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

LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $21.5M, roughly 1.1× AVALON HOLDINGS CORP). LCNB CORP runs the higher net margin — 23.7% vs -1.7%, a 25.4% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $-166.0K). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% 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.

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

AWX vs LCNB — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.1× larger
LCNB
$23.9M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+16.6% gap
AWX
21.7%
5.1%
LCNB
Higher net margin
LCNB
LCNB
25.4% more per $
LCNB
23.7%
-1.7%
AWX
More free cash flow
LCNB
LCNB
$33.6M more FCF
LCNB
$33.4M
$-166.0K
AWX
Faster 2-yr revenue CAGR
LCNB
LCNB
Annualised
LCNB
15.7%
6.7%
AWX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
LCNB
LCNB
Revenue
$21.5M
$23.9M
Net Profit
$-356.0K
$5.7M
Gross Margin
17.1%
Operating Margin
0.4%
29.2%
Net Margin
-1.7%
23.7%
Revenue YoY
21.7%
5.1%
Net Profit YoY
28.4%
-7.6%
EPS (diluted)
$0.40

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
LCNB
LCNB
Q4 25
$21.5M
$23.9M
Q3 25
$25.7M
$23.8M
Q2 25
$20.3M
$22.8M
Q1 25
$16.1M
$21.5M
Q4 24
$17.6M
$22.7M
Q3 24
$24.2M
$21.4M
Q2 24
$23.1M
$19.3M
Q1 24
$18.9M
$17.8M
Net Profit
AWX
AWX
LCNB
LCNB
Q4 25
$-356.0K
$5.7M
Q3 25
$1.9M
$6.9M
Q2 25
$274.0K
$5.9M
Q1 25
$-1.5M
$4.6M
Q4 24
$-497.0K
$6.1M
Q3 24
$1.8M
$4.5M
Q2 24
$954.0K
$925.0K
Q1 24
$-979.0K
$1.9M
Gross Margin
AWX
AWX
LCNB
LCNB
Q4 25
17.1%
Q3 25
23.7%
Q2 25
20.6%
Q1 25
14.8%
Q4 24
17.5%
Q3 24
24.6%
Q2 24
22.1%
Q1 24
16.2%
Operating Margin
AWX
AWX
LCNB
LCNB
Q4 25
0.4%
29.2%
Q3 25
9.1%
35.6%
Q2 25
3.7%
31.6%
Q1 25
-7.2%
25.6%
Q4 24
-0.8%
32.9%
Q3 24
9.4%
24.9%
Q2 24
6.3%
4.9%
Q1 24
-2.7%
12.5%
Net Margin
AWX
AWX
LCNB
LCNB
Q4 25
-1.7%
23.7%
Q3 25
7.4%
29.1%
Q2 25
1.4%
26.0%
Q1 25
-9.3%
21.4%
Q4 24
-2.8%
27.0%
Q3 24
7.6%
21.2%
Q2 24
4.1%
4.8%
Q1 24
-5.2%
10.7%
EPS (diluted)
AWX
AWX
LCNB
LCNB
Q4 25
$0.40
Q3 25
$0.49
Q2 25
$0.41
Q1 25
$0.33
Q4 24
$0.44
Q3 24
$0.31
Q2 24
$0.07
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$4.1M
$21.6M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$38.4M
$273.9M
Total Assets
$87.4M
$2.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
LCNB
LCNB
Q4 25
$4.1M
$21.6M
Q3 25
$4.6M
$35.9M
Q2 25
$3.7M
$49.8M
Q1 25
$1.3M
$37.7M
Q4 24
$2.8M
$35.7M
Q3 24
$3.9M
$39.4M
Q2 24
$3.8M
$34.9M
Q1 24
$1.2M
$33.0M
Total Debt
AWX
AWX
LCNB
LCNB
Q4 25
$104.4M
Q3 25
$104.7M
Q2 25
$105.0M
Q1 25
$104.6M
Q4 24
$155.2M
Q3 24
$155.7M
Q2 24
$162.2M
Q1 24
$162.6M
Stockholders' Equity
AWX
AWX
LCNB
LCNB
Q4 25
$38.4M
$273.9M
Q3 25
$38.7M
$269.9M
Q2 25
$36.8M
$263.5M
Q1 25
$36.5M
$258.7M
Q4 24
$38.0M
$253.0M
Q3 24
$38.5M
$253.2M
Q2 24
$36.7M
$245.2M
Q1 24
$35.7M
$233.7M
Total Assets
AWX
AWX
LCNB
LCNB
Q4 25
$87.4M
$2.2B
Q3 25
$90.7M
$2.2B
Q2 25
$88.1M
$2.3B
Q1 25
$87.6M
$2.3B
Q4 24
$86.2M
$2.3B
Q3 24
$89.1M
$2.3B
Q2 24
$91.7M
$2.4B
Q1 24
$90.6M
$2.3B
Debt / Equity
AWX
AWX
LCNB
LCNB
Q4 25
0.38×
Q3 25
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.61×
Q2 24
0.66×
Q1 24
0.70×

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
LCNB
LCNB
Operating Cash FlowLast quarter
$278.0K
$34.4M
Free Cash FlowOCF − Capex
$-166.0K
$33.4M
FCF MarginFCF / Revenue
-0.8%
140.2%
Capex IntensityCapex / Revenue
2.1%
4.0%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
LCNB
LCNB
Q4 25
$278.0K
$34.4M
Q3 25
$1.5M
$14.0M
Q2 25
$3.0M
$5.5M
Q1 25
$-982.0K
$2.2M
Q4 24
$-579.0K
$93.2M
Q3 24
$342.0K
$11.9M
Q2 24
$3.2M
$54.9M
Q1 24
$411.0K
$-11.9M
Free Cash Flow
AWX
AWX
LCNB
LCNB
Q4 25
$-166.0K
$33.4M
Q3 25
$852.0K
$13.7M
Q2 25
$2.7M
$5.2M
Q1 25
$-1.4M
$2.1M
Q4 24
$-1.1M
$89.4M
Q3 24
$-660.0K
$10.5M
Q2 24
$2.9M
$53.8M
Q1 24
$56.0K
$-12.8M
FCF Margin
AWX
AWX
LCNB
LCNB
Q4 25
-0.8%
140.2%
Q3 25
3.3%
57.4%
Q2 25
13.5%
23.0%
Q1 25
-8.5%
10.0%
Q4 24
-6.4%
394.0%
Q3 24
-2.7%
49.0%
Q2 24
12.4%
278.6%
Q1 24
0.3%
-71.8%
Capex Intensity
AWX
AWX
LCNB
LCNB
Q4 25
2.1%
4.0%
Q3 25
2.3%
1.3%
Q2 25
1.4%
1.0%
Q1 25
2.4%
0.3%
Q4 24
3.1%
16.7%
Q3 24
4.1%
6.7%
Q2 24
1.5%
5.9%
Q1 24
1.9%
4.8%
Cash Conversion
AWX
AWX
LCNB
LCNB
Q4 25
6.08×
Q3 25
0.76×
2.02×
Q2 25
11.07×
0.92×
Q1 25
0.48×
Q4 24
15.23×
Q3 24
0.19×
2.63×
Q2 24
3.35×
59.35×
Q1 24
-6.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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