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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and TEJON RANCH CO (TRC). Click either name above to swap in a different company.

AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $21.1M, roughly 1.0× TEJON RANCH CO). TEJON RANCH CO runs the higher net margin — 7.5% vs -1.7%, a 9.1% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 17.7%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% 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.

Tejon Ranch Company, based in Lebec, California, is one of the largest private landowners in California. The company was incorporated in 1936 to organize the ownership of a large tract of land that was consolidated from four Mexican land grants acquired in the 1850s and 1860s by ranch founder Edward Fitzgerald Beale.

AWX vs TRC — Head-to-Head

Bigger by revenue
AWX
AWX
1.0× larger
AWX
$21.5M
$21.1M
TRC
Growing faster (revenue YoY)
AWX
AWX
+4.0% gap
AWX
21.7%
17.7%
TRC
Higher net margin
TRC
TRC
9.1% more per $
TRC
7.5%
-1.7%
AWX
Faster 2-yr revenue CAGR
TRC
TRC
Annualised
TRC
68.8%
6.7%
AWX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWX
AWX
TRC
TRC
Revenue
$21.5M
$21.1M
Net Profit
$-356.0K
$1.6M
Gross Margin
17.1%
30.6%
Operating Margin
0.4%
10.9%
Net Margin
-1.7%
7.5%
Revenue YoY
21.7%
17.7%
Net Profit YoY
28.4%
-64.7%
EPS (diluted)
$0.05

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
TRC
TRC
Q4 25
$21.5M
$21.1M
Q3 25
$25.7M
$12.0M
Q2 25
$20.3M
$8.3M
Q1 25
$16.1M
$8.2M
Q4 24
$17.6M
$17.9M
Q3 24
$24.2M
$10.9M
Q2 24
$23.1M
$5.7M
Q1 24
$18.9M
$7.4M
Net Profit
AWX
AWX
TRC
TRC
Q4 25
$-356.0K
$1.6M
Q3 25
$1.9M
$1.7M
Q2 25
$274.0K
$-1.7M
Q1 25
$-1.5M
$-1.5M
Q4 24
$-497.0K
$4.5M
Q3 24
$1.8M
$-1.8M
Q2 24
$954.0K
$957.0K
Q1 24
$-979.0K
$-914.0K
Gross Margin
AWX
AWX
TRC
TRC
Q4 25
17.1%
30.6%
Q3 25
23.7%
28.4%
Q2 25
20.6%
40.9%
Q1 25
14.8%
15.0%
Q4 24
17.5%
42.9%
Q3 24
24.6%
22.9%
Q2 24
22.1%
45.3%
Q1 24
16.2%
0.3%
Operating Margin
AWX
AWX
TRC
TRC
Q4 25
0.4%
10.9%
Q3 25
9.1%
-16.9%
Q2 25
3.7%
-48.8%
Q1 25
-7.2%
-50.7%
Q4 24
-0.8%
11.9%
Q3 24
9.4%
-34.9%
Q2 24
6.3%
-62.4%
Q1 24
-2.7%
-53.8%
Net Margin
AWX
AWX
TRC
TRC
Q4 25
-1.7%
7.5%
Q3 25
7.4%
14.0%
Q2 25
1.4%
-20.6%
Q1 25
-9.3%
-17.8%
Q4 24
-2.8%
25.0%
Q3 24
7.6%
-16.9%
Q2 24
4.1%
16.8%
Q1 24
-5.2%
-12.3%
EPS (diluted)
AWX
AWX
TRC
TRC
Q4 25
$0.05
Q3 25
$0.06
Q2 25
$-0.06
Q1 25
$-0.05
Q4 24
$0.16
Q3 24
$-0.07
Q2 24
$0.04
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$4.1M
$9.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$475.2M
Total Assets
$87.4M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
TRC
TRC
Q4 25
$4.1M
$9.5M
Q3 25
$4.6M
$3.6M
Q2 25
$3.7M
$2.5M
Q1 25
$1.3M
$12.3M
Q4 24
$2.8M
$39.3M
Q3 24
$3.9M
$27.4M
Q2 24
$3.8M
$33.0M
Q1 24
$1.2M
$35.6M
Stockholders' Equity
AWX
AWX
TRC
TRC
Q4 25
$38.4M
$475.2M
Q3 25
$38.7M
$473.2M
Q2 25
$36.8M
$471.5M
Q1 25
$36.5M
$472.5M
Q4 24
$38.0M
$473.6M
Q3 24
$38.5M
$468.3M
Q2 24
$36.7M
$469.2M
Q1 24
$35.7M
$467.4M
Total Assets
AWX
AWX
TRC
TRC
Q4 25
$87.4M
$630.5M
Q3 25
$90.7M
$629.6M
Q2 25
$88.1M
$618.5M
Q1 25
$87.6M
$614.6M
Q4 24
$86.2M
$608.0M
Q3 24
$89.1M
$598.0M
Q2 24
$91.7M
$590.8M
Q1 24
$90.6M
$581.6M

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
TRC
TRC
Operating Cash FlowLast quarter
$278.0K
$6.1M
Free Cash FlowOCF − Capex
$-166.0K
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
3.88×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
TRC
TRC
Q4 25
$278.0K
$6.1M
Q3 25
$1.5M
$-2.4M
Q2 25
$3.0M
$-381.0K
Q1 25
$-982.0K
$-1.3M
Q4 24
$-579.0K
$14.3M
Q3 24
$342.0K
$2.1M
Q2 24
$3.2M
$-1.8M
Q1 24
$411.0K
$777.0K
Free Cash Flow
AWX
AWX
TRC
TRC
Q4 25
$-166.0K
Q3 25
$852.0K
$-14.6M
Q2 25
$2.7M
$-20.0M
Q1 25
$-1.4M
$-18.9M
Q4 24
$-1.1M
$-42.9M
Q3 24
$-660.0K
$-16.8M
Q2 24
$2.9M
$-15.8M
Q1 24
$56.0K
$-7.3M
FCF Margin
AWX
AWX
TRC
TRC
Q4 25
-0.8%
Q3 25
3.3%
-122.2%
Q2 25
13.5%
-240.6%
Q1 25
-8.5%
-230.1%
Q4 24
-6.4%
-239.3%
Q3 24
-2.7%
-155.2%
Q2 24
12.4%
-277.2%
Q1 24
0.3%
-99.0%
Capex Intensity
AWX
AWX
TRC
TRC
Q4 25
2.1%
Q3 25
2.3%
102.3%
Q2 25
1.4%
236.0%
Q1 25
2.4%
213.7%
Q4 24
3.1%
319.1%
Q3 24
4.1%
174.3%
Q2 24
1.5%
245.5%
Q1 24
1.9%
109.5%
Cash Conversion
AWX
AWX
TRC
TRC
Q4 25
3.88×
Q3 25
0.76×
-1.43×
Q2 25
11.07×
Q1 25
Q4 24
3.19×
Q3 24
0.19×
Q2 24
3.35×
-1.88×
Q1 24

Financial Flow Comparison

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

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