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

Orion Properties Inc. is the larger business by last-quarter revenue ($36.3M vs $21.5M, roughly 1.7× AVALON HOLDINGS CORP). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -37.4%, a 35.7% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -4.6%). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -4.9%).

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.

AWX vs ONL — Head-to-Head

Bigger by revenue
ONL
ONL
1.7× larger
ONL
$36.3M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+26.3% gap
AWX
21.7%
-4.6%
ONL
Higher net margin
AWX
AWX
35.7% more per $
AWX
-1.7%
-37.4%
ONL
Faster 2-yr revenue CAGR
AWX
AWX
Annualised
AWX
6.7%
-4.9%
ONL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AWX
AWX
ONL
ONL
Revenue
$21.5M
$36.3M
Net Profit
$-356.0K
$-13.6M
Gross Margin
17.1%
Operating Margin
0.4%
-9.3%
Net Margin
-1.7%
-37.4%
Revenue YoY
21.7%
-4.6%
Net Profit YoY
28.4%
-45.0%
EPS (diluted)
$-0.24

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
ONL
ONL
Q1 26
$36.3M
Q4 25
$21.5M
$35.2M
Q3 25
$25.7M
$37.1M
Q2 25
$20.3M
$37.3M
Q1 25
$16.1M
$38.0M
Q4 24
$17.6M
$38.4M
Q3 24
$24.2M
$39.2M
Q2 24
$23.1M
$40.1M
Net Profit
AWX
AWX
ONL
ONL
Q1 26
$-13.6M
Q4 25
$-356.0K
$-35.8M
Q3 25
$1.9M
$-69.0M
Q2 25
$274.0K
$-25.1M
Q1 25
$-1.5M
$-9.4M
Q4 24
$-497.0K
$-32.8M
Q3 24
$1.8M
$-10.2M
Q2 24
$954.0K
$-33.8M
Gross Margin
AWX
AWX
ONL
ONL
Q1 26
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%
Operating Margin
AWX
AWX
ONL
ONL
Q1 26
-9.3%
Q4 25
0.4%
-101.5%
Q3 25
9.1%
-185.8%
Q2 25
3.7%
-67.1%
Q1 25
-7.2%
-24.4%
Q4 24
-0.8%
-85.4%
Q3 24
9.4%
-25.9%
Q2 24
6.3%
-84.1%
Net Margin
AWX
AWX
ONL
ONL
Q1 26
-37.4%
Q4 25
-1.7%
-101.7%
Q3 25
7.4%
-186.0%
Q2 25
1.4%
-67.3%
Q1 25
-9.3%
-24.6%
Q4 24
-2.8%
-85.4%
Q3 24
7.6%
-26.1%
Q2 24
4.1%
-84.2%
EPS (diluted)
AWX
AWX
ONL
ONL
Q1 26
$-0.24
Q4 25
$-0.63
Q3 25
$-1.23
Q2 25
$-0.45
Q1 25
$-0.17
Q4 24
$-0.59
Q3 24
$-0.18
Q2 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
ONL
ONL
Cash + ST InvestmentsLiquidity on hand
$4.1M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$608.5M
Total Assets
$87.4M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
ONL
ONL
Q1 26
$10.3M
Q4 25
$4.1M
$22.4M
Q3 25
$4.6M
$32.6M
Q2 25
$3.7M
$17.4M
Q1 25
$1.3M
$9.4M
Q4 24
$2.8M
$15.6M
Q3 24
$3.9M
$16.6M
Q2 24
$3.8M
$24.2M
Total Debt
AWX
AWX
ONL
ONL
Q1 26
Q4 25
$465.0M
Q3 25
$483.0M
Q2 25
$483.0M
Q1 25
$505.0M
Q4 24
$492.0M
Q3 24
$485.0M
Q2 24
$462.0M
Stockholders' Equity
AWX
AWX
ONL
ONL
Q1 26
$608.5M
Q4 25
$38.4M
$623.2M
Q3 25
$38.7M
$658.8M
Q2 25
$36.8M
$728.0M
Q1 25
$36.5M
$753.5M
Q4 24
$38.0M
$763.9M
Q3 24
$38.5M
$800.9M
Q2 24
$36.7M
$816.1M
Total Assets
AWX
AWX
ONL
ONL
Q1 26
$1.2B
Q4 25
$87.4M
$1.2B
Q3 25
$90.7M
$1.2B
Q2 25
$88.1M
$1.3B
Q1 25
$87.6M
$1.3B
Q4 24
$86.2M
$1.3B
Q3 24
$89.1M
$1.4B
Q2 24
$91.7M
$1.3B
Debt / Equity
AWX
AWX
ONL
ONL
Q1 26
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.66×
Q1 25
0.67×
Q4 24
0.64×
Q3 24
0.61×
Q2 24
0.57×

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
ONL
ONL
Operating Cash FlowLast quarter
$278.0K
Free Cash FlowOCF − Capex
$-166.0K
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
2.1%
51.4%
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
ONL
ONL
Q1 26
Q4 25
$278.0K
$23.6M
Q3 25
$1.5M
$5.7M
Q2 25
$3.0M
$11.6M
Q1 25
$-982.0K
$-2.2M
Q4 24
$-579.0K
$54.3M
Q3 24
$342.0K
$13.8M
Q2 24
$3.2M
$17.0M
Free Cash Flow
AWX
AWX
ONL
ONL
Q1 26
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
FCF Margin
AWX
AWX
ONL
ONL
Q1 26
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%
Capex Intensity
AWX
AWX
ONL
ONL
Q1 26
51.4%
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%
Cash Conversion
AWX
AWX
ONL
ONL
Q1 26
Q4 25
Q3 25
0.76×
Q2 25
11.07×
Q1 25
Q4 24
Q3 24
0.19×
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.

ONL
ONL

Rental$36.1M100%
Fee income from unconsolidated joint venture$137.0K0%

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