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Side-by-side financial comparison of Anteris Technologies Global Corp. (AVR) and HWH International Inc. (HWH). Click either name above to swap in a different company.

Anteris Technologies Global Corp. is the larger business by last-quarter revenue ($310.0K vs $206.8K, roughly 1.5× HWH International Inc.). HWH International Inc. runs the higher net margin — -140.7% vs -9420.0%, a 9279.3% gap on every dollar of revenue. HWH International Inc. produced more free cash flow last quarter ($-217.9K vs $-18.9M).

Anteris Technologies Global Corp is a medical technology firm specializing in innovative structural heart care solutions. It develops and commercializes bioprosthetic heart valves and transcatheter intervention products, serving healthcare providers across North America, Europe, and Asia-Pacific, with core focus on cardiac surgery and interventional cardiology segments.

HWH International Inc operates in the global luxury hospitality and lifestyle services industry, providing premium travel membership programs, curated high-end travel experiences, and exclusive access to luxury resorts, fine dining venues, and premium leisure facilities. Its key markets include North America, Asia Pacific, and Europe, serving high-net-worth individuals and corporate clients.

AVR vs HWH — Head-to-Head

Bigger by revenue
AVR
AVR
1.5× larger
AVR
$310.0K
$206.8K
HWH
Higher net margin
HWH
HWH
9279.3% more per $
HWH
-140.7%
-9420.0%
AVR
More free cash flow
HWH
HWH
$18.7M more FCF
HWH
$-217.9K
$-18.9M
AVR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AVR
AVR
HWH
HWH
Revenue
$310.0K
$206.8K
Net Profit
$-29.2M
$-291.0K
Gross Margin
70.6%
59.8%
Operating Margin
-9343.5%
-142.7%
Net Margin
-9420.0%
-140.7%
Revenue YoY
-40.2%
Net Profit YoY
46.9%
EPS (diluted)
$-0.74

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
AVR
AVR
HWH
HWH
Q4 25
$310.0K
Q3 25
$429.0K
$206.8K
Q2 25
$618.0K
$310.4K
Q1 25
$556.0K
Q4 24
$287.1K
Q3 24
$345.5K
Q2 24
$334.9K
Q1 24
$286.1K
Net Profit
AVR
AVR
HWH
HWH
Q4 25
$-29.2M
Q3 25
$-22.2M
$-291.0K
Q2 25
$-20.8M
$83.4K
Q1 25
$-21.9M
Q4 24
$-476.7K
Q3 24
$-548.5K
Q2 24
$-387.9K
Q1 24
$-1.3M
Gross Margin
AVR
AVR
HWH
HWH
Q4 25
70.6%
Q3 25
71.3%
59.8%
Q2 25
76.1%
48.0%
Q1 25
62.8%
Q4 24
39.6%
Q3 24
46.3%
Q2 24
49.2%
Q1 24
57.1%
Operating Margin
AVR
AVR
HWH
HWH
Q4 25
-9343.5%
Q3 25
-5190.0%
-142.7%
Q2 25
-3379.3%
24.5%
Q1 25
-3917.3%
Q4 24
-170.2%
Q3 24
-155.5%
Q2 24
-120.5%
Q1 24
-467.1%
Net Margin
AVR
AVR
HWH
HWH
Q4 25
-9420.0%
Q3 25
-5185.1%
-140.7%
Q2 25
-3371.2%
26.9%
Q1 25
-3932.4%
Q4 24
-166.1%
Q3 24
-158.7%
Q2 24
-115.8%
Q1 24
-467.2%
EPS (diluted)
AVR
AVR
HWH
HWH
Q4 25
$-0.74
Q3 25
$-0.62
Q2 25
$-0.58
Q1 25
$-0.61
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
AVR
AVR
HWH
HWH
Cash + ST InvestmentsLiquidity on hand
$2.9M
Total DebtLower is stronger
$22.0K
Stockholders' EquityBook value
$-93.0K
$2.8M
Total Assets
$23.0M
$5.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVR
AVR
HWH
HWH
Q4 25
Q3 25
$2.9M
Q2 25
$3.7M
Q1 25
$49.0M
Q4 24
$4.4M
Q3 24
$836.3K
Q2 24
$958.9K
Q1 24
$1.1M
Total Debt
AVR
AVR
HWH
HWH
Q4 25
$22.0K
Q3 25
$26.0K
Q2 25
$30.0K
Q1 25
$30.0K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AVR
AVR
HWH
HWH
Q4 25
$-93.0K
Q3 25
$3.7M
$2.8M
Q2 25
$24.4M
$3.2M
Q1 25
$43.3M
Q4 24
$2.8M
Q3 24
$-374.9K
Q2 24
$-3.6M
Q1 24
$-3.1M
Total Assets
AVR
AVR
HWH
HWH
Q4 25
$23.0M
Q3 25
$19.1M
$5.2M
Q2 25
$39.9M
$10.6M
Q1 25
$58.8M
Q4 24
$6.4M
Q3 24
$2.9M
Q2 24
$3.1M
Q1 24
$2.6M
Debt / Equity
AVR
AVR
HWH
HWH
Q4 25
Q3 25
0.01×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVR
AVR
HWH
HWH
Operating Cash FlowLast quarter
$-18.5M
$-199.9K
Free Cash FlowOCF − Capex
$-18.9M
$-217.9K
FCF MarginFCF / Revenue
-6104.5%
-105.4%
Capex IntensityCapex / Revenue
128.1%
8.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVR
AVR
HWH
HWH
Q4 25
$-18.5M
Q3 25
$-18.3M
$-199.9K
Q2 25
$-19.5M
$26.9K
Q1 25
$-21.5M
Q4 24
$-415.2K
Q3 24
$-275.0K
Q2 24
$-490.8K
Q1 24
$-638.2K
Free Cash Flow
AVR
AVR
HWH
HWH
Q4 25
$-18.9M
Q3 25
$-19.0M
$-217.9K
Q2 25
$-20.1M
Q1 25
$-21.7M
Q4 24
$-415.5K
Q3 24
$-277.1K
Q2 24
$-516.8K
Q1 24
$-640.3K
FCF Margin
AVR
AVR
HWH
HWH
Q4 25
-6104.5%
Q3 25
-4434.5%
-105.4%
Q2 25
-3247.9%
Q1 25
-3909.5%
Q4 24
-144.7%
Q3 24
-80.2%
Q2 24
-154.3%
Q1 24
-223.8%
Capex Intensity
AVR
AVR
HWH
HWH
Q4 25
128.1%
Q3 25
180.0%
8.7%
Q2 25
86.9%
Q1 25
44.6%
Q4 24
0.1%
Q3 24
0.6%
Q2 24
7.7%
Q1 24
0.7%
Cash Conversion
AVR
AVR
HWH
HWH
Q4 25
Q3 25
Q2 25
0.32×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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