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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.

AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $58.6M, roughly 1.4× Vitesse Energy, Inc.). AMERISAFE INC runs the higher net margin — 10.2% vs -1.3%, a 11.4% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs 4.8%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -2.1%).

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.

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

AMSF vs VTS — Head-to-Head

Bigger by revenue
AMSF
AMSF
1.4× larger
AMSF
$80.1M
$58.6M
VTS
Growing faster (revenue YoY)
AMSF
AMSF
+5.5% gap
AMSF
10.3%
4.8%
VTS
Higher net margin
AMSF
AMSF
11.4% more per $
AMSF
10.2%
-1.3%
VTS
Faster 2-yr revenue CAGR
AMSF
AMSF
Annualised
AMSF
2.8%
-2.1%
VTS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
VTS
VTS
Revenue
$80.1M
$58.6M
Net Profit
$8.1M
$-739.0K
Gross Margin
Operating Margin
-12.0%
Net Margin
10.2%
-1.3%
Revenue YoY
10.3%
4.8%
Net Profit YoY
-9.0%
85.6%
EPS (diluted)
$0.43
$-0.01

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
VTS
VTS
Q1 26
$80.1M
Q4 25
$81.6M
$58.6M
Q3 25
$82.0M
$67.4M
Q2 25
$81.1M
$81.8M
Q1 25
$72.6M
$66.2M
Q4 24
$74.0M
$55.9M
Q3 24
$78.7M
$58.3M
Q2 24
$75.8M
$66.6M
Net Profit
AMSF
AMSF
VTS
VTS
Q1 26
$8.1M
Q4 25
$10.4M
$-739.0K
Q3 25
$13.8M
$-1.3M
Q2 25
$14.0M
$24.7M
Q1 25
$8.9M
$2.7M
Q4 24
$13.2M
$-5.1M
Q3 24
$14.3M
$17.4M
Q2 24
$11.0M
$10.9M
Operating Margin
AMSF
AMSF
VTS
VTS
Q1 26
Q4 25
15.6%
-12.0%
Q3 25
21.3%
0.2%
Q2 25
21.5%
22.8%
Q1 25
15.5%
8.1%
Q4 24
22.7%
3.7%
Q3 24
22.6%
15.4%
Q2 24
18.1%
25.2%
Net Margin
AMSF
AMSF
VTS
VTS
Q1 26
10.2%
Q4 25
12.8%
-1.3%
Q3 25
16.9%
-1.9%
Q2 25
17.2%
30.2%
Q1 25
12.3%
4.0%
Q4 24
17.8%
-9.2%
Q3 24
18.2%
29.9%
Q2 24
14.5%
16.4%
EPS (diluted)
AMSF
AMSF
VTS
VTS
Q1 26
$0.43
Q4 25
$0.55
$-0.01
Q3 25
$0.72
$-0.03
Q2 25
$0.73
$0.60
Q1 25
$0.47
$0.08
Q4 24
$0.69
$-0.15
Q3 24
$0.75
$0.53
Q2 24
$0.57
$0.33

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$34.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.6M
$629.3M
Total Assets
$893.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
VTS
VTS
Q1 26
$34.2M
Q4 25
$61.9M
Q3 25
$54.7M
Q2 25
$48.5M
Q1 25
$44.8M
$4.5M
Q4 24
$44.1M
$3.0M
Q3 24
$63.7M
Q2 24
$30.6M
Stockholders' Equity
AMSF
AMSF
VTS
VTS
Q1 26
$246.6M
Q4 25
$251.6M
$629.3M
Q3 25
$274.8M
$650.3M
Q2 25
$265.6M
$671.9M
Q1 25
$260.8M
$667.7M
Q4 24
$257.3M
$500.3M
Q3 24
$314.4M
$520.4M
Q2 24
$301.0M
$518.5M
Total Assets
AMSF
AMSF
VTS
VTS
Q1 26
Q4 25
$1.1B
$893.4M
Q3 25
$1.2B
$932.9M
Q2 25
$1.2B
$951.5M
Q1 25
$1.2B
$975.2M
Q4 24
$1.2B
$810.9M
Q3 24
$1.3B
$791.2M
Q2 24
$1.2B
$778.4M

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
VTS
VTS
Operating Cash FlowLast quarter
$37.4M
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.

Operating Cash Flow
AMSF
AMSF
VTS
VTS
Q1 26
Q4 25
$11.1M
$37.4M
Q3 25
$10.7M
$49.4M
Q2 25
$-8.4M
$66.0M
Q1 25
$-1.8M
$17.5M
Q4 24
$24.2M
$34.7M
Q3 24
$8.4M
$45.7M
Q2 24
$-2.6M
$35.2M
Free Cash Flow
AMSF
AMSF
VTS
VTS
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
FCF Margin
AMSF
AMSF
VTS
VTS
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%
Capex Intensity
AMSF
AMSF
VTS
VTS
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%
Cash Conversion
AMSF
AMSF
VTS
VTS
Q1 26
Q4 25
1.06×
Q3 25
0.77×
Q2 25
-0.61×
2.68×
Q1 25
-0.20×
6.56×
Q4 24
1.83×
Q3 24
0.59×
2.62×
Q2 24
-0.24×
3.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMSF
AMSF

Segment breakdown not available.

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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