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

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $57.3M, roughly 1.4× RHYTHM PHARMACEUTICALS, INC.). AMERISAFE INC runs the higher net margin — 10.2% vs -83.0%, a 93.1% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 10.3%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

AMSF vs RYTM — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.4× larger
AMSF
$80.1M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+26.5% gap
RYTM
36.9%
10.3%
AMSF
Higher net margin
AMSF
AMSF
93.1% more per $
AMSF
10.2%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
RYTM
RYTM
Revenue
$80.1M
$57.3M
Net Profit
$8.1M
$-47.5M
Gross Margin
91.6%
Operating Margin
-82.2%
Net Margin
10.2%
-83.0%
Revenue YoY
10.3%
36.9%
Net Profit YoY
-9.0%
-9.6%
EPS (diluted)
$0.43
$-0.73

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
RYTM
RYTM
Q1 26
$80.1M
Q4 25
$81.6M
$57.3M
Q3 25
$82.0M
$51.3M
Q2 25
$81.1M
$48.5M
Q1 25
$72.6M
$32.7M
Q4 24
$74.0M
$41.8M
Q3 24
$78.7M
$33.3M
Q2 24
$75.8M
$29.1M
Net Profit
AMSF
AMSF
RYTM
RYTM
Q1 26
$8.1M
Q4 25
$10.4M
$-47.5M
Q3 25
$13.8M
$-52.9M
Q2 25
$14.0M
$-46.6M
Q1 25
$8.9M
$-49.5M
Q4 24
$13.2M
$-43.3M
Q3 24
$14.3M
$-43.6M
Q2 24
$11.0M
$-32.3M
Gross Margin
AMSF
AMSF
RYTM
RYTM
Q1 26
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Operating Margin
AMSF
AMSF
RYTM
RYTM
Q1 26
Q4 25
15.6%
-82.2%
Q3 25
21.3%
-102.6%
Q2 25
21.5%
-93.4%
Q1 25
15.5%
-143.7%
Q4 24
22.7%
-98.6%
Q3 24
22.6%
-132.0%
Q2 24
18.1%
-139.2%
Net Margin
AMSF
AMSF
RYTM
RYTM
Q1 26
10.2%
Q4 25
12.8%
-83.0%
Q3 25
16.9%
-103.1%
Q2 25
17.2%
-96.1%
Q1 25
12.3%
-151.4%
Q4 24
17.8%
-103.6%
Q3 24
18.2%
-131.2%
Q2 24
14.5%
-110.9%
EPS (diluted)
AMSF
AMSF
RYTM
RYTM
Q1 26
$0.43
Q4 25
$0.55
$-0.73
Q3 25
$0.72
$-0.82
Q2 25
$0.73
$-0.75
Q1 25
$0.47
$-0.81
Q4 24
$0.69
$-0.71
Q3 24
$0.75
$-0.73
Q2 24
$0.57
$-0.55

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$34.2M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.6M
$139.1M
Total Assets
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
RYTM
RYTM
Q1 26
$34.2M
Q4 25
$61.9M
$388.9M
Q3 25
$54.7M
$416.1M
Q2 25
$48.5M
$291.0M
Q1 25
$44.8M
$314.5M
Q4 24
$44.1M
$320.6M
Q3 24
$63.7M
$298.4M
Q2 24
$30.6M
$319.1M
Stockholders' Equity
AMSF
AMSF
RYTM
RYTM
Q1 26
$246.6M
Q4 25
$251.6M
$139.1M
Q3 25
$274.8M
$148.8M
Q2 25
$265.6M
$-11.9M
Q1 25
$260.8M
$18.9M
Q4 24
$257.3M
$21.7M
Q3 24
$314.4M
$11.2M
Q2 24
$301.0M
$39.3M
Total Assets
AMSF
AMSF
RYTM
RYTM
Q1 26
Q4 25
$1.1B
$480.2M
Q3 25
$1.2B
$506.9M
Q2 25
$1.2B
$372.7M
Q1 25
$1.2B
$386.7M
Q4 24
$1.2B
$392.3M
Q3 24
$1.3B
$363.6M
Q2 24
$1.2B
$381.8M

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
RYTM
RYTM
Operating Cash FlowLast quarter
$-25.4M
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
RYTM
RYTM
Q1 26
Q4 25
$11.1M
$-25.4M
Q3 25
$10.7M
$-26.6M
Q2 25
$-8.4M
$-23.3M
Q1 25
$-1.8M
$-40.4M
Q4 24
$24.2M
$-18.8M
Q3 24
$8.4M
$-25.2M
Q2 24
$-2.6M
$-29.1M
Free Cash Flow
AMSF
AMSF
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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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