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Side-by-side financial comparison of Navigator Holdings Ltd. (NVGS) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.

BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $129.6M, roughly 1.5× Navigator Holdings Ltd.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 16.5%, a 31.4% gap on every dollar of revenue. On growth, Navigator Holdings Ltd. posted the faster year-over-year revenue change (-11.6% vs -21.9%).

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

NVGS vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.5× larger
RILY
$188.3M
$129.6M
NVGS
Growing faster (revenue YoY)
NVGS
NVGS
+10.2% gap
NVGS
-11.6%
-21.9%
RILY
Higher net margin
RILY
RILY
31.4% more per $
RILY
47.9%
16.5%
NVGS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
RILY
RILY
Revenue
$129.6M
$188.3M
Net Profit
$21.5M
$90.3M
Gross Margin
79.5%
Operating Margin
15.8%
32.3%
Net Margin
16.5%
47.9%
Revenue YoY
-11.6%
-21.9%
Net Profit YoY
-7.7%
1710.8%
EPS (diluted)
$0.31
$2.78

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
NVGS
NVGS
RILY
RILY
Q4 25
$188.3M
Q3 25
$215.3M
Q2 25
$129.6M
$188.2M
Q1 25
$197.2M
Q4 24
$241.0M
Q3 24
$225.5M
Q2 24
$146.7M
$256.0M
Q1 24
$263.4M
Net Profit
NVGS
NVGS
RILY
RILY
Q4 25
$90.3M
Q3 25
$91.1M
Q2 25
$21.5M
$139.5M
Q1 25
$-10.0M
Q4 24
$-5.6M
Q3 24
$-284.4M
Q2 24
$23.2M
$-433.6M
Q1 24
$-49.2M
Gross Margin
NVGS
NVGS
RILY
RILY
Q4 25
79.5%
Q3 25
83.7%
Q2 25
81.3%
Q1 25
81.4%
Q4 24
79.8%
Q3 24
82.1%
Q2 24
84.5%
Q1 24
85.3%
Operating Margin
NVGS
NVGS
RILY
RILY
Q4 25
32.3%
Q3 25
30.4%
Q2 25
15.8%
5.7%
Q1 25
-31.2%
Q4 24
-69.2%
Q3 24
-36.4%
Q2 24
26.9%
-90.8%
Q1 24
-6.1%
Net Margin
NVGS
NVGS
RILY
RILY
Q4 25
47.9%
Q3 25
42.3%
Q2 25
16.5%
74.1%
Q1 25
-5.1%
Q4 24
-2.3%
Q3 24
-126.1%
Q2 24
15.8%
-169.4%
Q1 24
-18.7%
EPS (diluted)
NVGS
NVGS
RILY
RILY
Q4 25
$2.78
Q3 25
$2.91
Q2 25
$0.31
$4.50
Q1 25
$-0.39
Q4 24
$-0.01
Q3 24
$-9.39
Q2 24
$0.32
$-14.35
Q1 24
$-1.71

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$238.1M
$226.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$1.2B
$-171.5M
Total Assets
$2.4B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
RILY
RILY
Q4 25
$226.6M
Q3 25
$184.2M
Q2 25
$238.1M
$267.4M
Q1 25
$138.3M
Q4 24
$146.9M
Q3 24
$159.2M
Q2 24
$236.9M
Q1 24
$190.7M
Total Debt
NVGS
NVGS
RILY
RILY
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NVGS
NVGS
RILY
RILY
Q4 25
$-171.5M
Q3 25
$-260.5M
Q2 25
$1.2B
$-351.7M
Q1 25
$-496.8M
Q4 24
$-488.2M
Q3 24
$-497.6M
Q2 24
$1.2B
$-218.3M
Q1 24
$228.4M
Total Assets
NVGS
NVGS
RILY
RILY
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$2.4B
$1.5B
Q1 25
$1.5B
Q4 24
$1.8B
Q3 24
$2.2B
Q2 24
$2.1B
$3.2B
Q1 24
$5.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NVGS
NVGS
RILY
RILY
Operating Cash FlowLast quarter
$26.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVGS
NVGS
RILY
RILY
Q4 25
$26.2M
Q3 25
$-60.6M
Q2 25
$-25.6M
Q1 25
$184.0K
Q4 24
$-2.7M
Q3 24
$19.5M
Q2 24
$111.5M
Q1 24
$135.4M
Cash Conversion
NVGS
NVGS
RILY
RILY
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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