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Side-by-side financial comparison of ATN International, Inc. (ATNI) and Cadre Holdings, Inc. (CDRE). Click either name above to swap in a different company.

ATN International, Inc. is the larger business by last-quarter revenue ($169.1M vs $167.2M, roughly 1.0× Cadre Holdings, Inc.). Cadre Holdings, Inc. runs the higher net margin — 7.0% vs -4.0%, a 11.0% gap on every dollar of revenue. On growth, ATN International, Inc. posted the faster year-over-year revenue change (1.2% vs -5.0%). Cadre Holdings, Inc. produced more free cash flow last quarter ($18.0M vs $7.1M). Over the past eight quarters, Cadre Holdings, Inc.'s revenue compounded faster (10.1% CAGR vs -1.1%).

ATN International, Inc. (ATN) formerly known as Atlantic Tele-Network, Inc., is a publicly traded telecommunications company that is headquartered in Beverly, Massachusetts. It operates digital wireless, wireline, and both terrestrial and submarine fiber optic networks, serving markets that are geographically separated and technically challenging, such as the plains, deserts, and mountainous areas of the United States.

RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York. The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fu...

ATNI vs CDRE — Head-to-Head

Bigger by revenue
ATNI
ATNI
1.0× larger
ATNI
$169.1M
$167.2M
CDRE
Growing faster (revenue YoY)
ATNI
ATNI
+6.2% gap
ATNI
1.2%
-5.0%
CDRE
Higher net margin
CDRE
CDRE
11.0% more per $
CDRE
7.0%
-4.0%
ATNI
More free cash flow
CDRE
CDRE
$10.8M more FCF
CDRE
$18.0M
$7.1M
ATNI
Faster 2-yr revenue CAGR
CDRE
CDRE
Annualised
CDRE
10.1%
-1.1%
ATNI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATNI
ATNI
CDRE
CDRE
Revenue
$169.1M
$167.2M
Net Profit
$-6.8M
$11.7M
Gross Margin
43.4%
Operating Margin
9.3%
12.2%
Net Margin
-4.0%
7.0%
Revenue YoY
1.2%
-5.0%
Net Profit YoY
-261.7%
-9.6%
EPS (diluted)
$-0.31
$0.22

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
ATNI
ATNI
CDRE
CDRE
Q4 25
$169.1M
$167.2M
Q3 25
$166.9M
$155.9M
Q2 25
$166.5M
$157.1M
Q1 25
$164.6M
$130.1M
Q4 24
$167.1M
$176.0M
Q3 24
$164.6M
$109.4M
Q2 24
$169.4M
$144.3M
Q1 24
$172.9M
$137.9M
Net Profit
ATNI
ATNI
CDRE
CDRE
Q4 25
$-6.8M
$11.7M
Q3 25
$3.9M
$10.9M
Q2 25
$-9.3M
$12.2M
Q1 25
$-11.4M
$9.2M
Q4 24
$4.2M
$13.0M
Q3 24
$-39.5M
$3.7M
Q2 24
$11.3M
$12.6M
Q1 24
$-7.9M
$6.9M
Gross Margin
ATNI
ATNI
CDRE
CDRE
Q4 25
43.4%
Q3 25
42.7%
Q2 25
40.9%
Q1 25
43.1%
Q4 24
43.9%
Q3 24
36.6%
Q2 24
40.6%
Q1 24
41.8%
Operating Margin
ATNI
ATNI
CDRE
CDRE
Q4 25
9.3%
12.2%
Q3 25
5.9%
12.0%
Q2 25
0.1%
9.3%
Q1 25
1.6%
10.4%
Q4 24
5.2%
16.7%
Q3 24
-23.3%
5.0%
Q2 24
14.4%
13.8%
Q1 24
2.6%
8.7%
Net Margin
ATNI
ATNI
CDRE
CDRE
Q4 25
-4.0%
7.0%
Q3 25
2.4%
7.0%
Q2 25
-5.6%
7.8%
Q1 25
-6.9%
7.1%
Q4 24
2.5%
7.4%
Q3 24
-24.0%
3.3%
Q2 24
6.7%
8.7%
Q1 24
-4.6%
5.0%
EPS (diluted)
ATNI
ATNI
CDRE
CDRE
Q4 25
$-0.31
$0.22
Q3 25
$0.18
$0.27
Q2 25
$-0.56
$0.30
Q1 25
$-0.69
$0.23
Q4 24
$0.16
$0.32
Q3 24
$-2.26
$0.09
Q2 24
$0.50
$0.31
Q1 24
$-0.50
$0.18

