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Side-by-side financial comparison of ATN International, Inc. (ATNI) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.

ATN International, Inc. is the larger business by last-quarter revenue ($169.1M vs $88.2M, roughly 1.9× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -4.0%, a 30.9% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs 1.2%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $7.1M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% 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.

First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.

ATNI vs FMBH — Head-to-Head

Bigger by revenue
ATNI
ATNI
1.9× larger
ATNI
$169.1M
$88.2M
FMBH
Growing faster (revenue YoY)
FMBH
FMBH
+2.2% gap
FMBH
3.4%
1.2%
ATNI
Higher net margin
FMBH
FMBH
30.9% more per $
FMBH
26.8%
-4.0%
ATNI
More free cash flow
FMBH
FMBH
$116.9M more FCF
FMBH
$124.0M
$7.1M
ATNI
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-1.1%
ATNI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATNI
ATNI
FMBH
FMBH
Revenue
$169.1M
$88.2M
Net Profit
$-6.8M
$23.7M
Gross Margin
Operating Margin
9.3%
34.0%
Net Margin
-4.0%
26.8%
Revenue YoY
1.2%
3.4%
Net Profit YoY
-261.7%
23.5%
EPS (diluted)
$-0.31
$0.98

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
FMBH
FMBH
Q4 25
$169.1M
$88.2M
Q3 25
$166.9M
$89.3M
Q2 25
$166.5M
$87.5M
Q1 25
$164.6M
$84.3M
Q4 24
$167.1M
$85.3M
Q3 24
$164.6M
$80.6M
Q2 24
$169.4M
$79.2M
Q1 24
$172.9M
$79.9M
Net Profit
ATNI
ATNI
FMBH
FMBH
Q4 25
$-6.8M
$23.7M
Q3 25
$3.9M
$22.5M
Q2 25
$-9.3M
$23.4M
Q1 25
$-11.4M
$22.2M
Q4 24
$4.2M
$19.2M
Q3 24
$-39.5M
$19.5M
Q2 24
$11.3M
$19.7M
Q1 24
$-7.9M
$20.5M
Operating Margin
ATNI
ATNI
FMBH
FMBH
Q4 25
9.3%
34.0%
Q3 25
5.9%
32.2%
Q2 25
0.1%
34.4%
Q1 25
1.6%
33.4%
Q4 24
5.2%
29.7%
Q3 24
-23.3%
31.5%
Q2 24
14.4%
33.7%
Q1 24
2.6%
33.7%
Net Margin
ATNI
ATNI
FMBH
FMBH
Q4 25
-4.0%
26.8%
Q3 25
2.4%
25.2%
Q2 25
-5.6%
26.8%
Q1 25
-6.9%
26.3%
Q4 24
2.5%
22.5%
Q3 24
-24.0%
24.2%
Q2 24
6.7%
24.9%
Q1 24
-4.6%
25.6%
EPS (diluted)
ATNI
ATNI
FMBH
FMBH
Q4 25
$-0.31
$0.98
Q3 25
$0.18
$0.94
Q2 25
$-0.56
$0.98
Q1 25
$-0.69
$0.93
Q4 24
$0.16
$0.81
Q3 24
$-2.26
$0.81
Q2 24
$0.50
$0.82
Q1 24
$-0.50
$0.86

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
FMBH
FMBH
Cash + ST InvestmentsLiquidity on hand
$102.9M
Total DebtLower is stronger
$565.2M
$354.5M
Stockholders' EquityBook value
$444.3M
$958.7M
Total Assets
$1.7B
$8.0B
Debt / EquityLower = less leverage
1.27×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
FMBH
FMBH
Q4 25
$102.9M
Q3 25
$106.6M
Q2 25
$99.4M
Q1 25
$83.8M
Q4 24
$73.7M
Q3 24
$101.0M
Q2 24
$59.2M
Q1 24
$56.8M
Total Debt
ATNI
ATNI
FMBH
FMBH
Q4 25
$565.2M
$354.5M
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
FMBH
FMBH
Q4 25
$444.3M
$958.7M
Q3 25
$452.3M
$932.2M
Q2 25
$458.7M
$894.1M
Q1 25
$473.3M
$870.9M
Q4 24
$489.5M
$846.4M
Q3 24
$490.8M
$858.5M
Q2 24
$526.8M
$813.6M
Q1 24
$530.0M
$798.0M
Total Assets
ATNI
ATNI
FMBH
FMBH
Q4 25
$1.7B
$8.0B
Q3 25
$1.7B
$7.8B
Q2 25
$1.7B
$7.7B
Q1 25
$1.7B
$7.6B
Q4 24
$1.7B
$7.5B
Q3 24
$1.8B
$7.6B
Q2 24
$1.8B
$7.6B
Q1 24
$1.8B
$7.7B
Debt / Equity
ATNI
ATNI
FMBH
FMBH
Q4 25
1.27×
0.37×
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
FMBH
FMBH
Operating Cash FlowLast quarter
$36.2M
$130.9M
Free Cash FlowOCF − Capex
$7.1M
$124.0M
FCF MarginFCF / Revenue
4.2%
140.6%
Capex IntensityCapex / Revenue
17.2%
7.8%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$43.9M
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
FMBH
FMBH
Q4 25
$36.2M
$130.9M
Q3 25
$37.8M
$33.0M
Q2 25
$23.9M
$7.7M
Q1 25
$35.9M
$47.9M
Q4 24
$30.5M
$124.4M
Q3 24
$39.0M
$33.1M
Q2 24
$35.2M
$24.0M
Q1 24
$23.2M
$29.0M
Free Cash Flow
ATNI
ATNI
FMBH
FMBH
Q4 25
$7.1M
$124.0M
Q3 25
$18.9M
$31.9M
Q2 25
$2.8M
$6.0M
Q1 25
$15.1M
$46.0M
Q4 24
$5.8M
$119.5M
Q3 24
$15.2M
$32.0M
Q2 24
$9.4M
$22.9M
Q1 24
$-12.8M
$27.6M
FCF Margin
ATNI
ATNI
FMBH
FMBH
Q4 25
4.2%
140.6%
Q3 25
11.3%
35.8%
Q2 25
1.7%
6.8%
Q1 25
9.2%
54.5%
Q4 24
3.5%
140.0%
Q3 24
9.2%
39.7%
Q2 24
5.6%
28.9%
Q1 24
-7.4%
34.5%
Capex Intensity
ATNI
ATNI
FMBH
FMBH
Q4 25
17.2%
7.8%
Q3 25
11.3%
1.2%
Q2 25
12.7%
2.0%
Q1 25
12.7%
2.3%
Q4 24
14.8%
5.8%
Q3 24
14.5%
1.4%
Q2 24
15.2%
1.4%
Q1 24
20.8%
1.9%
Cash Conversion
ATNI
ATNI
FMBH
FMBH
Q4 25
5.53×
Q3 25
9.62×
1.47×
Q2 25
0.33×
Q1 25
2.16×
Q4 24
7.24×
6.49×
Q3 24
1.70×
Q2 24
3.11×
1.21×
Q1 24
1.42×

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%

FMBH
FMBH

Segment breakdown not available.

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