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

AMES NATIONAL CORP is the larger business by last-quarter revenue ($18.7M vs $14.6M, roughly 1.3× AMREP CORP.). AMES NATIONAL CORP runs the higher net margin — 34.9% vs 21.6%, a 13.3% gap on every dollar of revenue. On growth, AMREP CORP. posted the faster year-over-year revenue change (93.8% vs 26.7%). AMES NATIONAL CORP produced more free cash flow last quarter ($20.7M vs $5.4M). Over the past eight quarters, AMES NATIONAL CORP's revenue compounded faster (19.5% CAGR vs -13.6%).

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.

AMREP Corporation is a real estate and media services company based in Princeton, New Jersey, in the United States. It was founded in 1961 as The American Realty and Petroleum Corporation.

ATLO vs AXR — Head-to-Head

Bigger by revenue
ATLO
ATLO
1.3× larger
ATLO
$18.7M
$14.6M
AXR
Growing faster (revenue YoY)
AXR
AXR
+67.1% gap
AXR
93.8%
26.7%
ATLO
Higher net margin
ATLO
ATLO
13.3% more per $
ATLO
34.9%
21.6%
AXR
More free cash flow
ATLO
ATLO
$15.3M more FCF
ATLO
$20.7M
$5.4M
AXR
Faster 2-yr revenue CAGR
ATLO
ATLO
Annualised
ATLO
19.5%
-13.6%
AXR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ATLO
ATLO
AXR
AXR
Revenue
$18.7M
$14.6M
Net Profit
$6.5M
$3.1M
Gross Margin
Operating Margin
44.3%
20.6%
Net Margin
34.9%
21.6%
Revenue YoY
26.7%
93.8%
Net Profit YoY
85.4%
338.9%
EPS (diluted)
$0.58

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
ATLO
ATLO
AXR
AXR
Q1 26
$14.6M
Q4 25
$18.7M
$9.4M
Q3 25
$16.6M
$17.9M
Q2 25
$16.1M
$11.2M
Q1 25
$15.5M
$7.5M
Q4 24
$14.7M
$11.9M
Q3 24
$13.5M
$19.1M
Q2 24
$13.5M
$19.5M
Net Profit
ATLO
ATLO
AXR
AXR
Q1 26
$3.1M
Q4 25
$6.5M
$1.2M
Q3 25
$4.6M
$4.7M
Q2 25
$4.5M
$3.9M
Q1 25
$3.4M
$717.0K
Q4 24
$3.5M
$4.0M
Q3 24
$2.2M
$4.1M
Q2 24
$2.2M
$4.1M
Operating Margin
ATLO
ATLO
AXR
AXR
Q1 26
20.6%
Q4 25
44.3%
11.9%
Q3 25
34.5%
34.4%
Q2 25
35.0%
31.7%
Q1 25
27.4%
5.7%
Q4 24
29.4%
26.4%
Q3 24
19.4%
26.1%
Q2 24
19.0%
23.9%
Net Margin
ATLO
ATLO
AXR
AXR
Q1 26
21.6%
Q4 25
34.9%
12.8%
Q3 25
27.5%
26.3%
Q2 25
28.0%
34.8%
Q1 25
22.3%
9.5%
Q4 24
23.8%
33.9%
Q3 24
16.4%
21.3%
Q2 24
16.2%
21.2%
EPS (diluted)
ATLO
ATLO
AXR
AXR
Q1 26
$0.58
Q4 25
$0.22
Q3 25
$0.87
Q2 25
$0.73
Q1 25
$0.13
Q4 24
$0.75
Q3 24
$0.76
Q2 24
$0.77

