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Side-by-side financial comparison of AMERISAFE INC (AMSF) and KAMADA LTD (KMDA). Click either name above to swap in a different company.

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $47.0M, roughly 1.7× KAMADA LTD). KAMADA LTD runs the higher net margin — 11.3% vs 10.2%, a 1.1% gap on every dollar of revenue. On growth, KAMADA LTD posted the faster year-over-year revenue change (12.6% vs 10.3%). Over the past eight quarters, KAMADA LTD's revenue compounded faster (12.0% 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.

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

AMSF vs KMDA — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.7× larger
AMSF
$80.1M
$47.0M
KMDA
Growing faster (revenue YoY)
KMDA
KMDA
+2.3% gap
KMDA
12.6%
10.3%
AMSF
Higher net margin
KMDA
KMDA
1.1% more per $
KMDA
11.3%
10.2%
AMSF
Faster 2-yr revenue CAGR
KMDA
KMDA
Annualised
KMDA
12.0%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
AMSF
AMSF
KMDA
KMDA
Revenue
$80.1M
$47.0M
Net Profit
$8.1M
$5.3M
Gross Margin
42.0%
Operating Margin
16.6%
Net Margin
10.2%
11.3%
Revenue YoY
10.3%
12.6%
Net Profit YoY
-9.0%
37.1%
EPS (diluted)
$0.43
$0.09

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
KMDA
KMDA
Q1 26
$80.1M
Q4 25
$81.6M
Q3 25
$82.0M
$47.0M
Q2 25
$81.1M
$44.8M
Q1 25
$72.6M
$44.0M
Q4 24
$74.0M
Q3 24
$78.7M
$41.7M
Q2 24
$75.8M
$42.5M
Net Profit
AMSF
AMSF
KMDA
KMDA
Q1 26
$8.1M
Q4 25
$10.4M
Q3 25
$13.8M
$5.3M
Q2 25
$14.0M
$7.4M
Q1 25
$8.9M
$4.0M
Q4 24
$13.2M
Q3 24
$14.3M
$3.9M
Q2 24
$11.0M
$4.4M
Gross Margin
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
Q3 25
42.0%
Q2 25
42.3%
Q1 25
47.1%
Q4 24
Q3 24
41.3%
Q2 24
44.6%
Operating Margin
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
15.6%
Q3 25
21.3%
16.6%
Q2 25
21.5%
15.8%
Q1 25
15.5%
17.7%
Q4 24
22.7%
Q3 24
22.6%
12.7%
Q2 24
18.1%
13.3%
Net Margin
AMSF
AMSF
KMDA
KMDA
Q1 26
10.2%
Q4 25
12.8%
Q3 25
16.9%
11.3%
Q2 25
17.2%
16.5%
Q1 25
12.3%
9.0%
Q4 24
17.8%
Q3 24
18.2%
9.3%
Q2 24
14.5%
10.4%
EPS (diluted)
AMSF
AMSF
KMDA
KMDA
Q1 26
$0.43
Q4 25
$0.55
Q3 25
$0.72
$0.09
Q2 25
$0.73
$0.13
Q1 25
$0.47
$0.07
Q4 24
$0.69
Q3 24
$0.75
$0.07
Q2 24
$0.57
$0.08

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
KMDA
KMDA
Cash + ST InvestmentsLiquidity on hand
$34.2M
$72.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.6M
$265.2M
Total Assets
$377.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
KMDA
KMDA
Q1 26
$34.2M
Q4 25
$61.9M
Q3 25
$54.7M
$72.0M
Q2 25
$48.5M
$66.0M
Q1 25
$44.8M
$76.3M
Q4 24
$44.1M
Q3 24
$63.7M
$72.0M
Q2 24
$30.6M
$56.5M
Stockholders' Equity
AMSF
AMSF
KMDA
KMDA
Q1 26
$246.6M
Q4 25
$251.6M
Q3 25
$274.8M
$265.2M
Q2 25
$265.6M
$260.0M
Q1 25
$260.8M
$252.0M
Q4 24
$257.3M
Q3 24
$314.4M
$255.3M
Q2 24
$301.0M
$251.2M
Total Assets
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
$1.1B
Q3 25
$1.2B
$377.2M
Q2 25
$1.2B
$368.2M
Q1 25
$1.2B
$375.1M
Q4 24
$1.2B
Q3 24
$1.3B
$351.2M
Q2 24
$1.2B
$351.0M

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
KMDA
KMDA
Operating Cash FlowLast quarter
$10.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
$11.1M
Q3 25
$10.7M
$10.4M
Q2 25
$-8.4M
$8.0M
Q1 25
$-1.8M
$-513.0K
Q4 24
$24.2M
Q3 24
$8.4M
$22.2M
Q2 24
$-2.6M
$14.0M
Free Cash Flow
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
$8.9M
Q3 25
$9.8M
Q2 25
$-9.5M
Q1 25
$-1.8M
Q4 24
$23.4M
Q3 24
$8.4M
Q2 24
$-2.6M
FCF Margin
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
10.9%
Q3 25
11.9%
Q2 25
-11.7%
Q1 25
-2.5%
Q4 24
31.5%
Q3 24
10.7%
Q2 24
-3.5%
Capex Intensity
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
2.6%
Q3 25
1.1%
Q2 25
1.3%
Q1 25
0.0%
Q4 24
1.1%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
AMSF
AMSF
KMDA
KMDA
Q1 26
Q4 25
1.06×
Q3 25
0.77×
1.97×
Q2 25
-0.61×
1.09×
Q1 25
-0.20×
-0.13×
Q4 24
1.83×
Q3 24
0.59×
5.75×
Q2 24
-0.24×
3.15×

Financial Flow Comparison

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

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