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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $49.0M, roughly 1.6× Quipt Home Medical Corp.). AMERISAFE INC runs the higher net margin — 10.2% vs -2.1%, a 12.3% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 10.3%).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

AMSF vs QIPT — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.6× larger
AMSF
$80.1M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+21.9% gap
QIPT
32.3%
10.3%
AMSF
Higher net margin
AMSF
AMSF
12.3% more per $
AMSF
10.2%
-2.1%
QIPT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AMSF
AMSF
QIPT
QIPT
Revenue
$80.1M
$49.0M
Net Profit
$8.1M
$-1.1M
Gross Margin
53.5%
Operating Margin
2.1%
Net Margin
10.2%
-2.1%
Revenue YoY
10.3%
32.3%
Net Profit YoY
-9.0%
2.9%
EPS (diluted)
$0.43
$-0.02

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
QIPT
QIPT
Q1 26
$80.1M
Q4 25
$81.6M
$49.0M
Q3 25
$82.0M
$39.8M
Q2 25
$81.1M
$35.1M
Q1 25
$72.6M
$33.3M
Q4 24
$74.0M
$37.1M
Q3 24
$78.7M
Q2 24
$75.8M
Net Profit
AMSF
AMSF
QIPT
QIPT
Q1 26
$8.1M
Q4 25
$10.4M
$-1.1M
Q3 25
$13.8M
$-3.5M
Q2 25
$14.0M
$-3.0M
Q1 25
$8.9M
$-3.0M
Q4 24
$13.2M
$-1.1M
Q3 24
$14.3M
Q2 24
$11.0M
Gross Margin
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Operating Margin
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
15.6%
2.1%
Q3 25
21.3%
-3.6%
Q2 25
21.5%
-5.2%
Q1 25
15.5%
-3.0%
Q4 24
22.7%
1.2%
Q3 24
22.6%
Q2 24
18.1%
Net Margin
AMSF
AMSF
QIPT
QIPT
Q1 26
10.2%
Q4 25
12.8%
-2.1%
Q3 25
16.9%
-8.9%
Q2 25
17.2%
-8.6%
Q1 25
12.3%
-9.1%
Q4 24
17.8%
-2.9%
Q3 24
18.2%
Q2 24
14.5%
EPS (diluted)
AMSF
AMSF
QIPT
QIPT
Q1 26
$0.43
Q4 25
$0.55
$-0.02
Q3 25
$0.72
$-0.07
Q2 25
$0.73
$-0.07
Q1 25
$0.47
$-0.07
Q4 24
$0.69
$-0.03
Q3 24
$0.75
Q2 24
$0.57

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$34.2M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$246.6M
$113.0M
Total Assets
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
QIPT
QIPT
Q1 26
$34.2M
Q4 25
$61.9M
$10.5M
Q3 25
$54.7M
$12.9M
Q2 25
$48.5M
$11.3M
Q1 25
$44.8M
$17.1M
Q4 24
$44.1M
$15.5M
Q3 24
$63.7M
Q2 24
$30.6M
Total Debt
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Stockholders' Equity
AMSF
AMSF
QIPT
QIPT
Q1 26
$246.6M
Q4 25
$251.6M
$113.0M
Q3 25
$274.8M
$112.1M
Q2 25
$265.6M
$102.5M
Q1 25
$260.8M
$103.6M
Q4 24
$257.3M
$106.3M
Q3 24
$314.4M
Q2 24
$301.0M
Total Assets
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
$1.1B
$280.7M
Q3 25
$1.2B
$283.3M
Q2 25
$1.2B
$236.1M
Q1 25
$1.2B
$244.6M
Q4 24
$1.2B
$242.8M
Q3 24
$1.3B
Q2 24
$1.2B
Debt / Equity
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
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
AMSF
AMSF
QIPT
QIPT
Operating Cash FlowLast quarter
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
$11.1M
$8.9M
Q3 25
$10.7M
$9.8M
Q2 25
$-8.4M
$9.7M
Q1 25
$-1.8M
$8.9M
Q4 24
$24.2M
$9.3M
Q3 24
$8.4M
Q2 24
$-2.6M
Free Cash Flow
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
$8.9M
$6.9M
Q3 25
$9.8M
$8.0M
Q2 25
$-9.5M
$4.4M
Q1 25
$-1.8M
$7.3M
Q4 24
$23.4M
$5.6M
Q3 24
$8.4M
Q2 24
$-2.6M
FCF Margin
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
10.9%
14.0%
Q3 25
11.9%
20.0%
Q2 25
-11.7%
12.6%
Q1 25
-2.5%
22.0%
Q4 24
31.5%
15.2%
Q3 24
10.7%
Q2 24
-3.5%
Capex Intensity
AMSF
AMSF
QIPT
QIPT
Q1 26
Q4 25
2.6%
4.2%
Q3 25
1.1%
4.6%
Q2 25
1.3%
14.9%
Q1 25
0.0%
4.8%
Q4 24
1.1%
9.9%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
AMSF
AMSF
QIPT
QIPT
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×
Q2 24
-0.24×

Financial Flow Comparison

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

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