Avalon Holdings Corp. (AWX) Financials

AWX

Trailing 12 months to June 30, 2026

Revenue $85.8M +9.7% YoY

Net Income $1.2M +912.7% YoY

Free Cash Flow $1.3M +405.5% YoY

Operating Cash Flow $3.5M +92.0% YoY

Market Cap $9.6M as of Oct 10, 2026

Price / Sales 0.1x on $85.8M revenue, trailing 12 months to June 30, 2026

Price / Earnings 8.1x on $1.2M net income, trailing 12 months to June 30, 2026

Price / Book 0.3x on $38.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AWX SEC filings page.

Avalon Holdings Corp. (AWX) reported $85.8M in revenue over the twelve months to Jun 30, 2026, up 9.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AWX FY2025 2026-10-03

Stable revenue masks thin profitability; recent cash improvement comes more from lighter reinvestment than expanding operating margins.

Cash conversion improved ahead of earnings quality: operating cash flow rose from $2.4M in FY2023 to $3.8M in FY2025, while net income moved from a net loss of $1.8M to profit of $321K. Capital expenditures fell from $2.3M to $1.7M, allowing free cash flow to strengthen even as profitability remained modest.

The margin structure is sensitive to small cost or mix changes: gross margin eased from 20.6% in FY2024 to 19.6% in FY2025. Operating margin then fell from 3.7% to 2.4%, showing how limited operating profit is after gross profit and overhead.

Short-term balance-sheet pressure has eased: the current ratio improved from 0.8x in FY2023 to 1.0x in FY2025, reducing the earlier gap between current assets and current liabilities. Debt-to-equity was still 0.7x in FY2025, so that improvement did not depend on a large leverage increase.

Financial Health Signals

Financial Health Score 30/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Avalon Holdings Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Avalon Holdings Corp. has an operating margin of 2.4%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is down from 3.7% the prior year.

Growth

Avalon Holdings Corp.'s revenue declined 0.3% year-over-year, from $83.8M to $83.5M. This contraction results in a growth score of 36/100.

Leverage

Avalon Holdings Corp. has elevated debt relative to equity (D/E of 0.73), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.

Liquidity

Avalon Holdings Corp.'s current ratio of 1.01 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Avalon Holdings Corp.'s free cash flow margin of 2.5% results in a low score of 29/100. Capital expenditures of $1.7M absorb a large share of operating cash flow.

Returns

Avalon Holdings Corp.'s ROE of 0.8% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 3.5% the prior year.

Altman Z-Score Distress

0.82

Avalon Holdings Corp. scores 0.82, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Avalon Holdings Corp. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

11.79x

For every $1 of reported earnings, Avalon Holdings Corp. generates $11.79 in operating cash flow ($3.8M OCF vs $321K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

0.99x

Avalon Holdings Corp. earns $0.99 in operating income for every $1 of interest expense ($2.0M vs $2.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$20.9M

YoY+3.2%

QoQ+18.3%

5Y CAGR+5.0%

10Y CAGR+2.9%

Avalon Holdings Corp. generated $20.9M in revenue in Q2 2026. This represents an increase of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 18.3%.

EBITDA

$2.3M

YoY+33.2%

QoQ+1083.9%

5Y CAGR+23.5%

10Y CAGR+8.0%

Avalon Holdings Corp.'s EBITDA was $2.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.2% from the same quarter a year earlier. Against the prior quarter it is up 1083.9%.

Net Income

$884K

YoY+222.6%

QoQ+171.6%

5Y CAGR+3.6%

10Y CAGR+7.7%

Avalon Holdings Corp. reported $884K in net income in Q2 2026. This represents an increase of 222.6% from the same quarter a year earlier. Against the prior quarter it is up 171.6%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$2.4M

YoY-13.5%

QoQ+233.0%

5Y CAGR+53.0%

10Y CAGR+30.8%

Avalon Holdings Corp. generated $2.4M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 13.5% from the same quarter a year earlier. Against the prior quarter it is up 233.0%.

