15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.3% per year over the past 5 years.
Net income has grown slower than revenue (-11.5% vs -1.3% per year).
Free cash flow has declined 32.2% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 133.1% of earnings and 702.8% of free cash flow.
The dividend has declined 6.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$317M
$47M
0.0%
0.0%
$9M
—
$62M
2024
$309M
$55M
0.0%
0.0%
$23M
—
$44M
2023
$307M
$62M
0.0%
0.0%
$29M
—
$39M
2022
$295M
$56M
0.0%
0.0%
$26M
—
$61M
2021
$316M
$66M
0.0%
0.0%
$37M
—
$71M
2020
$339M
$87M
0.0%
0.0%
$62M
—
$62M
2019
$370M
$93M
0.0%
0.0%
$78M
—
$44M
2018
$378M
$72M
0.0%
0.0%
$97M
—
$40M
2017
$375M
$46M
0.0%
0.0%
$130M
—
$56M
2016
$397M
$78M
0.0%
0.0%
$113M
—
$59M
2015
$401M
$70M
0.0%
0.0%
—
—
$69M
2014
$404M
$54M
0.0%
0.0%
—
—
$91M
2013
$356M
$44M
0.0%
0.0%
—
—
$123M
2012
$321M
$29M
0.0%
0.0%
$80M
—
$93M
2011
$281M
$24M
0.0%
0.0%
$43M
—
$46M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$80M
$8M
0.0%
0.0%
-$3M
—
$34M
Dec '25
$82M
$10M
0.0%
0.0%
$10M
—
$62M
Sep '25
$82M
$14M
0.0%
0.0%
$10M
—
$55M
Jun '25
$81M
$14M
0.0%
0.0%
-$10M
—
$48M
Mar '25
$73M
$9M
0.0%
0.0%
-$2M
—
$45M
Dec '24
$74M
$13M
0.0%
0.0%
$11M
—
$44M
Sep '24
$79M
$14M
0.0%
0.0%
$8M
—
$64M
Jun '24
$76M
$11M
0.0%
0.0%
-$3M
—
$31M
Mar '24
$80M
$17M
0.0%
0.0%
$7M
—
$33M
Dec '23
$80M
$19M
0.0%
0.0%
$4M
—
$39M
Sep '23
$73M
$10M
0.0%
0.0%
$5M
—
$59M
Jun '23
$76M
$16M
0.0%
0.0%
$7M
—
$34M
Mar '23
$78M
$17M
0.0%
0.0%
$13M
—
$41M
Dec '22
$80M
$21M
0.0%
0.0%
-$8M
—
$61M
Sep '22
$71M
$11M
0.0%
0.0%
$10M
—
$91M
Jun '22
$68M
$6M
0.0%
0.0%
$17M
—
$85M
Mar '22
$76M
$17M
0.0%
0.0%
$7M
—
$31M
Dec '21
$78M
$4M
0.0%
0.0%
$8M
—
$71M
Sep '21
$73M
$19M
0.0%
0.0%
$3M
—
$123M
Jun '21
$81M
$24M
0.0%
0.0%
$9M
—
$58M
Valuation over time
How the market has priced AMSF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 16.5× (Mar '23) to 12.6× (Jun '26).
The price-to-sales ratio has fallen from 3.1× (Mar '23) to 1.9× (Jun '26).
The dividend yield has risen from 8.5% (Mar '23) to 10.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is AMSF growing its revenue and profit?
Over the past 5 years, AMERISAFE INC's revenue has declined 1.3% per year, and net income declined 11.5% per year. These are computed facts, not advice.
How much debt does AMSF have?
As of FY2025, AMERISAFE INC reported — of total debt against $62M of cash.
What is AMSF's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 14.8%.
What is AMSF's P/E ratio?
As of Jun '26, AMERISAFE INC traded at a price-to-earnings ratio of about 12.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.