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

GOLDEN ENTERTAINMENT, INC. is the larger business by last-quarter revenue ($155.6M vs $80.1M, roughly 1.9× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -5.5%, a 15.6% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -5.2%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -5.4%).

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.

Golden Entertainment, Inc. is an American gambling company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.

AMSF vs GDEN — Head-to-Head

Bigger by revenue
GDEN
GDEN
1.9× larger
GDEN
$155.6M
$80.1M
AMSF
Growing faster (revenue YoY)
AMSF
AMSF
+15.5% gap
AMSF
10.3%
-5.2%
GDEN
Higher net margin
AMSF
AMSF
15.6% more per $
AMSF
10.2%
-5.5%
GDEN
Faster 2-yr revenue CAGR
AMSF
AMSF
Annualised
AMSF
2.8%
-5.4%
GDEN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
GDEN
GDEN
Revenue
$80.1M
$155.6M
Net Profit
$8.1M
$-8.5M
Gross Margin
92.5%
Operating Margin
-1.5%
Net Margin
10.2%
-5.5%
Revenue YoY
10.3%
-5.2%
Net Profit YoY
-9.0%
-386.0%
EPS (diluted)
$0.43
$-0.31

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
GDEN
GDEN
Q1 26
$80.1M
Q4 25
$81.6M
$155.6M
Q3 25
$82.0M
$154.8M
Q2 25
$81.1M
$163.6M
Q1 25
$72.6M
$160.8M
Q4 24
$74.0M
$164.2M
Q3 24
$78.7M
$161.2M
Q2 24
$75.8M
$167.3M
Net Profit
AMSF
AMSF
GDEN
GDEN
Q1 26
$8.1M
Q4 25
$10.4M
$-8.5M
Q3 25
$13.8M
$-4.7M
Q2 25
$14.0M
$4.6M
Q1 25
$8.9M
$2.5M
Q4 24
$13.2M
$3.0M
Q3 24
$14.3M
$5.2M
Q2 24
$11.0M
$623.0K
Gross Margin
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
92.5%
Q3 25
92.8%
Q2 25
93.1%
Q1 25
92.7%
Q4 24
96.3%
Q3 24
93.0%
Q2 24
93.2%
Operating Margin
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
15.6%
-1.5%
Q3 25
21.3%
0.6%
Q2 25
21.5%
7.3%
Q1 25
15.5%
6.9%
Q4 24
22.7%
7.1%
Q3 24
22.6%
4.2%
Q2 24
18.1%
8.1%
Net Margin
AMSF
AMSF
GDEN
GDEN
Q1 26
10.2%
Q4 25
12.8%
-5.5%
Q3 25
16.9%
-3.0%
Q2 25
17.2%
2.8%
Q1 25
12.3%
1.6%
Q4 24
17.8%
1.8%
Q3 24
18.2%
3.2%
Q2 24
14.5%
0.4%
EPS (diluted)
AMSF
AMSF
GDEN
GDEN
Q1 26
$0.43
Q4 25
$0.55
$-0.31
Q3 25
$0.72
$-0.18
Q2 25
$0.73
$0.17
Q1 25
$0.47
$0.09
Q4 24
$0.69
$0.14
Q3 24
$0.75
$0.18
Q2 24
$0.57
$0.02

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
GDEN
GDEN
Cash + ST InvestmentsLiquidity on hand
$34.2M
$55.3M
Total DebtLower is stronger
$426.6M
Stockholders' EquityBook value
$246.6M
$420.9M
Total Assets
$1.0B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
GDEN
GDEN
Q1 26
$34.2M
Q4 25
$61.9M
$55.3M
Q3 25
$54.7M
$58.3M
Q2 25
$48.5M
$52.3M
Q1 25
$44.8M
$50.5M
Q4 24
$44.1M
$57.7M
Q3 24
$63.7M
$68.6M
Q2 24
$30.6M
$88.6M
Total Debt
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
$426.6M
Q3 25
$417.3M
Q2 25
$423.3M
Q1 25
$399.3M
Q4 24
$405.3M
Q3 24
$386.3M
Q2 24
$388.2M
Stockholders' Equity
AMSF
AMSF
GDEN
GDEN
Q1 26
$246.6M
Q4 25
$251.6M
$420.9M
Q3 25
$274.8M
$434.2M
Q2 25
$265.6M
$443.3M
Q1 25
$260.8M
$462.0M
Q4 24
$257.3M
$474.2M
Q3 24
$314.4M
$513.1M
Q2 24
$301.0M
$539.0M
Total Assets
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
$1.1B
$1.0B
Q3 25
$1.2B
$1.0B
Q2 25
$1.2B
$1.0B
Q1 25
$1.2B
$1.1B
Q4 24
$1.2B
$1.1B
Q3 24
$1.3B
$1.1B
Q2 24
$1.2B
$1.2B
Debt / Equity
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
1.01×
Q3 25
0.96×
Q2 25
0.95×
Q1 25
0.86×
Q4 24
0.85×
Q3 24
0.75×
Q2 24
0.72×

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
GDEN
GDEN
Operating Cash FlowLast quarter
$10.2M
Free Cash FlowOCF − Capex
$-4.4M
FCF MarginFCF / Revenue
-2.8%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
$11.1M
$10.2M
Q3 25
$10.7M
$26.9M
Q2 25
$-8.4M
$17.4M
Q1 25
$-1.8M
$28.6M
Q4 24
$24.2M
$22.5M
Q3 24
$8.4M
$22.5M
Q2 24
$-2.6M
$21.5M
Free Cash Flow
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
$8.9M
$-4.4M
Q3 25
$9.8M
$19.3M
Q2 25
$-9.5M
$4.0M
Q1 25
$-1.8M
$16.6M
Q4 24
$23.4M
$14.3M
Q3 24
$8.4M
$14.7M
Q2 24
$-2.6M
$3.9M
FCF Margin
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
10.9%
-2.8%
Q3 25
11.9%
12.5%
Q2 25
-11.7%
2.4%
Q1 25
-2.5%
10.4%
Q4 24
31.5%
8.7%
Q3 24
10.7%
9.1%
Q2 24
-3.5%
2.3%
Capex Intensity
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
2.6%
9.4%
Q3 25
1.1%
4.9%
Q2 25
1.3%
8.2%
Q1 25
0.0%
7.4%
Q4 24
1.1%
5.0%
Q3 24
0.0%
4.9%
Q2 24
0.1%
10.5%
Cash Conversion
AMSF
AMSF
GDEN
GDEN
Q1 26
Q4 25
1.06×
Q3 25
0.77×
Q2 25
-0.61×
3.76×
Q1 25
-0.20×
11.43×
Q4 24
1.83×
7.57×
Q3 24
0.59×
4.36×
Q2 24
-0.24×
34.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMSF
AMSF

Segment breakdown not available.

GDEN
GDEN

Nevada Casino Resorts$90.2M58%
Nevada Locals Casinos$37.4M24%
Nevada Taverns$27.7M18%

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