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Avalon (AWX) Financials

Avalon logo
$2.53 -0.05 (-1.94%)
Closing price 07/20/2026 04:00 PM Eastern
Extended Trading
$2.53 0.00 (0.00%)
As of 07/20/2026 07:09 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Avalon

Annual Income Statements for Avalon

This table shows Avalon's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.71 -0.07 -0.31 -1.14 -0.46 0.01 1.97 -0.58 -1.78 1.32 0.32
Consolidated Net Income / (Loss)		 -1.22 -0.41 -0.82 -3.26 -0.54 -0.05 1.65 -0.98 -2.04 0.95 -0.10
Net Income / (Loss) Continuing Operations		 -1.22 -0.41 -0.82 -3.26 -0.54 -0.05 1.65 -0.98 -2.04 0.95 -0.10
Total Pre-Tax Income 		-1.16 -0.28 -0.69 -3.09 -0.38 0.05 1.74 -0.89 -1.99 1.04 -0.02
Total Operating Income		 -1.30 -0.19 -0.27 -2.70 0.13 0.12 0.56 0.35 0.11 3.08 2.03
Total Gross Profit		 8.89 11 11 12 12 12 14 14 14 17 16
Total Revenue		 53 61 56 62 68 59 70 81 81 84 84
Operating Revenue		 53 61 56 62 68 59 70 81 81 84 84
Total Cost of Revenue		 44 51 45 50 56 47 57 67 67 67 67
Operating Cost of Revenue		 44 51 45 50 56 47 57 67 67 67 67
Total Operating Expenses		 10 11 11 15 12 12 13 14 14 14 14
Selling, General & Admin Expense		 7.64 8.20 8.45 9.00 9.43 8.67 9.88 10 10 10 11
Depreciation Expense		 2.56 2.82 3.00 2.88 2.52 2.91 3.11 3.48 3.83 3.91 3.80
Total Other Income / (Expense), net		 0.14 -0.10 -0.42 -0.39 -0.51 -0.07 1.18 -1.23 -2.10 -2.03 -2.04
Interest Expense		 0.15 0.38 0.70 0.68 0.84 0.41 -0.81 1.46 2.10 2.04 2.04
Other Income / (Expense), net		 0.29 0.28 0.28 0.28 0.33 0.34 0.37 0.23 0.00 0.01 0.00
Income Tax Expense		 0.06 0.13 0.12 0.17 0.16 0.10 0.09 0.09 0.06 0.09 0.08
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.51 -0.34 -0.51 -2.11 -0.08 -0.06 -0.32 -0.40 -0.27 -0.37 -0.42
Basic Earnings per Share		 ($0.19) ($0.02) ($0.08) ($0.30) ($0.12) $0.00 $0.51 ($0.15) ($0.46) $0.34 $0.08
Weighted Average Basic Shares Outstanding		 3.80M 3.80M 3.80M 3.81M 3.88M 3.88M 3.90M 3.90M 3.90M 3.90M 3.90M
Weighted Average Diluted Shares Outstanding		 3.80M 3.80M 3.80M 3.81M 3.88M 3.88M 3.93M 3.90M 3.90M 3.90M 3.90M
Weighted Average Basic & Diluted Shares Outstanding		 3.80M 3.80M 3.80M 3.81M 3.88M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M

Quarterly Income Statements for Avalon

This table shows Avalon's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.89 -0.83 -0.98 0.95 1.84 -0.50 -1.50 0.27 1.90 -0.36 -1.24
Consolidated Net Income / (Loss)		 0.83 -0.87 -1.05 0.88 1.73 -0.61 -1.69 0.21 1.79 -0.41 -1.28
Net Income / (Loss) Continuing Operations		 0.83 -0.87 -1.05 0.88 1.73 -0.61 -1.69 0.21 1.79 -0.41 -1.28
Total Pre-Tax Income 		0.87 -0.91 -1.01 0.93 1.77 -0.64 -1.66 0.24 1.83 -0.43 -1.24
Total Operating Income		 1.39 -0.36 -0.51 1.45 2.27 -0.13 -1.15 0.75 2.35 0.08 -0.74
Total Gross Profit		 5.16 2.99 3.06 5.10 5.97 3.09 2.38 4.17 6.10 3.68 2.88
Total Revenue		 24 18 19 23 24 18 16 20 26 21 18
Operating Revenue		 24 18 19 23 24 18 16 20 26 21 18
Total Cost of Revenue		 19 15 16 18 18 15 14 16 20 18 15
Operating Cost of Revenue		 19 15 16 18 18 15 14 16 20 18 15
Total Operating Expenses		 3.78 3.35 3.58 3.66 3.69 3.23 3.53 3.42 3.76 3.60 3.61
Selling, General & Admin Expense		 2.82 2.38 2.60 2.65 2.72 2.28 2.56 2.45 2.83 2.67 2.69
Depreciation Expense		 0.96 0.97 0.98 1.00 0.98 0.95 0.97 0.97 0.93 0.94 0.93
Total Other Income / (Expense), net		 -0.52 -0.55 -0.50 -0.52 -0.50 -0.51 -0.51 -0.51 -0.51 -0.51 -0.50
Interest Expense		 0.52 0.55 0.51 0.52 0.50 0.51 0.51 0.51 0.51 0.51 0.50
Income Tax Expense		 0.04 -0.04 0.04 0.04 0.04 -0.04 0.03 0.03 0.05 -0.02 0.04
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.06 -0.04 -0.08 -0.07 -0.11 -0.11 -0.19 -0.06 -0.11 -0.06 -0.05
Basic Earnings per Share		 $0.23 ($0.22) ($0.25) $0.24 $0.47 ($0.12) ($0.38) $0.07 $0.49 ($0.10) ($0.32)
Weighted Average Basic Shares Outstanding		 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M
Weighted Average Diluted Shares Outstanding		 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.29M
Weighted Average Basic & Diluted Shares Outstanding		 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.29M

Annual Cash Flow Statements for Avalon

This table details how cash moves in and out of Avalon's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -2.52 0.49 -1.35 -1.94 6.72 -0.54 -3.15 11 -0.60 0.31 1.08
Net Cash From Operating Activities		 1.89 2.59 1.25 3.06 3.15 2.57 2.36 2.26 2.36 3.37 3.78
Net Cash From Continuing Operating Activities		 1.89 2.59 1.25 3.06 3.15 2.57 2.36 5.82 2.36 3.37 3.78
Net Income / (Loss) Continuing Operations		 -1.22 -0.41 -0.82 -3.26 -0.54 -0.05 1.65 -0.98 -2.04 0.95 -0.10
Consolidated Net Income / (Loss)		 -1.22 -0.41 -0.82 -3.26 -0.54 -0.05 1.65 -0.98 -2.04 0.95 -0.10
Depreciation Expense		 2.56 2.82 3.00 2.88 2.52 2.91 3.11 3.48 3.83 3.91 3.80
Amortization Expense		 0.01 0.02 0.02 0.03 0.03 0.04 0.04 0.05 0.06 0.06 0.06
Non-Cash Adjustments To Reconcile Net Income		 0.05 0.06 -0.04 3.32 -0.05 -0.78 -1.93 0.06 0.09 0.04 0.22
Changes in Operating Assets and Liabilities, net		 0.49 0.11 -0.91 0.09 1.19 0.44 -0.51 3.21 0.42 -1.59 -0.20
Net Cash From Investing Activities		 -8.52 -3.00 -1.79 -4.38 -7.20 -4.51 -4.42 -6.39 -3.90 -2.25 -1.73
Net Cash From Continuing Investing Activities		 -8.52 -3.00 -1.79 -4.38 -7.20 -4.51 -4.40 -6.39 -3.90 -2.25 -1.73
Purchase of Property, Plant & Equipment		 -8.52 -3.00 -1.79 -4.41 -7.16 -4.55 -4.42 -6.39 -3.90 -2.25 -1.73
Sale of Property, Plant & Equipment		 - - 0.00 0.03 0.05 0.04 0.00 - 0.00 0.01 0.00
Net Cash From Financing Activities		 4.12 0.90 -0.81 -0.62 11 1.40 -1.09 11 0.94 -0.82 -0.97
Net Cash From Continuing Financing Activities		 4.12 0.90 -0.81 -0.62 11 1.40 -1.09 11 0.94 -0.82 -0.97
Repayment of Debt		 -5.06 -12 -0.81 -0.57 -17 -1.06 -1.11 -21 -0.56 -0.60 -0.64
Other Financing Activities, net		 - - 0.00 -0.05 -0.25 -0.31 -0.33 -0.17 -0.14 -0.22 -0.34
Cash Interest Paid		 0.24 0.36 0.68 0.65 0.79 1.16 1.13 1.31 2.01 2.18 1.99
Cash Income Taxes Paid		 0.09 0.05 0.14 0.11 0.15 0.15 0.07 0.06 0.16 0.05 0.09

