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ATLO Financials AMES NATIONAL CORP

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
$0 $12M $24M 2011 2013 2015 2017 2019 2021 2023 2025
Net income
Return on equity & assets (ROE / ROA)
0% 6% 13% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Shareholders' equity (book value)
$0 $105M $209M 2011 2013 2015 2017 2019 2021 2023 2025
Equity
Free cash flow (CFO − capex)
$0 $14M $29M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $87M $173M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$269M -$31M $206M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 9.5 18.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Dividend yield (%)
0.0 3.3 6.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.