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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and Butterfly Network, Inc. (BFLY). Click either name above to swap in a different company.

Butterfly Network, Inc. is the larger business by last-quarter revenue ($31.5M vs $21.5M, roughly 1.5× AVALON HOLDINGS CORP). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -48.5%, a 46.9% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (41.0% vs 21.7%). Butterfly Network, Inc. produced more free cash flow last quarter ($7.9M vs $-166.0K). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (33.6% CAGR vs 6.7%).

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.

Butterfly Network, Inc. is a digital health company that develops, manufactures and sells affordable, portable whole-body ultrasound devices powered by proprietary semiconductor technology. It serves clinical professionals, healthcare facilities, and home care users across global markets, with a core mission to expand access to medical imaging for underserved communities.

AWX vs BFLY — Head-to-Head

Bigger by revenue
BFLY
BFLY
1.5× larger
BFLY
$31.5M
$21.5M
AWX
Growing faster (revenue YoY)
BFLY
BFLY
+19.3% gap
BFLY
41.0%
21.7%
AWX
Higher net margin
AWX
AWX
46.9% more per $
AWX
-1.7%
-48.5%
BFLY
More free cash flow
BFLY
BFLY
$8.1M more FCF
BFLY
$7.9M
$-166.0K
AWX
Faster 2-yr revenue CAGR
BFLY
BFLY
Annualised
BFLY
33.6%
6.7%
AWX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
BFLY
BFLY
Revenue
$21.5M
$31.5M
Net Profit
$-356.0K
$-15.3M
Gross Margin
17.1%
67.3%
Operating Margin
0.4%
-53.0%
Net Margin
-1.7%
-48.5%
Revenue YoY
21.7%
41.0%
Net Profit YoY
28.4%
15.5%
EPS (diluted)
$-0.06

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
BFLY
BFLY
Q4 25
$21.5M
$31.5M
Q3 25
$25.7M
$21.5M
Q2 25
$20.3M
$23.4M
Q1 25
$16.1M
$21.2M
Q4 24
$17.6M
$22.4M
Q3 24
$24.2M
$20.6M
Q2 24
$23.1M
$21.5M
Q1 24
$18.9M
$17.7M
Net Profit
AWX
AWX
BFLY
BFLY
Q4 25
$-356.0K
$-15.3M
Q3 25
$1.9M
$-34.0M
Q2 25
$274.0K
$-13.8M
Q1 25
$-1.5M
$-14.0M
Q4 24
$-497.0K
$-18.1M
Q3 24
$1.8M
$-16.9M
Q2 24
$954.0K
$-15.7M
Q1 24
$-979.0K
$-21.8M
Gross Margin
AWX
AWX
BFLY
BFLY
Q4 25
17.1%
67.3%
Q3 25
23.7%
-17.5%
Q2 25
20.6%
63.7%
Q1 25
14.8%
63.0%
Q4 24
17.5%
61.5%
Q3 24
24.6%
59.5%
Q2 24
22.1%
58.6%
Q1 24
16.2%
58.2%
Operating Margin
AWX
AWX
BFLY
BFLY
Q4 25
0.4%
-53.0%
Q3 25
9.1%
-163.5%
Q2 25
3.7%
-68.9%
Q1 25
-7.2%
-87.0%
Q4 24
-0.8%
-77.5%
Q3 24
9.4%
-83.9%
Q2 24
6.3%
-80.2%
Q1 24
-2.7%
-128.1%
Net Margin
AWX
AWX
BFLY
BFLY
Q4 25
-1.7%
-48.5%
Q3 25
7.4%
-158.1%
Q2 25
1.4%
-59.2%
Q1 25
-9.3%
-65.8%
Q4 24
-2.8%
-81.0%
Q3 24
7.6%
-82.3%
Q2 24
4.1%
-73.1%
Q1 24
-5.2%
-123.2%
EPS (diluted)
AWX
AWX
BFLY
BFLY
Q4 25
$-0.06
Q3 25
$-0.13
Q2 25
$-0.06
Q1 25
$-0.06
Q4 24
$-0.09
Q3 24
$-0.08
Q2 24
$-0.07
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
BFLY
BFLY
Cash + ST InvestmentsLiquidity on hand
$4.1M
$150.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$196.0M
Total Assets
$87.4M
$296.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
BFLY
BFLY
Q4 25
$4.1M
$150.5M
Q3 25
$4.6M
$144.2M
Q2 25
$3.7M
$148.1M
Q1 25
$1.3M
$155.2M
Q4 24
$2.8M
$88.8M
Q3 24
$3.9M
$93.8M
Q2 24
$3.8M
$102.1M
Q1 24
$1.2M
$112.7M
Stockholders' Equity
AWX
AWX
BFLY
BFLY
Q4 25
$38.4M
$196.0M
Q3 25
$38.7M
$203.8M
Q2 25
$36.8M
$232.8M
Q1 25
$36.5M
$239.7M
Q4 24
$38.0M
$168.8M
Q3 24
$38.5M
$181.8M
Q2 24
$36.7M
$194.3M
Q1 24
$35.7M
$204.0M
Total Assets
AWX
AWX
BFLY
BFLY
Q4 25
$87.4M
$296.5M
Q3 25
$90.7M
$290.0M
Q2 25
$88.1M
$313.3M
Q1 25
$87.6M
$318.4M
Q4 24
$86.2M
$256.1M
Q3 24
$89.1M
$265.3M
Q2 24
$91.7M
$273.1M
Q1 24
$90.6M
$284.3M

