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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) and BYLINE BANCORP, INC. (BY). Click either name above to swap in a different company.
AVANOS MEDICAL, INC. is the larger business by last-quarter revenue ($180.9M vs $112.4M, roughly 1.6× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -0.7%, a 34.2% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs 0.7%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs 4.4%).
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.
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
AVNS vs BY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $180.9M | $112.4M |
| Net Profit | $-1.3M | $37.6M |
| Gross Margin | 47.5% | — |
| Operating Margin | 1.4% | — |
| Net Margin | -0.7% | 33.4% |
| Revenue YoY | 0.7% | 9.0% |
| Net Profit YoY | 99.7% | 33.0% |
| EPS (diluted) | $-0.02 | $0.83 |
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.
| Q1 26 | — | $112.4M | ||
| Q4 25 | $180.9M | $117.0M | ||
| Q3 25 | $177.8M | $115.7M | ||
| Q2 25 | $175.0M | $110.5M | ||
| Q1 25 | $167.5M | $103.1M | ||
| Q4 24 | $179.6M | $104.7M | ||
| Q3 24 | $170.4M | $101.8M | ||
| Q2 24 | $171.7M | $99.4M |
| Q1 26 | — | $37.6M | ||
| Q4 25 | $-1.3M | $34.5M | ||
| Q3 25 | $-1.4M | $37.2M | ||
| Q2 25 | $-76.8M | $30.1M | ||
| Q1 25 | $6.6M | $28.2M | ||
| Q4 24 | $-397.3M | $30.3M | ||
| Q3 24 | $4.3M | $30.3M | ||
| Q2 24 | $1.8M | $29.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.4% | 40.1% | ||
| Q3 25 | 0.1% | 43.1% | ||
| Q2 25 | -42.6% | 35.2% | ||
| Q1 25 | 6.1% | 36.4% | ||
| Q4 24 | -233.0% | 38.6% | ||
| Q3 24 | 7.0% | 39.3% | ||
| Q2 24 | 3.7% | 40.4% |
| Q1 26 | — | 33.4% | ||
| Q4 25 | -0.7% | 34.1% | ||
| Q3 25 | -0.8% | 32.1% | ||
| Q2 25 | -43.9% | 27.2% | ||
| Q1 25 | 3.9% | 27.4% | ||
| Q4 24 | -221.2% | 34.3% | ||
| Q3 24 | 2.5% | 29.8% | ||
| Q2 24 | 1.0% | 29.9% |
| Q1 26 | — | $0.83 | ||
| Q4 25 | $-0.02 | $0.77 | ||
| Q3 25 | $-0.03 | $0.82 | ||
| Q2 25 | $-1.66 | $0.66 | ||
| Q1 25 | $0.14 | $0.64 | ||
| Q4 24 | $-8.64 | $0.68 | ||
| Q3 24 | $0.09 | $0.69 | ||
| Q2 24 | $0.04 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $89.8M | $198.4M |
| Total DebtLower is stronger | $90.3M | — |
| Stockholders' EquityBook value | $778.2M | $1.3B |
| Total Assets | $1.1B | $9.9B |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $198.4M | ||
| Q4 25 | $89.8M | $149.1M | ||
| Q3 25 | $70.5M | $259.0M | ||
| Q2 25 | $90.3M | $218.3M | ||
| Q1 25 | $97.0M | $421.3M | ||
| Q4 24 | $107.7M | $563.1M | ||
| Q3 24 | $89.0M | $452.6M | ||
| Q2 24 | $92.2M | $730.5M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.3B | ||
| Q4 25 | $778.2M | $1.3B | ||
| Q3 25 | $778.0M | $1.2B | ||
| Q2 25 | $776.3M | $1.2B | ||
| Q1 25 | $839.4M | $1.1B | ||
| Q4 24 | $828.5M | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.0B |
| Q1 26 | — | $9.9B | ||
| Q4 25 | $1.1B | $9.7B | ||
| Q3 25 | $1.1B | $9.8B | ||
| Q2 25 | $1.0B | $9.7B | ||
| Q1 25 | $1.1B | $9.6B | ||
| Q4 24 | $1.2B | $9.5B | ||
| Q3 24 | $1.7B | $9.4B | ||
| Q2 24 | $1.7B | $9.6B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $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.
| Q1 26 | — | — | ||
| Q4 25 | $28.2M | $140.3M | ||
| Q3 25 | $14.0M | $38.3M | ||
| Q2 25 | $6.8M | $16.3M | ||
| Q1 25 | $25.7M | $27.1M | ||
| Q4 24 | $57.9M | $175.2M | ||
| Q3 24 | $23.0M | $19.8M | ||
| Q2 24 | $27.8M | $40.1M |
| Q1 26 | — | — | ||
| Q4 25 | $21.3M | $136.3M | ||
| Q3 25 | $7.0M | $38.0M | ||
| Q2 25 | $-4.2M | $15.2M | ||
| Q1 25 | $19.0M | $25.0M | ||
| Q4 24 | $53.1M | $171.2M | ||
| Q3 24 | $20.0M | $19.1M | ||
| Q2 24 | $21.9M | $39.4M |
| Q1 26 | — | — | ||
| Q4 25 | 11.8% | 116.5% | ||
| Q3 25 | 3.9% | 32.8% | ||
| Q2 25 | -2.4% | 13.7% | ||
| Q1 25 | 11.3% | 24.3% | ||
| Q4 24 | 29.6% | 163.5% | ||
| Q3 24 | 11.7% | 18.8% | ||
| Q2 24 | 12.8% | 39.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 3.4% | ||
| Q3 25 | 3.9% | 0.3% | ||
| Q2 25 | 6.3% | 1.0% | ||
| Q1 25 | 4.0% | 2.0% | ||
| Q4 24 | 2.7% | 3.8% | ||
| Q3 24 | 1.8% | 0.6% | ||
| Q2 24 | 3.4% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | 3.89× | 0.96× | ||
| Q4 24 | — | 5.78× | ||
| Q3 24 | 5.35× | 0.65× | ||
| Q2 24 | 15.44× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVNS
| Enteral Feeding | $83.0M | 46% |
| Radiofrequency Ablation | $36.9M | 20% |
| Neonate Solutions | $32.1M | 18% |
| Surgical Pain And Recovery | $24.7M | 14% |
| Corporate Other | $4.2M | 2% |
BY
Segment breakdown not available.
