vs

Side-by-side financial comparison of AMERISAFE INC (AMSF) and AEMETIS, INC (AMTX). Click either name above to swap in a different company.

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $43.3M, roughly 1.8× AEMETIS, INC). On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -7.9%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -22.8%).

AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.

Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.

AMSF vs AMTX — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.8× larger
AMSF
$80.1M
$43.3M
AMTX
Growing faster (revenue YoY)
AMSF
AMSF
+18.2% gap
AMSF
10.3%
-7.9%
AMTX
Faster 2-yr revenue CAGR
AMSF
AMSF
Annualised
AMSF
2.8%
-22.8%
AMTX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
AMTX
AMTX
Revenue
$80.1M
$43.3M
Net Profit
$8.1M
Gross Margin
17.8%
Operating Margin
-5.7%
Net Margin
10.2%
Revenue YoY
10.3%
-7.9%
Net Profit YoY
-9.0%
EPS (diluted)
$0.43
$-0.03

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
AMSF
AMSF
AMTX
AMTX
Q1 26
$80.1M
Q4 25
$81.6M
$43.3M
Q3 25
$82.0M
$59.2M
Q2 25
$81.1M
$52.2M
Q1 25
$72.6M
$42.9M
Q4 24
$74.0M
$47.0M
Q3 24
$78.7M
$81.4M
Q2 24
$75.8M
$66.6M
Net Profit
AMSF
AMSF
AMTX
AMTX
Q1 26
$8.1M
Q4 25
$10.4M
Q3 25
$13.8M
$-23.7M
Q2 25
$14.0M
$-23.4M
Q1 25
$8.9M
$-24.5M
Q4 24
$13.2M
Q3 24
$14.3M
$-17.9M
Q2 24
$11.0M
$-29.2M
Gross Margin
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
17.8%
Q3 25
-0.1%
Q2 25
-6.4%
Q1 25
-11.8%
Q4 24
-4.3%
Q3 24
4.8%
Q2 24
-2.7%
Operating Margin
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
15.6%
-5.7%
Q3 25
21.3%
-14.4%
Q2 25
21.5%
-20.4%
Q1 25
15.5%
-36.3%
Q4 24
22.7%
-28.7%
Q3 24
22.6%
-4.8%
Q2 24
18.1%
-20.4%
Net Margin
AMSF
AMSF
AMTX
AMTX
Q1 26
10.2%
Q4 25
12.8%
Q3 25
16.9%
-40.1%
Q2 25
17.2%
-44.8%
Q1 25
12.3%
-57.2%
Q4 24
17.8%
Q3 24
18.2%
-22.0%
Q2 24
14.5%
-43.8%
EPS (diluted)
AMSF
AMSF
AMTX
AMTX
Q1 26
$0.43
Q4 25
$0.55
$-0.03
Q3 25
$0.72
$-0.37
Q2 25
$0.73
$-0.41
Q1 25
$0.47
$-0.47
Q4 24
$0.69
$-0.29
Q3 24
$0.75
$-0.38
Q2 24
$0.57
$-0.66

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
AMTX
AMTX
Cash + ST InvestmentsLiquidity on hand
$34.2M
$4.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.6M
$-306.8M
Total Assets
$259.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
AMTX
AMTX
Q1 26
$34.2M
Q4 25
$61.9M
$4.9M
Q3 25
$54.7M
$5.6M
Q2 25
$48.5M
$1.6M
Q1 25
$44.8M
$499.0K
Q4 24
$44.1M
$898.0K
Q3 24
$63.7M
$296.0K
Q2 24
$30.6M
$234.0K
Total Debt
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$338.1M
Q3 24
$322.2M
Q2 24
$309.0M
Stockholders' Equity
AMSF
AMSF
AMTX
AMTX
Q1 26
$246.6M
Q4 25
$251.6M
$-306.8M
Q3 25
$274.8M
$-304.9M
Q2 25
$265.6M
$-289.3M
Q1 25
$260.8M
$-280.7M
Q4 24
$257.3M
$-263.9M
Q3 24
$314.4M
$-258.9M
Q2 24
$301.0M
$-249.0M
Total Assets
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
$1.1B
$259.8M
Q3 25
$1.2B
$241.1M
Q2 25
$1.2B
$240.0M
Q1 25
$1.2B
$242.5M
Q4 24
$1.2B
$259.3M
Q3 24
$1.3B
$259.3M
Q2 24
$1.2B
$259.3M

Cash Flow & Capital Efficiency

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

Metric
AMSF
AMSF
AMTX
AMTX
Operating Cash FlowLast quarter
$5.8M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-24.9%
Capex IntensityCapex / Revenue
38.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
$11.1M
$5.8M
Q3 25
$10.7M
$3.1M
Q2 25
$-8.4M
$-5.7M
Q1 25
$-1.8M
$160.0K
Q4 24
$24.2M
$-12.6M
Q3 24
$8.4M
$-5.0M
Q2 24
$-2.6M
$-5.1M
Free Cash Flow
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
$8.9M
$-10.8M
Q3 25
$9.8M
$-1.0M
Q2 25
$-9.5M
$-9.3M
Q1 25
$-1.8M
$-1.7M
Q4 24
$23.4M
$-19.4M
Q3 24
$8.4M
$-9.5M
Q2 24
$-2.6M
$-10.5M
FCF Margin
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
10.9%
-24.9%
Q3 25
11.9%
-1.7%
Q2 25
-11.7%
-17.7%
Q1 25
-2.5%
-3.9%
Q4 24
31.5%
-41.2%
Q3 24
10.7%
-11.6%
Q2 24
-3.5%
-15.8%
Capex Intensity
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
2.6%
38.2%
Q3 25
1.1%
6.9%
Q2 25
1.3%
6.7%
Q1 25
0.0%
4.3%
Q4 24
1.1%
14.4%
Q3 24
0.0%
5.5%
Q2 24
0.1%
8.1%
Cash Conversion
AMSF
AMSF
AMTX
AMTX
Q1 26
Q4 25
1.06×
Q3 25
0.77×
Q2 25
-0.61×
Q1 25
-0.20×
Q4 24
1.83×
Q3 24
0.59×
Q2 24
-0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMSF
AMSF

Segment breakdown not available.

AMTX
AMTX

Ethanol Sales$28.8M66%
Wet Distillers Grains$6.8M16%
California Dairy Renewable Natural Gas$5.2M12%
Other$1.8M4%

Related Comparisons