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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) and Bone Biologics Corp (BBLG). Click either name above to swap in a different company.

AVANOS MEDICAL, INC. is the larger business by last-quarter revenue ($180.9M vs $255, roughly 709411.8× Bone Biologics Corp). AVANOS MEDICAL, INC. runs the higher net margin — -0.7% vs -339596.1%, a 339595.4% gap on every dollar of revenue. On growth, AVANOS MEDICAL, INC. posted the faster year-over-year revenue change (0.7% vs -54.1%).

Avanos Medical, Inc. is a medical technology company making clinical medical devices. The company consists of two franchises – Pain Management and Chronic Care – that address reducing the use of opioids while helping patients recover faster and preventing infection.

Bone Biologics Corp is a clinical-stage biotechnology firm focused on developing orthobiologic products to boost bone regeneration and healing for orthopedic surgery patients, including spinal fusion recipients. It mainly operates in the U.S. healthcare market, targeting orthopedic care and regenerative medicine segments.

AVNS vs BBLG — Head-to-Head

Bigger by revenue
AVNS
AVNS
709411.8× larger
AVNS
$180.9M
$255
BBLG
Growing faster (revenue YoY)
AVNS
AVNS
+54.9% gap
AVNS
0.7%
-54.1%
BBLG
Higher net margin
AVNS
AVNS
339595.4% more per $
AVNS
-0.7%
-339596.1%
BBLG

Income Statement — Q4 2025 vs Q1 2024

Metric
AVNS
AVNS
BBLG
BBLG
Revenue
$180.9M
$255
Net Profit
$-1.3M
$-866.0K
Gross Margin
47.5%
Operating Margin
1.4%
-354327.8%
Net Margin
-0.7%
-339596.1%
Revenue YoY
0.7%
-54.1%
Net Profit YoY
99.7%
76.7%
EPS (diluted)
$-0.02
$-1.31

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
AVNS
AVNS
BBLG
BBLG
Q4 25
$180.9M
Q3 25
$177.8M
Q2 25
$175.0M
Q1 25
$167.5M
Q4 24
$179.6M
Q3 24
$170.4M
Q2 24
$171.7M
Q1 24
$166.1M
$255
Net Profit
AVNS
AVNS
BBLG
BBLG
Q4 25
$-1.3M
Q3 25
$-1.4M
Q2 25
$-76.8M
Q1 25
$6.6M
Q4 24
$-397.3M
Q3 24
$4.3M
Q2 24
$1.8M
Q1 24
$-900.0K
$-866.0K
Gross Margin
AVNS
AVNS
BBLG
BBLG
Q4 25
47.5%
Q3 25
48.4%
Q2 25
52.6%
Q1 25
53.6%
Q4 24
54.6%
Q3 24
54.5%
Q2 24
55.7%
Q1 24
57.1%
Operating Margin
AVNS
AVNS
BBLG
BBLG
Q4 25
1.4%
Q3 25
0.1%
Q2 25
-42.6%
Q1 25
6.1%
Q4 24
-233.0%
Q3 24
7.0%
Q2 24
3.7%
Q1 24
2.4%
-354327.8%
Net Margin
AVNS
AVNS
BBLG
BBLG
Q4 25
-0.7%
Q3 25
-0.8%
Q2 25
-43.9%
Q1 25
3.9%
Q4 24
-221.2%
Q3 24
2.5%
Q2 24
1.0%
Q1 24
-0.5%
-339596.1%
EPS (diluted)
AVNS
AVNS
BBLG
BBLG
Q4 25
$-0.02
Q3 25
$-0.03
Q2 25
$-1.66
Q1 25
$0.14
Q4 24
$-8.64
Q3 24
$0.09
Q2 24
$0.04
Q1 24
$-0.02
$-1.31

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
BBLG
BBLG
Cash + ST InvestmentsLiquidity on hand
$89.8M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
$3.7M
Total Assets
$1.1B
$3.8M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
BBLG
BBLG
Q4 25
$89.8M
Q3 25
$70.5M
Q2 25
$90.3M
Q1 25
$97.0M
Q4 24
$107.7M
Q3 24
$89.0M
Q2 24
$92.2M
Q1 24
$75.8M
Total Debt
AVNS
AVNS
BBLG
BBLG
Q4 25
$90.3M
Q3 25
$93.4M
Q2 25
$95.7M
Q1 25
$98.0M
Q4 24
$125.3M
Q3 24
$152.6M
Q2 24
$164.9M
Q1 24
$167.2M
Stockholders' Equity
AVNS
AVNS
BBLG
BBLG
Q4 25
$778.2M
Q3 25
$778.0M
Q2 25
$776.3M
Q1 25
$839.4M
Q4 24
$828.5M
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
$3.7M
Total Assets
AVNS
AVNS
BBLG
BBLG
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
$3.8M
Debt / Equity
AVNS
AVNS
BBLG
BBLG
Q4 25
0.12×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.12×
Q4 24
0.15×
Q3 24
0.12×
Q2 24
0.13×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
AVNS
AVNS
BBLG
BBLG
Operating Cash FlowLast quarter
$28.2M
$-1.3M
Free Cash FlowOCF − Capex
$21.3M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
BBLG
BBLG
Q4 25
$28.2M
Q3 25
$14.0M
Q2 25
$6.8M
Q1 25
$25.7M
Q4 24
$57.9M
Q3 24
$23.0M
Q2 24
$27.8M
Q1 24
$-8.0M
$-1.3M
Free Cash Flow
AVNS
AVNS
BBLG
BBLG
Q4 25
$21.3M
Q3 25
$7.0M
Q2 25
$-4.2M
Q1 25
$19.0M
Q4 24
$53.1M
Q3 24
$20.0M
Q2 24
$21.9M
Q1 24
$-12.1M
FCF Margin
AVNS
AVNS
BBLG
BBLG
Q4 25
11.8%
Q3 25
3.9%
Q2 25
-2.4%
Q1 25
11.3%
Q4 24
29.6%
Q3 24
11.7%
Q2 24
12.8%
Q1 24
-7.3%
Capex Intensity
AVNS
AVNS
BBLG
BBLG
Q4 25
3.8%
Q3 25
3.9%
Q2 25
6.3%
Q1 25
4.0%
Q4 24
2.7%
Q3 24
1.8%
Q2 24
3.4%
Q1 24
2.5%
Cash Conversion
AVNS
AVNS
BBLG
BBLG
Q4 25
Q3 25
Q2 25
Q1 25
3.89×
Q4 24
Q3 24
5.35×
Q2 24
15.44×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVNS
AVNS

Enteral Feeding$83.0M46%
Radiofrequency Ablation$36.9M20%
Neonate Solutions$32.1M18%
Surgical Pain And Recovery$24.7M14%
Corporate Other$4.2M2%

BBLG
BBLG

Segment breakdown not available.

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