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

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $21.5M, roughly 1.1× AVALON HOLDINGS CORP). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -13.9%, a 12.2% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 21.7%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-16.5M).

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.

Blaize Holdings, Inc. is a technology company specializing in edge artificial intelligence computing solutions. It designs energy-efficient AI processors, low-latency inference software stacks, and end-to-end edge AI development tools, serving key segments including autonomous driving, industrial automation, smart cities, and edge healthcare monitoring.

AWX vs BZAI — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.1× larger
BZAI
$23.8M
$21.5M
AWX
Growing faster (revenue YoY)
BZAI
BZAI
+2377478.3% gap
BZAI
2377500.0%
21.7%
AWX
Higher net margin
AWX
AWX
12.2% more per $
AWX
-1.7%
-13.9%
BZAI
More free cash flow
AWX
AWX
$16.4M more FCF
AWX
$-166.0K
$-16.5M
BZAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
BZAI
BZAI
Revenue
$21.5M
$23.8M
Net Profit
$-356.0K
$-3.3M
Gross Margin
17.1%
10.8%
Operating Margin
0.4%
-89.8%
Net Margin
-1.7%
-13.9%
Revenue YoY
21.7%
2377500.0%
Net Profit YoY
28.4%
50.7%
EPS (diluted)
$0.16

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
BZAI
BZAI
Q4 25
$21.5M
$23.8M
Q3 25
$25.7M
$11.9M
Q2 25
$20.3M
Q1 25
$16.1M
Q4 24
$17.6M
Q3 24
$24.2M
Q2 24
$23.1M
Q1 24
$18.9M
Net Profit
AWX
AWX
BZAI
BZAI
Q4 25
$-356.0K
$-3.3M
Q3 25
$1.9M
$-26.3M
Q2 25
$274.0K
Q1 25
$-1.5M
Q4 24
$-497.0K
Q3 24
$1.8M
Q2 24
$954.0K
Q1 24
$-979.0K
Gross Margin
AWX
AWX
BZAI
BZAI
Q4 25
17.1%
10.8%
Q3 25
23.7%
15.0%
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
BZAI
BZAI
Q4 25
0.4%
-89.8%
Q3 25
9.1%
-190.3%
Q2 25
3.7%
Q1 25
-7.2%
Q4 24
-0.8%
Q3 24
9.4%
Q2 24
6.3%
Q1 24
-2.7%
Net Margin
AWX
AWX
BZAI
BZAI
Q4 25
-1.7%
-13.9%
Q3 25
7.4%
-221.3%
Q2 25
1.4%
Q1 25
-9.3%
Q4 24
-2.8%
Q3 24
7.6%
Q2 24
4.1%
Q1 24
-5.2%
EPS (diluted)
AWX
AWX
BZAI
BZAI
Q4 25
$0.16
Q3 25
$-0.25
Q2 25
Q1 25
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
AWX
AWX
BZAI
BZAI
Cash + ST InvestmentsLiquidity on hand
$4.1M
$45.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$39.0M
Total Assets
$87.4M
$102.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
BZAI
BZAI
Q4 25
$4.1M
$45.8M
Q3 25
$4.6M
$24.0M
Q2 25
$3.7M
Q1 25
$1.3M
Q4 24
$2.8M
Q3 24
$3.9M
Q2 24
$3.8M
Q1 24
$1.2M
Stockholders' Equity
AWX
AWX
BZAI
BZAI
Q4 25
$38.4M
$39.0M
Q3 25
$38.7M
$1.3M
Q2 25
$36.8M
Q1 25
$36.5M
Q4 24
$38.0M
Q3 24
$38.5M
Q2 24
$36.7M
Q1 24
$35.7M
Total Assets
AWX
AWX
BZAI
BZAI
Q4 25
$87.4M
$102.2M
Q3 25
$90.7M
$60.9M
Q2 25
$88.1M
Q1 25
$87.6M
Q4 24
$86.2M
Q3 24
$89.1M
Q2 24
$91.7M
Q1 24
$90.6M

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
BZAI
BZAI
Operating Cash FlowLast quarter
$278.0K
$-16.5M
Free Cash FlowOCF − Capex
$-166.0K
$-16.5M
FCF MarginFCF / Revenue
-0.8%
-69.6%
Capex IntensityCapex / Revenue
2.1%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
BZAI
BZAI
Q4 25
$278.0K
$-16.5M
Q3 25
$1.5M
$-24.9M
Q2 25
$3.0M
Q1 25
$-982.0K
Q4 24
$-579.0K
Q3 24
$342.0K
Q2 24
$3.2M
Q1 24
$411.0K
Free Cash Flow
AWX
AWX
BZAI
BZAI
Q4 25
$-166.0K
$-16.5M
Q3 25
$852.0K
$-24.9M
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
BZAI
BZAI
Q4 25
-0.8%
-69.6%
Q3 25
3.3%
-210.2%
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
BZAI
BZAI
Q4 25
2.1%
0.3%
Q3 25
2.3%
0.2%
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
BZAI
BZAI
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.

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