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

POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $180.9M, roughly 1.1× AVANOS MEDICAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -0.7%, a 9.1% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 0.7%). AVANOS MEDICAL, INC. produced more free cash flow last quarter ($21.3M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% 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.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

AVNS vs PSIX — Head-to-Head

Bigger by revenue
PSIX
PSIX
1.1× larger
PSIX
$191.2M
$180.9M
AVNS
Growing faster (revenue YoY)
PSIX
PSIX
+31.8% gap
PSIX
32.5%
0.7%
AVNS
Higher net margin
PSIX
PSIX
9.1% more per $
PSIX
8.4%
-0.7%
AVNS
More free cash flow
AVNS
AVNS
$28.9M more FCF
AVNS
$21.3M
$-7.6M
PSIX
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
4.4%
AVNS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVNS
AVNS
PSIX
PSIX
Revenue
$180.9M
$191.2M
Net Profit
$-1.3M
$16.1M
Gross Margin
47.5%
21.9%
Operating Margin
1.4%
12.7%
Net Margin
-0.7%
8.4%
Revenue YoY
0.7%
32.5%
Net Profit YoY
99.7%
-31.0%
EPS (diluted)
$-0.02
$0.69

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
PSIX
PSIX
Q4 25
$180.9M
$191.2M
Q3 25
$177.8M
$203.8M
Q2 25
$175.0M
$191.9M
Q1 25
$167.5M
$135.4M
Q4 24
$179.6M
$144.3M
Q3 24
$170.4M
$125.8M
Q2 24
$171.7M
$110.6M
Q1 24
$166.1M
$95.2M
Net Profit
AVNS
AVNS
PSIX
PSIX
Q4 25
$-1.3M
$16.1M
Q3 25
$-1.4M
$27.6M
Q2 25
$-76.8M
$51.2M
Q1 25
$6.6M
$19.1M
Q4 24
$-397.3M
$23.3M
Q3 24
$4.3M
$17.3M
Q2 24
$1.8M
$21.5M
Q1 24
$-900.0K
$7.1M
Gross Margin
AVNS
AVNS
PSIX
PSIX
Q4 25
47.5%
21.9%
Q3 25
48.4%
23.9%
Q2 25
52.6%
28.2%
Q1 25
53.6%
29.7%
Q4 24
54.6%
29.9%
Q3 24
54.5%
28.9%
Q2 24
55.7%
31.8%
Q1 24
57.1%
27.0%
Operating Margin
AVNS
AVNS
PSIX
PSIX
Q4 25
1.4%
12.7%
Q3 25
0.1%
13.9%
Q2 25
-42.6%
16.9%
Q1 25
6.1%
18.2%
Q4 24
-233.0%
17.5%
Q3 24
7.0%
16.3%
Q2 24
3.7%
22.9%
Q1 24
2.4%
11.2%
Net Margin
AVNS
AVNS
PSIX
PSIX
Q4 25
-0.7%
8.4%
Q3 25
-0.8%
13.5%
Q2 25
-43.9%
26.7%
Q1 25
3.9%
14.1%
Q4 24
-221.2%
16.1%
Q3 24
2.5%
13.8%
Q2 24
1.0%
19.5%
Q1 24
-0.5%
7.5%
EPS (diluted)
AVNS
AVNS
PSIX
PSIX
Q4 25
$-0.02
$0.69
Q3 25
$-0.03
$1.20
Q2 25
$-1.66
$2.22
Q1 25
$0.14
$0.83
Q4 24
$-8.64
$1.01
Q3 24
$0.09
$0.75
Q2 24
$0.04
$0.94
Q1 24
$-0.02
$0.31

