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Side-by-side financial comparison of AMERISAFE INC (AMSF) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $75.5M, roughly 1.1× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 10.3%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

AMSF vs PBYI — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.1× larger
AMSF
$80.1M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+17.4% gap
PBYI
27.7%
10.3%
AMSF
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
PBYI
PBYI
Revenue
$80.1M
$75.5M
Net Profit
$8.1M
Gross Margin
69.3%
Operating Margin
22.7%
Net Margin
10.2%
Revenue YoY
10.3%
27.7%
Net Profit YoY
-9.0%
EPS (diluted)
$0.43
$0.26

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
PBYI
PBYI
Q1 26
$80.1M
Q4 25
$81.6M
$75.5M
Q3 25
$82.0M
$54.5M
Q2 25
$81.1M
$52.4M
Q1 25
$72.6M
$46.0M
Q4 24
$74.0M
$59.1M
Q3 24
$78.7M
$80.5M
Q2 24
$75.8M
$47.1M
Net Profit
AMSF
AMSF
PBYI
PBYI
Q1 26
$8.1M
Q4 25
$10.4M
Q3 25
$13.8M
$8.8M
Q2 25
$14.0M
$5.9M
Q1 25
$8.9M
$3.0M
Q4 24
$13.2M
Q3 24
$14.3M
$20.3M
Q2 24
$11.0M
$-4.5M
Gross Margin
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Operating Margin
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
15.6%
22.7%
Q3 25
21.3%
17.6%
Q2 25
21.5%
12.7%
Q1 25
15.5%
8.7%
Q4 24
22.7%
22.6%
Q3 24
22.6%
27.4%
Q2 24
18.1%
-4.6%
Net Margin
AMSF
AMSF
PBYI
PBYI
Q1 26
10.2%
Q4 25
12.8%
Q3 25
16.9%
16.2%
Q2 25
17.2%
11.2%
Q1 25
12.3%
6.5%
Q4 24
17.8%
Q3 24
18.2%
25.2%
Q2 24
14.5%
-9.6%
EPS (diluted)
AMSF
AMSF
PBYI
PBYI
Q1 26
$0.43
Q4 25
$0.55
$0.26
Q3 25
$0.72
$0.17
Q2 25
$0.73
$0.12
Q1 25
$0.47
$0.06
Q4 24
$0.69
$0.40
Q3 24
$0.75
$0.41
Q2 24
$0.57
$-0.09

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$34.2M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$246.6M
$130.3M
Total Assets
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
PBYI
PBYI
Q1 26
$34.2M
Q4 25
$61.9M
$97.5M
Q3 25
$54.7M
$94.4M
Q2 25
$48.5M
$96.0M
Q1 25
$44.8M
$93.2M
Q4 24
$44.1M
$101.0M
Q3 24
$63.7M
$96.7M
Q2 24
$30.6M
$96.8M
Total Debt
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Stockholders' Equity
AMSF
AMSF
PBYI
PBYI
Q1 26
$246.6M
Q4 25
$251.6M
$130.3M
Q3 25
$274.8M
$115.3M
Q2 25
$265.6M
$104.7M
Q1 25
$260.8M
$97.1M
Q4 24
$257.3M
$92.1M
Q3 24
$314.4M
$71.1M
Q2 24
$301.0M
$48.5M
Total Assets
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
$1.1B
$216.3M
Q3 25
$1.2B
$202.9M
Q2 25
$1.2B
$194.9M
Q1 25
$1.2B
$196.2M
Q4 24
$1.2B
$213.3M
Q3 24
$1.3B
$220.7M
Q2 24
$1.2B
$205.0M
Debt / Equity
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×

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
PBYI
PBYI
Operating Cash FlowLast quarter
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
$11.1M
$14.4M
Q3 25
$10.7M
$9.7M
Q2 25
$-8.4M
$14.1M
Q1 25
$-1.8M
$3.6M
Q4 24
$24.2M
$15.6M
Q3 24
$8.4M
$11.0M
Q2 24
$-2.6M
$1.0M
Free Cash Flow
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
$8.9M
$14.4M
Q3 25
$9.8M
$9.7M
Q2 25
$-9.5M
$14.1M
Q1 25
$-1.8M
$3.6M
Q4 24
$23.4M
$15.6M
Q3 24
$8.4M
$11.0M
Q2 24
$-2.6M
$1.0M
FCF Margin
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
10.9%
19.1%
Q3 25
11.9%
17.7%
Q2 25
-11.7%
26.8%
Q1 25
-2.5%
7.7%
Q4 24
31.5%
26.4%
Q3 24
10.7%
13.7%
Q2 24
-3.5%
2.1%
Capex Intensity
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
2.6%
0.0%
Q3 25
1.1%
0.0%
Q2 25
1.3%
0.0%
Q1 25
0.0%
0.1%
Q4 24
1.1%
0.0%
Q3 24
0.0%
0.0%
Q2 24
0.1%
0.0%
Cash Conversion
AMSF
AMSF
PBYI
PBYI
Q1 26
Q4 25
1.06×
Q3 25
0.77×
1.10×
Q2 25
-0.61×
2.41×
Q1 25
-0.20×
1.21×
Q4 24
1.83×
Q3 24
0.59×
0.54×
Q2 24
-0.24×

Financial Flow Comparison

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

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