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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and AbCellera Biologics Inc. (ABCL). Click either name above to swap in a different company.

ATLANTIC AMERICAN CORP is the larger business by last-quarter revenue ($53.8M vs $44.9M, roughly 1.2× AbCellera Biologics Inc.). ATLANTIC AMERICAN CORP runs the higher net margin — 1.1% vs -19.9%, a 21.0% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 20.8%). ATLANTIC AMERICAN CORP produced more free cash flow last quarter ($6.6M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 7.2%).

The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.

AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.

AAME vs ABCL — Head-to-Head

Bigger by revenue
AAME
AAME
1.2× larger
AAME
$53.8M
$44.9M
ABCL
Growing faster (revenue YoY)
ABCL
ABCL
+767.6% gap
ABCL
788.4%
20.8%
AAME
Higher net margin
AAME
AAME
21.0% more per $
AAME
1.1%
-19.9%
ABCL
More free cash flow
AAME
AAME
$51.2M more FCF
AAME
$6.6M
$-44.6M
ABCL
Faster 2-yr revenue CAGR
ABCL
ABCL
Annualised
ABCL
112.3%
7.2%
AAME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AAME
AAME
ABCL
ABCL
Revenue
$53.8M
$44.9M
Net Profit
$577.0K
$-8.9M
Gross Margin
Operating Margin
1.4%
-63.7%
Net Margin
1.1%
-19.9%
Revenue YoY
20.8%
788.4%
Net Profit YoY
128.9%
73.9%
EPS (diluted)
$0.02
$-0.03

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
AAME
AAME
ABCL
ABCL
Q4 25
$44.9M
Q3 25
$53.8M
$9.0M
Q2 25
$55.3M
$17.1M
Q1 25
$50.1M
$4.2M
Q4 24
$49.0M
$5.0M
Q3 24
$44.5M
$6.5M
Q2 24
$47.7M
$7.3M
Q1 24
$47.0M
$10.0M
Net Profit
AAME
AAME
ABCL
ABCL
Q4 25
$-8.9M
Q3 25
$577.0K
$-57.1M
Q2 25
$3.3M
$-34.7M
Q1 25
$802.0K
$-45.6M
Q4 24
$412.0K
Q3 24
$-2.0M
$-51.1M
Q2 24
$-684.0K
$-36.9M
Q1 24
$-2.0M
$-40.6M
Operating Margin
AAME
AAME
ABCL
ABCL
Q4 25
-63.7%
Q3 25
1.4%
-851.8%
Q2 25
7.6%
-290.2%
Q1 25
2.1%
-1479.6%
Q4 24
1.1%
Q3 24
-5.5%
-1439.4%
Q2 24
-1.8%
-1276.2%
Q1 24
-5.3%
-551.5%
Net Margin
AAME
AAME
ABCL
ABCL
Q4 25
-19.9%
Q3 25
1.1%
-637.8%
Q2 25
6.0%
-203.3%
Q1 25
1.6%
-1077.2%
Q4 24
0.8%
Q3 24
-4.5%
-785.4%
Q2 24
-1.4%
-504.3%
Q1 24
-4.3%
-408.0%
EPS (diluted)
AAME
AAME
ABCL
ABCL
Q4 25
$-0.03
Q3 25
$0.02
$-0.19
Q2 25
$0.15
$-0.12
Q1 25
$0.03
$-0.15
Q4 24
$0.01
Q3 24
$-0.10
$-0.17
Q2 24
$-0.04
$-0.13
Q1 24
$-0.10
$-0.14

Balance Sheet & Financial Strength

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

Metric
AAME
AAME
ABCL
ABCL
Cash + ST InvestmentsLiquidity on hand
$34.4M
$128.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$109.5M
$966.9M
Total Assets
$430.9M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
ABCL
ABCL
Q4 25
$128.5M
Q3 25
$34.4M
$83.2M
Q2 25
$46.4M
$92.4M
Q1 25
$35.9M
$159.3M
Q4 24
$35.6M
$156.3M
Q3 24
$23.0M
$126.6M
Q2 24
$21.2M
$148.3M
Q1 24
$21.2M
$123.6M
Stockholders' Equity
AAME
AAME
ABCL
ABCL
Q4 25
$966.9M
Q3 25
$109.5M
$964.0M
Q2 25
$106.2M
$1.0B
Q1 25
$102.4M
$1.0B
Q4 24
$99.6M
$1.1B
Q3 24
$105.8M
$1.1B
Q2 24
$100.7M
$1.1B
Q1 24
$102.8M
$1.1B
Total Assets
AAME
AAME
ABCL
ABCL
Q4 25
$1.4B
Q3 25
$430.9M
$1.4B
Q2 25
$429.3M
$1.4B
Q1 25
$388.4M
$1.3B
Q4 24
$393.4M
$1.4B
Q3 24
$387.0M
$1.4B
Q2 24
$386.0M
$1.4B
Q1 24
$365.8M
$1.5B

Cash Flow & Capital Efficiency

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

Metric
AAME
AAME
ABCL
ABCL
Operating Cash FlowLast quarter
$6.6M
$-34.7M
Free Cash FlowOCF − Capex
$6.6M
$-44.6M
FCF MarginFCF / Revenue
12.3%
-99.4%
Capex IntensityCapex / Revenue
0.1%
21.9%
Cash ConversionOCF / Net Profit
11.51×
TTM Free Cash FlowTrailing 4 quarters
$19.3M
$-174.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
ABCL
ABCL
Q4 25
$-34.7M
Q3 25
$6.6M
$-52.6M
Q2 25
$9.3M
$-32.4M
Q1 25
$-722.0K
$-11.6M
Q4 24
$4.8M
$-108.6M
Q3 24
$90.0K
$-28.9M
Q2 24
$416.0K
$-30.0M
Q1 24
$-5.3M
$-41.7M
Free Cash Flow
AAME
AAME
ABCL
ABCL
Q4 25
$-44.6M
Q3 25
$6.6M
$-61.5M
Q2 25
$9.1M
$-45.8M
Q1 25
$-986.0K
$-22.2M
Q4 24
$4.6M
$-187.0M
Q3 24
$58.0K
$-47.4M
Q2 24
$361.0K
$-50.1M
Q1 24
$-5.4M
$-65.8M
FCF Margin
AAME
AAME
ABCL
ABCL
Q4 25
-99.4%
Q3 25
12.3%
-687.0%
Q2 25
16.5%
-267.9%
Q1 25
-2.0%
-524.0%
Q4 24
9.3%
-3702.8%
Q3 24
0.1%
-728.4%
Q2 24
0.8%
-683.8%
Q1 24
-11.4%
-661.5%
Capex Intensity
AAME
AAME
ABCL
ABCL
Q4 25
21.9%
Q3 25
0.1%
99.7%
Q2 25
0.3%
78.2%
Q1 25
0.5%
251.1%
Q4 24
0.5%
1552.7%
Q3 24
0.1%
284.6%
Q2 24
0.1%
274.6%
Q1 24
0.1%
242.5%
Cash Conversion
AAME
AAME
ABCL
ABCL
Q4 25
Q3 25
11.51×
Q2 25
2.80×
Q1 25
-0.90×
Q4 24
11.65×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AAME
AAME

Bankers Fidelity$30.0M56%
American Southern$23.7M44%

ABCL
ABCL

Segment breakdown not available.

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