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Side-by-side financial comparison of AMERISAFE INC (AMSF) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $80.1M, roughly 1.1× AMERISAFE INC). OPAL Fuels Inc. runs the higher net margin — 18.3% vs 10.2%, a 8.1% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 10.3%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% 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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
AMSF vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $88.4M |
| Net Profit | $8.1M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | — | 7.5% |
| Net Margin | 10.2% | 18.3% |
| Revenue YoY | 10.3% | 18.7% |
| Net Profit YoY | -9.0% | 401.5% |
| EPS (diluted) | $0.43 | $0.08 |
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 | — | ||
| Q4 25 | $81.6M | $88.4M | ||
| Q3 25 | $82.0M | $77.9M | ||
| Q2 25 | $81.1M | $77.4M | ||
| Q1 25 | $72.6M | $83.0M | ||
| Q4 24 | $74.0M | $74.5M | ||
| Q3 24 | $78.7M | $82.6M | ||
| Q2 24 | $75.8M | $69.8M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $16.2M | ||
| Q3 25 | $13.8M | $11.4M | ||
| Q2 25 | $14.0M | $7.6M | ||
| Q1 25 | $8.9M | $1.3M | ||
| Q4 24 | $13.2M | $-5.4M | ||
| Q3 24 | $14.3M | $17.1M | ||
| Q2 24 | $11.0M | $1.9M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 7.5% | ||
| Q3 25 | 21.3% | 4.6% | ||
| Q2 25 | 21.5% | -1.1% | ||
| Q1 25 | 15.5% | -2.3% | ||
| Q4 24 | 22.7% | -0.5% | ||
| Q3 24 | 22.6% | 14.9% | ||
| Q2 24 | 18.1% | 8.1% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 18.3% | ||
| Q3 25 | 16.9% | 14.6% | ||
| Q2 25 | 17.2% | 9.8% | ||
| Q1 25 | 12.3% | 1.5% | ||
| Q4 24 | 17.8% | -7.2% | ||
| Q3 24 | 18.2% | 20.7% | ||
| Q2 24 | 14.5% | 2.7% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.08 | ||
| Q3 25 | $0.72 | $0.05 | ||
| Q2 25 | $0.73 | $0.03 | ||
| Q1 25 | $0.47 | $-0.01 | ||
| Q4 24 | $0.69 | $-0.05 | ||
| Q3 24 | $0.75 | $0.09 | ||
| Q2 24 | $0.57 | $-0.01 |
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 | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $246.6M | $-12.9M |
| Total Assets | — | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $24.4M | ||
| Q3 25 | $54.7M | $29.9M | ||
| Q2 25 | $48.5M | $29.3M | ||
| Q1 25 | $44.8M | $40.1M | ||
| Q4 24 | $44.1M | $24.3M | ||
| Q3 24 | $63.7M | $31.0M | ||
| Q2 24 | $30.6M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $-12.9M | ||
| Q3 25 | $274.8M | $7.5M | ||
| Q2 25 | $265.6M | $-25.0M | ||
| Q1 25 | $260.8M | $57.1M | ||
| Q4 24 | $257.3M | $-148.4M | ||
| Q3 24 | $314.4M | $-180.1M | ||
| Q2 24 | $301.0M | $-273.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $959.5M | ||
| Q3 25 | $1.2B | $916.7M | ||
| Q2 25 | $1.2B | $905.5M | ||
| Q1 25 | $1.2B | $884.9M | ||
| Q4 24 | $1.2B | $881.1M | ||
| Q3 24 | $1.3B | $831.1M | ||
| Q2 24 | $1.2B | $782.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| 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 | — | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $-3.5M | ||
| Q3 25 | $10.7M | $18.2M | ||
| Q2 25 | $-8.4M | $-7.9M | ||
| Q1 25 | $-1.8M | $29.7M | ||
| Q4 24 | $24.2M | $-532.0K | ||
| Q3 24 | $8.4M | $17.7M | ||
| Q2 24 | $-2.6M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $-13.4M | ||
| Q3 25 | $9.8M | $-9.3M | ||
| Q2 25 | $-9.5M | $-29.7M | ||
| Q1 25 | $-1.8M | $18.1M | ||
| Q4 24 | $23.4M | $-55.0M | ||
| Q3 24 | $8.4M | $-5.4M | ||
| Q2 24 | $-2.6M | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | -15.1% | ||
| Q3 25 | 11.9% | -11.9% | ||
| Q2 25 | -11.7% | -38.4% | ||
| Q1 25 | -2.5% | 21.8% | ||
| Q4 24 | 31.5% | -73.8% | ||
| Q3 24 | 10.7% | -6.5% | ||
| Q2 24 | -3.5% | -32.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 11.1% | ||
| Q3 25 | 1.1% | 35.3% | ||
| Q2 25 | 1.3% | 28.2% | ||
| Q1 25 | 0.0% | 13.9% | ||
| Q4 24 | 1.1% | 73.1% | ||
| Q3 24 | 0.0% | 27.9% | ||
| Q2 24 | 0.1% | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | -0.22× | ||
| Q3 25 | 0.77× | 1.60× | ||
| Q2 25 | -0.61× | -1.04× | ||
| Q1 25 | -0.20× | 23.11× | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 0.59× | 1.03× | ||
| Q2 24 | -0.24× | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
