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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Clarus Corp (CLAR). Click either name above to swap in a different company.
AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $65.4M, roughly 1.2× Clarus Corp). AMERISAFE INC runs the higher net margin — 10.2% vs -47.8%, a 58.0% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -8.4%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -2.9%).
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.
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
AMSF vs CLAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $65.4M |
| Net Profit | $8.1M | $-31.3M |
| Gross Margin | — | 27.7% |
| Operating Margin | — | -59.6% |
| Net Margin | 10.2% | -47.8% |
| Revenue YoY | 10.3% | -8.4% |
| Net Profit YoY | -9.0% | 52.3% |
| EPS (diluted) | $0.43 | $-0.81 |
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 | $65.4M | ||
| Q3 25 | $82.0M | $69.3M | ||
| Q2 25 | $81.1M | $55.2M | ||
| Q1 25 | $72.6M | $60.4M | ||
| Q4 24 | $74.0M | $71.4M | ||
| Q3 24 | $78.7M | $67.1M | ||
| Q2 24 | $75.8M | $56.5M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-31.3M | ||
| Q3 25 | $13.8M | $-1.6M | ||
| Q2 25 | $14.0M | $-8.4M | ||
| Q1 25 | $8.9M | $-5.2M | ||
| Q4 24 | $13.2M | $-65.5M | ||
| Q3 24 | $14.3M | $-3.2M | ||
| Q2 24 | $11.0M | $-5.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 35.6% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 33.4% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 36.1% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -59.6% | ||
| Q3 25 | 21.3% | -4.4% | ||
| Q2 25 | 21.5% | -19.7% | ||
| Q1 25 | 15.5% | -11.2% | ||
| Q4 24 | 22.7% | -70.2% | ||
| Q3 24 | 22.6% | -8.0% | ||
| Q2 24 | 18.1% | -14.4% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -47.8% | ||
| Q3 25 | 16.9% | -2.3% | ||
| Q2 25 | 17.2% | -15.3% | ||
| Q1 25 | 12.3% | -8.7% | ||
| Q4 24 | 17.8% | -91.8% | ||
| Q3 24 | 18.2% | -4.7% | ||
| Q2 24 | 14.5% | -9.7% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-0.81 | ||
| Q3 25 | $0.72 | $-0.04 | ||
| Q2 25 | $0.73 | $-0.22 | ||
| Q1 25 | $0.47 | $-0.14 | ||
| Q4 24 | $0.69 | $-1.72 | ||
| Q3 24 | $0.75 | $-0.08 | ||
| Q2 24 | $0.57 | $-0.14 |
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 | $36.7M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $246.6M | $196.4M |
| Total Assets | — | $249.0M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $36.7M | ||
| Q3 25 | $54.7M | $29.5M | ||
| Q2 25 | $48.5M | $28.5M | ||
| Q1 25 | $44.8M | $41.3M | ||
| Q4 24 | $44.1M | $45.4M | ||
| Q3 24 | $63.7M | $36.4M | ||
| Q2 24 | $30.6M | $46.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $196.4M | ||
| Q3 25 | $274.8M | $225.8M | ||
| Q2 25 | $265.6M | $225.1M | ||
| Q1 25 | $260.8M | $229.3M | ||
| Q4 24 | $257.3M | $233.1M | ||
| Q3 24 | $314.4M | $308.5M | ||
| Q2 24 | $301.0M | $307.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $249.0M | ||
| Q3 25 | $1.2B | $283.1M | ||
| Q2 25 | $1.2B | $286.5M | ||
| Q1 25 | $1.2B | $292.8M | ||
| Q4 24 | $1.2B | $294.1M | ||
| Q3 24 | $1.3B | $375.3M | ||
| Q2 24 | $1.2B | $369.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $12.5M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 17.7% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $12.5M | ||
| Q3 25 | $10.7M | $-5.7M | ||
| Q2 25 | $-8.4M | $-9.4M | ||
| Q1 25 | $-1.8M | $-2.1M | ||
| Q4 24 | $24.2M | $16.6M | ||
| Q3 24 | $8.4M | $-8.3M | ||
| Q2 24 | $-2.6M | $834.0K |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $11.6M | ||
| Q3 25 | $9.8M | $-7.0M | ||
| Q2 25 | $-9.5M | $-11.3M | ||
| Q1 25 | $-1.8M | $-3.3M | ||
| Q4 24 | $23.4M | $14.4M | ||
| Q3 24 | $8.4M | $-9.4M | ||
| Q2 24 | $-2.6M | $-744.0K |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 17.7% | ||
| Q3 25 | 11.9% | -10.0% | ||
| Q2 25 | -11.7% | -20.4% | ||
| Q1 25 | -2.5% | -5.4% | ||
| Q4 24 | 31.5% | 20.1% | ||
| Q3 24 | 10.7% | -14.0% | ||
| Q2 24 | -3.5% | -1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 1.3% | 3.4% | ||
| Q1 25 | 0.0% | 2.0% | ||
| Q4 24 | 1.1% | 3.1% | ||
| Q3 24 | 0.0% | 1.6% | ||
| Q2 24 | 0.1% | 2.8% |
| 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
Segment breakdown not available.
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