Quarterly Cash Flow Statements for Avalon

This table details how cash moves in and out of Avalon's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -1.53 0.32 -0.10 2.64 -0.90 -1.33 -1.56 2.48 0.57 -0.41 -1.97
Net Cash From Operating Activities		 -0.32 0.18 0.41 3.20 0.34 -0.58 -0.98 3.03 1.45 0.28 -1.26
Net Cash From Continuing Operating Activities		 -0.32 0.18 0.41 3.20 0.34 -0.58 -0.98 3.03 1.45 0.28 -1.26
Net Income / (Loss) Continuing Operations		 0.83 -0.87 -1.05 0.88 1.73 -0.61 -1.69 0.21 1.79 -0.41 -1.28
Consolidated Net Income / (Loss)		 0.83 -0.87 -1.05 0.88 1.73 -0.61 -1.69 0.21 1.79 -0.41 -1.28
Depreciation Expense		 0.96 0.97 0.98 1.00 0.98 0.95 0.97 0.97 0.93 0.94 0.93
Amortization Expense		 0.01 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Non-Cash Adjustments To Reconcile Net Income		 0.29 0.28 -0.22 -0.31 0.27 0.30 -0.14 -0.27 0.26 0.37 -0.11
Changes in Operating Assets and Liabilities, net		 -2.41 -0.22 0.69 1.61 -2.65 -1.24 -0.14 2.11 -1.54 -0.63 -0.81
Net Cash From Investing Activities		 -1.00 -0.69 -0.35 -0.35 -1.00 -0.55 -0.39 -0.29 -0.60 -0.44 -0.53
Net Cash From Continuing Investing Activities		 -1.00 -0.69 -0.35 -0.35 -1.00 -0.55 -0.39 -0.29 -0.60 -0.44 -0.53
Purchase of Property, Plant & Equipment		 -1.00 -0.69 -0.36 -0.35 -1.00 -0.55 -0.39 -0.29 -0.60 -0.44 -0.53
Net Cash From Financing Activities		 -0.21 0.83 -0.16 -0.22 -0.24 -0.20 -0.18 -0.26 -0.29 -0.24 -0.18
Net Cash From Continuing Financing Activities		 -0.21 0.83 -0.16 -0.22 -0.24 -0.20 -0.18 -0.26 -0.29 -0.24 -0.18
Repayment of Debt		 -0.14 -0.15 -0.15 -0.15 -0.15 -0.15 -0.16 -0.16 -0.16 -0.16 -0.17
Other Financing Activities, net		 -0.07 -0.03 -0.01 -0.07 -0.09 -0.05 -0.03 -0.11 -0.13 -0.08 -0.02
Cash Interest Paid		 - 1.00 0.56 0.56 0.53 0.54 0.52 0.53 0.52 0.41 0.49
Cash Income Taxes Paid		 - 0.10 0.00 - - 0.05 0.00 0.00 0.00 0.09 0.00

Annual Balance Sheets for Avalon

This table presents Avalon's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 62 68 65 65 79 78 78 90 88 86 87
Total Current Assets		 13 15 13 16 16 15 16 16 14 15 17
Cash & Equivalents		 1.81 2.30 1.03 1.41 1.45 4.21 3.25 1.62 1.19 2.80 4.11
Accounts Receivable		 9.58 11 10 13 13 9.33 11 11 9.50 8.60 9.82
Inventories, net		 0.83 0.77 0.85 0.82 0.81 0.91 1.11 1.46 1.66 1.56 1.56
Prepaid Expenses		 0.49 0.46 0.51 0.62 0.73 0.73 1.00 1.17 1.12 1.00 0.92
Other Current Assets		 0.05 0.04 0.03 0.03 0.02 0.08 0.11 0.70 0.58 0.60 0.56
Plant, Property, & Equipment, net		 49 50 6.36 49 49 51 53 57 57 56 54
Total Noncurrent Assets		 0.09 2.97 46 0.54 15 11 8.73 17 17 16 16
Noncurrent Note & Lease Receivables		 - - - - 5.88 5.74 5.39 5.00 5.71 5.65 6.27
Noncurrent Deferred & Refundable Income Taxes		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.03
Other Noncurrent Operating Assets		 0.08 0.06 43 0.03 1.51 1.76 1.63 1.42 1.31 1.42 1.41
Other Noncurrent Nonoperating Assets		 0.00 2.91 2.83 0.50 7.19 3.89 1.70 10 10 8.96 8.73
Total Liabilities & Shareholders' Equity		 62 68 65 65 79 78 78 90 88 86 87
Total Liabilities		 21 27 25 27 42 41 39 52 52 49 50
Total Current Liabilities		 12 15 13 16 19 17 18 19 18 15 17
Short-Term Debt		 0.06 0.63 0.76 0.58 1.02 1.59 1.13 0.50 0.54 0.58 0.61
Accounts Payable		 8.02 9.39 7.83 10 12 9.10 10 11 9.66 7.12 7.98
Current Deferred Revenue		 2.40 2.72 2.72 2.90 3.15 3.20 3.36 3.64 3.44 3.52 3.53
Current Deferred & Payable Income Tax Liabilities		 0.38 0.50 0.40 0.08 0.09 0.04 0.07 0.64 0.54 0.59 0.66
Current Employee Benefit Liabilities		 0.62 0.68 0.74 0.87 0.96 0.81 0.80 0.99 1.28 1.06 1.24
Other Current Liabilities		 0.67 0.76 0.66 1.03 1.65 1.98 1.97 2.08 2.46 2.59 2.80
Total Noncurrent Liabilities		 8.40 12 12 11 23 24 21 33 34 34 34
Long-Term Debt		 7.98 11 11 10 22 22 19 31 32 32 31
Capital Lease Obligations		 0.27 0.45 0.86 - 0.56 0.56 1.56 0.38 0.60 0.71 1.25
Asset Retirement Reserve & Litigation Obligation		 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Other Noncurrent Operating Liabilities		 - - - 0.69 0.95 1.20 - 0.96 0.84 1.02 1.02
Commitments & Contingencies		 0.00 0.00 0.00 - - - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 42 41 41 37 37 37 39 38 36 37 37
Total Preferred & Common Equity		 39 39 38 37 37 37 39 38 37 38 38
Total Common Equity		 39 39 38 37 37 37 39 38 37 38 38
Common Stock		 59 59 59 59 59 59 59 59 59 59 59
Retained Earnings		 -20 -20 -21 -22 -22 -22 -20 -21 -23 -21 -21
Noncontrolling Interest		 2.98 2.64 2.13 0.01 -0.07 -0.13 -0.09 -0.35 -0.62 -0.98 -1.40

