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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and DHI GROUP, INC. (DHX). Click either name above to swap in a different company.

DHI GROUP, INC. is the larger business by last-quarter revenue ($31.4M vs $21.5M, roughly 1.5× AVALON HOLDINGS CORP). DHI GROUP, INC. runs the higher net margin — 3.0% vs -1.7%, a 4.7% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -9.8%). DHI GROUP, INC. produced more free cash flow last quarter ($5.7M vs $-166.0K). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% 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.

DHI is an international water software development and engineering consultancy firm with headquarters in Denmark. The profit-for-purpose organisation addresses all challenges in water environments through consultancy services, MIKE Powered by DHI water modelling software, business applications, data portals and operational services. DHI has 30 offices throughout the world, with software development centres in Singapore and Denmark, and approximately 1050 employees.

AWX vs DHX — Head-to-Head

Bigger by revenue
DHX
DHX
1.5× larger
DHX
$31.4M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+31.5% gap
AWX
21.7%
-9.8%
DHX
Higher net margin
DHX
DHX
4.7% more per $
DHX
3.0%
-1.7%
AWX
More free cash flow
DHX
DHX
$5.9M more FCF
DHX
$5.7M
$-166.0K
AWX
Faster 2-yr revenue CAGR
AWX
AWX
Annualised
AWX
6.7%
-6.7%
DHX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
DHX
DHX
Revenue
$21.5M
$31.4M
Net Profit
$-356.0K
$951.0K
Gross Margin
17.1%
Operating Margin
0.4%
10.4%
Net Margin
-1.7%
3.0%
Revenue YoY
21.7%
-9.8%
Net Profit YoY
28.4%
-6.9%
EPS (diluted)
$0.03

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
DHX
DHX
Q4 25
$21.5M
$31.4M
Q3 25
$25.7M
$32.1M
Q2 25
$20.3M
$32.0M
Q1 25
$16.1M
$32.3M
Q4 24
$17.6M
$34.8M
Q3 24
$24.2M
$35.3M
Q2 24
$23.1M
$35.8M
Q1 24
$18.9M
$36.0M
Net Profit
AWX
AWX
DHX
DHX
Q4 25
$-356.0K
$951.0K
Q3 25
$1.9M
$-4.3M
Q2 25
$274.0K
$-841.0K
Q1 25
$-1.5M
$-9.4M
Q4 24
$-497.0K
$1.0M
Q3 24
$1.8M
$-200.0K
Q2 24
$954.0K
$943.0K
Q1 24
$-979.0K
$-1.5M
Gross Margin
AWX
AWX
DHX
DHX
Q4 25
17.1%
Q3 25
23.7%
85.7%
Q2 25
20.6%
84.0%
Q1 25
14.8%
83.4%
Q4 24
17.5%
Q3 24
24.6%
85.6%
Q2 24
22.1%
85.5%
Q1 24
16.2%
86.5%
Operating Margin
AWX
AWX
DHX
DHX
Q4 25
0.4%
10.4%
Q3 25
9.1%
-14.0%
Q2 25
3.7%
-3.9%
Q1 25
-7.2%
-27.5%
Q4 24
-0.8%
5.0%
Q3 24
9.4%
1.8%
Q2 24
6.3%
5.6%
Q1 24
-2.7%
5.5%
Net Margin
AWX
AWX
DHX
DHX
Q4 25
-1.7%
3.0%
Q3 25
7.4%
-13.3%
Q2 25
1.4%
-2.6%
Q1 25
-9.3%
-28.9%
Q4 24
-2.8%
2.9%
Q3 24
7.6%
-0.6%
Q2 24
4.1%
2.6%
Q1 24
-5.2%
-4.2%
EPS (diluted)
AWX
AWX
DHX
DHX
Q4 25
$0.03
Q3 25
$-0.10
Q2 25
$-0.02
Q1 25
$-0.21
Q4 24
$0.02
Q3 24
$0.00
Q2 24
$0.02
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
DHX
DHX
Cash + ST InvestmentsLiquidity on hand
$4.1M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$94.5M
Total Assets
$87.4M
$188.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
DHX
DHX
Q4 25
$4.1M
$2.9M
Q3 25
$4.6M
$2.3M
Q2 25
$3.7M
$2.8M
Q1 25
$1.3M
$2.7M
Q4 24
$2.8M
$3.7M
Q3 24
$3.9M
$2.1M
Q2 24
$3.8M
$3.0M
Q1 24
$1.2M
$3.2M
Total Debt
AWX
AWX
DHX
DHX
Q4 25
Q3 25
$30.0M
Q2 25
$30.0M
Q1 25
$33.0M
Q4 24
$32.0M
Q3 24
$32.0M
Q2 24
$35.0M
Q1 24
$41.0M
Stockholders' Equity
AWX
AWX
DHX
DHX
Q4 25
$38.4M
$94.5M
Q3 25
$38.7M
$97.3M
Q2 25
$36.8M
$102.5M
Q1 25
$36.5M
$103.9M
Q4 24
$38.0M
$114.3M
Q3 24
$38.5M
$111.3M
Q2 24
$36.7M
$109.8M
Q1 24
$35.7M
$106.6M
Total Assets
AWX
AWX
DHX
DHX
Q4 25
$87.4M
$188.2M
Q3 25
$90.7M
$192.5M
Q2 25
$88.1M
$204.9M
Q1 25
$87.6M
$212.1M
Q4 24
$86.2M
$221.4M
Q3 24
$89.1M
$219.4M
Q2 24
$91.7M
$224.4M
Q1 24
$90.6M
$231.9M
Debt / Equity
AWX
AWX
DHX
DHX
Q4 25
Q3 25
0.31×
Q2 25
0.29×
Q1 25
0.32×
Q4 24
0.28×
Q3 24
0.29×
Q2 24
0.32×
Q1 24
0.38×

