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

MANNATECH INC is the larger business by last-quarter revenue ($29.2M vs $21.5M, roughly 1.4× AVALON HOLDINGS CORP). MANNATECH INC runs the higher net margin — 6.6% vs -1.7%, a 8.3% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -8.1%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-2.0M). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -5.4%).

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.

Mannatech Inc. is a publicly traded, multinational multi-level marketing firm that sells dietary supplements and personal care products. It was founded in November 1993 by Samuel Caster, and is headquartered in Flower Mound, Texas. The company's stock is traded on the NASDAQ exchange under the symbol MTEX. As of 2017, Mannatech employed 252 people and sold its products through some 220,000 independent sales associates.

AWX vs MTEX — Head-to-Head

Bigger by revenue
MTEX
MTEX
1.4× larger
MTEX
$29.2M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+29.8% gap
AWX
21.7%
-8.1%
MTEX
Higher net margin
MTEX
MTEX
8.3% more per $
MTEX
6.6%
-1.7%
AWX
More free cash flow
AWX
AWX
$1.8M more FCF
AWX
$-166.0K
$-2.0M
MTEX
Faster 2-yr revenue CAGR
AWX
AWX
Annualised
AWX
6.7%
-5.4%
MTEX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AWX
AWX
MTEX
MTEX
Revenue
$21.5M
$29.2M
Net Profit
$-356.0K
$1.9M
Gross Margin
17.1%
76.4%
Operating Margin
0.4%
6.9%
Net Margin
-1.7%
6.6%
Revenue YoY
21.7%
-8.1%
Net Profit YoY
28.4%
686.6%
EPS (diluted)
$1.01

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
MTEX
MTEX
Q4 25
$21.5M
Q3 25
$25.7M
$29.2M
Q2 25
$20.3M
Q1 25
$16.1M
$26.6M
Q4 24
$17.6M
$29.0M
Q3 24
$24.2M
$31.7M
Q2 24
$23.1M
$27.7M
Q1 24
$18.9M
$29.4M
Net Profit
AWX
AWX
MTEX
MTEX
Q4 25
$-356.0K
Q3 25
$1.9M
$1.9M
Q2 25
$274.0K
Q1 25
$-1.5M
$-1.5M
Q4 24
$-497.0K
$2.3M
Q3 24
$1.8M
$-328.0K
Q2 24
$954.0K
$-624.0K
Q1 24
$-979.0K
$1.2M
Gross Margin
AWX
AWX
MTEX
MTEX
Q4 25
17.1%
Q3 25
23.7%
76.4%
Q2 25
20.6%
Q1 25
14.8%
74.3%
Q4 24
17.5%
80.6%
Q3 24
24.6%
74.5%
Q2 24
22.1%
77.1%
Q1 24
16.2%
78.6%
Operating Margin
AWX
AWX
MTEX
MTEX
Q4 25
0.4%
Q3 25
9.1%
6.9%
Q2 25
3.7%
Q1 25
-7.2%
-3.1%
Q4 24
-0.8%
3.0%
Q3 24
9.4%
2.8%
Q2 24
6.3%
-4.1%
Q1 24
-2.7%
2.8%
Net Margin
AWX
AWX
MTEX
MTEX
Q4 25
-1.7%
Q3 25
7.4%
6.6%
Q2 25
1.4%
Q1 25
-9.3%
-5.8%
Q4 24
-2.8%
7.8%
Q3 24
7.6%
-1.0%
Q2 24
4.1%
-2.2%
Q1 24
-5.2%
4.0%
EPS (diluted)
AWX
AWX
MTEX
MTEX
Q4 25
Q3 25
$1.01
Q2 25
Q1 25
$-0.80
Q4 24
$1.19
Q3 24
$-0.17
Q2 24
$-0.33
Q1 24
$0.63

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
MTEX
MTEX
Cash + ST InvestmentsLiquidity on hand
$4.1M
$7.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$38.4M
$7.0M
Total Assets
$87.4M
$33.9M
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
MTEX
MTEX
Q4 25
$4.1M
Q3 25
$4.6M
$7.1M
Q2 25
$3.7M
Q1 25
$1.3M
$9.3M
Q4 24
$2.8M
$11.4M
Q3 24
$3.9M
$12.2M
Q2 24
$3.8M
$9.2M
Q1 24
$1.2M
$7.9M
Total Debt
AWX
AWX
MTEX
MTEX
Q4 25
Q3 25
$2.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWX
AWX
MTEX
MTEX
Q4 25
$38.4M
Q3 25
$38.7M
$7.0M
Q2 25
$36.8M
Q1 25
$36.5M
$7.6M
Q4 24
$38.0M
$8.6M
Q3 24
$38.5M
$10.0M
Q2 24
$36.7M
$8.2M
Q1 24
$35.7M
$10.4M
Total Assets
AWX
AWX
MTEX
MTEX
Q4 25
$87.4M
Q3 25
$90.7M
$33.9M
Q2 25
$88.1M
Q1 25
$87.6M
$36.7M
Q4 24
$86.2M
$36.1M
Q3 24
$89.1M
$40.6M
Q2 24
$91.7M
$39.9M
Q1 24
$90.6M
$41.1M
Debt / Equity
AWX
AWX
MTEX
MTEX
Q4 25
Q3 25
0.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
MTEX
MTEX
Operating Cash FlowLast quarter
$278.0K
$-1.3M
Free Cash FlowOCF − Capex
$-166.0K
$-2.0M
FCF MarginFCF / Revenue
-0.8%
-6.8%
Capex IntensityCapex / Revenue
2.1%
2.4%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
MTEX
MTEX
Q4 25
$278.0K
Q3 25
$1.5M
$-1.3M
Q2 25
$3.0M
Q1 25
$-982.0K
$-1.4M
Q4 24
$-579.0K
$-219.0K
Q3 24
$342.0K
$3.3M
Q2 24
$3.2M
$-2.7M
Q1 24
$411.0K
$1.9M
Free Cash Flow
AWX
AWX
MTEX
MTEX
Q4 25
$-166.0K
Q3 25
$852.0K
$-2.0M
Q2 25
$2.7M
Q1 25
$-1.4M
$-1.9M
Q4 24
$-1.1M
$-325.0K
Q3 24
$-660.0K
$3.0M
Q2 24
$2.9M
$-2.7M
Q1 24
$56.0K
$1.8M
FCF Margin
AWX
AWX
MTEX
MTEX
Q4 25
-0.8%
Q3 25
3.3%
-6.8%
Q2 25
13.5%
Q1 25
-8.5%
-7.0%
Q4 24
-6.4%
-1.1%
Q3 24
-2.7%
9.5%
Q2 24
12.4%
-9.9%
Q1 24
0.3%
6.2%
Capex Intensity
AWX
AWX
MTEX
MTEX
Q4 25
2.1%
Q3 25
2.3%
2.4%
Q2 25
1.4%
Q1 25
2.4%
1.8%
Q4 24
3.1%
0.4%
Q3 24
4.1%
0.8%
Q2 24
1.5%
0.3%
Q1 24
1.9%
0.2%
Cash Conversion
AWX
AWX
MTEX
MTEX
Q4 25
Q3 25
0.76×
-0.68×
Q2 25
11.07×
Q1 25
Q4 24
-0.10×
Q3 24
0.19×
Q2 24
3.35×
Q1 24
1.59×

Financial Flow Comparison

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

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