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Side-by-side financial comparison of ATN International, Inc. (ATNI) and SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH). Click either name above to swap in a different company.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. is the larger business by last-quarter revenue ($331.3M vs $169.1M, roughly 2.0× ATN International, Inc.). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. runs the higher net margin — 0.0% vs -4.0%, a 4.0% gap on every dollar of revenue. On growth, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. posted the faster year-over-year revenue change (2.2% vs 1.2%). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. produced more free cash flow last quarter ($8.7M vs $7.1M). Over the past eight quarters, ATN International, Inc.'s revenue compounded faster (-1.1% CAGR vs -5.4%).

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.

Sportsman's Warehouse is an American outdoor sporting goods retailer which operates in 29 states across the United States. Sportsman's Warehouse sells apparel, footwear, and gear which caters to sportsmen and sportswomen with interests in hunting, shooting, reloading, camping, fishing, and other outdoor recreational activities.

ATNI vs SPWH — Head-to-Head

Bigger by revenue
SPWH
SPWH
2.0× larger
SPWH
$331.3M
$169.1M
ATNI
Growing faster (revenue YoY)
SPWH
SPWH
+1.0% gap
SPWH
2.2%
1.2%
ATNI
Higher net margin
SPWH
SPWH
4.0% more per $
SPWH
0.0%
-4.0%
ATNI
More free cash flow
SPWH
SPWH
$1.6M more FCF
SPWH
$8.7M
$7.1M
ATNI
Faster 2-yr revenue CAGR
ATNI
ATNI
Annualised
ATNI
-1.1%
-5.4%
SPWH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ATNI
ATNI
SPWH
SPWH
Revenue
$169.1M
$331.3M
Net Profit
$-6.8M
$8.0K
Gross Margin
32.8%
Operating Margin
9.3%
1.3%
Net Margin
-4.0%
0.0%
Revenue YoY
1.2%
2.2%
Net Profit YoY
-261.7%
-97.8%
EPS (diluted)
$-0.31
$0.00

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
SPWH
SPWH
Q4 25
$169.1M
$331.3M
Q3 25
$166.9M
$293.9M
Q2 25
$166.5M
$249.1M
Q1 25
$164.6M
$340.4M
Q4 24
$167.1M
$324.3M
Q3 24
$164.6M
$288.7M
Q2 24
$169.4M
$244.2M
Q1 24
$172.9M
$370.4M
Net Profit
ATNI
ATNI
SPWH
SPWH
Q4 25
$-6.8M
$8.0K
Q3 25
$3.9M
$-7.1M
Q2 25
$-9.3M
$-21.3M
Q1 25
$-11.4M
$-8.7M
Q4 24
$4.2M
$-364.0K
Q3 24
$-39.5M
$-5.9M
Q2 24
$11.3M
$-18.1M
Q1 24
$-7.9M
$-8.7M
Gross Margin
ATNI
ATNI
SPWH
SPWH
Q4 25
32.8%
Q3 25
32.0%
Q2 25
30.4%
Q1 25
30.4%
Q4 24
31.8%
Q3 24
31.2%
Q2 24
30.2%
Q1 24
26.8%
Operating Margin
ATNI
ATNI
SPWH
SPWH
Q4 25
9.3%
1.3%
Q3 25
5.9%
-1.1%
Q2 25
0.1%
-7.9%
Q1 25
1.6%
1.1%
Q4 24
5.2%
1.0%
Q3 24
-23.3%
-1.5%
Q2 24
14.4%
-8.4%
Q1 24
2.6%
-2.1%
Net Margin
ATNI
ATNI
SPWH
SPWH
Q4 25
-4.0%
0.0%
Q3 25
2.4%
-2.4%
Q2 25
-5.6%
-8.5%
Q1 25
-6.9%
-2.6%
Q4 24
2.5%
-0.1%
Q3 24
-24.0%
-2.0%
Q2 24
6.7%
-7.4%
Q1 24
-4.6%
-2.4%
EPS (diluted)
ATNI
ATNI
SPWH
SPWH
Q4 25
$-0.31
$0.00
Q3 25
$0.18
$-0.18
Q2 25
$-0.56
$-0.56
Q1 25
$-0.69
$-0.22
Q4 24
$0.16
$-0.01
Q3 24
$-2.26
$-0.16
Q2 24
$0.50
$-0.48
Q1 24
$-0.50
$-0.22

