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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
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
Segment breakdown not available.
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |