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

ATLANTIC AMERICAN CORP is the larger business by last-quarter revenue ($53.8M vs $43.6M, roughly 1.2× GRAIL, Inc.). ATLANTIC AMERICAN CORP runs the higher net margin — 1.1% vs -227.5%, a 228.6% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs 14.0%). ATLANTIC AMERICAN CORP produced more free cash flow last quarter ($6.6M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% 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.

GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.

AAME vs GRAL — Head-to-Head

Bigger by revenue
AAME
AAME
1.2× larger
AAME
$53.8M
$43.6M
GRAL
Growing faster (revenue YoY)
AAME
AAME
+6.8% gap
AAME
20.8%
14.0%
GRAL
Higher net margin
AAME
AAME
228.6% more per $
AAME
1.1%
-227.5%
GRAL
More free cash flow
AAME
AAME
$70.5M more FCF
AAME
$6.6M
$-63.9M
GRAL
Faster 2-yr revenue CAGR
GRAL
GRAL
Annualised
GRAL
27.7%
7.2%
AAME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AAME
AAME
GRAL
GRAL
Revenue
$53.8M
$43.6M
Net Profit
$577.0K
$-99.2M
Gross Margin
Operating Margin
1.4%
-285.4%
Net Margin
1.1%
-227.5%
Revenue YoY
20.8%
14.0%
Net Profit YoY
128.9%
-2.2%
EPS (diluted)
$0.02
$-2.37

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
GRAL
GRAL
Q4 25
$43.6M
Q3 25
$53.8M
$36.2M
Q2 25
$55.3M
$35.5M
Q1 25
$50.1M
$31.8M
Q4 24
$49.0M
$38.3M
Q3 24
$44.5M
$28.7M
Q2 24
$47.7M
$32.0M
Q1 24
$47.0M
$26.7M
Net Profit
AAME
AAME
GRAL
GRAL
Q4 25
$-99.2M
Q3 25
$577.0K
$-89.0M
Q2 25
$3.3M
$-114.0M
Q1 25
$802.0K
$-106.2M
Q4 24
$412.0K
$-97.1M
Q3 24
$-2.0M
$-125.7M
Q2 24
$-684.0K
$-1.6B
Q1 24
$-2.0M
$-218.9M
Operating Margin
AAME
AAME
GRAL
GRAL
Q4 25
-285.4%
Q3 25
1.4%
-346.2%
Q2 25
7.6%
-446.9%
Q1 25
2.1%
-482.5%
Q4 24
1.1%
-358.0%
Q3 24
-5.5%
-640.5%
Q2 24
-1.8%
-5133.8%
Q1 24
-5.3%
-851.1%
Net Margin
AAME
AAME
GRAL
GRAL
Q4 25
-227.5%
Q3 25
1.1%
-245.8%
Q2 25
6.0%
-320.7%
Q1 25
1.6%
-333.6%
Q4 24
0.8%
-253.8%
Q3 24
-4.5%
-438.7%
Q2 24
-1.4%
-4958.8%
Q1 24
-4.3%
-819.3%
EPS (diluted)
AAME
AAME
GRAL
GRAL
Q4 25
$-2.37
Q3 25
$0.02
$-2.46
Q2 25
$0.15
$-3.18
Q1 25
$0.03
$-3.10
Q4 24
$0.01
$-1.49
Q3 24
$-0.10
$-3.94
Q2 24
$-0.04
$-51.06
Q1 24
$-0.10
$-7.05

Balance Sheet & Financial Strength

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

Metric
AAME
AAME
GRAL
GRAL
Cash + ST InvestmentsLiquidity on hand
$34.4M
$249.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$109.5M
$2.6B
Total Assets
$430.9M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
GRAL
GRAL
Q4 25
$249.7M
Q3 25
$34.4M
$126.9M
Q2 25
$46.4M
$127.4M
Q1 25
$35.9M
$133.9M
Q4 24
$35.6M
$214.2M
Q3 24
$23.0M
$853.6M
Q2 24
$21.2M
$958.8M
Q1 24
$21.2M
$199.7M
Stockholders' Equity
AAME
AAME
GRAL
GRAL
Q4 25
$2.6B
Q3 25
$109.5M
$2.2B
Q2 25
$106.2M
$2.3B
Q1 25
$102.4M
$2.4B
Q4 24
$99.6M
$2.5B
Q3 24
$105.8M
$2.6B
Q2 24
$100.7M
$2.7B
Q1 24
$102.8M
Total Assets
AAME
AAME
GRAL
GRAL
Q4 25
$2.9B
Q3 25
$430.9M
$2.6B
Q2 25
$429.3M
$2.7B
Q1 25
$388.4M
$2.8B
Q4 24
$393.4M
$3.0B
Q3 24
$387.0M
$3.1B
Q2 24
$386.0M
$3.3B
Q1 24
$365.8M

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
GRAL
GRAL
Operating Cash FlowLast quarter
$6.6M
$-63.8M
Free Cash FlowOCF − Capex
$6.6M
$-63.9M
FCF MarginFCF / Revenue
12.3%
-146.5%
Capex IntensityCapex / Revenue
0.1%
0.2%
Cash ConversionOCF / Net Profit
11.51×
TTM Free Cash FlowTrailing 4 quarters
$19.3M
$-299.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
GRAL
GRAL
Q4 25
$-63.8M
Q3 25
$6.6M
$-63.2M
Q2 25
$9.3M
$-77.0M
Q1 25
$-722.0K
$-95.0M
Q4 24
$4.8M
Q3 24
$90.0K
$-104.6M
Q2 24
$416.0K
$-171.8M
Q1 24
$-5.3M
$-207.3M
Free Cash Flow
AAME
AAME
GRAL
GRAL
Q4 25
$-63.9M
Q3 25
$6.6M
$-63.6M
Q2 25
$9.1M
$-77.3M
Q1 25
$-986.0K
$-95.1M
Q4 24
$4.6M
Q3 24
$58.0K
$-105.6M
Q2 24
$361.0K
$-173.2M
Q1 24
$-5.4M
$-209.8M
FCF Margin
AAME
AAME
GRAL
GRAL
Q4 25
-146.5%
Q3 25
12.3%
-175.8%
Q2 25
16.5%
-217.6%
Q1 25
-2.0%
-298.6%
Q4 24
9.3%
Q3 24
0.1%
-368.4%
Q2 24
0.8%
-541.7%
Q1 24
-11.4%
-785.3%
Capex Intensity
AAME
AAME
GRAL
GRAL
Q4 25
0.2%
Q3 25
0.1%
1.1%
Q2 25
0.3%
1.0%
Q1 25
0.5%
0.2%
Q4 24
0.5%
Q3 24
0.1%
3.4%
Q2 24
0.1%
4.3%
Q1 24
0.1%
9.5%
Cash Conversion
AAME
AAME
GRAL
GRAL
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%

GRAL
GRAL

Screening Revenue$42.3M97%
Developmental Services Revenue$1.3M3%

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