Latest Ratios: P/E Ratio -24.7x · EV/EBITDA 5.2x · ROE -2.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $373M | $348M | $256M | $608M | $714M | $634M | $665M | $885M | $1.1B | $896M | $1.3B |
| Enterprise Value | $949M | $925M | $878M | $1.2B | $1.2B | $1.0B | $697M | $878M | $1.0B | $844M | $1.2B |
| P/E Ratio → | -24.74 | — | — | — | — | — | — | 461.58 | 57.69 | 28.34 | 102.73 |
| P/S Ratio | 0.51 | 0.48 | 0.35 | 0.80 | 0.98 | 1.05 | 1.46 | 2.02 | 2.54 | 1.86 | 2.85 |
| P/B Ratio | 0.58 | 0.54 | 0.38 | 0.84 | 0.93 | 0.82 | 0.88 | 1.10 | 1.39 | 1.08 | 1.61 |
| P/FCF | 8.49 | 7.92 | 15.09 | — | — | — | 120.24 | 58.33 | — | — | — |
| P/OCF | 2.78 | 2.60 | 2.00 | 5.44 | 6.93 | 7.87 | 7.71 | 10.07 | 9.90 | 6.15 | 11.65 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.27 | 1.20 | 1.59 | 1.69 | 1.71 | 1.53 | 2.00 | 2.32 | 1.75 | 2.60 |
| EV / EBITDA | 5.23 | 5.09 | 6.04 | 7.25 | 7.85 | 10.77 | 7.15 | 8.57 | 7.13 | 5.92 | 9.37 |
| EV / EBIT | 21.77 | 21.20 | — | 80.12 | 99.11 | — | 128.18 | 79.23 | 16.96 | 14.96 | 23.40 |
| EV / FCF | — | 21.06 | 51.74 | — | — | — | 126.09 | 57.85 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.3% | 37.3% | 56.6% | 56.7% | 54.7% | 52.7% | 57.0% | 56.6% | 58.4% | 59.4% | 59.8% |
| Operating Margin | 6.0% | 6.0% | -0.1% | 1.7% | 1.1% | -2.5% | 2.0% | 3.0% | 13.5% | 11.5% | 11.1% |
| Net Profit Margin | -2.0% | -2.0% | -3.6% | -1.9% | -0.8% | -3.7% | -3.1% | -2.5% | 4.4% | 6.5% | 2.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.3% | -2.3% | -3.8% | -1.9% | -0.7% | -2.9% | -1.8% | -1.3% | 2.4% | 3.8% | 1.6% |
| ROA | -0.9% | -0.9% | -1.5% | -0.8% | -0.3% | -1.6% | -1.3% | -1.0% | 1.7% | 2.6% | 1.2% |
| ROIC | 2.6% | 2.6% | -0.0% | 0.8% | 0.5% | -1.2% | 0.9% | 1.3% | 6.1% | 5.6% | 6.9% |
| ROCE | 3.0% | 3.0% | -0.1% | 0.9% | 0.6% | -1.3% | 0.9% | 1.4% | 6.1% | 5.3% | 5.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.08 | 1.08 | 1.03 | 0.91 | 0.74 | 0.61 | 0.18 | 0.19 | 0.11 | 0.19 | 0.19 |
| Debt / EBITDA | 3.82 | 3.82 | 4.78 | 3.91 | 3.63 | 4.97 | 1.40 | 1.50 | 0.62 | 1.09 | 1.24 |
| Net Debt / Equity | — | 0.90 | 0.93 | 0.84 | 0.66 | 0.51 | 0.04 | -0.01 | -0.12 | -0.06 | -0.14 |
| Net Debt / EBITDA | 3.18 | 3.18 | 4.28 | 3.62 | 3.28 | 4.14 | 0.33 | -0.07 | -0.69 | -0.37 | -0.89 |
| Debt / FCF | — | 13.14 | 36.65 | — | — | — | 5.85 | -0.48 | — | — | — |
| Interest Coverage | 0.91 | 0.91 | -0.03 | 0.35 | 0.61 | -1.36 | 1.02 | 2.21 | 7.74 | 6.38 | 9.46 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.26 | 1.26 | 1.16 | 0.96 | 0.99 | 1.05 | 1.62 | 1.91 | 1.96 | 2.12 | 2.45 |
| Quick Ratio | 1.26 | 1.26 | 1.10 | 0.89 | 0.91 | 1.01 | 1.59 | 1.87 | 1.92 | 2.02 | 2.35 |
| Cash Ratio | 0.45 | 0.45 | 0.28 | 0.17 | 0.24 | 0.36 | 0.70 | 1.35 | 1.37 | 1.33 | 1.86 |
| Asset Turnover | — | 0.44 | 0.42 | 0.43 | 0.42 | 0.37 | 0.42 | 0.39 | 0.41 | 0.40 | 0.38 |
| Inventory Turnover | — | — | 20.81 | 17.25 | 18.36 | 28.04 | 35.56 | 36.28 | 29.74 | 12.68 | 12.79 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.2% | 4.5% | 5.7% | 2.2% | 1.5% | 1.7% | 1.6% | 1.2% | 0.9% | 2.1% | 1.6% |
| Payout Ratio | — | — | — | — | — | — | — | — | 54.8% | 61.1% | 167.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 0.2% | 1.7% | 3.5% | 1.0% |
| FCF Yield | 11.8% | 12.6% | 6.6% | — | — | — | 0.8% | 1.7% | — | — | — |
| Buyback Yield | 0.2% | 0.2% | 3.9% | 2.7% | 0.1% | 1.9% | 1.0% | 0.2% | 0.5% | 1.4% | 0.3% |
| Total Shareholder Yield | 4.4% | 4.7% | 9.6% | 4.9% | 1.6% | 3.6% | 2.6% | 1.4% | 1.5% | 3.6% | 1.9% |
| Shares Outstanding | — | $15M | $15M | $16M | $16M | $16M | $16M | $16M | $16M | $16M | $16M |
Geographic and regulatory concentration
Based on reported figures, ATNI trades at a forward P/E of 61.43 and an EV/EBITDA of 5.24, suggesting that the market is heavily discounting the company's earnings potential while simultaneously pricing in the significant capital intensity required to maintain its niche infrastructure-heavy business model.
