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Side-by-side financial comparison of AMERISAFE INC (AMSF) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $60.9M, roughly 1.3× TSS, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs 10.2%, a 9.8% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 10.3%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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.
AMSF vs TSSI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $60.9M |
| Net Profit | $8.1M | $12.2M |
| Gross Margin | — | 17.6% |
| Operating Margin | — | 1.5% |
| Net Margin | 10.2% | 20.0% |
| Revenue YoY | 10.3% | 21.8% |
| Net Profit YoY | -9.0% | 535.7% |
| EPS (diluted) | $0.43 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $82.0M | $41.9M | ||
| Q2 25 | $81.1M | $44.0M | ||
| Q1 25 | $72.6M | $99.0M | ||
| Q4 24 | $74.0M | $50.0M | ||
| Q3 24 | $78.7M | $70.1M | ||
| Q2 24 | $75.8M | $12.2M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $12.2M | ||
| Q3 25 | $13.8M | $-1.5M | ||
| Q2 25 | $14.0M | $1.5M | ||
| Q1 25 | $8.9M | $3.0M | ||
| Q4 24 | $13.2M | $1.9M | ||
| Q3 24 | $14.3M | $2.6M | ||
| Q2 24 | $11.0M | $1.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 37.3% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 1.5% | ||
| Q3 25 | 21.3% | -2.2% | ||
| Q2 25 | 21.5% | 5.1% | ||
| Q1 25 | 15.5% | 4.2% | ||
| Q4 24 | 22.7% | 0.0% | ||
| Q3 24 | 22.6% | 5.4% | ||
| Q2 24 | 18.1% | 14.0% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 20.0% | ||
| Q3 25 | 16.9% | -3.6% | ||
| Q2 25 | 17.2% | 3.4% | ||
| Q1 25 | 12.3% | 3.0% | ||
| Q4 24 | 17.8% | 3.8% | ||
| Q3 24 | 18.2% | 3.8% | ||
| Q2 24 | 14.5% | 11.5% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.44 | ||
| Q3 25 | $0.72 | $-0.06 | ||
| Q2 25 | $0.73 | $0.06 | ||
| Q1 25 | $0.47 | $0.12 | ||
| Q4 24 | $0.69 | $0.08 | ||
| Q3 24 | $0.75 | $0.10 | ||
| Q2 24 | $0.57 | $0.06 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $246.6M | $76.6M |
| Total Assets | — | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $85.5M | ||
| Q3 25 | $54.7M | $70.7M | ||
| Q2 25 | $48.5M | — | ||
| Q1 25 | $44.8M | — | ||
| Q4 24 | $44.1M | $23.2M | ||
| Q3 24 | $63.7M | $46.4M | ||
| Q2 24 | $30.6M | $8.3M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $76.6M | ||
| Q3 25 | $274.8M | $63.4M | ||
| Q2 25 | $265.6M | $9.5M | ||
| Q1 25 | $260.8M | $9.4M | ||
| Q4 24 | $257.3M | $7.1M | ||
| Q3 24 | $314.4M | $7.7M | ||
| Q2 24 | $301.0M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $184.9M | ||
| Q3 25 | $1.2B | $165.4M | ||
| Q2 25 | $1.2B | $139.5M | ||
| Q1 25 | $1.2B | $113.5M | ||
| Q4 24 | $1.2B | $96.6M | ||
| Q3 24 | $1.3B | $67.3M | ||
| Q2 24 | $1.2B | $28.9M |
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 | — | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $16.3M | ||
| Q3 25 | $10.7M | $-18.4M | ||
| Q2 25 | $-8.4M | $16.3M | ||
| Q1 25 | $-1.8M | $20.6M | ||
| Q4 24 | $24.2M | $-21.6M | ||
| Q3 24 | $8.4M | $38.6M | ||
| Q2 24 | $-2.6M | $-4.3M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $15.8M | ||
| Q3 25 | $9.8M | $-24.9M | ||
| Q2 25 | $-9.5M | $5.4M | ||
| Q1 25 | $-1.8M | $5.8M | ||
| Q4 24 | $23.4M | $-28.4M | ||
| Q3 24 | $8.4M | $38.6M | ||
| Q2 24 | $-2.6M | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 25.9% | ||
| Q3 25 | 11.9% | -59.3% | ||
| Q2 25 | -11.7% | 12.3% | ||
| Q1 25 | -2.5% | 5.8% | ||
| Q4 24 | 31.5% | -56.7% | ||
| Q3 24 | 10.7% | 55.1% | ||
| Q2 24 | -3.5% | -49.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 1.1% | 15.3% | ||
| Q2 25 | 1.3% | 24.8% | ||
| Q1 25 | 0.0% | 15.0% | ||
| Q4 24 | 1.1% | 13.4% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.1% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 1.34× | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | 11.02× | ||
| Q1 25 | -0.20× | 6.93× | ||
| Q4 24 | 1.83× | -11.32× | ||
| Q3 24 | 0.59× | 14.60× | ||
| Q2 24 | -0.24× | -3.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