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$89.8M
$41.3M
Total DebtLower is stronger
$90.3M
$96.6M
Stockholders' EquityBook value
$778.2M
$178.6M
Total Assets
$1.1B
$424.7M
Debt / EquityLower = less leverage
0.12×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
PSIX
PSIX
Q4 25
$89.8M
$41.3M
Q3 25
$70.5M
$49.0M
Q2 25
$90.3M
$49.5M
Q1 25
$97.0M
$50.0M
Q4 24
$107.7M
$55.3M
Q3 24
$89.0M
$40.5M
Q2 24
$92.2M
$28.8M
Q1 24
$75.8M
$33.1M
Total Debt
AVNS
AVNS
PSIX
PSIX
Q4 25
$90.3M
$96.6M
Q3 25
$93.4M
$96.7M
Q2 25
$95.7M
$1.8M
Q1 25
$98.0M
$1.0M
Q4 24
$125.3M
$184.0K
Q3 24
$152.6M
$238.0K
Q2 24
$164.9M
$292.0K
Q1 24
$167.2M
$345.0K
Stockholders' Equity
AVNS
AVNS
PSIX
PSIX
Q4 25
$778.2M
$178.6M
Q3 25
$778.0M
$162.5M
Q2 25
$776.3M
$135.7M
Q1 25
$839.4M
$84.3M
Q4 24
$828.5M
$65.3M
Q3 24
$1.2B
$42.1M
Q2 24
$1.2B
$24.8M
Q1 24
$1.2B
$3.2M
Total Assets
AVNS
AVNS
PSIX
PSIX
Q4 25
$1.1B
$424.7M
Q3 25
$1.1B
$458.9M
Q2 25
$1.0B
$437.7M
Q1 25
$1.1B
$372.7M
Q4 24
$1.2B
$328.2M
Q3 24
$1.7B
$339.1M
Q2 24
$1.7B
$307.6M
Q1 24
$1.7B
$286.8M
Debt / Equity
AVNS
AVNS
PSIX
PSIX
Q4 25
0.12×
0.54×
Q3 25
0.12×
0.60×
Q2 25
0.12×
0.01×
Q1 25
0.12×
0.01×
Q4 24
0.15×
0.00×
Q3 24
0.12×
0.01×
Q2 24
0.13×
0.01×
Q1 24
0.14×
0.11×

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
PSIX
PSIX
Operating Cash FlowLast quarter
$28.2M
$-4.6M
Free Cash FlowOCF − Capex
$21.3M
$-7.6M
FCF MarginFCF / Revenue
11.8%
-4.0%
Capex IntensityCapex / Revenue
3.8%
1.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
PSIX
PSIX
Q4 25
$28.2M
$-4.6M
Q3 25
$14.0M
$3.3M
Q2 25
$6.8M
$16.7M
Q1 25
$25.7M
$8.8M
Q4 24
$57.9M
$32.7M
Q3 24
$23.0M
$12.6M
Q2 24
$27.8M
$1.5M
Q1 24
$-8.0M
$15.6M
Free Cash Flow
AVNS
AVNS
PSIX
PSIX
Q4 25
$21.3M
$-7.6M
Q3 25
$7.0M
$1.7M
Q2 25
$-4.2M
$14.6M
Q1 25
$19.0M
$5.4M
Q4 24
$53.1M
$30.0M
Q3 24
$20.0M
$12.1M
Q2 24
$21.9M
$822.0K
Q1 24
$-12.1M
$14.8M
FCF Margin
AVNS
AVNS
PSIX
PSIX
Q4 25
11.8%
-4.0%
Q3 25
3.9%
0.8%
Q2 25
-2.4%
7.6%
Q1 25
11.3%
4.0%
Q4 24
29.6%
20.8%
Q3 24
11.7%
9.7%
Q2 24
12.8%
0.7%
Q1 24
-7.3%
15.6%
Capex Intensity
AVNS
AVNS
PSIX
PSIX
Q4 25
3.8%
1.6%
Q3 25
3.9%
0.8%
Q2 25
6.3%
1.1%
Q1 25
4.0%
2.5%
Q4 24
2.7%
1.8%
Q3 24
1.8%
0.3%
Q2 24
3.4%
0.6%
Q1 24
2.5%
0.9%
Cash Conversion
AVNS
AVNS
PSIX
PSIX
Q4 25
-0.29×
Q3 25
0.12×
Q2 25
0.33×
Q1 25
3.89×
0.46×
Q4 24
1.40×
Q3 24
5.35×
0.73×
Q2 24
15.44×
0.07×
Q1 24
2.20×

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%

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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