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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $13.2M, roughly 1.6× TriSalus Life Sciences, Inc.). AVALON HOLDINGS CORP runs the higher net margin — -1.7% vs -73.9%, a 72.2% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 21.7%). AVALON HOLDINGS CORP produced more free cash flow last quarter ($-166.0K vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 6.7%).
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.
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
AWX vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $13.2M |
| Net Profit | $-356.0K | $-9.8M |
| Gross Margin | 17.1% | 86.7% |
| Operating Margin | 0.4% | -24.8% |
| Net Margin | -1.7% | -73.9% |
| Revenue YoY | 21.7% | 59.8% |
| Net Profit YoY | 28.4% | 3.5% |
| EPS (diluted) | — | $-0.22 |
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 | $13.2M | ||
| Q3 25 | $25.7M | $11.6M | ||
| Q2 25 | $20.3M | $11.2M | ||
| Q1 25 | $16.1M | $9.2M | ||
| Q4 24 | $17.6M | $8.3M | ||
| Q3 24 | $24.2M | $7.3M | ||
| Q2 24 | $23.1M | $7.4M | ||
| Q1 24 | $18.9M | $6.5M |
| Q4 25 | $-356.0K | $-9.8M | ||
| Q3 25 | $1.9M | $-10.8M | ||
| Q2 25 | $274.0K | $-8.3M | ||
| Q1 25 | $-1.5M | $-10.4M | ||
| Q4 24 | $-497.0K | $-10.1M | ||
| Q3 24 | $1.8M | $-2.4M | ||
| Q2 24 | $954.0K | $-4.3M | ||
| Q1 24 | $-979.0K | $-13.2M |
| Q4 25 | 17.1% | 86.7% | ||
| Q3 25 | 23.7% | 83.5% | ||
| Q2 25 | 20.6% | 83.9% | ||
| Q1 25 | 14.8% | 83.7% | ||
| Q4 24 | 17.5% | 85.3% | ||
| Q3 24 | 24.6% | 86.3% | ||
| Q2 24 | 22.1% | 87.6% | ||
| Q1 24 | 16.2% | 85.0% |
| Q4 25 | 0.4% | -24.8% | ||
| Q3 25 | 9.1% | -77.9% | ||
| Q2 25 | 3.7% | -65.4% | ||
| Q1 25 | -7.2% | -79.9% | ||
| Q4 24 | -0.8% | -91.8% | ||
| Q3 24 | 9.4% | -118.9% | ||
| Q2 24 | 6.3% | -111.0% | ||
| Q1 24 | -2.7% | -180.8% |
| Q4 25 | -1.7% | -73.9% | ||
| Q3 25 | 7.4% | -93.5% | ||
| Q2 25 | 1.4% | -73.9% | ||
| Q1 25 | -9.3% | -113.2% | ||
| Q4 24 | -2.8% | -122.4% | ||
| Q3 24 | 7.6% | -32.6% | ||
| Q2 24 | 4.1% | -58.8% | ||
| Q1 24 | -5.2% | -204.5% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | — | $-0.27 | ||
| Q1 25 | — | $-0.39 | ||
| Q4 24 | — | $-0.38 | ||
| Q3 24 | — | $-0.12 | ||
| Q2 24 | — | $-0.21 | ||
| Q1 24 | — | $-0.60 |
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 | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $38.4M | $-33.9M |
| Total Assets | $87.4M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $20.4M | ||
| Q3 25 | $4.6M | $22.7M | ||
| Q2 25 | $3.7M | $26.5M | ||
| Q1 25 | $1.3M | $13.0M | ||
| Q4 24 | $2.8M | $8.5M | ||
| Q3 24 | $3.9M | $11.3M | ||
| Q2 24 | $3.8M | $16.5M | ||
| Q1 24 | $1.2M | $4.0M |
| Q4 25 | $38.4M | $-33.9M | ||
| Q3 25 | $38.7M | $-26.7M | ||
| Q2 25 | $36.8M | $-19.4M | ||
| Q1 25 | $36.5M | $-34.4M | ||
| Q4 24 | $38.0M | $-25.9M | ||
| Q3 24 | $38.5M | $-20.4M | ||
| Q2 24 | $36.7M | $-25.3M | ||
| Q1 24 | $35.7M | $-36.0M |
| Q4 25 | $87.4M | $35.3M | ||
| Q3 25 | $90.7M | $36.5M | ||
| Q2 25 | $88.1M | $41.3M | ||
| Q1 25 | $87.6M | $28.6M | ||
| Q4 24 | $86.2M | $24.0M | ||
| Q3 24 | $89.1M | $27.5M | ||
| Q2 24 | $91.7M | $32.4M | ||
| Q1 24 | $90.6M | $17.9M |
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 | $-2.5M |
| Free Cash FlowOCF − Capex | $-166.0K | $-2.5M |
| FCF MarginFCF / Revenue | -0.8% | -19.1% |
| Capex IntensityCapex / Revenue | 2.1% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.0K | $-2.5M | ||
| Q3 25 | $1.5M | $-3.7M | ||
| Q2 25 | $3.0M | $-7.3M | ||
| Q1 25 | $-982.0K | $-4.5M | ||
| Q4 24 | $-579.0K | $-5.7M | ||
| Q3 24 | $342.0K | $-10.8M | ||
| Q2 24 | $3.2M | $-13.4M | ||
| Q1 24 | $411.0K | $-10.9M |
| Q4 25 | $-166.0K | $-2.5M | ||
| Q3 25 | $852.0K | $-3.9M | ||
| Q2 25 | $2.7M | $-7.4M | ||
| Q1 25 | $-1.4M | $-5.3M | ||
| Q4 24 | $-1.1M | $-5.8M | ||
| Q3 24 | $-660.0K | $-11.0M | ||
| Q2 24 | $2.9M | $-13.5M | ||
| Q1 24 | $56.0K | $-10.9M |
| Q4 25 | -0.8% | -19.1% | ||
| Q3 25 | 3.3% | -33.9% | ||
| Q2 25 | 13.5% | -66.1% | ||
| Q1 25 | -8.5% | -57.3% | ||
| Q4 24 | -6.4% | -69.7% | ||
| Q3 24 | -2.7% | -149.9% | ||
| Q2 24 | 12.4% | -183.1% | ||
| Q1 24 | 0.3% | -169.3% |
| Q4 25 | 2.1% | 0.3% | ||
| Q3 25 | 2.3% | 1.9% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 2.4% | 8.2% | ||
| Q4 24 | 3.1% | 0.6% | ||
| Q3 24 | 4.1% | 2.3% | ||
| Q2 24 | 1.5% | 0.8% | ||
| Q1 24 | 1.9% | 1.0% |
| 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.
