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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $80.1M, roughly 1.7× AMERISAFE INC). Terreno Realty Corp runs the higher net margin — 115.1% vs 10.2%, a 104.9% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 10.3%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% 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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
AMSF vs TRNO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $137.5M |
| Net Profit | $8.1M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 10.2% | 115.1% |
| Revenue YoY | 10.3% | 32.6% |
| Net Profit YoY | -9.0% | 107.9% |
| EPS (diluted) | $0.43 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $82.0M | $116.2M | ||
| Q2 25 | $81.1M | $112.2M | ||
| Q1 25 | $72.6M | $110.4M | ||
| Q4 24 | $74.0M | $103.7M | ||
| Q3 24 | $78.7M | $99.6M | ||
| Q2 24 | $75.8M | $94.2M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $158.2M | ||
| Q3 25 | $13.8M | $103.4M | ||
| Q2 25 | $14.0M | $93.3M | ||
| Q1 25 | $8.9M | $48.1M | ||
| Q4 24 | $13.2M | $76.1M | ||
| Q3 24 | $14.3M | $36.6M | ||
| Q2 24 | $11.0M | $35.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | — | ||
| Q3 25 | 21.3% | — | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 18.1% | — |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 115.1% | ||
| Q3 25 | 16.9% | 88.9% | ||
| Q2 25 | 17.2% | 83.1% | ||
| Q1 25 | 12.3% | 43.6% | ||
| Q4 24 | 17.8% | 73.4% | ||
| Q3 24 | 18.2% | 36.8% | ||
| Q2 24 | 14.5% | 37.9% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $1.54 | ||
| Q3 25 | $0.72 | $1.00 | ||
| Q2 25 | $0.73 | $0.90 | ||
| Q1 25 | $0.47 | $0.47 | ||
| Q4 24 | $0.69 | $0.78 | ||
| Q3 24 | $0.75 | $0.37 | ||
| Q2 24 | $0.57 | $0.37 |
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 | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $246.6M | $4.1B |
| Total Assets | — | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $25.0M | ||
| Q3 25 | $54.7M | $26.2M | ||
| Q2 25 | $48.5M | $128.4M | ||
| Q1 25 | $44.8M | $156.5M | ||
| Q4 24 | $44.1M | $18.1M | ||
| Q3 24 | $63.7M | $243.7M | ||
| Q2 24 | $30.6M | $182.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $4.1B | ||
| Q3 25 | $274.8M | $4.0B | ||
| Q2 25 | $265.6M | $3.9B | ||
| Q1 25 | $260.8M | $3.9B | ||
| Q4 24 | $257.3M | $3.7B | ||
| Q3 24 | $314.4M | $3.6B | ||
| Q2 24 | $301.0M | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $5.4B | ||
| Q3 25 | $1.2B | $5.3B | ||
| Q2 25 | $1.2B | $5.0B | ||
| Q1 25 | $1.2B | $4.9B | ||
| Q4 24 | $1.2B | $4.8B | ||
| Q3 24 | $1.3B | $4.6B | ||
| Q2 24 | $1.2B | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× |
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 | — | $271.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $271.9M | ||
| Q3 25 | $10.7M | $79.5M | ||
| Q2 25 | $-8.4M | $60.6M | ||
| Q1 25 | $-1.8M | $61.4M | ||
| Q4 24 | $24.2M | $232.7M | ||
| Q3 24 | $8.4M | $70.0M | ||
| Q2 24 | $-2.6M | $64.3M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 1.72× | ||
| Q3 25 | 0.77× | 0.77× | ||
| Q2 25 | -0.61× | 0.65× | ||
| Q1 25 | -0.20× | 1.28× | ||
| Q4 24 | 1.83× | 3.06× | ||
| Q3 24 | 0.59× | 1.91× | ||
| Q2 24 | -0.24× | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