Quarterly Balance Sheets for Avalon

This table presents Avalon's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 90 91 92 89 88 88 91 88
Total Current Assets		 16 17 19 17 16 17 20 18
Cash & Equivalents		 0.67 1.16 3.78 3.95 1.27 3.71 4.55 2.38
Accounts Receivable		 12 12 12 10 11 9.91 13 12
Inventories, net		 1.72 1.86 1.88 1.71 1.85 1.81 1.69 1.77
Prepaid Expenses		 0.95 1.28 0.88 0.68 1.11 0.78 0.61 0.99
Other Current Assets		 0.83 0.81 1.13 0.86 0.75 1.05 0.02 0.72
Plant, Property, & Equipment, net		 57 56 56 56 55 55 54 54
Total Noncurrent Assets		 17 17 17 16 16 16 16 16
Noncurrent Note & Lease Receivables		 5.49 5.58 5.49 5.52 5.67 5.92 6.23 6.35
Noncurrent Deferred & Refundable Income Taxes		 0.01 0.01 0.01 0.01 0.03 0.03 0.03 0.03
Other Noncurrent Operating Assets		 1.41 1.29 1.13 1.45 1.43 1.30 1.11 1.42
Other Noncurrent Nonoperating Assets		 10 10 10 9.14 8.94 8.97 8.70 8.50
Total Liabilities & Shareholders' Equity		 90 91 92 89 88 88 91 88
Total Liabilities		 53 56 56 51 52 52 53 52
Total Current Liabilities		 20 22 22 18 19 19 20 18
Short-Term Debt		 0.53 0.55 0.56 0.57 0.58 0.59 0.60 0.62
Accounts Payable		 11 11 11 7.68 8.42 7.65 9.61 7.74
Current Deferred Revenue		 4.62 5.16 5.86 4.67 5.13 5.73 4.59 5.13
Current Deferred & Payable Income Tax Liabilities		 0.13 0.50 0.42 0.56 0.53 0.45 0.64 0.64
Current Employee Benefit Liabilities		 1.33 1.75 1.77 1.75 1.28 1.53 1.73 1.50
Other Current Liabilities		 2.30 2.48 2.61 2.43 2.69 2.95 2.73 2.83
Total Noncurrent Liabilities		 33 34 34 34 34 34 33 33
Long-Term Debt		 32 32 32 32 32 32 31 31
Capital Lease Obligations		 0.39 0.59 0.61 0.63 0.81 1.02 1.22 1.23
Asset Retirement Reserve & Litigation Obligation		 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Other Noncurrent Operating Liabilities		 0.93 0.84 0.71 1.08 1.03 0.91 0.72 1.02
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 37 35 36 38 35 36 37 36
Total Preferred & Common Equity		 38 36 37 39 37 37 39 37
Total Common Equity		 38 36 37 39 37 37 39 37
Common Stock		 59 59 59 59 59 59 59 59
Retained Earnings		 -22 -24 -23 -21 -23 -22 -21 -22
Noncontrolling Interest		 -0.58 -0.69 -0.76 -0.87 -1.17 -1.23 -1.35 -1.45