Cash & Debt

$4.8M

YoY+29.1%

QoQ+101.6%

5Y CAGR+1.5%

10Y CAGR+9.6%

Avalon Holdings Corp. held $4.8M in cash against $27.7M in long-term debt as of Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Gross Margin

23.4%

YoY+2.8pp

QoQ+7.1pp

Avalon Holdings Corp.'s gross margin was 23.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.1 percentage points.

Operating Margin

6.5%

YoY+2.8pp

QoQ+10.7pp

5Y change+6.3pp

10Y change+4.1pp

Avalon Holdings Corp.'s operating margin was 6.5% in Q2 2026, reflecting core business profitability. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.7 percentage points.

Net Margin

4.2%

YoY+2.9pp

QoQ+11.2pp

5Y change-0.3pp

10Y change+1.5pp

Avalon Holdings Corp.'s net profit margin was 4.2% in Q2 2026, showing the share of revenue converted to profit. This is up 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.2 percentage points.

Return on Equity

2.3%

YoY+1.6pp

QoQ+5.7pp

5Y change+0.4pp

10Y change+1.2pp

Avalon Holdings Corp.'s ROE was 2.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.7 percentage points.

Capital Allocation

Capital Expenditures

$640K

YoY+119.2%

QoQ+21.9%

5Y CAGR-11.1%

10Y CAGR-7.3%

Avalon Holdings Corp. invested $640K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 119.2% from the same quarter a year earlier. Against the prior quarter it is up 21.9%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

