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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and AVALON HOLDINGS CORP (AWX). Click either name above to swap in a different company.
AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $13.2M, roughly 1.6× Ares Commercial Real Estate Corp). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -29.2%, a 27.6% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -24.5%). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
Avalon Hill Games Inc. is a game company that publishes wargames and strategic board games. It has also published miniature wargaming rules, role-playing games and sports simulations. It is a subsidiary of Hasbro, and operates under the company's "Hasbro Gaming" division.
ACRE vs AWX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $21.5M |
| Net Profit | $-3.9M | $-356.0K |
| Gross Margin | — | 17.1% |
| Operating Margin | -29.2% | 0.4% |
| Net Margin | -29.2% | -1.7% |
| Revenue YoY | -24.5% | 21.7% |
| Net Profit YoY | 63.8% | 28.4% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $21.5M | ||
| Q3 25 | $14.1M | $25.7M | ||
| Q2 25 | $12.6M | $20.3M | ||
| Q1 25 | $14.9M | $16.1M | ||
| Q4 24 | $17.5M | $17.6M | ||
| Q3 24 | $16.7M | $24.2M | ||
| Q2 24 | $16.8M | $23.1M | ||
| Q1 24 | $18.7M | $18.9M |
| Q4 25 | $-3.9M | $-356.0K | ||
| Q3 25 | $4.7M | $1.9M | ||
| Q2 25 | $-11.0M | $274.0K | ||
| Q1 25 | $9.3M | $-1.5M | ||
| Q4 24 | $-10.7M | $-497.0K | ||
| Q3 24 | $-5.9M | $1.8M | ||
| Q2 24 | $-6.1M | $954.0K | ||
| Q1 24 | $-12.3M | $-979.0K |
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | — | 20.6% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 24.6% | ||
| Q2 24 | — | 22.1% | ||
| Q1 24 | — | 16.2% |
| Q4 25 | -29.2% | 0.4% | ||
| Q3 25 | 33.0% | 9.1% | ||
| Q2 25 | -87.8% | 3.7% | ||
| Q1 25 | 64.4% | -7.2% | ||
| Q4 24 | -61.0% | -0.8% | ||
| Q3 24 | -35.3% | 9.4% | ||
| Q2 24 | -36.5% | 6.3% | ||
| Q1 24 | -65.9% | -2.7% |
| Q4 25 | -29.2% | -1.7% | ||
| Q3 25 | 33.0% | 7.4% | ||
| Q2 25 | -87.8% | 1.4% | ||
| Q1 25 | 62.5% | -9.3% | ||
| Q4 24 | -60.9% | -2.8% | ||
| Q3 24 | -35.3% | 7.6% | ||
| Q2 24 | -36.5% | 4.1% | ||
| Q1 24 | -65.9% | -5.2% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $4.1M |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $38.4M |
| Total Assets | $1.6B | $87.4M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $4.1M | ||
| Q3 25 | $84.9M | $4.6M | ||
| Q2 25 | $90.0M | $3.7M | ||
| Q1 25 | $125.5M | $1.3M | ||
| Q4 24 | $63.8M | $2.8M | ||
| Q3 24 | $68.9M | $3.9M | ||
| Q2 24 | $70.6M | $3.8M | ||
| Q1 24 | $99.5M | $1.2M |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $38.4M | ||
| Q3 25 | $521.0M | $38.7M | ||
| Q2 25 | $523.7M | $36.8M | ||
| Q1 25 | $542.1M | $36.5M | ||
| Q4 24 | $540.1M | $38.0M | ||
| Q3 24 | $563.8M | $38.5M | ||
| Q2 24 | $582.3M | $36.7M | ||
| Q1 24 | $601.1M | $35.7M |
| Q4 25 | $1.6B | $87.4M | ||
| Q3 25 | $1.4B | $90.7M | ||
| Q2 25 | $1.4B | $88.1M | ||
| Q1 25 | $1.5B | $87.6M | ||
| Q4 24 | $1.8B | $86.2M | ||
| Q3 24 | $1.9B | $89.1M | ||
| Q2 24 | $2.1B | $91.7M | ||
| Q1 24 | $2.1B | $90.6M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $278.0K |
| Free Cash FlowOCF − Capex | — | $-166.0K |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $278.0K | ||
| Q3 25 | $3.8M | $1.5M | ||
| Q2 25 | $4.9M | $3.0M | ||
| Q1 25 | $8.0M | $-982.0K | ||
| Q4 24 | $35.5M | $-579.0K | ||
| Q3 24 | $8.4M | $342.0K | ||
| Q2 24 | $8.7M | $3.2M | ||
| Q1 24 | $11.4M | $411.0K |
| Q4 25 | — | $-166.0K | ||
| Q3 25 | — | $852.0K | ||
| Q2 25 | — | $2.7M | ||
| Q1 25 | — | $-1.4M | ||
| Q4 24 | — | $-1.1M | ||
| Q3 24 | — | $-660.0K | ||
| Q2 24 | — | $2.9M | ||
| Q1 24 | — | $56.0K |
| Q4 25 | — | -0.8% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | -8.5% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | — | 12.4% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | 0.76× | ||
| Q2 25 | — | 11.07× | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 3.35× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
