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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and ON24 INC. (ONTF). Click either name above to swap in a different company.

ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $21.5M, roughly 1.6× AVALON HOLDINGS CORP). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -18.8%, a 17.1% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -5.6%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-2.2M). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -4.2%).

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.

ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.

AWX vs ONTF — Head-to-Head

Bigger by revenue
ONTF
ONTF
1.6× larger
ONTF
$34.6M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+27.3% gap
AWX
21.7%
-5.6%
ONTF
Higher net margin
AWX
AWX
17.1% more per $
AWX
-1.7%
-18.8%
ONTF
More free cash flow
AWX
AWX
$2.0M more FCF
AWX
$-166.0K
$-2.2M
ONTF
Faster 2-yr revenue CAGR
AWX
AWX
Annualised
AWX
6.7%
-4.2%
ONTF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
ONTF
ONTF
Revenue
$21.5M
$34.6M
Net Profit
$-356.0K
$-6.5M
Gross Margin
17.1%
74.9%
Operating Margin
0.4%
-23.5%
Net Margin
-1.7%
-18.8%
Revenue YoY
21.7%
-5.6%
Net Profit YoY
28.4%
26.8%
EPS (diluted)
$-0.15

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
ONTF
ONTF
Q4 25
$21.5M
$34.6M
Q3 25
$25.7M
$34.6M
Q2 25
$20.3M
$35.3M
Q1 25
$16.1M
$34.7M
Q4 24
$17.6M
$36.7M
Q3 24
$24.2M
$36.3M
Q2 24
$23.1M
$37.3M
Q1 24
$18.9M
$37.7M
Net Profit
AWX
AWX
ONTF
ONTF
Q4 25
$-356.0K
$-6.5M
Q3 25
$1.9M
$-6.4M
Q2 25
$274.0K
$-7.3M
Q1 25
$-1.5M
$-8.7M
Q4 24
$-497.0K
$-8.9M
Q3 24
$1.8M
$-11.4M
Q2 24
$954.0K
$-11.2M
Q1 24
$-979.0K
$-10.7M
Gross Margin
AWX
AWX
ONTF
ONTF
Q4 25
17.1%
74.9%
Q3 25
23.7%
74.7%
Q2 25
20.6%
75.1%
Q1 25
14.8%
73.8%
Q4 24
17.5%
74.5%
Q3 24
24.6%
74.3%
Q2 24
22.1%
74.5%
Q1 24
16.2%
74.1%
Operating Margin
AWX
AWX
ONTF
ONTF
Q4 25
0.4%
-23.5%
Q3 25
9.1%
-23.1%
Q2 25
3.7%
-26.0%
Q1 25
-7.2%
-30.1%
Q4 24
-0.8%
-32.1%
Q3 24
9.4%
-36.7%
Q2 24
6.3%
-35.0%
Q1 24
-2.7%
-33.1%
Net Margin
AWX
AWX
ONTF
ONTF
Q4 25
-1.7%
-18.8%
Q3 25
7.4%
-18.4%
Q2 25
1.4%
-20.6%
Q1 25
-9.3%
-25.1%
Q4 24
-2.8%
-24.2%
Q3 24
7.6%
-31.4%
Q2 24
4.1%
-29.9%
Q1 24
-5.2%
-28.4%
EPS (diluted)
AWX
AWX
ONTF
ONTF
Q4 25
$-0.15
Q3 25
$-0.15
Q2 25
$-0.17
Q1 25
$-0.21
Q4 24
$-0.21
Q3 24
$-0.27
Q2 24
$-0.27
Q1 24
$-0.26

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
ONTF
ONTF
Cash + ST InvestmentsLiquidity on hand
$4.1M
$37.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$139.4M
Total Assets
$87.4M
$228.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
ONTF
ONTF
Q4 25
$4.1M
$37.0M
Q3 25
$4.6M
$47.2M
Q2 25
$3.7M
$37.7M
Q1 25
$1.3M
$26.8M
Q4 24
$2.8M
$14.9M
Q3 24
$3.9M
$11.0M
Q2 24
$3.8M
$15.5M
Q1 24
$1.2M
$18.3M
Stockholders' Equity
AWX
AWX
ONTF
ONTF
Q4 25
$38.4M
$139.4M
Q3 25
$38.7M
$144.3M
Q2 25
$36.8M
$150.0M
Q1 25
$36.5M
$153.7M
Q4 24
$38.0M
$159.4M
Q3 24
$38.5M
$164.9M
Q2 24
$36.7M
$170.8M
Q1 24
$35.7M
$174.4M
Total Assets
AWX
AWX
ONTF
ONTF
Q4 25
$87.4M
$228.4M
Q3 25
$90.7M
$224.8M
Q2 25
$88.1M
$235.1M
Q1 25
$87.6M
$245.8M
Q4 24
$86.2M
$251.0M
Q3 24
$89.1M
$250.9M
Q2 24
$91.7M
$259.0M
Q1 24
$90.6M
$269.2M

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
ONTF
ONTF
Operating Cash FlowLast quarter
$278.0K
$-1.1M
Free Cash FlowOCF − Capex
$-166.0K
$-2.2M
FCF MarginFCF / Revenue
-0.8%
-6.4%
Capex IntensityCapex / Revenue
2.1%
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
ONTF
ONTF
Q4 25
$278.0K
$-1.1M
Q3 25
$1.5M
$2.5M
Q2 25
$3.0M
$2.6M
Q1 25
$-982.0K
$3.4M
Q4 24
$-579.0K
$985.0K
Q3 24
$342.0K
$295.0K
Q2 24
$3.2M
$1.4M
Q1 24
$411.0K
$2.1M
Free Cash Flow
AWX
AWX
ONTF
ONTF
Q4 25
$-166.0K
$-2.2M
Q3 25
$852.0K
$2.2M
Q2 25
$2.7M
$2.1M
Q1 25
$-1.4M
$1.9M
Q4 24
$-1.1M
$424.0K
Q3 24
$-660.0K
$143.0K
Q2 24
$2.9M
$898.0K
Q1 24
$56.0K
$1.1M
FCF Margin
AWX
AWX
ONTF
ONTF
Q4 25
-0.8%
-6.4%
Q3 25
3.3%
6.2%
Q2 25
13.5%
5.9%
Q1 25
-8.5%
5.6%
Q4 24
-6.4%
1.2%
Q3 24
-2.7%
0.4%
Q2 24
12.4%
2.4%
Q1 24
0.3%
2.9%
Capex Intensity
AWX
AWX
ONTF
ONTF
Q4 25
2.1%
3.3%
Q3 25
2.3%
1.1%
Q2 25
1.4%
1.4%
Q1 25
2.4%
4.2%
Q4 24
3.1%
1.5%
Q3 24
4.1%
0.4%
Q2 24
1.5%
1.3%
Q1 24
1.9%
2.8%
Cash Conversion
AWX
AWX
ONTF
ONTF
Q4 25
Q3 25
0.76×
Q2 25
11.07×
Q1 25
Q4 24
Q3 24
0.19×
Q2 24
3.35×
Q1 24

Financial Flow Comparison

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

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