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
DHX
DHX
Operating Cash FlowLast quarter
$278.0K
$7.2M
Free Cash FlowOCF − Capex
$-166.0K
$5.7M
FCF MarginFCF / Revenue
-0.8%
18.1%
Capex IntensityCapex / Revenue
2.1%
4.9%
Cash ConversionOCF / Net Profit
7.60×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$13.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
DHX
DHX
Q4 25
$278.0K
$7.2M
Q3 25
$1.5M
$4.8M
Q2 25
$3.0M
$6.9M
Q1 25
$-982.0K
$2.2M
Q4 24
$-579.0K
$4.4M
Q3 24
$342.0K
$5.5M
Q2 24
$3.2M
$9.1M
Q1 24
$411.0K
$2.1M
Free Cash Flow
AWX
AWX
DHX
DHX
Q4 25
$-166.0K
$5.7M
Q3 25
$852.0K
$3.2M
Q2 25
$2.7M
$4.8M
Q1 25
$-1.4M
$88.0K
Q4 24
$-1.1M
$1.6M
Q3 24
$-660.0K
$2.3M
Q2 24
$2.9M
$5.6M
Q1 24
$56.0K
$-2.4M
FCF Margin
AWX
AWX
DHX
DHX
Q4 25
-0.8%
18.1%
Q3 25
3.3%
9.9%
Q2 25
13.5%
15.1%
Q1 25
-8.5%
0.3%
Q4 24
-6.4%
4.6%
Q3 24
-2.7%
6.5%
Q2 24
12.4%
15.6%
Q1 24
0.3%
-6.5%
Capex Intensity
AWX
AWX
DHX
DHX
Q4 25
2.1%
4.9%
Q3 25
2.3%
5.0%
Q2 25
1.4%
6.3%
Q1 25
2.4%
6.7%
Q4 24
3.1%
8.0%
Q3 24
4.1%
9.2%
Q2 24
1.5%
9.7%
Q1 24
1.9%
12.3%
Cash Conversion
AWX
AWX
DHX
DHX
Q4 25
7.60×
Q3 25
0.76×
Q2 25
11.07×
Q1 25
Q4 24
4.27×
Q3 24
0.19×
Q2 24
3.35×
9.61×
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.

DHX
DHX

Clearance Jobs$17.4M56%
Clearance Jobs Segment$13.9M44%

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