Annual Metrics And Ratios for Avalon

This table displays calculated financial ratios and metrics derived from Avalon's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 3,803,331.00 3,803,331.00 3,803,331.00 3,803,331.00 3,875,431.00 3,875,431.00 3,899,431.00 3,287,647.00 3,899,431.00 3,899,431.00 3,899,431.00
DEI Adjusted Shares Outstanding		 3,803,331.00 3,803,331.00 3,803,331.00 3,803,331.00 3,875,431.00 3,875,431.00 3,899,431.00 3,287,647.00 3,899,431.00 3,899,431.00 3,899,431.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.19 -0.02 -0.08 -0.30 -0.12 0.00 0.51 -0.18 -0.46 0.34 0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.14% 15.56% -8.97% 11.43% 9.84% -14.10% 19.86% 15.34% -0.35% 3.58% -0.30%
EBITDA Growth		 51.61% 88.05% 3.24% -83.79% 515.31% 13.17% 19.70% 0.66% -2.77% 76.33% -16.46%
EBIT Growth		 9.93% 109.35% -94.74% -48,380.00% 119.14% -0.22% 101.74% -37.85% -80.80% 2,676.58% -34.30%
NOPAT Growth		 6.73% 85.71% -45.70% -895.57% 104.93% -217.82% 585.21% -54.36% -68.01% 3,515.71% -49.54%
Net Income Growth		 2.86% 66.53% -99.51% -299.02% 83.57% 91.40% 3,680.43% -159.50% -108.57% 146.58% -110.40%
EPS Growth		 32.14% 89.47% -300.00% -275.00% 60.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 3,401.85% 36.81% -51.76% 144.95% 3.01% -18.36% -8.09% -4.40% 4.25% 43.23% 12.16%
Free Cash Flow Firm Growth		 33.87% 93.30% -69.64% 219.14% -684.89% 68.24% -61.49% 24.58% 108.13% 1,534.79% 1.51%
Invested Capital Growth		 12.78% 0.62% 1.10% -5.61% 11.10% 2.90% 5.89% 3.92% -0.14% 0.37% -2.08%
Revenue Q/Q Growth		 -0.33% 2.88% -2.40% -39.10% 0.00% -4.37% 4.38% 5.26% -4.64% -0.06% 4.81%
EBITDA Q/Q Growth		 43.24% -4.25% 14.55% -90.77% 2,110.00% 7.43% -4.80% -3.29% 6.81% 2.86% 3.53%
EBIT Q/Q Growth		 24.29% -60.58% 101.38% -202.68% 117.00% 47.28% -21.39% -31.84% 215.63% 7.88% 11.82%
NOPAT Q/Q Growth		 20.32% -615.38% 59.06% -382.90% 104.37% -581.32% -32.31% -39.34% 190.98% 11.43% 11.82%
Net Income Q/Q Growth		 18.15% -96.63% 27.40% -2,173.89% 0.00% 95.19% -38.66% -94.44% 8.38% 37.97% 66.21%
EPS Q/Q Growth		 13.64% -200.00% 52.94% -183.33% 0.00% 100.00% -32.43% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 298.11% 1.49% -53.71% 0.00% 4.55% 39.96% -17.78% 37.58% -23.24% -18.31% 29.29%
Free Cash Flow Firm Q/Q Growth		 26.55% 71.26% -278.23% 465.20% -30.40% 25.41% -137.64% 39.88% -75.38% -15.39% 54.76%
Invested Capital Q/Q Growth		 0.24% -2.13% 0.72% -6.66% 0.18% -1.02% 1.26% -1.28% -0.18% 1.13% -0.22%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 16.75% 17.66% 20.01% 19.99% 17.68% 19.93% 19.25% 17.20% 17.51% 20.56% 19.55%
EBITDA Margin		 2.93% 4.77% 5.41% 0.79% 4.41% 5.81% 5.80% 5.06% 4.94% 8.41% 7.05%
Operating Margin		 -2.45% -0.30% -0.49% -4.34% 0.19% 0.21% 0.80% 0.43% 0.14% 3.67% 2.42%
EBIT Margin		 -1.91% 0.15% 0.01% -3.88% 0.68% 0.79% 1.32% 0.71% 0.14% 3.68% 2.42%
Profit (Net Income) Margin		 -2.30% -0.67% -1.46% -5.23% -0.78% -0.08% 2.34% -1.21% -2.53% 1.14% -0.12%
Tax Burden Percent		 105.07% 144.01% 117.58% 105.41% 142.67% -88.46% 94.87% 110.61% 102.87% 91.36% 582.35%
Interest Burden Percent		 114.47% -298.95% -13,880.00% 127.96% -81.17% 11.28% 186.67% -153.29% -1,790.09% 33.81% -0.84%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 188.46% 5.13% 0.00% 0.00% 8.64% 0.00%
Return on Invested Capital (ROIC)		 -2.00% -0.27% -0.39% -3.96% 0.19% -0.21% 0.98% 0.42% 0.13% 4.82% 2.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 -11.78% -4.35% -8.38% -19.72% -5.19% 0.21% 7.71% -6.14% -9.91% -3.73% -4.84%
Return on Net Nonoperating Assets (RNNOA)		 -0.88% -0.72% -1.60% -4.38% -1.63% 0.09% 3.36% -2.97% -5.64% -2.22% -2.72%
Return on Equity (ROE)		 -2.89% -0.98% -1.99% -8.34% -1.44% -0.12% 4.34% -2.54% -5.51% 2.60% -0.27%
Cash Return on Invested Capital (CROIC)		 -14.01% -0.88% -1.48% 1.81% -10.33% -3.07% -4.75% -3.42% 0.27% 4.45% 4.56%
Operating Return on Assets (OROA)		 -1.69% 0.15% 0.01% -3.71% 0.64% 0.59% 1.19% 0.69% 0.12% 3.54% 2.33%
Return on Assets (ROA)		 -2.03% -0.63% -1.22% -5.00% -0.74% -0.06% 2.11% -1.17% -2.30% 1.09% -0.11%
Return on Common Equity (ROCE)		 -2.66% -0.92% -1.87% -8.11% -1.44% -0.12% 4.35% -2.56% -5.58% 2.66% -0.28%
Return on Equity Simple (ROE_SIMPLE)		 -3.15% -1.06% -2.12% -8.69% -1.44% -0.12% 4.22% -2.55% -5.57% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.91 -0.13 -0.19 -1.89 0.09 -0.11 0.53 0.24 0.08 2.81 1.42
NOPAT Margin		 -1.72% -0.21% -0.34% -3.03% 0.14% -0.19% 0.76% 0.30% 0.10% 3.35% 1.70%
Net Nonoperating Expense Percent (NNEP)		 9.77% 4.08% 7.99% 15.77% 5.38% -0.42% -6.73% 6.57% 10.04% 8.55% 7.29%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 0.11% 4.00% 2.02%
Cost of Revenue to Revenue		 83.25% 82.34% 79.99% 80.01% 82.32% 80.07% 80.75% 82.80% 82.49% 79.44% 80.45%
SG&A Expenses to Revenue		 14.38% 13.37% 15.13% 14.46% 13.80% 14.77% 14.03% 12.48% 12.64% 12.23% 12.57%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.20% 17.96% 20.50% 24.32% 17.48% 19.72% 18.46% 16.77% 17.37% 16.89% 17.12%
Earnings before Interest and Taxes (EBIT)		 -1.02 0.10 0.01 -2.41 0.46 0.46 0.93 0.58 0.11 3.08 2.03
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.56 2.93 3.02 0.49 3.02 3.41 4.08 4.11 4.00 7.05 5.89
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.19 0.29 0.20 0.27 0.20 0.27 0.36 0.23 0.25 0.40 0.27
Price to Tangible Book Value (P/TBV)		 0.19 0.29 0.20 0.27 0.20 0.27 0.36 0.23 0.25 0.40 0.27
Price to Revenue (P/Rev)		 0.14 0.18 0.14 0.16 0.11 0.17 0.20 0.11 0.12 0.18 0.13
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 719.72 7.14 0.00 0.00 11.45 32.68
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 14.00% 0.00% 0.00% 8.73% 3.06%
Enterprise Value to Invested Capital (EV/IC)		 0.35 0.49 0.43 0.42 0.56 0.56 0.58 0.67 0.71 0.76 0.67
Enterprise Value to Revenue (EV/Rev)		 0.31 0.39 0.38 0.31 0.43 0.51 0.47 0.48 0.51 0.53 0.46
Enterprise Value to EBITDA (EV/EBITDA)		 10.70 8.17 6.97 39.66 9.64 8.74 8.03 9.55 10.28 6.30 6.47
Enterprise Value to EBIT (EV/EBIT)		 0.00 251.90 4,213.73 0.00 62.92 64.72 35.26 67.93 370.02 14.42 18.80
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 312.23 0.00 61.61 161.64 528.61 15.82 26.86
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.81 9.25 16.88 6.36 9.23 11.60 13.88 17.38 17.44 13.17 10.06
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 22.51 0.00 0.00 0.00 0.00 258.81 17.13 14.46
