NYSE : AVNS
Avanos Medical, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 24.99 USD (At close: Jul 24, 2026) · Market cap 1.17B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Avanos Medical, Inc. (AVNS) reported revenue of 715.90M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 715.90M | 701.20M | 687.80M | 673.30M | 684.10M | 587.00M |
| Cost of Revenue | 357.60M | 347.30M | 306.50M | 293.60M | 289.90M | 287.80M |
| Gross Profit | 358.30M | 353.90M | 381.30M | 379.70M | 394.20M | 299.20M |
| Selling, General & Admin | 326.90M | 325.80M | 330.00M | 335.00M | 326.50M | 257.20M |
| Research & Development | 11.40M | 11.60M | 12.40M | 27.20M | 29.20M | 30.60M |
| Other Operating Expenses | 3.60M | 1.00M | 3.00M | 3.30M | 3.00M | 7.30M |
| Operating Expenses | 341.90M | 338.40M | 345.40M | 365.50M | 358.70M | 295.10M |
| Operating Income | 16.40M | 15.50M | 35.90M | 14.20M | 35.50M | 4.10M |
| Interest Expense | -7.20M | -7.80M | -12.20M | -15.00M | -10.00M | -3.30M |
| Interest & Investment Income | 1.90M | 3.20M | 5.10M | 2.90M | 1.20M | 200.00K |
| EBT Excluding Unusual Items | 11.10M | 10.90M | 28.80M | 2.10M | 26.70M | 1.00M |
| Merger & Restructuring Charges | -2.40M | -1.50M | 800.00K | -28.10M | ||
| Impairment of Goodwill | -77.00M | -77.00M | -336.50M | |||
| Asset Writedown | -100.20M | |||||
| Legal Settlements | 1.40M | -10.00M | -15.00M | |||
| Other Unusual Items | 3.80M | |||||
| Pretax Income | -68.30M | -66.20M | -403.30M | -7.90M | 26.70M | -42.10M |
| Income Tax Expense | 6.10M | 6.70M | -17.00M | 2.00M | 5.20M | -11.20M |
| Earnings From Continuing Operations | -74.40M | -72.90M | -386.30M | -9.90M | 21.50M | -30.90M |
| Earnings From Discontinued Operations | -5.80M | -51.90M | 29.00M | 37.20M | ||
| Net Income | -74.40M | -72.90M | -392.10M | -61.80M | 50.50M | 6.30M |
| Net Income to Common | -74.40M | -72.90M | -392.10M | -61.80M | 50.50M | 6.30M |
| Shares Outstanding (Basic) | 46.40M | 46.30M | 46.00M | 46.60M | 46.90M | 48.10M |
| Shares Outstanding (Diluted) | 46.40M | 46.30M | 46.00M | 46.60M | 47.30M | 48.60M |
| EPS (Basic) | -1.60 | -1.57 | -8.52 | -1.33 | 1.08 | 0.13 |
| EPS (Diluted) | -1.60 | -1.57 | -8.53 | -1.33 | 1.08 | 0.13 |
| Free Cash Flow | 7.50M | 43.10M | 82.90M | 14.60M | 71.60M | 66.30M |
| Free Cash Flow Per Share | 0.16 | 0.93 | 1.80 | 0.31 | 1.51 | 1.36 |
| Gross Margin | 50.05% | 50.47% | 55.44% | 56.39% | 57.62% | 50.97% |
| Operating Margin | 2.29% | 2.21% | 5.22% | 2.11% | 5.19% | 0.70% |
| Profit Margin | -10.39% | -10.40% | -57.01% | -9.18% | 7.38% | 1.07% |
| Free Cash Flow Margin | 1.05% | 6.15% | 12.05% | 2.17% | 10.47% | 11.29% |
| EBITDA | 55.90M | 54.40M | 81.40M | 57.70M | 76.70M | 42.40M |
| EBITDA Margin | 7.81% | 7.76% | 11.83% | 8.57% | 11.21% | 7.22% |
