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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.

FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $180.9M, roughly 1.7× AVANOS MEDICAL, INC.). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs -0.7%, a 35.5% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 0.7%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% 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.

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

AVNS vs FIBK — Head-to-Head

Bigger by revenue
FIBK
FIBK
1.7× larger
FIBK
$313.0M
$180.9M
AVNS
Growing faster (revenue YoY)
FIBK
FIBK
+19.1% gap
FIBK
19.8%
0.7%
AVNS
Higher net margin
FIBK
FIBK
35.5% more per $
FIBK
34.8%
-0.7%
AVNS
Faster 2-yr revenue CAGR
FIBK
FIBK
Annualised
FIBK
13.7%
4.4%
AVNS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVNS
AVNS
FIBK
FIBK
Revenue
$180.9M
$313.0M
Net Profit
$-1.3M
$108.8M
Gross Margin
47.5%
Operating Margin
1.4%
44.5%
Net Margin
-0.7%
34.8%
Revenue YoY
0.7%
19.8%
Net Profit YoY
99.7%
108.8%
EPS (diluted)
$-0.02
$1.07

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
FIBK
FIBK
Q4 25
$180.9M
$313.0M
Q3 25
$177.8M
$250.5M
Q2 25
$175.0M
$248.3M
Q1 25
$167.5M
$247.0M
Q4 24
$179.6M
$261.3M
Q3 24
$170.4M
$251.9M
Q2 24
$171.7M
$244.3M
Q1 24
$166.1M
$242.2M
Net Profit
AVNS
AVNS
FIBK
FIBK
Q4 25
$-1.3M
$108.8M
Q3 25
$-1.4M
$71.4M
Q2 25
$-76.8M
$71.7M
Q1 25
$6.6M
$50.2M
Q4 24
$-397.3M
$52.1M
Q3 24
$4.3M
$55.5M
Q2 24
$1.8M
$60.0M
Q1 24
$-900.0K
$58.4M
Gross Margin
AVNS
AVNS
FIBK
FIBK
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
FIBK
FIBK
Q4 25
1.4%
44.5%
Q3 25
0.1%
37.0%
Q2 25
-42.6%
37.7%
Q1 25
6.1%
26.9%
Q4 24
-233.0%
25.5%
Q3 24
7.0%
28.9%
Q2 24
3.7%
32.1%
Q1 24
2.4%
31.7%
Net Margin
AVNS
AVNS
FIBK
FIBK
Q4 25
-0.7%
34.8%
Q3 25
-0.8%
28.5%
Q2 25
-43.9%
28.9%
Q1 25
3.9%
20.3%
Q4 24
-221.2%
19.9%
Q3 24
2.5%
22.0%
Q2 24
1.0%
24.6%
Q1 24
-0.5%
24.1%
EPS (diluted)
AVNS
AVNS
FIBK
FIBK
Q4 25
$-0.02
$1.07
Q3 25
$-0.03
$0.69
Q2 25
$-1.66
$0.69
Q1 25
$0.14
$0.49
Q4 24
$-8.64
$0.50
Q3 24
$0.09
$0.54
Q2 24
$0.04
$0.58
Q1 24
$-0.02
$0.57

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$89.8M
Total DebtLower is stronger
$90.3M
$146.3M
Stockholders' EquityBook value
$778.2M
$3.4B
Total Assets
$1.1B
$26.6B
Debt / EquityLower = less leverage
0.12×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
FIBK
FIBK
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
FIBK
FIBK
Q4 25
$90.3M
$146.3M
Q3 25
$93.4M
$146.2M
Q2 25
$95.7M
$252.0M
Q1 25
$98.0M
Q4 24
$125.3M
$132.2M
Q3 24
$152.6M
$137.3M
Q2 24
$164.9M
$383.4M
Q1 24
$167.2M
$370.8M
Stockholders' Equity
AVNS
AVNS
FIBK
FIBK
Q4 25
$778.2M
$3.4B
Q3 25
$778.0M
$3.4B
Q2 25
$776.3M
$3.4B
Q1 25
$839.4M
$3.4B
Q4 24
$828.5M
$3.3B
Q3 24
$1.2B
$3.4B
Q2 24
$1.2B
$3.2B
Q1 24
$1.2B
$3.2B
Total Assets
AVNS
AVNS
FIBK
FIBK
Q4 25
$1.1B
$26.6B
Q3 25
$1.1B
$27.3B
Q2 25
$1.0B
$27.6B
Q1 25
$1.1B
$28.3B
Q4 24
$1.2B
$29.1B
Q3 24
$1.7B
$29.6B
Q2 24
$1.7B
$30.3B
Q1 24
$1.7B
$30.1B
Debt / Equity
AVNS
AVNS
FIBK
FIBK
Q4 25
0.12×
0.04×
Q3 25
0.12×
0.04×
Q2 25
0.12×
0.07×
Q1 25
0.12×
Q4 24
0.15×
0.04×
Q3 24
0.12×
0.04×
Q2 24
0.13×
0.12×
Q1 24
0.14×
0.12×

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
FIBK
FIBK
Operating Cash FlowLast quarter
$28.2M
$305.6M
Free Cash FlowOCF − Capex
$21.3M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$43.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
FIBK
FIBK
Q4 25
$28.2M
$305.6M
Q3 25
$14.0M
$91.7M
Q2 25
$6.8M
$68.1M
Q1 25
$25.7M
$78.5M
Q4 24
$57.9M
$355.0M
Q3 24
$23.0M
$89.9M
Q2 24
$27.8M
$82.3M
Q1 24
$-8.0M
$87.6M
Free Cash Flow
AVNS
AVNS
FIBK
FIBK
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
FIBK
FIBK
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
FIBK
FIBK
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
FIBK
FIBK
Q4 25
2.81×
Q3 25
1.28×
Q2 25
0.95×
Q1 25
3.89×
1.56×
Q4 24
6.81×
Q3 24
5.35×
1.62×
Q2 24
15.44×
1.37×
Q1 24
1.50×

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%

FIBK
FIBK

Segment breakdown not available.

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