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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $21.5M, roughly 1.2× AVALON HOLDINGS CORP). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -28.1%, a 26.5% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -8.2%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-12.7M). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -8.7%).

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.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

AWX vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
1.2× larger
FSP
$26.0M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+30.0% gap
AWX
21.7%
-8.2%
FSP
Higher net margin
AWX
AWX
26.5% more per $
AWX
-1.7%
-28.1%
FSP
More free cash flow
AWX
AWX
$12.5M more FCF
AWX
$-166.0K
$-12.7M
FSP
Faster 2-yr revenue CAGR
AWX
AWX
Annualised
AWX
6.7%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
FSP
FSP
Revenue
$21.5M
$26.0M
Net Profit
$-356.0K
$-7.3M
Gross Margin
17.1%
59.4%
Operating Margin
0.4%
-27.9%
Net Margin
-1.7%
-28.1%
Revenue YoY
21.7%
-8.2%
Net Profit YoY
28.4%
14.1%
EPS (diluted)
$-0.06

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
FSP
FSP
Q4 25
$21.5M
$26.0M
Q3 25
$25.7M
$27.3M
Q2 25
$20.3M
$26.7M
Q1 25
$16.1M
$27.1M
Q4 24
$17.6M
$28.4M
Q3 24
$24.2M
$29.7M
Q2 24
$23.1M
$30.8M
Q1 24
$18.9M
$31.2M
Net Profit
AWX
AWX
FSP
FSP
Q4 25
$-356.0K
$-7.3M
Q3 25
$1.9M
$-8.3M
Q2 25
$274.0K
$-7.9M
Q1 25
$-1.5M
$-21.4M
Q4 24
$-497.0K
$-8.5M
Q3 24
$1.8M
$-15.6M
Q2 24
$954.0K
$-21.0M
Q1 24
$-979.0K
$-7.6M
Gross Margin
AWX
AWX
FSP
FSP
Q4 25
17.1%
59.4%
Q3 25
23.7%
60.9%
Q2 25
20.6%
59.9%
Q1 25
14.8%
62.8%
Q4 24
17.5%
59.7%
Q3 24
24.6%
61.0%
Q2 24
22.1%
64.2%
Q1 24
16.2%
64.7%
Operating Margin
AWX
AWX
FSP
FSP
Q4 25
0.4%
-27.9%
Q3 25
9.1%
-30.5%
Q2 25
3.7%
-29.2%
Q1 25
-7.2%
-78.9%
Q4 24
-0.8%
-29.9%
Q3 24
9.4%
-52.4%
Q2 24
6.3%
-68.0%
Q1 24
-2.7%
-24.0%
Net Margin
AWX
AWX
FSP
FSP
Q4 25
-1.7%
-28.1%
Q3 25
7.4%
-30.5%
Q2 25
1.4%
-29.5%
Q1 25
-9.3%
-79.1%
Q4 24
-2.8%
-30.0%
Q3 24
7.6%
-52.6%
Q2 24
4.1%
-68.2%
Q1 24
-5.2%
-24.2%
EPS (diluted)
AWX
AWX
FSP
FSP
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$-0.21
Q4 24
$-0.09
Q3 24
$-0.15
Q2 24
$-0.20
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
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$4.1M
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$607.0M
Total Assets
$87.4M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
FSP
FSP
Q4 25
$4.1M
$30.6M
Q3 25
$4.6M
$31.4M
Q2 25
$3.7M
$29.4M
Q1 25
$1.3M
$30.2M
Q4 24
$2.8M
$41.1M
Q3 24
$3.9M
$40.9M
Q2 24
$3.8M
$30.2M
Q1 24
$1.2M
$34.2M
Stockholders' Equity
AWX
AWX
FSP
FSP
Q4 25
$38.4M
$607.0M
Q3 25
$38.7M
$615.3M
Q2 25
$36.8M
$624.7M
Q1 25
$36.5M
$633.4M
Q4 24
$38.0M
$655.9M
Q3 24
$38.5M
$665.4M
Q2 24
$36.7M
$682.1M
Q1 24
$35.7M
$703.9M
Total Assets
AWX
AWX
FSP
FSP
Q4 25
$87.4M
$892.9M
Q3 25
$90.7M
$901.0M
Q2 25
$88.1M
$903.2M
Q1 25
$87.6M
$916.4M
Q4 24
$86.2M
$946.9M
Q3 24
$89.1M
$981.5M
Q2 24
$91.7M
$1.0B
Q1 24
$90.6M
$1.0B

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
FSP
FSP
Operating Cash FlowLast quarter
$278.0K
$3.8M
Free Cash FlowOCF − Capex
$-166.0K
$-12.7M
FCF MarginFCF / Revenue
-0.8%
-48.6%
Capex IntensityCapex / Revenue
2.1%
63.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
FSP
FSP
Q4 25
$278.0K
$3.8M
Q3 25
$1.5M
$8.3M
Q2 25
$3.0M
$-2.9M
Q1 25
$-982.0K
$-5.5M
Q4 24
$-579.0K
$9.0M
Q3 24
$342.0K
$14.5M
Q2 24
$3.2M
$-648.0K
Q1 24
$411.0K
$-7.1M
Free Cash Flow
AWX
AWX
FSP
FSP
Q4 25
$-166.0K
$-12.7M
Q3 25
$852.0K
$3.0M
Q2 25
$2.7M
$-5.7M
Q1 25
$-1.4M
$-9.9M
Q4 24
$-1.1M
$-16.2M
Q3 24
$-660.0K
$8.6M
Q2 24
$2.9M
$-5.1M
Q1 24
$56.0K
$-15.8M
FCF Margin
AWX
AWX
FSP
FSP
Q4 25
-0.8%
-48.6%
Q3 25
3.3%
11.0%
Q2 25
13.5%
-21.5%
Q1 25
-8.5%
-36.7%
Q4 24
-6.4%
-57.2%
Q3 24
-2.7%
29.1%
Q2 24
12.4%
-16.7%
Q1 24
0.3%
-50.8%
Capex Intensity
AWX
AWX
FSP
FSP
Q4 25
2.1%
63.0%
Q3 25
2.3%
19.4%
Q2 25
1.4%
10.7%
Q1 25
2.4%
16.4%
Q4 24
3.1%
88.9%
Q3 24
4.1%
19.6%
Q2 24
1.5%
14.6%
Q1 24
1.9%
28.1%
Cash Conversion
AWX
AWX
FSP
FSP
Q4 25
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.

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