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Side-by-side financial comparison of AMERISAFE INC (AMSF) and AMPCO PITTSBURGH CORP (AP). Click either name above to swap in a different company.

AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $80.1M, roughly 1.3× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -55.2%, a 65.4% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs 10.3%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -2.6%).

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.

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

AMSF vs AP — Head-to-Head

Bigger by revenue
AP
AP
1.3× larger
AP
$104.4M
$80.1M
AMSF
Growing faster (revenue YoY)
AP
AP
+1.1% gap
AP
11.5%
10.3%
AMSF
Higher net margin
AMSF
AMSF
65.4% more per $
AMSF
10.2%
-55.2%
AP
Faster 2-yr revenue CAGR
AMSF
AMSF
Annualised
AMSF
2.8%
-2.6%
AP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
AP
AP
Revenue
$80.1M
$104.4M
Net Profit
$8.1M
$-57.7M
Gross Margin
Operating Margin
-54.0%
Net Margin
10.2%
-55.2%
Revenue YoY
10.3%
11.5%
Net Profit YoY
-9.0%
-1958.9%
EPS (diluted)
$0.43
$-2.87

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
AP
AP
Q1 26
$80.1M
Q4 25
$81.6M
$104.4M
Q3 25
$82.0M
$103.7M
Q2 25
$81.1M
$108.9M
Q1 25
$72.6M
$99.2M
Q4 24
$74.0M
$93.6M
Q3 24
$78.7M
$92.1M
Q2 24
$75.8M
$107.1M
Net Profit
AMSF
AMSF
AP
AP
Q1 26
$8.1M
Q4 25
$10.4M
$-57.7M
Q3 25
$13.8M
$-2.2M
Q2 25
$14.0M
$-7.3M
Q1 25
$8.9M
$1.1M
Q4 24
$13.2M
$3.1M
Q3 24
$14.3M
$-2.0M
Q2 24
$11.0M
$2.0M
Operating Margin
AMSF
AMSF
AP
AP
Q1 26
Q4 25
15.6%
-54.0%
Q3 25
21.3%
1.1%
Q2 25
21.5%
-2.8%
Q1 25
15.5%
3.9%
Q4 24
22.7%
5.5%
Q3 24
22.6%
2.0%
Q2 24
18.1%
4.7%
Net Margin
AMSF
AMSF
AP
AP
Q1 26
10.2%
Q4 25
12.8%
-55.2%
Q3 25
16.9%
-2.1%
Q2 25
17.2%
-6.7%
Q1 25
12.3%
1.2%
Q4 24
17.8%
3.3%
Q3 24
18.2%
-2.1%
Q2 24
14.5%
1.9%
EPS (diluted)
AMSF
AMSF
AP
AP
Q1 26
$0.43
Q4 25
$0.55
$-2.87
Q3 25
$0.72
$-0.11
Q2 25
$0.73
$-0.36
Q1 25
$0.47
$0.06
Q4 24
$0.69
$0.16
Q3 24
$0.75
$-0.10
Q2 24
$0.57
$0.10

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
AP
AP
Cash + ST InvestmentsLiquidity on hand
$34.2M
$10.7M
Total DebtLower is stronger
$117.9M
Stockholders' EquityBook value
$246.6M
$32.6M
Total Assets
$495.4M
Debt / EquityLower = less leverage
3.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
AP
AP
Q1 26
$34.2M
Q4 25
$61.9M
$10.7M
Q3 25
$54.7M
$15.0M
Q2 25
$48.5M
$9.9M
Q1 25
$44.8M
$7.1M
Q4 24
$44.1M
$15.4M
Q3 24
$63.7M
$11.8M
Q2 24
$30.6M
$7.9M
Total Debt
AMSF
AMSF
AP
AP
Q1 26
Q4 25
$117.9M
Q3 25
$119.0M
Q2 25
$115.9M
Q1 25
$115.0M
Q4 24
$116.4M
Q3 24
$116.0M
Q2 24
$119.4M
Stockholders' Equity
AMSF
AMSF
AP
AP
Q1 26
$246.6M
Q4 25
$251.6M
$32.6M
Q3 25
$274.8M
$60.1M
Q2 25
$265.6M
$62.7M
Q1 25
$260.8M
$64.6M
Q4 24
$257.3M
$58.9M
Q3 24
$314.4M
$61.3M
Q2 24
$301.0M
$58.0M
Total Assets
AMSF
AMSF
AP
AP
Q1 26
Q4 25
$1.1B
$495.4M
Q3 25
$1.2B
$524.4M
Q2 25
$1.2B
$537.2M
Q1 25
$1.2B
$536.2M
Q4 24
$1.2B
$530.9M
Q3 24
$1.3B
$547.4M
Q2 24
$1.2B
$560.8M
Debt / Equity
AMSF
AMSF
AP
AP
Q1 26
Q4 25
3.61×
Q3 25
1.98×
Q2 25
1.85×
Q1 25
1.78×
Q4 24
1.98×
Q3 24
1.89×
Q2 24
2.06×

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
AP
AP
Operating Cash FlowLast quarter
$2.7M
Free Cash FlowOCF − Capex
$-64.0K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
AP
AP
Q1 26
Q4 25
$11.1M
$2.7M
Q3 25
$10.7M
$6.3M
Q2 25
$-8.4M
$-2.3M
Q1 25
$-1.8M
$-5.3M
Q4 24
$24.2M
$7.5M
Q3 24
$8.4M
$11.4M
Q2 24
$-2.6M
$-5.3M
Free Cash Flow
AMSF
AMSF
AP
AP
Q1 26
Q4 25
$8.9M
$-64.0K
Q3 25
$9.8M
$3.3M
Q2 25
$-9.5M
$-3.8M
Q1 25
$-1.8M
$-7.5M
Q4 24
$23.4M
$3.7M
Q3 24
$8.4M
$8.4M
Q2 24
$-2.6M
$-8.0M
FCF Margin
AMSF
AMSF
AP
AP
Q1 26
Q4 25
10.9%
-0.1%
Q3 25
11.9%
3.2%
Q2 25
-11.7%
-3.5%
Q1 25
-2.5%
-7.5%
Q4 24
31.5%
4.0%
Q3 24
10.7%
9.1%
Q2 24
-3.5%
-7.5%
Capex Intensity
AMSF
AMSF
AP
AP
Q1 26
Q4 25
2.6%
2.7%
Q3 25
1.1%
2.9%
Q2 25
1.3%
1.3%
Q1 25
0.0%
2.2%
Q4 24
1.1%
4.0%
Q3 24
0.0%
3.2%
Q2 24
0.1%
2.5%
Cash Conversion
AMSF
AMSF
AP
AP
Q1 26
Q4 25
1.06×
Q3 25
0.77×
Q2 25
-0.61×
Q1 25
-0.20×
-4.62×
Q4 24
1.83×
2.40×
Q3 24
0.59×
Q2 24
-0.24×
-2.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMSF
AMSF

Segment breakdown not available.

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

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