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Side-by-side financial comparison of AMERISAFE INC (AMSF) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $80.1M, roughly 1.1× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -5.9%, a 16.0% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs 7.2%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
AMSF vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $91.6M |
| Net Profit | $8.1M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | — | -1.0% |
| Net Margin | 10.2% | -5.9% |
| Revenue YoY | 10.3% | 7.2% |
| Net Profit YoY | -9.0% | -95.8% |
| EPS (diluted) | $0.43 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $82.0M | $89.8M | ||
| Q2 25 | $81.1M | $88.6M | ||
| Q1 25 | $72.6M | $87.9M | ||
| Q4 24 | $74.0M | $85.4M | ||
| Q3 24 | $78.7M | $87.6M | ||
| Q2 24 | $75.8M | $85.8M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-5.4M | ||
| Q3 25 | $13.8M | $-9.4M | ||
| Q2 25 | $14.0M | $-9.0M | ||
| Q1 25 | $8.9M | $-9.1M | ||
| Q4 24 | $13.2M | $-2.7M | ||
| Q3 24 | $14.3M | $-5.3M | ||
| Q2 24 | $11.0M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -1.0% | ||
| Q3 25 | 21.3% | -8.0% | ||
| Q2 25 | 21.5% | -10.3% | ||
| Q1 25 | 15.5% | -6.9% | ||
| Q4 24 | 22.7% | -6.7% | ||
| Q3 24 | 22.6% | -4.8% | ||
| Q2 24 | 18.1% | -18.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -5.9% | ||
| Q3 25 | 16.9% | -10.5% | ||
| Q2 25 | 17.2% | -10.2% | ||
| Q1 25 | 12.3% | -10.4% | ||
| Q4 24 | 17.8% | -3.2% | ||
| Q3 24 | 18.2% | -6.0% | ||
| Q2 24 | 14.5% | -15.0% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-0.13 | ||
| Q3 25 | $0.72 | $-0.20 | ||
| Q2 25 | $0.73 | $-0.19 | ||
| Q1 25 | $0.47 | $-0.19 | ||
| Q4 24 | $0.69 | $-0.34 | ||
| Q3 24 | $0.75 | $-0.13 | ||
| Q2 24 | $0.57 | $-0.24 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $246.6M | $880.8M |
| Total Assets | — | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $27.3M | ||
| Q3 25 | $54.7M | $22.6M | ||
| Q2 25 | $48.5M | $29.1M | ||
| Q1 25 | $44.8M | $87.5M | ||
| Q4 24 | $44.1M | $46.3M | ||
| Q3 24 | $63.7M | $43.1M | ||
| Q2 24 | $30.6M | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $880.8M | ||
| Q3 25 | $274.8M | $892.7M | ||
| Q2 25 | $265.6M | $902.0M | ||
| Q1 25 | $260.8M | $910.5M | ||
| Q4 24 | $257.3M | $918.6M | ||
| Q3 24 | $314.4M | $925.4M | ||
| Q2 24 | $301.0M | $933.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× |
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 | — | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $28.8M | ||
| Q3 25 | $10.7M | $30.7M | ||
| Q2 25 | $-8.4M | $20.9M | ||
| Q1 25 | $-1.8M | $20.5M | ||
| Q4 24 | $24.2M | $20.6M | ||
| Q3 24 | $8.4M | $24.3M | ||
| Q2 24 | $-2.6M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $-78.6M | ||
| Q3 25 | $9.8M | $-51.4M | ||
| Q2 25 | $-9.5M | $-65.3M | ||
| Q1 25 | $-1.8M | $-62.7M | ||
| Q4 24 | $23.4M | $-72.0M | ||
| Q3 24 | $8.4M | $-51.3M | ||
| Q2 24 | $-2.6M | $-78.3M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | -85.8% | ||
| Q3 25 | 11.9% | -57.2% | ||
| Q2 25 | -11.7% | -73.7% | ||
| Q1 25 | -2.5% | -71.3% | ||
| Q4 24 | 31.5% | -84.3% | ||
| Q3 24 | 10.7% | -58.5% | ||
| Q2 24 | -3.5% | -91.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 117.2% | ||
| Q3 25 | 1.1% | 91.4% | ||
| Q2 25 | 1.3% | 97.3% | ||
| Q1 25 | 0.0% | 94.7% | ||
| Q4 24 | 1.1% | 108.4% | ||
| Q3 24 | 0.0% | 86.2% | ||
| Q2 24 | 0.1% | 94.2% |
| 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.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
