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

AVANOS MEDICAL, INC. is the larger business by last-quarter revenue ($180.9M vs $119.0M, roughly 1.5× California Resources Corp). AVANOS MEDICAL, INC. produced more free cash flow last quarter ($21.3M vs $-32.0M). Over the past eight quarters, AVANOS MEDICAL, INC.'s revenue compounded faster (4.4% CAGR vs -46.3%).

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.

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

AVNS vs CRC — Head-to-Head

Bigger by revenue
AVNS
AVNS
1.5× larger
AVNS
$180.9M
$119.0M
CRC
More free cash flow
AVNS
AVNS
$53.3M more FCF
AVNS
$21.3M
$-32.0M
CRC
Faster 2-yr revenue CAGR
AVNS
AVNS
Annualised
AVNS
4.4%
-46.3%
CRC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVNS
AVNS
CRC
CRC
Revenue
$180.9M
$119.0M
Net Profit
$-1.3M
Gross Margin
47.5%
Operating Margin
1.4%
-597.5%
Net Margin
-0.7%
Revenue YoY
0.7%
Net Profit YoY
99.7%
EPS (diluted)
$-0.02
$-8.02

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
CRC
CRC
Q1 26
$119.0M
Q4 25
$180.9M
$679.0M
Q3 25
$177.8M
$715.0M
Q2 25
$175.0M
$702.0M
Q1 25
$167.5M
$814.0M
Q4 24
$179.6M
$826.0M
Q3 24
$170.4M
$870.0M
Q2 24
$171.7M
$412.0M
Net Profit
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
$-1.3M
$12.0M
Q3 25
$-1.4M
$64.0M
Q2 25
$-76.8M
$172.0M
Q1 25
$6.6M
$115.0M
Q4 24
$-397.3M
$33.0M
Q3 24
$4.3M
$345.0M
Q2 24
$1.8M
$8.0M
Gross Margin
AVNS
AVNS
CRC
CRC
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%
Operating Margin
AVNS
AVNS
CRC
CRC
Q1 26
-597.5%
Q4 25
1.4%
6.9%
Q3 25
0.1%
13.7%
Q2 25
-42.6%
38.0%
Q1 25
6.1%
22.9%
Q4 24
-233.0%
8.2%
Q3 24
7.0%
59.5%
Q2 24
3.7%
9.2%
Net Margin
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
-0.7%
1.8%
Q3 25
-0.8%
9.0%
Q2 25
-43.9%
24.5%
Q1 25
3.9%
14.1%
Q4 24
-221.2%
4.0%
Q3 24
2.5%
39.7%
Q2 24
1.0%
1.9%
EPS (diluted)
AVNS
AVNS
CRC
CRC
Q1 26
$-8.02
Q4 25
$-0.02
$0.21
Q3 25
$-0.03
$0.76
Q2 25
$-1.66
$1.92
Q1 25
$0.14
$1.26
Q4 24
$-8.64
$0.87
Q3 24
$0.09
$3.78
Q2 24
$0.04
$0.11

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
CRC
CRC
Cash + ST InvestmentsLiquidity on hand
$89.8M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
$2.9B
Total Assets
$1.1B
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
$89.8M
$132.0M
Q3 25
$70.5M
$196.0M
Q2 25
$90.3M
$72.0M
Q1 25
$97.0M
$214.0M
Q4 24
$107.7M
$372.0M
Q3 24
$89.0M
$241.0M
Q2 24
$92.2M
$1.0B
Total Debt
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
$90.3M
Q3 25
$93.4M
$1.0B
Q2 25
$95.7M
$1.0B
Q1 25
$98.0M
$1.0B
Q4 24
$125.3M
$1.1B
Q3 24
$152.6M
$1.1B
Q2 24
$164.9M
$1.2B
Stockholders' Equity
AVNS
AVNS
CRC
CRC
Q1 26
$2.9B
Q4 25
$778.2M
$3.7B
Q3 25
$778.0M
$3.4B
Q2 25
$776.3M
$3.4B
Q1 25
$839.4M
$3.5B
Q4 24
$828.5M
$3.5B
Q3 24
$1.2B
$3.5B
Q2 24
$1.2B
$2.1B
Total Assets
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
$1.1B
$7.4B
Q3 25
$1.1B
$6.8B
Q2 25
$1.0B
$6.7B
Q1 25
$1.1B
$6.8B
Q4 24
$1.2B
$7.1B
Q3 24
$1.7B
$7.1B
Q2 24
$1.7B
$4.5B
Debt / Equity
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
0.12×
Q3 25
0.12×
0.29×
Q2 25
0.12×
0.30×
Q1 25
0.12×
0.29×
Q4 24
0.15×
0.32×
Q3 24
0.12×
0.32×
Q2 24
0.13×
0.57×

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
CRC
CRC
Operating Cash FlowLast quarter
$28.2M
$99.0M
Free Cash FlowOCF − Capex
$21.3M
$-32.0M
FCF MarginFCF / Revenue
11.8%
-26.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
CRC
CRC
Q1 26
$99.0M
Q4 25
$28.2M
$235.0M
Q3 25
$14.0M
$279.0M
Q2 25
$6.8M
$165.0M
Q1 25
$25.7M
$186.0M
Q4 24
$57.9M
$206.0M
Q3 24
$23.0M
$220.0M
Q2 24
$27.8M
$97.0M
Free Cash Flow
AVNS
AVNS
CRC
CRC
Q1 26
$-32.0M
Q4 25
$21.3M
$115.0M
Q3 25
$7.0M
$188.0M
Q2 25
$-4.2M
$109.0M
Q1 25
$19.0M
$131.0M
Q4 24
$53.1M
$118.0M
Q3 24
$20.0M
$141.0M
Q2 24
$21.9M
$63.0M
FCF Margin
AVNS
AVNS
CRC
CRC
Q1 26
-26.9%
Q4 25
11.8%
16.9%
Q3 25
3.9%
26.3%
Q2 25
-2.4%
15.5%
Q1 25
11.3%
16.1%
Q4 24
29.6%
14.3%
Q3 24
11.7%
16.2%
Q2 24
12.8%
15.3%
Capex Intensity
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
3.8%
17.7%
Q3 25
3.9%
12.7%
Q2 25
6.3%
8.0%
Q1 25
4.0%
6.8%
Q4 24
2.7%
10.7%
Q3 24
1.8%
9.1%
Q2 24
3.4%
8.3%
Cash Conversion
AVNS
AVNS
CRC
CRC
Q1 26
Q4 25
19.58×
Q3 25
4.36×
Q2 25
0.96×
Q1 25
3.89×
1.62×
Q4 24
6.24×
Q3 24
5.35×
0.64×
Q2 24
15.44×
12.13×

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%

CRC
CRC

Segment breakdown not available.

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