vs
Side-by-side financial comparison of AMERISAFE INC (AMSF) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $71.1M, roughly 1.1× RE/MAX Holdings, Inc.). AMERISAFE INC runs the higher net margin — 10.2% vs 2.0%, a 8.1% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -1.8%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
AMSF vs RMAX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $71.1M |
| Net Profit | $8.1M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | — | 13.1% |
| Net Margin | 10.2% | 2.0% |
| Revenue YoY | 10.3% | -1.8% |
| Net Profit YoY | -9.0% | -75.2% |
| EPS (diluted) | $0.43 | — |
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 | $71.1M | ||
| Q3 25 | $82.0M | $73.2M | ||
| Q2 25 | $81.1M | $72.8M | ||
| Q1 25 | $72.6M | $74.5M | ||
| Q4 24 | $74.0M | $72.5M | ||
| Q3 24 | $78.7M | $78.5M | ||
| Q2 24 | $75.8M | $78.5M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $1.4M | ||
| Q3 25 | $13.8M | $4.0M | ||
| Q2 25 | $14.0M | $4.7M | ||
| Q1 25 | $8.9M | $-2.0M | ||
| Q4 24 | $13.2M | $5.8M | ||
| Q3 24 | $14.3M | $966.0K | ||
| Q2 24 | $11.0M | $3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 13.1% | ||
| Q3 25 | 21.3% | 25.0% | ||
| Q2 25 | 21.5% | 19.3% | ||
| Q1 25 | 15.5% | 7.2% | ||
| Q4 24 | 22.7% | 5.9% | ||
| Q3 24 | 22.6% | 19.4% | ||
| Q2 24 | 18.1% | 20.6% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 2.0% | ||
| Q3 25 | 16.9% | 5.4% | ||
| Q2 25 | 17.2% | 6.4% | ||
| Q1 25 | 12.3% | -2.6% | ||
| Q4 24 | 17.8% | 8.0% | ||
| Q3 24 | 18.2% | 1.2% | ||
| Q2 24 | 14.5% | 4.7% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.72 | — | ||
| Q2 25 | $0.73 | — | ||
| Q1 25 | $0.47 | — | ||
| Q4 24 | $0.69 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $246.6M | $452.4M |
| Total Assets | — | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $118.7M | ||
| Q3 25 | $54.7M | $107.5M | ||
| Q2 25 | $48.5M | $94.3M | ||
| Q1 25 | $44.8M | $89.1M | ||
| Q4 24 | $44.1M | $96.6M | ||
| Q3 24 | $63.7M | $83.8M | ||
| Q2 24 | $30.6M | $66.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $452.4M | ||
| Q3 25 | $274.8M | $448.1M | ||
| Q2 25 | $265.6M | $442.4M | ||
| Q1 25 | $260.8M | $433.5M | ||
| Q4 24 | $257.3M | $429.5M | ||
| Q3 24 | $314.4M | $423.1M | ||
| Q2 24 | $301.0M | $418.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $582.5M | ||
| Q3 25 | $1.2B | $582.2M | ||
| Q2 25 | $1.2B | $574.8M | ||
| Q1 25 | $1.2B | $571.4M | ||
| Q4 24 | $1.2B | $581.6M | ||
| Q3 24 | $1.3B | $578.6M | ||
| Q2 24 | $1.2B | $571.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× |
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 | — | $40.9M |
| Free Cash FlowOCF − Capex | — | $33.5M |
| FCF MarginFCF / Revenue | — | 47.1% |
| Capex IntensityCapex / Revenue | — | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $40.9M | ||
| Q3 25 | $10.7M | $17.7M | ||
| Q2 25 | $-8.4M | $4.6M | ||
| Q1 25 | $-1.8M | $5.7M | ||
| Q4 24 | $24.2M | $59.7M | ||
| Q3 24 | $8.4M | $17.6M | ||
| Q2 24 | $-2.6M | $15.9M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $33.5M | ||
| Q3 25 | $9.8M | $16.4M | ||
| Q2 25 | $-9.5M | $2.9M | ||
| Q1 25 | $-1.8M | $4.0M | ||
| Q4 24 | $23.4M | $53.0M | ||
| Q3 24 | $8.4M | $16.3M | ||
| Q2 24 | $-2.6M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 47.1% | ||
| Q3 25 | 11.9% | 22.4% | ||
| Q2 25 | -11.7% | 4.0% | ||
| Q1 25 | -2.5% | 5.3% | ||
| Q4 24 | 31.5% | 73.2% | ||
| Q3 24 | 10.7% | 20.8% | ||
| Q2 24 | -3.5% | 17.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 10.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 1.3% | 2.2% | ||
| Q1 25 | 0.0% | 2.3% | ||
| Q4 24 | 1.1% | 9.1% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | 0.1% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 28.39× | ||
| Q3 25 | 0.77× | 4.45× | ||
| Q2 25 | -0.61× | 0.97× | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | 10.28× | ||
| Q3 24 | 0.59× | 18.22× | ||
| Q2 24 | -0.24× | 4.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
