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

Evolus, Inc. is the larger business by last-quarter revenue ($90.3M vs $80.1M, roughly 1.1× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 0.1%, a 10.0% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs 10.3%). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (23.4% CAGR vs 2.8%).

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.

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

AMSF vs EOLS — Head-to-Head

Bigger by revenue
EOLS
EOLS
1.1× larger
EOLS
$90.3M
$80.1M
AMSF
Growing faster (revenue YoY)
EOLS
EOLS
+4.1% gap
EOLS
14.4%
10.3%
AMSF
Higher net margin
AMSF
AMSF
10.0% more per $
AMSF
10.2%
0.1%
EOLS
Faster 2-yr revenue CAGR
EOLS
EOLS
Annualised
EOLS
23.4%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
EOLS
EOLS
Revenue
$80.1M
$90.3M
Net Profit
$8.1M
$130.0K
Gross Margin
65.7%
Operating Margin
4.7%
Net Margin
10.2%
0.1%
Revenue YoY
10.3%
14.4%
Net Profit YoY
-9.0%
101.9%
EPS (diluted)
$0.43
$0.01

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
EOLS
EOLS
Q1 26
$80.1M
Q4 25
$81.6M
$90.3M
Q3 25
$82.0M
$69.0M
Q2 25
$81.1M
$69.4M
Q1 25
$72.6M
$68.5M
Q4 24
$74.0M
$78.9M
Q3 24
$78.7M
$61.1M
Q2 24
$75.8M
$66.9M
Net Profit
AMSF
AMSF
EOLS
EOLS
Q1 26
$8.1M
Q4 25
$10.4M
$130.0K
Q3 25
$13.8M
$-15.7M
Q2 25
$14.0M
$-17.1M
Q1 25
$8.9M
$-18.9M
Q4 24
$13.2M
$-6.8M
Q3 24
$14.3M
$-19.2M
Q2 24
$11.0M
$-11.3M
Gross Margin
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
65.7%
Q3 25
66.5%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
Q2 24
70.3%
Operating Margin
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
15.6%
4.7%
Q3 25
21.3%
-16.7%
Q2 25
21.5%
-14.7%
Q1 25
15.5%
-22.1%
Q4 24
22.7%
-2.9%
Q3 24
22.6%
-25.3%
Q2 24
18.1%
-11.5%
Net Margin
AMSF
AMSF
EOLS
EOLS
Q1 26
10.2%
Q4 25
12.8%
0.1%
Q3 25
16.9%
-22.8%
Q2 25
17.2%
-24.7%
Q1 25
12.3%
-27.6%
Q4 24
17.8%
-8.6%
Q3 24
18.2%
-31.4%
Q2 24
14.5%
-17.0%
EPS (diluted)
AMSF
AMSF
EOLS
EOLS
Q1 26
$0.43
Q4 25
$0.55
$0.01
Q3 25
$0.72
$-0.24
Q2 25
$0.73
$-0.27
Q1 25
$0.47
$-0.30
Q4 24
$0.69
$-0.11
Q3 24
$0.75
$-0.30
Q2 24
$0.57
$-0.18

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
EOLS
EOLS
Cash + ST InvestmentsLiquidity on hand
$34.2M
$53.8M
Total DebtLower is stronger
$146.1M
Stockholders' EquityBook value
$246.6M
$-23.1M
Total Assets
$225.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
EOLS
EOLS
Q1 26
$34.2M
Q4 25
$61.9M
$53.8M
Q3 25
$54.7M
$43.5M
Q2 25
$48.5M
$61.7M
Q1 25
$44.8M
$67.9M
Q4 24
$44.1M
$87.0M
Q3 24
$63.7M
$85.0M
Q2 24
$30.6M
$93.7M
Total Debt
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
$146.1M
Q3 25
Q2 25
Q1 25
$121.8M
Q4 24
$121.5M
Q3 24
$121.2M
Q2 24
$120.9M
Stockholders' Equity
AMSF
AMSF
EOLS
EOLS
Q1 26
$246.6M
Q4 25
$251.6M
$-23.1M
Q3 25
$274.8M
$-28.8M
Q2 25
$265.6M
$-18.7M
Q1 25
$260.8M
$-6.6M
Q4 24
$257.3M
$5.5M
Q3 24
$314.4M
$5.9M
Q2 24
$301.0M
$19.3M
Total Assets
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
$1.1B
$225.9M
Q3 25
$1.2B
$219.0M
Q2 25
$1.2B
$228.8M
Q1 25
$1.2B
$213.4M
Q4 24
$1.2B
$232.6M
Q3 24
$1.3B
$229.6M
Q2 24
$1.2B
$233.8M
Debt / Equity
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
22.00×
Q3 24
20.58×
Q2 24
6.26×

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
EOLS
EOLS
Operating Cash FlowLast quarter
$12.8M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
98.67×
TTM Free Cash FlowTrailing 4 quarters
$-45.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
$11.1M
$12.8M
Q3 25
$10.7M
$-14.7M
Q2 25
$-8.4M
$-24.8M
Q1 25
$-1.8M
$-15.6M
Q4 24
$24.2M
$4.8M
Q3 24
$8.4M
$-5.7M
Q2 24
$-2.6M
$-6.5M
Free Cash Flow
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
$8.9M
$11.3M
Q3 25
$9.8M
$-15.6M
Q2 25
$-9.5M
$-25.5M
Q1 25
$-1.8M
$-16.0M
Q4 24
$23.4M
$4.4M
Q3 24
$8.4M
$-6.0M
Q2 24
$-2.6M
$-6.9M
FCF Margin
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
10.9%
12.6%
Q3 25
11.9%
-22.7%
Q2 25
-11.7%
-36.7%
Q1 25
-2.5%
-23.3%
Q4 24
31.5%
5.5%
Q3 24
10.7%
-9.9%
Q2 24
-3.5%
-10.4%
Capex Intensity
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
2.6%
1.6%
Q3 25
1.1%
1.4%
Q2 25
1.3%
1.0%
Q1 25
0.0%
0.5%
Q4 24
1.1%
0.6%
Q3 24
0.0%
0.5%
Q2 24
0.1%
0.7%
Cash Conversion
AMSF
AMSF
EOLS
EOLS
Q1 26
Q4 25
1.06×
98.67×
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.

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