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

AVANOS MEDICAL, INC. is the larger business by last-quarter revenue ($180.9M vs $145.5M, roughly 1.2× Live Oak Bancshares, Inc.). Live Oak Bancshares, Inc. runs the higher net margin — 19.2% vs -0.7%, a 19.9% gap on every dollar of revenue. On growth, Live Oak Bancshares, Inc. posted the faster year-over-year revenue change (18.4% vs 0.7%). Over the past eight quarters, Live Oak Bancshares, Inc.'s revenue compounded faster (7.7% 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.

Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc., is an American bank. Headquartered in Wilmington, North Carolina, it serves small business owners in all 50 states and was the leading SBA 7(a) lender by dollar volume in 2022.

AVNS vs LOB — Head-to-Head

Bigger by revenue
AVNS
AVNS
1.2× larger
AVNS
$180.9M
$145.5M
LOB
Growing faster (revenue YoY)
LOB
LOB
+17.6% gap
LOB
18.4%
0.7%
AVNS
Higher net margin
LOB
LOB
19.9% more per $
LOB
19.2%
-0.7%
AVNS
Faster 2-yr revenue CAGR
LOB
LOB
Annualised
LOB
7.7%
4.4%
AVNS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVNS
AVNS
LOB
LOB
Revenue
$180.9M
$145.5M
Net Profit
$-1.3M
$27.9M
Gross Margin
47.5%
Operating Margin
1.4%
Net Margin
-0.7%
19.2%
Revenue YoY
0.7%
18.4%
Net Profit YoY
99.7%
187.6%
EPS (diluted)
$-0.02
$0.60

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
LOB
LOB
Q1 26
$145.5M
Q4 25
$180.9M
$161.9M
Q3 25
$177.8M
$146.1M
Q2 25
$175.0M
$143.7M
Q1 25
$167.5M
$126.1M
Q4 24
$179.6M
$116.9M
Q3 24
$170.4M
$129.9M
Q2 24
$171.7M
$125.5M
Net Profit
AVNS
AVNS
LOB
LOB
Q1 26
$27.9M
Q4 25
$-1.3M
$46.2M
Q3 25
$-1.4M
$26.5M
Q2 25
$-76.8M
$23.4M
Q1 25
$6.6M
$9.7M
Q4 24
$-397.3M
$9.9M
Q3 24
$4.3M
$13.0M
Q2 24
$1.8M
$27.0M
Gross Margin
AVNS
AVNS
LOB
LOB
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
LOB
LOB
Q1 26
Q4 25
1.4%
38.2%
Q3 25
0.1%
25.0%
Q2 25
-42.6%
21.7%
Q1 25
6.1%
10.4%
Q4 24
-233.0%
11.3%
Q3 24
7.0%
13.7%
Q2 24
3.7%
28.7%
Net Margin
AVNS
AVNS
LOB
LOB
Q1 26
19.2%
Q4 25
-0.7%
28.5%
Q3 25
-0.8%
18.1%
Q2 25
-43.9%
16.3%
Q1 25
3.9%
7.7%
Q4 24
-221.2%
8.5%
Q3 24
2.5%
10.0%
Q2 24
1.0%
21.5%
EPS (diluted)
AVNS
AVNS
LOB
LOB
Q1 26
$0.60
Q4 25
$-0.02
$0.96
Q3 25
$-0.03
$0.55
Q2 25
$-1.66
$0.51
Q1 25
$0.14
$0.21
Q4 24
$-8.64
$0.22
Q3 24
$0.09
$0.28
Q2 24
$0.04
$0.59

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
LOB
LOB
Cash + ST InvestmentsLiquidity on hand
$89.8M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
$1.3B
Total Assets
$1.1B
$15.3B
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
LOB
LOB
Q1 26
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
Total Debt
AVNS
AVNS
LOB
LOB
Q1 26
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
Stockholders' Equity
AVNS
AVNS
LOB
LOB
Q1 26
$1.3B
Q4 25
$778.2M
$1.2B
Q3 25
$778.0M
$1.2B
Q2 25
$776.3M
$1.1B
Q1 25
$839.4M
$1.0B
Q4 24
$828.5M
$999.0M
Q3 24
$1.2B
$1.0B
Q2 24
$1.2B
$961.0M
Total Assets
AVNS
AVNS
LOB
LOB
Q1 26
$15.3B
Q4 25
$1.1B
$15.1B
Q3 25
$1.1B
$14.7B
Q2 25
$1.0B
$13.8B
Q1 25
$1.1B
$13.6B
Q4 24
$1.2B
$12.9B
Q3 24
$1.7B
$12.6B
Q2 24
$1.7B
$11.9B
Debt / Equity
AVNS
AVNS
LOB
LOB
Q1 26
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×

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
LOB
LOB
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
LOB
LOB
Q1 26
Q4 25
$28.2M
$158.2M
Q3 25
$14.0M
$62.3M
Q2 25
$6.8M
$49.2M
Q1 25
$25.7M
$-33.0M
Q4 24
$57.9M
$156.8M
Q3 24
$23.0M
$47.4M
Q2 24
$27.8M
$29.5M
Free Cash Flow
AVNS
AVNS
LOB
LOB
Q1 26
Q4 25
$21.3M
$143.5M
Q3 25
$7.0M
$60.6M
Q2 25
$-4.2M
$47.8M
Q1 25
$19.0M
$-35.3M
Q4 24
$53.1M
$107.5M
Q3 24
$20.0M
$41.0M
Q2 24
$21.9M
$12.3M
FCF Margin
AVNS
AVNS
LOB
LOB
Q1 26
Q4 25
11.8%
88.6%
Q3 25
3.9%
41.4%
Q2 25
-2.4%
33.3%
Q1 25
11.3%
-28.0%
Q4 24
29.6%
91.9%
Q3 24
11.7%
31.6%
Q2 24
12.8%
9.8%
Capex Intensity
AVNS
AVNS
LOB
LOB
Q1 26
Q4 25
3.8%
9.1%
Q3 25
3.9%
1.2%
Q2 25
6.3%
1.0%
Q1 25
4.0%
1.8%
Q4 24
2.7%
42.2%
Q3 24
1.8%
4.9%
Q2 24
3.4%
13.7%
Cash Conversion
AVNS
AVNS
LOB
LOB
Q1 26
Q4 25
3.42×
Q3 25
2.35×
Q2 25
2.10×
Q1 25
3.89×
-3.39×
Q4 24
15.84×
Q3 24
5.35×
3.64×
Q2 24
15.44×
1.10×

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%

LOB
LOB

Segment breakdown not available.

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