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

N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $80.1M, roughly 1.6× AMERISAFE INC). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs 10.3%). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% 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.

Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.

AMSF vs NABL — Head-to-Head

Bigger by revenue
NABL
NABL
1.6× larger
NABL
$130.3M
$80.1M
AMSF
Growing faster (revenue YoY)
NABL
NABL
+1.5% gap
NABL
11.8%
10.3%
AMSF
Faster 2-yr revenue CAGR
NABL
NABL
Annualised
NABL
7.0%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
NABL
NABL
Revenue
$80.1M
$130.3M
Net Profit
$8.1M
Gross Margin
76.2%
Operating Margin
10.2%
Net Margin
10.2%
Revenue YoY
10.3%
11.8%
Net Profit YoY
-9.0%
EPS (diluted)
$0.43
$-0.04

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
NABL
NABL
Q1 26
$80.1M
Q4 25
$81.6M
$130.3M
Q3 25
$82.0M
$131.7M
Q2 25
$81.1M
$131.2M
Q1 25
$72.6M
$118.2M
Q4 24
$74.0M
$116.5M
Q3 24
$78.7M
$116.4M
Q2 24
$75.8M
$119.4M
Net Profit
AMSF
AMSF
NABL
NABL
Q1 26
$8.1M
Q4 25
$10.4M
Q3 25
$13.8M
$1.4M
Q2 25
$14.0M
$-4.0M
Q1 25
$8.9M
$-7.2M
Q4 24
$13.2M
Q3 24
$14.3M
$10.8M
Q2 24
$11.0M
$9.5M
Gross Margin
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
76.2%
Q3 25
77.5%
Q2 25
78.1%
Q1 25
76.6%
Q4 24
80.0%
Q3 24
82.9%
Q2 24
84.0%
Operating Margin
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
15.6%
10.2%
Q3 25
21.3%
8.8%
Q2 25
21.5%
7.7%
Q1 25
15.5%
1.5%
Q4 24
22.7%
13.7%
Q3 24
22.6%
20.5%
Q2 24
18.1%
18.4%
Net Margin
AMSF
AMSF
NABL
NABL
Q1 26
10.2%
Q4 25
12.8%
Q3 25
16.9%
1.1%
Q2 25
17.2%
-3.1%
Q1 25
12.3%
-6.1%
Q4 24
17.8%
Q3 24
18.2%
9.2%
Q2 24
14.5%
7.9%
EPS (diluted)
AMSF
AMSF
NABL
NABL
Q1 26
$0.43
Q4 25
$0.55
$-0.04
Q3 25
$0.72
$0.01
Q2 25
$0.73
$-0.02
Q1 25
$0.47
$-0.04
Q4 24
$0.69
$0.01
Q3 24
$0.75
$0.06
Q2 24
$0.57
$0.05

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
NABL
NABL
Cash + ST InvestmentsLiquidity on hand
$34.2M
$111.8M
Total DebtLower is stronger
$393.9M
Stockholders' EquityBook value
$246.6M
$804.7M
Total Assets
$1.4B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
NABL
NABL
Q1 26
$34.2M
Q4 25
$61.9M
$111.8M
Q3 25
$54.7M
$101.4M
Q2 25
$48.5M
$93.9M
Q1 25
$44.8M
$94.1M
Q4 24
$44.1M
$85.2M
Q3 24
$63.7M
$174.4M
Q2 24
$30.6M
$157.5M
Total Debt
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
$393.9M
Q3 25
$331.7M
Q2 25
$332.1M
Q1 25
$332.6M
Q4 24
$333.1M
Q3 24
$333.6M
Q2 24
$334.1M
Stockholders' Equity
AMSF
AMSF
NABL
NABL
Q1 26
$246.6M
Q4 25
$251.6M
$804.7M
Q3 25
$274.8M
$813.4M
Q2 25
$265.6M
$809.4M
Q1 25
$260.8M
$775.1M
Q4 24
$257.3M
$759.3M
Q3 24
$314.4M
$765.0M
Q2 24
$301.0M
$724.4M
Total Assets
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
$1.1B
$1.4B
Q3 25
$1.2B
$1.4B
Q2 25
$1.2B
$1.4B
Q1 25
$1.2B
$1.4B
Q4 24
$1.2B
$1.3B
Q3 24
$1.3B
$1.2B
Q2 24
$1.2B
$1.2B
Debt / Equity
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
0.49×
Q3 25
0.41×
Q2 25
0.41×
Q1 25
0.43×
Q4 24
0.44×
Q3 24
0.44×
Q2 24
0.46×

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
NABL
NABL
Operating Cash FlowLast quarter
$25.3M
Free Cash FlowOCF − Capex
$20.9M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
$11.1M
$25.3M
Q3 25
$10.7M
$24.0M
Q2 25
$-8.4M
$24.2M
Q1 25
$-1.8M
$19.7M
Q4 24
$24.2M
$26.0M
Q3 24
$8.4M
$22.0M
Q2 24
$-2.6M
$27.3M
Free Cash Flow
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
$8.9M
$20.9M
Q3 25
$9.8M
$17.4M
Q2 25
$-9.5M
$20.4M
Q1 25
$-1.8M
$16.4M
Q4 24
$23.4M
$18.8M
Q3 24
$8.4M
$18.2M
Q2 24
$-2.6M
$24.0M
FCF Margin
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
10.9%
16.0%
Q3 25
11.9%
13.2%
Q2 25
-11.7%
15.5%
Q1 25
-2.5%
13.9%
Q4 24
31.5%
16.2%
Q3 24
10.7%
15.7%
Q2 24
-3.5%
20.1%
Capex Intensity
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
2.6%
3.4%
Q3 25
1.1%
5.0%
Q2 25
1.3%
2.9%
Q1 25
0.0%
2.8%
Q4 24
1.1%
6.1%
Q3 24
0.0%
3.2%
Q2 24
0.1%
2.7%
Cash Conversion
AMSF
AMSF
NABL
NABL
Q1 26
Q4 25
1.06×
Q3 25
0.77×
17.36×
Q2 25
-0.61×
Q1 25
-0.20×
Q4 24
1.83×
Q3 24
0.59×
2.04×
Q2 24
-0.24×
2.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMSF
AMSF

Segment breakdown not available.

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

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