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

Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $167.7M, roughly 1.1× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -4.5%, a 23.6% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 29.5%). Xometry, Inc. produced more free cash flow last quarter ($-5.9M vs $-23.6M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.

Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.

JRVR vs XMTR — Head-to-Head

Bigger by revenue
XMTR
XMTR
1.1× larger
XMTR
$192.4M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+2.9% gap
JRVR
32.4%
29.5%
XMTR
Higher net margin
JRVR
JRVR
23.6% more per $
JRVR
19.1%
-4.5%
XMTR
More free cash flow
XMTR
XMTR
$17.7M more FCF
XMTR
$-5.9M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
XMTR
XMTR
Annualised
XMTR
25.2%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JRVR
JRVR
XMTR
XMTR
Revenue
$167.7M
$192.4M
Net Profit
$32.1M
$-8.6M
Gross Margin
39.1%
Operating Margin
14.6%
-4.6%
Net Margin
19.1%
-4.5%
Revenue YoY
32.4%
29.5%
Net Profit YoY
149.5%
12.7%
EPS (diluted)
$0.59

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
XMTR
XMTR
Q4 25
$167.7M
$192.4M
Q3 25
$172.7M
$180.7M
Q2 25
$174.8M
$162.5M
Q1 25
$172.3M
$151.0M
Q4 24
$126.7M
$148.5M
Q3 24
$191.5M
$141.7M
Q2 24
$188.3M
$132.6M
Q1 24
$201.1M
$122.7M
Net Profit
JRVR
JRVR
XMTR
XMTR
Q4 25
$32.1M
$-8.6M
Q3 25
$1.0M
$-11.6M
Q2 25
$4.8M
$-26.4M
Q1 25
$9.6M
$-15.1M
Q4 24
$-64.8M
$-9.9M
Q3 24
$-39.4M
$-10.2M
Q2 24
$7.6M
$-13.7M
Q1 24
$15.4M
$-16.6M
Gross Margin
JRVR
JRVR
XMTR
XMTR
Q4 25
39.1%
Q3 25
39.9%
Q2 25
40.1%
Q1 25
37.3%
Q4 24
39.7%
Q3 24
39.4%
Q2 24
39.9%
Q1 24
39.0%
Operating Margin
JRVR
JRVR
XMTR
XMTR
Q4 25
14.6%
-4.6%
Q3 25
1.5%
-6.1%
Q2 25
4.2%
-6.3%
Q1 25
9.3%
-10.2%
Q4 24
-57.0%
-7.8%
Q3 24
-27.1%
-8.1%
Q2 24
10.7%
-11.5%
Q1 24
16.4%
-14.6%
Net Margin
JRVR
JRVR
XMTR
XMTR
Q4 25
19.1%
-4.5%
Q3 25
0.6%
-6.4%
Q2 25
2.7%
-16.3%
Q1 25
5.6%
-10.0%
Q4 24
-51.1%
-6.7%
Q3 24
-20.6%
-7.2%
Q2 24
4.0%
-10.3%
Q1 24
7.7%
-13.5%
EPS (diluted)
JRVR
JRVR
XMTR
XMTR
Q4 25
$0.59
Q3 25
$-0.02
Q2 25
$0.06
Q1 25
$0.16
Q4 24
$-2.44
Q3 24
$-1.10
Q2 24
$0.13
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
XMTR
XMTR
Cash + ST InvestmentsLiquidity on hand
$260.9M
$219.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$538.2M
$275.6M
Total Assets
$4.9B
$703.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
XMTR
XMTR
Q4 25
$260.9M
$219.1M
Q3 25
$238.8M
$224.5M
Q2 25
$220.0M
$225.8M
Q1 25
$279.4M
$231.4M
Q4 24
$362.3M
$239.8M
Q3 24
$359.8M
$234.0M
Q2 24
$672.5M
$240.9M
Q1 24
$305.5M
$253.8M
Stockholders' Equity
JRVR
JRVR
XMTR
XMTR
Q4 25
$538.2M
$275.6M
Q3 25
$503.6M
$272.0M
Q2 25
$492.6M
$270.4M
Q1 25
$484.5M
$309.9M
Q4 24
$460.9M
$314.5M
Q3 24
$530.3M
$315.2M
Q2 24
$541.8M
$315.8M
Q1 24
$539.5M
$320.4M
Total Assets
JRVR
JRVR
XMTR
XMTR
Q4 25
$4.9B
$703.7M
Q3 25
$5.0B
$698.9M
Q2 25
$5.0B
$687.0M
Q1 25
$4.9B
$690.1M
Q4 24
$5.0B
$680.1M
Q3 24
$5.0B
$678.2M
Q2 24
$4.7B
$678.6M
Q1 24
$5.3B
$692.5M

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
XMTR
XMTR
Operating Cash FlowLast quarter
$-18.8M
$4.4M
Free Cash FlowOCF − Capex
$-23.6M
$-5.9M
FCF MarginFCF / Revenue
-14.1%
-3.0%
Capex IntensityCapex / Revenue
2.9%
5.3%
Cash ConversionOCF / Net Profit
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$-17.9M
$-24.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRVR
JRVR
XMTR
XMTR
Q4 25
$-18.8M
$4.4M
Q3 25
$34.3M
$5.8M
Q2 25
$25.2M
$-427.0K
Q1 25
$-51.5M
$-3.7M
Q4 24
$-247.1M
$9.1M
Q3 24
$-269.9M
$-3.6M
Q2 24
$-8.7M
$-9.1M
Q1 24
$24.1M
$-11.7M
Free Cash Flow
JRVR
JRVR
XMTR
XMTR
Q4 25
$-23.6M
$-5.9M
Q3 25
$33.7M
$-1.7M
Q2 25
$24.7M
$-7.4M
Q1 25
$-52.7M
$-9.2M
Q4 24
$-252.0M
$4.5M
Q3 24
$-270.8M
$-8.4M
Q2 24
$-9.3M
$-13.5M
Q1 24
$23.3M
$-16.1M
FCF Margin
JRVR
JRVR
XMTR
XMTR
Q4 25
-14.1%
-3.0%
Q3 25
19.5%
-0.9%
Q2 25
14.1%
-4.5%
Q1 25
-30.6%
-6.1%
Q4 24
-198.9%
3.1%
Q3 24
-141.4%
-6.0%
Q2 24
-4.9%
-10.2%
Q1 24
11.6%
-13.1%
Capex Intensity
JRVR
JRVR
XMTR
XMTR
Q4 25
2.9%
5.3%
Q3 25
0.4%
4.1%
Q2 25
0.3%
4.3%
Q1 25
0.7%
3.6%
Q4 24
3.9%
3.1%
Q3 24
0.4%
3.4%
Q2 24
0.3%
3.3%
Q1 24
0.4%
3.5%
Cash Conversion
JRVR
JRVR
XMTR
XMTR
Q4 25
-0.59×
Q3 25
33.61×
Q2 25
5.29×
Q1 25
-5.38×
Q4 24
Q3 24
Q2 24
-1.14×
Q1 24
1.56×

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%

XMTR
XMTR

US$159.1M83%
Non Us$33.3M17%

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