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Side-by-side financial comparison of Apyx Medical Corp (APYX) 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 $19.2M, roughly 1.1× Apyx Medical Corp). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -6.8%, a 5.1% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 21.7%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 6.7%).
Bovie Medical Corporation was an American medical device manufacturer of medical devices, electrosurgical products and energy technologies. It was based in Clearwater, Florida with a manufacturing facility in Bulgaria.
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.
APYX vs AWX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $19.2M | $21.5M |
| Net Profit | $-1.3M | $-356.0K |
| Gross Margin | 62.6% | 17.1% |
| Operating Margin | 0.1% | 0.4% |
| Net Margin | -6.8% | -1.7% |
| Revenue YoY | 34.7% | 21.7% |
| Net Profit YoY | 71.9% | 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 | $19.2M | $21.5M | ||
| Q3 25 | $12.9M | $25.7M | ||
| Q2 25 | $11.4M | $20.3M | ||
| Q1 25 | $9.4M | $16.1M | ||
| Q4 24 | $14.2M | $17.6M | ||
| Q3 24 | $11.5M | $24.2M | ||
| Q2 24 | $12.1M | $23.1M | ||
| Q1 24 | $10.2M | $18.9M |
| Q4 25 | $-1.3M | $-356.0K | ||
| Q3 25 | $-2.0M | $1.9M | ||
| Q2 25 | $-3.8M | $274.0K | ||
| Q1 25 | $-4.2M | $-1.5M | ||
| Q4 24 | $-4.6M | $-497.0K | ||
| Q3 24 | $-4.7M | $1.8M | ||
| Q2 24 | $-6.6M | $954.0K | ||
| Q1 24 | $-7.6M | $-979.0K |
| Q4 25 | 62.6% | 17.1% | ||
| Q3 25 | 64.4% | 23.7% | ||
| Q2 25 | 62.3% | 20.6% | ||
| Q1 25 | 60.1% | 14.8% | ||
| Q4 24 | 63.0% | 17.5% | ||
| Q3 24 | 60.5% | 24.6% | ||
| Q2 24 | 61.7% | 22.1% | ||
| Q1 24 | 58.1% | 16.2% |
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | -6.5% | 9.1% | ||
| Q2 25 | -22.6% | 3.7% | ||
| Q1 25 | -32.4% | -7.2% | ||
| Q4 24 | -21.4% | -0.8% | ||
| Q3 24 | -31.6% | 9.4% | ||
| Q2 24 | -45.7% | 6.3% | ||
| Q1 24 | -64.6% | -2.7% |
| Q4 25 | -6.8% | -1.7% | ||
| Q3 25 | -15.4% | 7.4% | ||
| Q2 25 | -33.2% | 1.4% | ||
| Q1 25 | -44.0% | -9.3% | ||
| Q4 24 | -32.5% | -2.8% | ||
| Q3 24 | -40.9% | 7.6% | ||
| Q2 24 | -54.0% | 4.1% | ||
| Q1 24 | -74.0% | -5.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.19 | — | ||
| Q1 24 | $-0.22 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.7M | $4.1M |
| Total DebtLower is stronger | $37.5M | — |
| Stockholders' EquityBook value | $14.5M | $38.4M |
| Total Assets | $66.8M | $87.4M |
| Debt / EquityLower = less leverage | 2.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.7M | $4.1M | ||
| Q3 25 | $25.1M | $4.6M | ||
| Q2 25 | $29.3M | $3.7M | ||
| Q1 25 | $31.0M | $1.3M | ||
| Q4 24 | $31.7M | $2.8M | ||
| Q3 24 | $28.0M | $3.9M | ||
| Q2 24 | $32.7M | $3.8M | ||
| Q1 24 | $37.3M | $1.2M |
| Q4 25 | $37.5M | — | ||
| Q3 25 | $37.5M | — | ||
| Q2 25 | $37.5M | — | ||
| Q1 25 | $37.5M | — | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $37.5M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $14.5M | $38.4M | ||
| Q3 25 | $5.8M | $38.7M | ||
| Q2 25 | $7.3M | $36.8M | ||
| Q1 25 | $10.5M | $36.5M | ||
| Q4 24 | $14.2M | $38.0M | ||
| Q3 24 | $11.0M | $38.5M | ||
| Q2 24 | $14.7M | $36.7M | ||
| Q1 24 | $20.3M | $35.7M |
| Q4 25 | $66.8M | $87.4M | ||
| Q3 25 | $57.4M | $90.7M | ||
| Q2 25 | $58.2M | $88.1M | ||
| Q1 25 | $60.2M | $87.6M | ||
| Q4 24 | $64.8M | $86.2M | ||
| Q3 24 | $60.7M | $89.1M | ||
| Q2 24 | $65.4M | $91.7M | ||
| Q1 24 | $70.7M | $90.6M |
| Q4 25 | 2.58× | — | ||
| Q3 25 | 6.41× | — | ||
| Q2 25 | 5.17× | — | ||
| Q1 25 | 3.57× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 3.40× | — | ||
| 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 | $-2.5M | $278.0K |
| Free Cash FlowOCF − Capex | $-2.8M | $-166.0K |
| FCF MarginFCF / Revenue | -14.6% | -0.8% |
| Capex IntensityCapex / Revenue | 1.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.1M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $278.0K | ||
| Q3 25 | $-3.5M | $1.5M | ||
| Q2 25 | $-1.2M | $3.0M | ||
| Q1 25 | $-702.0K | $-982.0K | ||
| Q4 24 | $-2.9M | $-579.0K | ||
| Q3 24 | $-4.4M | $342.0K | ||
| Q2 24 | $-4.3M | $3.2M | ||
| Q1 24 | $-6.3M | $411.0K |
| Q4 25 | $-2.8M | $-166.0K | ||
| Q3 25 | $-4.1M | $852.0K | ||
| Q2 25 | $-1.5M | $2.7M | ||
| Q1 25 | $-757.0K | $-1.4M | ||
| Q4 24 | $-3.2M | $-1.1M | ||
| Q3 24 | $-4.6M | $-660.0K | ||
| Q2 24 | $-4.6M | $2.9M | ||
| Q1 24 | $-6.4M | $56.0K |
| Q4 25 | -14.6% | -0.8% | ||
| Q3 25 | -31.5% | 3.3% | ||
| Q2 25 | -13.2% | 13.5% | ||
| Q1 25 | -8.0% | -8.5% | ||
| Q4 24 | -22.4% | -6.4% | ||
| Q3 24 | -40.0% | -2.7% | ||
| Q2 24 | -38.0% | 12.4% | ||
| Q1 24 | -62.2% | 0.3% |
| Q4 25 | 1.4% | 2.1% | ||
| Q3 25 | 4.0% | 2.3% | ||
| Q2 25 | 2.3% | 1.4% | ||
| Q1 25 | 0.6% | 2.4% | ||
| Q4 24 | 1.7% | 3.1% | ||
| Q3 24 | 1.3% | 4.1% | ||
| Q2 24 | 2.4% | 1.5% | ||
| Q1 24 | 0.3% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | — | 11.07× | ||
| Q1 25 | — | — | ||
| 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.