AWX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AWX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$85.8M	$83.5M-0.3%	$83.8M+3.6%	$80.9M-0.3%	$81.2M+15.3%	$70.4M+19.9%	$58.7M-14.1%	$68.4M+9.8%	$62.2M+11.4%	$55.8M-9.0%	$61.4M+15.6%	$53.1M+3.1%	$51.5M-13.4%	$59.5M+21.6%	$48.9M-9.4%	$54.0M
Cost of Revenue	$68.2M	$67.2M+1.0%	$66.6M-0.3%	$66.7M	N/A	N/A	N/A	N/A	N/A	N/A	$50.5M+14.3%	$44.2M+3.5%	$42.7M-13.9%	$49.6M+23.0%	$40.3M-10.4%	$45.0M
Gross Profit	$17.6M	$16.3M-5.2%	$17.2M+21.6%	$14.2M	N/A	N/A	N/A	N/A	N/A	N/A	$10.8M+21.8%	$8.9M+1.2%	$8.8M-11.0%	$9.9M+15.2%	$8.6M-4.9%	$9.0M
SG&A Expenses	$10.8M	$10.5M+2.5%	$10.2M+0.2%	$10.2M+0.9%	$10.1M+2.6%	$9.9M+13.9%	$8.7M-8.0%	$9.4M+4.8%	$9.0M+6.5%	$8.5M+3.0%	$8.2M+7.4%	$7.6M-4.9%	$8.0M+0.8%	$8.0M+7.1%	$7.4M+2.3%	$7.3M
Operating Income	$3.0M	$2.0M-34.1%	$3.1M+2670.3%	$111K-68.0%	$347K-38.1%	$561K+352.4%	$124K-6.8%	$133K+104.9%	-$2.7M-895.6%	-$271K-45.7%	-$186K+85.7%	-$1.3M+6.7%	-$1.4M-615.1%	$271K+154.1%	-$501K-742.3%	$78K
EBITDA	N/A	$5.8M-16.5%	$7.0M+77.3%	$3.9M+2.8%	$3.8M+4.3%	$3.7M+21.1%	$3.0M+14.2%	$2.7M+1383.2%	$179K-93.4%	$2.7M+3.6%	$2.6M+109.1%	$1.3M+65.7%	$759K-60.2%	$1.9M+68.2%	$1.1M-34.9%	$1.7M
Interest Expense	$2.0M	$2.0M+0.1%	$2.0M-2.8%	$2.1M+43.3%	$1.5M+26.4%	$1.2M-4.3%	$1.2M+44.6%	$837K+24.0%	$675K-3.4%	$699K+84.4%	$379K+157.8%	$147K+153.4%	$58K+163.6%	$22K+69.2%	$13K-7.1%	$14K
Income Tax	$99K	$82K-8.9%	$90K+57.9%	$57K-39.4%	$94K+5.6%	$89K-9.2%	$98K-38.8%	$160K-4.2%	$167K+36.9%	$122K-2.4%	$125K+111.9%	$59K-19.2%	$73K-24.7%	$97K+36.6%	$71K-20.2%	$89K
Net Income	$1.2M	$321K-75.6%	$1.3M+174.3%	-$1.8M-204.5%	-$583K-129.6%	$2.0M+13978.6%	$14K+103.1%	-$455K+60.2%	-$1.1M-272.6%	-$307K-344.9%	-$69K+90.3%	-$712K+34.1%	-$1.1M-346.6%	$438K+234.4%	-$326K-142.0%	$776K
EPS (Basic)	N/A	$0.08-76.5%	$0.34+173.9%	-$0.46-206.7%	-$0.15-129.4%	$0.51	$0.00+100.0%	-$0.12	N/A	N/A	N/A	N/A	-$0.28-333.3%	$0.12+233.3%	-$0.09-145.0%	$0.20
EPS (Diluted)	—	N/A	N/A	N/A	-$0.15-130.0%	$0.50	$0.00+100.0%	-$0.12	N/A	N/A	N/A	N/A	-$0.28-354.5%	$0.11+222.2%	-$0.09-145.0%	$0.20
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	4M-0.9%	4M+1.4%	4M+0.1%	4M+1.6%	4M+0.3%	4M0.0%	4M0.0%	4M0.0%	4M-7.0%	4M+7.5%	4M-1.3%	4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$20.9M+3.2%	$17.7M+9.9%	$21.5M+21.7%	$25.7M+6.2%	$20.3M-12.2%	$16.1M-14.8%	$17.6M-0.3%	$24.2M+1.3%
Cost of Revenue	$16.0M-0.5%	$14.8M+8.0%	$17.8M+22.3%	$19.6M+7.5%	$16.1M-10.4%	$13.7M-13.3%	$14.6M	$18.3M
Gross Profit	$4.9M+17.3%	$2.9M+21.1%	$3.7M+19.0%	$6.1M+2.3%	$4.2M-18.3%	$2.4M-22.4%	$3.1M	$6.0M
SG&A Expenses	$2.6M+6.1%	$2.7M+5.0%	$2.7M+17.0%	$2.8M+3.9%	$2.5M-7.6%	$2.6M-1.5%	$2.3M-4.3%	$2.7M-3.4%
Operating Income	$1.4M+81.1%	-$736K+36.1%	$80K+159.7%	$2.3M+3.2%	$750K-48.2%	-$1.2M-124.4%	-$134K+62.7%	$2.3M+64.1%
EBITDA	$2.3M+33.2%	$193K+206.6%	$1.0M+24.7%	$3.3M+0.9%	$1.7M-30.0%	-$181K-138.8%	$815K+33.8%	$3.2M+38.3%
Interest Expense	$504K-1.2%	$504K-1.2%	$510K+0.2%	$512K+2.0%	$510K-2.1%	$510K+0.4%	$509K-2.9%	$502K-5.3%
Income Tax	$30K+3.4%	$41K+64.0%	-$17K+52.8%	$45K+7.1%	$29K-34.1%	$25K-37.5%	-$36K0.0%	$42K+7.7%
Net Income	$884K+222.6%	-$1.2M+17.6%	-$356K+28.4%	$1.9M+3.4%	$274K-71.3%	-$1.5M-53.1%	-$497K+40.2%	$1.8M+107.9%
EPS (Basic)	$0.23+228.6%	-$0.32+15.8%	-$0.09+30.8%	$0.49+4.3%	$0.07-70.8%	-$0.38-52.0%	-$0.13+40.9%	$0.47+104.3%

Not reported in any period shown, so not listed: R&D Expenses, EPS (Diluted), Diluted Shares (Avg).

