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

Ultragenyx Pharmaceutical Inc. is the larger business by last-quarter revenue ($207.3M vs $169.1M, roughly 1.2× ATN International, Inc.). ATN International, Inc. runs the higher net margin — -4.0% vs -62.0%, a 58.0% gap on every dollar of revenue. On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% vs 1.2%). ATN International, Inc. produced more free cash flow last quarter ($7.1M vs $-100.8M). Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% 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.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

ATNI vs RARE — Head-to-Head

Bigger by revenue
RARE
RARE
1.2× larger
RARE
$207.3M
$169.1M
ATNI
Growing faster (revenue YoY)
RARE
RARE
+24.7% gap
RARE
25.9%
1.2%
ATNI
Higher net margin
ATNI
ATNI
58.0% more per $
ATNI
-4.0%
-62.0%
RARE
More free cash flow
ATNI
ATNI
$107.9M more FCF
ATNI
$7.1M
$-100.8M
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
-1.1%
ATNI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATNI
ATNI
RARE
RARE
Revenue
$169.1M
$207.3M
Net Profit
$-6.8M
$-128.6M
Gross Margin
Operating Margin
9.3%
-54.7%
Net Margin
-4.0%
-62.0%
Revenue YoY
1.2%
25.9%
Net Profit YoY
-261.7%
3.5%
EPS (diluted)
$-0.31
$-1.28

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
RARE
RARE
Q4 25
$169.1M
$207.3M
Q3 25
$166.9M
$159.9M
Q2 25
$166.5M
$166.5M
Q1 25
$164.6M
$139.3M
Q4 24
$167.1M
$164.6M
Q3 24
$164.6M
$139.5M
Q2 24
$169.4M
$147.0M
Q1 24
$172.9M
$108.8M
Net Profit
ATNI
ATNI
RARE
RARE
Q4 25
$-6.8M
$-128.6M
Q3 25
$3.9M
$-180.4M
Q2 25
$-9.3M
$-115.0M
Q1 25
$-11.4M
$-151.1M
Q4 24
$4.2M
$-133.2M
Q3 24
$-39.5M
$-133.5M
Q2 24
$11.3M
$-131.6M
Q1 24
$-7.9M
$-170.7M
Operating Margin
ATNI
ATNI
RARE
RARE
Q4 25
9.3%
-54.7%
Q3 25
5.9%
-106.9%
Q2 25
0.1%
-64.8%
Q1 25
1.6%
-102.6%
Q4 24
5.2%
-74.3%
Q3 24
-23.3%
-94.6%
Q2 24
14.4%
-79.1%
Q1 24
2.6%
-151.9%
Net Margin
ATNI
ATNI
RARE
RARE
Q4 25
-4.0%
-62.0%
Q3 25
2.4%
-112.8%
Q2 25
-5.6%
-69.0%
Q1 25
-6.9%
-108.5%
Q4 24
2.5%
-80.9%
Q3 24
-24.0%
-95.7%
Q2 24
6.7%
-89.5%
Q1 24
-4.6%
-156.8%
EPS (diluted)
ATNI
ATNI
RARE
RARE
Q4 25
$-0.31
$-1.28
Q3 25
$0.18
$-1.81
Q2 25
$-0.56
$-1.17
Q1 25
$-0.69
$-1.57
Q4 24
$0.16
$-1.34
Q3 24
$-2.26
$-1.40
Q2 24
$0.50
$-1.52
Q1 24
$-0.50
$-2.03

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$102.9M
$421.0M
Total DebtLower is stronger
$565.2M
Stockholders' EquityBook value
$444.3M
$-80.0M
Total Assets
$1.7B
$1.5B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
RARE
RARE
Q4 25
$102.9M
$421.0M
Q3 25
$106.6M
$202.5M
Q2 25
$99.4M
$176.3M
Q1 25
$83.8M
$127.1M
Q4 24
$73.7M
$174.0M
Q3 24
$101.0M
$150.6M
Q2 24
$59.2M
$480.7M
Q1 24
$56.8M
$112.3M
Total Debt
ATNI
ATNI
RARE
RARE
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
RARE
RARE
Q4 25
$444.3M
$-80.0M
Q3 25
$452.3M
$9.2M
Q2 25
$458.7M
$151.3M
Q1 25
$473.3M
$144.2M
Q4 24
$489.5M
$255.0M
Q3 24
$490.8M
$346.8M
Q2 24
$526.8M
$432.4M
Q1 24
$530.0M
$140.3M
Total Assets
ATNI
ATNI
RARE
RARE
Q4 25
$1.7B
$1.5B
Q3 25
$1.7B
$1.2B
Q2 25
$1.7B
$1.3B
Q1 25
$1.7B
$1.3B
Q4 24
$1.7B
$1.5B
Q3 24
$1.8B
$1.5B
Q2 24
$1.8B
$1.6B
Q1 24
$1.8B
$1.3B
Debt / Equity
ATNI
ATNI
RARE
RARE
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
RARE
RARE
Operating Cash FlowLast quarter
$36.2M
$-99.8M
Free Cash FlowOCF − Capex
$7.1M
$-100.8M
FCF MarginFCF / Revenue
4.2%
-48.6%
Capex IntensityCapex / Revenue
17.2%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.9M
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
RARE
RARE
Q4 25
$36.2M
$-99.8M
Q3 25
$37.8M
$-91.4M
Q2 25
$23.9M
$-108.3M
Q1 25
$35.9M
$-166.5M
Q4 24
$30.5M
$-79.3M
Q3 24
$39.0M
$-67.0M
Q2 24
$35.2M
$-77.0M
Q1 24
$23.2M
$-190.7M
Free Cash Flow
ATNI
ATNI
RARE
RARE
Q4 25
$7.1M
$-100.8M
Q3 25
$18.9M
$-92.7M
Q2 25
$2.8M
$-110.7M
Q1 25
$15.1M
$-167.8M
Q4 24
$5.8M
$-79.5M
Q3 24
$15.2M
$-68.6M
Q2 24
$9.4M
$-79.0M
Q1 24
$-12.8M
$-193.9M
FCF Margin
ATNI
ATNI
RARE
RARE
Q4 25
4.2%
-48.6%
Q3 25
11.3%
-58.0%
Q2 25
1.7%
-66.5%
Q1 25
9.2%
-120.5%
Q4 24
3.5%
-48.3%
Q3 24
9.2%
-49.2%
Q2 24
5.6%
-53.7%
Q1 24
-7.4%
-178.2%
Capex Intensity
ATNI
ATNI
RARE
RARE
Q4 25
17.2%
0.5%
Q3 25
11.3%
0.8%
Q2 25
12.7%
1.5%
Q1 25
12.7%
1.0%
Q4 24
14.8%
0.1%
Q3 24
14.5%
1.2%
Q2 24
15.2%
1.4%
Q1 24
20.8%
3.0%
Cash Conversion
ATNI
ATNI
RARE
RARE
Q4 25
Q3 25
9.62×
Q2 25
Q1 25
Q4 24
7.24×
Q3 24
Q2 24
3.11×
Q1 24

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%

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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