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

ATN International, Inc. is the larger business by last-quarter revenue ($169.1M vs $127.1M, roughly 1.3× Zai Lab Ltd). On growth, Zai Lab Ltd posted the faster year-over-year revenue change (17.1% vs 1.2%). ATN International, Inc. produced more free cash flow last quarter ($7.1M vs $-26.7M). Over the past eight quarters, Zai Lab Ltd's revenue compounded faster (20.8% 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.

Zai Lab Ltd is a global biopharmaceutical company focused on developing, manufacturing and commercializing innovative therapies for oncology, autoimmune disorders, infectious diseases and other unmet medical needs. It operates primarily in the Greater China region and partners with leading global biotech firms to expand access to life-saving treatments for underserved patient populations.

ATNI vs ZLAB — Head-to-Head

Bigger by revenue
ATNI
ATNI
1.3× larger
ATNI
$169.1M
$127.1M
ZLAB
Growing faster (revenue YoY)
ZLAB
ZLAB
+15.9% gap
ZLAB
17.1%
1.2%
ATNI
More free cash flow
ATNI
ATNI
$33.8M more FCF
ATNI
$7.1M
$-26.7M
ZLAB
Faster 2-yr revenue CAGR
ZLAB
ZLAB
Annualised
ZLAB
20.8%
-1.1%
ATNI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATNI
ATNI
ZLAB
ZLAB
Revenue
$169.1M
$127.1M
Net Profit
$-6.8M
Gross Margin
51.0%
Operating Margin
9.3%
-54.6%
Net Margin
-4.0%
Revenue YoY
1.2%
17.1%
Net Profit YoY
-261.7%
EPS (diluted)
$-0.31
$-0.05

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
ZLAB
ZLAB
Q4 25
$169.1M
$127.1M
Q3 25
$166.9M
$115.4M
Q2 25
$166.5M
$109.1M
Q1 25
$164.6M
$105.7M
Q4 24
$167.1M
$108.5M
Q3 24
$164.6M
$101.8M
Q2 24
$169.4M
$100.1M
Q1 24
$172.9M
$87.1M
Net Profit
ATNI
ATNI
ZLAB
ZLAB
Q4 25
$-6.8M
Q3 25
$3.9M
$-36.0M
Q2 25
$-9.3M
$-40.7M
Q1 25
$-11.4M
$-48.4M
Q4 24
$4.2M
Q3 24
$-39.5M
$-41.7M
Q2 24
$11.3M
$-80.3M
Q1 24
$-7.9M
$-53.5M
Gross Margin
ATNI
ATNI
ZLAB
ZLAB
Q4 25
51.0%
Q3 25
59.5%
Q2 25
60.6%
Q1 25
63.6%
Q4 24
61.5%
Q3 24
64.1%
Q2 24
64.9%
Q1 24
61.4%
Operating Margin
ATNI
ATNI
ZLAB
ZLAB
Q4 25
9.3%
-54.6%
Q3 25
5.9%
-42.3%
Q2 25
0.1%
-50.3%
Q1 25
1.6%
-53.3%
Q4 24
5.2%
-62.6%
Q3 24
-23.3%
-66.6%
Q2 24
14.4%
-76.0%
Q1 24
2.6%
-80.7%
Net Margin
ATNI
ATNI
ZLAB
ZLAB
Q4 25
-4.0%
Q3 25
2.4%
-31.2%
Q2 25
-5.6%
-37.3%
Q1 25
-6.9%
-45.8%
Q4 24
2.5%
Q3 24
-24.0%
-40.9%
Q2 24
6.7%
-80.2%
Q1 24
-4.6%
-61.4%
EPS (diluted)
ATNI
ATNI
ZLAB
ZLAB
Q4 25
$-0.31
$-0.05
Q3 25
$0.18
$-0.03
Q2 25
$-0.56
$-0.04
Q1 25
$-0.69
$-0.04
Q4 24
$0.16
$-0.09
Q3 24
$-2.26
$-0.04
Q2 24
$0.50
$-0.08
Q1 24
$-0.50
$-0.05

