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Side-by-side financial comparison of Aveanna Healthcare Holdings, Inc. (AVAH) and Erie Indemnity (ERIE). Click either name above to swap in a different company.

Erie Indemnity is the larger business by last-quarter revenue ($1.0B vs $621.9M, roughly 1.6× Aveanna Healthcare Holdings, Inc.). Erie Indemnity runs the higher net margin — 14.9% vs 2.3%, a 12.6% gap on every dollar of revenue. On growth, Aveanna Healthcare Holdings, Inc. posted the faster year-over-year revenue change (22.2% vs 2.3%). Over the past eight quarters, Aveanna Healthcare Holdings, Inc.'s revenue compounded faster (14.0% CAGR vs 1.1%).

Aveanna Healthcare Holdings, Inc. is a leading U.S. provider of home and community-based healthcare services. Its core offerings include pediatric home health, adult personal care, hospice care, and infusion therapy, serving patients across the United States through its nationwide network of local care centers, catering to both public and private payer segments.

Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021, Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for the 2020 fiscal year.

AVAH vs ERIE — Head-to-Head

Bigger by revenue
ERIE
ERIE
1.6× larger
ERIE
$1.0B
$621.9M
AVAH
Growing faster (revenue YoY)
AVAH
AVAH
+19.9% gap
AVAH
22.2%
2.3%
ERIE
Higher net margin
ERIE
ERIE
12.6% more per $
ERIE
14.9%
2.3%
AVAH
Faster 2-yr revenue CAGR
AVAH
AVAH
Annualised
AVAH
14.0%
1.1%
ERIE

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AVAH
AVAH
ERIE
ERIE
Revenue
$621.9M
$1.0B
Net Profit
$14.1M
$150.5M
Gross Margin
32.6%
Operating Margin
8.6%
16.5%
Net Margin
2.3%
14.9%
Revenue YoY
22.2%
2.3%
Net Profit YoY
132.8%
8.7%
EPS (diluted)
$0.06

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.

Revenue
AVAH
AVAH
ERIE
ERIE
Q1 26
$1.0B
Q4 25
$951.0M
Q3 25
$621.9M
$1.1B
Q2 25
$589.6M
$1.1B
Q1 25
$559.2M
$989.4M
Q4 24
$519.9M
$924.1M
Q3 24
$509.0M
$999.9M
Q2 24
$505.0M
$990.4M
Net Profit
AVAH
AVAH
ERIE
ERIE
Q1 26
$150.5M
Q4 25
$63.4M
Q3 25
$14.1M
$182.9M
Q2 25
$27.0M
$174.7M
Q1 25
$5.2M
$138.4M
Q4 24
$29.2M
$152.0M
Q3 24
$-42.8M
$159.8M
Q2 24
$13.9M
$163.9M
Gross Margin
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
Q3 25
32.6%
Q2 25
35.8%
Q1 25
32.8%
Q4 24
33.0%
Q3 24
31.4%
Q2 24
31.3%
Operating Margin
AVAH
AVAH
ERIE
ERIE
Q1 26
16.5%
Q4 25
16.6%
Q3 25
8.6%
19.6%
Q2 25
13.6%
18.8%
Q1 25
9.3%
15.3%
Q4 24
8.8%
18.1%
Q3 24
6.7%
18.0%
Q2 24
7.4%
19.2%
Net Margin
AVAH
AVAH
ERIE
ERIE
Q1 26
14.9%
Q4 25
6.7%
Q3 25
2.3%
17.1%
Q2 25
4.6%
16.5%
Q1 25
0.9%
14.0%
Q4 24
5.6%
16.5%
Q3 24
-8.4%
16.0%
Q2 24
2.8%
16.5%
EPS (diluted)
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
Q3 25
$0.06
Q2 25
$0.13
Q1 25
$0.03
Q4 24
$0.15
Q3 24
$-0.22
Q2 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVAH
AVAH
ERIE
ERIE
Cash + ST InvestmentsLiquidity on hand
$145.9M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$9.2M
$2.4B
Total Assets
$1.8B
$3.4B
Debt / EquityLower = less leverage
141.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
Q3 25
$145.9M
Q2 25
$100.7M
Q1 25
$71.5M
Q4 24
$84.3M
Q3 24
$78.5M
Q2 24
$47.7M
Total Debt
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
AVAH
AVAH
ERIE
ERIE
Q1 26
$2.4B
Q4 25
$2.3B
Q3 25
$9.2M
$2.3B
Q2 25
$-12.0M
$2.2B
Q1 25
$-100.1M
$2.1B
Q4 24
$-123.6M
$2.0B
Q3 24
$-156.4M
$1.9B
Q2 24
$-119.0M
$1.8B
Total Assets
AVAH
AVAH
ERIE
ERIE
Q1 26
$3.4B
Q4 25
$3.4B
Q3 25
$1.8B
$3.3B
Q2 25
$1.8B
$3.1B
Q1 25
$1.7B
$3.0B
Q4 24
$1.7B
$2.9B
Q3 24
$1.6B
$2.9B
Q2 24
$1.7B
$2.7B
Debt / Equity
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
Q3 25
141.83×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVAH
AVAH
ERIE
ERIE
Operating Cash FlowLast quarter
$33.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
$171.6M
Q3 25
$33.2M
$219.4M
Q2 25
$51.6M
$177.6M
Q1 25
$-8.6M
$118.1M
Q4 24
$13.4M
$193.5M
Q3 24
$29.4M
$199.2M
Q2 24
$1.8M
$131.4M
Free Cash Flow
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
$140.8M
Q3 25
$184.4M
Q2 25
$157.3M
Q1 25
$88.4M
Q4 24
$146.8M
Q3 24
$171.5M
Q2 24
$103.4M
FCF Margin
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
14.8%
Q3 25
17.3%
Q2 25
14.8%
Q1 25
8.9%
Q4 24
15.9%
Q3 24
17.1%
Q2 24
10.4%
Capex Intensity
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
3.2%
Q3 25
3.3%
Q2 25
1.9%
Q1 25
3.0%
Q4 24
5.0%
Q3 24
2.8%
Q2 24
2.8%
Cash Conversion
AVAH
AVAH
ERIE
ERIE
Q1 26
Q4 25
2.71×
Q3 25
2.36×
1.20×
Q2 25
1.91×
1.02×
Q1 25
-1.66×
0.85×
Q4 24
0.46×
1.27×
Q3 24
1.25×
Q2 24
0.13×
0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVAH
AVAH

Private Duty Services$514.4M83%
Home Health And Hospice$62.4M10%
Medical Solutions$45.1M7%

ERIE
ERIE

Management fee revenue - policy issuance and renewal services$786.4M78%
Administrative services reimbursement revenue$200.1M20%
Management fee revenue - administrative services$19.5M2%
Service agreement revenue$5.9M1%

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