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

AMES NATIONAL CORP is the larger business by last-quarter revenue ($18.7M vs $17.1M, roughly 1.1× Biofrontera Inc.). AMES NATIONAL CORP runs the higher net margin — 34.9% vs 33.0%, a 1.9% gap on every dollar of revenue. On growth, Biofrontera Inc. posted the faster year-over-year revenue change (36.2% vs 26.7%). AMES NATIONAL CORP produced more free cash flow last quarter ($20.7M vs $-2.4M). Over the past eight quarters, Biofrontera Inc.'s revenue compounded faster (47.0% CAGR vs 19.5%).

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.

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

ATLO vs BFRI — Head-to-Head

Bigger by revenue
ATLO
ATLO
1.1× larger
ATLO
$18.7M
$17.1M
BFRI
Growing faster (revenue YoY)
BFRI
BFRI
+9.5% gap
BFRI
36.2%
26.7%
ATLO
Higher net margin
ATLO
ATLO
1.9% more per $
ATLO
34.9%
33.0%
BFRI
More free cash flow
ATLO
ATLO
$23.1M more FCF
ATLO
$20.7M
$-2.4M
BFRI
Faster 2-yr revenue CAGR
BFRI
BFRI
Annualised
BFRI
47.0%
19.5%
ATLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATLO
ATLO
BFRI
BFRI
Revenue
$18.7M
$17.1M
Net Profit
$6.5M
$5.6M
Gross Margin
Operating Margin
44.3%
26.6%
Net Margin
34.9%
33.0%
Revenue YoY
26.7%
36.2%
Net Profit YoY
85.4%
504.0%
EPS (diluted)
$0.62

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
BFRI
BFRI
Q4 25
$18.7M
$17.1M
Q3 25
$16.6M
$7.0M
Q2 25
$16.1M
$9.0M
Q1 25
$15.5M
$8.6M
Q4 24
$14.7M
$12.6M
Q3 24
$13.5M
$9.0M
Q2 24
$13.5M
$7.8M
Q1 24
$13.1M
$7.9M
Net Profit
ATLO
ATLO
BFRI
BFRI
Q4 25
$6.5M
$5.6M
Q3 25
$4.6M
$-6.6M
Q2 25
$4.5M
$-5.3M
Q1 25
$3.4M
$-4.2M
Q4 24
$3.5M
$-1.4M
Q3 24
$2.2M
$-5.7M
Q2 24
$2.2M
$-257.0K
Q1 24
$2.3M
$-10.4M
Operating Margin
ATLO
ATLO
BFRI
BFRI
Q4 25
44.3%
26.6%
Q3 25
34.5%
-89.8%
Q2 25
35.0%
-56.2%
Q1 25
27.4%
-52.9%
Q4 24
29.4%
-13.6%
Q3 24
19.4%
-55.0%
Q2 24
19.0%
-64.7%
Q1 24
20.8%
-69.1%
Net Margin
ATLO
ATLO
BFRI
BFRI
Q4 25
34.9%
33.0%
Q3 25
27.5%
-95.1%
Q2 25
28.0%
-59.0%
Q1 25
22.3%
-48.9%
Q4 24
23.8%
-11.1%
Q3 24
16.4%
-62.9%
Q2 24
16.2%
-3.3%
Q1 24
17.6%
-131.9%
EPS (diluted)
ATLO
ATLO
BFRI
BFRI
Q4 25
$0.62
Q3 25
$-0.62
Q2 25
$-0.57
Q1 25
$-0.47
Q4 24
$0.69
Q3 24
$-0.98
Q2 24
$-0.05
Q1 24
$-2.88

