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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $17.1M, roughly 1.3× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -1.7%, a 12.2% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 8.3%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% 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.
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
AWX vs FEIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $17.1M |
| Net Profit | $-356.0K | $1.8M |
| Gross Margin | 17.1% | 38.2% |
| Operating Margin | 0.4% | 10.0% |
| Net Margin | -1.7% | 10.5% |
| Revenue YoY | 21.7% | 8.3% |
| Net Profit YoY | 28.4% | -32.1% |
| EPS (diluted) | — | $0.18 |
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 | $17.1M | ||
| Q3 25 | $25.7M | $13.8M | ||
| Q2 25 | $20.3M | $20.0M | ||
| Q1 25 | $16.1M | $18.9M | ||
| Q4 24 | $17.6M | $15.8M | ||
| Q3 24 | $24.2M | $15.1M | ||
| Q2 24 | $23.1M | $15.6M | ||
| Q1 24 | $18.9M | $13.7M |
| Q4 25 | $-356.0K | $1.8M | ||
| Q3 25 | $1.9M | $634.0K | ||
| Q2 25 | $274.0K | $3.2M | ||
| Q1 25 | $-1.5M | $15.4M | ||
| Q4 24 | $-497.0K | $2.7M | ||
| Q3 24 | $1.8M | $2.4M | ||
| Q2 24 | $954.0K | $2.6M | ||
| Q1 24 | $-979.0K | $130.0K |
| Q4 25 | 17.1% | 38.2% | ||
| Q3 25 | 23.7% | 36.8% | ||
| Q2 25 | 20.6% | 37.5% | ||
| Q1 25 | 14.8% | 43.8% | ||
| Q4 24 | 17.5% | 48.2% | ||
| Q3 24 | 24.6% | 44.4% | ||
| Q2 24 | 22.1% | 40.3% | ||
| Q1 24 | 16.2% | 22.6% |
| Q4 25 | 0.4% | 10.0% | ||
| Q3 25 | 9.1% | 2.6% | ||
| Q2 25 | 3.7% | 16.4% | ||
| Q1 25 | -7.2% | 18.3% | ||
| Q4 24 | -0.8% | 16.5% | ||
| Q3 24 | 9.4% | 15.7% | ||
| Q2 24 | 6.3% | 16.0% | ||
| Q1 24 | -2.7% | -3.4% |
| Q4 25 | -1.7% | 10.5% | ||
| Q3 25 | 7.4% | 4.6% | ||
| Q2 25 | 1.4% | 16.0% | ||
| Q1 25 | -9.3% | 81.4% | ||
| Q4 24 | -2.8% | 16.8% | ||
| Q3 24 | 7.6% | 16.1% | ||
| Q2 24 | 4.1% | 16.9% | ||
| Q1 24 | -5.2% | 0.9% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.33 | ||
| Q1 25 | — | $1.60 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $0.25 | ||
| Q2 24 | — | $0.28 | ||
| Q1 24 | — | $0.01 |
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 | $3.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $38.4M | $58.5M |
| Total Assets | $87.4M | $92.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $3.0M | ||
| Q3 25 | $4.6M | $4.5M | ||
| Q2 25 | $3.7M | $4.7M | ||
| Q1 25 | $1.3M | $5.5M | ||
| Q4 24 | $2.8M | $9.7M | ||
| Q3 24 | $3.9M | $16.2M | ||
| Q2 24 | $3.8M | $18.3M | ||
| Q1 24 | $1.2M | $11.7M |
| Q4 25 | $38.4M | $58.5M | ||
| Q3 25 | $38.7M | $56.3M | ||
| Q2 25 | $36.8M | $55.6M | ||
| Q1 25 | $36.5M | $51.8M | ||
| Q4 24 | $38.0M | $36.2M | ||
| Q3 24 | $38.5M | $33.2M | ||
| Q2 24 | $36.7M | $39.8M | ||
| Q1 24 | $35.7M | $36.7M |
| Q4 25 | $87.4M | $92.3M | ||
| Q3 25 | $90.7M | $93.2M | ||
| Q2 25 | $88.1M | $93.7M | ||
| Q1 25 | $87.6M | $86.4M | ||
| Q4 24 | $86.2M | $77.8M | ||
| Q3 24 | $89.1M | $84.3M | ||
| Q2 24 | $91.7M | $83.3M | ||
| Q1 24 | $90.6M | $77.7M |
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 | $-523.0K |
| Free Cash FlowOCF − Capex | $-166.0K | $-1.1M |
| FCF MarginFCF / Revenue | -0.8% | -6.6% |
| Capex IntensityCapex / Revenue | 2.1% | 3.6% |
| Cash ConversionOCF / Net Profit | — | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.0K | $-523.0K | ||
| Q3 25 | $1.5M | $1.2M | ||
| Q2 25 | $3.0M | $-155.0K | ||
| Q1 25 | $-982.0K | $-3.6M | ||
| Q4 24 | $-579.0K | $3.8M | ||
| Q3 24 | $342.0K | $-1.5M | ||
| Q2 24 | $3.2M | $7.5M | ||
| Q1 24 | $411.0K | $4.2M |
| Q4 25 | $-166.0K | $-1.1M | ||
| Q3 25 | $852.0K | $385.0K | ||
| Q2 25 | $2.7M | $-786.0K | ||
| Q1 25 | $-1.4M | $-4.0M | ||
| Q4 24 | $-1.1M | $3.3M | ||
| Q3 24 | $-660.0K | $-1.8M | ||
| Q2 24 | $2.9M | $6.7M | ||
| Q1 24 | $56.0K | $3.9M |
| Q4 25 | -0.8% | -6.6% | ||
| Q3 25 | 3.3% | 2.8% | ||
| Q2 25 | 13.5% | -3.9% | ||
| Q1 25 | -8.5% | -20.9% | ||
| Q4 24 | -6.4% | 20.8% | ||
| Q3 24 | -2.7% | -11.8% | ||
| Q2 24 | 12.4% | 42.8% | ||
| Q1 24 | 0.3% | 28.4% |
| Q4 25 | 2.1% | 3.6% | ||
| Q3 25 | 2.3% | 5.6% | ||
| Q2 25 | 1.4% | 3.2% | ||
| Q1 25 | 2.4% | 1.7% | ||
| Q4 24 | 3.1% | 3.3% | ||
| Q3 24 | 4.1% | 2.2% | ||
| Q2 24 | 1.5% | 5.3% | ||
| Q1 24 | 1.9% | 2.3% |
| Q4 25 | — | -0.29× | ||
| Q3 25 | 0.76× | 1.83× | ||
| Q2 25 | 11.07× | -0.05× | ||
| Q1 25 | — | -0.24× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | 0.19× | -0.60× | ||
| Q2 24 | 3.35× | 2.85× | ||
| Q1 24 | — | 32.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWX
Segment breakdown not available.
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
