ATN International Inc ATNI

Communication ServicesTelecommunications ServicesUnited States of America

Last close 25.40 USD on Nov 2, 2026, +14.9% year to date

Quant rating

Quant rating C Rank 61 of 135 in Communication Services

Growth D 97 of 135
Valuation A 3 of 135
Quality C 59 of 135
Revisions D 103 of 135
Momentum C 58 of 135

Wall Street consensus Average target 69.00 USD +171.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 391M
Enterprise value: 840M
52-week range: 14.15 – 33.32
3-year range: 14.04 – 39.79
Dividend yield: 4.52%
Beta (5 years): 0.73
Shares outstanding: 15.4M
Next earnings: Nov 4, 2026

About the company

ATN International, Inc. is a provider of digital infrastructure and communications services. The Company operates in the United States and internationally, including the Caribbean region. Its segments include International Telecom and US Telecom. The International Telecom segment provides mobility services, fixed services, carrier services, and managed services in Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands. The US Telecom segment also provides fixed services, carrier services, mobility services, and managed services in Alaska and the western United States. Through its subsidiaries, it provides fixed and mobile telecommunications connectivity to residential, business and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, video and voice services, and carrier communications services, such as communications tower facilities to business, government, terrestrial, and submarine fiber optic transport.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	728	729	762	726	603	–
Revenue growth	−0.2%	−4.3%	5.0%	20.4%	32.3%	9.8%
EPS (basic, normalized)	−1.38	0.58	−1.25	−0.67	−1.52	–
EPS growth	–	–	–	–	–	–
Gross margin	56.3%	56.6%	56.7%	54.7%	52.7%	55.4%
Net margin	−2.9%	−4.4%	−2.6%	−1.4%	−3.7%	−3.0%
ROE	−3.2%	−5.1%	−2.6%	−1.0%	−3.5%	−3.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	318
Current ratio	1.63x
Long-term debt (mil)	516
Net debt (mil)	448
Total equity (mil)	599
Net debt / equity	0.75x
Net debt / EBITDA	2.36x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	728	−0.2%	1.2x	190	+3.1%	4.4x	−1.38	−337.9%	−18.4x
2026	738	+1.3%	1.1x	184	−3.3%	4.6x	0.78	+156.5%	32.6x
2027	752	+1.9%	1.1x	182	−0.7%	4.6x	1.08	+38.5%	23.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	738	0.0%	+0.6%	+0.2%	0.78	0.0%	+30.0%	+25.8%
2027	752	0.0%	+1.3%	+1.0%	1.08	0.0%	−0.9%	−0.9%
2028	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	187	183	178	181	179	181	183	184	182	185
Sales mean (mil)	191	182	186	179	179	185	182	184	183	183
Surprise	−2.3%	+0.5%	−3.9%	+0.8%	+0.3%	−1.8%	+0.4%	+0.3%	−0.6%	+0.7%
EPS reported	−0.41	0.50	0.07	0.14	−0.69	−0.56	0.18	−0.32	−0.29	10.98
EPS mean	−0.08	−0.34	−0.16	−0.27	−0.16	−0.30	−0.06	0.03	0.12	0.17
Surprise	−415.7%	−248.4%	−142.9%	−152.8%	−331.2%	−83.6%	−400.0%	−1,166.7%	−341.7%	+6,358.8%

Peer comparison Telecommunications Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ATNI ATN International Inc	391M	2.36x	−2.9%	0.65x	32.6x	23.5x	4.6x	4.6x
CHT Chunghwa Telecom Co Ltd	37.9B	−0.30x	16.4%	3.37x	57.2x	56.5x	13.4x	12.8x
BT BT Group PLC	30.4B	–	5.5%	–	–	–	–	–
BCE BCE Inc	19.3B	4.21x	25.8%	1.13x	11.2x	10.8x	6.7x	6.5x
VIV Telefonica Brasil, SA	18.4B	0.49x	10.3%	1.49x	14.2x	11.7x	4.0x	3.7x
CLLNY Cellnex Telecom S.a	19.5B	6.58x	−8.2%	1.49x	−77.0x	731.5x	14.4x	13.6x
Mean		2.67x	7.8%	1.63x	7.7x	166.8x	8.6x	8.2x
Median		2.36x	7.9%	1.49x	14.2x	23.5x	6.7x	6.5x

