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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.

AVANOS MEDICAL, INC. is the larger business by last-quarter revenue ($180.9M vs $172.5M, roughly 1.0× Donnelley Financial Solutions, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -0.7%, a 4.3% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 0.7%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $21.3M). Over the past eight quarters, AVANOS MEDICAL, INC.'s revenue compounded faster (4.4% CAGR vs -7.9%).

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.

Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.

AVNS vs DFIN — Head-to-Head

Bigger by revenue
AVNS
AVNS
1.0× larger
AVNS
$180.9M
$172.5M
DFIN
Growing faster (revenue YoY)
DFIN
DFIN
+9.6% gap
DFIN
10.4%
0.7%
AVNS
Higher net margin
DFIN
DFIN
4.3% more per $
DFIN
3.6%
-0.7%
AVNS
More free cash flow
DFIN
DFIN
$26.6M more FCF
DFIN
$47.9M
$21.3M
AVNS
Faster 2-yr revenue CAGR
AVNS
AVNS
Annualised
AVNS
4.4%
-7.9%
DFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVNS
AVNS
DFIN
DFIN
Revenue
$180.9M
$172.5M
Net Profit
$-1.3M
$6.2M
Gross Margin
47.5%
Operating Margin
1.4%
8.3%
Net Margin
-0.7%
3.6%
Revenue YoY
0.7%
10.4%
Net Profit YoY
99.7%
-1.6%
EPS (diluted)
$-0.02
$0.31

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
DFIN
DFIN
Q4 25
$180.9M
$172.5M
Q3 25
$177.8M
$175.3M
Q2 25
$175.0M
$218.1M
Q1 25
$167.5M
$201.1M
Q4 24
$179.6M
$156.3M
Q3 24
$170.4M
$179.5M
Q2 24
$171.7M
$242.7M
Q1 24
$166.1M
$203.4M
Net Profit
AVNS
AVNS
DFIN
DFIN
Q4 25
$-1.3M
$6.2M
Q3 25
$-1.4M
$-40.9M
Q2 25
$-76.8M
$36.1M
Q1 25
$6.6M
$31.0M
Q4 24
$-397.3M
$6.3M
Q3 24
$4.3M
$8.7M
Q2 24
$1.8M
$44.1M
Q1 24
$-900.0K
$33.3M
Gross Margin
AVNS
AVNS
DFIN
DFIN
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
DFIN
DFIN
Q4 25
1.4%
8.3%
Q3 25
0.1%
16.1%
Q2 25
-42.6%
24.2%
Q1 25
6.1%
22.8%
Q4 24
-233.0%
6.0%
Q3 24
7.0%
10.1%
Q2 24
3.7%
26.6%
Q1 24
2.4%
21.9%
Net Margin
AVNS
AVNS
DFIN
DFIN
Q4 25
-0.7%
3.6%
Q3 25
-0.8%
-23.3%
Q2 25
-43.9%
16.6%
Q1 25
3.9%
15.4%
Q4 24
-221.2%
4.0%
Q3 24
2.5%
4.8%
Q2 24
1.0%
18.2%
Q1 24
-0.5%
16.4%
EPS (diluted)
AVNS
AVNS
DFIN
DFIN
Q4 25
$-0.02
$0.31
Q3 25
$-0.03
$-1.49
Q2 25
$-1.66
$1.28
Q1 25
$0.14
$1.05
Q4 24
$-8.64
$0.21
Q3 24
$0.09
$0.29
Q2 24
$0.04
$1.47
Q1 24
$-0.02
$1.09

