Ames National (ATLO) financial statements
Ames National reported revenue of $67M in fiscal 2025, up 3.7% a year over 9 years.
Net income was $19M.
Free cash flow was $21M, and the company returned $7M in dividends and $2M in net buybacks.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ames National's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48M | $48M | $50M | $54M | $65M | $67M | $63M | $54M | $55M | $67M |
| Interest expense | $4M | $6M | $8M | $11M | $8M | $4M | $8M | $30M | — | — |
| Pre-tax income | $23M | $21M | $21M | $21M | $23M | $31M | $25M | $13M | $12M | $24M |
| Income tax | $7M | $8M | $4M | $4M | $4M | $7M | $6M | $2M | $2M | $5M |
| Net income | $16M | $14M | $17M | $17M | $19M | $24M | $19M | $11M | $10M | $19M |
| EPS (diluted) | $1.69 | $1.47 | $1.83 | $1.86 | $2.06 | $2.62 | $2.14 | $1.20 | $1.14 | $2.14 |
| Diluted shares | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M |
| Net margin | 32.8% | 28.4% | 34.0% | 31.9% | 28.8% | 35.9% | 30.7% | 20.1% | 18.6% | 28.5% |
Balance sheet
Fiscal years, from Ames National's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $26M | $30M | $35M | $173M | $89M | $28M | $55M | $101M | $127M |
| Property, plant and equipment | $16M | $15M | $16M | $18M | $17M | $18M | $19M | $23M | $22M | $21M |
| Goodwill | $7M | $7M | $10M | $12M | $12M | $12M | $12M | $12M | $12M | $12M |
| Total assets | $1.4B | $1.4B | $1.5B | $1.7B | $2.0B | $2.1B | $2.1B | $2.2B | $2.1B | $2.1B |
| Total liabilities | $1.2B | $1.2B | $1.3B | $1.5B | $1.8B | $1.9B | $2.0B | $2.0B | $2.0B | $1.9B |
| Shareholders' equity | $165M | $171M | $173M | $188M | $209M | $208M | $149M | $166M | $175M | $208M |
| Net debt | -$29M | -$26M | -$30M | -$35M | -$173M | -$89M | -$28M | -$55M | -$101M | -$127M |
Cash flow
Fiscal years, from Ames National's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21M | $19M | $21M | $20M | $30M | $30M | $21M | $19M | $14M | $21M |
| Capital spending | $267,761 | $518,155 | $616,544 | $780,440 | $1M | $2M | $3M | $5M | $298,000 | $642,000 |
| Free cash flow | $21M | $18M | $20M | $19M | $28M | $29M | $18M | $14M | $14M | $21M |
| Dividends paid | $8M | $8M | $11M | $9M | $9M | $9M | $10M | $10M | $9M | $7M |
| Share buybacks (net) | — | — | -$452,220 | -$2M | -$2M | -$710,000 | -$2M | $0 | -$704,000 | -$2M |
| Net borrowing | -$4M | -$1M | -$12M | -$10M | $0 | — | — | — | — | — |
| Free cash flow margin | 44.1% | 38.0% | 40.2% | 36.0% | 43.5% | 43.0% | 29.2% | 26.6% | 25.5% | 31.0% |
| Dividends per share | $0.83 | $0.87 | $1.16 | $0.95 | $0.99 | $1.03 | $1.07 | $1.08 | $1.01 | $0.80 |
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Open ATLO in InvestinglyQuestions
What was Ames National's revenue in 2025?
$67M in fiscal 2025, from its 10-K filing.
How much free cash flow does Ames National generate?
$21M in fiscal 2025 (operating cash flow minus capital spending).
From Ames National's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.