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.20 0.30 0.30 0.29 0.63 0.65 0.57 0.84 0.93 0.89 0.90
Long-Term Debt to Equity		 0.20 0.28 0.29 0.27 0.60 0.61 0.54 0.83 0.91 0.88 0.88
Financial Leverage		 0.08 0.16 0.19 0.22 0.31 0.41 0.44 0.48 0.57 0.59 0.56
Leverage Ratio		 1.42 1.57 1.63 1.67 1.93 2.13 2.05 2.18 2.39 2.38 2.35
Compound Leverage Factor		 1.62 -4.68 -225.74 2.13 -1.57 0.24 3.83 -3.34 -42.85 0.80 -0.02
Debt to Total Capital		 16.59% 23.02% 23.35% 22.28% 38.50% 39.46% 36.14% 45.77% 48.17% 47.20% 47.25%
Short-Term Debt to Total Capital		 0.12% 1.17% 1.43% 1.20% 1.69% 2.61% 1.84% 0.72% 0.77% 0.82% 0.88%
Long-Term Debt to Total Capital		 16.48% 21.85% 21.92% 21.08% 36.81% 36.85% 34.30% 45.05% 47.40% 46.39% 46.37%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 5.94% 4.90% 4.02% 0.03% -0.11% -0.21% -0.15% -0.49% -0.88% -1.40% -2.00%
Common Equity to Total Capital		 77.39% 72.00% 72.56% 77.70% 61.61% 60.75% 64.01% 54.72% 52.71% 54.19% 54.76%
Debt to EBITDA		 5.34 4.23 4.09 21.93 7.68 7.06 5.40 7.83 8.40 4.70 5.62
Net Debt to EBITDA		 4.17 3.44 3.75 19.06 7.20 5.83 4.61 7.44 8.10 4.30 4.92
Long-Term Debt to EBITDA		 5.30 4.01 3.84 20.75 7.34 6.59 5.13 7.71 8.26 4.62 5.52
Debt to NOPAT		 -9.12 -95.05 -65.16 -5.69 248.55 -219.66 41.45 132.53 431.87 11.79 23.35
Net Debt to NOPAT		 -7.13 -77.39 -59.76 -4.94 233.02 -181.28 35.34 125.85 416.59 10.79 20.44
Long-Term Debt to NOPAT		 -9.05 -90.22 -61.16 -5.38 237.65 -205.13 39.34 130.46 424.94 11.59 22.91
Altman Z-Score		 0.57 0.75 0.59 0.58 0.55 0.49 0.76 0.67 0.62 0.92 0.82
Noncontrolling Interest Sharing Ratio		 7.72% 6.84% 5.90% 2.79% -0.07% -0.26% -0.29% -0.57% -1.30% -2.18% -3.22%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.05 1.02 0.99 0.96 0.82 0.89 0.89 0.85 0.78 0.94 1.01
Quick Ratio		 0.94 0.93 0.88 0.87 0.74 0.79 0.76 0.68 0.60 0.74 0.83
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -6.38 -0.43 -0.72 0.86 -5.05 -1.60 -2.59 -1.95 0.16 2.59 2.63
Operating Cash Flow to CapEx		 22.19% 86.29% 69.76% 69.83% 44.26% 56.99% 53.45% 35.34% 60.43% 150.18% 219.05%
Free Cash Flow to Firm to Interest Expense		 -43.38 -1.13 -1.04 1.28 -6.03 -3.92 0.00 -1.33 0.08 1.27 1.29
Operating Cash Flow to Interest Expense		 12.86 6.83 1.79 4.53 3.76 6.29 0.00 1.54 1.12 1.65 1.85
Operating Cash Flow Less CapEx to Interest Expense		 -45.12 -1.08 -0.77 -1.96 -4.74 -4.74 0.00 -2.82 -0.74 0.55 1.01
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.88 0.94 0.84 0.96 0.95 0.75 0.90 0.97 0.91 0.96 0.96
Accounts Receivable Turnover		 5.79 5.86 5.12 5.36 5.39 5.35 7.10 7.50 7.84 9.26 9.07
Inventory Turnover		 49.74 63.03 55.05 59.63 68.92 54.57 56.41 52.39 42.74 41.35 43.18
Fixed Asset Turnover		 1.16 1.23 1.98 2.26 1.40 1.17 1.35 1.47 1.43 1.49 1.53
Accounts Payable Turnover		 6.12 5.80 5.19 5.45 5.08 4.52 5.90 6.35 6.46 7.94 8.90
Days Sales Outstanding (DSO)		 63.01 62.25 71.35 68.14 67.71 68.19 51.44 48.64 46.53 39.41 40.22
Days Inventory Outstanding (DIO)		 7.34 5.79 6.63 6.12 5.30 6.69 6.47 6.97 8.54 8.83 8.45
Days Payable Outstanding (DPO)		 59.67 62.89 70.35 67.02 71.91 80.80 61.85 57.45 56.48 45.99 41.00
Cash Conversion Cycle (CCC)		 10.67 5.15 7.64 7.24 1.10 -5.93 -3.94 -1.84 -1.41 2.25 7.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 48 49 49 46 51 53 56 58 58 58 57
Invested Capital Turnover		 1.17 1.27 1.14 1.30 1.40 1.12 1.29 1.42 1.39 1.44 1.45
Increase / (Decrease) in Invested Capital		 5.47 0.30 0.54 -2.75 5.14 1.49 3.12 2.20 -0.08 0.22 -1.22
Enterprise Value (EV)		 17 24 21 19 29 30 33 39 41 44 38
Market Capitalization		 7.19 11 7.61 10 7.44 10 14 9.04 9.32 15 10
Book Value per Share		 $10.19 $10.18 $10.10 $9.85 $9.56 $9.57 $10.02 $11.71 $9.42 $9.75 $9.84
Tangible Book Value per Share		 $10.19 $10.18 $10.10 $9.85 $9.56 $9.57 $10.02 $11.71 $9.42 $9.75 $9.84
Total Capital		 50 54 53 48 60 61 61 70 70 70 70
Total Debt		 8.31 12 12 11 23 24 22 32 34 33 33
Total Long-Term Debt		 8.25 12 12 10 22 23 21 32 33 33 32
Net Debt		 6.49 10 11 9.34 22 20 19 31 32 30 29
Capital Expenditures (CapEx)		 8.52 3.00 1.79 4.38 7.11 4.51 4.42 6.39 3.90 2.25 1.73
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.11 -1.43 -0.46 -1.52 -3.84 -4.54 -4.18 -3.89 -4.51 -3.14 -3.37
Debt-free Net Working Capital (DFNWC)		 0.70 0.87 0.56 -0.11 -2.40 -0.33 -0.93 -2.27 -3.33 -0.33 0.75
Net Working Capital (NWC)		 0.64 0.24 -0.20 -0.69 -3.41 -1.92 -2.05 -2.77 -3.86 -0.91 0.13
Net Nonoperating Expense (NNE)		 0.31 0.28 0.63 1.37 0.63 -0.06 -1.11 1.22 2.12 1.86 1.52
Net Nonoperating Obligations (NNO)		 6.49 7.17 8.51 8.84 15 16 17 20 22 21 20
Total Depreciation and Amortization (D&A)		 2.57 2.83 3.02 2.90 2.55 2.95 3.15 3.53 3.89 3.97 3.86
Debt-free, Cash-free Net Working Capital to Revenue		 -2.10% -2.33% -0.83% -2.44% -5.62% -7.73% -5.94% -4.79% -5.58% -3.74% -4.03%
Debt-free Net Working Capital to Revenue		 1.32% 1.42% 1.01% -0.18% -3.51% -0.56% -1.32% -2.79% -4.11% -0.40% 0.89%
Net Working Capital to Revenue		 1.21% 0.39% -0.35% -1.11% -4.99% -3.28% -2.92% -3.41% -4.78% -1.08% 0.16%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.19) ($0.02) ($0.08) ($0.30) ($0.12) $0.00 $0.51 ($0.15) ($0.46) $0.34 $0.08
Adjusted Weighted Average Basic Shares Outstanding		 3.80M 3.80M 3.80M 3.88M 3.88M 3.88M 3.90M 3.90M 3.90M 3.90M 3.90M
Adjusted Diluted Earnings per Share		 ($0.19) ($0.02) ($0.08) ($0.30) ($0.12) $0.00 $0.50 ($0.15) $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 3.80M 3.80M 3.80M 3.88M 3.88M 3.88M 3.93M 3.90M 3.90M 3.90M 3.90M
Adjusted Basic & Diluted Earnings per Share		 ($0.19) ($0.02) ($0.08) ($0.30) ($0.12) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.80M 3.80M 3.80M 3.81M 3.88M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.91 -0.13 -0.19 0.39 0.09 0.09 0.53 0.24 0.08 2.81 1.42
Normalized NOPAT Margin		 -1.72% -0.21% -0.34% 0.63% 0.14% 0.15% 0.76% 0.30% 0.10% 3.35% 1.70%
Pre Tax Income Margin		 -2.19% -0.46% -1.24% -4.96% -0.55% 0.09% 2.47% -1.09% -2.46% 1.24% -0.02%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -6.91 0.25 0.01 -3.58 0.55 1.13 0.00 0.39 0.05 1.51 0.99
NOPAT to Interest Expense		 -6.20 -0.34 -0.27 -2.80 0.11 -0.27 0.00 0.17 0.04 1.38 0.69
EBIT Less CapEx to Interest Expense		 -64.89 -7.66 -2.55 -10.06 -7.95 -9.90 0.00 -3.97 -1.80 0.41 0.15
NOPAT Less CapEx to Interest Expense		 -64.18 -8.25 -2.83 -9.28 -8.39 -11.30 0.00 -4.20 -1.82 0.28 -0.15
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Avalon

