Ames Natl Financials
This page shows Ames Natl (ATLO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ames Natl's revenue grew 11.2% year-over-year to $82.6M, a solid pace of expansion. This earns a growth score of 61/100.
Ames Natl carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Ames Natl converts 17.0% of revenue into free cash flow ($14.0M). This strong cash generation earns a score of 85/100.
Ames Natl generates a 5.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 6.5% the prior year.
Ames Natl passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ames Natl generates $1.40 in operating cash flow ($14.3M OCF vs $10.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Ames Natl generated $82.6M in revenue in fiscal year 2024. This represents an increase of 11.2% from the prior year.
Ames Natl generated $14.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 2.2% from the prior year.
Ames Natl reported $10.2M in net income in fiscal year 2024. This represents a decrease of 5.5% from the prior year.
Ames Natl held $101.2M in cash against $20.0M in long-term debt as of fiscal year 2024.
Ames Natl paid $0.94 per share in dividends in fiscal year 2024. This represents a decrease of 13.0% from the prior year.
Ames Natl had 9M shares outstanding in fiscal year 2024. This represents a decrease of 0.5% from the prior year.
Ames Natl's net profit margin was 12.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.2 percentage points from the prior year.
Ames Natl's ROE was 5.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.
Ames Natl spent $704K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Ames Natl invested $298K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 93.9% from the prior year.
ATLO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.9M+1.7% | $21.5M+1.7% | $21.1M-0.6% | $21.2M+2.6% | $20.7M+0.9% | $20.5M+2.1% | $20.1M+1.3% | $19.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $7.8M-2.7% | $8.0M-2.2% | $8.2M-10.1% | $9.1M-5.3% | $9.6M-0.3% | $9.7M+5.0% | $9.2M+3.5% | $8.9M |
| Income Tax | $1.2M+2.8% | $1.1M+41.7% | $794K-3.8% | $825K+107.8% | $397K+3.1% | $385K-7.5% | $416K+22.4% | $340K |
| Net Income | $4.6M+1.1% | $4.5M+31.0% | $3.4M-2.0% | $3.5M+58.5% | $2.2M+1.5% | $2.2M-5.2% | $2.3M+7.7% | $2.1M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ATLO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B+0.7% | $2.1B-4.2% | $2.2B+2.4% | $2.1B+0.5% | $2.1B-0.1% | $2.1B-3.0% | $2.2B+1.7% | $2.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $108.2M+13.6% | $95.2M-41.7% | $163.4M+61.4% | $101.2M+71.7% | $59.0M-7.1% | $63.4M-43.1% | $111.4M+102.2% | $55.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $12.4M0.0% | $12.4M0.0% | $12.4M0.0% | $12.4M0.0% | $12.4M0.0% | $12.4M0.0% | $12.4M0.0% | $12.4M |
| Total Liabilities | $1.9B+0.4% | $1.9B-5.1% | $2.0B+2.2% | $2.0B+1.0% | $1.9B-1.0% | $2.0B-3.3% | $2.0B+1.8% | $2.0B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $13.0M-35.0% | $20.0M0.0% | $20.0M+0.2% | $20.0M-0.2% | $20.0M0.0% | $20.0M0.0% | $20.0M+473.4% | $3.5M |
| Total Equity | $200.6M+3.9% | $193.0M+5.4% | $183.1M+4.8% | $174.7M-4.7% | $183.4M+9.8% | $167.1M+0.9% | $165.5M-0.1% | $165.8M |
| Retained Earnings | $191.2M+1.5% | $188.4M+2.5% | $183.9M+0.9% | $182.2M+1.0% | $180.5M+0.2% | $180.1M-0.1% | $180.3M-0.1% | $180.4M |
ATLO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.8M-31.4% | $4.0M-43.6% | $7.1M+19.8% | $5.9M+91.7% | $3.1M-20.4% | $3.9M+184.5% | $1.4M-78.6% | $6.4M |
| Capital Expenditures | $101K-12.2% | $115K-41.0% | $195K+191.0% | $67K0.0% | $67K-33.0% | $100K+56.3% | $64K-93.9% | $1.1M |