Balance Sheet & Financial Strength

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

Metric
ATNI
ATNI
ZLAB
ZLAB
Cash + ST InvestmentsLiquidity on hand
$102.9M
$689.6M
Total DebtLower is stronger
$565.2M
Stockholders' EquityBook value
$444.3M
$715.5M
Total Assets
$1.7B
$1.2B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATNI
ATNI
ZLAB
ZLAB
Q4 25
$102.9M
$689.6M
Q3 25
$106.6M
$717.2M
Q2 25
$99.4M
$732.2M
Q1 25
$83.8M
$757.3M
Q4 24
$73.7M
$779.7M
Q3 24
$101.0M
$616.1M
Q2 24
$59.2M
$630.0M
Q1 24
$56.8M
$650.8M
Total Debt
ATNI
ATNI
ZLAB
ZLAB
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
ZLAB
ZLAB
Q4 25
$444.3M
$715.5M
Q3 25
$452.3M
$759.9M
Q2 25
$458.7M
$791.7M
Q1 25
$473.3M
$810.8M
Q4 24
$489.5M
$840.9M
Q3 24
$490.8M
$667.7M
Q2 24
$526.8M
$704.2M
Q1 24
$530.0M
$762.2M
Total Assets
ATNI
ATNI
ZLAB
ZLAB
Q4 25
$1.7B
$1.2B
Q3 25
$1.7B
$1.2B
Q2 25
$1.7B
$1.2B
Q1 25
$1.7B
$1.2B
Q4 24
$1.7B
$1.2B
Q3 24
$1.8B
$985.3M
Q2 24
$1.8B
$987.4M
Q1 24
$1.8B
$988.4M
Debt / Equity
ATNI
ATNI
ZLAB
ZLAB
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
ZLAB
ZLAB
Operating Cash FlowLast quarter
$36.2M
$-26.0M
Free Cash FlowOCF − Capex
$7.1M
$-26.7M
FCF MarginFCF / Revenue
4.2%
-21.0%
Capex IntensityCapex / Revenue
17.2%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.9M
$-158.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATNI
ATNI
ZLAB
ZLAB
Q4 25
$36.2M
$-26.0M
Q3 25
$37.8M
$-32.0M
Q2 25
$23.9M
$-31.0M
Q1 25
$35.9M
$-61.7M
Q4 24
$30.5M
$-55.8M
Q3 24
$39.0M
$-26.8M
Q2 24
$35.2M
$-42.2M
Q1 24
$23.2M
$-90.1M
Free Cash Flow
ATNI
ATNI
ZLAB
ZLAB
Q4 25
$7.1M
$-26.7M
Q3 25
$18.9M
$-35.0M
Q2 25
$2.8M
$-33.9M
Q1 25
$15.1M
$-63.2M
Q4 24
$5.8M
$-58.4M
Q3 24
$15.2M
$-28.2M
Q2 24
$9.4M
$-42.9M
Q1 24
$-12.8M
$-91.1M
FCF Margin
ATNI
ATNI
ZLAB
ZLAB
Q4 25
4.2%
-21.0%
Q3 25
11.3%
-30.4%
Q2 25
1.7%
-31.1%
Q1 25
9.2%
-59.9%
Q4 24
3.5%
-53.8%
Q3 24
9.2%
-27.7%
Q2 24
5.6%
-42.9%
Q1 24
-7.4%
-104.5%
Capex Intensity
ATNI
ATNI
ZLAB
ZLAB
Q4 25
17.2%
0.5%
Q3 25
11.3%
2.6%
Q2 25
12.7%
2.6%
Q1 25
12.7%
1.5%
Q4 24
14.8%
2.4%
Q3 24
14.5%
1.3%
Q2 24
15.2%
0.7%
Q1 24
20.8%
1.1%
Cash Conversion
ATNI
ATNI
ZLAB
ZLAB
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%

ZLAB
ZLAB

Zejula$56.0M44%
Other$21.9M17%
Nuzyra$16.0M13%
Optune$11.9M9%
XACDURO$10.7M8%
Qinlock$9.7M8%
AUGTYRO$836.0K1%

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