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Side-by-side financial comparison of AMERISAFE INC (AMSF) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
NWPX Infrastructure, Inc. is the larger business by last-quarter revenue ($138.3M vs $80.1M, roughly 1.7× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 7.6%, a 2.6% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 10.3%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% 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.
AMSF vs NWPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $138.3M |
| Net Profit | $8.1M | $10.5M |
| Gross Margin | — | 19.3% |
| Operating Margin | — | 9.2% |
| Net Margin | 10.2% | 7.6% |
| Revenue YoY | 10.3% | 19.1% |
| Net Profit YoY | -9.0% | 165.7% |
| EPS (diluted) | $0.43 | $1.08 |
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 | $138.3M | ||
| Q4 25 | $81.6M | $125.6M | ||
| Q3 25 | $82.0M | $151.1M | ||
| Q2 25 | $81.1M | $133.2M | ||
| Q1 25 | $72.6M | $116.1M | ||
| Q4 24 | $74.0M | $119.6M | ||
| Q3 24 | $78.7M | $130.2M | ||
| Q2 24 | $75.8M | $129.5M |
| Q1 26 | $8.1M | $10.5M | ||
| Q4 25 | $10.4M | $8.9M | ||
| Q3 25 | $13.8M | $13.5M | ||
| Q2 25 | $14.0M | $9.1M | ||
| Q1 25 | $8.9M | $4.0M | ||
| Q4 24 | $13.2M | $10.1M | ||
| Q3 24 | $14.3M | $10.3M | ||
| Q2 24 | $11.0M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | — | 21.3% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 19.9% |
| Q1 26 | — | 9.2% | ||
| Q4 25 | 15.6% | 10.4% | ||
| Q3 25 | 21.3% | 12.6% | ||
| Q2 25 | 21.5% | 9.9% | ||
| Q1 25 | 15.5% | 4.8% | ||
| Q4 24 | 22.7% | 8.8% | ||
| Q3 24 | 22.6% | 11.9% | ||
| Q2 24 | 18.1% | 10.5% |
| Q1 26 | 10.2% | 7.6% | ||
| Q4 25 | 12.8% | 7.1% | ||
| Q3 25 | 16.9% | 8.9% | ||
| Q2 25 | 17.2% | 6.8% | ||
| Q1 25 | 12.3% | 3.4% | ||
| Q4 24 | 17.8% | 8.4% | ||
| Q3 24 | 18.2% | 7.9% | ||
| Q2 24 | 14.5% | 6.7% |
| Q1 26 | $0.43 | $1.08 | ||
| Q4 25 | $0.55 | $0.88 | ||
| Q3 25 | $0.72 | $1.38 | ||
| Q2 25 | $0.73 | $0.91 | ||
| Q1 25 | $0.47 | $0.39 | ||
| Q4 24 | $0.69 | $1.00 | ||
| Q3 24 | $0.75 | $1.02 | ||
| Q2 24 | $0.57 | $0.86 |
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 | $14.3M |
| Total DebtLower is stronger | — | $10.7M |
| Stockholders' EquityBook value | $246.6M | $403.7M |
| Total Assets | — | $634.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | $14.3M | ||
| Q4 25 | $61.9M | $2.3M | ||
| Q3 25 | $54.7M | $2.7M | ||
| Q2 25 | $48.5M | $2.0M | ||
| Q1 25 | $44.8M | $5.3M | ||
| Q4 24 | $44.1M | $5.0M | ||
| Q3 24 | $63.7M | $5.7M | ||
| Q2 24 | $30.6M | $4.5M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $246.6M | $403.7M | ||
| Q4 25 | $251.6M | $394.8M | ||
| Q3 25 | $274.8M | $386.4M | ||
| Q2 25 | $265.6M | $379.5M | ||
| Q1 25 | $260.8M | $378.5M | ||
| Q4 24 | $257.3M | $374.0M | ||
| Q3 24 | $314.4M | $362.4M | ||
| Q2 24 | $301.0M | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $1.1B | $579.6M | ||
| Q3 25 | $1.2B | $605.2M | ||
| Q2 25 | $1.2B | $592.6M | ||
| Q1 25 | $1.2B | $582.2M | ||
| Q4 24 | $1.2B | $589.7M | ||
| Q3 24 | $1.3B | $617.2M | ||
| Q2 24 | $1.2B | $631.7M |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 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 | — | $29.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $11.1M | $36.0M | ||
| Q3 25 | $10.7M | $21.0M | ||
| Q2 25 | $-8.4M | $5.4M | ||
| Q1 25 | $-1.8M | $4.8M | ||
| Q4 24 | $24.2M | $36.1M | ||
| Q3 24 | $8.4M | $22.7M | ||
| Q2 24 | $-2.6M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $30.8M | ||
| Q3 25 | $9.8M | $13.2M | ||
| Q2 25 | $-9.5M | $1.9M | ||
| Q1 25 | $-1.8M | $1.2M | ||
| Q4 24 | $23.4M | $31.9M | ||
| Q3 24 | $8.4M | $16.8M | ||
| Q2 24 | $-2.6M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 24.5% | ||
| Q3 25 | 11.9% | 8.7% | ||
| Q2 25 | -11.7% | 1.4% | ||
| Q1 25 | -2.5% | 1.0% | ||
| Q4 24 | 31.5% | 26.7% | ||
| Q3 24 | 10.7% | 12.9% | ||
| Q2 24 | -3.5% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 4.1% | ||
| Q3 25 | 1.1% | 5.2% | ||
| Q2 25 | 1.3% | 2.6% | ||
| Q1 25 | 0.0% | 3.2% | ||
| Q4 24 | 1.1% | 3.5% | ||
| Q3 24 | 0.0% | 4.6% | ||
| Q2 24 | 0.1% | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | 1.06× | 4.06× | ||
| Q3 25 | 0.77× | 1.55× | ||
| Q2 25 | -0.61× | 0.60× | ||
| Q1 25 | -0.20× | 1.22× | ||
| Q4 24 | 1.83× | 3.58× | ||
| Q3 24 | 0.59× | 2.22× | ||
| Q2 24 | -0.24× | 2.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
