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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and M-tron Industries, Inc. (MPTI). Click either name above to swap in a different company.

AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $14.2M, roughly 1.5× M-tron Industries, Inc.). M-tron Industries, Inc. runs the higher net margin — 24.1% vs -1.7%, a 25.7% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 11.2%). M-tron Industries, Inc. produced more free cash flow last quarter ($2.3M vs $-166.0K). Over the past eight quarters, M-tron Industries, Inc.'s revenue compounded faster (12.8% 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.

M-tron Industries, Inc. designs, manufactures and markets high-performance frequency control and timing solutions including crystal oscillators, filters and integrated timing assemblies. Its products serve aerospace, defense, telecom, industrial automation and medical device segments, catering mainly to North American, European and Asian commercial and government clients.

AWX vs MPTI — Head-to-Head

Bigger by revenue
AWX
AWX
1.5× larger
AWX
$21.5M
$14.2M
MPTI
Growing faster (revenue YoY)
AWX
AWX
+10.6% gap
AWX
21.7%
11.2%
MPTI
Higher net margin
MPTI
MPTI
25.7% more per $
MPTI
24.1%
-1.7%
AWX
More free cash flow
MPTI
MPTI
$2.5M more FCF
MPTI
$2.3M
$-166.0K
AWX
Faster 2-yr revenue CAGR
MPTI
MPTI
Annualised
MPTI
12.8%
6.7%
AWX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
MPTI
MPTI
Revenue
$21.5M
$14.2M
Net Profit
$-356.0K
$3.4M
Gross Margin
17.1%
Operating Margin
0.4%
27.3%
Net Margin
-1.7%
24.1%
Revenue YoY
21.7%
11.2%
Net Profit YoY
28.4%
60.1%
EPS (diluted)
$0.90

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
MPTI
MPTI
Q4 25
$21.5M
$14.2M
Q3 25
$25.7M
$14.2M
Q2 25
$20.3M
$13.3M
Q1 25
$16.1M
$12.7M
Q4 24
$17.6M
$12.8M
Q3 24
$24.2M
$13.2M
Q2 24
$23.1M
$11.8M
Q1 24
$18.9M
$11.2M
Net Profit
AWX
AWX
MPTI
MPTI
Q4 25
$-356.0K
$3.4M
Q3 25
$1.9M
$1.8M
Q2 25
$274.0K
$1.6M
Q1 25
$-1.5M
$1.6M
Q4 24
$-497.0K
$2.1M
Q3 24
$1.8M
$2.3M
Q2 24
$954.0K
$1.7M
Q1 24
$-979.0K
$1.5M
Gross Margin
AWX
AWX
MPTI
MPTI
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
MPTI
MPTI
Q4 25
0.4%
27.3%
Q3 25
9.1%
18.0%
Q2 25
3.7%
13.9%
Q1 25
-7.2%
15.8%
Q4 24
-0.8%
20.1%
Q3 24
9.4%
22.1%
Q2 24
6.3%
17.8%
Q1 24
-2.7%
16.0%
Net Margin
AWX
AWX
MPTI
MPTI
Q4 25
-1.7%
24.1%
Q3 25
7.4%
12.9%
Q2 25
1.4%
11.7%
Q1 25
-9.3%
12.8%
Q4 24
-2.8%
16.7%
Q3 24
7.6%
17.2%
Q2 24
4.1%
14.8%
Q1 24
-5.2%
13.3%
EPS (diluted)
AWX
AWX
MPTI
MPTI
Q4 25
$0.90
Q3 25
$0.63
Q2 25
$0.53
Q1 25
$0.56
Q4 24
$0.68
Q3 24
$0.81
Q2 24
$0.63
Q1 24
$0.53

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
MPTI
MPTI
Cash + ST InvestmentsLiquidity on hand
$4.1M
$20.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$63.2M
Total Assets
$87.4M
$68.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
MPTI
MPTI
Q4 25
$4.1M
$20.9M
Q3 25
$4.6M
$18.3M
Q2 25
$3.7M
$15.5M
Q1 25
$1.3M
$13.7M
Q4 24
$2.8M
$12.6M
Q3 24
$3.9M
$8.5M
Q2 24
$3.8M
$6.5M
Q1 24
$1.2M
$5.4M
Stockholders' Equity
AWX
AWX
MPTI
MPTI
Q4 25
$38.4M
$63.2M
Q3 25
$38.7M
$37.0M
Q2 25
$36.8M
$34.8M
Q1 25
$36.5M
$33.2M
Q4 24
$38.0M
$31.3M
Q3 24
$38.5M
$26.2M
Q2 24
$36.7M
$23.7M
Q1 24
$35.7M
$21.7M
Total Assets
AWX
AWX
MPTI
MPTI
Q4 25
$87.4M
$68.4M
Q3 25
$90.7M
$42.2M
Q2 25
$88.1M
$39.7M
Q1 25
$87.6M
$37.8M
Q4 24
$86.2M
$36.6M
Q3 24
$89.1M
$31.5M
Q2 24
$91.7M
$28.4M
Q1 24
$90.6M
$26.8M

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
MPTI
MPTI
Operating Cash FlowLast quarter
$278.0K
$2.7M
Free Cash FlowOCF − Capex
$-166.0K
$2.3M
FCF MarginFCF / Revenue
-0.8%
16.4%
Capex IntensityCapex / Revenue
2.1%
2.4%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
MPTI
MPTI
Q4 25
$278.0K
$2.7M
Q3 25
$1.5M
$3.5M
Q2 25
$3.0M
$2.9M
Q1 25
$-982.0K
$1.6M
Q4 24
$-579.0K
$1.8M
Q3 24
$342.0K
$2.3M
Q2 24
$3.2M
$2.0M
Q1 24
$411.0K
$1.5M
Free Cash Flow
AWX
AWX
MPTI
MPTI
Q4 25
$-166.0K
$2.3M
Q3 25
$852.0K
$2.7M
Q2 25
$2.7M
$2.0M
Q1 25
$-1.4M
$1.0M
Q4 24
$-1.1M
$1.4M
Q3 24
$-660.0K
$1.8M
Q2 24
$2.9M
$1.1M
Q1 24
$56.0K
$1.4M
FCF Margin
AWX
AWX
MPTI
MPTI
Q4 25
-0.8%
16.4%
Q3 25
3.3%
19.1%
Q2 25
13.5%
15.4%
Q1 25
-8.5%
8.0%
Q4 24
-6.4%
10.8%
Q3 24
-2.7%
13.4%
Q2 24
12.4%
9.2%
Q1 24
0.3%
12.3%
Capex Intensity
AWX
AWX
MPTI
MPTI
Q4 25
2.1%
2.4%
Q3 25
2.3%
5.7%
Q2 25
1.4%
6.1%
Q1 25
2.4%
4.6%
Q4 24
3.1%
3.3%
Q3 24
4.1%
3.6%
Q2 24
1.5%
7.4%
Q1 24
1.9%
1.1%
Cash Conversion
AWX
AWX
MPTI
MPTI
Q4 25
0.78×
Q3 25
0.76×
1.92×
Q2 25
11.07×
1.83×
Q1 25
0.99×
Q4 24
0.85×
Q3 24
0.19×
0.99×
Q2 24
3.35×
1.12×
Q1 24
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AWX
AWX

Segment breakdown not available.

MPTI
MPTI

US$11.3M79%
Non Us$2.9M21%

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