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
CDRE
CDRE
Cash + ST InvestmentsLiquidity on hand
$102.9M
$122.9M
Total DebtLower is stronger
$565.2M
Stockholders' EquityBook value
$444.3M
$317.8M
Total Assets
$1.7B
$770.0M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
CDRE
CDRE
Q4 25
$102.9M
$122.9M
Q3 25
$106.6M
$150.9M
Q2 25
$99.4M
$137.5M
Q1 25
$83.8M
$133.4M
Q4 24
$73.7M
$124.9M
Q3 24
$101.0M
$93.0M
Q2 24
$59.2M
$105.9M
Q1 24
$56.8M
$87.1M
Total Debt
ATNI
ATNI
CDRE
CDRE
Q4 25
$565.2M
Q3 25
$579.6M
Q2 25
$583.4M
Q1 25
$562.4M
Q4 24
$557.4M
Q3 24
$568.9M
Q2 24
$540.8M
Q1 24
$541.3M
Stockholders' Equity
ATNI
ATNI
CDRE
CDRE
Q4 25
$444.3M
$317.8M
Q3 25
$452.3M
$340.4M
Q2 25
$458.7M
$332.5M
Q1 25
$473.3M
$317.6M
Q4 24
$489.5M
$311.5M
Q3 24
$490.8M
$300.3M
Q2 24
$526.8M
$299.4M
Q1 24
$530.0M
$270.7M
Total Assets
ATNI
ATNI
CDRE
CDRE
Q4 25
$1.7B
$770.0M
Q3 25
$1.7B
$792.1M
Q2 25
$1.7B
$794.4M
Q1 25
$1.7B
$656.3M
Q4 24
$1.7B
$652.7M
Q3 24
$1.8B
$616.6M
Q2 24
$1.8B
$620.6M
Q1 24
$1.8B
$599.4M
Debt / Equity
ATNI
ATNI
CDRE
CDRE
Q4 25
1.27×
Q3 25
1.28×
Q2 25
1.27×
Q1 25
1.19×
Q4 24
1.14×
Q3 24
1.16×
Q2 24
1.03×
Q1 24
1.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATNI
ATNI
CDRE
CDRE
Operating Cash FlowLast quarter
$36.2M
$21.3M
Free Cash FlowOCF − Capex
$7.1M
$18.0M
FCF MarginFCF / Revenue
4.2%
10.7%
Capex IntensityCapex / Revenue
17.2%
2.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$43.9M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
CDRE
CDRE
Q4 25
$36.2M
$21.3M
Q3 25
$37.8M
$22.5M
Q2 25
$23.9M
$2.6M
Q1 25
$35.9M
$17.4M
Q4 24
$30.5M
$23.7M
Q3 24
$39.0M
$-5.2M
Q2 24
$35.2M
$11.1M
Q1 24
$23.2M
$2.1M
Free Cash Flow
ATNI
ATNI
CDRE
CDRE
Q4 25
$7.1M
$18.0M
Q3 25
$18.9M
$21.6M
Q2 25
$2.8M
$1.2M
Q1 25
$15.1M
$16.1M
Q4 24
$5.8M
$22.4M
Q3 24
$15.2M
$-6.2M
Q2 24
$9.4M
$9.1M
Q1 24
$-12.8M
$794.0K
FCF Margin
ATNI
ATNI
CDRE
CDRE
Q4 25
4.2%
10.7%
Q3 25
11.3%
13.9%
Q2 25
1.7%
0.7%
Q1 25
9.2%
12.4%
Q4 24
3.5%
12.7%
Q3 24
9.2%
-5.7%
Q2 24
5.6%
6.3%
Q1 24
-7.4%
0.6%
Capex Intensity
ATNI
ATNI
CDRE
CDRE
Q4 25
17.2%
2.0%
Q3 25
11.3%
0.5%
Q2 25
12.7%
0.9%
Q1 25
12.7%
1.0%
Q4 24
14.8%
0.7%
Q3 24
14.5%
0.9%
Q2 24
15.2%
1.4%
Q1 24
20.8%
1.0%
Cash Conversion
ATNI
ATNI
CDRE
CDRE
Q4 25
1.81×
Q3 25
9.62×
2.05×
Q2 25
0.21×
Q1 25
1.88×
Q4 24
7.24×
1.83×
Q3 24
-1.43×
Q2 24
3.11×
0.89×
Q1 24
0.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATNI
ATNI

Us Telecommunications$86.9M51%
Fixed Consumer$42.8M25%
Fixed Business$18.5M11%
Transferred At Point In Time$7.2M4%
Mobility Business$5.3M3%
Other Revenue$4.2M2%
Other Communication Services$3.2M2%
Managed Services$1.2M1%
Construction Services$448.0K0%

CDRE
CDRE

U.s.state And Local Agencies$72.7M43%
Other$48.6M29%
U.s.Federal Agencies$31.6M19%
Commercial$12.0M7%

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