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

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $80.1M, roughly 1.5× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 5.0%, a 5.2% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 10.3%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% 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.

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

AMSF vs HIPO — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.5× larger
HIPO
$120.4M
$80.1M
AMSF
Growing faster (revenue YoY)
HIPO
HIPO
+7.8% gap
HIPO
18.2%
10.3%
AMSF
Higher net margin
AMSF
AMSF
5.2% more per $
AMSF
10.2%
5.0%
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
HIPO
HIPO
Revenue
$80.1M
$120.4M
Net Profit
$8.1M
$6.0M
Gross Margin
Operating Margin
5.6%
Net Margin
10.2%
5.0%
Revenue YoY
10.3%
18.2%
Net Profit YoY
-9.0%
-86.4%
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
HIPO
HIPO
Q1 26
$80.1M
Q4 25
$81.6M
$120.4M
Q3 25
$82.0M
$120.6M
Q2 25
$81.1M
$117.3M
Q1 25
$72.6M
$110.3M
Q4 24
$74.0M
$101.9M
Q3 24
$78.7M
$95.5M
Q2 24
$75.8M
$89.6M
Net Profit
AMSF
AMSF
HIPO
HIPO
Q1 26
$8.1M
Q4 25
$10.4M
$6.0M
Q3 25
$13.8M
$98.1M
Q2 25
$14.0M
$1.3M
Q1 25
$8.9M
$-47.7M
Q4 24
$13.2M
$44.2M
Q3 24
$14.3M
$-8.5M
Q2 24
$11.0M
$-40.5M
Operating Margin
AMSF
AMSF
HIPO
HIPO
Q1 26
Q4 25
15.6%
5.6%
Q3 25
21.3%
81.3%
Q2 25
21.5%
3.4%
Q1 25
15.5%
-41.3%
Q4 24
22.7%
46.3%
Q3 24
22.6%
-5.4%
Q2 24
18.1%
-40.7%
Net Margin
AMSF
AMSF
HIPO
HIPO
Q1 26
10.2%
Q4 25
12.8%
5.0%
Q3 25
16.9%
81.3%
Q2 25
17.2%
1.1%
Q1 25
12.3%
-43.2%
Q4 24
17.8%
43.4%
Q3 24
18.2%
-8.9%
Q2 24
14.5%
-45.2%
EPS (diluted)
AMSF
AMSF
HIPO
HIPO
Q1 26
$0.43
Q4 25
$0.55
$0.31
Q3 25
$0.72
$3.77
Q2 25
$0.73
$0.05
Q1 25
$0.47
$-1.91
Q4 24
$0.69
$1.81
Q3 24
$0.75
$-0.34
Q2 24
$0.57
$-1.64

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$34.2M
$218.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.6M
$436.1M
Total Assets
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
HIPO
HIPO
Q1 26
$34.2M
Q4 25
$61.9M
$218.3M
Q3 25
$54.7M
$247.7M
Q2 25
$48.5M
$198.9M
Q1 25
$44.8M
$140.9M
Q4 24
$44.1M
$197.6M
Q3 24
$63.7M
$191.2M
Q2 24
$30.6M
$175.9M
Stockholders' Equity
AMSF
AMSF
HIPO
HIPO
Q1 26
$246.6M
Q4 25
$251.6M
$436.1M
Q3 25
$274.8M
$421.5M
Q2 25
$265.6M
$332.5M
Q1 25
$260.8M
$322.8M
Q4 24
$257.3M
$362.1M
Q3 24
$314.4M
$326.4M
Q2 24
$301.0M
$322.6M
Total Assets
AMSF
AMSF
HIPO
HIPO
Q1 26
Q4 25
$1.1B
$1.9B
Q3 25
$1.2B
$1.9B
Q2 25
$1.2B
$1.7B
Q1 25
$1.2B
$1.5B
Q4 24
$1.2B
$1.5B
Q3 24
$1.3B
$1.5B
Q2 24
$1.2B
$1.5B

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
HIPO
HIPO
Operating Cash FlowLast quarter
$9.2M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
HIPO
HIPO
Q1 26
Q4 25
$11.1M
$9.2M
Q3 25
$10.7M
$16.9M
Q2 25
$-8.4M
$24.7M
Q1 25
$-1.8M
$-35.6M
Q4 24
$24.2M
$47.5M
Q3 24
$8.4M
$46.8M
Q2 24
$-2.6M
$-10.6M
Free Cash Flow
AMSF
AMSF
HIPO
HIPO
Q1 26
Q4 25
$8.9M
$9.1M
Q3 25
$9.8M
$16.8M
Q2 25
$-9.5M
$24.6M
Q1 25
$-1.8M
$-35.7M
Q4 24
$23.4M
$47.2M
Q3 24
$8.4M
Q2 24
$-2.6M
$-10.7M
FCF Margin
AMSF
AMSF
HIPO
HIPO
Q1 26
Q4 25
10.9%
7.6%
Q3 25
11.9%
13.9%
Q2 25
-11.7%
21.0%
Q1 25
-2.5%
-32.4%
Q4 24
31.5%
46.3%
Q3 24
10.7%
Q2 24
-3.5%
-11.9%
Capex Intensity
AMSF
AMSF
HIPO
HIPO
Q1 26
Q4 25
2.6%
0.1%
Q3 25
1.1%
0.1%
Q2 25
1.3%
0.1%
Q1 25
0.0%
0.1%
Q4 24
1.1%
0.3%
Q3 24
0.0%
0.0%
Q2 24
0.1%
0.1%
Cash Conversion
AMSF
AMSF
HIPO
HIPO
Q1 26
Q4 25
1.06×
1.53×
Q3 25
0.77×
0.17×
Q2 25
-0.61×
19.00×
Q1 25
-0.20×
Q4 24
1.83×
1.07×
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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