AWX Balance Sheet

AWX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$87.4M+1.4%	$86.2M-2.0%	$88.0M-2.0%	$89.8M+15.0%	$78.0M+0.1%	$78.0M-1.5%	$79.2M+22.2%	$64.8M-0.9%	$65.4M-3.7%	$67.9M+9.0%	$62.3M+7.7%	$57.8M+4.1%	$55.6M+10.8%	$50.2M-6.0%	$53.4M
Current Assets	$17.0M+16.5%	$14.6M+3.6%	$14.0M-12.7%	$16.1M+0.7%	$16.0M+4.7%	$15.3M-2.2%	$15.6M-0.1%	$15.6M+21.1%	$12.9M-13.5%	$14.9M+16.7%	$12.8M-12.1%	$14.6M-31.3%	$21.2M+16.5%	$18.2M-14.3%	$21.2M
Cash & Equivalents	$4.1M+46.8%	$2.8M+136.1%	$1.2M-26.9%	$1.6M-50.1%	$3.3M-22.7%	$4.2M+191.1%	$1.4M+2.8%	$1.4M+37.2%	$1.0M-55.4%	$2.3M+26.7%	$1.8M-58.1%	$4.3M-55.8%	$9.8M+24.2%	$7.9M+7.7%	$7.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.6M-0.2%	$1.6M-6.3%	$1.7M+13.8%	$1.5M+32.2%	$1.1M+21.4%	$910K+11.9%	$813K-0.9%	$820K-3.5%	$850K+10.0%	$773K-6.9%	$830K-12.4%	$947K+16.2%	$815K	N/A	N/A
Accounts Receivable	$9.8M+14.2%	$8.6M-9.5%	$9.5M-14.6%	$11.1M+12.0%	$9.9M+13.6%	$8.7M-27.2%	$12.0M-1.5%	$12.2M+23.1%	$9.9M-12.7%	$11.3M+18.5%	$9.6M+9.5%	$8.8M-14.2%	$10.2M+10.4%	$9.2M-28.3%	$12.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$49.0M+1.8%	$48.2M-6.0%	$51.2M0.0%	$51.3M+31.5%	$39.0M-4.6%	$40.9M-3.0%	$42.1M+54.4%	$27.3M+1.3%	$26.9M-7.6%	$29.2M+24.0%	$23.5M+27.8%	$18.4M+21.4%	$15.2M+47.2%	$10.3M-23.2%	$13.4M
Current Liabilities	$16.8M+8.8%	$15.5M-13.7%	$17.9M-5.0%	$18.9M+4.6%	$18.0M+4.9%	$17.2M-9.7%	$19.0M+16.5%	$16.3M+24.5%	$13.1M-10.7%	$14.7M+20.8%	$12.1M+15.1%	$10.6M-9.4%	$11.6M+15.6%	$10.1M-23.6%	$13.2M
Non-Current Liabilities	$32.2M-1.5%	$32.7M-2.0%	$33.3M+2.9%	$32.4M+54.7%	$20.9M-11.5%	$23.7M+2.4%	$23.1M+110.7%	$11.0M-20.7%	$13.8M-4.5%	$14.5M+27.3%	$11.4M+44.8%	$7.9M+123.5%	$3.5M+1469.2%	$224K-1.3%	$227K
Long-Term Debt	$28.0M-2.1%	$28.6M-2.0%	$29.2M-1.8%	$29.8M+53.6%	$19.4M-11.7%	$21.9M+1.7%	$21.6M+112.2%	$10.2M-5.4%	$10.7M-4.9%	$11.3M	N/A	N/A	N/A	N/A	N/A