This table displays calculated financial ratios and metrics derived from Avalon's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 3,287,647.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00
DEI Adjusted Shares Outstanding		 3,287,647.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00 3,899,431.00
DEI Earnings Per Adjusted Shares Outstanding		 0.27 -0.21 -0.25 0.24 0.47 -0.13 -0.38 0.07 0.49 -0.09 -0.32
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.94% -18.20% 2.24% 10.71% 1.28% -0.31% -14.79% -12.17% 6.23% 21.73% 9.90%
EBITDA Growth		 -2.96% 67.28% 255.73% 87.03% 38.36% 30.91% -133.95% -29.82% 0.89% 24.22% 225.30%
EBIT Growth		 -9.71% 36.57% 59.97% 316.09% 64.07% 62.67% -127.47% -48.20% 3.17% 159.70% 36.06%
NOPAT Growth		 -8.03% 39.36% 59.41% 466.20% 67.73% 62.67% -124.37% -52.19% 3.08% 159.70% 36.06%
Net Income Growth		 -22.76% 17.71% 41.41% 532.84% 108.94% 30.15% -59.96% -76.10% 3.41% 31.96% 24.02%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 56.93% -80.11% 67.07% 41.86% 205.88% -427.12% -338.93% -5.16% 324.85% 148.01% -28.11%
Free Cash Flow Firm Growth		 192.93% 93.48% -745.39% 455.43% 34.64% -81.33% 27.47% -106.60% -1.54% 511.92% 100.86%
Invested Capital Growth		 -1.24% -0.14% 4.27% -1.61% -0.93% 0.37% 2.01% 1.47% -0.75% -2.08% -0.91%
Revenue Q/Q Growth		 14.90% -26.04% 6.55% 22.27% 5.11% -27.19% -8.94% 26.04% 27.13% -16.57% -17.79%
EBITDA Q/Q Growth		 78.98% -73.12% -22.87% 404.09% 32.41% -74.57% -120.00% 1,142.17% 90.35% -68.69% -79.83%
EBIT Q/Q Growth		 298.28% -125.90% -40.95% 386.17% 57.04% -105.89% -758.96% 165.16% 212.80% -96.59% -1,020.00%
NOPAT Q/Q Growth		 443.37% -118.99% -42.90% 484.09% 60.96% -104.23% -758.96% 181.84% 247.06% -97.55% -1,020.00%
Net Income Q/Q Growth		 505.88% -204.95% -21.29% 183.78% 95.92% -135.09% -177.76% 112.51% 747.87% -123.09% -210.17%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -114.32% 154.80% 132.20% 678.35% -89.31% -269.30% -69.60% 408.96% -52.11% -80.87% -552.52%
Free Cash Flow Firm Q/Q Growth		 419.68% -108.29% -1,482.56% 184.72% 21.10% -111.17% -533.00% 92.29% 1,907.43% -53.28% -98.68%
Invested Capital Q/Q Growth		 3.85% -0.18% -1.89% -3.26% 4.57% 1.13% -0.29% -3.78% 2.28% -0.22% 0.90%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.58% 16.89% 16.24% 22.14% 24.63% 17.53% 14.79% 20.58% 23.71% 17.15% 16.30%
EBITDA Margin		 9.86% 3.58% 2.59% 10.69% 13.47% 4.70% -1.03% 8.54% 12.79% 4.80% 1.18%
Operating Margin		 5.79% -2.03% -2.72% 6.28% 9.38% -0.76% -7.16% 3.70% 9.11% 0.37% -4.17%
EBIT Margin		 5.79% -2.03% -2.68% 6.28% 9.38% -0.76% -7.16% 3.70% 9.11% 0.37% -4.17%
Profit (Net Income) Margin		 3.46% -4.91% -5.59% 3.83% 7.14% -3.44% -10.49% 1.04% 6.95% -1.92% -7.25%
Tax Burden Percent		 95.50% 96.02% 103.94% 95.25% 97.63% 94.40% 101.51% 87.92% 97.55% 96.05% 103.31%
Interest Burden Percent		 62.55% 252.09% 200.40% 64.02% 77.92% 479.85% 144.31% 32.00% 78.18% -537.50% 168.48%
Effective Tax Rate		 4.50% 0.00% 0.00% 4.75% 2.37% 0.00% 0.00% 12.08% 2.45% 0.00% 0.00%
Return on Invested Capital (ROIC)		 8.00% -1.97% -2.77% 8.97% 13.24% -0.76% -7.04% 4.58% 12.31% 0.38% -4.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.59% -4.90% -6.20% 6.45% 10.87% -3.13% -10.96% 2.32% 9.82% -1.88% -7.69%
Return on Net Nonoperating Assets (RNNOA)		 3.02% -2.79% -3.52% 3.52% 6.04% -1.86% -7.00% 1.29% 5.24% -1.06% -4.87%
Return on Equity (ROE)		 11.02% -4.76% -6.28% 12.49% 19.27% -2.62% -14.04% 5.87% 17.56% -0.68% -9.15%
Cash Return on Invested Capital (CROIC)		 1.10% 0.27% -3.10% 4.09% 5.28% 4.45% 1.43% 0.73% 2.96% 4.56% 4.10%
Operating Return on Assets (OROA)		 5.41% -1.85% -2.56% 5.73% 8.78% -0.73% -6.51% 3.22% 8.08% 0.36% -4.05%
Return on Assets (ROA)		 3.23% -4.47% -5.32% 3.50% 6.68% -3.31% -9.54% 0.91% 6.16% -1.85% -7.05%
Return on Common Equity (ROCE)		 11.14% -4.82% -6.38% 12.71% 19.65% -2.68% -14.41% 6.03% 18.07% -0.70% -9.49%
Return on Equity Simple (ROE_SIMPLE)		 -5.94% 0.00% -3.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.32 -0.25 -0.36 1.38 2.22 -0.09 -0.81 0.66 2.29 0.06 -0.52
NOPAT Margin		 5.53% -1.42% -1.90% 5.98% 9.16% -0.53% -5.01% 3.26% 8.89% 0.26% -2.92%
Net Nonoperating Expense Percent (NNEP)		 2.41% 2.92% 3.43% 2.52% 2.37% 2.36% 3.92% 2.25% 2.49% 2.25% 3.41%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.36% -0.52% 1.99% 3.13% -0.13% -1.18% 0.96% 3.24% 0.08% -0.75%
Cost of Revenue to Revenue		 78.42% 83.11% 83.76% 77.86% 75.37% 82.47% 85.21% 79.42% 76.29% 82.85% 83.70%
SG&A Expenses to Revenue		 11.76% 13.45% 13.77% 11.51% 11.22% 12.92% 15.92% 12.11% 10.98% 12.42% 15.21%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 15.79% 18.92% 18.96% 15.86% 15.24% 18.29% 21.96% 16.88% 14.60% 16.77% 20.47%
Earnings before Interest and Taxes (EBIT)		 1.39 -0.36 -0.51 1.45 2.27 -0.13 -1.15 0.75 2.35 0.08 -0.74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.36 0.63 0.49 2.47 3.26 0.83 -0.17 1.73 3.29 1.03 0.21
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.17 0.25 0.24 0.23 0.26 0.40 0.30 0.26 0.26 0.27 0.27
Price to Tangible Book Value (P/TBV)		 0.17 0.25 0.24 0.23 0.26 0.40 0.30 0.26 0.26 0.27 0.27
Price to Revenue (P/Rev)		 0.08 0.12 0.11 0.10 0.12 0.18 0.14 0.12 0.13 0.13 0.12
Price to Earnings (P/E)		 0.00 0.00 0.00 295.82 10.11 11.45 13.88 82.28 56.49 32.68 17.26
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.34% 9.90% 8.73% 7.21% 1.22% 1.77% 3.06% 5.79%
Enterprise Value to Invested Capital (EV/IC)		 0.64 0.71 0.70 0.68 0.66 0.76 0.72 0.68 0.65 0.67 0.68
Enterprise Value to Revenue (EV/Rev)		 0.44 0.51 0.50 0.45 0.46 0.53 0.52 0.49 0.47 0.46 0.46
Enterprise Value to EBITDA (EV/EBITDA)		 10.05 10.28 8.39 6.28 5.59 6.30 6.53 6.70 6.59 6.47 6.26
Enterprise Value to EBIT (EV/EBIT)		 0.00 370.02 46.32 18.97 13.41 14.42 17.12 21.81 20.70 18.80 16.07
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 528.61 66.71 27.19 15.20 15.82 21.14 31.15 29.57 26.86 21.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.26 17.44 15.97 10.78 9.28 13.17 21.07 20.89 12.81 10.06 11.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 58.33 258.81 0.00 16.40 12.50 17.13 50.56 93.11 22.03 14.46 16.47
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.88 0.93 0.95 0.93 0.88 0.89 0.94 0.93 0.89 0.90 0.92
Long-Term Debt to Equity		 0.86 0.91 0.94 0.91 0.87 0.88 0.92 0.92 0.87 0.88 0.91
Financial Leverage		 0.54 0.57 0.57 0.55 0.56 0.59 0.64 0.56 0.53 0.56 0.63
Leverage Ratio		 2.39 2.39 2.39 2.54 2.40 2.38 2.53 2.51 2.40 2.35 2.47
Compound Leverage Factor		 1.49 6.03 4.79 1.63 1.87 11.42 3.65 0.80 1.87 -12.61 4.15
Debt to Total Capital		 46.76% 48.17% 48.81% 48.10% 46.85% 47.20% 48.34% 48.24% 47.06% 47.25% 48.00%
Short-Term Debt to Total Capital		 0.76% 0.77% 0.80% 0.80% 0.80% 0.82% 0.85% 0.86% 0.86% 0.88% 0.91%
Long-Term Debt to Total Capital		 46.00% 47.40% 48.01% 47.30% 46.05% 46.39% 47.49% 47.38% 46.20% 46.37% 47.09%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -0.83% -0.88% -1.01% -1.10% -1.23% -1.40% -1.71% -1.79% -1.91% -2.00% -2.11%
Common Equity to Total Capital		 54.07% 52.71% 52.20% 53.00% 54.38% 54.19% 53.37% 53.55% 54.85% 54.76% 54.11%
Debt to EBITDA		 8.68 8.40 6.96 5.60 4.84 4.70 5.18 5.86 5.84 5.62 5.26
Net Debt to EBITDA		 8.50 8.10 6.72 4.97 4.27 4.30 4.98 5.20 5.04 4.92 4.88
Long-Term Debt to EBITDA		 8.54 8.26 6.85 5.51 4.76 4.62 5.08 5.76 5.73 5.52 5.16
Debt to NOPAT		 -380.27 431.87 55.37 24.25 13.17 11.79 16.76 27.24 26.20 23.35 17.82
Net Debt to NOPAT		 -372.39 416.59 53.45 21.50 11.60 10.79 16.12 24.19 22.61 20.44 16.53
Long-Term Debt to NOPAT		 -374.07 424.94 54.47 23.84 12.94 11.59 16.47 26.75 25.72 22.91 17.48
Altman Z-Score		 0.67 0.60 0.55 0.67 0.81 0.79 0.61 0.65 0.77 0.75 0.70
Noncontrolling Interest Sharing Ratio		 -1.11% -1.30% -1.58% -1.78% -1.94% -2.18% -2.64% -2.79% -2.96% -3.22% -3.68%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.78 0.78 0.80 0.86 0.97 0.94 0.88 0.91 1.01 1.01 0.96
Quick Ratio		 0.61 0.60 0.62 0.69 0.79 0.74 0.68 0.72 0.90 0.83 0.77
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.05 -0.17 -2.70 2.28 2.77 -0.31 -1.95 -0.15 2.72 1.27 0.02
Operating Cash Flow to CapEx		 -32.27% 25.80% 118.10% 919.25% 34.13% -105.66% -251.79% 1,039.04% 241.76% 62.61% -239.62%
Free Cash Flow to Firm to Interest Expense		 3.96 -0.31 -5.31 4.38 5.51 -0.61 -3.83 -0.30 5.32 2.49 0.03
Operating Cash Flow to Interest Expense		 -0.62 0.32 0.81 6.14 0.68 -1.14 -1.93 5.95 2.84 0.55 -2.50
Operating Cash Flow Less CapEx to Interest Expense		 -2.55 -0.93 0.12 5.47 -1.31 -2.21 -2.69 5.38 1.66 -0.33 -3.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.93 0.91 0.95 0.91 0.94 0.96 0.91 0.87 0.89 0.96 0.97
Accounts Receivable Turnover		 6.55 7.84 6.33 7.39 7.76 9.26 6.86 7.30 6.84 9.07 7.34
Inventory Turnover		 44.12 42.74 36.91 36.29 38.92 41.35 34.78 34.00 37.64 43.18 37.74
Fixed Asset Turnover		 1.50 1.43 1.37 1.48 1.49 1.49 1.45 1.42 1.45 1.53 1.57
Accounts Payable Turnover		 6.50 6.46 5.41 5.94 7.24 7.94 6.53 6.70 7.40 8.90 8.46
Days Sales Outstanding (DSO)		 55.69 46.53 57.66 49.38 47.03 39.41 53.22 50.02 53.38 40.22 49.73
Days Inventory Outstanding (DIO)		 8.27 8.54 9.89 10.06 9.38 8.83 10.50 10.74 9.70 8.45 9.67
Days Payable Outstanding (DPO)		 56.14 56.48 67.50 61.47 50.42 45.99 55.87 54.46 49.31 41.00 43.17
Cash Conversion Cycle (CCC)		 7.83 -1.41 0.05 -2.02 5.99 2.25 7.84 6.29 13.76 7.68 16.24
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 58 58 57 55 58 58 58 56 57 57 58
Invested Capital Turnover		 1.45 1.39 1.45 1.50 1.44 1.44 1.40 1.41 1.39 1.45 1.47
Increase / (Decrease) in Invested Capital		 -0.73 -0.08 2.34 -0.90 -0.55 0.22 1.15 0.81 -0.43 -1.22 -0.53
Enterprise Value (EV)		 38 41 40 37 38 44 42 38 37 38 39
Market Capitalization		 6.38 9.32 8.70 8.58 9.94 15 11 9.71 10 10 10
Book Value per Share		 $11.42 $9.42 $9.16 $9.41 $9.88 $9.75 $9.37 $9.44 $9.93 $9.84 $9.52
Tangible Book Value per Share		 $11.42 $9.42 $9.16 $9.41 $9.88 $9.75 $9.37 $9.44 $9.93 $9.84 $9.52
Total Capital		 69 70 68 69 71 70 68 69 71 70 69
Total Debt		 32 34 33 33 33 33 33 33 33 33 33
Total Long-Term Debt		 32 33 33 33 33 33 33 33 33 32 32
Net Debt		 32 32 32 30 29 30 32 29 29 29 31
Capital Expenditures (CapEx)		 1.00 0.69 0.35 0.35 1.00 0.55 0.39 0.29 0.60 0.44 0.53
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4.48 -4.51 -4.99 -6.28 -3.83 -3.14 -2.99 -4.77 -3.67 -3.37 -2.50
Debt-free Net Working Capital (DFNWC)		 -3.81 -3.33 -3.83 -2.50 0.11 -0.33 -1.72 -1.06 0.88 0.75 -0.12
Net Working Capital (NWC)		 -4.34 -3.86 -4.38 -3.06 -0.45 -0.91 -2.30 -1.65 0.28 0.13 -0.75
Net Nonoperating Expense (NNE)		 0.50 0.62 0.69 0.50 0.49 0.51 0.88 0.45 0.50 0.47 0.77
Net Nonoperating Obligations (NNO)		 21 22 22 19 20 21 23 20 20 20 22
Total Depreciation and Amortization (D&A)		 0.97 0.99 1.00 1.02 0.99 0.96 0.99 0.98 0.95 0.95 0.94
Debt-free, Cash-free Net Working Capital to Revenue		 -5.28% -5.58% -6.14% -7.51% -4.57% -3.74% -3.69% -6.10% -4.61% -4.03% -2.94%
Debt-free Net Working Capital to Revenue		 -4.49% -4.11% -4.71% -2.99% 0.13% -0.40% -2.12% -1.35% 1.10% 0.89% -0.14%
Net Working Capital to Revenue		 -5.11% -4.78% -5.38% -3.66% -0.54% -1.08% -2.84% -2.11% 0.35% 0.16% -0.88%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.23 ($0.22) ($0.25) $0.24 $0.47 ($0.12) ($0.38) $0.07 $0.49 ($0.10) ($0.32)
Adjusted Weighted Average Basic Shares Outstanding		 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M
Adjusted Diluted Earnings per Share		 $0.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.29M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.90M 3.29M
Normalized Net Operating Profit after Tax (NOPAT)		 1.32 -0.25 -0.36 1.38 2.22 -0.09 -0.81 0.66 2.29 0.06 -0.52
Normalized NOPAT Margin		 5.53% -1.42% -1.90% 5.98% 9.16% -0.53% -5.01% 3.26% 8.89% 0.26% -2.92%
Pre Tax Income Margin		 3.62% -5.11% -5.38% 4.02% 7.31% -3.64% -10.34% 1.19% 7.12% -2.00% -7.02%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.67 -0.66 -1.00 2.78 4.53 -0.26 -2.26 1.47 4.58 0.16 -1.46
NOPAT to Interest Expense		 2.55 -0.46 -0.71 2.65 4.42 -0.18 -1.58 1.29 4.47 0.11 -1.02
EBIT Less CapEx to Interest Expense		 0.74 -1.91 -1.68 2.11 2.53 -1.34 -3.02 0.90 3.41 -0.71 -2.50
NOPAT Less CapEx to Interest Expense		 0.62 -1.72 -1.39 1.98 2.43 -1.26 -2.34 0.72 3.30 -0.76 -2.06
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Avalon Holdings (NYSE: AWX) showed a meaningful rebound in Q1 2026, but the long-term picture is still mixed. Revenue and profitability improved sharply versus the weak Q1 2025 period, yet the company remained unprofitable and continued to burn cash from operations. The balance sheet also shows a highly leveraged capital structure, with debt still a major overhang for investors.

