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Side-by-side financial comparison of AMERISAFE INC (AMSF) and W&T OFFSHORE INC (WTI). Click either name above to swap in a different company.

W&T OFFSHORE INC is the larger business by last-quarter revenue ($121.7M vs $80.1M, roughly 1.5× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -22.3%, a 32.5% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs 1.1%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% CAGR vs -7.0%).

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.

Edison Chouest Offshore (ECO), which started as Edison Chouest Boat Rentals in 1960, is a family of companies in the marine transportation business based in Cut Off, Louisiana. ECO owns and operates a fleet of platform supply vessels, Subsea Construction / IMR vessels, a Riserless Light Well Intervention vessel, Anchor handling tug supply vessels, Oil Spill Response Vessels, and Well Stimulation Vessels, as well as an independently owned fleet of Research Vessels and Ice Breakers.

AMSF vs WTI — Head-to-Head

Bigger by revenue
WTI
WTI
1.5× larger
WTI
$121.7M
$80.1M
AMSF
Growing faster (revenue YoY)
AMSF
AMSF
+9.2% gap
AMSF
10.3%
1.1%
WTI
Higher net margin
AMSF
AMSF
32.5% more per $
AMSF
10.2%
-22.3%
WTI
Faster 2-yr revenue CAGR
AMSF
AMSF
Annualised
AMSF
2.8%
-7.0%
WTI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMSF
AMSF
WTI
WTI
Revenue
$80.1M
$121.7M
Net Profit
$8.1M
$-27.1M
Gross Margin
Operating Margin
-15.7%
Net Margin
10.2%
-22.3%
Revenue YoY
10.3%
1.1%
Net Profit YoY
-9.0%
-16.1%
EPS (diluted)
$0.43
$-0.18

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
WTI
WTI
Q1 26
$80.1M
Q4 25
$81.6M
$121.7M
Q3 25
$82.0M
$127.5M
Q2 25
$81.1M
$122.4M
Q1 25
$72.6M
$129.9M
Q4 24
$74.0M
$120.3M
Q3 24
$78.7M
$121.4M
Q2 24
$75.8M
$142.8M
Net Profit
AMSF
AMSF
WTI
WTI
Q1 26
$8.1M
Q4 25
$10.4M
$-27.1M
Q3 25
$13.8M
$-71.5M
Q2 25
$14.0M
$-20.9M
Q1 25
$8.9M
$-30.6M
Q4 24
$13.2M
$-23.4M
Q3 24
$14.3M
$-36.9M
Q2 24
$11.0M
$-15.4M
Operating Margin
AMSF
AMSF
WTI
WTI
Q1 26
Q4 25
15.6%
-15.7%
Q3 25
21.3%
-9.9%
Q2 25
21.5%
-10.5%
Q1 25
15.5%
-6.3%
Q4 24
22.7%
-14.1%
Q3 24
22.6%
-15.6%
Q2 24
18.1%
-4.4%
Net Margin
AMSF
AMSF
WTI
WTI
Q1 26
10.2%
Q4 25
12.8%
-22.3%
Q3 25
16.9%
-56.1%
Q2 25
17.2%
-17.1%
Q1 25
12.3%
-23.5%
Q4 24
17.8%
-19.4%
Q3 24
18.2%
-30.4%
Q2 24
14.5%
-10.8%
EPS (diluted)
AMSF
AMSF
WTI
WTI
Q1 26
$0.43
Q4 25
$0.55
$-0.18
Q3 25
$0.72
$-0.48
Q2 25
$0.73
$-0.14
Q1 25
$0.47
$-0.21
Q4 24
$0.69
$-0.16
Q3 24
$0.75
$-0.25
Q2 24
$0.57
$-0.10

Balance Sheet & Financial Strength

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

Metric
AMSF
AMSF
WTI
WTI
Cash + ST InvestmentsLiquidity on hand
$34.2M
$140.6M
Total DebtLower is stronger
$350.8M
Stockholders' EquityBook value
$246.6M
$-199.8M
Total Assets
$955.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSF
AMSF
WTI
WTI
Q1 26
$34.2M
Q4 25
$61.9M
$140.6M
Q3 25
$54.7M
$124.8M
Q2 25
$48.5M
$120.7M
Q1 25
$44.8M
$105.9M
Q4 24
$44.1M
$109.0M
Q3 24
$63.7M
$126.5M
Q2 24
$30.6M
$123.4M
Total Debt
AMSF
AMSF
WTI
WTI
Q1 26
Q4 25
$350.8M
Q3 25
$350.4M
Q2 25
$350.1M
Q1 25
$350.0M
Q4 24
$393.2M
Q3 24
$392.6M
Q2 24
$391.9M
Stockholders' Equity
AMSF
AMSF
WTI
WTI
Q1 26
$246.6M
Q4 25
$251.6M
$-199.8M
Q3 25
$274.8M
$-172.5M
Q2 25
$265.6M
$-102.7M
Q1 25
$260.8M
$-82.8M
Q4 24
$257.3M
$-52.6M
Q3 24
$314.4M
$-31.5M
Q2 24
$301.0M
$5.0M
Total Assets
AMSF
AMSF
WTI
WTI
Q1 26
Q4 25
$1.1B
$955.8M
Q3 25
$1.2B
$960.6M
Q2 25
$1.2B
$1.0B
Q1 25
$1.2B
$1.0B
Q4 24
$1.2B
$1.1B
Q3 24
$1.3B
$1.1B
Q2 24
$1.2B
$1.1B
Debt / Equity
AMSF
AMSF
WTI
WTI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
78.30×

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
WTI
WTI
Operating Cash FlowLast quarter
$25.9M
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
WTI
WTI
Q1 26
Q4 25
$11.1M
$25.9M
Q3 25
$10.7M
$26.5M
Q2 25
$-8.4M
$28.0M
Q1 25
$-1.8M
$-3.2M
Q4 24
$24.2M
$-4.3M
Q3 24
$8.4M
$14.8M
Q2 24
$-2.6M
$37.4M
Free Cash Flow
AMSF
AMSF
WTI
WTI
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
WTI
WTI
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
WTI
WTI
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
WTI
WTI
Q1 26
Q4 25
1.06×
Q3 25
0.77×
Q2 25
-0.61×
Q1 25
-0.20×
Q4 24
1.83×
Q3 24
0.59×
Q2 24
-0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMSF
AMSF

Segment breakdown not available.

WTI
WTI

Oil And Condensate$76.0M62%
Natural Gas Production$36.6M30%
Natural Gas Liquids Reserves$6.9M6%
Other$2.2M2%

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