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

Lumen Technologies, Inc. is the larger business by last-quarter revenue ($2.7B vs $169.1M, roughly 16.2× ATN International, Inc.). Lumen Technologies, Inc. runs the higher net margin — -0.1% vs -4.0%, a 4.0% gap on every dollar of revenue. On growth, ATN International, Inc. posted the faster year-over-year revenue change (1.2% vs -11.0%). ATN International, Inc. produced more free cash flow last quarter ($7.1M vs $-1.1B). Over the past eight quarters, ATN International, Inc.'s revenue compounded faster (-1.1% CAGR vs -5.3%).

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.

Lumen Technologies, Inc. is an American telecommunications company headquartered in Monroe, Louisiana. It offers network, security, cloud, voice, and other managed communications services through its fiber optic and copper networks, data centers and cloud computing services. The company has been included in the S&P 600 index since March 2023, and was previously listed among the S&P 500.

ATNI vs LUMN — Head-to-Head

Bigger by revenue
LUMN
LUMN
16.2× larger
LUMN
$2.7B
$169.1M
ATNI
Growing faster (revenue YoY)
ATNI
ATNI
+12.1% gap
ATNI
1.2%
-11.0%
LUMN
Higher net margin
LUMN
LUMN
4.0% more per $
LUMN
-0.1%
-4.0%
ATNI
More free cash flow
ATNI
ATNI
$1.1B more FCF
ATNI
$7.1M
$-1.1B
LUMN
Faster 2-yr revenue CAGR
ATNI
ATNI
Annualised
ATNI
-1.1%
-5.3%
LUMN

Income Statement — Q4 2025 vs Q4 2025

Metric
ATNI
ATNI
LUMN
LUMN
Revenue
$169.1M
$2.7B
Net Profit
$-6.8M
$-2.0M
Gross Margin
40.7%
Operating Margin
9.3%
-7.3%
Net Margin
-4.0%
-0.1%
Revenue YoY
1.2%
-11.0%
Net Profit YoY
-261.7%
-102.4%
EPS (diluted)
$-0.31
$-0.01

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
LUMN
LUMN
Q4 25
$169.1M
$2.7B
Q3 25
$166.9M
$2.8B
Q2 25
$166.5M
$2.9B
Q1 25
$164.6M
$2.9B
Q4 24
$167.1M
$3.1B
Q3 24
$164.6M
$3.0B
Q2 24
$169.4M
$3.0B
Q1 24
$172.9M
$3.1B
Net Profit
ATNI
ATNI
LUMN
LUMN
Q4 25
$-6.8M
$-2.0M
Q3 25
$3.9M
$-621.0M
Q2 25
$-9.3M
$-915.0M
Q1 25
$-11.4M
$-201.0M
Q4 24
$4.2M
$85.0M
Q3 24
$-39.5M
$-148.0M
Q2 24
$11.3M
$-49.0M
Q1 24
$-7.9M
$57.0M
Gross Margin
ATNI
ATNI
LUMN
LUMN
Q4 25
40.7%
Q3 25
39.4%
Q2 25
43.4%
Q1 25
42.0%
Q4 24
44.7%
Q3 24
43.0%
Q2 24
45.2%
Q1 24
46.0%
Operating Margin
ATNI
ATNI
LUMN
LUMN
Q4 25
9.3%
-7.3%
Q3 25
5.9%
-4.1%
Q2 25
0.1%
-21.0%
Q1 25
1.6%
3.7%
Q4 24
5.2%
5.0%
Q3 24
-23.3%
4.2%
Q2 24
14.4%
4.5%
Q1 24
2.6%
1.5%
Net Margin
ATNI
ATNI
LUMN
LUMN
Q4 25
-4.0%
-0.1%
Q3 25
2.4%
-22.1%
Q2 25
-5.6%
-31.9%
Q1 25
-6.9%
-6.9%
Q4 24
2.5%
2.8%
Q3 24
-24.0%
-5.0%
Q2 24
6.7%
-1.6%
Q1 24
-4.6%
1.9%
EPS (diluted)
ATNI
ATNI
LUMN
LUMN
Q4 25
$-0.31
$-0.01
Q3 25
$0.18
$-0.62
Q2 25
$-0.56
$-0.92
Q1 25
$-0.69
$-0.20
Q4 24
$0.16
$0.08
Q3 24
$-2.26
$-0.15
Q2 24
$0.50
$-0.05
Q1 24
$-0.50
$0.06

