLDN
1.2× larger
WLDN
$182.0M
$151.4M
JRVR
Growing faster (revenue YoY)
WLDN
WLDN
+27.1% gap
WLDN
15.0%
-12.1%
JRVR
Faster 2-yr revenue CAGR
WLDN
WLDN
Annualised
WLDN
8.1%
-10.3%
JRVR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
JRVR
JRVR
WLDN
WLDN
Revenue
$151.4M
$182.0M
Net Profit
$13.7M
Gross Margin
36.9%
Operating Margin
8.2%
Net Margin
7.5%
Revenue YoY
-12.1%
15.0%
Net Profit YoY
86.8%
EPS (diluted)
$0.90

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
WLDN
WLDN
Q1 26
$151.4M
Q4 25
$167.7M
$182.0M
Q3 25
$172.7M
$173.5M
Q2 25
$174.8M
$152.4M
Q1 25
$172.3M
Q4 24
$126.7M
$144.1M
Q3 24
$191.5M
$158.3M
Q2 24
$188.3M
$141.0M
Net Profit
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
$32.1M
$13.7M
Q3 25
$1.0M
$15.4M
Q2 25
$4.8M
$4.7M
Q1 25
$9.6M
Q4 24
$-64.8M
$7.7M
Q3 24
$-39.4M
$7.3M
Q2 24
$7.6M
$4.6M
Gross Margin
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
36.9%
Q3 25
39.4%
Q2 25
37.8%
Q1 25
Q4 24
38.1%
Q3 24
32.6%
Q2 24
34.6%
Operating Margin
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
14.6%
8.2%
Q3 25
1.5%
6.8%
Q2 25
4.2%
4.6%
Q1 25
9.3%
Q4 24
-57.0%
7.5%
Q3 24
-27.1%
5.5%
Q2 24
10.7%
4.6%
Net Margin
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
19.1%
7.5%
Q3 25
0.6%
8.9%
Q2 25
2.7%
3.1%
Q1 25
5.6%
Q4 24
-51.1%
5.3%
Q3 24
-20.6%
4.6%
Q2 24
4.0%
3.3%
EPS (diluted)
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
$0.59
$0.90
Q3 25
$-0.02
$1.03
Q2 25
$0.06
$0.32
Q1 25
$0.16
Q4 24
$-2.44
$0.53
Q3 24
$-1.10
$0.51
Q2 24
$0.13
$0.33

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
WLDN
WLDN
Cash + ST InvestmentsLiquidity on hand
$228.2M
$33.1M
Total DebtLower is stronger
$49.1M
Stockholders' EquityBook value
$518.4M
$283.1M
Total Assets
$4.8B
$507.9M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
WLDN
WLDN
Q1 26
$228.2M
Q4 25
$260.9M
$33.1M
Q3 25
$238.8M
$32.3M
Q2 25
$220.0M
$38.4M
Q1 25
$279.4M
Q4 24
$362.3M
$74.2M
Q3 24
$359.8M
$53.1M
Q2 24
$672.5M
$44.3M
Total Debt
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
$49.1M
Q3 25
$59.7M
Q2 25
$86.9M
Q1 25
Q4 24
$89.5M
Q3 24
$91.9M
Q2 24
$93.7M
Stockholders' Equity
JRVR
JRVR
WLDN
WLDN
Q1 26
$518.4M
Q4 25
$538.2M
$283.1M
Q3 25
$503.6M
$265.9M
Q2 25
$492.6M
$245.5M
Q1 25
$484.5M
Q4 24
$460.9M
$234.3M
Q3 24
$530.3M
$224.0M
Q2 24
$541.8M
$213.0M
Total Assets
JRVR
JRVR
WLDN
WLDN
Q1 26
$4.8B
Q4 25
$4.9B
$507.9M
Q3 25
$5.0B
$484.9M
Q2 25
$5.0B
$471.2M
Q1 25
$4.9B
Q4 24
$5.0B
$464.9M
Q3 24
$5.0B
$447.3M
Q2 24
$4.7B
$421.3M
Debt / Equity
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
0.17×
Q3 25
0.22×
Q2 25
0.35×
Q1 25
Q4 24
0.38×
Q3 24
0.41×
Q2 24
0.44×

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
WLDN
WLDN
Operating Cash FlowLast quarter
$12.2M
Free Cash FlowOCF − Capex
$9.8M
FCF MarginFCF / Revenue
5.4%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
0.89×
TTM Free Cash FlowTrailing 4 quarters
$65.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
$-18.8M
$12.2M
Q3 25
$34.3M
$25.4M
Q2 25
$25.2M
$3.3M
Q1 25
$-51.5M
Q4 24
$-247.1M
$33.5M
Q3 24
$-269.9M
$10.8M
Q2 24
$-8.7M
$889.0K
Free Cash Flow
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
$-23.6M
$9.8M
Q3 25
$33.7M
$23.2M
Q2 25
$24.7M
$1.0M
Q1 25
$-52.7M
Q4 24
$-252.0M
$31.1M
Q3 24
$-270.8M
$8.8M
Q2 24
$-9.3M
$-1.3M
FCF Margin
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
-14.1%
5.4%
Q3 25
19.5%
13.4%
Q2 25
14.1%
0.7%
Q1 25
-30.6%
Q4 24
-198.9%
21.6%
Q3 24
-141.4%
5.6%
Q2 24
-4.9%
-0.9%
Capex Intensity
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
2.9%
1.3%
Q3 25
0.4%
1.3%
Q2 25
0.3%
1.5%
Q1 25
0.7%
Q4 24
3.9%
1.6%
Q3 24
0.4%
1.2%
Q2 24
0.3%
1.5%
Cash Conversion
JRVR
JRVR
WLDN
WLDN
Q1 26
Q4 25
-0.59×
0.89×
Q3 25
33.61×
1.65×
Q2 25
5.29×
0.71×
Q1 25
-5.38×
Q4 24
4.35×
Q3 24
1.47×
Q2 24
-1.14×
0.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JRVR
JRVR

Segment breakdown not available.

WLDN
WLDN

Public Utility$74.2M41%
Governments$64.6M35%
Engineering Consulting Services$27.3M15%
Commercial$15.9M9%
Alternative Power Generation Inc$4.8M3%

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