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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $21.5M, roughly 1.6× AVALON HOLDINGS CORP). Spok Holdings, Inc runs the higher net margin — 8.7% vs -1.7%, a 10.3% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-166.0K). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
AWX vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $33.9M |
| Net Profit | $-356.0K | $2.9M |
| Gross Margin | 17.1% | 76.7% |
| Operating Margin | 0.4% | 11.6% |
| Net Margin | -1.7% | 8.7% |
| Revenue YoY | 21.7% | -0.1% |
| Net Profit YoY | 28.4% | -19.6% |
| EPS (diluted) | — | $0.13 |
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.
| Q4 25 | $21.5M | $33.9M | ||
| Q3 25 | $25.7M | $33.9M | ||
| Q2 25 | $20.3M | $35.7M | ||
| Q1 25 | $16.1M | $36.3M | ||
| Q4 24 | $17.6M | $33.9M | ||
| Q3 24 | $24.2M | $34.9M | ||
| Q2 24 | $23.1M | $34.0M | ||
| Q1 24 | $18.9M | $34.9M |
| Q4 25 | $-356.0K | $2.9M | ||
| Q3 25 | $1.9M | $3.2M | ||
| Q2 25 | $274.0K | $4.6M | ||
| Q1 25 | $-1.5M | $5.2M | ||
| Q4 24 | $-497.0K | $3.6M | ||
| Q3 24 | $1.8M | $3.7M | ||
| Q2 24 | $954.0K | $3.4M | ||
| Q1 24 | $-979.0K | $4.2M |
| Q4 25 | 17.1% | 76.7% | ||
| Q3 25 | 23.7% | 78.3% | ||
| Q2 25 | 20.6% | 79.5% | ||
| Q1 25 | 14.8% | 80.1% | ||
| Q4 24 | 17.5% | 78.5% | ||
| Q3 24 | 24.6% | 79.5% | ||
| Q2 24 | 22.1% | 78.9% | ||
| Q1 24 | 16.2% | 79.5% |
| Q4 25 | 0.4% | 11.6% | ||
| Q3 25 | 9.1% | 12.9% | ||
| Q2 25 | 3.7% | 15.1% | ||
| Q1 25 | -7.2% | 16.6% | ||
| Q4 24 | -0.8% | 13.7% | ||
| Q3 24 | 9.4% | 14.2% | ||
| Q2 24 | 6.3% | 13.2% | ||
| Q1 24 | -2.7% | 14.0% |
| Q4 25 | -1.7% | 8.7% | ||
| Q3 25 | 7.4% | 9.5% | ||
| Q2 25 | 1.4% | 12.8% | ||
| Q1 25 | -9.3% | 14.3% | ||
| Q4 24 | -2.8% | 10.8% | ||
| Q3 24 | 7.6% | 10.5% | ||
| Q2 24 | 4.1% | 10.1% | ||
| Q1 24 | -5.2% | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.1M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $38.4M | $146.4M |
| Total Assets | $87.4M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $25.3M | ||
| Q3 25 | $4.6M | $21.4M | ||
| Q2 25 | $3.7M | $20.2M | ||
| Q1 25 | $1.3M | $19.9M | ||
| Q4 24 | $2.8M | $29.1M | ||
| Q3 24 | $3.9M | $27.8M | ||
| Q2 24 | $3.8M | $23.9M | ||
| Q1 24 | $1.2M | $23.3M |
| Q4 25 | $38.4M | $146.4M | ||
| Q3 25 | $38.7M | $148.7M | ||
| Q2 25 | $36.8M | $150.9M | ||
| Q1 25 | $36.5M | $151.7M | ||
| Q4 24 | $38.0M | $154.7M | ||
| Q3 24 | $38.5M | $156.3M | ||
| Q2 24 | $36.7M | $158.2M | ||
| Q1 24 | $35.7M | $160.2M |
| Q4 25 | $87.4M | $206.1M | ||
| Q3 25 | $90.7M | $209.7M | ||
| Q2 25 | $88.1M | $208.7M | ||
| Q1 25 | $87.6M | $204.5M | ||
| Q4 24 | $86.2M | $217.1M | ||
| Q3 24 | $89.1M | $216.8M | ||
| Q2 24 | $91.7M | $216.4M | ||
| Q1 24 | $90.6M | $215.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $278.0K | $11.5M |
| Free Cash FlowOCF − Capex | $-166.0K | $10.1M |
| FCF MarginFCF / Revenue | -0.8% | 29.9% |
| Capex IntensityCapex / Revenue | 2.1% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.0K | $11.5M | ||
| Q3 25 | $1.5M | $8.1M | ||
| Q2 25 | $3.0M | $7.0M | ||
| Q1 25 | $-982.0K | $2.3M | ||
| Q4 24 | $-579.0K | $8.4M | ||
| Q3 24 | $342.0K | $11.1M | ||
| Q2 24 | $3.2M | $7.4M | ||
| Q1 24 | $411.0K | $2.0M |
| Q4 25 | $-166.0K | $10.1M | ||
| Q3 25 | $852.0K | $7.6M | ||
| Q2 25 | $2.7M | $6.0M | ||
| Q1 25 | $-1.4M | $1.5M | ||
| Q4 24 | $-1.1M | $7.5M | ||
| Q3 24 | $-660.0K | $10.3M | ||
| Q2 24 | $2.9M | $6.8M | ||
| Q1 24 | $56.0K | $1.1M |
| Q4 25 | -0.8% | 29.9% | ||
| Q3 25 | 3.3% | 22.4% | ||
| Q2 25 | 13.5% | 16.8% | ||
| Q1 25 | -8.5% | 4.2% | ||
| Q4 24 | -6.4% | 22.3% | ||
| Q3 24 | -2.7% | 29.4% | ||
| Q2 24 | 12.4% | 20.0% | ||
| Q1 24 | 0.3% | 3.2% |
| Q4 25 | 2.1% | 4.1% | ||
| Q3 25 | 2.3% | 1.6% | ||
| Q2 25 | 1.4% | 2.9% | ||
| Q1 25 | 2.4% | 2.1% | ||
| Q4 24 | 3.1% | 2.5% | ||
| Q3 24 | 4.1% | 2.4% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 1.9% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | 0.76× | 2.54× | ||
| Q2 25 | 11.07× | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 0.19× | 3.03× | ||
| Q2 24 | 3.35× | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWX
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