Technical analysis

1M−9.0%
3M+7.8%
1Y+82.5%
3Y−9.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, ATN International Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	728	729	762	726	603	455
Cost of revenue	318	316	330	329	285	112
Gross profit	410	413	432	397	317	344
Selling, general & administrative expenses	228	237	251	232	188	139
Research & development	–	–	–	–	–	73.3
Depreciation/amortization	138	146	154	148	111	88.3
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	15.2	30.4	13.5	9.2	33.6	23.2
Other operating expenses	0	0	0	0	0	10.6
Operating income	28.4	−0.8	13.2	7.9	−15.0	9.2
Net interest income (expense)	−49.1	−48.4	−42.2	−20.2	−9.5	−4.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−7.1	−1.8	1.5	4.2	1.8	−4.2
Net income before taxes	−27.8	−51.0	−27.5	−8.1	−22.7	0.1
Provision for taxes	−4.2	−19.1	−8.8	−0.5	−1.9	0.8
Minority interest	8.6	5.4	4.2	1.9	−1.3	−13.4
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−14.9	−26.4	−14.5	−5.6	−22.1	−14.1
Extraordinary items	–	–	–	–	–	–
Net income	−14.9	−26.4	−14.5	−5.6	−22.1	−14.1
EBIT, normalized	43.6	29.6	26.7	17.1	18.5	32.4
EBITDA, normalized	182	176	181	165	129	121
Basic EPS, normalized	−1.38	0.58	−1.25	−0.67	−1.52	–

Balance sheet in millions of USD, fiscal years

Balance sheet, ATN International Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	103	73.7	49.5	55.0	79.9	104
Receivables	138	146	149	95.6	82.7	47.9
Total inventory	14.3	15.2	19.1	17.9	10.2	5.5
Prepaid expenses	46.5	58.3	50.2	56.2	58.8	47.0
Other current assets	25.9	15.9	12.9	5.1	1.1	35.8
Total current assets	328	309	281	230	233	240
Property, plant & equipment	1,090	1,140	1,180	1,165	1,062	600
Goodwill	4.8	4.8	40.1	40.1	40.1	60.7
Intangibles	113	125	133	146	158	120
Long-term investments	–	–	–	15.7	14.8	17.9
Note receivable	41.0	46.4	51.2	50.5	40.6	10.5
Other long-term assets	96.7	102	98.3	61.5	60.4	34.8
Total assets	1,673	1,727	1,784	1,708	1,609	1,084
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	173	178	182	155	151	96.2
Accrued expenses	13.9	16.2	15.2	15.5	16.2	12.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	24.6	16.3	31.4	12.2	9.3	3.8
Other current liabilities	51.3	56.7	64.6	50.3	44.0	35.6
Total current liabilities	263	267	293	233	221	148
Long-term debt	580	585	532	455	357	69.1
Minority interest	197	182	183	188	174	109
Other liabilities	189	203	235	250	255	112
Total liabilities	1,229	1,238	1,243	1,127	1,007	438
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.2	0.2	0.2	0.2	0.2	0.2
Additional paid-in capital	220	213	206	198	192	188
Retained earnings (accumulated deficit)	312	368	417	450	476	517
Treasury stock	−103	−102	−90.4	−73.8	−71.7	−59.5
Other equity	14.7	10.8	8.3	6.2	4.8	0.3
Total equity	444	489	541	581	601	646
Total liabilities & shareholders' equity	1,673	1,727	1,784	1,708	1,609	1,084

Cash flow statement in millions of USD, fiscal years

Cash flow statement, ATN International Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−23.5	−31.9	−18.8	−7.6	−20.8	−0.7
Depreciation, depletion & amortization	138	146	154	148	111	88.3
Deferred taxes	−8.5	−12.8	−16.8	−7.5	−6.6	−7.3
Non-cash items	26.7	39.2	13.8	16.6	36.1	36.8
Changes in working capital	1.4	−12.9	−21.0	−46.8	−38.6	−30.8
Cash from operations	134	128	112	103	80.5	86.3
Investing activities
Capital expenditures	−90.0	−111	−163	−161	−96.4	−95.7
Other investing cash flows	3.2	7.2	−1.8	−6.1	−330	25.5
Cash from investing	−86.8	−104	−165	−167	−427	−70.2
Financing activities
Financing cash flow items	−1.6	−11.0	−10.8	−11.0	−27.3	−40.4
Cash dividends paid	−15.7	−14.7	−13.2	−10.7	−10.8	−10.9
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1.9	28.6	79.9	65.1	360	−22.1
Cash from financing	−19.2	2.9	55.9	43.4	322	−73.4
Foreign exchange effects	–	–	–	–	0	−0.1
Net change in cash	27.9	27.1	2.4	−21.0	−24.3	−57.4
Free cash flow	43.9	17.0	−51.7	−58.3	−15.9	−9.4

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.