Total Equity	$38.4M+0.8%	$38.0M+3.6%	$36.7M-4.6%	$38.5M-1.5%	$39.1M+5.3%	$37.1M+0.2%	$37.0M-1.2%	$37.5M-2.5%	$38.4M-0.8%	$38.7M-0.1%	$38.8M-1.7%	$39.4M-2.4%	$40.4M+1.4%	$39.9M-0.2%	$40.0M
Retained Earnings	-$20.9M+1.5%	-$21.2M+5.9%	-$22.5M-8.6%	-$20.8M-2.9%	-$20.2M+8.9%	-$22.1M+0.1%	-$22.2M-2.1%	-$21.7M-5.6%	-$20.6M-1.5%	-$20.3M-0.3%	-$20.2M-3.7%	-$19.5M-5.9%	-$18.4M+2.3%	-$18.8M-1.8%	-$18.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$87.6M-0.5%	$87.5M-0.1%	$87.4M+1.4%	$90.7M+1.8%	$88.1M-4.0%	$87.6M-3.3%	$86.2M-2.0%	$89.1M-1.0%
Current Assets	$18.5M+7.2%	$17.7M+8.4%	$17.0M+16.5%	$20.2M+17.3%	$17.3M-10.0%	$16.3M-6.0%	$14.6M+3.6%	$17.2M+9.1%
Cash & Equivalents	$4.8M+29.1%	$2.4M+87.4%	$4.1M+46.8%	$4.6M+15.3%	$3.7M-1.6%	$1.3M+9.1%	$2.8M+136.1%	$3.9M+486.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.8M+1.7%	$1.8M-3.9%	$1.6M-0.2%	$1.7M-1.6%	$1.8M-3.6%	$1.8M-0.8%	$1.6M-6.3%	$1.7M-0.2%
Accounts Receivable	$10.2M+2.8%	$11.8M+4.3%	$9.8M+14.2%	$12.5M+24.9%	$9.9M-14.0%	$11.4M-7.4%	$8.6M-9.5%	$10.0M-13.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$49.6M-3.2%	$50.4M-1.3%	$49.0M+1.8%	$52.0M+2.7%	$51.2M-6.9%	$51.1M-6.9%	$48.2M-6.0%	$50.6M-3.6%
Current Liabilities	$18.1M-4.2%	$18.5M-1.0%	$16.8M+8.8%	$19.9M+12.7%	$18.9M-15.0%	$18.6M-14.4%	$15.5M-13.7%	$17.7M-12.2%
Non-Current Liabilities	$31.5M-2.6%	$32.0M-1.5%	$32.2M-1.5%	$32.1M-2.6%	$32.3M-1.4%	$32.5M-1.9%	$32.7M-2.0%	$32.9M+1.7%
Long-Term Debt	$27.7M-2.2%	$27.9M-2.2%	$28.0M-2.1%	$28.2M-2.1%	$28.3M-2.1%	$28.5M-2.0%	$28.6M-2.0%	$28.8M-1.9%
Total Equity	$38.0M+3.2%	$37.1M+1.6%	$38.4M+0.8%	$38.7M+0.5%	$36.8M+0.3%	$36.5M+2.2%	$38.0M+3.6%	$38.5M+2.6%
Retained Earnings	-$21.2M+5.3%	-$22.1M+2.6%	-$20.9M+1.5%	-$20.5M+0.9%	-$22.4M+0.5%	-$22.7M+3.4%	-$21.2M+5.9%	-$20.7M+4.5%