The wide divergence between the negative trailing P/E and the high forward P/E indicates that investors are banking on a recovery in profitability that has yet to materialize. Compared to peers like Ooma, which commands a much higher multiple, ATNI's low EV/EBITDA suggests the market views its assets as potentially stranded or requiring excessive reinvestment to remain competitive.
As reported in financial statements, ATNI's ROIC has struggled to maintain positive territory, fluctuating between -2.2% and 1.4% over the last ten quarters, which highlights the difficulty of generating adequate returns on the massive capital outlays required for fiber-to-the-home network deployments.
The inability to consistently exceed the cost of capital suggests that the company's current infrastructure pivot is value-destructive in the near term. Investors should monitor whether the transition to fiber eventually improves asset utilization, as current returns remain well below the levels typically required for a sustainable telecommunications utility.
According to recent quarterly data, ATNI's cash conversion cycle remains highly erratic, with DPO figures often exceeding 190 days, suggesting that the company relies heavily on extended supplier payment terms to manage its liquidity while navigating the operational complexities of its geographically dispersed network assets.
The high DPO relative to the company's asset turnover of 0.11 implies that ATNI is leveraging its vendor relationships to bridge the gap between heavy capital spending and delayed revenue realization. This reliance on extended payables warrants further investigation, as any tightening of credit terms by suppliers could place immediate pressure on the company's cash position.
Based on the provided balance sheet data, ATNI's debt-to-equity ratio experienced a sharp decline from 1.08 in 2025Q4 to 0.14 in 2026Q1, a shift that appears to be a significant structural change rather than a temporary fluctuation in the company's overall capital structure.
While the reduction in debt improves the balance sheet's appearance, the low interest coverage ratio of 1.13 suggests that the company's ability to service even its remaining obligations remains precarious. Investors should be cautious, as this deleveraging may have been achieved through asset divestitures that could limit future operational flexibility.
The most commonly misapplied ratio for ATNI is the P/E multiple, which obscures the company's true earning power by failing to account for the massive non-cash depreciation charges inherent in its infrastructure-heavy business model and the lumpy nature of its international project-based revenue streams.
Using P/E to evaluate ATNI is misleading because it ignores the significant divergence between accounting net income and actual cash generation. Analysts should instead focus on EV/EBITDA or P/FCF to better understand the company's ability to fund its ongoing network upgrades without relying on external financing.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ATNI stock.
ATN International, Inc.'s current P/E ratio is -24.7x. The historical average is 24.7x.
ATN International, Inc.'s current EV/EBITDA is 5.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.1x.
ATN International, Inc.'s return on equity (ROE) is -2.3%. The historical average is 8.5%.
Based on historical data, ATN International, Inc. is trading at a P/E of -24.7x. Compare with industry peers and growth rates for a complete picture.
ATN International, Inc.'s current dividend yield is 4.24%.
ATN International, Inc. has 37.3% gross margin and 6.0% operating margin.
ATN International, Inc.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.