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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $80.1M, roughly 1.5× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -11.0%, a 21.2% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -27.7%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
AMSF vs METC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $121.0M |
| Net Profit | $8.1M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | — | -12.0% |
| Net Margin | 10.2% | -11.0% |
| Revenue YoY | 10.3% | -27.7% |
| Net Profit YoY | -9.0% | -5468.2% |
| EPS (diluted) | $0.43 | — |
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 | $121.0M | ||
| Q2 25 | $81.1M | $153.0M | ||
| Q1 25 | $72.6M | $134.7M | ||
| Q4 24 | $74.0M | $170.9M | ||
| Q3 24 | $78.7M | $167.4M | ||
| Q2 24 | $75.8M | $155.3M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | — | ||
| Q3 25 | $13.8M | $-13.3M | ||
| Q2 25 | $14.0M | $-14.0M | ||
| Q1 25 | $8.9M | $-9.5M | ||
| Q4 24 | $13.2M | $3.9M | ||
| Q3 24 | $14.3M | $-239.0K | ||
| Q2 24 | $11.0M | $5.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | — | ||
| Q3 25 | 21.3% | -12.0% | ||
| Q2 25 | 21.5% | -9.1% | ||
| Q1 25 | 15.5% | -8.9% | ||
| Q4 24 | 22.7% | 3.7% | ||
| Q3 24 | 22.6% | 1.0% | ||
| Q2 24 | 18.1% | 3.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | — | ||
| Q3 25 | 16.9% | -11.0% | ||
| Q2 25 | 17.2% | -9.1% | ||
| Q1 25 | 12.3% | -7.0% | ||
| Q4 24 | 17.8% | 2.3% | ||
| Q3 24 | 18.2% | -0.1% | ||
| Q2 24 | 14.5% | 3.6% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.72 | — | ||
| Q2 25 | $0.73 | — | ||
| Q1 25 | $0.47 | — | ||
| Q4 24 | $0.69 | $0.06 | ||
| Q3 24 | $0.75 | $-0.03 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $246.6M | $526.9M |
| Total Assets | — | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | — | ||
| Q3 25 | $54.7M | $193.8M | ||
| Q2 25 | $48.5M | $28.1M | ||
| Q1 25 | $44.8M | $43.5M | ||
| Q4 24 | $44.1M | $33.0M | ||
| Q3 24 | $63.7M | $22.9M | ||
| Q2 24 | $30.6M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | — | ||
| Q3 25 | $274.8M | $526.9M | ||
| Q2 25 | $265.6M | $347.4M | ||
| Q1 25 | $260.8M | $355.2M | ||
| Q4 24 | $257.3M | $362.8M | ||
| Q3 24 | $314.4M | $361.8M | ||
| Q2 24 | $301.0M | $366.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $849.7M | ||
| Q2 25 | $1.2B | $674.6M | ||
| Q1 25 | $1.2B | $685.7M | ||
| Q4 24 | $1.2B | $674.7M | ||
| Q3 24 | $1.3B | $645.4M | ||
| Q2 24 | $1.2B | $659.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-17.5M |
| FCF MarginFCF / Revenue | — | -14.5% |
| Capex IntensityCapex / Revenue | — | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | — | ||
| Q3 25 | $10.7M | $-1.4M | ||
| Q2 25 | $-8.4M | $-4.3M | ||
| Q1 25 | $-1.8M | $26.0M | ||
| Q4 24 | $24.2M | $15.7M | ||
| Q3 24 | $8.4M | $37.4M | ||
| Q2 24 | $-2.6M | $34.4M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | — | ||
| Q3 25 | $9.8M | $-17.5M | ||
| Q2 25 | $-9.5M | $-19.8M | ||
| Q1 25 | $-1.8M | $7.6M | ||
| Q4 24 | $23.4M | $5.1M | ||
| Q3 24 | $8.4M | $25.6M | ||
| Q2 24 | $-2.6M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 11.9% | -14.5% | ||
| Q2 25 | -11.7% | -13.0% | ||
| Q1 25 | -2.5% | 5.6% | ||
| Q4 24 | 31.5% | 3.0% | ||
| Q3 24 | 10.7% | 15.3% | ||
| Q2 24 | -3.5% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 13.3% | ||
| Q2 25 | 1.3% | 10.2% | ||
| Q1 25 | 0.0% | 13.7% | ||
| Q4 24 | 1.1% | 6.2% | ||
| Q3 24 | 0.0% | 7.0% | ||
| Q2 24 | 0.1% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | 4.06× | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | -0.24× | 6.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
