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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and CODEXIS, INC. (CDXS). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $21.5M, roughly 1.8× AVALON HOLDINGS CORP). CODEXIS, INC. runs the higher net margin — 24.7% vs -1.7%, a 26.3% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 21.7%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $-166.0K). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% 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.
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
AWX vs CDXS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $38.9M |
| Net Profit | $-356.0K | $9.6M |
| Gross Margin | 17.1% | 94.8% |
| Operating Margin | 0.4% | 27.1% |
| Net Margin | -1.7% | 24.7% |
| Revenue YoY | 21.7% | 81.3% |
| Net Profit YoY | 28.4% | 192.5% |
| EPS (diluted) | — | $0.13 |
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.
| Q4 25 | $21.5M | $38.9M | ||
| Q3 25 | $25.7M | $8.6M | ||
| Q2 25 | $20.3M | $15.3M | ||
| Q1 25 | $16.1M | $7.5M | ||
| Q4 24 | $17.6M | $21.5M | ||
| Q3 24 | $24.2M | $12.8M | ||
| Q2 24 | $23.1M | $8.0M | ||
| Q1 24 | $18.9M | $17.1M |
| Q4 25 | $-356.0K | $9.6M | ||
| Q3 25 | $1.9M | $-19.6M | ||
| Q2 25 | $274.0K | $-13.3M | ||
| Q1 25 | $-1.5M | $-20.7M | ||
| Q4 24 | $-497.0K | $-10.4M | ||
| Q3 24 | $1.8M | $-20.6M | ||
| Q2 24 | $954.0K | $-22.8M | ||
| Q1 24 | $-979.0K | $-11.5M |
| Q4 25 | 17.1% | 94.8% | ||
| Q3 25 | 23.7% | 71.3% | ||
| Q2 25 | 20.6% | 86.3% | ||
| Q1 25 | 14.8% | 63.8% | ||
| Q4 24 | 17.5% | 83.0% | ||
| Q3 24 | 24.6% | 66.4% | ||
| Q2 24 | 22.1% | 56.6% | ||
| Q1 24 | 16.2% | 71.6% |
| Q4 25 | 0.4% | 27.1% | ||
| Q3 25 | 9.1% | -220.3% | ||
| Q2 25 | 3.7% | -83.9% | ||
| Q1 25 | -7.2% | -271.6% | ||
| Q4 24 | -0.8% | -34.2% | ||
| Q3 24 | 9.4% | -129.0% | ||
| Q2 24 | 6.3% | -284.9% | ||
| Q1 24 | -2.7% | -69.6% |
| Q4 25 | -1.7% | 24.7% | ||
| Q3 25 | 7.4% | -228.1% | ||
| Q2 25 | 1.4% | -86.6% | ||
| Q1 25 | -9.3% | -274.3% | ||
| Q4 24 | -2.8% | -48.4% | ||
| Q3 24 | 7.6% | -160.8% | ||
| Q2 24 | 4.1% | -285.2% | ||
| Q1 24 | -5.2% | -67.4% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $-0.22 | ||
| Q2 25 | — | $-0.16 | ||
| Q1 25 | — | $-0.25 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.1M | $78.2M |
| Total DebtLower is stronger | — | $40.1M |
| Stockholders' EquityBook value | $38.4M | $50.5M |
| Total Assets | $87.4M | $147.8M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $78.2M | ||
| Q3 25 | $4.6M | $58.7M | ||
| Q2 25 | $3.7M | $66.3M | ||
| Q1 25 | $1.3M | $59.8M | ||
| Q4 24 | $2.8M | $73.5M | ||
| Q3 24 | $3.9M | $90.3M | ||
| Q2 24 | $3.8M | $73.2M | ||
| Q1 24 | $1.2M | $85.5M |
| Q4 25 | — | $40.1M | ||
| Q3 25 | — | $39.7M | ||
| Q2 25 | — | $39.4M | ||
| Q1 25 | — | $29.2M | ||
| Q4 24 | — | $28.9M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $28.4M | ||
| Q1 24 | — | $28.1M |
| Q4 25 | $38.4M | $50.5M | ||
| Q3 25 | $38.7M | $38.5M | ||
| Q2 25 | $36.8M | $55.6M | ||
| Q1 25 | $36.5M | $49.6M | ||
| Q4 24 | $38.0M | $66.9M | ||
| Q3 24 | $38.5M | $73.4M | ||
| Q2 24 | $36.7M | $61.4M | ||
| Q1 24 | $35.7M | $79.3M |
| Q4 25 | $87.4M | $147.8M | ||
| Q3 25 | $90.7M | $124.0M | ||
| Q2 25 | $88.1M | $138.2M | ||
| Q1 25 | $87.6M | $128.9M | ||
| Q4 24 | $86.2M | $149.0M | ||
| Q3 24 | $89.1M | $148.2M | ||
| Q2 24 | $91.7M | $132.0M | ||
| Q1 24 | $90.6M | $149.6M |
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.35× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $278.0K | $20.1M |
| Free Cash FlowOCF − Capex | $-166.0K | $19.6M |
| FCF MarginFCF / Revenue | -0.8% | 50.3% |
| Capex IntensityCapex / Revenue | 2.1% | 1.3% |
| Cash ConversionOCF / Net Profit | — | 2.09× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-23.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.0K | $20.1M | ||
| Q3 25 | $1.5M | $-7.7M | ||
| Q2 25 | $3.0M | $-18.0M | ||
| Q1 25 | $-982.0K | $-13.8M | ||
| Q4 24 | $-579.0K | $-16.5M | ||
| Q3 24 | $342.0K | $-13.0M | ||
| Q2 24 | $3.2M | $-12.2M | ||
| Q1 24 | $411.0K | $-7.8M |
| Q4 25 | $-166.0K | $19.6M | ||
| Q3 25 | $852.0K | $-7.9M | ||
| Q2 25 | $2.7M | $-20.5M | ||
| Q1 25 | $-1.4M | $-15.1M | ||
| Q4 24 | $-1.1M | $-18.2M | ||
| Q3 24 | $-660.0K | $-14.0M | ||
| Q2 24 | $2.9M | $-12.6M | ||
| Q1 24 | $56.0K | $-8.9M |
| Q4 25 | -0.8% | 50.3% | ||
| Q3 25 | 3.3% | -91.7% | ||
| Q2 25 | 13.5% | -133.6% | ||
| Q1 25 | -8.5% | -199.6% | ||
| Q4 24 | -6.4% | -85.0% | ||
| Q3 24 | -2.7% | -109.0% | ||
| Q2 24 | 12.4% | -157.5% | ||
| Q1 24 | 0.3% | -52.2% |
| Q4 25 | 2.1% | 1.3% | ||
| Q3 25 | 2.3% | 2.1% | ||
| Q2 25 | 1.4% | 16.4% | ||
| Q1 25 | 2.4% | 16.7% | ||
| Q4 24 | 3.1% | 8.3% | ||
| Q3 24 | 4.1% | 7.8% | ||
| Q2 24 | 1.5% | 5.0% | ||
| Q1 24 | 1.9% | 6.6% |
| Q4 25 | — | 2.09× | ||
| 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.