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
DFIN
DFIN
Cash + ST InvestmentsLiquidity on hand
$89.8M
$24.5M
Total DebtLower is stronger
$90.3M
$171.3M
Stockholders' EquityBook value
$778.2M
$379.2M
Total Assets
$1.1B
$800.4M
Debt / EquityLower = less leverage
0.12×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
DFIN
DFIN
Q4 25
$89.8M
$24.5M
Q3 25
$70.5M
$22.7M
Q2 25
$90.3M
$33.8M
Q1 25
$97.0M
$16.2M
Q4 24
$107.7M
$57.3M
Q3 24
$89.0M
$33.6M
Q2 24
$92.2M
$35.0M
Q1 24
$75.8M
$43.7M
Total Debt
AVNS
AVNS
DFIN
DFIN
Q4 25
$90.3M
$171.3M
Q3 25
$93.4M
$154.7M
Q2 25
$95.7M
$190.1M
Q1 25
$98.0M
$189.5M
Q4 24
$125.3M
$124.7M
Q3 24
$152.6M
Q2 24
$164.9M
Q1 24
$167.2M
Stockholders' Equity
AVNS
AVNS
DFIN
DFIN
Q4 25
$778.2M
$379.2M
Q3 25
$778.0M
$423.1M
Q2 25
$776.3M
$432.1M
Q1 25
$839.4M
$419.9M
Q4 24
$828.5M
$436.1M
Q3 24
$1.2B
$444.5M
Q2 24
$1.2B
$441.5M
Q1 24
$1.2B
$408.9M
Total Assets
AVNS
AVNS
DFIN
DFIN
Q4 25
$1.1B
$800.4M
Q3 25
$1.1B
$816.3M
Q2 25
$1.0B
$874.7M
Q1 25
$1.1B
$852.8M
Q4 24
$1.2B
$841.6M
Q3 24
$1.7B
$843.6M
Q2 24
$1.7B
$882.9M
Q1 24
$1.7B
$867.8M
Debt / Equity
AVNS
AVNS
DFIN
DFIN
Q4 25
0.12×
0.45×
Q3 25
0.12×
0.37×
Q2 25
0.12×
0.44×
Q1 25
0.12×
0.45×
Q4 24
0.15×
0.29×
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
DFIN
DFIN
Operating Cash FlowLast quarter
$28.2M
$59.8M
Free Cash FlowOCF − Capex
$21.3M
$47.9M
FCF MarginFCF / Revenue
11.8%
27.8%
Capex IntensityCapex / Revenue
3.8%
6.9%
Cash ConversionOCF / Net Profit
9.65×
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
DFIN
DFIN
Q4 25
$28.2M
$59.8M
Q3 25
$14.0M
$74.4M
Q2 25
$6.8M
$68.4M
Q1 25
$25.7M
$-37.7M
Q4 24
$57.9M
$56.4M
Q3 24
$23.0M
$86.4M
Q2 24
$27.8M
$56.2M
Q1 24
$-8.0M
$-27.9M
Free Cash Flow
AVNS
AVNS
DFIN
DFIN
Q4 25
$21.3M
$47.9M
Q3 25
$7.0M
$59.2M
Q2 25
$-4.2M
$51.7M
Q1 25
$19.0M
$-51.0M
Q4 24
$53.1M
$41.3M
Q3 24
$20.0M
$67.3M
Q2 24
$21.9M
$36.8M
Q1 24
$-12.1M
$-40.2M
FCF Margin
AVNS
AVNS
DFIN
DFIN
Q4 25
11.8%
27.8%
Q3 25
3.9%
33.8%
Q2 25
-2.4%
23.7%
Q1 25
11.3%
-25.4%
Q4 24
29.6%
26.4%
Q3 24
11.7%
37.5%
Q2 24
12.8%
15.2%
Q1 24
-7.3%
-19.8%
Capex Intensity
AVNS
AVNS
DFIN
DFIN
Q4 25
3.8%
6.9%
Q3 25
3.9%
8.7%
Q2 25
6.3%
7.7%
Q1 25
4.0%
6.6%
Q4 24
2.7%
9.7%
Q3 24
1.8%
10.6%
Q2 24
3.4%
8.0%
Q1 24
2.5%
6.0%
Cash Conversion
AVNS
AVNS
DFIN
DFIN
Q4 25
9.65×
Q3 25
Q2 25
1.89×
Q1 25
3.89×
-1.22×
Q4 24
8.95×
Q3 24
5.35×
9.93×
Q2 24
15.44×
1.27×
Q1 24
-0.84×

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%

DFIN
DFIN

Technology Service$68.0M39%
Capital Markets Compliance And Communications Management$61.6M36%
Investment Companies Software Solutions$30.9M18%
Print And Distribution Service$13.6M8%

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