Balance Sheet & Financial Strength

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

Metric
ATLO
ATLO
BFRI
BFRI
Cash + ST InvestmentsLiquidity on hand
$126.8M
$6.4M
Total DebtLower is stronger
$18.4M
Stockholders' EquityBook value
$207.9M
$10.5M
Total Assets
$2.1B
$28.6M
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATLO
ATLO
BFRI
BFRI
Q4 25
$126.8M
$6.4M
Q3 25
$108.2M
$3.4M
Q2 25
$95.2M
$7.2M
Q1 25
$163.4M
$1.8M
Q4 24
$101.2M
$5.9M
Q3 24
$59.0M
$2.9M
Q2 24
$63.4M
$4.4M
Q1 24
$111.4M
$3.8M
Total Debt
ATLO
ATLO
BFRI
BFRI
Q4 25
$18.4M
Q3 25
Q2 25
Q1 25
Q4 24
$20.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ATLO
ATLO
BFRI
BFRI
Q4 25
$207.9M
$10.5M
Q3 25
$200.6M
$-2.6M
Q2 25
$193.0M
$-4.7M
Q1 25
$183.1M
$500.0K
Q4 24
$174.7M
$4.4M
Q3 24
$183.4M
$5.5M
Q2 24
$167.1M
$10.9M
Q1 24
$165.5M
$-5.4M
Total Assets
ATLO
ATLO
BFRI
BFRI
Q4 25
$2.1B
$28.6M
Q3 25
$2.1B
$15.4M
Q2 25
$2.1B
$20.1M
Q1 25
$2.2B
$16.6M
Q4 24
$2.1B
$22.1M
Q3 24
$2.1B
$18.5M
Q2 24
$2.1B
$21.6M
Q1 24
$2.2B
$24.6M
Debt / Equity
ATLO
ATLO
BFRI
BFRI
Q4 25
0.09×
Q3 25
Q2 25
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
ATLO
ATLO
BFRI
BFRI
Operating Cash FlowLast quarter
$21.3M
$-2.4M
Free Cash FlowOCF − Capex
$20.7M
$-2.4M
FCF MarginFCF / Revenue
110.8%
-13.9%
Capex IntensityCapex / Revenue
3.4%
0.0%
Cash ConversionOCF / Net Profit
3.28×
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$34.2M
$-13.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATLO
ATLO
BFRI
BFRI
Q4 25
$21.3M
$-2.4M
Q3 25
$2.8M
$-3.8M
Q2 25
$4.0M
$-3.0M
Q1 25
$7.1M
$-4.1M
Q4 24
$14.3M
$-1.0M
Q3 24
$3.1M
$-1.2M
Q2 24
$3.9M
$-4.7M
Q1 24
$1.4M
$-3.3M
Free Cash Flow
ATLO
ATLO
BFRI
BFRI
Q4 25
$20.7M
$-2.4M
Q3 25
$2.6M
$-3.8M
Q2 25
$3.9M
$-3.0M
Q1 25
$6.9M
$-4.1M
Q4 24
$14.0M
$-1.0M
Q3 24
$3.0M
Q2 24
$3.8M
$-4.8M
Q1 24
$1.3M
$-3.4M
FCF Margin
ATLO
ATLO
BFRI
BFRI
Q4 25
110.8%
-13.9%
Q3 25
16.0%
-54.7%
Q2 25
24.2%
-33.7%
Q1 25
44.8%
-48.0%
Q4 24
94.9%
-8.1%
Q3 24
22.5%
Q2 24
28.1%
-60.8%
Q1 24
10.0%
-42.7%
Capex Intensity
ATLO
ATLO
BFRI
BFRI
Q4 25
3.4%
0.0%
Q3 25
0.6%
0.0%
Q2 25
0.7%
0.0%
Q1 25
1.3%
0.0%
Q4 24
2.0%
0.0%
Q3 24
0.5%
0.0%
Q2 24
0.7%
0.6%
Q1 24
0.5%
0.7%
Cash Conversion
ATLO
ATLO
BFRI
BFRI
Q4 25
3.28×
-0.42×
Q3 25
0.60×
Q2 25
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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