Not reported in any period shown, so not listed: Goodwill.

AWX Cash Flow Statement

AWX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.5M	$3.8M+12.2%	$3.4M+43.2%	$2.4M+4.2%	$2.3M-4.4%	$2.4M-8.1%	$2.6M-18.4%	$3.1M+3.0%	$3.1M+145.0%	$1.2M-51.8%	$2.6M+36.8%	$1.9M+3401.9%	$54K-95.7%	$1.3M-36.7%	$2.0M-28.9%	$2.8M
Depreciation & Amortization	N/A	$3.8M-2.6%	$3.9M+2.1%	$3.8M+9.8%	$3.5M+11.9%	$3.1M+7.0%	$2.9M+15.3%	$2.5M-12.3%	$2.9M-4.0%	$3.0M+6.4%	$2.8M+10.0%	$2.6M+18.8%	$2.2M+31.7%	$1.6M+0.1%	$1.6M-1.7%	$1.7M
Stock-Based Compensation	N/A	N/A	$0-100.0%	$1K-75.0%	$4K-20.0%	$5K-16.7%	$6K0.0%	$6K0.0%	$6K-50.0%	$12K-58.6%	$29K-48.2%	$56K-30.0%	$80K-32.2%	$118K-49.4%	$233K+18.3%	$197K
Capital Expenditures	$2.2M	$1.7M-23.3%	$2.3M-42.2%	$3.9M-39.0%	$6.4M+44.5%	$4.4M-2.7%	$4.5M-36.5%	$7.2M+128.2%	$3.1M+75.3%	$1.8M-40.3%	$3.0M-64.8%	$8.5M+10.9%	$7.7M+224.2%	$2.4M+61.8%	$1.5M+3.6%	$1.4M
Free Cash Flow	$1.3M	$2.1M+83.6%	$1.1M+172.6%	-$1.5M+62.7%	-$4.1M-100.6%	-$2.1M-4.2%	-$2.0M+50.7%	-$4.0M-4912.5%	-$80K+85.2%	-$541K-31.6%	-$411K+93.8%	-$6.6M+13.1%	-$7.6M-586.2%	-$1.1M-312.6%	$523K-62.2%	$1.4M
Investing Cash Flow	-$2.2M	-$1.7M+23.1%	-$2.2M+42.4%	-$3.9M+39.0%	-$6.4M-44.6%	-$4.4M+2.0%	-$4.5M+37.4%	-$7.2M-64.6%	-$4.4M-144.7%	-$1.8M+40.3%	-$3.0M+64.8%	-$8.5M+13.9%	-$9.9M-322.1%	-$2.3M-64.9%	-$1.4M-37.0%	-$1.0M
Financing Cash Flow	-$998K	-$973K-18.9%	-$818K-186.7%	$944K-91.6%	$11.2M+1133.5%	-$1.1M-177.4%	$1.4M-87.0%	$10.8M+1832.8%	-$622K+23.4%	-$812K-190.6%	$896K-78.2%	$4.1M-5.9%	$4.4M+46.0%	$3.0M+149950.0%	-$2K-100.0%	-$1K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$3.0M-0.8%	-$1.3M-28.1%	$278K+148.0%	$1.5M+324.9%	$3.0M-5.2%	-$982K-338.9%	-$579K-427.1%	$342K+205.9%
Depreciation & Amortization	$927K-3.9%	$929K-4.2%	$936K-1.4%	$932K-4.4%	$965K-3.7%	$970K-1.0%	$949K-2.0%	$975K+1.2%
Stock-Based Compensation	N/A	N/A	N/A	N/A	$0	$0	N/A	$0
Capital Expenditures	$640K+119.2%	$525K+34.6%	$444K-19.0%	$601K-40.0%	$292K-16.1%	$390K+9.9%	$548K-20.1%	$1.0M+0.1%
Free Cash Flow	$2.4M-13.5%	-$1.8M-30.0%	-$166K+85.3%	$852K+229.1%	$2.7M-3.8%	-$1.4M-2550.0%	-$1.1M-121.4%	-$660K+50.2%
Investing Cash Flow	-$640K-119.2%	-$525K-34.6%	-$444K+19.0%	-$601K+40.0%	-$292K+16.1%	-$390K-12.1%	-$548K+20.1%	-$1.0M-0.1%
Financing Cash Flow	-$289K-9.9%	-$182K+0.5%	-$240K-20.6%	-$287K-17.6%	-$263K-22.3%	-$183K-14.4%	-$199K-124.1%	-$244K-17.3%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

