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Side-by-side financial comparison of AMES NATIONAL CORP (ATLO) and Genasys Inc. (GNSS). 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× Genasys Inc.). AMES NATIONAL CORP runs the higher net margin — 34.9% vs -4.8%, a 39.7% gap on every dollar of revenue. On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs 26.7%). Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% 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.

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service products Genasys Protect and Evertel are used for zone-based multi-channel communication and secure messaging and collaboration, respectively. Genasys Acoustics are integrated speakers used to send long range voice broadcasts. The company was previously named American Technology Corporation (ATC) until 2010 and...

ATLO vs GNSS — Head-to-Head

Bigger by revenue
ATLO
ATLO
1.1× larger
ATLO
$18.7M
$17.1M
GNSS
Growing faster (revenue YoY)
GNSS
GNSS
+119.2% gap
GNSS
145.9%
26.7%
ATLO
Higher net margin
ATLO
ATLO
39.7% more per $
ATLO
34.9%
-4.8%
GNSS
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
19.5%
ATLO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ATLO
ATLO
GNSS
GNSS
Revenue
$18.7M
$17.1M
Net Profit
$6.5M
$-817.0K
Gross Margin
48.0%
Operating Margin
44.3%
-2.1%
Net Margin
34.9%
-4.8%
Revenue YoY
26.7%
145.9%
Net Profit YoY
85.4%
80.0%
EPS (diluted)
$-0.02

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
GNSS
GNSS
Q4 25
$18.7M
$17.1M
Q3 25
$16.6M
$17.0M
Q2 25
$16.1M
$9.9M
Q1 25
$15.5M
$6.9M
Q4 24
$14.7M
$6.9M
Q3 24
$13.5M
$6.7M
Q2 24
$13.5M
$7.2M
Q1 24
$13.1M
$5.7M
Net Profit
ATLO
ATLO
GNSS
GNSS
Q4 25
$6.5M
$-817.0K
Q3 25
$4.6M
$-1.4M
Q2 25
$4.5M
$-6.5M
Q1 25
$3.4M
$-6.1M
Q4 24
$3.5M
$-4.1M
Q3 24
$2.2M
$-11.4M
Q2 24
$2.2M
$-6.7M
Q1 24
$2.3M
$-6.9M
Gross Margin
ATLO
ATLO
GNSS
GNSS
Q4 25
48.0%
Q3 25
50.3%
Q2 25
26.3%
Q1 25
37.7%
Q4 24
45.8%
Q3 24
40.8%
Q2 24
52.8%
Q1 24
37.9%
Operating Margin
ATLO
ATLO
GNSS
GNSS
Q4 25
44.3%
-2.1%
Q3 25
34.5%
7.7%
Q2 25
35.0%
-60.1%
Q1 25
27.4%
-90.2%
Q4 24
29.4%
-85.6%
Q3 24
19.4%
-105.8%
Q2 24
19.0%
-74.8%
Q1 24
20.8%
-121.9%
Net Margin
ATLO
ATLO
GNSS
GNSS
Q4 25
34.9%
-4.8%
Q3 25
27.5%
-8.3%
Q2 25
28.0%
-65.8%
Q1 25
22.3%
-88.6%
Q4 24
23.8%
-58.8%
Q3 24
16.4%
-168.9%
Q2 24
16.2%
-93.2%
Q1 24
17.6%
-120.9%
EPS (diluted)
ATLO
ATLO
GNSS
GNSS
Q4 25
$-0.02
Q3 25
$-0.03
Q2 25
$-0.14
Q1 25
$-0.14
Q4 24
$-0.09
Q3 24
$-0.26
Q2 24
$-0.15
Q1 24
$-0.16

Balance Sheet & Financial Strength

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

Metric
ATLO
ATLO
GNSS
GNSS
Cash + ST InvestmentsLiquidity on hand
$126.8M
$10.3M
Total DebtLower is stronger
$18.4M
Stockholders' EquityBook value
$207.9M
$1.8M
Total Assets
$2.1B
$67.6M
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATLO
ATLO
GNSS
GNSS
Q4 25
$126.8M
$10.3M
Q3 25
$108.2M
$8.0M
Q2 25
$95.2M
$5.5M
Q1 25
$163.4M
$7.1M
Q4 24
$101.2M
$13.6M
Q3 24
$59.0M
$12.9M
Q2 24
$63.4M
$12.7M
Q1 24
$111.4M
$6.6M
Total Debt
ATLO
ATLO
GNSS
GNSS
Q4 25
$18.4M
Q3 25
Q2 25
Q1 25
Q4 24
$20.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ATLO
ATLO
GNSS
GNSS
Q4 25
$207.9M
$1.8M
Q3 25
$200.6M
$2.2M
Q2 25
$193.0M
$3.2M
Q1 25
$183.1M
$8.1M
Q4 24
$174.7M
$13.7M
Q3 24
$183.4M
$17.6M
Q2 24
$167.1M
$28.5M
Q1 24
$165.5M
$34.9M
Total Assets
ATLO
ATLO
GNSS
GNSS
Q4 25
$2.1B
$67.6M
Q3 25
$2.1B
$63.9M
Q2 25
$2.1B
$57.4M
Q1 25
$2.2B
$49.7M
Q4 24
$2.1B
$54.6M
Q3 24
$2.1B
$53.9M
Q2 24
$2.1B
$59.4M
Q1 24
$2.2B
$51.0M
Debt / Equity
ATLO
ATLO
GNSS
GNSS
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
GNSS
GNSS
Operating Cash FlowLast quarter
$21.3M
$7.2M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
110.8%
Capex IntensityCapex / Revenue
3.4%
0.0%
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
GNSS
GNSS
Q4 25
$21.3M
$7.2M
Q3 25
$2.8M
$2.5M
Q2 25
$4.0M
$-5.9M
Q1 25
$7.1M
$-6.3M
Q4 24
$14.3M
$947.0K
Q3 24
$3.1M
$556.0K
Q2 24
$3.9M
$-7.5M
Q1 24
$1.4M
$-6.8M
Free Cash Flow
ATLO
ATLO
GNSS
GNSS
Q4 25
$20.7M
Q3 25
$2.6M
$2.5M
Q2 25
$3.9M
$-5.9M
Q1 25
$6.9M
$-6.5M
Q4 24
$14.0M
$878.0K
Q3 24
$3.0M
$526.0K
Q2 24
$3.8M
$-7.5M
Q1 24
$1.3M
$-6.8M
FCF Margin
ATLO
ATLO
GNSS
GNSS
Q4 25
110.8%
Q3 25
16.0%
14.5%
Q2 25
24.2%
-59.9%
Q1 25
44.8%
-93.4%
Q4 24
94.9%
12.7%
Q3 24
22.5%
7.8%
Q2 24
28.1%
-105.0%
Q1 24
10.0%
-118.1%
Capex Intensity
ATLO
ATLO
GNSS
GNSS
Q4 25
3.4%
0.0%
Q3 25
0.6%
0.2%
Q2 25
0.7%
0.1%
Q1 25
1.3%
2.2%
Q4 24
2.0%
1.0%
Q3 24
0.5%
0.4%
Q2 24
0.7%
0.1%
Q1 24
0.5%
0.2%
Cash Conversion
ATLO
ATLO
GNSS
GNSS
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.

Revenue Breakdown by Segment

ATLO
ATLO

Segment breakdown not available.

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

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