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Side-by-side financial comparison of AMERISAFE INC (AMSF) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $80.1M, roughly 1.8× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -20.7%, a 30.9% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -15.1%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $141.3M |
| Net Profit | $8.1M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | — | -27.0% |
| Net Margin | 10.2% | -20.7% |
| Revenue YoY | 10.3% | -15.1% |
| Net Profit YoY | -9.0% | 7.4% |
| EPS (diluted) | $0.43 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $82.0M | $150.3M | ||
| Q2 25 | $81.1M | $151.1M | ||
| Q1 25 | $72.6M | $155.3M | ||
| Q4 24 | $74.0M | $166.5M | ||
| Q3 24 | $78.7M | $182.6M | ||
| Q2 24 | $75.8M | $182.9M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-29.3M | ||
| Q3 25 | $13.8M | $-5.6M | ||
| Q2 25 | $14.0M | $-9.6M | ||
| Q1 25 | $8.9M | $-8.1M | ||
| Q4 24 | $13.2M | $-31.6M | ||
| Q3 24 | $14.3M | $2.4M | ||
| Q2 24 | $11.0M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -27.0% | ||
| Q3 25 | 21.3% | -3.8% | ||
| Q2 25 | 21.5% | -7.3% | ||
| Q1 25 | 15.5% | -5.9% | ||
| Q4 24 | 22.7% | -22.6% | ||
| Q3 24 | 22.6% | 1.3% | ||
| Q2 24 | 18.1% | -0.4% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -20.7% | ||
| Q3 25 | 16.9% | -3.7% | ||
| Q2 25 | 17.2% | -6.4% | ||
| Q1 25 | 12.3% | -5.2% | ||
| Q4 24 | 17.8% | -19.0% | ||
| Q3 24 | 18.2% | 1.3% | ||
| Q2 24 | 14.5% | -1.6% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-1.38 | ||
| Q3 25 | $0.72 | $-0.27 | ||
| Q2 25 | $0.73 | $-0.46 | ||
| Q1 25 | $0.47 | $-0.37 | ||
| Q4 24 | $0.69 | $-1.44 | ||
| Q3 24 | $0.75 | $0.11 | ||
| Q2 24 | $0.57 | $-0.13 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $246.6M | $210.5M |
| Total Assets | — | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $83.7M | ||
| Q3 25 | $54.7M | $115.6M | ||
| Q2 25 | $48.5M | $117.3M | ||
| Q1 25 | $44.8M | $102.7M | ||
| Q4 24 | $44.1M | $110.7M | ||
| Q3 24 | $63.7M | $92.3M | ||
| Q2 24 | $30.6M | $114.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $210.5M | ||
| Q3 25 | $274.8M | $239.5M | ||
| Q2 25 | $265.6M | $244.9M | ||
| Q1 25 | $260.8M | $269.6M | ||
| Q4 24 | $257.3M | $277.5M | ||
| Q3 24 | $314.4M | $308.9M | ||
| Q2 24 | $301.0M | $306.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $697.9M | ||
| Q3 25 | $1.2B | $715.2M | ||
| Q2 25 | $1.2B | $707.9M | ||
| Q1 25 | $1.2B | $712.6M | ||
| Q4 24 | $1.2B | $741.7M | ||
| Q3 24 | $1.3B | $756.7M | ||
| Q2 24 | $1.2B | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $-5.8M | ||
| Q3 25 | $10.7M | $5.9M | ||
| Q2 25 | $-8.4M | $12.2M | ||
| Q1 25 | $-1.8M | $5.0M | ||
| Q4 24 | $24.2M | $15.2M | ||
| Q3 24 | $8.4M | $15.5M | ||
| Q2 24 | $-2.6M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $-25.0M | ||
| Q3 25 | $9.8M | $2.5M | ||
| Q2 25 | $-9.5M | $5.9M | ||
| Q1 25 | $-1.8M | $-6.8M | ||
| Q4 24 | $23.4M | $-39.9M | ||
| Q3 24 | $8.4M | $-33.6M | ||
| Q2 24 | $-2.6M | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | -17.7% | ||
| Q3 25 | 11.9% | 1.7% | ||
| Q2 25 | -11.7% | 3.9% | ||
| Q1 25 | -2.5% | -4.4% | ||
| Q4 24 | 31.5% | -24.0% | ||
| Q3 24 | 10.7% | -18.4% | ||
| Q2 24 | -3.5% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 13.6% | ||
| Q3 25 | 1.1% | 2.3% | ||
| Q2 25 | 1.3% | 4.2% | ||
| Q1 25 | 0.0% | 7.6% | ||
| Q4 24 | 1.1% | 33.1% | ||
| Q3 24 | 0.0% | 26.9% | ||
| Q2 24 | 0.1% | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 0.59× | 6.44× | ||
| Q2 24 | -0.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
