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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and AMES NATIONAL CORP (ATLO). Click either name above to swap in a different company.

AMES NATIONAL CORP is the larger business by last-quarter revenue ($18.7M vs $10.7M, roughly 1.7× Arbutus Biopharma Corp). AMES NATIONAL CORP runs the higher net margin — 34.9% vs 23.5%, a 11.4% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs 26.7%). Over the past eight quarters, AMES NATIONAL CORP's revenue compounded faster (19.5% CAGR vs -13.2%).

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

Ames National Corp is a U.S. financial holding company based in Iowa. It operates multiple community banking subsidiaries, offering retail and commercial financial services including deposit accounts, personal and business loans, mortgages, and wealth management, primarily serving consumers and SMEs across central Iowa.

ABUS vs ATLO — Head-to-Head

Bigger by revenue
ATLO
ATLO
1.7× larger
ATLO
$18.7M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+495.5% gap
ABUS
522.2%
26.7%
ATLO
Higher net margin
ATLO
ATLO
11.4% more per $
ATLO
34.9%
23.5%
ABUS
Faster 2-yr revenue CAGR
ATLO
ATLO
Annualised
ATLO
19.5%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
ATLO
ATLO
Revenue
$10.7M
$18.7M
Net Profit
$2.5M
$6.5M
Gross Margin
Operating Margin
13.9%
44.3%
Net Margin
23.5%
34.9%
Revenue YoY
522.2%
26.7%
Net Profit YoY
112.7%
85.4%
EPS (diluted)
$0.01

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
ABUS
ABUS
ATLO
ATLO
Q4 25
$18.7M
Q3 25
$16.6M
Q2 25
$10.7M
$16.1M
Q1 25
$15.5M
Q4 24
$14.7M
Q3 24
$13.5M
Q2 24
$13.5M
Q1 24
$13.1M
Net Profit
ABUS
ABUS
ATLO
ATLO
Q4 25
$6.5M
Q3 25
$4.6M
Q2 25
$2.5M
$4.5M
Q1 25
$3.4M
Q4 24
$3.5M
Q3 24
$2.2M
Q2 24
$2.2M
Q1 24
$2.3M
Operating Margin
ABUS
ABUS
ATLO
ATLO
Q4 25
44.3%
Q3 25
34.5%
Q2 25
13.9%
35.0%
Q1 25
27.4%
Q4 24
29.4%
Q3 24
19.4%
Q2 24
19.0%
Q1 24
20.8%
Net Margin
ABUS
ABUS
ATLO
ATLO
Q4 25
34.9%
Q3 25
27.5%
Q2 25
23.5%
28.0%
Q1 25
22.3%
Q4 24
23.8%
Q3 24
16.4%
Q2 24
16.2%
Q1 24
17.6%
EPS (diluted)
ABUS
ABUS
ATLO
ATLO
Q4 25
Q3 25
Q2 25
$0.01
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
ATLO
ATLO
Cash + ST InvestmentsLiquidity on hand
$37.4M
$126.8M
Total DebtLower is stronger
$0
$18.4M
Stockholders' EquityBook value
$83.0M
$207.9M
Total Assets
$103.3M
$2.1B
Debt / EquityLower = less leverage
0.00×
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
ATLO
ATLO
Q4 25
$126.8M
Q3 25
$108.2M
Q2 25
$37.4M
$95.2M
Q1 25
$163.4M
Q4 24
$101.2M
Q3 24
$59.0M
Q2 24
$63.4M
Q1 24
$111.4M
Total Debt
ABUS
ABUS
ATLO
ATLO
Q4 25
$18.4M
Q3 25
Q2 25
$0
Q1 25
Q4 24
$20.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ABUS
ABUS
ATLO
ATLO
Q4 25
$207.9M
Q3 25
$200.6M
Q2 25
$83.0M
$193.0M
Q1 25
$183.1M
Q4 24
$174.7M
Q3 24
$183.4M
Q2 24
$167.1M
Q1 24
$165.5M
Total Assets
ABUS
ABUS
ATLO
ATLO
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$103.3M
$2.1B
Q1 25
$2.2B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.2B
Debt / Equity
ABUS
ABUS
ATLO
ATLO
Q4 25
0.09×
Q3 25
Q2 25
0.00×
Q1 25
Q4 24
0.11×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ABUS
ABUS
ATLO
ATLO
Operating Cash FlowLast quarter
$-15.7M
$21.3M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
110.8%
Capex IntensityCapex / Revenue
0.0%
3.4%
Cash ConversionOCF / Net Profit
-6.24×
3.28×
TTM Free Cash FlowTrailing 4 quarters
$34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
ATLO
ATLO
Q4 25
$21.3M
Q3 25
$2.8M
Q2 25
$-15.7M
$4.0M
Q1 25
$7.1M
Q4 24
$14.3M
Q3 24
$3.1M
Q2 24
$3.9M
Q1 24
$1.4M
Free Cash Flow
ABUS
ABUS
ATLO
ATLO
Q4 25
$20.7M
Q3 25
$2.6M
Q2 25
$3.9M
Q1 25
$6.9M
Q4 24
$14.0M
Q3 24
$3.0M
Q2 24
$3.8M
Q1 24
$1.3M
FCF Margin
ABUS
ABUS
ATLO
ATLO
Q4 25
110.8%
Q3 25
16.0%
Q2 25
24.2%
Q1 25
44.8%
Q4 24
94.9%
Q3 24
22.5%
Q2 24
28.1%
Q1 24
10.0%
Capex Intensity
ABUS
ABUS
ATLO
ATLO
Q4 25
3.4%
Q3 25
0.6%
Q2 25
0.0%
0.7%
Q1 25
1.3%
Q4 24
2.0%
Q3 24
0.5%
Q2 24
0.7%
Q1 24
0.5%
Cash Conversion
ABUS
ABUS
ATLO
ATLO
Q4 25
3.28×
Q3 25
0.60×
Q2 25
-6.24×
0.89×
Q1 25
2.07×
Q4 24
4.07×
Q3 24
1.40×
Q2 24
1.78×
Q1 24
0.59×

Financial Flow Comparison

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

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