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Side-by-side financial comparison of AMERISAFE INC (AMSF) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $80.1M, roughly 1.6× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 1.5%, a 8.6% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -3.9%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
AMSF vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $124.7M |
| Net Profit | $8.1M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | — | 3.3% |
| Net Margin | 10.2% | 1.5% |
| Revenue YoY | 10.3% | -3.9% |
| Net Profit YoY | -9.0% | -53.6% |
| EPS (diluted) | $0.43 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $82.0M | $85.1M | ||
| Q2 25 | $81.1M | $140.8M | ||
| Q1 25 | $72.6M | $115.9M | ||
| Q4 24 | $74.0M | $129.7M | ||
| Q3 24 | $78.7M | $88.3M | ||
| Q2 24 | $75.8M | $159.1M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $1.9M | ||
| Q3 25 | $13.8M | $-3.4M | ||
| Q2 25 | $14.0M | $8.6M | ||
| Q1 25 | $8.9M | $2.1M | ||
| Q4 24 | $13.2M | $4.5M | ||
| Q3 24 | $14.3M | $-1.9M | ||
| Q2 24 | $11.0M | $27.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 3.3% | ||
| Q3 25 | 21.3% | -3.5% | ||
| Q2 25 | 21.5% | 9.3% | ||
| Q1 25 | 15.5% | 4.1% | ||
| Q4 24 | 22.7% | 5.8% | ||
| Q3 24 | 22.6% | -1.7% | ||
| Q2 24 | 18.1% | 17.4% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 1.5% | ||
| Q3 25 | 16.9% | -4.0% | ||
| Q2 25 | 17.2% | 6.1% | ||
| Q1 25 | 12.3% | 1.8% | ||
| Q4 24 | 17.8% | 3.5% | ||
| Q3 24 | 18.2% | -2.1% | ||
| Q2 24 | 14.5% | 17.5% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.04 | ||
| Q3 25 | $0.72 | $-0.08 | ||
| Q2 25 | $0.73 | $0.19 | ||
| Q1 25 | $0.47 | $0.05 | ||
| Q4 24 | $0.69 | $0.10 | ||
| Q3 24 | $0.75 | $-0.04 | ||
| Q2 24 | $0.57 | $0.60 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $246.6M | $363.2M |
| Total Assets | — | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $22.4M | ||
| Q3 25 | $54.7M | $18.0M | ||
| Q2 25 | $48.5M | $25.2M | ||
| Q1 25 | $44.8M | $26.7M | ||
| Q4 24 | $44.1M | $39.1M | ||
| Q3 24 | $63.7M | $35.5M | ||
| Q2 24 | $30.6M | $60.8M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $363.2M | ||
| Q3 25 | $274.8M | $364.4M | ||
| Q2 25 | $265.6M | $372.5M | ||
| Q1 25 | $260.8M | $366.9M | ||
| Q4 24 | $257.3M | $371.5M | ||
| Q3 24 | $314.4M | $380.0M | ||
| Q2 24 | $301.0M | $399.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $548.6M | ||
| Q3 25 | $1.2B | $554.6M | ||
| Q2 25 | $1.2B | $559.6M | ||
| Q1 25 | $1.2B | $578.9M | ||
| Q4 24 | $1.2B | $587.4M | ||
| Q3 24 | $1.3B | $571.3M | ||
| Q2 24 | $1.2B | $577.4M |
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 | — | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $27.3M | ||
| Q3 25 | $10.7M | $-8.1M | ||
| Q2 25 | $-8.4M | $40.8M | ||
| Q1 25 | $-1.8M | $-9.8M | ||
| Q4 24 | $24.2M | $-7.4M | ||
| Q3 24 | $8.4M | $-30.8M | ||
| Q2 24 | $-2.6M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $16.3M | ||
| Q3 25 | $9.8M | $-12.4M | ||
| Q2 25 | $-9.5M | $33.5M | ||
| Q1 25 | $-1.8M | $-16.1M | ||
| Q4 24 | $23.4M | $-10.7M | ||
| Q3 24 | $8.4M | $-35.5M | ||
| Q2 24 | $-2.6M | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 13.1% | ||
| Q3 25 | 11.9% | -14.6% | ||
| Q2 25 | -11.7% | 23.8% | ||
| Q1 25 | -2.5% | -13.9% | ||
| Q4 24 | 31.5% | -8.3% | ||
| Q3 24 | 10.7% | -40.2% | ||
| Q2 24 | -3.5% | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 8.8% | ||
| Q3 25 | 1.1% | 5.0% | ||
| Q2 25 | 1.3% | 5.2% | ||
| Q1 25 | 0.0% | 5.4% | ||
| Q4 24 | 1.1% | 2.5% | ||
| Q3 24 | 0.0% | 5.3% | ||
| Q2 24 | 0.1% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 14.22× | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | 4.73× | ||
| Q1 25 | -0.20× | -4.68× | ||
| Q4 24 | 1.83× | -1.63× | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | -0.24× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
