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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and CSP INC (CSPI). Click either name above to swap in a different company.
AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $12.0M, roughly 1.8× CSP INC). CSP INC runs the higher net margin — 0.8% vs -1.7%, a 2.4% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -23.2%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-3.0M). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -6.3%).
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.
CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.
AWX vs CSPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $12.0M |
| Net Profit | $-356.0K | $91.0K |
| Gross Margin | 17.1% | 39.3% |
| Operating Margin | 0.4% | -0.9% |
| Net Margin | -1.7% | 0.8% |
| Revenue YoY | 21.7% | -23.2% |
| Net Profit YoY | 28.4% | -80.7% |
| EPS (diluted) | — | $0.01 |
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 | $12.0M | ||
| Q3 25 | $25.7M | $14.5M | ||
| Q2 25 | $20.3M | $15.4M | ||
| Q1 25 | $16.1M | $13.1M | ||
| Q4 24 | $17.6M | $15.7M | ||
| Q3 24 | $24.2M | $13.0M | ||
| Q2 24 | $23.1M | $13.1M | ||
| Q1 24 | $18.9M | $13.7M |
| Q4 25 | $-356.0K | $91.0K | ||
| Q3 25 | $1.9M | $-191.0K | ||
| Q2 25 | $274.0K | $-264.0K | ||
| Q1 25 | $-1.5M | $-108.0K | ||
| Q4 24 | $-497.0K | $472.0K | ||
| Q3 24 | $1.8M | $-1.7M | ||
| Q2 24 | $954.0K | $-185.0K | ||
| Q1 24 | $-979.0K | $1.6M |
| Q4 25 | 17.1% | 39.3% | ||
| Q3 25 | 23.7% | 36.6% | ||
| Q2 25 | 20.6% | 28.8% | ||
| Q1 25 | 14.8% | 32.0% | ||
| Q4 24 | 17.5% | 29.1% | ||
| Q3 24 | 24.6% | 28.4% | ||
| Q2 24 | 22.1% | 35.0% | ||
| Q1 24 | 16.2% | 47.3% |
| Q4 25 | 0.4% | -0.9% | ||
| Q3 25 | 9.1% | -3.7% | ||
| Q2 25 | 3.7% | -7.9% | ||
| Q1 25 | -7.2% | -7.6% | ||
| Q4 24 | -0.8% | -2.3% | ||
| Q3 24 | 9.4% | -15.7% | ||
| Q2 24 | 6.3% | -5.5% | ||
| Q1 24 | -2.7% | 9.0% |
| Q4 25 | -1.7% | 0.8% | ||
| Q3 25 | 7.4% | -1.3% | ||
| Q2 25 | 1.4% | -1.7% | ||
| Q1 25 | -9.3% | -0.8% | ||
| Q4 24 | -2.8% | 3.0% | ||
| Q3 24 | 7.6% | -12.7% | ||
| Q2 24 | 4.1% | -1.4% | ||
| Q1 24 | -5.2% | 11.6% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $-0.02 | ||
| 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 | $24.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $38.4M | $44.8M |
| Total Assets | $87.4M | $69.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $24.9M | ||
| Q3 25 | $4.6M | $27.4M | ||
| Q2 25 | $3.7M | $26.3M | ||
| Q1 25 | $1.3M | $29.5M | ||
| Q4 24 | $2.8M | $30.7M | ||
| Q3 24 | $3.9M | $30.6M | ||
| Q2 24 | $3.8M | $28.9M | ||
| Q1 24 | $1.2M | $27.1M |
| Q4 25 | $38.4M | $44.8M | ||
| Q3 25 | $38.7M | $44.6M | ||
| Q2 25 | $36.8M | $47.5M | ||
| Q1 25 | $36.5M | $47.5M | ||
| Q4 24 | $38.0M | $47.5M | ||
| Q3 24 | $38.5M | $47.3M | ||
| Q2 24 | $36.7M | $48.1M | ||
| Q1 24 | $35.7M | $48.2M |
| Q4 25 | $87.4M | $69.2M | ||
| Q3 25 | $90.7M | $71.2M | ||
| Q2 25 | $88.1M | $66.8M | ||
| Q1 25 | $87.6M | $67.1M | ||
| Q4 24 | $86.2M | $67.5M | ||
| Q3 24 | $89.1M | $69.4M | ||
| Q2 24 | $91.7M | $66.8M | ||
| Q1 24 | $90.6M | $64.2M |
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 | $-2.9M |
| Free Cash FlowOCF − Capex | $-166.0K | $-3.0M |
| FCF MarginFCF / Revenue | -0.8% | -25.1% |
| Capex IntensityCapex / Revenue | 2.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -32.04× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-2.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.0K | $-2.9M | ||
| Q3 25 | $1.5M | $1.9M | ||
| Q2 25 | $3.0M | $-3.3M | ||
| Q1 25 | $-982.0K | $1.9M | ||
| Q4 24 | $-579.0K | $1.7M | ||
| Q3 24 | $342.0K | $-1.5M | ||
| Q2 24 | $3.2M | $2.4M | ||
| Q1 24 | $411.0K | $1.7M |
| Q4 25 | $-166.0K | $-3.0M | ||
| Q3 25 | $852.0K | $1.7M | ||
| Q2 25 | $2.7M | $-3.3M | ||
| Q1 25 | $-1.4M | $1.9M | ||
| Q4 24 | $-1.1M | $1.7M | ||
| Q3 24 | $-660.0K | $-1.5M | ||
| Q2 24 | $2.9M | $2.4M | ||
| Q1 24 | $56.0K | $1.6M |
| Q4 25 | -0.8% | -25.1% | ||
| Q3 25 | 3.3% | 11.5% | ||
| Q2 25 | 13.5% | -21.7% | ||
| Q1 25 | -8.5% | 14.5% | ||
| Q4 24 | -6.4% | 10.8% | ||
| Q3 24 | -2.7% | -11.7% | ||
| Q2 24 | 12.4% | 17.9% | ||
| Q1 24 | 0.3% | 11.9% |
| Q4 25 | 2.1% | 0.9% | ||
| Q3 25 | 2.3% | 1.6% | ||
| Q2 25 | 1.4% | 0.4% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 4.1% | 0.1% | ||
| Q2 24 | 1.5% | 0.3% | ||
| Q1 24 | 1.9% | 0.1% |
| Q4 25 | — | -32.04× | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 11.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 3.35× | — | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWX
Segment breakdown not available.
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
