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

SUNation Energy, Inc. is the larger business by last-quarter revenue ($27.2M vs $18.7M, roughly 1.5× AMES NATIONAL CORP). AMES NATIONAL CORP runs the higher net margin — 34.9% vs 9.6%, a 25.3% gap on every dollar of revenue. On growth, SUNation Energy, Inc. posted the faster year-over-year revenue change (77.0% vs 26.7%). Over the past eight quarters, SUNation Energy, Inc.'s revenue compounded faster (43.5% 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.

Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.

ATLO vs SUNE — Head-to-Head

Bigger by revenue
SUNE
SUNE
1.5× larger
SUNE
$27.2M
$18.7M
ATLO
Growing faster (revenue YoY)
SUNE
SUNE
+50.3% gap
SUNE
77.0%
26.7%
ATLO
Higher net margin
ATLO
ATLO
25.3% more per $
ATLO
34.9%
9.6%
SUNE
Faster 2-yr revenue CAGR
SUNE
SUNE
Annualised
SUNE
43.5%
19.5%
ATLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATLO
ATLO
SUNE
SUNE
Revenue
$18.7M
$27.2M
Net Profit
$6.5M
$2.6M
Gross Margin
40.7%
Operating Margin
44.3%
10.7%
Net Margin
34.9%
9.6%
Revenue YoY
26.7%
77.0%
Net Profit YoY
85.4%
138.2%
EPS (diluted)
$105.59

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
SUNE
SUNE
Q4 25
$18.7M
$27.2M
Q3 25
$16.6M
$19.0M
Q2 25
$16.1M
$13.1M
Q1 25
$15.5M
$12.6M
Q4 24
$14.7M
$15.4M
Q3 24
$13.5M
$14.7M
Q2 24
$13.5M
$13.5M
Q1 24
$13.1M
$13.2M
Net Profit
ATLO
ATLO
SUNE
SUNE
Q4 25
$6.5M
$2.6M
Q3 25
$4.6M
$-393.0K
Q2 25
$4.5M
$-9.6M
Q1 25
$3.4M
$-3.5M
Q4 24
$3.5M
$-6.8M
Q3 24
$2.2M
$-3.3M
Q2 24
$2.2M
$-6.9M
Q1 24
$2.3M
$1.2M
Gross Margin
ATLO
ATLO
SUNE
SUNE
Q4 25
40.7%
Q3 25
38.0%
Q2 25
37.0%
Q1 25
35.1%
Q4 24
36.4%
Q3 24
35.6%
Q2 24
35.4%
Q1 24
36.4%
Operating Margin
ATLO
ATLO
SUNE
SUNE
Q4 25
44.3%
10.7%
Q3 25
34.5%
-1.3%
Q2 25
35.0%
-16.6%
Q1 25
27.4%
-17.2%
Q4 24
29.4%
-42.3%
Q3 24
19.4%
-10.9%
Q2 24
19.0%
-15.0%
Q1 24
20.8%
-16.5%
Net Margin
ATLO
ATLO
SUNE
SUNE
Q4 25
34.9%
9.6%
Q3 25
27.5%
-2.1%
Q2 25
28.0%
-73.5%
Q1 25
22.3%
-27.7%
Q4 24
23.8%
-44.4%
Q3 24
16.4%
-22.4%
Q2 24
16.2%
-51.2%
Q1 24
17.6%
9.1%
EPS (diluted)
ATLO
ATLO
SUNE
SUNE
Q4 25
$105.59
Q3 25
$-0.12
Q2 25
$-3.14
Q1 25
$-106.71
Q4 24
$41676.94
Q3 24
$-2350.12
Q2 24
$-11022.91
Q1 24
$-38414.84

Balance Sheet & Financial Strength

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

Metric
ATLO
ATLO
SUNE
SUNE
Cash + ST InvestmentsLiquidity on hand
$126.8M
$7.2M
Total DebtLower is stronger
$18.4M
$6.6M
Stockholders' EquityBook value
$207.9M
$24.3M
Total Assets
$2.1B
$48.2M
Debt / EquityLower = less leverage
0.09×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATLO
ATLO
SUNE
SUNE
Q4 25
$126.8M
$7.2M
Q3 25
$108.2M
$5.4M
Q2 25
$95.2M
$3.2M
Q1 25
$163.4M
$1.4M
Q4 24
$101.2M
$839.3K
Q3 24
$59.0M
$1.1M
Q2 24
$63.4M
$1.0M
Q1 24
$111.4M
$1.8M
Total Debt
ATLO
ATLO
SUNE
SUNE
Q4 25
$18.4M
$6.6M
Q3 25
Q2 25
Q1 25
Q4 24
$20.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ATLO
ATLO
SUNE
SUNE
Q4 25
$207.9M
$24.3M
Q3 25
$200.6M
$21.7M
Q2 25
$193.0M
$22.1M
Q1 25
$183.1M
$14.8M
Q4 24
$174.7M
$8.5M
Q3 24
$183.4M
$13.1M
Q2 24
$167.1M
$-10.9M
Q1 24
$165.5M
$-11.2M
Total Assets
ATLO
ATLO
SUNE
SUNE
Q4 25
$2.1B
$48.2M
Q3 25
$2.1B
$49.6M
Q2 25
$2.1B
$44.1M
Q1 25
$2.2B
$44.4M
Q4 24
$2.1B
$45.7M
Q3 24
$2.1B
$51.0M
Q2 24
$2.1B
$52.9M
Q1 24
$2.2B
$54.7M
Debt / Equity
ATLO
ATLO
SUNE
SUNE
Q4 25
0.09×
0.27×
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
SUNE
SUNE
Operating Cash FlowLast quarter
$21.3M
$2.1M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
110.8%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
3.28×
0.81×
TTM Free Cash FlowTrailing 4 quarters
$34.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATLO
ATLO
SUNE
SUNE
Q4 25
$21.3M
$2.1M
Q3 25
$2.8M
$2.4M
Q2 25
$4.0M
$-130.2K
Q1 25
$7.1M
$-3.4M
Q4 24
$14.3M
$-1.9M
Q3 24
$3.1M
$-968.1K
Q2 24
$3.9M
$-776.4K
Q1 24
$1.4M
$-2.6M
Free Cash Flow
ATLO
ATLO
SUNE
SUNE
Q4 25
$20.7M
Q3 25
$2.6M
$2.4M
Q2 25
$3.9M
Q1 25
$6.9M
Q4 24
$14.0M
$-1.9M
Q3 24
$3.0M
$-980.3K
Q2 24
$3.8M
$-788.4K
Q1 24
$1.3M
$-2.7M
FCF Margin
ATLO
ATLO
SUNE
SUNE
Q4 25
110.8%
Q3 25
16.0%
12.5%
Q2 25
24.2%
Q1 25
44.8%
Q4 24
94.9%
-12.4%
Q3 24
22.5%
-6.7%
Q2 24
28.1%
-5.8%
Q1 24
10.0%
-20.1%
Capex Intensity
ATLO
ATLO
SUNE
SUNE
Q4 25
3.4%
Q3 25
0.6%
0.0%
Q2 25
0.7%
Q1 25
1.3%
Q4 24
2.0%
0.0%
Q3 24
0.5%
0.1%
Q2 24
0.7%
0.1%
Q1 24
0.5%
0.0%
Cash Conversion
ATLO
ATLO
SUNE
SUNE
Q4 25
3.28×
0.81×
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×
-2.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATLO
ATLO

Segment breakdown not available.

SUNE
SUNE

Transferred At Point In Time$15.1M55%
Hawaii Energy Connection$10.0M37%
Transferred Over Time$2.1M8%

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