vs

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

WESTWOOD HOLDINGS GROUP INC is the larger business by last-quarter revenue ($25.0M vs $21.5M, roughly 1.2× AVALON HOLDINGS CORP). WESTWOOD HOLDINGS GROUP INC runs the higher net margin — 3.1% vs -1.7%, a 4.8% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 7.4%). 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.

Westwood Studios, Inc. was an American video game developer based in Las Vegas, Nevada. It was founded by Brett Sperry and Louis Castle in 1985 as Brelous Software, but got changed after 2 months into Westwood Associates and was renamed to Westwood Studios when Virgin Games bought the company in 1992. The company was bought by Electronic Arts alongside Virgin Interactive's North American operations in 1998. In January 2003, it was announced that Westwood, alongside Westwood Pacific, would be ...

AWX vs WHG — Head-to-Head

Bigger by revenue
WHG
WHG
1.2× larger
WHG
$25.0M
$21.5M
AWX
Growing faster (revenue YoY)
AWX
AWX
+14.4% gap
AWX
21.7%
7.4%
WHG
Higher net margin
WHG
WHG
4.8% more per $
WHG
3.1%
-1.7%
AWX
Faster 2-yr revenue CAGR
AWX
AWX
Annualised
AWX
6.7%
4.9%
WHG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AWX
AWX
WHG
WHG
Revenue
$21.5M
$25.0M
Net Profit
$-356.0K
$782.0K
Gross Margin
17.1%
Operating Margin
0.4%
Net Margin
-1.7%
3.1%
Revenue YoY
21.7%
7.4%
Net Profit YoY
28.4%
EPS (diluted)
$0.09

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
WHG
WHG
Q1 26
$25.0M
Q4 25
$21.5M
$27.1M
Q3 25
$25.7M
$24.3M
Q2 25
$20.3M
$23.1M
Q1 25
$16.1M
$23.3M
Q4 24
$17.6M
$46.5M
Q3 24
$24.2M
$23.7M
Q2 24
$23.1M
$22.7M
Net Profit
AWX
AWX
WHG
WHG
Q1 26
$782.0K
Q4 25
$-356.0K
$1.8M
Q3 25
$1.9M
$3.7M
Q2 25
$274.0K
$1.0M
Q1 25
$-1.5M
$478.0K
Q4 24
$-497.0K
$3.7M
Q3 24
$1.8M
$-1.2M
Q2 24
$954.0K
$-378.0K
Gross Margin
AWX
AWX
WHG
WHG
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
WHG
WHG
Q1 26
Q4 25
0.4%
8.0%
Q3 25
9.1%
8.3%
Q2 25
3.7%
3.8%
Q1 25
-7.2%
-0.3%
Q4 24
-0.8%
10.0%
Q3 24
9.4%
-2.1%
Q2 24
6.3%
-18.4%
Net Margin
AWX
AWX
WHG
WHG
Q1 26
3.1%
Q4 25
-1.7%
6.8%
Q3 25
7.4%
15.4%
Q2 25
1.4%
4.5%
Q1 25
-9.3%
2.1%
Q4 24
-2.8%
14.5%
Q3 24
7.6%
-5.0%
Q2 24
4.1%
-1.7%
EPS (diluted)
AWX
AWX
WHG
WHG
Q1 26
$0.09
Q4 25
$0.21
Q3 25
$0.41
Q2 25
$0.12
Q1 25
$0.05
Q4 24
$0.45
Q3 24
$-0.15
Q2 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
AWX
AWX
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$4.1M
$23.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$38.4M
$126.1M
Total Assets
$87.4M
$150.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWX
AWX
WHG
WHG
Q1 26
$23.4M
Q4 25
$4.1M
$47.7M
Q3 25
$4.6M
$41.3M
Q2 25
$3.7M
$35.2M
Q1 25
$1.3M
$29.1M
Q4 24
$2.8M
$46.5M
Q3 24
$3.9M
$48.3M
Q2 24
$3.8M
$44.1M
Stockholders' Equity
AWX
AWX
WHG
WHG
Q1 26
$126.1M
Q4 25
$38.4M
$125.6M
Q3 25
$38.7M
$123.9M
Q2 25
$36.8M
$122.4M
Q1 25
$36.5M
$121.4M
Q4 24
$38.0M
$120.3M
Q3 24
$38.5M
$120.4M
Q2 24
$36.7M
$120.5M
Total Assets
AWX
AWX
WHG
WHG
Q1 26
$150.4M
Q4 25
$87.4M
$162.3M
Q3 25
$90.7M
$154.0M
Q2 25
$88.1M
$146.3M
Q1 25
$87.6M
$135.0M
Q4 24
$86.2M
$150.0M
Q3 24
$89.1M
$151.5M
Q2 24
$91.7M
$147.4M

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
WHG
WHG
Operating Cash FlowLast quarter
$278.0K
$-2.6M
Free Cash FlowOCF − Capex
$-166.0K
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
-3.28×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWX
AWX
WHG
WHG
Q1 26
$-2.6M
Q4 25
$278.0K
$18.9M
Q3 25
$1.5M
$8.5M
Q2 25
$3.0M
$7.3M
Q1 25
$-982.0K
$-4.9M
Q4 24
$-579.0K
$21.1M
Q3 24
$342.0K
$529.0K
Q2 24
$3.2M
$3.6M
Free Cash Flow
AWX
AWX
WHG
WHG
Q1 26
Q4 25
$-166.0K
$18.8M
Q3 25
$852.0K
$8.5M
Q2 25
$2.7M
Q1 25
$-1.4M
$-4.9M
Q4 24
$-1.1M
$21.0M
Q3 24
$-660.0K
$519.0K
Q2 24
$2.9M
$3.5M
FCF Margin
AWX
AWX
WHG
WHG
Q1 26
Q4 25
-0.8%
69.5%
Q3 25
3.3%
34.8%
Q2 25
13.5%
Q1 25
-8.5%
-21.1%
Q4 24
-6.4%
45.2%
Q3 24
-2.7%
2.2%
Q2 24
12.4%
15.6%
Capex Intensity
AWX
AWX
WHG
WHG
Q1 26
Q4 25
2.1%
0.3%
Q3 25
2.3%
0.3%
Q2 25
1.4%
0.0%
Q1 25
2.4%
0.0%
Q4 24
3.1%
0.2%
Q3 24
4.1%
0.0%
Q2 24
1.5%
0.1%
Cash Conversion
AWX
AWX
WHG
WHG
Q1 26
-3.28×
Q4 25
10.29×
Q3 25
0.76×
2.29×
Q2 25
11.07×
7.08×
Q1 25
-10.25×
Q4 24
5.69×
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.

WHG
WHG

Asset-based$19.3M77%
Trust fees$5.3M21%

Related Comparisons