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

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $66.9M, roughly 1.2× RING ENERGY, INC.). On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -19.8%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -15.9%).

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.

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

AMSF vs REI — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.2× larger
AMSF
$80.1M
$66.9M
REI
Growing faster (revenue YoY)
AMSF
AMSF
+30.2% gap
AMSF
10.3%
-19.8%
REI
Faster 2-yr revenue CAGR
AMSF
AMSF
Annualised
AMSF
2.8%
-15.9%
REI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
REI
REI
Revenue
$80.1M
$66.9M
Net Profit
$8.1M
Gross Margin
Operating Margin
-37.6%
Net Margin
10.2%
Revenue YoY
10.3%
-19.8%
Net Profit YoY
-9.0%
EPS (diluted)
$0.43
$-0.07

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
REI
REI
Q1 26
$80.1M
Q4 25
$81.6M
$66.9M
Q3 25
$82.0M
$78.6M
Q2 25
$81.1M
$82.6M
Q1 25
$72.6M
$79.1M
Q4 24
$74.0M
$83.4M
Q3 24
$78.7M
$89.2M
Q2 24
$75.8M
$99.1M
Net Profit
AMSF
AMSF
REI
REI
Q1 26
$8.1M
Q4 25
$10.4M
Q3 25
$13.8M
$-51.6M
Q2 25
$14.0M
$20.6M
Q1 25
$8.9M
$9.1M
Q4 24
$13.2M
Q3 24
$14.3M
$33.9M
Q2 24
$11.0M
$22.4M
Operating Margin
AMSF
AMSF
REI
REI
Q1 26
Q4 25
15.6%
-37.6%
Q3 25
21.3%
-70.0%
Q2 25
21.5%
28.4%
Q1 25
15.5%
28.3%
Q4 24
22.7%
28.3%
Q3 24
22.6%
33.4%
Q2 24
18.1%
42.2%
Net Margin
AMSF
AMSF
REI
REI
Q1 26
10.2%
Q4 25
12.8%
Q3 25
16.9%
-65.7%
Q2 25
17.2%
25.0%
Q1 25
12.3%
11.5%
Q4 24
17.8%
Q3 24
18.2%
38.0%
Q2 24
14.5%
22.6%
EPS (diluted)
AMSF
AMSF
REI
REI
Q1 26
$0.43
Q4 25
$0.55
$-0.07
Q3 25
$0.72
$-0.25
Q2 25
$0.73
$0.10
Q1 25
$0.47
$0.05
Q4 24
$0.69
$0.03
Q3 24
$0.75
$0.17
Q2 24
$0.57
$0.11

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
REI
REI
Cash + ST InvestmentsLiquidity on hand
$34.2M
$902.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$246.6M
$836.3M
Total Assets
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
REI
REI
Q1 26
$34.2M
Q4 25
$61.9M
$902.9K
Q3 25
$54.7M
$286.9K
Q2 25
$48.5M
Q1 25
$44.8M
$1.1M
Q4 24
$44.1M
$1.9M
Q3 24
$63.7M
Q2 24
$30.6M
$1.2M
Stockholders' Equity
AMSF
AMSF
REI
REI
Q1 26
$246.6M
Q4 25
$251.6M
$836.3M
Q3 25
$274.8M
$847.7M
Q2 25
$265.6M
$897.9M
Q1 25
$260.8M
$876.0M
Q4 24
$257.3M
$858.6M
Q3 24
$314.4M
$851.3M
Q2 24
$301.0M
$817.4M
Total Assets
AMSF
AMSF
REI
REI
Q1 26
Q4 25
$1.1B
$1.4B
Q3 25
$1.2B
$1.4B
Q2 25
$1.2B
$1.5B
Q1 25
$1.2B
$1.5B
Q4 24
$1.2B
$1.4B
Q3 24
$1.3B
$1.4B
Q2 24
$1.2B
$1.4B

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
REI
REI
Operating Cash FlowLast quarter
$44.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
REI
REI
Q1 26
Q4 25
$11.1M
$44.7M
Q3 25
$10.7M
$44.5M
Q2 25
$-8.4M
$33.3M
Q1 25
$-1.8M
$28.4M
Q4 24
$24.2M
$47.3M
Q3 24
$8.4M
$51.3M
Q2 24
$-2.6M
$50.6M
Free Cash Flow
AMSF
AMSF
REI
REI
Q1 26
Q4 25
$8.9M
Q3 25
$9.8M
Q2 25
$-9.5M
Q1 25
$-1.8M
Q4 24
$23.4M
Q3 24
$8.4M
Q2 24
$-2.6M
FCF Margin
AMSF
AMSF
REI
REI
Q1 26
Q4 25
10.9%
Q3 25
11.9%
Q2 25
-11.7%
Q1 25
-2.5%
Q4 24
31.5%
Q3 24
10.7%
Q2 24
-3.5%
Capex Intensity
AMSF
AMSF
REI
REI
Q1 26
Q4 25
2.6%
Q3 25
1.1%
Q2 25
1.3%
Q1 25
0.0%
Q4 24
1.1%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
AMSF
AMSF
REI
REI
Q1 26
Q4 25
1.06×
Q3 25
0.77×
Q2 25
-0.61×
1.61×
Q1 25
-0.20×
3.11×
Q4 24
1.83×
Q3 24
0.59×
1.52×
Q2 24
-0.24×
2.26×

Financial Flow Comparison

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

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