Balance Sheet & Financial Strength

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

Metric
ATLO
ATLO
AXR
AXR
Cash + ST InvestmentsLiquidity on hand
$126.8M
$50.0M
Total DebtLower is stronger
$18.4M
$21.0K
Stockholders' EquityBook value
$207.9M
$139.4M
Total Assets
$2.1B
$143.9M
Debt / EquityLower = less leverage
0.09×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATLO
ATLO
AXR
AXR
Q1 26
$50.0M
Q4 25
$126.8M
$44.6M
Q3 25
$108.2M
$48.9M
Q2 25
$95.2M
$39.5M
Q1 25
$163.4M
$36.9M
Q4 24
$101.2M
$40.1M
Q3 24
$59.0M
$40.4M
Q2 24
$63.4M
$29.7M
Total Debt
ATLO
ATLO
AXR
AXR
Q1 26
$21.0K
Q4 25
$18.4M
$23.0K
Q3 25
$25.0K
Q2 25
$26.0K
Q1 25
$29.0K
Q4 24
$20.0M
$32.0K
Q3 24
$34.0K
Q2 24
$35.0K
Stockholders' Equity
ATLO
ATLO
AXR
AXR
Q1 26
$139.4M
Q4 25
$207.9M
$136.0M
Q3 25
$200.6M
$134.7M
Q2 25
$193.0M
$130.0M
Q1 25
$183.1M
$126.0M
Q4 24
$174.7M
$125.1M
Q3 24
$183.4M
$122.2M
Q2 24
$167.1M
$118.0M
Total Assets
ATLO
ATLO
AXR
AXR
Q1 26
$143.9M
Q4 25
$2.1B
$140.1M
Q3 25
$2.1B
$140.7M
Q2 25
$2.1B
$133.8M
Q1 25
$2.2B
$128.9M
Q4 24
$2.1B
$129.1M
Q3 24
$2.1B
$127.0M
Q2 24
$2.1B
$122.8M
Debt / Equity
ATLO
ATLO
AXR
AXR
Q1 26
0.00×
Q4 25
0.09×
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.11×
0.00×
Q3 24
0.00×
Q2 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
ATLO
ATLO
AXR
AXR
Operating Cash FlowLast quarter
$21.3M
$5.4M
Free Cash FlowOCF − Capex
$20.7M
$5.4M
FCF MarginFCF / Revenue
110.8%
37.0%
Capex IntensityCapex / Revenue
3.4%
0.1%
Cash ConversionOCF / Net Profit
3.28×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$34.2M
$20.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATLO
ATLO
AXR
AXR
Q1 26
$5.4M
Q4 25
$21.3M
$-4.3M
Q3 25
$2.8M
$9.5M
Q2 25
$4.0M
$10.2M
Q1 25
$7.1M
$-3.2M
Q4 24
$14.3M
$-182.0K
Q3 24
$3.1M
$10.7M
Q2 24
$3.9M
$10.7M
Free Cash Flow
ATLO
ATLO
AXR
AXR
Q1 26
$5.4M
Q4 25
$20.7M
$-4.3M
Q3 25
$2.6M
$9.5M
Q2 25
$3.9M
$9.7M
Q1 25
$6.9M
$-3.3M
Q4 24
$14.0M
$-268.0K
Q3 24
$3.0M
$10.7M
Q2 24
$3.8M
$10.3M
FCF Margin
ATLO
ATLO
AXR
AXR
Q1 26
37.0%
Q4 25
110.8%
-45.9%
Q3 25
16.0%
53.2%
Q2 25
24.2%
86.4%
Q1 25
44.8%
-43.4%
Q4 24
94.9%
-2.3%
Q3 24
22.5%
55.8%
Q2 24
28.1%
52.5%
Capex Intensity
ATLO
ATLO
AXR
AXR
Q1 26
0.1%
Q4 25
3.4%
0.6%
Q3 25
0.6%
0.1%
Q2 25
0.7%
5.2%
Q1 25
1.3%
0.3%
Q4 24
2.0%
0.7%
Q3 24
0.5%
0.2%
Q2 24
0.7%
2.3%
Cash Conversion
ATLO
ATLO
AXR
AXR
Q1 26
1.72×
Q4 25
3.28×
-3.54×
Q3 25
0.60×
2.03×
Q2 25
0.89×
2.63×
Q1 25
2.07×
-4.51×
Q4 24
4.07×
-0.05×
Q3 24
1.40×
2.63×
Q2 24
1.78×
2.59×

Financial Flow Comparison

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

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