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

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $64.6M, roughly 1.2× McEwen Inc.). McEwen Inc. runs the higher net margin — 59.0% vs 10.2%, a 48.8% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs 10.3%). Over the past eight quarters, McEwen Inc.'s revenue compounded faster (25.2% 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.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

AMSF vs MUX — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.2× larger
AMSF
$80.1M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+82.5% gap
MUX
92.8%
10.3%
AMSF
Higher net margin
MUX
MUX
48.8% more per $
MUX
59.0%
10.2%
AMSF
Faster 2-yr revenue CAGR
MUX
MUX
Annualised
MUX
25.2%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
MUX
MUX
Revenue
$80.1M
$64.6M
Net Profit
$8.1M
$38.1M
Gross Margin
26.9%
Operating Margin
34.2%
Net Margin
10.2%
59.0%
Revenue YoY
10.3%
92.8%
Net Profit YoY
-9.0%
563.1%
EPS (diluted)
$0.43
$0.66

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
MUX
MUX
Q1 26
$80.1M
Q4 25
$81.6M
$64.6M
Q3 25
$82.0M
$50.5M
Q2 25
$81.1M
$46.7M
Q1 25
$72.6M
$35.7M
Q4 24
$74.0M
$33.5M
Q3 24
$78.7M
$52.3M
Q2 24
$75.8M
$47.5M
Net Profit
AMSF
AMSF
MUX
MUX
Q1 26
$8.1M
Q4 25
$10.4M
$38.1M
Q3 25
$13.8M
$-462.0K
Q2 25
$14.0M
$3.0M
Q1 25
$8.9M
$-6.3M
Q4 24
$13.2M
$-8.2M
Q3 24
$14.3M
$-2.1M
Q2 24
$11.0M
$-13.0M
Gross Margin
AMSF
AMSF
MUX
MUX
Q1 26
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Operating Margin
AMSF
AMSF
MUX
MUX
Q1 26
Q4 25
15.6%
34.2%
Q3 25
21.3%
-16.7%
Q2 25
21.5%
-7.2%
Q1 25
15.5%
-21.4%
Q4 24
22.7%
-43.4%
Q3 24
22.6%
-0.2%
Q2 24
18.1%
-29.4%
Net Margin
AMSF
AMSF
MUX
MUX
Q1 26
10.2%
Q4 25
12.8%
59.0%
Q3 25
16.9%
-0.9%
Q2 25
17.2%
6.5%
Q1 25
12.3%
-17.6%
Q4 24
17.8%
-24.6%
Q3 24
18.2%
-4.0%
Q2 24
14.5%
-27.4%
EPS (diluted)
AMSF
AMSF
MUX
MUX
Q1 26
$0.43
Q4 25
$0.55
$0.66
Q3 25
$0.72
$-0.01
Q2 25
$0.73
$0.06
Q1 25
$0.47
$-0.12
Q4 24
$0.69
$-0.15
Q3 24
$0.75
$-0.04
Q2 24
$0.57
$-0.26

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$34.2M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$246.6M
$546.2M
Total Assets
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
MUX
MUX
Q1 26
$34.2M
Q4 25
$61.9M
$72.1M
Q3 25
$54.7M
$75.4M
Q2 25
$48.5M
$69.5M
Q1 25
$44.8M
$79.3M
Q4 24
$44.1M
$15.3M
Q3 24
$63.7M
$30.2M
Q2 24
$30.6M
$42.6M
Total Debt
AMSF
AMSF
MUX
MUX
Q1 26
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Stockholders' Equity
AMSF
AMSF
MUX
MUX
Q1 26
$246.6M
Q4 25
$251.6M
$546.2M
Q3 25
$274.8M
$488.6M
Q2 25
$265.6M
$484.5M
Q1 25
$260.8M
$479.8M
Q4 24
$257.3M
$495.0M
Q3 24
$314.4M
$502.1M
Q2 24
$301.0M
$485.2M
Total Assets
AMSF
AMSF
MUX
MUX
Q1 26
Q4 25
$1.1B
$820.2M
Q3 25
$1.2B
$747.6M
Q2 25
$1.2B
$735.6M
Q1 25
$1.2B
$730.6M
Q4 24
$1.2B
$664.6M
Q3 24
$1.3B
$667.8M
Q2 24
$1.2B
$645.1M
Debt / Equity
AMSF
AMSF
MUX
MUX
Q1 26
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×

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
MUX
MUX
Operating Cash FlowLast quarter
$3.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
MUX
MUX
Q1 26
Q4 25
$11.1M
$3.1M
Q3 25
$10.7M
$5.2M
Q2 25
$-8.4M
$478.0K
Q1 25
$-1.8M
$-1.9M
Q4 24
$24.2M
$-1.2M
Q3 24
$8.4M
$23.2M
Q2 24
$-2.6M
$3.6M
Free Cash Flow
AMSF
AMSF
MUX
MUX
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
MUX
MUX
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
MUX
MUX
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
MUX
MUX
Q1 26
Q4 25
1.06×
0.08×
Q3 25
0.77×
Q2 25
-0.61×
0.16×
Q1 25
-0.20×
Q4 24
1.83×
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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