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
BFLY
BFLY
Operating Cash FlowLast quarter
$278.0K
$9.0M
Free Cash FlowOCF − Capex
$-166.0K
$7.9M
FCF MarginFCF / Revenue
-0.8%
25.2%
Capex IntensityCapex / Revenue
2.1%
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$-16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
BFLY
BFLY
Q4 25
$278.0K
$9.0M
Q3 25
$1.5M
$-2.9M
Q2 25
$3.0M
$-7.2M
Q1 25
$-982.0K
$-11.7M
Q4 24
$-579.0K
$-3.1M
Q3 24
$342.0K
$-7.9M
Q2 24
$3.2M
$-10.0M
Q1 24
$411.0K
$-20.7M
Free Cash Flow
AWX
AWX
BFLY
BFLY
Q4 25
$-166.0K
$7.9M
Q3 25
$852.0K
$-3.9M
Q2 25
$2.7M
$-8.1M
Q1 25
$-1.4M
$-12.0M
Q4 24
$-1.1M
$-3.5M
Q3 24
$-660.0K
$-8.3M
Q2 24
$2.9M
$-10.7M
Q1 24
$56.0K
$-21.8M
FCF Margin
AWX
AWX
BFLY
BFLY
Q4 25
-0.8%
25.2%
Q3 25
3.3%
-18.2%
Q2 25
13.5%
-34.5%
Q1 25
-8.5%
-56.7%
Q4 24
-6.4%
-15.8%
Q3 24
-2.7%
-40.5%
Q2 24
12.4%
-50.0%
Q1 24
0.3%
-123.5%
Capex Intensity
AWX
AWX
BFLY
BFLY
Q4 25
2.1%
3.4%
Q3 25
2.3%
4.7%
Q2 25
1.4%
3.8%
Q1 25
2.4%
1.7%
Q4 24
3.1%
1.8%
Q3 24
4.1%
2.0%
Q2 24
1.5%
3.4%
Q1 24
1.9%
6.4%
Cash Conversion
AWX
AWX
BFLY
BFLY
Q4 25
Q3 25
0.76×
Q2 25
11.07×
Q1 25
Q4 24
Q3 24
0.19×
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.

BFLY
BFLY

Products$18.1M57%
Software And Other Services$13.4M43%

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