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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) and BRANDYWINE REALTY TRUST (BDN). Click either name above to swap in a different company.

AVANOS MEDICAL, INC. is the larger business by last-quarter revenue ($180.9M vs $127.0M, roughly 1.4× BRANDYWINE REALTY TRUST). AVANOS MEDICAL, INC. runs the higher net margin — -0.7% vs -38.4%, a 37.7% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs 0.7%). Over the past eight quarters, AVANOS MEDICAL, INC.'s revenue compounded faster (4.4% CAGR vs 0.7%).

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.

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

AVNS vs BDN — Head-to-Head

Bigger by revenue
AVNS
AVNS
1.4× larger
AVNS
$180.9M
$127.0M
BDN
Growing faster (revenue YoY)
BDN
BDN
+3.8% gap
BDN
4.5%
0.7%
AVNS
Higher net margin
AVNS
AVNS
37.7% more per $
AVNS
-0.7%
-38.4%
BDN
Faster 2-yr revenue CAGR
AVNS
AVNS
Annualised
AVNS
4.4%
0.7%
BDN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVNS
AVNS
BDN
BDN
Revenue
$180.9M
$127.0M
Net Profit
$-1.3M
$-48.8M
Gross Margin
47.5%
Operating Margin
1.4%
1.2%
Net Margin
-0.7%
-38.4%
Revenue YoY
0.7%
4.5%
Net Profit YoY
99.7%
-80.4%
EPS (diluted)
$-0.02
$-0.28

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
BDN
BDN
Q1 26
$127.0M
Q4 25
$180.9M
$121.0M
Q3 25
$177.8M
$121.4M
Q2 25
$175.0M
$120.6M
Q1 25
$167.5M
$121.5M
Q4 24
$179.6M
$121.9M
Q3 24
$170.4M
$131.8M
Q2 24
$171.7M
$125.3M
Net Profit
AVNS
AVNS
BDN
BDN
Q1 26
$-48.8M
Q4 25
$-1.3M
$-36.7M
Q3 25
$-1.4M
$-25.9M
Q2 25
$-76.8M
$-88.7M
Q1 25
$6.6M
$-27.0M
Q4 24
$-397.3M
$-44.5M
Q3 24
$4.3M
$-165.2M
Q2 24
$1.8M
$30.2M
Gross Margin
AVNS
AVNS
BDN
BDN
Q1 26
Q4 25
47.5%
61.3%
Q3 25
48.4%
62.6%
Q2 25
52.6%
62.4%
Q1 25
53.6%
60.8%
Q4 24
54.6%
61.2%
Q3 24
54.5%
64.9%
Q2 24
55.7%
63.1%
Operating Margin
AVNS
AVNS
BDN
BDN
Q1 26
1.2%
Q4 25
1.4%
22.8%
Q3 25
0.1%
20.8%
Q2 25
-42.6%
-34.3%
Q1 25
6.1%
12.5%
Q4 24
-233.0%
18.0%
Q3 24
7.0%
-7.2%
Q2 24
3.7%
15.5%
Net Margin
AVNS
AVNS
BDN
BDN
Q1 26
-38.4%
Q4 25
-0.7%
-30.3%
Q3 25
-0.8%
-21.3%
Q2 25
-43.9%
-73.5%
Q1 25
3.9%
-22.2%
Q4 24
-221.2%
-36.5%
Q3 24
2.5%
-125.4%
Q2 24
1.0%
24.1%
EPS (diluted)
AVNS
AVNS
BDN
BDN
Q1 26
$-0.28
Q4 25
$-0.02
$-0.21
Q3 25
$-0.03
$-0.15
Q2 25
$-1.66
$-0.51
Q1 25
$0.14
$-0.16
Q4 24
$-8.64
$-0.25
Q3 24
$0.09
$-0.96
Q2 24
$0.04
$0.17

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
BDN
BDN
Cash + ST InvestmentsLiquidity on hand
$89.8M
$36.2M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
Total Assets
$1.1B
$3.6B
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
BDN
BDN
Q1 26
$36.2M
Q4 25
$89.8M
$32.3M
Q3 25
$70.5M
$75.5M
Q2 25
$90.3M
$122.6M
Q1 25
$97.0M
$29.4M
Q4 24
$107.7M
$90.2M
Q3 24
$89.0M
$36.5M
Q2 24
$92.2M
$30.4M
Total Debt
AVNS
AVNS
BDN
BDN
Q1 26
Q4 25
$90.3M
$2.6B
Q3 25
$93.4M
$2.3B
Q2 25
$95.7M
$2.3B
Q1 25
$98.0M
$2.2B
Q4 24
$125.3M
$2.2B
Q3 24
$152.6M
$2.3B
Q2 24
$164.9M
$2.2B
Stockholders' Equity
AVNS
AVNS
BDN
BDN
Q1 26
Q4 25
$778.2M
$792.7M
Q3 25
$778.0M
$841.5M
Q2 25
$776.3M
$879.8M
Q1 25
$839.4M
$993.6M
Q4 24
$828.5M
$1.0B
Q3 24
$1.2B
$1.1B
Q2 24
$1.2B
$1.3B
Total Assets
AVNS
AVNS
BDN
BDN
Q1 26
$3.6B
Q4 25
$1.1B
$3.6B
Q3 25
$1.1B
$3.3B
Q2 25
$1.0B
$3.4B
Q1 25
$1.1B
$3.4B
Q4 24
$1.2B
$3.5B
Q3 24
$1.7B
$3.6B
Q2 24
$1.7B
$3.8B
Debt / Equity
AVNS
AVNS
BDN
BDN
Q1 26
Q4 25
0.12×
3.23×
Q3 25
0.12×
2.70×
Q2 25
0.12×
2.63×
Q1 25
0.12×
2.23×
Q4 24
0.15×
2.13×
Q3 24
0.12×
2.06×
Q2 24
0.13×
1.73×

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
BDN
BDN
Operating Cash FlowLast quarter
$28.2M
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
BDN
BDN
Q1 26
Q4 25
$28.2M
$116.7M
Q3 25
$14.0M
$47.5M
Q2 25
$6.8M
$34.4M
Q1 25
$25.7M
$6.3M
Q4 24
$57.9M
$181.1M
Q3 24
$23.0M
$52.2M
Q2 24
$27.8M
$48.2M
Free Cash Flow
AVNS
AVNS
BDN
BDN
Q1 26
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
FCF Margin
AVNS
AVNS
BDN
BDN
Q1 26
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%
Capex Intensity
AVNS
AVNS
BDN
BDN
Q1 26
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%
Cash Conversion
AVNS
AVNS
BDN
BDN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
3.89×
Q4 24
Q3 24
5.35×
Q2 24
15.44×
1.60×

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%

BDN
BDN

Rents$120.7M95%
Third party management fees, labor reimbursement and leasing$4.7M4%

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