AMSF
AMERISAFE, Inc.
AMSF offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
GS
The Goldman Sachs Group, Inc.
GS has the edge over AMSF overall, supported by stronger fundamentals and stronger modeled upside.
AMSF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
AMSF's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like AMSF.
GS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
GS's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like GS.
AMSF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9x | $19.32 | — |
| Forward | 10x | $19.32 | — |
| Cheap | 12x | $26.07 | +35% |
| Fair | 15x | $31.51 | +63% |
| Expensive | 18x | $38.29 | +98% |
Historical ranges are pointers, not guarantees.
AMSF has the edge over GS in the historical PE scenario, which offers more potential upside but is not a forecast.
GS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $528 | -42% |
| Current | 13x | $914 | — |
| Forward | 13x | $914 | — |
| Fair | 14x | $940 | +2.9% |
| Expensive | 17x | $1,214 | +33% |
Historical ranges are pointers, not guarantees.
GS's PE is 13x, but its earnings don't support one, so it isn't a reliable read right now.
AMSF Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect AMSF's earnings and profitability to decline, with its revenue holding steady.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
GS has the edge over AMSF on the outlook, with more favorable valuation and earnings expectations.
AMSF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.87 | -13% |
| Q3 2026 | $2.15 | -18% |
| Q2 2026 | $2.48 | -6.1% |
| Q1 2026 | $2.43 | -2% |
| Q4 2025 | $2.47 | -15% |
| Q3 2025 | $2.61 | -18% |
| Q2 2025 | $2.64 | -11% |
| Q1 2025 | $2.48 | -23% |
| Q4 2024 | $2.89 | -11% |
AMSF's earnings per share have fallen from their peak: $2.15 over the past year, against $4.91 in early 2021.
GS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $72.35 | +4% |
| Q3 2026 | $69.58 | +41% |
| Q2 2026 | $64.82 | +43% |
| Q1 2026 | $54.75 | +27% |
| Q4 2025 | $51.32 | +27% |
| Q3 2025 | $49.22 | +44% |
| Q2 2025 | $45.37 | +45% |
| Q1 2025 | $43.08 | +68% |
| Q4 2024 | $40.54 | +77% |
GS has the edge over AMSF on earnings, with more consistent year-over-year improvement.
AMSF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $79.8M | -2.6% |
| Q2 2026 | $92M | +13% |
| Q1 2026 | $80.1M | +10% |
| Q4 2025 | $81.6M | +10% |
| Q3 2025 | $82M | +4.2% |
| Q2 2025 | $81.1M | +6.9% |
| Q1 2025 | $72.6M | -9.8% |
| Q4 2024 | $74M | -7.6% |
AMSF's revenue has picked up after four years of holding roughly level: $80M last quarter, down 2.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -10 points |
| Q2 2026 | 20% | -1.7 points |
| Q1 2026 | 13% | -2.8 points |
| Q4 2025 | 16% | -7.1 points |
| Q3 2025 | 21% | -1.3 points |
| Q2 2025 | 22% | +3.4 points |
| Q1 2025 | 15% | -10 points |
| Q4 2024 | 23% | -7.2 points |
AMSF's operating margin was 11% last quarter, down 10 points from the same quarter a year ago, near the bottom of its range since 2019.
GS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $18.7B | +23% |
| Q2 2026 | $20.3B | +39% |
| Q1 2026 | $17.2B | +14% |
| Q4 2025 | $13.5B | -3% |
| Q3 2025 | $15.2B | +20% |
| Q2 2025 | $14.6B | +15% |
| Q1 2025 | $15.1B | +6% |
| Q4 2024 | $13.9B | +23% |
GS has the edge over AMSF on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | +2 points |
| Q2 2026 | 42% | +8.1 points |
| Q1 2026 | 38% | +0.2 points |
| Q4 2025 | 44% | +5.6 points |
| Q3 2025 | 36% | +4.1 points |
| Q2 2025 | 34% | +3.2 points |
| Q1 2025 | 37% | +0.6 points |
| Q4 2024 | 38% | +18 points |
GS has the edge over AMSF on profitability, with a higher operating margin.
