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

Mister Car Wash, Inc. is the larger business by last-quarter revenue ($261.2M vs $180.9M, roughly 1.4× AVANOS MEDICAL, INC.). Mister Car Wash, Inc. runs the higher net margin — 7.7% vs -0.7%, a 8.4% gap on every dollar of revenue. On growth, Mister Car Wash, Inc. posted the faster year-over-year revenue change (4.0% vs 0.7%). AVANOS MEDICAL, INC. produced more free cash flow last quarter ($21.3M vs $-16.8M). Over the past eight quarters, Mister Car Wash, Inc.'s revenue compounded faster (4.5% 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.

Brown Bear Car Wash is an American car wash chain based in Washington state. Founded in Seattle in 1957, it is the 12th largest car wash chain in the United States with 49 locations as of 2021.

AVNS vs MCW — Head-to-Head

Bigger by revenue
MCW
MCW
1.4× larger
MCW
$261.2M
$180.9M
AVNS
Growing faster (revenue YoY)
MCW
MCW
+3.3% gap
MCW
4.0%
0.7%
AVNS
Higher net margin
MCW
MCW
8.4% more per $
MCW
7.7%
-0.7%
AVNS
More free cash flow
AVNS
AVNS
$38.1M more FCF
AVNS
$21.3M
$-16.8M
MCW
Faster 2-yr revenue CAGR
MCW
MCW
Annualised
MCW
4.5%
4.4%
AVNS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVNS
AVNS
MCW
MCW
Revenue
$180.9M
$261.2M
Net Profit
$-1.3M
$20.1M
Gross Margin
47.5%
Operating Margin
1.4%
15.8%
Net Margin
-0.7%
7.7%
Revenue YoY
0.7%
4.0%
Net Profit YoY
99.7%
118.9%
EPS (diluted)
$-0.02
$0.06

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
MCW
MCW
Q4 25
$180.9M
$261.2M
Q3 25
$177.8M
$263.4M
Q2 25
$175.0M
$265.4M
Q1 25
$167.5M
$261.7M
Q4 24
$179.6M
$251.2M
Q3 24
$170.4M
$249.3M
Q2 24
$171.7M
$255.0M
Q1 24
$166.1M
$239.2M
Net Profit
AVNS
AVNS
MCW
MCW
Q4 25
$-1.3M
$20.1M
Q3 25
$-1.4M
$27.4M
Q2 25
$-76.8M
$28.6M
Q1 25
$6.6M
$27.0M
Q4 24
$-397.3M
$9.2M
Q3 24
$4.3M
$22.3M
Q2 24
$1.8M
$22.1M
Q1 24
$-900.0K
$16.6M
Gross Margin
AVNS
AVNS
MCW
MCW
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
MCW
MCW
Q4 25
1.4%
15.8%
Q3 25
0.1%
19.7%
Q2 25
-42.6%
20.4%
Q1 25
6.1%
20.2%
Q4 24
-233.0%
12.7%
Q3 24
7.0%
19.9%
Q2 24
3.7%
21.6%
Q1 24
2.4%
17.8%
Net Margin
AVNS
AVNS
MCW
MCW
Q4 25
-0.7%
7.7%
Q3 25
-0.8%
10.4%
Q2 25
-43.9%
10.8%
Q1 25
3.9%
10.3%
Q4 24
-221.2%
3.7%
Q3 24
2.5%
9.0%
Q2 24
1.0%
8.7%
Q1 24
-0.5%
7.0%
EPS (diluted)
AVNS
AVNS
MCW
MCW
Q4 25
$-0.02
$0.06
Q3 25
$-0.03
$0.08
Q2 25
$-1.66
$0.09
Q1 25
$0.14
$0.08
Q4 24
$-8.64
$0.02
Q3 24
$0.09
$0.07
Q2 24
$0.04
$0.07
Q1 24
$-0.02
$0.05

