14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 0.4% per year over the past 5 years.
Operating margin has contracted, at -8.8% in the latest year.
Financial health
Total debt ($90M) exceeds cash ($90M); net debt is $500000.
Total debt has grown slower than revenue (-12.9% vs -0.4% per year).
Operating income covered interest expense -7.9× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$701M
-$73M
50.5%
-8.8%
$43M
$90M
$90M
2024
$688M
-$392M
55.4%
-57.6%
$83M
$125M
$108M
2023
$673M
-$62M
56.4%
0.6%
$15M
$159M
$88M
2022
$684M
$51M
57.6%
5.2%
$72M
$226M
$128M
2021
$587M
$6M
51.0%
-6.6%
$66M
$130M
$119M
2020
$715M
-$29M
51.9%
-6.8%
-$23M
$180M
$112M
2019
$698M
-$46M
57.7%
-8.0%
-$125M
$248M
$205M
2018
$652M
$58M
59.9%
0.1%
-$195M
$248M
$385M
2017
$612M
$79M
55.1%
-7.0%
$101M
$581M
$220M
2016
$566M
$40M
52.5%
-18.9%
$160M
$579M
$114M
2015
—
-$426M
—
—
$27M
$578M
$130M
2014
—
$27M
—
—
$69M
$627M
$149M
2013
—
$155M
—
—
$175M
$12M
$44M
2012
—
$153M
—
—
$162M
—
$48M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$182M
$5M
51.7%
4.9%
-$17M
$87M
$66M
Dec '25
$181M
-$1M
47.5%
1.4%
$21M
$90M
$90M
Sep '25
$178M
-$1M
48.4%
0.1%
$7M
$93M
$71M
Jun '25
$175M
-$77M
52.6%
-42.6%
-$4M
$96M
$90M
Mar '25
$168M
$7M
53.6%
6.1%
$19M
$98M
$97M
Dec '24
$180M
-$397M
54.6%
-233.0%
$53M
$125M
$108M
Sep '24
$170M
$4M
54.5%
7.0%
$20M
$153M
$89M
Jun '24
$172M
$2M
55.7%
3.7%
$22M
$165M
$92M
Mar '24
$166M
-$900000
57.1%
2.4%
-$12M
$167M
$76M
Dec '23
$173M
$11M
54.8%
6.5%
$7M
$159M
$88M
Sep '23
$171M
-$4M
55.8%
0.7%
$25M
$258M
$107M
Jun '23
$169M
-$68M
57.7%
-1.2%
-$7M
$203M
$82M
Mar '23
$159M
-$500000
57.4%
-3.8%
-$11M
$205M
$96M
Dec '22
$182M
$17M
56.7%
9.1%
$29M
$226M
$128M
Sep '22
$172M
$16M
58.2%
7.4%
$23M
$248M
$117M
Jun '22
$171M
$13M
59.4%
5.9%
$23M
$249M
$107M
Mar '22
$197M
$5M
54.0%
4.4%
-$3M
$254M
$104M
Dec '21
$193M
$12M
51.1%
14.0%
$47M
$130M
$119M
Sep '21
$184M
-$35M
49.0%
1.8%
$18M
$145M
$98M
Jun '21
$186M
$39M
46.0%
-3.9%
$10M
$165M
$100M
Valuation over time
How the market has priced AVNS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 27.6× (Mar '23) to 20.8× (Dec '23).
The price-to-sales ratio has fallen from 2.0× (Mar '23) to 1.7× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is AVNS growing its revenue and profit?
Over the past 5 years, Avanos Medical, Inc.'s revenue has declined 0.4% per year. These are computed facts, not advice.
How much debt does AVNS have?
As of FY2025, Avanos Medical, Inc. reported $90M of total debt against $90M of cash; operating income covered interest expense -7.9×.
What is AVNS's profit margin?
In FY2025, gross margin was 50.5%, operating margin -8.8%, and net margin -10.4%.
What is AVNS's P/E ratio?
As of Jun '26, Avanos Medical, Inc. traded at a price-to-earnings ratio of about 20.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.