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Avalon Holdings (AWX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Avalon Holdings (AWX) Q3 2026 earnings results →
Q3 2026 Revenue down 6% year over year to $24.3M · 11¢ of every $1 of revenue kept as net profit · operating margin 13.0%
Avalon Holdings made $24.3M in Q3 2026 (-6% Y/Y). Operating margin 13.0%, net earnings $2.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $24.3M in Q3 2026, down 6% year over year and up 16% from the previous quarter.
Operating profit was $3.2M, a 13.0% margin (up 3.9 points year over year). Total costs fell 10% while revenue fell 6%. Net earnings were $2.7M, up 41% year over year ($2.6M including minority interests, which bore $70K of losses). The effective tax rate was 1.5%.
Operating cash flow was $2.4M (up 66% year over year), 92% of net income including minority interests. Non-cash charges added back $921K of depreciation and amortization. Working capital and other items used $1.1M. Capital expenditures of $927K left free cash flow of $1.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $24.3M | -6% | 13.0% | $2.7M | $2.4M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $20.9M | +3% | 6.5% | $884K | $3.0M |
| Q1 2026 | 10-Q | May 5, 2026 | $17.7M | +10% | -4.2% | −$1.3M | −$1.3M |
| Q4 2025 | 10-K | Mar 19, 2026 | $21.5M | +22% | 0.4% | −$413K | $278K |
| Q3 2025 | 10-Q | Nov 7, 2025 | $25.7M | +6% | 9.1% | $1.9M | $1.5M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $20.3M | -12% | 3.7% | $274K | $3.0M |
| Q1 2025 | 10-Q | May 7, 2025 | $16.1M | -15% | -7.2% | −$1.7M | −$982K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Avalon Holdings
Avalon Holdings Corporation (“Avalon” or the “Company”) was formed on April 30, 1998 as a subsidiary of American Waste Services, Inc. (“AWS”). On June 17, 1998, AWS distributed, as a special dividend, all of the outstanding shares of capital stock of Avalon to the holders of AWS common stock on a pro rata and corresponding basis (the “Spin-off”). The history and organization of the remaining operations, some of which were contributed to Avalon as a result of the Spin-off, are described below. In June 1990, AWS purchased approximately 5.6 acres of real estate located in Warren, Ohio on which it constructed Avalon’s corporate headquarters. In connection with the acquisition of such property, Avalon Lakes Golf, Inc.
In its own words, from its 10-K, filed Mar 19, 2026.
Avalon Holdings against its Refuse Systems peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median +7%. Operating margin: 13.0% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AWX Avalon Holdings | Q3 2026 | $24.3M | -6% | 13.0% |
| WM Waste Management | Q3 2026 | $6.8B | +6% | 18.7% |
| RSG Republic Services | Q3 2026 | $5.2B | +8% | 17.7% |
| WCN Waste Connections | Q3 2026 | $2.6B | +7% | 20.5% |
| CWST Casella Waste Systems | Q2 2026 | $544M | +17% | 3.7% |
| NVRI Enviri | Q3 2026 | $325M | +0.1% | 7.2% |
| QRHC Quest Resource Holding | Q3 2026 | $63.8M | +0.7% | 2.7% |
| VIVK Vivakor | Q2 2026 | $32.1M | +10% | 0.5% |
| RENX RenX Enterprises | Q2 2026 | $4.3M | +203% | -70.4% |
Source: Avalon Holdings 10-Q on SEC EDGAR · CIK 1061069 · Refuse Systems
Guidance and outlook
13F: who owns AWX and who is buying
More on AWX
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results