AWX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AWX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	19.6%-1.0pp	20.6%+3.0pp	17.5%	N/A	N/A	N/A	N/A	N/A	N/A	17.7%+0.9pp	16.8%-0.3pp	17.1%+0.5pp	16.6%-0.9pp	17.5%+0.9pp	16.7%
Operating Margin	2.4%-1.3pp	3.7%+3.5pp	0.1%-0.3pp	0.4%-0.4pp	0.8%+0.6pp	0.2%0.0pp	0.2%+4.5pp	-4.3%-3.9pp	-0.5%-0.2pp	-0.3%+2.2pp	-2.5%+0.3pp	-2.7%-3.2pp	0.5%+1.5pp	-1.0%-1.2pp	0.1%
Net Margin	0.4%-1.2pp	1.6%+3.8pp	-2.2%-1.5pp	-0.7%-3.5pp	2.8%+2.8pp	0.0%+0.7pp	-0.7%+1.2pp	-1.8%-1.3pp	-0.5%-0.4pp	-0.1%+1.2pp	-1.3%+0.8pp	-2.1%-2.8pp	0.7%+1.4pp	-0.7%-2.1pp	1.4%
Return on Equity	0.8%-2.6pp	3.5%+8.3pp	-4.8%-3.3pp	-1.5%-6.6pp	5.0%+5.0pp	0.0%+1.3pp	-1.2%+1.8pp	-3.0%-2.3pp	-0.8%-0.6pp	-0.2%+1.7pp	-1.8%+0.9pp	-2.7%-3.8pp	1.1%+1.9pp	-0.8%-2.8pp	1.9%
Return on Assets	0.4%-1.2pp	1.5%+3.5pp	-2.0%-1.4pp	-0.7%-3.2pp	2.5%+2.5pp	0.0%+0.6pp	-0.6%+1.2pp	-1.8%-1.3pp	-0.5%-0.4pp	-0.1%+1.0pp	-1.1%+0.7pp	-1.9%-2.7pp	0.8%+1.4pp	-0.7%-2.1pp	1.5%
Current Ratio	1.01+0.1x	0.94+0.2x	0.78-0.1x	0.850.0x	0.890.0x	0.89+0.1x	0.82-0.1x	0.960.0x	0.980.0x	1.020.0x	1.05-0.3x	1.38-0.4x	1.820.0x	1.81+0.2x	1.61
Debt-to-Equity	0.730.0x	0.750.0x	0.800.0x	0.77+0.3x	0.50-0.1x	0.590.0x	0.58+0.3x	0.270.0x	0.280.0x	0.29-0.3x	0.61+0.1x	0.47+0.1x	0.38+0.1x	0.26-0.1x	0.34
Asset Turnover	0.960.0x	0.97+0.1x	0.920.0x	0.900.0x	0.90+0.1x	0.75-0.1x	0.86-0.1x	0.96+0.1x	0.850.0x	0.90+0.1x	0.850.0x	0.89-0.2x	1.07+0.1x	0.970.0x	1.01
FCF Margin	2.5%+1.1pp	1.3%+3.3pp	-1.9%+3.2pp	-5.1%-2.2pp	-2.9%+0.4pp	-3.4%+2.5pp	-5.9%-5.7pp	-0.1%+0.8pp	-1.0%-0.3pp	-0.7%+11.8pp	-12.5%+2.3pp	-14.8%-13.0pp	-1.9%-2.9pp	1.1%-1.5pp	2.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	23.4%+2.8pp	16.3%+1.5pp	17.2%-0.4pp	23.7%-0.9pp	20.6%-1.6pp	14.8%-1.4pp	17.5%	24.6%
Operating Margin	6.5%+2.8pp	-4.2%+3.0pp	0.4%+1.1pp	9.1%-0.3pp	3.7%-2.6pp	-7.2%-4.4pp	-0.8%+1.3pp	9.4%+3.6pp
Net Margin	4.2%+2.9pp	-7.0%+2.3pp	-1.7%+1.2pp	7.4%-0.2pp	1.4%-2.8pp	-9.3%-4.1pp	-2.8%+1.9pp	7.6%+3.9pp
Return on Equity	2.3%+1.6pp	-3.3%+0.8pp	-0.9%+0.4pp	4.9%+0.1pp	0.7%-1.9pp	-4.1%-1.4pp	-1.3%+1.0pp	4.8%+2.4pp
Return on Assets	1.0%+0.7pp	-1.4%+0.3pp	-0.4%+0.2pp	2.1%0.0pp	0.3%-0.7pp	-1.7%-0.6pp	-0.6%+0.4pp	2.1%+1.1pp
Current Ratio	1.02+0.1x	0.96+0.1x	1.01+0.1x	1.010.0x	0.91+0.1x	0.88+0.1x	0.94+0.2x	0.97+0.2x
Debt-to-Equity	0.730.0x	0.750.0x	0.730.0x	0.730.0x	0.770.0x	0.780.0x	0.750.0x	0.750.0x
Asset Turnover	0.240.0x	0.200.0x	0.250.0x	0.280.0x	0.230.0x	0.180.0x	0.200.0x	0.270.0x
FCF Margin	11.3%-2.2pp	-10.1%-1.6pp	-0.8%+5.6pp	3.3%+6.0pp	13.5%+1.2pp	-8.5%-8.8pp	-6.4%-3.5pp	-2.7%+2.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Avalon Holdings Corp. AWX	FY2025	$83.5M	$321K	0.4%	$9.6M	30/100
CDT Environmental Technology Investment Holdings Limited CDTG	FY2025	$18.2M	-$10.2M	-56.0%	$3.7M	18/100
Decent Holding Inc DXST	FY2025	$12.9M	-$322K	-2.5%	$4.1M	54/100
Aqua Metals, Inc. AQMS	FY2025	N/A	-$22.6M	N/A	$7.2M	—
Greenwave Technology Solutions, Inc. GWAV	FY2025	$46.7M	-$21.6M	-46.3%	$2.1M	30/100
Quest Resource Holding Corporation QRHC	FY2025	$250.2M	-$15.4M	-6.2%	$29.1M	26/100

