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AMERISAFE INC（AMSF）与Applied Digital Corp.（APLD）财务数据对比。点击上方公司名可切换其他公司
Applied Digital Corp.的季度营收约是AMERISAFE INC的1.6倍（$126.6M vs $80.1M），AMERISAFE INC净利率更高（10.2% vs -11.4%，领先21.6%），Applied Digital Corp.同比增速更快（98.2% vs 10.3%），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 2.8%）
AMERISAFE Inc.是一家专业工伤保险服务商，核心经营市场为美国，覆盖本土49个州，主要为建筑、伐木、货运、制造等高风险行业的中小企业提供定制化工伤险产品及配套风险管理解决方案。
BAE系统旗下的国际防务与安全技术企业，专注于提供数字化解决方案，支持客户快速开展数据驱动决策，服务覆盖执法机构、国家安全部门、政府单位、关键基础设施运营商、电信企业、军方及航天领域。
AMSF vs APLD — 直观对比
营收规模更大
APLD
是对方的1.6倍
$80.1M
营收增速更快
APLD
高出87.9%
10.3%
净利率更高
AMSF
高出21.6%
-11.4%
两年增速更快
APLD
近两年复合增速
2.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $80.1M | $126.6M |
| 净利润 | $8.1M | $-14.4M |
| 毛利率 | — | 20.6% |
| 营业利润率 | — | -24.5% |
| 净利率 | 10.2% | -11.4% |
| 营收同比 | 10.3% | 98.2% |
| 净利润同比 | -9.0% | 89.6% |
| 每股收益（稀释后） | $0.43 | $-0.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMSFAPLD
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $126.6M | ||
| Q3 25 | $82.0M | $64.2M | ||
| Q2 25 | $81.1M | $-33.3M | ||
| Q1 25 | $72.6M | $52.9M | ||
| Q4 24 | $74.0M | $63.9M | ||
| Q3 24 | $78.7M | $60.7M | ||
| Q2 24 | $75.8M | $43.7M |
净利润AMSFAPLD
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-14.4M | ||
| Q3 25 | $13.8M | $-16.9M | ||
| Q2 25 | $14.0M | $-52.5M | ||
| Q1 25 | $8.9M | $-35.6M | ||
| Q4 24 | $13.2M | $-138.7M | ||
| Q3 24 | $14.3M | $-4.2M | ||
| Q2 24 | $11.0M | $-64.5M |
毛利率AMSFAPLD
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 7.1% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | -9.1% |
营业利润率AMSFAPLD
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -24.5% | ||
| Q3 25 | 21.3% | -34.7% | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 15.5% | -35.8% | ||
| Q4 24 | 22.7% | -29.1% | ||
| Q3 24 | 22.6% | 15.6% | ||
| Q2 24 | 18.1% | -68.4% |
净利率AMSFAPLD
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -11.4% | ||
| Q3 25 | 16.9% | -26.4% | ||
| Q2 25 | 17.2% | 157.8% | ||
| Q1 25 | 12.3% | -67.2% | ||
| Q4 24 | 17.8% | -217.2% | ||
| Q3 24 | 18.2% | -7.0% | ||
| Q2 24 | 14.5% | -147.5% |
每股收益（稀释后）AMSFAPLD
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-0.07 | ||
| Q3 25 | $0.72 | $-0.07 | ||
| Q2 25 | $0.73 | $-0.31 | ||
| Q1 25 | $0.47 | $-0.16 | ||
| Q4 24 | $0.69 | $-0.66 | ||
| Q3 24 | $0.75 | $-0.03 | ||
| Q2 24 | $0.57 | $-0.57 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $34.2M | $1.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $246.6M | $1.4B |
| 总资产 | — | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMSFAPLD
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $1.9B | ||
| Q3 25 | $54.7M | $73.9M | ||
| Q2 25 | $48.5M | $41.6M | ||
| Q1 25 | $44.8M | $68.7M | ||
| Q4 24 | $44.1M | $286.2M | ||
| Q3 24 | $63.7M | $58.2M | ||
| Q2 24 | $30.6M | $3.3M |
股东权益AMSFAPLD
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $1.4B | ||
| Q3 25 | $274.8M | $1.0B | ||
| Q2 25 | $265.6M | $497.7M | ||
| Q1 25 | $260.8M | $454.6M | ||
| Q4 24 | $257.3M | $434.6M | ||
| Q3 24 | $314.4M | $241.8M | ||
| Q2 24 | $301.0M | $124.8M |
总资产AMSFAPLD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.3B | $937.7M | ||
| Q2 24 | $1.2B | $762.9M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-15.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-567.9M |
| 自由现金流率自由现金流/营收 | — | -448.6% |
| 资本支出强度资本支出/营收 | — | 436.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.3B |
8季度趋势，按日历期对齐
经营现金流AMSFAPLD
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $-15.8M | ||
| Q3 25 | $10.7M | $-82.0M | ||
| Q2 25 | $-8.4M | $6.9M | ||
| Q1 25 | $-1.8M | $5.9M | ||
| Q4 24 | $24.2M | $-52.3M | ||
| Q3 24 | $8.4M | $-75.9M | ||
| Q2 24 | $-2.6M | $-34.1M |
自由现金流AMSFAPLD
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $-567.9M | ||
| Q3 25 | $9.8M | $-331.4M | ||
| Q2 25 | $-9.5M | $-191.4M | ||
| Q1 25 | $-1.8M | $-251.6M | ||
| Q4 24 | $23.4M | $-223.3M | ||
| Q3 24 | $8.4M | $-130.7M | ||
| Q2 24 | $-2.6M | $-88.9M |
自由现金流率AMSFAPLD
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | -448.6% | ||
| Q3 25 | 11.9% | -516.1% | ||
| Q2 25 | -11.7% | 574.8% | ||
| Q1 25 | -2.5% | -475.4% | ||
| Q4 24 | 31.5% | -349.6% | ||
| Q3 24 | 10.7% | -215.3% | ||
| Q2 24 | -3.5% | -203.5% |
资本支出强度AMSFAPLD
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 436.1% | ||
| Q3 25 | 1.1% | 388.4% | ||
| Q2 25 | 1.3% | -595.4% | ||
| Q1 25 | 0.0% | 486.6% | ||
| Q4 24 | 1.1% | 267.8% | ||
| Q3 24 | 0.0% | 90.3% | ||
| Q2 24 | 0.1% | 125.4% |
现金转化率AMSFAPLD
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMSF
暂无分部数据
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