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
LUMN
LUMN
Cash + ST InvestmentsLiquidity on hand
$102.9M
$1.0B
Total DebtLower is stronger
$565.2M
$17.4B
Stockholders' EquityBook value
$444.3M
$-1.1B
Total Assets
$1.7B
$34.3B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
LUMN
LUMN
Q4 25
$102.9M
$1.0B
Q3 25
$106.6M
$2.4B
Q2 25
$99.4M
$1.6B
Q1 25
$83.8M
$1.9B
Q4 24
$73.7M
$1.9B
Q3 24
$101.0M
$2.6B
Q2 24
$59.2M
$1.5B
Q1 24
$56.8M
$1.6B
Total Debt
ATNI
ATNI
LUMN
LUMN
Q4 25
$565.2M
$17.4B
Q3 25
$579.6M
$17.6B
Q2 25
$583.4M
$17.6B
Q1 25
$562.4M
$17.3B
Q4 24
$557.4M
$17.5B
Q3 24
$568.9M
$18.1B
Q2 24
$540.8M
$18.4B
Q1 24
$541.3M
$18.6B
Stockholders' Equity
ATNI
ATNI
LUMN
LUMN
Q4 25
$444.3M
$-1.1B
Q3 25
$452.3M
$-1.2B
Q2 25
$458.7M
$-595.0M
Q1 25
$473.3M
$289.0M
Q4 24
$489.5M
$464.0M
Q3 24
$490.8M
$342.0M
Q2 24
$526.8M
$466.0M
Q1 24
$530.0M
$504.0M
Total Assets
ATNI
ATNI
LUMN
LUMN
Q4 25
$1.7B
$34.3B
Q3 25
$1.7B
$34.3B
Q2 25
$1.7B
$33.0B
Q1 25
$1.7B
$33.5B
Q4 24
$1.7B
$33.5B
Q3 24
$1.8B
$34.0B
Q2 24
$1.8B
$32.9B
Q1 24
$1.8B
$33.2B
Debt / Equity
ATNI
ATNI
LUMN
LUMN
Q4 25
1.27×
Q3 25
1.28×
Q2 25
1.27×
Q1 25
1.19×
59.98×
Q4 24
1.14×
37.70×
Q3 24
1.16×
53.05×
Q2 24
1.03×
39.51×
Q1 24
1.02×
36.89×

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
LUMN
LUMN
Operating Cash FlowLast quarter
$36.2M
$562.0M
Free Cash FlowOCF − Capex
$7.1M
$-1.1B
FCF MarginFCF / Revenue
4.2%
-39.4%
Capex IntensityCapex / Revenue
17.2%
59.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.9M
$371.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
LUMN
LUMN
Q4 25
$36.2M
$562.0M
Q3 25
$37.8M
$2.5B
Q2 25
$23.9M
$570.0M
Q1 25
$35.9M
$1.1B
Q4 24
$30.5M
$688.0M
Q3 24
$39.0M
$2.0B
Q2 24
$35.2M
$511.0M
Q1 24
$23.2M
$1.1B
Free Cash Flow
ATNI
ATNI
LUMN
LUMN
Q4 25
$7.1M
$-1.1B
Q3 25
$18.9M
$1.5B
Q2 25
$2.8M
$-321.0M
Q1 25
$15.1M
$304.0M
Q4 24
$5.8M
$-227.0M
Q3 24
$15.2M
$1.2B
Q2 24
$9.4M
$-242.0M
Q1 24
$-12.8M
$389.0M
FCF Margin
ATNI
ATNI
LUMN
LUMN
Q4 25
4.2%
-39.4%
Q3 25
11.3%
52.4%
Q2 25
1.7%
-11.2%
Q1 25
9.2%
10.4%
Q4 24
3.5%
-7.4%
Q3 24
9.2%
39.8%
Q2 24
5.6%
-8.0%
Q1 24
-7.4%
12.7%
Capex Intensity
ATNI
ATNI
LUMN
LUMN
Q4 25
17.2%
59.9%
Q3 25
11.3%
37.1%
Q2 25
12.7%
31.1%
Q1 25
12.7%
27.2%
Q4 24
14.8%
29.7%
Q3 24
14.5%
28.6%
Q2 24
15.2%
25.0%
Q1 24
20.8%
23.3%
Cash Conversion
ATNI
ATNI
LUMN
LUMN
Q4 25
Q3 25
9.62×
Q2 25
Q1 25
Q4 24
7.24×
8.09×
Q3 24
Q2 24
3.11×
Q1 24
19.33×

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%

LUMN
LUMN

Large Enterprise$758.0M28%
Wholesale$661.0M24%
Mid Market Enterprise$472.0M17%
Fiber Broadband$232.0M8%
Other Broadband$218.0M8%
Other$184.0M7%
Voice And Other$166.0M6%
International And Other$77.0M3%

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