  • Revenue rebounded year over year in Q1 2026. Operating revenue rose to $17.7 million from $16.1 million in Q1 2025, signaling a better start to the year.
  • Operating results improved materially. Q1 2026 operating loss narrowed to $736,000 from a loss of $1.15 million a year ago, helped by stronger gross profit.
  • Gross margin improved significantly versus Q1 2025. Gross profit increased to $2.88 million from $2.38 million, as revenue grew faster than cost of revenue.
  • Cash generation was strong in several 2025 quarters. For example, Q2 2025 and Q3 2025 both produced positive operating cash flow, suggesting the business can generate cash in healthier periods.
  • Debt levels edged down slightly in the latest quarter. Long-term debt fell to $31.1 million in Q1 2026 from $31.5 million in Q2 2025, while short-term debt also decreased modestly.
  • Q1 is still seasonally or structurally volatile. AWX swung from a profit in Q3 2025 to a loss in Q4 2025 and Q1 2026, so quarterly results can move around significantly.
  • Depreciation remains a large non-cash expense. This supports cash flow adjustments, but it also reflects a capital-intensive business with ongoing asset investment needs.
  • Accounts receivable remain large relative to revenue. Receivables were $11.8 million at the end of Q1 2026, which investors may want to monitor for collection quality and working-capital pressure.
  • Capital spending continues. The company spent $525,000 on property, plant and equipment in Q1 2026, indicating ongoing reinvestment requirements.
  • AWX posted another net loss in Q1 2026. Net income was a loss of $1.28 million, following a loss of $413,000 in Q4 2025.
  • Operating cash flow was negative in Q1 2026. Cash from operations fell to negative $1.26 million, a sharp deterioration from positive operating cash flow in Q2 and Q3 2025.
  • Cash declined sharply in the quarter. Cash and equivalents fell to $2.38 million from $4.55 million at the end of Q3 2025, reflecting the impact of weak cash flow.
  • Leverage remains elevated. Total liabilities of $51.9 million still exceed equity-like cushion comfortably, and long-term debt remains substantial relative to cash on hand.
  • Interest burden is meaningful. AWX paid $490,000 in cash interest in Q1 2026, which continues to weigh on profitability and free cash flow.
  • The company has not shown consistent earnings power across the last four years of quarterly data. The trend includes multiple losses and only intermittent profitable quarters, making the recovery case less certain.

