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

AVANOS MEDICAL, INC. is the larger business by last-quarter revenue ($180.9M vs $119.9M, roughly 1.5× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs -0.7%, a 14.6% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 0.7%).

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.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

AVNS vs GDEV — Head-to-Head

Bigger by revenue
AVNS
AVNS
1.5× larger
AVNS
$180.9M
$119.9M
GDEV
Growing faster (revenue YoY)
GDEV
GDEV
+12.6% gap
GDEV
13.3%
0.7%
AVNS
Higher net margin
GDEV
GDEV
14.6% more per $
GDEV
13.9%
-0.7%
AVNS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AVNS
AVNS
GDEV
GDEV
Revenue
$180.9M
$119.9M
Net Profit
$-1.3M
$16.6M
Gross Margin
47.5%
Operating Margin
1.4%
15.5%
Net Margin
-0.7%
13.9%
Revenue YoY
0.7%
13.3%
Net Profit YoY
99.7%
13.0%
EPS (diluted)
$-0.02
$0.90

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
GDEV
GDEV
Q4 25
$180.9M
Q3 25
$177.8M
Q2 25
$175.0M
$119.9M
Q1 25
$167.5M
Q4 24
$179.6M
Q3 24
$170.4M
Q2 24
$171.7M
$105.8M
Q1 24
$166.1M
Net Profit
AVNS
AVNS
GDEV
GDEV
Q4 25
$-1.3M
Q3 25
$-1.4M
Q2 25
$-76.8M
$16.6M
Q1 25
$6.6M
Q4 24
$-397.3M
Q3 24
$4.3M
Q2 24
$1.8M
$14.7M
Q1 24
$-900.0K
Gross Margin
AVNS
AVNS
GDEV
GDEV
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
GDEV
GDEV
Q4 25
1.4%
Q3 25
0.1%
Q2 25
-42.6%
15.5%
Q1 25
6.1%
Q4 24
-233.0%
Q3 24
7.0%
Q2 24
3.7%
14.4%
Q1 24
2.4%
Net Margin
AVNS
AVNS
GDEV
GDEV
Q4 25
-0.7%
Q3 25
-0.8%
Q2 25
-43.9%
13.9%
Q1 25
3.9%
Q4 24
-221.2%
Q3 24
2.5%
Q2 24
1.0%
13.9%
Q1 24
-0.5%
EPS (diluted)
AVNS
AVNS
GDEV
GDEV
Q4 25
$-0.02
Q3 25
$-0.03
Q2 25
$-1.66
$0.90
Q1 25
$0.14
Q4 24
$-8.64
Q3 24
$0.09
Q2 24
$0.04
$0.81
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$89.8M
$41.6M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
$-129.4M
Total Assets
$1.1B
$210.2M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
GDEV
GDEV
Q4 25
$89.8M
Q3 25
$70.5M
Q2 25
$90.3M
$41.6M
Q1 25
$97.0M
Q4 24
$107.7M
Q3 24
$89.0M
Q2 24
$92.2M
$50.8M
Q1 24
$75.8M
Total Debt
AVNS
AVNS
GDEV
GDEV
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 24
$167.2M
Stockholders' Equity
AVNS
AVNS
GDEV
GDEV
Q4 25
$778.2M
Q3 25
$778.0M
Q2 25
$776.3M
$-129.4M
Q1 25
$839.4M
Q4 24
$828.5M
Q3 24
$1.2B
Q2 24
$1.2B
$-118.7M
Q1 24
$1.2B
Total Assets
AVNS
AVNS
GDEV
GDEV
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
$210.2M
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.7B
Q2 24
$1.7B
$282.8M
Q1 24
$1.7B
Debt / Equity
AVNS
AVNS
GDEV
GDEV
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×
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
GDEV
GDEV
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.

Operating Cash Flow
AVNS
AVNS
GDEV
GDEV
Q4 25
$28.2M
Q3 25
$14.0M
Q2 25
$6.8M
Q1 25
$25.7M
Q4 24
$57.9M
Q3 24
$23.0M
Q2 24
$27.8M
Q1 24
$-8.0M
Free Cash Flow
AVNS
AVNS
GDEV
GDEV
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
GDEV
GDEV
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
GDEV
GDEV
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
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
3.89×
Q4 24
Q3 24
5.35×
Q2 24
15.44×
Q1 24

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%

GDEV
GDEV

Segment breakdown not available.

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