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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $73.5M, roughly 1.1× Target Hospitality Corp.). AMERISAFE INC runs the higher net margin — 10.2% vs -20.3%, a 30.5% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 10.3%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AMSF vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $73.5M |
| Net Profit | $8.1M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 10.2% | -20.3% |
| Revenue YoY | 10.3% | 22.0% |
| Net Profit YoY | -9.0% | -219.1% |
| EPS (diluted) | $0.43 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $82.0M | $91.6M | ||
| Q2 25 | $81.1M | $54.9M | ||
| Q1 25 | $72.6M | $54.9M | ||
| Q4 24 | $74.0M | $60.2M | ||
| Q3 24 | $78.7M | $65.8M | ||
| Q2 24 | $75.8M | $67.5M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-14.9M | ||
| Q3 25 | $13.8M | $-795.0K | ||
| Q2 25 | $14.0M | $-14.9M | ||
| Q1 25 | $8.9M | $-6.5M | ||
| Q4 24 | $13.2M | $12.5M | ||
| Q3 24 | $14.3M | $20.0M | ||
| Q2 24 | $11.0M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -22.9% | ||
| Q3 25 | 21.3% | 0.1% | ||
| Q2 25 | 21.5% | -30.8% | ||
| Q1 25 | 15.5% | -2.0% | ||
| Q4 24 | 22.7% | 34.5% | ||
| Q3 24 | 22.6% | 42.5% | ||
| Q2 24 | 18.1% | 43.8% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -20.3% | ||
| Q3 25 | 16.9% | -0.9% | ||
| Q2 25 | 17.2% | -27.2% | ||
| Q1 25 | 12.3% | -11.8% | ||
| Q4 24 | 17.8% | 20.8% | ||
| Q3 24 | 18.2% | 30.4% | ||
| Q2 24 | 14.5% | 27.2% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-0.14 | ||
| Q3 25 | $0.72 | $-0.01 | ||
| Q2 25 | $0.73 | $-0.15 | ||
| Q1 25 | $0.47 | $-0.07 | ||
| Q4 24 | $0.69 | $0.12 | ||
| Q3 24 | $0.75 | $0.20 | ||
| Q2 24 | $0.57 | $0.18 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $246.6M | $389.3M |
| Total Assets | — | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $8.3M | ||
| Q3 25 | $54.7M | $30.4M | ||
| Q2 25 | $48.5M | $19.2M | ||
| Q1 25 | $44.8M | $34.5M | ||
| Q4 24 | $44.1M | $190.7M | ||
| Q3 24 | $63.7M | $177.7M | ||
| Q2 24 | $30.6M | $154.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $389.3M | ||
| Q3 25 | $274.8M | $402.4M | ||
| Q2 25 | $265.6M | $401.3M | ||
| Q1 25 | $260.8M | $415.3M | ||
| Q4 24 | $257.3M | $421.1M | ||
| Q3 24 | $314.4M | $417.6M | ||
| Q2 24 | $301.0M | $397.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $530.2M | ||
| Q3 25 | $1.2B | $541.2M | ||
| Q2 25 | $1.2B | $533.7M | ||
| Q1 25 | $1.2B | $562.5M | ||
| Q4 24 | $1.2B | $725.8M | ||
| Q3 24 | $1.3B | $709.8M | ||
| Q2 24 | $1.2B | $697.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — | $5.7M |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $5.7M | ||
| Q3 25 | $10.7M | $53.4M | ||
| Q2 25 | $-8.4M | $11.1M | ||
| Q1 25 | $-1.8M | $3.9M | ||
| Q4 24 | $24.2M | $30.6M | ||
| Q3 24 | $8.4M | $31.4M | ||
| Q2 24 | $-2.6M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | — | ||
| Q3 25 | $9.8M | — | ||
| Q2 25 | $-9.5M | — | ||
| Q1 25 | $-1.8M | $-11.6M | ||
| Q4 24 | $23.4M | — | ||
| Q3 24 | $8.4M | — | ||
| Q2 24 | $-2.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | -11.7% | — | ||
| Q1 25 | -2.5% | -21.1% | ||
| Q4 24 | 31.5% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | -3.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.0% | 28.2% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | 2.44× | ||
| Q3 24 | 0.59× | 1.57× | ||
| Q2 24 | -0.24× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
