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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and CASELLA WASTE SYSTEMS INC (CWST). Click either name above to swap in a different company.

CASELLA WASTE SYSTEMS INC is the larger business by last-quarter revenue ($469.1M vs $21.5M, roughly 21.8× AVALON HOLDINGS CORP). CASELLA WASTE SYSTEMS INC runs the higher net margin — -0.5% vs -1.7%, a 1.1% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 9.7%). CASELLA WASTE SYSTEMS INC produced more free cash flow last quarter ($39.3M vs $-166.0K). Over the past eight quarters, CASELLA WASTE SYSTEMS INC's revenue compounded faster (17.3% 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.

Casella Waste Systems, Inc. is a waste management company based in Rutland, Vermont, United States. Founded in 1975 with a single truck, Casella is a regional, vertically integrated solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The company provides integrated solid waste services in...

AWX vs CWST — Head-to-Head

Bigger by revenue
CWST
CWST
21.8× larger
CWST
$469.1M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+12.0% gap
AWX
21.7%
9.7%
CWST
Higher net margin
CWST
CWST
1.1% more per $
CWST
-0.5%
-1.7%
AWX
More free cash flow
CWST
CWST
$39.5M more FCF
CWST
$39.3M
$-166.0K
AWX
Faster 2-yr revenue CAGR
CWST
CWST
Annualised
CWST
17.3%
6.7%
AWX

Income Statement — Q4 2025 vs Q4 2025

Metric
AWX
AWX
CWST
CWST
Revenue
$21.5M
$469.1M
Net Profit
$-356.0K
$-2.5M
Gross Margin
17.1%
33.3%
Operating Margin
0.4%
2.5%
Net Margin
-1.7%
-0.5%
Revenue YoY
21.7%
9.7%
Net Profit YoY
28.4%
-151.5%
EPS (diluted)
$-0.04

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
CWST
CWST
Q4 25
$21.5M
$469.1M
Q3 25
$25.7M
$485.4M
Q2 25
$20.3M
$465.3M
Q1 25
$16.1M
$417.1M
Q4 24
$17.6M
$427.5M
Q3 24
$24.2M
$411.6M
Q2 24
$23.1M
$377.2M
Q1 24
$18.9M
$341.0M
Net Profit
AWX
AWX
CWST
CWST
Q4 25
$-356.0K
$-2.5M
Q3 25
$1.9M
$10.0M
Q2 25
$274.0K
$5.2M
Q1 25
$-1.5M
$-4.8M
Q4 24
$-497.0K
$4.9M
Q3 24
$1.8M
$5.8M
Q2 24
$954.0K
$7.0M
Q1 24
$-979.0K
$-4.1M
Gross Margin
AWX
AWX
CWST
CWST
Q4 25
17.1%
33.3%
Q3 25
23.7%
35.0%
Q2 25
20.6%
33.8%
Q1 25
14.8%
32.8%
Q4 24
17.5%
33.2%
Q3 24
24.6%
35.1%
Q2 24
22.1%
35.4%
Q1 24
16.2%
32.3%
Operating Margin
AWX
AWX
CWST
CWST
Q4 25
0.4%
2.5%
Q3 25
9.1%
6.1%
Q2 25
3.7%
4.1%
Q1 25
-7.2%
0.8%
Q4 24
-0.8%
4.3%
Q3 24
9.4%
5.9%
Q2 24
6.3%
6.1%
Q1 24
-2.7%
2.0%
Net Margin
AWX
AWX
CWST
CWST
Q4 25
-1.7%
-0.5%
Q3 25
7.4%
2.1%
Q2 25
1.4%
1.1%
Q1 25
-9.3%
-1.2%
Q4 24
-2.8%
1.1%
Q3 24
7.6%
1.4%
Q2 24
4.1%
1.9%
Q1 24
-5.2%
-1.2%
EPS (diluted)
AWX
AWX
CWST
CWST
Q4 25
$-0.04
Q3 25
$0.16
Q2 25
$0.08
Q1 25
$-0.08
Q4 24
$0.08
Q3 24
$0.10
Q2 24
$0.12
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
CWST
CWST
Cash + ST InvestmentsLiquidity on hand
$4.1M
$123.8M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$38.4M
$1.6B
Total Assets
$87.4M
$3.3B
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
CWST
CWST
Q4 25
$4.1M
$123.8M
Q3 25
$4.6M
$192.7M
Q2 25
$3.7M
$217.8M
Q1 25
$1.3M
$267.7M
Q4 24
$2.8M
$358.3M
Q3 24
$3.9M
$519.0M
Q2 24
$3.8M
$208.5M
Q1 24
$1.2M
$189.5M
Total Debt
AWX
AWX
CWST
CWST
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$976.6M
Q1 24
$980.9M
Stockholders' Equity
AWX
AWX
CWST
CWST
Q4 25
$38.4M
$1.6B
Q3 25
$38.7M
$1.6B
Q2 25
$36.8M
$1.6B
Q1 25
$36.5M
$1.5B
Q4 24
$38.0M
$1.6B
Q3 24
$38.5M
$1.5B
Q2 24
$36.7M
$1.0B
Q1 24
$35.7M
$1.0B
Total Assets
AWX
AWX
CWST
CWST
Q4 25
$87.4M
$3.3B
Q3 25
$90.7M
$3.3B
Q2 25
$88.1M
$3.3B
Q1 25
$87.6M
$3.2B
Q4 24
$86.2M
$3.2B
Q3 24
$89.1M
$3.1B
Q2 24
$91.7M
$2.5B
Q1 24
$90.6M
$2.5B
Debt / Equity
AWX
AWX
CWST
CWST
Q4 25
0.72×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.72×
Q4 24
0.70×
Q3 24
0.68×
Q2 24
0.94×
Q1 24
0.96×

