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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and FULL HOUSE RESORTS INC (FLL). Click either name above to swap in a different company.

Ategrity Specialty Insurance Co Holdings is the larger business by last-quarter revenue ($116.1M vs $75.4M, roughly 1.5× FULL HOUSE RESORTS INC). Ategrity Specialty Insurance Co Holdings runs the higher net margin — 19.5% vs -16.4%, a 35.9% gap on every dollar of revenue.

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

ASIC vs FLL — Head-to-Head

Bigger by revenue
ASIC
ASIC
1.5× larger
ASIC
$116.1M
$75.4M
FLL
Higher net margin
ASIC
ASIC
35.9% more per $
ASIC
19.5%
-16.4%
FLL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASIC
ASIC
FLL
FLL
Revenue
$116.1M
$75.4M
Net Profit
$22.7M
$-12.4M
Gross Margin
93.1%
Operating Margin
25.6%
-1.3%
Net Margin
19.5%
-16.4%
Revenue YoY
3.4%
Net Profit YoY
-0.6%
EPS (diluted)
$0.45
$-0.35

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
ASIC
ASIC
FLL
FLL
Q4 25
$75.4M
Q3 25
$116.1M
$78.0M
Q2 25
$101.8M
$73.9M
Q1 25
$75.1M
Q4 24
$73.0M
Q3 24
$75.7M
Q2 24
$73.5M
Q1 24
$69.9M
Net Profit
ASIC
ASIC
FLL
FLL
Q4 25
$-12.4M
Q3 25
$22.7M
$-7.7M
Q2 25
$17.6M
$-10.4M
Q1 25
$-9.8M
Q4 24
$-12.3M
Q3 24
$-8.5M
Q2 24
$-8.6M
Q1 24
$-11.3M
Gross Margin
ASIC
ASIC
FLL
FLL
Q4 25
93.1%
Q3 25
93.2%
Q2 25
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
92.4%
Q1 24
92.3%
Operating Margin
ASIC
ASIC
FLL
FLL
Q4 25
-1.3%
Q3 25
25.6%
4.4%
Q2 25
21.9%
-0.1%
Q1 25
1.0%
Q4 24
-1.9%
Q3 24
3.2%
Q2 24
3.2%
Q1 24
-0.9%
Net Margin
ASIC
ASIC
FLL
FLL
Q4 25
-16.4%
Q3 25
19.5%
-9.8%
Q2 25
17.3%
-14.0%
Q1 25
-13.0%
Q4 24
-16.9%
Q3 24
-11.2%
Q2 24
-11.7%
Q1 24
-16.1%
EPS (diluted)
ASIC
ASIC
FLL
FLL
Q4 25
$-0.35
Q3 25
$0.45
$-0.21
Q2 25
$0.39
$-0.29
Q1 25
$-0.27
Q4 24
$-0.34
Q3 24
$-0.24
Q2 24
$-0.25
Q1 24
$-0.33

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
FLL
FLL
Cash + ST InvestmentsLiquidity on hand
$34.3M
$40.7M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$588.6M
$2.5M
Total Assets
$1.4B
$649.8M
Debt / EquityLower = less leverage
186.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
FLL
FLL
Q4 25
$40.7M
Q3 25
$34.3M
$30.9M
Q2 25
$23.5M
$32.1M
Q1 25
$30.7M
Q4 24
$40.2M
Q3 24
$25.9M
Q2 24
$31.1M
Q1 24
$25.7M
Total Debt
ASIC
ASIC
FLL
FLL
Q4 25
$473.6M
Q3 25
$473.1M
Q2 25
$467.5M
Q1 25
$471.7M
Q4 24
$468.1M
Q3 24
$467.4M
Q2 24
$466.6M
Q1 24
$465.9M
Stockholders' Equity
ASIC
ASIC
FLL
FLL
Q4 25
$2.5M
Q3 25
$588.6M
$14.2M
Q2 25
$559.7M
$21.2M
Q1 25
$31.0M
Q4 24
$40.5M
Q3 24
$51.8M
Q2 24
$59.5M
Q1 24
$67.3M
Total Assets
ASIC
ASIC
FLL
FLL
Q4 25
$649.8M
Q3 25
$1.4B
$644.4M
Q2 25
$1.4B
$651.5M
Q1 25
$657.2M
Q4 24
$673.3M
Q3 24
$668.7M
Q2 24
$673.9M
Q1 24
$670.4M
Debt / Equity
ASIC
ASIC
FLL
FLL
Q4 25
186.62×
Q3 25
33.30×
Q2 25
22.04×
Q1 25
15.22×
Q4 24
11.56×
Q3 24
9.02×
Q2 24
7.85×
Q1 24
6.92×

Cash Flow & Capital Efficiency

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

Metric
ASIC
ASIC
FLL
FLL
Operating Cash FlowLast quarter
$41.1M
$12.0M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
FLL
FLL
Q4 25
$12.0M
Q3 25
$41.1M
$-472.0K
Q2 25
$50.8M
$7.9M
Q1 25
$-9.5M
Q4 24
$14.8M
Q3 24
$-6.7M
Q2 24
$10.1M
Q1 24
$-4.4M
Free Cash Flow
ASIC
ASIC
FLL
FLL
Q4 25
$10.7M
Q3 25
$-5.5M
Q2 25
$4.5M
Q1 25
$-12.3M
Q4 24
$6.9M
Q3 24
$-17.4M
Q2 24
$-1.2M
Q1 24
$-27.0M
FCF Margin
ASIC
ASIC
FLL
FLL
Q4 25
14.1%
Q3 25
-7.1%
Q2 25
6.1%
Q1 25
-16.4%
Q4 24
9.4%
Q3 24
-23.0%
Q2 24
-1.6%
Q1 24
-38.7%
Capex Intensity
ASIC
ASIC
FLL
FLL
Q4 25
1.8%
Q3 25
6.5%
Q2 25
4.5%
Q1 25
3.8%
Q4 24
10.9%
Q3 24
14.1%
Q2 24
15.4%
Q1 24
32.4%
Cash Conversion
ASIC
ASIC
FLL
FLL
Q4 25
Q3 25
1.81×
Q2 25
2.88×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASIC
ASIC

Segment breakdown not available.

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

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