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

Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $169.1M, roughly 1.1× ATN International, Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs -4.0%, a 20.3% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 1.2%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

ATNI vs WING — Head-to-Head

Bigger by revenue
WING
WING
1.1× larger
WING
$183.7M
$169.1M
ATNI
Growing faster (revenue YoY)
WING
WING
+6.2% gap
WING
7.4%
1.2%
ATNI
Higher net margin
WING
WING
20.3% more per $
WING
16.3%
-4.0%
ATNI
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
-1.1%
ATNI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ATNI
ATNI
WING
WING
Revenue
$169.1M
$183.7M
Net Profit
$-6.8M
$29.9M
Gross Margin
86.5%
Operating Margin
9.3%
27.4%
Net Margin
-4.0%
16.3%
Revenue YoY
1.2%
7.4%
Net Profit YoY
-261.7%
EPS (diluted)
$-0.31
$1.08

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
WING
WING
Q1 26
$183.7M
Q4 25
$169.1M
$175.7M
Q3 25
$166.9M
$175.7M
Q2 25
$166.5M
$174.3M
Q1 25
$164.6M
$171.1M
Q4 24
$167.1M
$161.8M
Q3 24
$164.6M
$162.5M
Q2 24
$169.4M
$155.7M
Net Profit
ATNI
ATNI
WING
WING
Q1 26
$29.9M
Q4 25
$-6.8M
$26.8M
Q3 25
$3.9M
$28.5M
Q2 25
$-9.3M
$26.8M
Q1 25
$-11.4M
$92.3M
Q4 24
$4.2M
$26.8M
Q3 24
$-39.5M
$25.7M
Q2 24
$11.3M
$27.5M
Gross Margin
ATNI
ATNI
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
ATNI
ATNI
WING
WING
Q1 26
27.4%
Q4 25
9.3%
26.7%
Q3 25
5.9%
27.9%
Q2 25
0.1%
25.9%
Q1 25
1.6%
22.4%
Q4 24
5.2%
25.9%
Q3 24
-23.3%
24.5%
Q2 24
14.4%
26.5%
Net Margin
ATNI
ATNI
WING
WING
Q1 26
16.3%
Q4 25
-4.0%
15.2%
Q3 25
2.4%
16.2%
Q2 25
-5.6%
15.4%
Q1 25
-6.9%
53.9%
Q4 24
2.5%
16.5%
Q3 24
-24.0%
15.8%
Q2 24
6.7%
17.7%
EPS (diluted)
ATNI
ATNI
WING
WING
Q1 26
$1.08
Q4 25
$-0.31
$0.99
Q3 25
$0.18
$1.02
Q2 25
$-0.56
$0.96
Q1 25
$-0.69
$3.24
Q4 24
$0.16
$0.91
Q3 24
$-2.26
$0.88
Q2 24
$0.50
$0.93

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
WING
WING
Cash + ST InvestmentsLiquidity on hand
$102.9M
$128.8M
Total DebtLower is stronger
$565.2M
Stockholders' EquityBook value
$444.3M
Total Assets
$1.7B
$648.9M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
WING
WING
Q1 26
$128.8M
Q4 25
$102.9M
$196.6M
Q3 25
$106.6M
$237.6M
Q2 25
$99.4M
$227.9M
Q1 25
$83.8M
$251.4M
Q4 24
$73.7M
$315.9M
Q3 24
$101.0M
$84.0M
Q2 24
$59.2M
$96.7M
Total Debt
ATNI
ATNI
WING
WING
Q1 26
Q4 25
$565.2M
$1.2B
Q3 25
$579.6M
Q2 25
$583.4M
Q1 25
$562.4M
Q4 24
$557.4M
$1.2B
Q3 24
$568.9M
Q2 24
$540.8M
Stockholders' Equity
ATNI
ATNI
WING
WING
Q1 26
Q4 25
$444.3M
$-736.8M
Q3 25
$452.3M
$-702.6M
Q2 25
$458.7M
$-686.0M
Q1 25
$473.3M
$-715.0M
Q4 24
$489.5M
$-675.6M
Q3 24
$490.8M
$-447.5M
Q2 24
$526.8M
$-437.5M
Total Assets
ATNI
ATNI
WING
WING
Q1 26
$648.9M
Q4 25
$1.7B
$693.4M
Q3 25
$1.7B
$721.0M
Q2 25
$1.7B
$708.3M
Q1 25
$1.7B
$696.8M
Q4 24
$1.7B
$716.2M
Q3 24
$1.8B
$484.8M
Q2 24
$1.8B
$451.8M
Debt / Equity
ATNI
ATNI
WING
WING
Q1 26
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×

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
WING
WING
Operating Cash FlowLast quarter
$36.2M
Free Cash FlowOCF − Capex
$7.1M
FCF MarginFCF / Revenue
4.2%
Capex IntensityCapex / Revenue
17.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
WING
WING
Q1 26
Q4 25
$36.2M
$57.3M
Q3 25
$37.8M
$63.9M
Q2 25
$23.9M
$6.6M
Q1 25
$35.9M
$25.3M
Q4 24
$30.5M
$7.7M
Q3 24
$39.0M
$69.0M
Q2 24
$35.2M
$36.2M
Free Cash Flow
ATNI
ATNI
WING
WING
Q1 26
Q4 25
$7.1M
$34.5M
Q3 25
$18.9M
$61.7M
Q2 25
$2.8M
$-7.8M
Q1 25
$15.1M
$17.3M
Q4 24
$5.8M
$-8.6M
Q3 24
$15.2M
$54.9M
Q2 24
$9.4M
$25.9M
FCF Margin
ATNI
ATNI
WING
WING
Q1 26
Q4 25
4.2%
19.6%
Q3 25
11.3%
35.1%
Q2 25
1.7%
-4.5%
Q1 25
9.2%
10.1%
Q4 24
3.5%
-5.3%
Q3 24
9.2%
33.8%
Q2 24
5.6%
16.6%
Capex Intensity
ATNI
ATNI
WING
WING
Q1 26
Q4 25
17.2%
13.0%
Q3 25
11.3%
1.3%
Q2 25
12.7%
8.2%
Q1 25
12.7%
4.7%
Q4 24
14.8%
10.1%
Q3 24
14.5%
8.7%
Q2 24
15.2%
6.6%
Cash Conversion
ATNI
ATNI
WING
WING
Q1 26
Q4 25
2.14×
Q3 25
9.62×
2.24×
Q2 25
0.25×
Q1 25
0.27×
Q4 24
7.24×
0.29×
Q3 24
2.68×
Q2 24
3.11×
1.32×

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%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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