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
SPWH
SPWH
Cash + ST InvestmentsLiquidity on hand
$102.9M
$2.2M
Total DebtLower is stronger
$565.2M
$44.0M
Stockholders' EquityBook value
$444.3M
$209.5M
Total Assets
$1.7B
$913.9M
Debt / EquityLower = less leverage
1.27×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
SPWH
SPWH
Q4 25
$102.9M
$2.2M
Q3 25
$106.6M
$1.8M
Q2 25
$99.4M
$3.6M
Q1 25
$83.8M
$2.8M
Q4 24
$73.7M
$2.7M
Q3 24
$101.0M
$2.6M
Q2 24
$59.2M
$2.2M
Q1 24
$56.8M
$3.1M
Total Debt
ATNI
ATNI
SPWH
SPWH
Q4 25
$565.2M
$44.0M
Q3 25
$579.6M
$43.9M
Q2 25
$583.4M
$24.1M
Q1 25
$562.4M
$24.1M
Q4 24
$557.4M
$24.0M
Q3 24
$568.9M
$24.0M
Q2 24
$540.8M
Q1 24
$541.3M
Stockholders' Equity
ATNI
ATNI
SPWH
SPWH
Q4 25
$444.3M
$209.5M
Q3 25
$452.3M
$208.9M
Q2 25
$458.7M
$215.1M
Q1 25
$473.3M
$235.7M
Q4 24
$489.5M
$243.6M
Q3 24
$490.8M
$243.0M
Q2 24
$526.8M
$247.5M
Q1 24
$530.0M
$264.6M
Total Assets
ATNI
ATNI
SPWH
SPWH
Q4 25
$1.7B
$913.9M
Q3 25
$1.7B
$948.9M
Q2 25
$1.7B
$929.7M
Q1 25
$1.7B
$852.1M
Q4 24
$1.7B
$967.7M
Q3 24
$1.8B
$901.9M
Q2 24
$1.8B
$930.4M
Q1 24
$1.8B
$886.2M
Debt / Equity
ATNI
ATNI
SPWH
SPWH
Q4 25
1.27×
0.21×
Q3 25
1.28×
0.21×
Q2 25
1.27×
0.11×
Q1 25
1.19×
0.10×
Q4 24
1.14×
0.10×
Q3 24
1.16×
0.10×
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
SPWH
SPWH
Operating Cash FlowLast quarter
$36.2M
$16.3M
Free Cash FlowOCF − Capex
$7.1M
$8.7M
FCF MarginFCF / Revenue
4.2%
2.6%
Capex IntensityCapex / Revenue
17.2%
2.3%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$43.9M
$-39.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
SPWH
SPWH
Q4 25
$36.2M
$16.3M
Q3 25
$37.8M
$-26.6M
Q2 25
$23.9M
$-60.2M
Q1 25
$35.9M
$52.8M
Q4 24
$30.5M
$-2.5M
Q3 24
$39.0M
$18.5M
Q2 24
$35.2M
$-34.6M
Q1 24
$23.2M
$68.9M
Free Cash Flow
ATNI
ATNI
SPWH
SPWH
Q4 25
$7.1M
$8.7M
Q3 25
$18.9M
$-33.9M
Q2 25
$2.8M
$-64.0M
Q1 25
$15.1M
$49.6M
Q4 24
$5.8M
$-6.2M
Q3 24
$15.2M
$14.1M
Q2 24
$9.4M
$-38.0M
Q1 24
$-12.8M
$60.2M
FCF Margin
ATNI
ATNI
SPWH
SPWH
Q4 25
4.2%
2.6%
Q3 25
11.3%
-11.5%
Q2 25
1.7%
-25.7%
Q1 25
9.2%
14.6%
Q4 24
3.5%
-1.9%
Q3 24
9.2%
4.9%
Q2 24
5.6%
-15.5%
Q1 24
-7.4%
16.2%
Capex Intensity
ATNI
ATNI
SPWH
SPWH
Q4 25
17.2%
2.3%
Q3 25
11.3%
2.5%
Q2 25
12.7%
1.5%
Q1 25
12.7%
1.0%
Q4 24
14.8%
1.1%
Q3 24
14.5%
1.5%
Q2 24
15.2%
1.4%
Q1 24
20.8%
2.4%
Cash Conversion
ATNI
ATNI
SPWH
SPWH
Q4 25
2038.00×
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%

SPWH
SPWH

Segment breakdown not available.

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