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
MCW
MCW
Cash + ST InvestmentsLiquidity on hand
$89.8M
$28.4M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
$1.1B
Total Assets
$1.1B
$3.2B
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
MCW
MCW
Q4 25
$89.8M
$28.4M
Q3 25
$70.5M
$35.7M
Q2 25
$90.3M
$26.4M
Q1 25
$97.0M
$39.1M
Q4 24
$107.7M
$67.5M
Q3 24
$89.0M
$16.5M
Q2 24
$92.2M
$3.6M
Q1 24
$75.8M
$10.7M
Total Debt
AVNS
AVNS
MCW
MCW
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
MCW
MCW
Q4 25
$778.2M
$1.1B
Q3 25
$778.0M
$1.1B
Q2 25
$776.3M
$1.1B
Q1 25
$839.4M
$1.0B
Q4 24
$828.5M
$998.4M
Q3 24
$1.2B
$979.4M
Q2 24
$1.2B
$949.4M
Q1 24
$1.2B
$928.7M
Total Assets
AVNS
AVNS
MCW
MCW
Q4 25
$1.1B
$3.2B
Q3 25
$1.1B
$3.1B
Q2 25
$1.0B
$3.1B
Q1 25
$1.1B
$3.1B
Q4 24
$1.2B
$3.1B
Q3 24
$1.7B
$3.0B
Q2 24
$1.7B
$3.0B
Q1 24
$1.7B
$2.9B
Debt / Equity
AVNS
AVNS
MCW
MCW
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
MCW
MCW
Operating Cash FlowLast quarter
$28.2M
$60.0M
Free Cash FlowOCF − Capex
$21.3M
$-16.8M
FCF MarginFCF / Revenue
11.8%
-6.4%
Capex IntensityCapex / Revenue
3.8%
29.4%
Cash ConversionOCF / Net Profit
2.99×
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$30.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
MCW
MCW
Q4 25
$28.2M
$60.0M
Q3 25
$14.0M
$91.4M
Q2 25
$6.8M
$46.8M
Q1 25
$25.7M
$87.5M
Q4 24
$57.9M
$49.8M
Q3 24
$23.0M
$80.0M
Q2 24
$27.8M
$60.9M
Q1 24
$-8.0M
$58.0M
Free Cash Flow
AVNS
AVNS
MCW
MCW
Q4 25
$21.3M
$-16.8M
Q3 25
$7.0M
$25.8M
Q2 25
$-4.2M
$-11.2M
Q1 25
$19.0M
$32.5M
Q4 24
$53.1M
$-20.4M
Q3 24
$20.0M
$-16.8M
Q2 24
$21.9M
$-20.4M
Q1 24
$-12.1M
$-23.9M
FCF Margin
AVNS
AVNS
MCW
MCW
Q4 25
11.8%
-6.4%
Q3 25
3.9%
9.8%
Q2 25
-2.4%
-4.2%
Q1 25
11.3%
12.4%
Q4 24
29.6%
-8.1%
Q3 24
11.7%
-6.8%
Q2 24
12.8%
-8.0%
Q1 24
-7.3%
-10.0%
Capex Intensity
AVNS
AVNS
MCW
MCW
Q4 25
3.8%
29.4%
Q3 25
3.9%
24.9%
Q2 25
6.3%
21.9%
Q1 25
4.0%
21.1%
Q4 24
2.7%
27.9%
Q3 24
1.8%
38.8%
Q2 24
3.4%
31.9%
Q1 24
2.5%
34.2%
Cash Conversion
AVNS
AVNS
MCW
MCW
Q4 25
2.99×
Q3 25
3.33×
Q2 25
1.64×
Q1 25
3.89×
3.24×
Q4 24
5.43×
Q3 24
5.35×
3.58×
Q2 24
15.44×
2.76×
Q1 24
3.49×

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%

MCW
MCW

Transferred Over Time$205.7M79%
Transferred At Point In Time$55.2M21%

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