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

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $180.9M, roughly 1.2× AVANOS MEDICAL, INC.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -0.7%, a 19.5% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 0.7%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

AVNS vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.2× larger
RAMP
$212.2M
$180.9M
AVNS
Growing faster (revenue YoY)
RAMP
RAMP
+7.9% gap
RAMP
8.6%
0.7%
AVNS
Higher net margin
RAMP
RAMP
19.5% more per $
RAMP
18.8%
-0.7%
AVNS
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
4.4%
AVNS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AVNS
AVNS
RAMP
RAMP
Revenue
$180.9M
$212.2M
Net Profit
$-1.3M
$39.9M
Gross Margin
47.5%
71.9%
Operating Margin
1.4%
18.6%
Net Margin
-0.7%
18.8%
Revenue YoY
0.7%
8.6%
Net Profit YoY
99.7%
255.7%
EPS (diluted)
$-0.02
$0.62

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
RAMP
RAMP
Q4 25
$180.9M
$212.2M
Q3 25
$177.8M
$199.8M
Q2 25
$175.0M
$194.8M
Q1 25
$167.5M
$188.7M
Q4 24
$179.6M
$195.4M
Q3 24
$170.4M
$185.5M
Q2 24
$171.7M
$176.0M
Q1 24
$166.1M
$171.9M
Net Profit
AVNS
AVNS
RAMP
RAMP
Q4 25
$-1.3M
$39.9M
Q3 25
$-1.4M
$27.4M
Q2 25
$-76.8M
$7.7M
Q1 25
$6.6M
$-6.3M
Q4 24
$-397.3M
$11.2M
Q3 24
$4.3M
$1.7M
Q2 24
$1.8M
$-7.5M
Q1 24
$-900.0K
$-5.4M
Gross Margin
AVNS
AVNS
RAMP
RAMP
Q4 25
47.5%
71.9%
Q3 25
48.4%
70.2%
Q2 25
52.6%
70.1%
Q1 25
53.6%
69.3%
Q4 24
54.6%
71.9%
Q3 24
54.5%
72.4%
Q2 24
55.7%
70.6%
Q1 24
57.1%
72.2%
Operating Margin
AVNS
AVNS
RAMP
RAMP
Q4 25
1.4%
18.6%
Q3 25
0.1%
10.7%
Q2 25
-42.6%
3.7%
Q1 25
6.1%
-6.1%
Q4 24
-233.0%
7.5%
Q3 24
7.0%
4.0%
Q2 24
3.7%
-3.0%
Q1 24
2.4%
-8.3%
Net Margin
AVNS
AVNS
RAMP
RAMP
Q4 25
-0.7%
18.8%
Q3 25
-0.8%
13.7%
Q2 25
-43.9%
4.0%
Q1 25
3.9%
-3.3%
Q4 24
-221.2%
5.7%
Q3 24
2.5%
0.9%
Q2 24
1.0%
-4.3%
Q1 24
-0.5%
-3.1%
EPS (diluted)
AVNS
AVNS
RAMP
RAMP
Q4 25
$-0.02
$0.62
Q3 25
$-0.03
$0.42
Q2 25
$-1.66
$0.12
Q1 25
$0.14
$-0.10
Q4 24
$-8.64
$0.17
Q3 24
$0.09
$0.03
Q2 24
$0.04
$-0.11
Q1 24
$-0.02
$-0.09

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$89.8M
$403.4M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
$962.3M
Total Assets
$1.1B
$1.3B
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
RAMP
RAMP
Q4 25
$89.8M
$403.4M
Q3 25
$70.5M
$376.9M
Q2 25
$90.3M
$371.1M
Q1 25
$97.0M
$420.8M
Q4 24
$107.7M
$384.3M
Q3 24
$89.0M
$348.4M
Q2 24
$92.2M
$342.7M
Q1 24
$75.8M
$368.9M
Total Debt
AVNS
AVNS
RAMP
RAMP
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
RAMP
RAMP
Q4 25
$778.2M
$962.3M
Q3 25
$778.0M
$943.8M
Q2 25
$776.3M
$947.8M
Q1 25
$839.4M
$948.9M
Q4 24
$828.5M
$957.7M
Q3 24
$1.2B
$932.1M
Q2 24
$1.2B
$951.9M
Q1 24
$1.2B
$949.1M
Total Assets
AVNS
AVNS
RAMP
RAMP
Q4 25
$1.1B
$1.3B
Q3 25
$1.1B
$1.2B
Q2 25
$1.0B
$1.2B
Q1 25
$1.1B
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$1.7B
$1.2B
Q2 24
$1.7B
$1.2B
Q1 24
$1.7B
$1.2B
Debt / Equity
AVNS
AVNS
RAMP
RAMP
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
RAMP
RAMP
Operating Cash FlowLast quarter
$28.2M
Free Cash FlowOCF − Capex
$21.3M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
3.8%
0.1%
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
RAMP
RAMP
Q4 25
$28.2M
Q3 25
$14.0M
$57.4M
Q2 25
$6.8M
$-15.8M
Q1 25
$25.7M
Q4 24
$57.9M
$45.1M
Q3 24
$23.0M
$55.6M
Q2 24
$27.8M
$-9.3M
Q1 24
$-8.0M
Free Cash Flow
AVNS
AVNS
RAMP
RAMP
Q4 25
$21.3M
Q3 25
$7.0M
$56.8M
Q2 25
$-4.2M
$-16.2M
Q1 25
$19.0M
Q4 24
$53.1M
$44.8M
Q3 24
$20.0M
$55.4M
Q2 24
$21.9M
$-9.6M
Q1 24
$-12.1M
FCF Margin
AVNS
AVNS
RAMP
RAMP
Q4 25
11.8%
Q3 25
3.9%
28.4%
Q2 25
-2.4%
-8.3%
Q1 25
11.3%
Q4 24
29.6%
22.9%
Q3 24
11.7%
29.8%
Q2 24
12.8%
-5.4%
Q1 24
-7.3%
Capex Intensity
AVNS
AVNS
RAMP
RAMP
Q4 25
3.8%
0.1%
Q3 25
3.9%
0.3%
Q2 25
6.3%
0.2%
Q1 25
4.0%
0.2%
Q4 24
2.7%
0.1%
Q3 24
1.8%
0.1%
Q2 24
3.4%
0.1%
Q1 24
2.5%
1.0%
Cash Conversion
AVNS
AVNS
RAMP
RAMP
Q4 25
Q3 25
2.09×
Q2 25
-2.04×
Q1 25
3.89×
Q4 24
4.02×
Q3 24
5.35×
32.10×
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%

RAMP
RAMP

Segment breakdown not available.

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