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Side-by-side financial comparison of AMERISAFE INC (AMSF) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $76.2M, roughly 1.1× VIEMED HEALTHCARE, INC.). AMERISAFE INC runs the higher net margin — 10.2% vs 7.4%, a 2.8% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 10.3%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

AMSF vs VMD — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.1× larger
AMSF
$80.1M
$76.2M
VMD
Growing faster (revenue YoY)
VMD
VMD
+15.2% gap
VMD
25.5%
10.3%
AMSF
Higher net margin
AMSF
AMSF
2.8% more per $
AMSF
10.2%
7.4%
VMD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
2.8%
AMSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
VMD
VMD
Revenue
$80.1M
$76.2M
Net Profit
$8.1M
$5.6M
Gross Margin
57.9%
Operating Margin
11.0%
Net Margin
10.2%
7.4%
Revenue YoY
10.3%
25.5%
Net Profit YoY
-9.0%
30.7%
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.

Revenue
AMSF
AMSF
VMD
VMD
Q1 26
$80.1M
Q4 25
$81.6M
$76.2M
Q3 25
$82.0M
$71.9M
Q2 25
$81.1M
$63.1M
Q1 25
$72.6M
$59.1M
Q4 24
$74.0M
$60.7M
Q3 24
$78.7M
$58.0M
Q2 24
$75.8M
$55.0M
Net Profit
AMSF
AMSF
VMD
VMD
Q1 26
$8.1M
Q4 25
$10.4M
$5.6M
Q3 25
$13.8M
$3.5M
Q2 25
$14.0M
$3.2M
Q1 25
$8.9M
$2.6M
Q4 24
$13.2M
$4.3M
Q3 24
$14.3M
$3.9M
Q2 24
$11.0M
$1.5M
Gross Margin
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
57.9%
Q3 25
57.5%
Q2 25
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Operating Margin
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
15.6%
11.0%
Q3 25
21.3%
7.8%
Q2 25
21.5%
8.1%
Q1 25
15.5%
6.5%
Q4 24
22.7%
10.6%
Q3 24
22.6%
9.7%
Q2 24
18.1%
6.6%
Net Margin
AMSF
AMSF
VMD
VMD
Q1 26
10.2%
Q4 25
12.8%
7.4%
Q3 25
16.9%
4.9%
Q2 25
17.2%
5.0%
Q1 25
12.3%
4.4%
Q4 24
17.8%
7.1%
Q3 24
18.2%
6.7%
Q2 24
14.5%
2.7%
EPS (diluted)
AMSF
AMSF
VMD
VMD
Q1 26
$0.43
Q4 25
$0.55
$0.14
Q3 25
$0.72
$0.09
Q2 25
$0.73
$0.08
Q1 25
$0.47
$0.06
Q4 24
$0.69
$0.10
Q3 24
$0.75
$0.10
Q2 24
$0.57
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMSF
AMSF
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$34.2M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.6M
$141.5M
Total Assets
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
VMD
VMD
Q1 26
$34.2M
Q4 25
$61.9M
$13.5M
Q3 25
$54.7M
$11.1M
Q2 25
$48.5M
$20.0M
Q1 25
$44.8M
$10.2M
Q4 24
$44.1M
$17.5M
Q3 24
$63.7M
$11.3M
Q2 24
$30.6M
$8.8M
Stockholders' Equity
AMSF
AMSF
VMD
VMD
Q1 26
$246.6M
Q4 25
$251.6M
$141.5M
Q3 25
$274.8M
$133.6M
Q2 25
$265.6M
$139.7M
Q1 25
$260.8M
$134.8M
Q4 24
$257.3M
$131.4M
Q3 24
$314.4M
$125.0M
Q2 24
$301.0M
$119.4M
Total Assets
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
$1.1B
$199.2M
Q3 25
$1.2B
$202.4M
Q2 25
$1.2B
$184.6M
Q1 25
$1.2B
$178.1M
Q4 24
$1.2B
$177.1M
Q3 24
$1.3B
$169.5M
Q2 24
$1.2B
$163.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMSF
AMSF
VMD
VMD
Operating Cash FlowLast quarter
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
$11.1M
$18.4M
Q3 25
$10.7M
$18.4M
Q2 25
$-8.4M
$12.3M
Q1 25
$-1.8M
$2.9M
Q4 24
$24.2M
$15.0M
Q3 24
$8.4M
$12.7M
Q2 24
$-2.6M
$10.2M
Free Cash Flow
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
$8.9M
$9.7M
Q3 25
$9.8M
$10.7M
Q2 25
$-9.5M
$4.1M
Q1 25
$-1.8M
$-12.6M
Q4 24
$23.4M
$3.2M
Q3 24
$8.4M
$1.7M
Q2 24
$-2.6M
$1.2M
FCF Margin
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
10.9%
12.7%
Q3 25
11.9%
14.9%
Q2 25
-11.7%
6.5%
Q1 25
-2.5%
-21.4%
Q4 24
31.5%
5.2%
Q3 24
10.7%
3.0%
Q2 24
-3.5%
2.3%
Capex Intensity
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
2.6%
11.5%
Q3 25
1.1%
10.6%
Q2 25
1.3%
12.9%
Q1 25
0.0%
26.2%
Q4 24
1.1%
19.5%
Q3 24
0.0%
19.0%
Q2 24
0.1%
16.3%
Cash Conversion
AMSF
AMSF
VMD
VMD
Q1 26
Q4 25
1.06×
3.27×
Q3 25
0.77×
5.23×
Q2 25
-0.61×
3.88×
Q1 25
-0.20×
1.09×
Q4 24
1.83×
3.47×
Q3 24
0.59×
3.29×
Q2 24
-0.24×
6.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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