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

AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $14.9M, roughly 1.4× EVERSPIN TECHNOLOGIES INC.). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -2.0%, a 0.3% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 13.2%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% 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.

Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.

AWX vs MRAM — Head-to-Head

Bigger by revenue
AWX
AWX
1.4× larger
AWX
$21.5M
$14.9M
MRAM
Growing faster (revenue YoY)
AWX
AWX
+8.5% gap
AWX
21.7%
13.2%
MRAM
Higher net margin
AWX
AWX
0.3% more per $
AWX
-1.7%
-2.0%
MRAM
Faster 2-yr revenue CAGR
MRAM
MRAM
Annualised
MRAM
18.2%
6.7%
AWX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AWX
AWX
MRAM
MRAM
Revenue
$21.5M
$14.9M
Net Profit
$-356.0K
$-296.0K
Gross Margin
17.1%
52.7%
Operating Margin
0.4%
29.0%
Net Margin
-1.7%
-2.0%
Revenue YoY
21.7%
13.2%
Net Profit YoY
28.4%
EPS (diluted)
$-0.01

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
MRAM
MRAM
Q1 26
$14.9M
Q4 25
$21.5M
$14.8M
Q3 25
$25.7M
$14.1M
Q2 25
$20.3M
$13.2M
Q1 25
$16.1M
$13.1M
Q4 24
$17.6M
$13.2M
Q3 24
$24.2M
$12.1M
Q2 24
$23.1M
$10.6M
Net Profit
AWX
AWX
MRAM
MRAM
Q1 26
$-296.0K
Q4 25
$-356.0K
$1.2M
Q3 25
$1.9M
$54.0K
Q2 25
$274.0K
$-670.0K
Q1 25
$-1.5M
$-1.2M
Q4 24
$-497.0K
$1.2M
Q3 24
$1.8M
$2.3M
Q2 24
$954.0K
$-2.5M
Gross Margin
AWX
AWX
MRAM
MRAM
Q1 26
52.7%
Q4 25
17.1%
50.8%
Q3 25
23.7%
51.3%
Q2 25
20.6%
51.3%
Q1 25
14.8%
51.4%
Q4 24
17.5%
51.3%
Q3 24
24.6%
49.2%
Q2 24
22.1%
49.0%
Operating Margin
AWX
AWX
MRAM
MRAM
Q1 26
29.0%
Q4 25
0.4%
-7.2%
Q3 25
9.1%
-11.0%
Q2 25
3.7%
-14.9%
Q1 25
-7.2%
-14.7%
Q4 24
-0.8%
-11.8%
Q3 24
9.4%
-17.5%
Q2 24
6.3%
-26.5%
Net Margin
AWX
AWX
MRAM
MRAM
Q1 26
-2.0%
Q4 25
-1.7%
8.1%
Q3 25
7.4%
0.4%
Q2 25
1.4%
-5.1%
Q1 25
-9.3%
-8.9%
Q4 24
-2.8%
9.2%
Q3 24
7.6%
18.8%
Q2 24
4.1%
-23.5%
EPS (diluted)
AWX
AWX
MRAM
MRAM
Q1 26
$-0.01
Q4 25
$0.05
Q3 25
$0.00
Q2 25
$-0.03
Q1 25
$-0.05
Q4 24
$0.07
Q3 24
$0.10
Q2 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
MRAM
MRAM
Cash + ST InvestmentsLiquidity on hand
$4.1M
$40.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$70.2M
Total Assets
$87.4M
$83.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
MRAM
MRAM
Q1 26
$40.5M
Q4 25
$4.1M
$44.5M
Q3 25
$4.6M
$45.3M
Q2 25
$3.7M
$45.0M
Q1 25
$1.3M
$42.2M
Q4 24
$2.8M
$42.1M
Q3 24
$3.9M
$39.6M
Q2 24
$3.8M
$36.8M
Stockholders' Equity
AWX
AWX
MRAM
MRAM
Q1 26
$70.2M
Q4 25
$38.4M
$68.9M
Q3 25
$38.7M
$65.8M
Q2 25
$36.8M
$64.1M
Q1 25
$36.5M
$63.0M
Q4 24
$38.0M
$62.6M
Q3 24
$38.5M
$59.3M
Q2 24
$36.7M
$55.4M
Total Assets
AWX
AWX
MRAM
MRAM
Q1 26
$83.2M
Q4 25
$87.4M
$84.6M
Q3 25
$90.7M
$80.3M
Q2 25
$88.1M
$78.9M
Q1 25
$87.6M
$80.2M
Q4 24
$86.2M
$77.8M
Q3 24
$89.1M
$72.6M
Q2 24
$91.7M
$64.6M

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
MRAM
MRAM
Operating Cash FlowLast quarter
$278.0K
$570.0K
Free Cash FlowOCF − Capex
$-166.0K
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
MRAM
MRAM
Q1 26
$570.0K
Q4 25
$278.0K
$2.6M
Q3 25
$1.5M
$881.0K
Q2 25
$3.0M
$5.0M
Q1 25
$-982.0K
$1.4M
Q4 24
$-579.0K
$3.8M
Q3 24
$342.0K
$2.8M
Q2 24
$3.2M
$1.7M
Free Cash Flow
AWX
AWX
MRAM
MRAM
Q1 26
Q4 25
$-166.0K
$-975.0K
Q3 25
$852.0K
$543.0K
Q2 25
$2.7M
$3.0M
Q1 25
$-1.4M
$527.0K
Q4 24
$-1.1M
$2.1M
Q3 24
$-660.0K
$2.8M
Q2 24
$2.9M
$1.7M
FCF Margin
AWX
AWX
MRAM
MRAM
Q1 26
Q4 25
-0.8%
-6.6%
Q3 25
3.3%
3.9%
Q2 25
13.5%
22.9%
Q1 25
-8.5%
4.0%
Q4 24
-6.4%
15.8%
Q3 24
-2.7%
22.9%
Q2 24
12.4%
15.9%
Capex Intensity
AWX
AWX
MRAM
MRAM
Q1 26
Q4 25
2.1%
24.3%
Q3 25
2.3%
2.4%
Q2 25
1.4%
15.1%
Q1 25
2.4%
6.9%
Q4 24
3.1%
13.2%
Q3 24
4.1%
0.5%
Q2 24
1.5%
0.3%
Cash Conversion
AWX
AWX
MRAM
MRAM
Q1 26
Q4 25
2.19×
Q3 25
0.76×
16.31×
Q2 25
11.07×
Q1 25
Q4 24
3.16×
Q3 24
0.19×
1.25×
Q2 24
3.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AWX
AWX

Segment breakdown not available.

MRAM
MRAM

Product sales$14.1M95%
Licensing, royalty, patent, engineering services and other revenue$772.0K5%

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