Where Avalon Holdings Corp. Ranks

Frequently Asked Questions

What is Avalon Holdings Corp.'s annual revenue?

Avalon Holdings Corp. (AWX) reported $83.5M in total revenue for fiscal year 2025. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Avalon Holdings Corp.'s revenue growing?

Avalon Holdings Corp. (AWX) revenue declined by 0.3% year-over-year, from $83.8M to $83.5M in fiscal year 2025.

Is Avalon Holdings Corp. profitable?

Yes, Avalon Holdings Corp. (AWX) reported a net income of $321K in fiscal year 2025, with a net profit margin of 0.4%.

What is Avalon Holdings Corp.'s EBITDA?

Avalon Holdings Corp. (AWX) had EBITDA of $5.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Avalon Holdings Corp. have?

As of fiscal year 2025, Avalon Holdings Corp. (AWX) had $4.1M in cash and equivalents against $28.0M in long-term debt.

What is Avalon Holdings Corp.'s gross margin?

Avalon Holdings Corp. (AWX) had a gross margin of 19.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Avalon Holdings Corp.'s operating margin?

Avalon Holdings Corp. (AWX) had an operating margin of 2.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Avalon Holdings Corp.'s net profit margin?

Avalon Holdings Corp. (AWX) had a net profit margin of 0.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Avalon Holdings Corp.'s return on equity (ROE)?

Avalon Holdings Corp. (AWX) has a return on equity of 0.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Avalon Holdings Corp.'s free cash flow?

Avalon Holdings Corp. (AWX) generated $2.1M in free cash flow during fiscal year 2025. This represents a 83.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Avalon Holdings Corp.'s operating cash flow?

Avalon Holdings Corp. (AWX) generated $3.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Avalon Holdings Corp.'s total assets?

Avalon Holdings Corp. (AWX) had $87.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Avalon Holdings Corp.'s capital expenditures?

Avalon Holdings Corp. (AWX) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Avalon Holdings Corp.'s current ratio?

Avalon Holdings Corp. (AWX) had a current ratio of 1.01 as of fiscal year 2025, which is considered adequate.

What is Avalon Holdings Corp.'s debt-to-equity ratio?

Avalon Holdings Corp. (AWX) had a debt-to-equity ratio of 0.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Avalon Holdings Corp.'s return on assets (ROA)?

Avalon Holdings Corp. (AWX) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Avalon Holdings Corp.'s P/E ratio?

Avalon Holdings Corp. (AWX) trades at 8.1x earnings, its market capitalization divided by net income of $1.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $9.6M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Avalon Holdings Corp.'s price-to-sales ratio?

Avalon Holdings Corp. (AWX) trades at 0.1x sales, its market capitalization divided by revenue of $85.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $9.6M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Avalon Holdings Corp.'s Altman Z-Score?

Avalon Holdings Corp. (AWX) has an Altman Z-Score of 0.82, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Avalon Holdings Corp.'s Piotroski F-Score?

Avalon Holdings Corp. (AWX) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Avalon Holdings Corp.'s earnings high quality?

Avalon Holdings Corp. (AWX) has an earnings quality ratio of 11.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Avalon Holdings Corp. cover its interest payments?

Avalon Holdings Corp. (AWX) has an interest coverage ratio of 0.99x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Avalon Holdings Corp.?

Avalon Holdings Corp. (AWX) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.