AMSF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.8M | -71% |
| Q2 2026 | $1.8M | +$11.3M |
| Q1 2026 | -$2.7M | -$930K |
| Q4 2025 | $10.5M | -3.4% |
| Q3 2025 | $9.8M | +16% |
| Q2 2025 | -$9.5M | -$6.9M |
| Q1 2025 | -$1.8M | -127% |
| Q4 2024 | $10.8M | +174% |
AMSF has the edge over GS on cash generation, producing positive trailing cash flow while its opponent burns cash.
GS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +72% |
| Q2 2026 | $5.6B | +7.8% |
| Q1 2026 | -$32.4B | +$5.3B |
| Q4 2025 | -$16.8B | -136% |
| Q3 2025 | $2.1B | +$40.6B |
| Q2 2025 | $5.2B | -6.8% |
| Q1 2025 | -$37.7B | -$9.2B |
| Q4 2024 | $46.2B | +$75.1B |
GS's free cash flow was −$40B over the past year, against $15.8B the year before. Free cash flow isn't a meaningful measure for financial services companies like GS.
AMSF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -62.3K shares |
| 1 year | -2.3% | -432K shares |
| 3 years | -3% | -584K shares |
| 5 years | -4% | -768K shares |
| Available history | -3.6% | -689K shares |
AMSF has 19M diluted shares, down 2.3% from a year ago.
GS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.8M shares |
| 1 year | -4.4% | -13.9M shares |
| 3 years | -12% | -42.8M shares |
| 5 years | -15% | -52.8M shares |
| Available history | -20% | -74.4M shares |
GS has the edge over AMSF on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4B |
| Q1 2026 | $5B |
| Q4 2025 | $3B |
| Q3 2025 | $2B |
| Q2 2025 | $3B |
| Q1 2025 | $4.4B |
| Q4 2024 | $2B |
GS spent $15B buying back its own shares over the past year, up 32% from the year before.
AMSF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
AMSF has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like AMSF.
GS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.4x | Net Cash |
| Q2 2026 | -6.1x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -3.5x | Net Cash |
| Q2 2025 | -3.1x | Net Cash |
| Q1 2025 | -3.9x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
GS has the edge over AMSF on leverage, with a lower net debt burden relative to earnings.
AMSF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.6 | Oversold |
| Stochastic | 1.7 | Oversold |
AMSF's weekly RSI is 25 (oversold) and its Stochastic is 2 (oversold).
GS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 16.3 | Oversold |
GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).
AMSF PE vs Financial Services Sector
| Metric | AMSF | Sector median | Relative |
|---|---|---|---|
| PE | 9x | 13x | 31% below |
| PE % | 0 | 63 | 63 pts below |
AMSF has the edge over GS on valuation relative to its sector.
GS PE vs Financial Services Sector
| Metric | GS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.8% above |
| PE % | 46 | 63 | 17 pts below |
GS is trading at 13x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.
AMSF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.9 | 15% below |
| 20 week MA | $26.5 | 27% below |
| 50 week MA | $31.3 | 38% below |
| 100 week MA | $38.9 | 50% below |
| 200 week MA | $44.7 | 57% below |
AMSF is in a downtrend: it's below all five of its weekly moving averages, and 57% below its 200-week average.
GS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $895.5 | 2% above |
| 20 week MA | $977.4 | 6.5% below |
| 50 week MA | $945.4 | 3.4% below |
| 100 week MA | $804.5 | 14% above |
| 200 week MA | $602.7 | 52% above |
GS has the edge over AMSF on trend strength, trading above more of its moving averages.
AMSF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.7 | $57.2 | -13% |
| 2021 | $57.2 | $51.6 | -9.8% |
| 2022 | $51.6 | $53.3 | +3.3% |
| 2023 | $53.3 | $46.8 | -12% |
| 2024 | $46.8 | $51.6 | +10% |
| 2025 | $51.6 | $38.5 | -25% |
| 2026 YTD | $38.5 | $19.3 | -50% |
AMSF has finished lower in four of the last six years. It's down 50% so far in 2026.
GS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $230.7 | $256.2 | +11% |
| 2021 | $256.2 | $385.0 | +50% |
| 2022 | $385.0 | $345.5 | -10% |
| 2023 | $345.5 | $385.8 | +12% |
| 2024 | $385.8 | $576.2 | +49% |
| 2025 | $576.2 | $907.0 | +57% |
| 2026 YTD | $907.0 | $913.6 | +0.7% |
GS has the edge over AMSF on returns for 2026, with the stronger performance.