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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.

AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $11.1M, roughly 1.9× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -1.7%, a 218.3% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -48.8%).

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.

NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.

AWX vs NREF — Head-to-Head

Bigger by revenue
AWX
AWX
1.9× larger
AWX
$21.5M
$11.1M
NREF
Growing faster (revenue YoY)
AWX
AWX
+70.6% gap
AWX
21.7%
-48.8%
NREF
Higher net margin
NREF
NREF
218.3% more per $
NREF
216.6%
-1.7%
AWX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
NREF
NREF
Revenue
$21.5M
$11.1M
Net Profit
$-356.0K
$24.0M
Gross Margin
17.1%
Operating Margin
0.4%
Net Margin
-1.7%
216.6%
Revenue YoY
21.7%
-48.8%
Net Profit YoY
28.4%
58.7%
EPS (diluted)
$0.47

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
NREF
NREF
Q4 25
$21.5M
$11.1M
Q3 25
$25.7M
$12.5M
Q2 25
$20.3M
$12.1M
Q1 25
$16.1M
$11.5M
Q4 24
$17.6M
$21.7M
Q3 24
$24.2M
$12.5M
Q2 24
$23.1M
$6.7M
Q1 24
$18.9M
$-12.8M
Net Profit
AWX
AWX
NREF
NREF
Q4 25
$-356.0K
$24.0M
Q3 25
$1.9M
$50.9M
Q2 25
$274.0K
$22.3M
Q1 25
$-1.5M
$26.0M
Q4 24
$-497.0K
$15.2M
Q3 24
$1.8M
$23.3M
Q2 24
$954.0K
$12.1M
Q1 24
$-979.0K
$-14.6M
Gross Margin
AWX
AWX
NREF
NREF
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
NREF
NREF
Q4 25
0.4%
Q3 25
9.1%
Q2 25
3.7%
Q1 25
-7.2%
Q4 24
-0.8%
Q3 24
9.4%
Q2 24
6.3%
Q1 24
-2.7%
Net Margin
AWX
AWX
NREF
NREF
Q4 25
-1.7%
216.6%
Q3 25
7.4%
407.0%
Q2 25
1.4%
184.5%
Q1 25
-9.3%
225.6%
Q4 24
-2.8%
69.9%
Q3 24
7.6%
186.4%
Q2 24
4.1%
179.7%
Q1 24
-5.2%
114.3%
EPS (diluted)
AWX
AWX
NREF
NREF
Q4 25
$0.47
Q3 25
$1.14
Q2 25
$0.54
Q1 25
$0.70
Q4 24
$0.71
Q3 24
$0.74
Q2 24
$0.40
Q1 24
$-0.83

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$4.1M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$38.4M
$388.0M
Total Assets
$87.4M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
NREF
NREF
Q4 25
$4.1M
$31.1M
Q3 25
$4.6M
$17.9M
Q2 25
$3.7M
$9.1M
Q1 25
$1.3M
$19.2M
Q4 24
$2.8M
$3.9M
Q3 24
$3.9M
$34.7M
Q2 24
$3.8M
$4.3M
Q1 24
$1.2M
$13.5M
Total Debt
AWX
AWX
NREF
NREF
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$815.6M
Q1 25
$831.5M
Q4 24
$799.3M
Q3 24
$815.5M
Q2 24
$861.0M
Q1 24
$843.3M
Stockholders' Equity
AWX
AWX
NREF
NREF
Q4 25
$38.4M
$388.0M
Q3 25
$38.7M
$375.4M
Q2 25
$36.8M
$348.2M
Q1 25
$36.5M
$343.7M
Q4 24
$38.0M
$336.5M
Q3 24
$38.5M
$335.8M
Q2 24
$36.7M
$327.5M
Q1 24
$35.7M
$327.1M
Total Assets
AWX
AWX
NREF
NREF
Q4 25
$87.4M
$5.3B
Q3 25
$90.7M
$5.3B
Q2 25
$88.1M
$5.4B
Q1 25
$87.6M
$5.4B
Q4 24
$86.2M
$5.4B
Q3 24
$89.1M
$5.7B
Q2 24
$91.7M
$6.6B
Q1 24
$90.6M
$7.1B
Debt / Equity
AWX
AWX
NREF
NREF
Q4 25
1.99×
Q3 25
1.92×
Q2 25
2.34×
Q1 25
2.42×
Q4 24
2.38×
Q3 24
2.43×
Q2 24
2.63×
Q1 24
2.58×

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
NREF
NREF
Operating Cash FlowLast quarter
$278.0K
$-4.5M
Free Cash FlowOCF − Capex
$-166.0K
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
NREF
NREF
Q4 25
$278.0K
$-4.5M
Q3 25
$1.5M
$8.1M
Q2 25
$3.0M
$3.3M
Q1 25
$-982.0K
$16.0M
Q4 24
$-579.0K
$4.4M
Q3 24
$342.0K
$14.7M
Q2 24
$3.2M
$-7.5M
Q1 24
$411.0K
$17.7M
Free Cash Flow
AWX
AWX
NREF
NREF
Q4 25
$-166.0K
Q3 25
$852.0K
Q2 25
$2.7M
Q1 25
$-1.4M
Q4 24
$-1.1M
Q3 24
$-660.0K
Q2 24
$2.9M
Q1 24
$56.0K
FCF Margin
AWX
AWX
NREF
NREF
Q4 25
-0.8%
Q3 25
3.3%
Q2 25
13.5%
Q1 25
-8.5%
Q4 24
-6.4%
Q3 24
-2.7%
Q2 24
12.4%
Q1 24
0.3%
Capex Intensity
AWX
AWX
NREF
NREF
Q4 25
2.1%
Q3 25
2.3%
Q2 25
1.4%
Q1 25
2.4%
Q4 24
3.1%
Q3 24
4.1%
Q2 24
1.5%
Q1 24
1.9%
Cash Conversion
AWX
AWX
NREF
NREF
Q4 25
-0.19×
Q3 25
0.76×
0.16×
Q2 25
11.07×
0.15×
Q1 25
0.62×
Q4 24
0.29×
Q3 24
0.19×
0.63×
Q2 24
3.35×
-0.62×
Q1 24

Financial Flow Comparison

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

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