Bottom line: Avalon Holdings has improved from its weak early-2025 results, but investors should still view the stock as a turnaround story with significant risk. Revenue growth and occasional profitable quarters are encouraging, yet persistent losses, negative operating cash flow in Q1 2026, and a heavy debt load remain the key concerns.

07/21/26 09:00 AM ETAI Generated. May Contain Errors.

Avalon Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Avalon's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Avalon's net income appears to be on a downward trend, with a most recent value of -$99 thousand in 2025, falling from -$1.22 million in 2015. The previous period was $952 thousand in 2024.

Avalon's total operating income in 2025 was $2.03 million, based on the following breakdown:
  • Total Gross Profit: $16.33 million
  • Total Operating Expenses: $14.31 million

Over the last 10 years, Avalon's total revenue changed from $53.09 million in 2015 to $83.55 million in 2025, a change of 57.4%.

Avalon's total liabilities were at $50.43 million at the end of 2025, a 2.6% increase from 2024, and a 145.4% increase since 2015.

In the past 10 years, Avalon's cash and equivalents has ranged from $1.03 million in 2017 to $4.21 million in 2020, and is currently $4.11 million as of their latest financial filing in 2025.

Over the last 10 years, Avalon's book value per share changed from 10.19 in 2015 to 9.84 in 2025, a change of -3.4%.


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Financial statements for NYSE:AWX last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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