| Free Cash Flow | $2.6M-32.0% | $3.9M-43.7% | $6.9M+17.9% | $5.9M+93.7% | $3.0M-20.0% | $3.8M+190.8% | $1.3M-75.6% | $5.3M |
| Investing Cash Flow | $5.1M-81.8% | $27.9M+80.5% | $15.5M-24.0% | $20.4M+35.8% | $15.0M-18.2% | $18.3M-0.1% | $18.3M+192.7% | -$19.8M |
| Financing Cash Flow | $5.1M+105.1% | -$100.1M-352.9% | $39.6M+147.9% | $16.0M+170.8% | -$22.6M+67.9% | -$70.2M-291.7% | $36.6M+269.6% | -$21.6M |
| Dividends Paid | $1.8M-0.1% | $1.8M-0.1% | $1.8M-0.9% | $1.8M-25.9% | $2.4M0.0% | $2.4M0.0% | $2.4M0.0% | $2.4M |
| Share Buybacks | $122K-56.3% | $279K-49.3% | $550K-21.9% | $704K | $0 | $0 | $0 | $0 |
ATLO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 20.9%-0.1pp | 21.0%+4.7pp | 16.3%-0.2pp | 16.5%+5.8pp | 10.7%+0.1pp | 10.6%-0.8pp | 11.5%+0.7pp | 10.8% |
| Return on Equity | 2.3%-0.1pp | 2.3%+0.5pp | 1.9%-0.1pp | 2.0%+0.8pp | 1.2%-0.1pp | 1.3%-0.1pp | 1.4%+0.1pp | 1.3% |
| Return on Assets | 0.2%0.0pp | 0.2%+0.1pp | 0.2%0.0pp | 0.2%+0.1pp | 0.1%0.0pp | 0.1%-0.0pp | 0.1%+0.0pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 9.51-0.3 | 9.84-1.1 | 10.93+10.8 | 0.11-10.5 | 10.58-1.2 | 11.73-0.5 | 12.24+12.2 | 0.02 |
| FCF Margin | 12.1%-6.0pp | 18.1%-14.6pp | 32.8%+5.1pp | 27.6%+13.0pp | 14.6%-3.8pp | 18.5%+12.0pp | 6.5%-20.4pp | 26.9% |
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Frequently Asked Questions
What is Ames Natl's annual revenue?
Ames Natl (ATLO) reported $82.6M in total revenue for fiscal year 2024. This represents a 11.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ames Natl's revenue growing?
Ames Natl (ATLO) revenue grew by 11.2% year-over-year, from $74.3M to $82.6M in fiscal year 2024.
Is Ames Natl profitable?
Yes, Ames Natl (ATLO) reported a net income of $10.2M in fiscal year 2024, with a net profit margin of 12.4%.
How much debt does Ames Natl have?
As of fiscal year 2024, Ames Natl (ATLO) had $101.2M in cash and equivalents against $20.0M in long-term debt.
What is Ames Natl's net profit margin?
Ames Natl (ATLO) had a net profit margin of 12.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Ames Natl pay dividends?
Yes, Ames Natl (ATLO) paid $0.94 per share in dividends during fiscal year 2024.
What is Ames Natl's return on equity (ROE)?
Ames Natl (ATLO) has a return on equity of 5.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Ames Natl's free cash flow?
Ames Natl (ATLO) generated $14.0M in free cash flow during fiscal year 2024. This represents a -2.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ames Natl's operating cash flow?
Ames Natl (ATLO) generated $14.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ames Natl's total assets?
Ames Natl (ATLO) had $2.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ames Natl's capital expenditures?
Ames Natl (ATLO) invested $298K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Ames Natl buy back shares?
Yes, Ames Natl (ATLO) spent $704K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Ames Natl have outstanding?
Ames Natl (ATLO) had 9M shares outstanding as of fiscal year 2024.
What is Ames Natl's debt-to-equity ratio?
Ames Natl (ATLO) had a debt-to-equity ratio of 0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ames Natl's return on assets (ROA)?
Ames Natl (ATLO) had a return on assets of 0.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ames Natl's Piotroski F-Score?
Ames Natl (ATLO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ames Natl's earnings high quality?
Ames Natl (ATLO) has an earnings quality ratio of 1.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Ames Natl?
Ames Natl (ATLO) scores 67 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.