15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Free cash flow has declined 6.2% per year over the past 5 years.
Financial health
The company holds more cash ($127M) than total debt ($18M).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 37.4% of earnings and 34.4% of free cash flow.
The dividend has declined 4.7% per year over the past 5 years.
Net income
Net income
Return on equity & assets (ROE / ROA)
ROEROA
Shareholders' equity (book value)
Equity
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
ROE
ROA
FCF
Total debt
Cash
2025
—
$19M
—
—
9.2%
0.9%
$21M
$18M
$127M
2024
—
$10M
—
—
5.8%
0.5%
$14M
$20M
$101M
2023
—
$11M
—
—
6.5%
0.5%
$14M
$3M
$55M
2022
—
$19M
—
—
12.9%
0.9%
$18M
—
$28M
2021
—
$24M
—
—
11.5%
1.1%
$29M
—
$89M
2020
—
$19M
—
—
9.0%
1.0%
$28M
—
$173M
2019
—
$17M
—
—
9.2%
1.0%
$19M
—
$35M
2018
—
$17M
—
—
9.8%
1.2%
$20M
—
$30M
2017
—
$14M
—
—
8.0%
1.0%
$18M
$13M
$26M
2016
—
$16M
—
—
9.5%
1.2%
$21M
$13M
$29M
2015
—
$15M
—
—
9.3%
1.1%
$20M
$13M
$24M
2014
—
$15M
—
—
9.9%
1.2%
$18M
$23M
$24M
2013
—
$14M
—
—
9.8%
1.1%
$23M
$20M
$24M
2012
—
$14M
—
—
9.8%
1.2%
$21M
$20M
$35M
2011
—
$14M
—
—
10.3%
1.3%
$21M
$20M
$23M
Net income
Net income
Return on equity & assets (ROE / ROA)
ROEROA
Shareholders' equity (book value)
Equity
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
—
$6M
—
—
2.8%
0.3%
$3M
—
$107M
Mar '26
—
$6M
—
—
2.9%
0.3%
$8M
—
$118M
Dec '25
—
$7M
—
—
3.1%
0.3%
$7M
$18M
$127M
Sep '25
—
$5M
—
—
2.3%
0.2%
$3M
—
$108M
Jun '25
—
$5M
—
—
2.3%
0.2%
$4M
—
$95M
Mar '25
—
$3M
—
—
1.9%
0.2%
$7M
—
$163M
Dec '24
—
$4M
—
—
2.0%
0.2%
$6M
$20M
$101M
Sep '24
—
$2M
—
—
1.2%
0.1%
$3M
—
$59M
Jun '24
—
$2M
—
—
1.3%
0.1%
$4M
—
$63M
Mar '24
—
$2M
—
—
1.4%
0.1%
$1M
—
$111M
Dec '23
—
$2M
—
—
1.3%
0.1%
$5M
$3M
$55M
Sep '23
—
$3M
—
—
2.0%
0.1%
$1M
—
$90M
Jun '23
—
$3M
—
—
1.6%
0.1%
$3M
—
$93M
Mar '23
—
$3M
—
—
2.0%
0.1%
$5M
—
$87M
Dec '22
—
$4M
—
—
3.0%
0.2%
$5M
—
$28M
Sep '22
—
$6M
—
—
4.0%
0.3%
$3M
—
$29M
Jun '22
—
$4M
—
—
2.7%
0.2%
$3M
—
$75M
Mar '22
—
$5M
—
—
2.9%
0.2%
$6M
—
$148M
Dec '21
—
$5M
—
—
2.5%
0.2%
$6M
—
$89M
Sep '21
—
$7M
—
—
3.2%
0.3%
$6M
—
—
Valuation over time
How the market has priced ATLO 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 risen from 9.6× (Mar '23) to 16.3× (Nov '26).
The dividend yield has fallen from 5.2% (Mar '23) to 2.3% (Nov '26).
Price / earnings (P/E)
P/E
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ATLO growing its revenue and profit?
See the revenue and net-income charts above for AMES NATIONAL CORP's multi-year trend.
How much debt does ATLO have?
As of FY2025, AMES NATIONAL CORP reported $18M of total debt against $127M of cash.
What is ATLO's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is ATLO's P/E ratio?
AMES NATIONAL CORP's P/E (TTM) is 13.47 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ATLO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.3× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.