15 years of revenue, profit, cash flow and balance-sheet history through FY2024,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.0% per year over the past 5 years.
Operating margin has expanded, at -2.6% in the latest year.
Financial health
Operating income covered interest expense -1.5× in the latest year, up from -3.5× 5 years ago.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 8.9% of free cash flow.
The dividend has grown 0.2% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2024
$188M
-$4M
0.0%
-2.6%
$5M
—
$36M
2023
$187M
-$171000
0.0%
0.8%
$3M
—
$28M
2022
$188M
$2M
0.0%
5.1%
$6M
—
$29M
2021
$200M
$4M
0.0%
-0.7%
$981000
—
$25M
2020
$195M
$12M
0.0%
5.9%
$9M
—
$19M
2019
$198M
-$386000
0.0%
-3.8%
-$2M
—
$13M
2018
$186M
-$704000
0.0%
-2.1%
$4M
—
$13M
2017
$181M
$5M
0.0%
-2.1%
$12M
—
$25M
2016
$166M
$3M
0.0%
0.6%
$920000
—
$13M
2015
$166M
$4M
0.0%
0.5%
—
—
$16M
2014
$166M
$4M
0.0%
1.6%
—
—
$16M
2013
$165M
$11M
0.0%
1.5%
$12M
—
$33M
2012
$140M
$4M
0.0%
2.6%
$6M
—
$19M
2011
$118M
$3M
0.0%
2.8%
$9M
—
$21M
2010
$107M
$990000
0.0%
0.6%
$5M
—
$28M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Sep '25
$54M
$577000
0.0%
0.0%
$7M
—
$34M
Jun '25
$55M
$3M
0.0%
0.0%
$9M
—
$46M
Mar '25
$50M
$802000
0.0%
0.0%
-$986000
—
$36M
Dec '24
$49M
$412000
0.0%
0.0%
$10M
—
$36M
Sep '24
$45M
-$2M
0.0%
0.0%
$58000
—
$23M
Jun '24
$48M
-$684000
0.0%
0.0%
$361000
—
$21M
Mar '24
$47M
-$2M
0.0%
0.0%
-$5M
—
$21M
Dec '23
$47M
-$2M
0.0%
0.0%
$6M
—
$28M
Sep '23
$45M
$2M
0.0%
0.0%
$1M
—
$24M
Jun '23
$49M
$2M
0.0%
0.0%
$7M
—
$24M
Mar '23
$46M
-$1M
0.0%
0.0%
-$12M
—
$14M
Dec '22
$45M
$1M
0.0%
0.0%
$9M
—
$29M
Sep '22
$46M
-$684000
0.0%
0.0%
$2M
—
$22M
Jun '22
$45M
-$2M
0.0%
0.0%
$4M
—
$16M
Mar '22
$52M
$3M
0.0%
0.0%
-$8M
—
$16M
Dec '21
$50M
$3M
0.0%
0.0%
$11M
—
$25M
Sep '21
$49M
-$915000
0.0%
0.0%
$4M
—
$14M
Jun '21
$51M
$3M
0.0%
0.0%
-$8M
—
$10M
Mar '21
$49M
-$431000
0.0%
0.0%
-$6M
—
$20M
Dec '20
$60M
$12M
0.0%
0.0%
$10M
—
$19M
Valuation over time
How the market has priced AAME against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 33.2× (Mar '23) to 32.6× (Dec '23).
The price-to-sales ratio has fallen from 0.3× (Mar '23) to 0.2× (Jun '26).
The dividend yield has risen from 0.8% (Mar '23) to 1.2% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is AAME growing its revenue and profit?
Over the past 5 years, ATLANTIC AMERICAN CORP's revenue has declined 1.0% per year. These are computed facts, not advice.
How much debt does AAME have?
As of FY2024, ATLANTIC AMERICAN CORP reported — of total debt against $36M of cash; operating income covered interest expense -1.5×.
What is AAME's profit margin?
In FY2024, gross margin was —, operating margin -2.6%, and net margin -2.3%.
What is AAME's P/E ratio?
As of Jun '26, ATLANTIC AMERICAN CORP traded at a price-to-earnings ratio of about 32.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.