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Side-by-side financial comparison of Aveanna Healthcare Holdings, Inc. (AVAH) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

WESTERN ALLIANCE BANCORPORATION is the larger business by last-quarter revenue ($1.0B vs $621.9M, roughly 1.6× Aveanna Healthcare Holdings, Inc.). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs 2.3%, a 16.3% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs 22.2%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% CAGR vs 14.0%).

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.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

AVAH vs WAL — Head-to-Head

Bigger by revenue
WAL
WAL
1.6× larger
WAL
$1.0B
$621.9M
AVAH
Growing faster (revenue YoY)
WAL
WAL
+8.8% gap
WAL
31.0%
22.2%
AVAH
Higher net margin
WAL
WAL
16.3% more per $
WAL
18.6%
2.3%
AVAH
Faster 2-yr revenue CAGR
WAL
WAL
Annualised
WAL
14.9%
14.0%
AVAH

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AVAH
AVAH
WAL
WAL
Revenue
$621.9M
$1.0B
Net Profit
$14.1M
$189.2M
Gross Margin
32.6%
Operating Margin
8.6%
Net Margin
2.3%
18.6%
Revenue YoY
22.2%
31.0%
Net Profit YoY
132.8%
-5.0%
EPS (diluted)
$0.06
$1.65

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
WAL
WAL
Q1 26
$1.0B
Q4 25
$980.9M
Q3 25
$621.9M
$938.2M
Q2 25
$589.6M
$845.9M
Q1 25
$559.2M
$778.0M
Q4 24
$519.9M
$838.4M
Q3 24
$509.0M
$823.1M
Q2 24
$505.0M
$771.8M
Net Profit
AVAH
AVAH
WAL
WAL
Q1 26
$189.2M
Q4 25
$286.1M
Q3 25
$14.1M
$253.4M
Q2 25
$27.0M
$230.4M
Q1 25
$5.2M
$199.1M
Q4 24
$29.2M
$216.9M
Q3 24
$-42.8M
$199.8M
Q2 24
$13.9M
$193.6M
Gross Margin
AVAH
AVAH
WAL
WAL
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
WAL
WAL
Q1 26
Q4 25
36.3%
Q3 25
8.6%
33.4%
Q2 25
13.6%
34.4%
Q1 25
9.3%
31.7%
Q4 24
8.8%
30.9%
Q3 24
6.7%
30.6%
Q2 24
7.4%
32.1%
Net Margin
AVAH
AVAH
WAL
WAL
Q1 26
18.6%
Q4 25
29.2%
Q3 25
2.3%
27.0%
Q2 25
4.6%
27.2%
Q1 25
0.9%
25.6%
Q4 24
5.6%
25.9%
Q3 24
-8.4%
24.3%
Q2 24
2.8%
25.1%
EPS (diluted)
AVAH
AVAH
WAL
WAL
Q1 26
$1.65
Q4 25
$2.59
Q3 25
$0.06
$2.28
Q2 25
$0.13
$2.07
Q1 25
$0.03
$1.79
Q4 24
$0.15
$1.94
Q3 24
$-0.22
$1.80
Q2 24
$0.07
$1.75

Balance Sheet & Financial Strength

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

Metric
AVAH
AVAH
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$145.9M
Total DebtLower is stronger
$1.3B
$4.3B
Stockholders' EquityBook value
$9.2M
$7.9B
Total Assets
$1.8B
$98.9B
Debt / EquityLower = less leverage
141.83×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAH
AVAH
WAL
WAL
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
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.4B
Q3 25
$1.3B
$2.9B
Q2 25
$1.3B
$2.9B
Q1 25
$1.3B
$1.6B
Q4 24
$1.3B
$2.4B
Q3 24
$1.3B
$1.4B
Q2 24
$1.3B
$436.0M
Stockholders' Equity
AVAH
AVAH
WAL
WAL
Q1 26
$7.9B
Q4 25
$7.7B
Q3 25
$9.2M
$7.4B
Q2 25
$-12.0M
$7.1B
Q1 25
$-100.1M
$6.9B
Q4 24
$-123.6M
$6.7B
Q3 24
$-156.4M
$6.7B
Q2 24
$-119.0M
$6.3B
Total Assets
AVAH
AVAH
WAL
WAL
Q1 26
$98.9B
Q4 25
$92.8B
Q3 25
$1.8B
$91.0B
Q2 25
$1.8B
$86.7B
Q1 25
$1.7B
$83.0B
Q4 24
$1.7B
$80.9B
Q3 24
$1.6B
$80.1B
Q2 24
$1.7B
$80.6B
Debt / Equity
AVAH
AVAH
WAL
WAL
Q1 26
0.54×
Q4 25
0.18×
Q3 25
141.83×
0.39×
Q2 25
0.41×
Q1 25
0.23×
Q4 24
0.36×
Q3 24
0.21×
Q2 24
0.07×

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
WAL
WAL
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
WAL
WAL
Q1 26
Q4 25
$-2.7B
Q3 25
$33.2M
$-597.4M
Q2 25
$51.6M
$-357.7M
Q1 25
$-8.6M
$-1.7B
Q4 24
$13.4M
$-2.7B
Q3 24
$29.4M
$-1.1B
Q2 24
$1.8M
$-745.8M
Cash Conversion
AVAH
AVAH
WAL
WAL
Q1 26
Q4 25
-9.36×
Q3 25
2.36×
-2.36×
Q2 25
1.91×
-1.55×
Q1 25
-1.66×
-8.31×
Q4 24
0.46×
-12.64×
Q3 24
-5.35×
Q2 24
0.13×
-3.85×

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%

WAL
WAL

Segment breakdown not available.

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