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

AMES NATIONAL CORP is the larger business by last-quarter revenue ($18.7M vs $17.6M, roughly 1.1× AVITA Medical, Inc.). AMES NATIONAL CORP runs the higher net margin — 34.9% vs -66.0%, a 100.8% gap on every dollar of revenue. On growth, AMES NATIONAL CORP posted the faster year-over-year revenue change (26.7% vs -4.3%). AMES NATIONAL CORP produced more free cash flow last quarter ($20.7M vs $-6.1M). Over the past eight quarters, AVITA Medical, Inc.'s revenue compounded faster (26.0% 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.

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

ATLO vs RCEL — Head-to-Head

Bigger by revenue
ATLO
ATLO
1.1× larger
ATLO
$18.7M
$17.6M
RCEL
Growing faster (revenue YoY)
ATLO
ATLO
+30.9% gap
ATLO
26.7%
-4.3%
RCEL
Higher net margin
ATLO
ATLO
100.8% more per $
ATLO
34.9%
-66.0%
RCEL
More free cash flow
ATLO
ATLO
$26.8M more FCF
ATLO
$20.7M
$-6.1M
RCEL
Faster 2-yr revenue CAGR
RCEL
RCEL
Annualised
RCEL
26.0%
19.5%
ATLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATLO
ATLO
RCEL
RCEL
Revenue
$18.7M
$17.6M
Net Profit
$6.5M
$-11.6M
Gross Margin
81.2%
Operating Margin
44.3%
-59.1%
Net Margin
34.9%
-66.0%
Revenue YoY
26.7%
-4.3%
Net Profit YoY
85.4%
-0.3%
EPS (diluted)
$-0.37

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
RCEL
RCEL
Q4 25
$18.7M
$17.6M
Q3 25
$16.6M
$17.1M
Q2 25
$16.1M
$18.4M
Q1 25
$15.5M
$18.5M
Q4 24
$14.7M
$18.4M
Q3 24
$13.5M
$19.5M
Q2 24
$13.5M
$15.2M
Q1 24
$13.1M
$11.1M
Net Profit
ATLO
ATLO
RCEL
RCEL
Q4 25
$6.5M
$-11.6M
Q3 25
$4.6M
$-13.2M
Q2 25
$4.5M
$-9.9M
Q1 25
$3.4M
$-13.9M
Q4 24
$3.5M
$-11.6M
Q3 24
$2.2M
$-16.2M
Q2 24
$2.2M
$-15.4M
Q1 24
$2.3M
$-18.7M
Gross Margin
ATLO
ATLO
RCEL
RCEL
Q4 25
81.2%
Q3 25
81.3%
Q2 25
81.2%
Q1 25
84.7%
Q4 24
87.6%
Q3 24
83.7%
Q2 24
86.1%
Q1 24
86.4%
Operating Margin
ATLO
ATLO
RCEL
RCEL
Q4 25
44.3%
-59.1%
Q3 25
34.5%
-53.6%
Q2 25
35.0%
-60.5%
Q1 25
27.4%
-63.9%
Q4 24
29.4%
-54.1%
Q3 24
19.4%
-70.6%
Q2 24
19.0%
-102.8%
Q1 24
20.8%
-155.0%
Net Margin
ATLO
ATLO
RCEL
RCEL
Q4 25
34.9%
-66.0%
Q3 25
27.5%
-77.3%
Q2 25
28.0%
-53.9%
Q1 25
22.3%
-74.9%
Q4 24
23.8%
-63.0%
Q3 24
16.4%
-82.9%
Q2 24
16.2%
-101.3%
Q1 24
17.6%
-168.0%
EPS (diluted)
ATLO
ATLO
RCEL
RCEL
Q4 25
$-0.37
Q3 25
$-0.46
Q2 25
$-0.38
Q1 25
$-0.53
Q4 24
$-0.44
Q3 24
$-0.62
Q2 24
$-0.60
Q1 24
$-0.73

