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Side-by-side financial comparison of AMERISAFE INC (AMSF) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $80.1M, roughly 1.3× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -33.5%, a 43.7% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -6.5%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs 0.5%).
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.
Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.
AMSF vs FORR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $101.1M |
| Net Profit | $8.1M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | — | -36.6% |
| Net Margin | 10.2% | -33.5% |
| Revenue YoY | 10.3% | -6.5% |
| Net Profit YoY | -9.0% | -7941.4% |
| EPS (diluted) | $0.43 | $-1.75 |
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 | $101.1M | ||
| Q3 25 | $82.0M | $94.3M | ||
| Q2 25 | $81.1M | $111.7M | ||
| Q1 25 | $72.6M | $89.9M | ||
| Q4 24 | $74.0M | $108.0M | ||
| Q3 24 | $78.7M | $102.5M | ||
| Q2 24 | $75.8M | $121.8M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-33.9M | ||
| Q3 25 | $13.8M | $-2.1M | ||
| Q2 25 | $14.0M | $3.9M | ||
| Q1 25 | $8.9M | $-87.3M | ||
| Q4 24 | $13.2M | $432.0K | ||
| Q3 24 | $14.3M | $-5.8M | ||
| Q2 24 | $11.0M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -36.6% | ||
| Q3 25 | 21.3% | 4.7% | ||
| Q2 25 | 21.5% | 6.2% | ||
| Q1 25 | 15.5% | -97.5% | ||
| Q4 24 | 22.7% | -0.5% | ||
| Q3 24 | 22.6% | -0.7% | ||
| Q2 24 | 18.1% | 9.3% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -33.5% | ||
| Q3 25 | 16.9% | -2.3% | ||
| Q2 25 | 17.2% | 3.5% | ||
| Q1 25 | 12.3% | -97.1% | ||
| Q4 24 | 17.8% | 0.4% | ||
| Q3 24 | 18.2% | -5.7% | ||
| Q2 24 | 14.5% | 5.2% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-1.75 | ||
| Q3 25 | $0.72 | $-0.11 | ||
| Q2 25 | $0.73 | $0.20 | ||
| Q1 25 | $0.47 | $-4.62 | ||
| Q4 24 | $0.69 | $0.02 | ||
| Q3 24 | $0.75 | $-0.30 | ||
| Q2 24 | $0.57 | $0.33 |
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 | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $246.6M | $126.5M |
| Total Assets | — | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $63.3M | ||
| Q3 25 | $54.7M | $65.1M | ||
| Q2 25 | $48.5M | $67.8M | ||
| Q1 25 | $44.8M | $75.6M | ||
| Q4 24 | $44.1M | $56.1M | ||
| Q3 24 | $63.7M | $62.8M | ||
| Q2 24 | $30.6M | $58.9M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $126.5M | ||
| Q3 25 | $274.8M | $157.7M | ||
| Q2 25 | $265.6M | $159.5M | ||
| Q1 25 | $260.8M | $147.4M | ||
| Q4 24 | $257.3M | $229.5M | ||
| Q3 24 | $314.4M | $234.3M | ||
| Q2 24 | $301.0M | $237.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $404.0M | ||
| Q3 25 | $1.2B | $414.2M | ||
| Q2 25 | $1.2B | $436.0M | ||
| Q1 25 | $1.2B | $439.8M | ||
| Q4 24 | $1.2B | $503.9M | ||
| Q3 24 | $1.3B | $505.3M | ||
| Q2 24 | $1.2B | $524.2M |
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 | — | $-3.2M |
| Free Cash FlowOCF − Capex | — | $-4.3M |
| FCF MarginFCF / Revenue | — | -4.2% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $-3.2M | ||
| Q3 25 | $10.7M | $1.2M | ||
| Q2 25 | $-8.4M | $-3.6M | ||
| Q1 25 | $-1.8M | $26.7M | ||
| Q4 24 | $24.2M | $-1.8M | ||
| Q3 24 | $8.4M | $264.0K | ||
| Q2 24 | $-2.6M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $-4.3M | ||
| Q3 25 | $9.8M | $524.0K | ||
| Q2 25 | $-9.5M | $-4.2M | ||
| Q1 25 | $-1.8M | $26.1M | ||
| Q4 24 | $23.4M | $-2.5M | ||
| Q3 24 | $8.4M | $-223.0K | ||
| Q2 24 | $-2.6M | $-3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | -4.2% | ||
| Q3 25 | 11.9% | 0.6% | ||
| Q2 25 | -11.7% | -3.8% | ||
| Q1 25 | -2.5% | 29.0% | ||
| Q4 24 | 31.5% | -2.3% | ||
| Q3 24 | 10.7% | -0.2% | ||
| Q2 24 | -3.5% | -3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.1% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.3% | 0.5% | ||
| Q1 25 | 0.0% | 0.7% | ||
| Q4 24 | 1.1% | 0.6% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 0.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | -0.93× | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | -4.24× | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | -0.24× | -0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
