Avalon Holdings Corp (AWX) Financial Statements
Industry: Refuse Systems
In fiscal 2025, Avalon reported revenue of $83.5M, down 0.3% from $83.8M the year before. Net income was $321,000 (a 0.4% net margin). Gross margin was 19.5% and operating margin was 2.4%. Operating activities generated $3.8M of cash, leaving $2.1M of free cash flow. At fiscal year end, Avalon held $87.4M in total assets against $49.0M in total liabilities, including $4.1M of cash and equivalents.
Open the full interactive Avalon financials → Quarterly statements, key ratios, valuation history and price charts.
Avalon Key Stats
| Share Price | $2.45 |
|---|---|
| Market Cap | $9.6M |
| P/E Ratio | 30.6 |
| Revenue YoY Growth | -0.3% |
| 52-Week Range | $2.43 – $5.05 |
| Shares Outstanding | 3.9 million (basic, 2026 Q2) |
Avalon Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $58.7M | $70.4M | $81.2M | $80.5M | $83.8M | $83.5M |
| Cost of Goods Sold | — | — | — | — | $66.6M | $67.2M |
| Gross Profit | — | — | — | — | $17.2M | $16.3M |
| Operating Income | $124,000 | $561,000 | $347,000 | -$273,000 | $3.1M | $2.0M |
| Pre-Tax Income | $52,000 | $1.7M | -$886,000 | -$2.0M | $1.0M | -$17,000 |
| Income Tax | $98,000 | $89,000 | $94,000 | $57,000 | $90,000 | $82,000 |
| Net Income | $14,000 | $2.0M | -$583,000 | -$1.8M | $1.3M | $321,000 |
| Diluted EPS | — | $0.50 | -$0.15 | — | — | — |
Avalon Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $25.7M | $21.5M | $17.7M | $20.9M |
| Net Income | $1.9M | -$356,000 | -$1.2M | $884,000 |
Avalon Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.2M | $3.3M | $1.6M | $1.2M | $2.8M | $4.1M |
| Current Assets | $15.3M | $16.0M | $16.1M | $14.0M | $14.6M | $17.0M |
| Total Assets | $78.0M | $78.0M | $89.8M | $88.0M | $86.2M | $87.4M |
| Current Liabilities | $17.2M | $18.0M | $18.9M | $17.9M | $15.5M | $16.8M |
| Total Long-Term Debt | $23.5M | $20.5M | $30.3M | $29.8M | $29.2M | $28.6M |
| Total Liabilities | $40.9M | $39.0M | $51.3M | $51.2M | $48.2M | $49.0M |
| Shareholders' Equity | $37.1M | $39.1M | $38.5M | $36.7M | $38.0M | $38.4M |
Avalon Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.6M | $2.4M | $2.3M | $2.4M | $3.4M | $3.8M |
| Cash From Investing | -$4.5M | -$4.4M | -$6.4M | -$3.9M | -$2.2M | -$1.7M |
| Cash From Financing | $1.4M | -$1.1M | $11.2M | $944,000 | -$818,000 | -$973,000 |
| Free Cash Flow | -$2.0M | -$2.1M | -$4.1M | -$1.5M | $1.1M | $2.1M |
Figures from Avalon's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Avalon financials page for every line item.
Avalon Company Profile
| Ticker | AWX |
|---|---|
| Exchange | NYSE |
| Industry | Refuse Systems |
| Headquarters | Warren, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001061069 |
Frequently Asked Questions
What was Avalon's revenue in fiscal 2025?
Avalon (AWX) reported revenue of $83.5M for fiscal 2025.
What is Avalon's annual revenue history?
Avalon's annual revenue by fiscal year: 2020: $58.7M; 2021: $70.4M; 2022: $81.2M; 2023: $80.5M; 2024: $83.8M; 2025: $83.5M.
What was Avalon's net income in fiscal 2025?
Avalon reported net income of $321,000 for fiscal 2025.
How much free cash flow did Avalon generate in fiscal 2025?
Avalon generated $2.1M of free cash flow in fiscal 2025.
What was Avalon's revenue last quarter?
In its most recent reported quarter (2026 Q2), Avalon reported revenue of $20.9M.
How much debt does Avalon have?
Avalon reported $28.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Avalon are outstanding?
Avalon reported a weighted average of 3.9 million basic shares outstanding in 2026 Q2.
What is Avalon's market cap?
Based on its latest closing price, Avalon (AWX) has a market capitalization of about $9.6M.
When does Avalon's fiscal year end?
Avalon's fiscal year end, as registered with the SEC, is December 31.
Where is Avalon headquartered?
Avalon lists its business address in Warren, Ohio in its SEC filings.