vs

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

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $18.7M, roughly 1.3× AMES NATIONAL CORP). AMES NATIONAL CORP runs the higher net margin — 34.9% vs -13.9%, a 48.7% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 26.7%). AMES NATIONAL CORP produced more free cash flow last quarter ($20.7M vs $-16.5M).

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.

Blaize Holdings, Inc. is a technology company specializing in edge artificial intelligence computing solutions. It designs energy-efficient AI processors, low-latency inference software stacks, and end-to-end edge AI development tools, serving key segments including autonomous driving, industrial automation, smart cities, and edge healthcare monitoring.

ATLO vs BZAI — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.3× larger
BZAI
$23.8M
$18.7M
ATLO
Growing faster (revenue YoY)
BZAI
BZAI
+2377473.3% gap
BZAI
2377500.0%
26.7%
ATLO
Higher net margin
ATLO
ATLO
48.7% more per $
ATLO
34.9%
-13.9%
BZAI
More free cash flow
ATLO
ATLO
$37.2M more FCF
ATLO
$20.7M
$-16.5M
BZAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATLO
ATLO
BZAI
BZAI
Revenue
$18.7M
$23.8M
Net Profit
$6.5M
$-3.3M
Gross Margin
10.8%
Operating Margin
44.3%
-89.8%
Net Margin
34.9%
-13.9%
Revenue YoY
26.7%
2377500.0%
Net Profit YoY
85.4%
50.7%
EPS (diluted)
$0.16

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
BZAI
BZAI
Q4 25
$18.7M
$23.8M
Q3 25
$16.6M
$11.9M
Q2 25
$16.1M
Q1 25
$15.5M
Q4 24
$14.7M
Q3 24
$13.5M
Q2 24
$13.5M
Q1 24
$13.1M
Net Profit
ATLO
ATLO
BZAI
BZAI
Q4 25
$6.5M
$-3.3M
Q3 25
$4.6M
$-26.3M
Q2 25
$4.5M
Q1 25
$3.4M
Q4 24
$3.5M
Q3 24
$2.2M
Q2 24
$2.2M
Q1 24
$2.3M
Gross Margin
ATLO
ATLO
BZAI
BZAI
Q4 25
10.8%
Q3 25
15.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ATLO
ATLO
BZAI
BZAI
Q4 25
44.3%
-89.8%
Q3 25
34.5%
-190.3%
Q2 25
35.0%
Q1 25
27.4%
Q4 24
29.4%
Q3 24
19.4%
Q2 24
19.0%
Q1 24
20.8%
Net Margin
ATLO
ATLO
BZAI
BZAI
Q4 25
34.9%
-13.9%
Q3 25
27.5%
-221.3%
Q2 25
28.0%
Q1 25
22.3%
Q4 24
23.8%
Q3 24
16.4%
Q2 24
16.2%
Q1 24
17.6%
EPS (diluted)
ATLO
ATLO
BZAI
BZAI
Q4 25
$0.16
Q3 25
$-0.25
Q2 25
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
ATLO
ATLO
BZAI
BZAI
Cash + ST InvestmentsLiquidity on hand
$126.8M
$45.8M
Total DebtLower is stronger
$18.4M
Stockholders' EquityBook value
$207.9M
$39.0M
Total Assets
$2.1B
$102.2M
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATLO
ATLO
BZAI
BZAI
Q4 25
$126.8M
$45.8M
Q3 25
$108.2M
$24.0M
Q2 25
$95.2M
Q1 25
$163.4M
Q4 24
$101.2M
Q3 24
$59.0M
Q2 24
$63.4M
Q1 24
$111.4M
Total Debt
ATLO
ATLO
BZAI
BZAI
Q4 25
$18.4M
Q3 25
Q2 25
Q1 25
Q4 24
$20.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ATLO
ATLO
BZAI
BZAI
Q4 25
$207.9M
$39.0M
Q3 25
$200.6M
$1.3M
Q2 25
$193.0M
Q1 25
$183.1M
Q4 24
$174.7M
Q3 24
$183.4M
Q2 24
$167.1M
Q1 24
$165.5M
Total Assets
ATLO
ATLO
BZAI
BZAI
Q4 25
$2.1B
$102.2M
Q3 25
$2.1B
$60.9M
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.2B
Debt / Equity
ATLO
ATLO
BZAI
BZAI
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
BZAI
BZAI
Operating Cash FlowLast quarter
$21.3M
$-16.5M
Free Cash FlowOCF − Capex
$20.7M
$-16.5M
FCF MarginFCF / Revenue
110.8%
-69.6%
Capex IntensityCapex / Revenue
3.4%
0.3%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATLO
ATLO
BZAI
BZAI
Q4 25
$21.3M
$-16.5M
Q3 25
$2.8M
$-24.9M
Q2 25
$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
ATLO
ATLO
BZAI
BZAI
Q4 25
$20.7M
$-16.5M
Q3 25
$2.6M
$-24.9M
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
ATLO
ATLO
BZAI
BZAI
Q4 25
110.8%
-69.6%
Q3 25
16.0%
-210.2%
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
ATLO
ATLO
BZAI
BZAI
Q4 25
3.4%
0.3%
Q3 25
0.6%
0.2%
Q2 25
0.7%
Q1 25
1.3%
Q4 24
2.0%
Q3 24
0.5%
Q2 24
0.7%
Q1 24
0.5%
Cash Conversion
ATLO
ATLO
BZAI
BZAI
Q4 25
3.28×
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.

Related Comparisons