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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) and FOX FACTORY HOLDING CORP (FOXF). Click either name above to swap in a different company.

FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($361.1M vs $180.9M, roughly 2.0× AVANOS MEDICAL, INC.). On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (2.3% vs 0.7%). Over the past eight quarters, AVANOS MEDICAL, INC.'s revenue compounded faster (4.4% CAGR vs 1.8%).

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.

Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.

AVNS vs FOXF — Head-to-Head

Bigger by revenue
FOXF
FOXF
2.0× larger
FOXF
$361.1M
$180.9M
AVNS
Growing faster (revenue YoY)
FOXF
FOXF
+1.6% gap
FOXF
2.3%
0.7%
AVNS
Faster 2-yr revenue CAGR
AVNS
AVNS
Annualised
AVNS
4.4%
1.8%
FOXF

Income Statement — Q4 FY2025 vs Q4 FY2027

Metric
AVNS
AVNS
FOXF
FOXF
Revenue
$180.9M
$361.1M
Net Profit
$-1.3M
Gross Margin
47.5%
28.3%
Operating Margin
1.4%
-13.0%
Net Margin
-0.7%
Revenue YoY
0.7%
2.3%
Net Profit YoY
99.7%
EPS (diluted)
$-0.02
$-6.86

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
FOXF
FOXF
Q4 26
$361.1M
Q1 26
$368.7M
Q4 25
$180.9M
$376.4M
Q3 25
$177.8M
$374.9M
Q2 25
$175.0M
$355.0M
Q1 25
$167.5M
$352.8M
Q4 24
$179.6M
Q3 24
$170.4M
$359.1M
Net Profit
AVNS
AVNS
FOXF
FOXF
Q4 26
Q1 26
$-15.0M
Q4 25
$-1.3M
$-634.0K
Q3 25
$-1.4M
$2.7M
Q2 25
$-76.8M
$-259.7M
Q1 25
$6.6M
$-141.0K
Q4 24
$-397.3M
Q3 24
$4.3M
$4.8M
Gross Margin
AVNS
AVNS
FOXF
FOXF
Q4 26
28.3%
Q1 26
28.9%
Q4 25
47.5%
30.4%
Q3 25
48.4%
31.2%
Q2 25
52.6%
30.9%
Q1 25
53.6%
28.9%
Q4 24
54.6%
Q3 24
54.5%
29.9%
Operating Margin
AVNS
AVNS
FOXF
FOXF
Q4 26
-13.0%
Q1 26
72.8%
Q4 25
1.4%
4.0%
Q3 25
0.1%
4.9%
Q2 25
-42.6%
-70.6%
Q1 25
6.1%
3.2%
Q4 24
-233.0%
Q3 24
7.0%
5.2%
Net Margin
AVNS
AVNS
FOXF
FOXF
Q4 26
Q1 26
-4.1%
Q4 25
-0.7%
-0.2%
Q3 25
-0.8%
0.7%
Q2 25
-43.9%
-73.1%
Q1 25
3.9%
-0.0%
Q4 24
-221.2%
Q3 24
2.5%
1.3%
EPS (diluted)
AVNS
AVNS
FOXF
FOXF
Q4 26
$-6.86
Q1 26
$-0.36
Q4 25
$-0.02
$-0.02
Q3 25
$-0.03
$0.07
Q2 25
$-1.66
$-6.23
Q1 25
$0.14
$0.00
Q4 24
$-8.64
Q3 24
$0.09
$0.11

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
FOXF
FOXF
Cash + ST InvestmentsLiquidity on hand
$89.8M
$58.0M
Total DebtLower is stronger
$90.3M
$26.9M
Stockholders' EquityBook value
$778.2M
$670.2M
Total Assets
$1.1B
$1.7B
Debt / EquityLower = less leverage
0.12×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
FOXF
FOXF
Q4 26
$58.0M
Q1 26
$53.9M
Q4 25
$89.8M
Q3 25
$70.5M
Q2 25
$90.3M
Q1 25
$97.0M
$71.7M
Q4 24
$107.7M
Q3 24
$89.0M
Total Debt
AVNS
AVNS
FOXF
FOXF
Q4 26
$26.9M
Q1 26
$26.9M
Q4 25
$90.3M
$536.7M
Q3 25
$93.4M
$541.8M
Q2 25
$95.7M
$546.9M
Q1 25
$98.0M
$552.1M
Q4 24
$125.3M
Q3 24
$152.6M
$558.4M
Stockholders' Equity
AVNS
AVNS
FOXF
FOXF
Q4 26
$670.2M
Q1 26
$658.8M
Q4 25
$778.2M
$956.0M
Q3 25
$778.0M
$958.7M
Q2 25
$776.3M
$939.9M
Q1 25
$839.4M
$1.2B
Q4 24
$828.5M
Q3 24
$1.2B
$1.2B
Total Assets
AVNS
AVNS
FOXF
FOXF
Q4 26
$1.7B
Q1 26
$1.7B
Q4 25
$1.1B
$2.0B
Q3 25
$1.1B
$2.0B
Q2 25
$1.0B
$1.9B
Q1 25
$1.1B
$2.2B
Q4 24
$1.2B
Q3 24
$1.7B
$2.3B
Debt / Equity
AVNS
AVNS
FOXF
FOXF
Q4 26
0.04×
Q1 26
0.04×
Q4 25
0.12×
0.56×
Q3 25
0.12×
0.57×
Q2 25
0.12×
0.58×
Q1 25
0.12×
0.46×
Q4 24
0.15×
Q3 24
0.12×
0.47×

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
FOXF
FOXF
Operating Cash FlowLast quarter
$28.2M
$60.9M
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
FOXF
FOXF
Q4 26
$60.9M
Q1 26
Q4 25
$28.2M
$5.3M
Q3 25
$14.0M
$36.8M
Q2 25
$6.8M
$680.0K
Q1 25
$25.7M
$81.7M
Q4 24
$57.9M
Q3 24
$23.0M
$14.1M
Free Cash Flow
AVNS
AVNS
FOXF
FOXF
Q4 26
Q1 26
Q4 25
$21.3M
$-2.5M
Q3 25
$7.0M
$24.6M
Q2 25
$-4.2M
$-6.5M
Q1 25
$19.0M
$69.8M
Q4 24
$53.1M
Q3 24
$20.0M
$3.2M
FCF Margin
AVNS
AVNS
FOXF
FOXF
Q4 26
Q1 26
Q4 25
11.8%
-0.7%
Q3 25
3.9%
6.6%
Q2 25
-2.4%
-1.8%
Q1 25
11.3%
19.8%
Q4 24
29.6%
Q3 24
11.7%
0.9%
Capex Intensity
AVNS
AVNS
FOXF
FOXF
Q4 26
Q1 26
Q4 25
3.8%
2.1%
Q3 25
3.9%
3.3%
Q2 25
6.3%
2.0%
Q1 25
4.0%
3.4%
Q4 24
2.7%
Q3 24
1.8%
3.0%
Cash Conversion
AVNS
AVNS
FOXF
FOXF
Q4 26
Q1 26
Q4 25
Q3 25
13.41×
Q2 25
Q1 25
3.89×
Q4 24
Q3 24
5.35×
2.94×

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%

FOXF
FOXF

Aftermarket Applications Group$126.2M35%
Specialty Sports Group$118.2M33%
Powered Vehicles Group$116.7M32%

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