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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and BATTALION OIL CORP (BATL). Click either name above to swap in a different company.

BATTALION OIL CORP is the larger business by last-quarter revenue ($31.6M vs $21.5M, roughly 1.5× AVALON HOLDINGS CORP). BATTALION OIL CORP runs the higher net margin — 5.7% vs -1.7%, a 7.3% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -36.1%). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -20.1%).

Avalon Hill Games Inc. is a game company that publishes wargames and strategic board games. It has also published miniature wargaming rules, role-playing games and sports simulations. It is a subsidiary of Hasbro, and operates under the company's "Hasbro Gaming" division.

Battalion Oil Corp is an independent energy company engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It primarily operates assets in the Eagle Ford Shale region of South Texas, serving commercial and industrial clients across North American energy markets.

AWX vs BATL — Head-to-Head

Bigger by revenue
BATL
BATL
1.5× larger
BATL
$31.6M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+57.9% gap
AWX
21.7%
-36.1%
BATL
Higher net margin
BATL
BATL
7.3% more per $
BATL
5.7%
-1.7%
AWX
Faster 2-yr revenue CAGR
AWX
AWX
Annualised
AWX
6.7%
-20.1%
BATL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
BATL
BATL
Revenue
$21.5M
$31.6M
Net Profit
$-356.0K
$1.8M
Gross Margin
17.1%
Operating Margin
0.4%
-33.8%
Net Margin
-1.7%
5.7%
Revenue YoY
21.7%
-36.1%
Net Profit YoY
28.4%
108.1%
EPS (diluted)
$-0.77

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
AWX
AWX
BATL
BATL
Q4 25
$21.5M
$31.6M
Q3 25
$25.7M
$43.4M
Q2 25
$20.3M
$42.6M
Q1 25
$16.1M
$47.4M
Q4 24
$17.6M
$49.5M
Q3 24
$24.2M
$45.1M
Q2 24
$23.1M
$49.1M
Q1 24
$18.9M
$49.5M
Net Profit
AWX
AWX
BATL
BATL
Q4 25
$-356.0K
$1.8M
Q3 25
$1.9M
$-735.0K
Q2 25
$274.0K
$4.8M
Q1 25
$-1.5M
$6.0M
Q4 24
$-497.0K
$-22.2M
Q3 24
$1.8M
$21.6M
Q2 24
$954.0K
$-105.0K
Q1 24
$-979.0K
$-31.2M
Gross Margin
AWX
AWX
BATL
BATL
Q4 25
17.1%
Q3 25
23.7%
Q2 25
20.6%
Q1 25
14.8%
Q4 24
17.5%
Q3 24
24.6%
Q2 24
22.1%
Q1 24
16.2%
Operating Margin
AWX
AWX
BATL
BATL
Q4 25
0.4%
-33.8%
Q3 25
9.1%
1.9%
Q2 25
3.7%
-0.4%
Q1 25
-7.2%
7.2%
Q4 24
-0.8%
-36.2%
Q3 24
9.4%
2.3%
Q2 24
6.3%
10.4%
Q1 24
-2.7%
0.0%
Net Margin
AWX
AWX
BATL
BATL
Q4 25
-1.7%
5.7%
Q3 25
7.4%
-1.7%
Q2 25
1.4%
11.3%
Q1 25
-9.3%
12.7%
Q4 24
-2.8%
-44.9%
Q3 24
7.6%
48.0%
Q2 24
4.1%
-0.2%
Q1 24
-5.2%
-63.0%
EPS (diluted)
AWX
AWX
BATL
BATL
Q4 25
$-0.77
Q3 25
$-0.91
Q2 25
$-0.21
Q1 25
$-0.35
Q4 24
$-1.47
Q3 24
$0.34
Q2 24
$-0.53
Q1 24
$-2.24

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
BATL
BATL
Cash + ST InvestmentsLiquidity on hand
$4.1M
$28.0M
Total DebtLower is stronger
$208.1M
Stockholders' EquityBook value
$38.4M
$-32.8M
Total Assets
$87.4M
$460.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
BATL
BATL
Q4 25
$4.1M
$28.0M
Q3 25
$4.6M
$50.5M
Q2 25
$3.7M
$44.6M
Q1 25
$1.3M
$73.6M
Q4 24
$2.8M
$19.7M
Q3 24
$3.9M
$29.8M
Q2 24
$3.8M
$54.4M
Q1 24
$1.2M
$48.9M
Total Debt
AWX
AWX
BATL
BATL
Q4 25
$208.1M
Q3 25
$213.8M
Q2 25
$219.4M
Q1 25
$225.1M
Q4 24
$162.1M
Q3 24
$147.8M
Q2 24
$160.4M
Q1 24
$190.2M
Stockholders' Equity
AWX
AWX
BATL
BATL
Q4 25
$38.4M
$-32.8M
Q3 25
$38.7M
$-20.3M
Q2 25
$36.8M
$-5.2M
Q1 25
$36.5M
$-1.8M
Q4 24
$38.0M
$4.1M
Q3 24
$38.5M
$35.0M
Q2 24
$36.7M
$22.7M
Q1 24
$35.7M
$31.3M
Total Assets
AWX
AWX
BATL
BATL
Q4 25
$87.4M
$460.7M
Q3 25
$90.7M
$491.7M
Q2 25
$88.1M
$498.8M
Q1 25
$87.6M
$506.2M
Q4 24
$86.2M
$431.0M
Q3 24
$89.1M
$458.0M
Q2 24
$91.7M
$487.3M
Q1 24
$90.6M
$488.6M
Debt / Equity
AWX
AWX
BATL
BATL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
39.35×
Q3 24
4.23×
Q2 24
7.07×
Q1 24
6.07×

Cash Flow & Capital Efficiency

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

Metric
AWX
AWX
BATL
BATL
Operating Cash FlowLast quarter
$278.0K
$-11.8M
Free Cash FlowOCF − Capex
$-166.0K
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
-6.58×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
BATL
BATL
Q4 25
$278.0K
$-11.8M
Q3 25
$1.5M
$28.0M
Q2 25
$3.0M
$10.2M
Q1 25
$-982.0K
$12.7M
Q4 24
$-579.0K
$6.7M
Q3 24
$342.0K
$-5.1M
Q2 24
$3.2M
$29.8M
Q1 24
$411.0K
$3.9M
Free Cash Flow
AWX
AWX
BATL
BATL
Q4 25
$-166.0K
Q3 25
$852.0K
Q2 25
$2.7M
Q1 25
$-1.4M
Q4 24
$-1.1M
Q3 24
$-660.0K
Q2 24
$2.9M
Q1 24
$56.0K
FCF Margin
AWX
AWX
BATL
BATL
Q4 25
-0.8%
Q3 25
3.3%
Q2 25
13.5%
Q1 25
-8.5%
Q4 24
-6.4%
Q3 24
-2.7%
Q2 24
12.4%
Q1 24
0.3%
Capex Intensity
AWX
AWX
BATL
BATL
Q4 25
2.1%
Q3 25
2.3%
Q2 25
1.4%
Q1 25
2.4%
Q4 24
3.1%
Q3 24
4.1%
Q2 24
1.5%
Q1 24
1.9%
Cash Conversion
AWX
AWX
BATL
BATL
Q4 25
-6.58×
Q3 25
0.76×
Q2 25
11.07×
2.13×
Q1 25
2.11×
Q4 24
Q3 24
0.19×
-0.23×
Q2 24
3.35×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AWX
AWX

Segment breakdown not available.

BATL
BATL

Oil$28.6M91%
Natural Gas Liquids Reserves$3.9M12%

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