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Side-by-side financial comparison of AMERISAFE INC (AMSF) and AVIAT NETWORKS, INC. (AVNW). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $80.1M, roughly 1.4× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 5.1%, a 5.0% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -5.7%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs 0.3%).
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.
Aviat Networks, Inc. is a global provider of microwave transport and backhaul solutions, providing public and private operators with communications infrastructure to serve telecommunications operators and enterprise customers.
AMSF vs AVNW — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $111.5M |
| Net Profit | $8.1M | $5.7M |
| Gross Margin | — | 32.4% |
| Operating Margin | — | 6.5% |
| Net Margin | 10.2% | 5.1% |
| Revenue YoY | 10.3% | -5.7% |
| Net Profit YoY | -9.0% | 27.2% |
| EPS (diluted) | $0.43 | $0.44 |
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 | $111.5M | ||
| Q3 25 | $82.0M | $107.3M | ||
| Q2 25 | $81.1M | $115.3M | ||
| Q1 25 | $72.6M | $112.6M | ||
| Q4 24 | $74.0M | $118.2M | ||
| Q3 24 | $78.7M | $88.4M | ||
| Q2 24 | $75.8M | $116.7M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $5.7M | ||
| Q3 25 | $13.8M | $162.0K | ||
| Q2 25 | $14.0M | $5.2M | ||
| Q1 25 | $8.9M | $3.5M | ||
| Q4 24 | $13.2M | $4.5M | ||
| Q3 24 | $14.3M | $-11.9M | ||
| Q2 24 | $11.0M | $1.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.4% | ||
| Q3 25 | — | 33.2% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 34.9% | ||
| Q4 24 | — | 34.6% | ||
| Q3 24 | — | 22.4% | ||
| Q2 24 | — | 35.3% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 6.5% | ||
| Q3 25 | 21.3% | 4.8% | ||
| Q2 25 | 21.5% | 7.7% | ||
| Q1 25 | 15.5% | 8.3% | ||
| Q4 24 | 22.7% | 6.7% | ||
| Q3 24 | 22.6% | -17.6% | ||
| Q2 24 | 18.1% | 4.7% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 5.1% | ||
| Q3 25 | 16.9% | 0.2% | ||
| Q2 25 | 17.2% | 4.5% | ||
| Q1 25 | 12.3% | 3.1% | ||
| Q4 24 | 17.8% | 3.8% | ||
| Q3 24 | 18.2% | -13.4% | ||
| Q2 24 | 14.5% | 1.3% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.44 | ||
| Q3 25 | $0.72 | $0.01 | ||
| Q2 25 | $0.73 | $0.42 | ||
| Q1 25 | $0.47 | $0.27 | ||
| Q4 24 | $0.69 | $0.35 | ||
| Q3 24 | $0.75 | $-0.94 | ||
| Q2 24 | $0.57 | $0.11 |
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 | $86.5M |
| Total DebtLower is stronger | — | $105.4M |
| Stockholders' EquityBook value | $246.6M | $271.6M |
| Total Assets | — | $659.4M |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $86.5M | ||
| Q3 25 | $54.7M | $64.8M | ||
| Q2 25 | $48.5M | $59.7M | ||
| Q1 25 | $44.8M | $49.4M | ||
| Q4 24 | $44.1M | $52.6M | ||
| Q3 24 | $63.7M | $51.0M | ||
| Q2 24 | $30.6M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $105.4M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $87.6M | ||
| Q1 25 | — | $73.9M | ||
| Q4 24 | — | $74.9M | ||
| Q3 24 | — | $83.4M | ||
| Q2 24 | — | $48.4M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $271.6M | ||
| Q3 25 | $274.8M | $263.6M | ||
| Q2 25 | $265.6M | $263.2M | ||
| Q1 25 | $260.8M | $256.1M | ||
| Q4 24 | $257.3M | $249.6M | ||
| Q3 24 | $314.4M | $247.1M | ||
| Q2 24 | $301.0M | $255.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $659.4M | ||
| Q3 25 | $1.2B | $643.3M | ||
| Q2 25 | $1.2B | $633.3M | ||
| Q1 25 | $1.2B | $628.3M | ||
| Q4 24 | $1.2B | $594.1M | ||
| Q3 24 | $1.3B | $590.9M | ||
| Q2 24 | $1.2B | $535.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.19× |
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 | — | $23.9M |
| Free Cash FlowOCF − Capex | — | $22.5M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | 4.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $23.9M | ||
| Q3 25 | $10.7M | $-11.7M | ||
| Q2 25 | $-8.4M | $10.5M | ||
| Q1 25 | $-1.8M | $1.6M | ||
| Q4 24 | $24.2M | $20.8M | ||
| Q3 24 | $8.4M | $-27.2M | ||
| Q2 24 | $-2.6M | $8.3M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $22.5M | ||
| Q3 25 | $9.8M | $-13.5M | ||
| Q2 25 | $-9.5M | $8.2M | ||
| Q1 25 | $-1.8M | $-1.2M | ||
| Q4 24 | $23.4M | $18.3M | ||
| Q3 24 | $8.4M | $-32.6M | ||
| Q2 24 | $-2.6M | $7.5M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 20.2% | ||
| Q3 25 | 11.9% | -12.6% | ||
| Q2 25 | -11.7% | 7.1% | ||
| Q1 25 | -2.5% | -1.0% | ||
| Q4 24 | 31.5% | 15.5% | ||
| Q3 24 | 10.7% | -36.8% | ||
| Q2 24 | -3.5% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.3% | ||
| Q3 25 | 1.1% | 1.6% | ||
| Q2 25 | 1.3% | 2.0% | ||
| Q1 25 | 0.0% | 2.5% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 0.0% | 6.1% | ||
| Q2 24 | 0.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 4.18× | ||
| Q3 25 | 0.77× | -72.48× | ||
| Q2 25 | -0.61× | 2.02× | ||
| Q1 25 | -0.20× | 0.46× | ||
| Q4 24 | 1.83× | 4.62× | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | -0.24× | 5.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
