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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $80.1M, roughly 1.2× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -7.0%, a 17.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 10.3%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
AMSF vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $100.0M |
| Net Profit | $8.1M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 10.2% | -7.0% |
| Revenue YoY | 10.3% | 14.5% |
| Net Profit YoY | -9.0% | 76.0% |
| EPS (diluted) | $0.43 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $82.0M | $161.9M | ||
| Q2 25 | $81.1M | $172.6M | ||
| Q1 25 | $72.6M | $111.4M | ||
| Q4 24 | $74.0M | $87.3M | ||
| Q3 24 | $78.7M | $150.5M | ||
| Q2 24 | $75.8M | $160.1M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-7.0M | ||
| Q3 25 | $13.8M | $8.1M | ||
| Q2 25 | $14.0M | $16.0M | ||
| Q1 25 | $8.9M | $-6.0M | ||
| Q4 24 | $13.2M | $-29.2M | ||
| Q3 24 | $14.3M | $5.9M | ||
| Q2 24 | $11.0M | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -10.7% | ||
| Q3 25 | 21.3% | 13.3% | ||
| Q2 25 | 21.5% | 14.3% | ||
| Q1 25 | 15.5% | -4.4% | ||
| Q4 24 | 22.7% | -14.9% | ||
| Q3 24 | 22.6% | 8.9% | ||
| Q2 24 | 18.1% | 12.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -7.0% | ||
| Q3 25 | 16.9% | 5.0% | ||
| Q2 25 | 17.2% | 9.3% | ||
| Q1 25 | 12.3% | -5.4% | ||
| Q4 24 | 17.8% | -33.4% | ||
| Q3 24 | 18.2% | 3.9% | ||
| Q2 24 | 14.5% | 8.3% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-0.06 | ||
| Q3 25 | $0.72 | $0.07 | ||
| Q2 25 | $0.73 | $0.13 | ||
| Q1 25 | $0.47 | $-0.05 | ||
| Q4 24 | $0.69 | $-0.24 | ||
| Q3 24 | $0.75 | $0.05 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $246.6M | $405.9M |
| Total Assets | — | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | — | ||
| Q3 25 | $54.7M | — | ||
| Q2 25 | $48.5M | — | ||
| Q1 25 | $44.8M | — | ||
| Q4 24 | $44.1M | — | ||
| Q3 24 | $63.7M | — | ||
| Q2 24 | $30.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $405.9M | ||
| Q3 25 | $274.8M | $408.4M | ||
| Q2 25 | $265.6M | $398.4M | ||
| Q1 25 | $260.8M | $381.1M | ||
| Q4 24 | $257.3M | $387.2M | ||
| Q3 24 | $314.4M | $416.6M | ||
| Q2 24 | $301.0M | $408.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $823.2M | ||
| Q3 25 | $1.2B | $844.4M | ||
| Q2 25 | $1.2B | $822.1M | ||
| Q1 25 | $1.2B | $824.6M | ||
| Q4 24 | $1.2B | $794.2M | ||
| Q3 24 | $1.3B | $853.4M | ||
| Q2 24 | $1.2B | $830.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $23.3M | ||
| Q3 25 | $10.7M | $51.0M | ||
| Q2 25 | $-8.4M | $36.0M | ||
| Q1 25 | $-1.8M | $-46.9M | ||
| Q4 24 | $24.2M | $6.2M | ||
| Q3 24 | $8.4M | $37.2M | ||
| Q2 24 | $-2.6M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $14.1M | ||
| Q3 25 | $9.8M | $45.2M | ||
| Q2 25 | $-9.5M | $29.1M | ||
| Q1 25 | $-1.8M | $-50.3M | ||
| Q4 24 | $23.4M | $-98.0K | ||
| Q3 24 | $8.4M | $33.2M | ||
| Q2 24 | $-2.6M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 14.1% | ||
| Q3 25 | 11.9% | 27.9% | ||
| Q2 25 | -11.7% | 16.8% | ||
| Q1 25 | -2.5% | -45.2% | ||
| Q4 24 | 31.5% | -0.1% | ||
| Q3 24 | 10.7% | 22.1% | ||
| Q2 24 | -3.5% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 9.2% | ||
| Q3 25 | 1.1% | 3.6% | ||
| Q2 25 | 1.3% | 4.0% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 1.1% | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 0.77× | 6.29× | ||
| Q2 25 | -0.61× | 2.25× | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 0.59× | 6.32× | ||
| Q2 24 | -0.24× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
