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

BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $180.9M, roughly 1.0× AVANOS MEDICAL, INC.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -0.7%, a 48.7% gap on every dollar of revenue. On growth, AVANOS MEDICAL, INC. posted the faster year-over-year revenue change (0.7% vs -21.9%). Over the past eight quarters, AVANOS MEDICAL, INC.'s revenue compounded faster (4.4% CAGR vs -15.4%).

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.

AVNS vs RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.0× larger
RILY
$188.3M
$180.9M
AVNS
Growing faster (revenue YoY)
AVNS
AVNS
+22.6% gap
AVNS
0.7%
-21.9%
RILY
Higher net margin
RILY
RILY
48.7% more per $
RILY
47.9%
-0.7%
AVNS
Faster 2-yr revenue CAGR
AVNS
AVNS
Annualised
AVNS
4.4%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVNS
AVNS
RILY
RILY
Revenue
$180.9M
$188.3M
Net Profit
$-1.3M
$90.3M
Gross Margin
47.5%
79.5%
Operating Margin
1.4%
32.3%
Net Margin
-0.7%
47.9%
Revenue YoY
0.7%
-21.9%
Net Profit YoY
99.7%
1710.8%
EPS (diluted)
$-0.02
$2.78

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
RILY
RILY
Q4 25
$180.9M
$188.3M
Q3 25
$177.8M
$215.3M
Q2 25
$175.0M
$188.2M
Q1 25
$167.5M
$197.2M
Q4 24
$179.6M
$241.0M
Q3 24
$170.4M
$225.5M
Q2 24
$171.7M
$256.0M
Q1 24
$166.1M
$263.4M
Net Profit
AVNS
AVNS
RILY
RILY
Q4 25
$-1.3M
$90.3M
Q3 25
$-1.4M
$91.1M
Q2 25
$-76.8M
$139.5M
Q1 25
$6.6M
$-10.0M
Q4 24
$-397.3M
$-5.6M
Q3 24
$4.3M
$-284.4M
Q2 24
$1.8M
$-433.6M
Q1 24
$-900.0K
$-49.2M
Gross Margin
AVNS
AVNS
RILY
RILY
Q4 25
47.5%
79.5%
Q3 25
48.4%
83.7%
Q2 25
52.6%
81.3%
Q1 25
53.6%
81.4%
Q4 24
54.6%
79.8%
Q3 24
54.5%
82.1%
Q2 24
55.7%
84.5%
Q1 24
57.1%
85.3%
Operating Margin
AVNS
AVNS
RILY
RILY
Q4 25
1.4%
32.3%
Q3 25
0.1%
30.4%
Q2 25
-42.6%
5.7%
Q1 25
6.1%
-31.2%
Q4 24
-233.0%
-69.2%
Q3 24
7.0%
-36.4%
Q2 24
3.7%
-90.8%
Q1 24
2.4%
-6.1%
Net Margin
AVNS
AVNS
RILY
RILY
Q4 25
-0.7%
47.9%
Q3 25
-0.8%
42.3%
Q2 25
-43.9%
74.1%
Q1 25
3.9%
-5.1%
Q4 24
-221.2%
-2.3%
Q3 24
2.5%
-126.1%
Q2 24
1.0%
-169.4%
Q1 24
-0.5%
-18.7%
EPS (diluted)
AVNS
AVNS
RILY
RILY
Q4 25
$-0.02
$2.78
Q3 25
$-0.03
$2.91
Q2 25
$-1.66
$4.50
Q1 25
$0.14
$-0.39
Q4 24
$-8.64
$-0.01
Q3 24
$0.09
$-9.39
Q2 24
$0.04
$-14.35
Q1 24
$-0.02
$-1.71

Balance Sheet & Financial Strength

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

Metric
AVNS
AVNS
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$89.8M
$226.6M
Total DebtLower is stronger
$90.3M
$1.4B
Stockholders' EquityBook value
$778.2M
$-171.5M
Total Assets
$1.1B
$1.7B
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
RILY
RILY
Q4 25
$89.8M
$226.6M
Q3 25
$70.5M
$184.2M
Q2 25
$90.3M
$267.4M
Q1 25
$97.0M
$138.3M
Q4 24
$107.7M
$146.9M
Q3 24
$89.0M
$159.2M
Q2 24
$92.2M
$236.9M
Q1 24
$75.8M
$190.7M
Total Debt
AVNS
AVNS
RILY
RILY
Q4 25
$90.3M
$1.4B
Q3 25
$93.4M
$1.3B
Q2 25
$95.7M
$1.3B
Q1 25
$98.0M
$1.4B
Q4 24
$125.3M
$1.5B
Q3 24
$152.6M
Q2 24
$164.9M
Q1 24
$167.2M
Stockholders' Equity
AVNS
AVNS
RILY
RILY
Q4 25
$778.2M
$-171.5M
Q3 25
$778.0M
$-260.5M
Q2 25
$776.3M
$-351.7M
Q1 25
$839.4M
$-496.8M
Q4 24
$828.5M
$-488.2M
Q3 24
$1.2B
$-497.6M
Q2 24
$1.2B
$-218.3M
Q1 24
$1.2B
$228.4M
Total Assets
AVNS
AVNS
RILY
RILY
Q4 25
$1.1B
$1.7B
Q3 25
$1.1B
$1.7B
Q2 25
$1.0B
$1.5B
Q1 25
$1.1B
$1.5B
Q4 24
$1.2B
$1.8B
Q3 24
$1.7B
$2.2B
Q2 24
$1.7B
$3.2B
Q1 24
$1.7B
$5.0B
Debt / Equity
AVNS
AVNS
RILY
RILY
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
RILY
RILY
Operating Cash FlowLast quarter
$28.2M
$26.2M
Free Cash FlowOCF − Capex
$21.3M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters
$43.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
RILY
RILY
Q4 25
$28.2M
$26.2M
Q3 25
$14.0M
$-60.6M
Q2 25
$6.8M
$-25.6M
Q1 25
$25.7M
$184.0K
Q4 24
$57.9M
$-2.7M
Q3 24
$23.0M
$19.5M
Q2 24
$27.8M
$111.5M
Q1 24
$-8.0M
$135.4M
Free Cash Flow
AVNS
AVNS
RILY
RILY
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
RILY
RILY
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
RILY
RILY
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
RILY
RILY
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
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%

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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