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
CWST
CWST
Operating Cash FlowLast quarter
$278.0K
$96.6M
Free Cash FlowOCF − Capex
$-166.0K
$39.3M
FCF MarginFCF / Revenue
-0.8%
8.4%
Capex IntensityCapex / Revenue
2.1%
12.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$84.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
CWST
CWST
Q4 25
$278.0K
$96.6M
Q3 25
$1.5M
$93.6M
Q2 25
$3.0M
$89.5M
Q1 25
$-982.0K
$50.1M
Q4 24
$-579.0K
$109.8M
Q3 24
$342.0K
$91.8M
Q2 24
$3.2M
$72.1M
Q1 24
$411.0K
$7.7M
Free Cash Flow
AWX
AWX
CWST
CWST
Q4 25
$-166.0K
$39.3M
Q3 25
$852.0K
$27.6M
Q2 25
$2.7M
$23.1M
Q1 25
$-1.4M
$-5.4M
Q4 24
$-1.1M
$32.9M
Q3 24
$-660.0K
$40.4M
Q2 24
$2.9M
$27.5M
Q1 24
$56.0K
$-22.6M
FCF Margin
AWX
AWX
CWST
CWST
Q4 25
-0.8%
8.4%
Q3 25
3.3%
5.7%
Q2 25
13.5%
5.0%
Q1 25
-8.5%
-1.3%
Q4 24
-6.4%
7.7%
Q3 24
-2.7%
9.8%
Q2 24
12.4%
7.3%
Q1 24
0.3%
-6.6%
Capex Intensity
AWX
AWX
CWST
CWST
Q4 25
2.1%
12.2%
Q3 25
2.3%
13.6%
Q2 25
1.4%
14.3%
Q1 25
2.4%
13.3%
Q4 24
3.1%
18.0%
Q3 24
4.1%
12.5%
Q2 24
1.5%
11.8%
Q1 24
1.9%
8.9%
Cash Conversion
AWX
AWX
CWST
CWST
Q4 25
Q3 25
0.76×
9.37×
Q2 25
11.07×
17.19×
Q1 25
Q4 24
22.51×
Q3 24
0.19×
15.91×
Q2 24
3.35×
10.29×
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.

CWST
CWST

Transferred Over Time$120.9M26%
Resource Solutions Region$92.9M20%
Collection$90.9M19%
Mid Atlantic Region$89.6M19%
National Accounts$60.9M13%
Landfill Revenue$8.3M2%
Processing Services$2.1M0%
Transportation$1.4M0%

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