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Side-by-side financial comparison of AMERISAFE INC (AMSF) and FLYEXCLUSIVE INC. (FLYX). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $80.1M, roughly 1.2× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -4.6%, a 14.8% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 10.3%). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% 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.
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
AMSF vs FLYX — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $92.1M |
| Net Profit | $8.1M | $-4.3M |
| Gross Margin | — | 13.7% |
| Operating Margin | — | -12.3% |
| Net Margin | 10.2% | -4.6% |
| Revenue YoY | 10.3% | 19.8% |
| Net Profit YoY | -9.0% | 32.0% |
| EPS (diluted) | $0.43 | $-0.25 |
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 | — | ||
| Q3 25 | $82.0M | $92.1M | ||
| Q2 25 | $81.1M | $91.3M | ||
| Q1 25 | $72.6M | $88.1M | ||
| Q4 24 | $74.0M | — | ||
| Q3 24 | $78.7M | $76.9M | ||
| Q2 24 | $75.8M | $79.0M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | — | ||
| Q3 25 | $13.8M | $-4.3M | ||
| Q2 25 | $14.0M | $-4.8M | ||
| Q1 25 | $8.9M | $-5.4M | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $14.3M | $-6.3M | ||
| Q2 24 | $11.0M | $-5.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 7.9% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | — | ||
| Q3 25 | 21.3% | -12.3% | ||
| Q2 25 | 21.5% | -13.5% | ||
| Q1 25 | 15.5% | -16.7% | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 22.6% | -27.2% | ||
| Q2 24 | 18.1% | -27.6% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | — | ||
| Q3 25 | 16.9% | -4.6% | ||
| Q2 25 | 17.2% | -5.2% | ||
| Q1 25 | 12.3% | -6.2% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 18.2% | -8.2% | ||
| Q2 24 | 14.5% | -6.5% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.72 | $-0.25 | ||
| Q2 25 | $0.73 | $-0.26 | ||
| Q1 25 | $0.47 | $-0.30 | ||
| Q4 24 | $0.69 | — | ||
| Q3 24 | $0.75 | $-0.32 | ||
| Q2 24 | $0.57 | $-0.32 |
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 | $18.7M |
| Total DebtLower is stronger | — | $123.9M |
| Stockholders' EquityBook value | $246.6M | $-434.2M |
| Total Assets | — | $448.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | — | ||
| Q3 25 | $54.7M | $18.7M | ||
| Q2 25 | $48.5M | $15.8M | ||
| Q1 25 | $44.8M | $14.7M | ||
| Q4 24 | $44.1M | — | ||
| Q3 24 | $63.7M | $18.7M | ||
| Q2 24 | $30.6M | $9.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $123.9M | ||
| Q2 25 | — | $111.6M | ||
| Q1 25 | — | $121.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $197.9M | ||
| Q2 24 | — | $206.3M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | — | ||
| Q3 25 | $274.8M | $-434.2M | ||
| Q2 25 | $265.6M | $-261.4M | ||
| Q1 25 | $260.8M | $-281.5M | ||
| Q4 24 | $257.3M | — | ||
| Q3 24 | $314.4M | $-192.0M | ||
| Q2 24 | $301.0M | $-149.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $448.1M | ||
| Q2 25 | $1.2B | $443.4M | ||
| Q1 25 | $1.2B | $466.8M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | $487.1M | ||
| Q2 24 | $1.2B | $494.7M |
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 | — | $-209.0K |
| Free Cash FlowOCF − Capex | — | $-11.0M |
| FCF MarginFCF / Revenue | — | -12.0% |
| Capex IntensityCapex / Revenue | — | 11.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | — | ||
| Q3 25 | $10.7M | $-209.0K | ||
| Q2 25 | $-8.4M | $363.0K | ||
| Q1 25 | $-1.8M | $-10.5M | ||
| Q4 24 | $24.2M | — | ||
| Q3 24 | $8.4M | $-12.3M | ||
| Q2 24 | $-2.6M | $-16.2M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | — | ||
| Q3 25 | $9.8M | $-11.0M | ||
| Q2 25 | $-9.5M | $353.0K | ||
| Q1 25 | $-1.8M | $-14.6M | ||
| Q4 24 | $23.4M | — | ||
| Q3 24 | $8.4M | $-25.7M | ||
| Q2 24 | $-2.6M | $-26.6M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 11.9% | -12.0% | ||
| Q2 25 | -11.7% | 0.4% | ||
| Q1 25 | -2.5% | -16.5% | ||
| Q4 24 | 31.5% | — | ||
| Q3 24 | 10.7% | -33.5% | ||
| Q2 24 | -3.5% | -33.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 11.7% | ||
| Q2 25 | 1.3% | 0.0% | ||
| Q1 25 | 0.0% | 4.7% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.0% | 17.5% | ||
| Q2 24 | 0.1% | 13.2% |
| 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.