Balance Sheet & Financial Strength

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

Metric
ATLO
ATLO
RCEL
RCEL
Cash + ST InvestmentsLiquidity on hand
$126.8M
$18.2M
Total DebtLower is stronger
$18.4M
Stockholders' EquityBook value
$207.9M
$-16.6M
Total Assets
$2.1B
$56.4M
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATLO
ATLO
RCEL
RCEL
Q4 25
$126.8M
$18.2M
Q3 25
$108.2M
$23.3M
Q2 25
$95.2M
$15.7M
Q1 25
$163.4M
$25.8M
Q4 24
$101.2M
$35.9M
Q3 24
$59.0M
$44.4M
Q2 24
$63.4M
$54.1M
Q1 24
$111.4M
$68.2M
Total Debt
ATLO
ATLO
RCEL
RCEL
Q4 25
$18.4M
Q3 25
Q2 25
Q1 25
Q4 24
$20.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ATLO
ATLO
RCEL
RCEL
Q4 25
$207.9M
$-16.6M
Q3 25
$200.6M
$-6.7M
Q2 25
$193.0M
$-12.9M
Q1 25
$183.1M
$-4.6M
Q4 24
$174.7M
$4.5M
Q3 24
$183.4M
$12.2M
Q2 24
$167.1M
$23.9M
Q1 24
$165.5M
$32.6M
Total Assets
ATLO
ATLO
RCEL
RCEL
Q4 25
$2.1B
$56.4M
Q3 25
$2.1B
$63.7M
Q2 25
$2.1B
$58.1M
Q1 25
$2.2B
$69.6M
Q4 24
$2.1B
$79.7M
Q3 24
$2.1B
$81.1M
Q2 24
$2.1B
$87.8M
Q1 24
$2.2B
$97.4M
Debt / Equity
ATLO
ATLO
RCEL
RCEL
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
RCEL
RCEL
Operating Cash FlowLast quarter
$21.3M
$-5.4M
Free Cash FlowOCF − Capex
$20.7M
$-6.1M
FCF MarginFCF / Revenue
110.8%
-34.7%
Capex IntensityCapex / Revenue
3.4%
3.8%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$34.2M
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATLO
ATLO
RCEL
RCEL
Q4 25
$21.3M
$-5.4M
Q3 25
$2.8M
$-5.2M
Q2 25
$4.0M
$-10.2M
Q1 25
$7.1M
$-10.3M
Q4 24
$14.3M
$-8.1M
Q3 24
$3.1M
$-7.2M
Q2 24
$3.9M
$-12.8M
Q1 24
$1.4M
$-20.9M
Free Cash Flow
ATLO
ATLO
RCEL
RCEL
Q4 25
$20.7M
$-6.1M
Q3 25
$2.6M
$-6.2M
Q2 25
$3.9M
$-10.8M
Q1 25
$6.9M
$-10.5M
Q4 24
$14.0M
$-9.7M
Q3 24
$3.0M
$-11.0M
Q2 24
$3.8M
$-15.4M
Q1 24
$1.3M
$-22.0M
FCF Margin
ATLO
ATLO
RCEL
RCEL
Q4 25
110.8%
-34.7%
Q3 25
16.0%
-36.1%
Q2 25
24.2%
-58.4%
Q1 25
44.8%
-56.9%
Q4 24
94.9%
-52.7%
Q3 24
22.5%
-56.1%
Q2 24
28.1%
-101.6%
Q1 24
10.0%
-198.2%
Capex Intensity
ATLO
ATLO
RCEL
RCEL
Q4 25
3.4%
3.8%
Q3 25
0.6%
5.5%
Q2 25
0.7%
2.8%
Q1 25
1.3%
1.2%
Q4 24
2.0%
8.8%
Q3 24
0.5%
19.2%
Q2 24
0.7%
17.5%
Q1 24
0.5%
10.3%
Cash Conversion
ATLO
ATLO
RCEL
RCEL
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.

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