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Side-by-side financial comparison of AMES NATIONAL CORP (ATLO) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

AMES NATIONAL CORP is the larger business by last-quarter revenue ($18.7M vs $17.3M, roughly 1.1× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 34.9%, a 32.4% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 26.7%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

ATLO vs SLGL — Head-to-Head

Bigger by revenue
ATLO
ATLO
1.1× larger
ATLO
$18.7M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+191.1% gap
SLGL
217.7%
26.7%
ATLO
Higher net margin
SLGL
SLGL
32.4% more per $
SLGL
67.3%
34.9%
ATLO

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ATLO
ATLO
SLGL
SLGL
Revenue
$18.7M
$17.3M
Net Profit
$6.5M
$11.6M
Gross Margin
Operating Margin
44.3%
65.1%
Net Margin
34.9%
67.3%
Revenue YoY
26.7%
217.7%
Net Profit YoY
85.4%
487.6%
EPS (diluted)
$4.17

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
SLGL
SLGL
Q4 25
$18.7M
Q3 25
$16.6M
Q2 25
$16.1M
$17.3M
Q1 25
$15.5M
Q4 24
$14.7M
Q3 24
$13.5M
Q2 24
$13.5M
$5.4M
Q1 24
$13.1M
Net Profit
ATLO
ATLO
SLGL
SLGL
Q4 25
$6.5M
Q3 25
$4.6M
Q2 25
$4.5M
$11.6M
Q1 25
$3.4M
Q4 24
$3.5M
Q3 24
$2.2M
Q2 24
$2.2M
$2.0M
Q1 24
$2.3M
Operating Margin
ATLO
ATLO
SLGL
SLGL
Q4 25
44.3%
Q3 25
34.5%
Q2 25
35.0%
65.1%
Q1 25
27.4%
Q4 24
29.4%
Q3 24
19.4%
Q2 24
19.0%
29.9%
Q1 24
20.8%
Net Margin
ATLO
ATLO
SLGL
SLGL
Q4 25
34.9%
Q3 25
27.5%
Q2 25
28.0%
67.3%
Q1 25
22.3%
Q4 24
23.8%
Q3 24
16.4%
Q2 24
16.2%
36.4%
Q1 24
17.6%
EPS (diluted)
ATLO
ATLO
SLGL
SLGL
Q4 25
Q3 25
Q2 25
$4.17
Q1 25
Q4 24
Q3 24
Q2 24
$0.71
Q1 24

Balance Sheet & Financial Strength

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

Metric
ATLO
ATLO
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$126.8M
$24.3M
Total DebtLower is stronger
$18.4M
Stockholders' EquityBook value
$207.9M
$31.9M
Total Assets
$2.1B
$39.3M
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATLO
ATLO
SLGL
SLGL
Q4 25
$126.8M
Q3 25
$108.2M
Q2 25
$95.2M
$24.3M
Q1 25
$163.4M
Q4 24
$101.2M
Q3 24
$59.0M
Q2 24
$63.4M
$26.5M
Q1 24
$111.4M
Total Debt
ATLO
ATLO
SLGL
SLGL
Q4 25
$18.4M
Q3 25
Q2 25
Q1 25
Q4 24
$20.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ATLO
ATLO
SLGL
SLGL
Q4 25
$207.9M
Q3 25
$200.6M
Q2 25
$193.0M
$31.9M
Q1 25
$183.1M
Q4 24
$174.7M
Q3 24
$183.4M
Q2 24
$167.1M
$34.9M
Q1 24
$165.5M
Total Assets
ATLO
ATLO
SLGL
SLGL
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
$39.3M
Q1 25
$2.2B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
$42.0M
Q1 24
$2.2B
Debt / Equity
ATLO
ATLO
SLGL
SLGL
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
SLGL
SLGL
Operating Cash FlowLast quarter
$21.3M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
110.8%
Capex IntensityCapex / Revenue
3.4%
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
SLGL
SLGL
Q4 25
$21.3M
Q3 25
$2.8M
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
SLGL
SLGL
Q4 25
$20.7M
Q3 25
$2.6M
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
SLGL
SLGL
Q4 25
110.8%
Q3 25
16.0%
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
SLGL
SLGL
Q4 25
3.4%
Q3 25
0.6%
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
SLGL
SLGL
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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