| D&A For EBITDA | 39.50M | 38.90M | 45.50M | 43.50M | 41.20M | 38.30M |
| EBIT | 16.40M | 15.50M | 35.90M | 14.20M | 35.50M | 4.10M |
| EBIT Margin | 2.29% | 2.21% | 5.22% | 2.11% | 5.19% | 0.70% |
| Effective Tax Rate | 19.48% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 65.60M | 89.80M | 107.70M | 87.70M | 127.70M | 118.50M |
| Cash & Short-Term Investments | 65.60M | 89.80M | 107.70M | 87.70M | 127.70M | 118.50M |
| Accounts Receivable | 102.90M | 103.70M | 127.90M | 128.70M | 155.70M | 118.20M |
| Other Receivables | 100.00K | 100.00K | 4.90M | 14.10M | 12.20M | 13.00M |
| Receivables | 103.00M | 103.80M | 132.80M | 142.80M | 167.90M | 131.20M |
| Inventory | 141.30M | 148.00M | 138.80M | 163.20M | 132.30M | 159.30M |
| Prepaid Expenses | 15.10M | 13.80M | 14.10M | 28.80M | 13.90M | 18.60M |
| Other Current Assets | 64.50M | 182.30M | ||||
| Total Current Assets | 325.00M | 355.40M | 393.40M | 487.00M | 624.10M | 427.60M |
| Property, Plant & Equipment | 150.50M | 141.00M | 144.80M | 144.00M | 146.10M | 206.70M |
| Goodwill | 394.00M | 394.90M | 455.60M | 796.10M | 760.30M | 801.60M |
| Other Intangible Assets | 114.70M | 117.80M | 112.30M | 239.50M | 234.20M | 141.20M |
| Long-Term Deferred Tax Assets | 33.00M | 33.10M | 24.90M | 6.50M | 4.60M | 10.00M |
| Other Long-Term Assets | 32.70M | 31.50M | 23.20M | 19.30M | 17.60M | 16.50M |
| Total Assets | 1.05B | 1.07B | 1.15B | 1.69B | 1.79B | 1.60B |
| Accounts Payable | 52.30M | 55.50M | 54.30M | 56.30M | 67.90M | 56.40M |
| Accrued Expenses | 51.00M | 74.40M | 73.30M | 76.50M | 76.60M | 65.10M |
| Current Portion of Long-Term Debt | 10.90M | 10.20M | 9.40M | 8.60M | 6.20M | |
| Current Portion of Leases | 10.40M | 8.20M | 10.90M | 12.80M | 12.00M | 14.70M |
| Current Income Taxes Payable | 6.60M | 16.90M | 18.00M | 16.70M | 21.20M | 3.00M |
| Other Current Liabilities | 63.70M | 7.10M | ||||
| Total Current Liabilities | 131.20M | 165.20M | 165.90M | 234.60M | 191.00M | 139.20M |
| Long-Term Debt | 87.30M | 90.30M | 125.30M | 159.40M | 226.30M | 130.00M |
| Long-Term Leases | 29.80M | 20.40M | 24.60M | 28.30M | 32.50M | 42.80M |
| Long-Term Deferred Tax Liabilities | 5.60M | 6.10M | 5.50M | 23.80M | 25.40M | 11.90M |
| Other Long-Term Liabilities | 14.10M | 13.50M | 4.40M | 10.00M | 20.50M | 9.10M |
| Total Liabilities | 268.00M | 295.50M | 325.70M | 456.10M | 495.70M | 333.00M |
| Common Stock | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Additional Paid-In Capital | 1.70B | 1.69B | 1.68B | 1.66B | 1.65B | 1.63B |
| Retained Earnings | -774.80M | -779.90M | -707.00M | -314.90M | -253.10M | -303.60M |
| Treasury Stock | -103.60M | -102.30M | -99.00M | -85.90M | -66.80M | -21.30M |
| Comprehensive Income & Other | -36.00M | -32.00M | -44.60M | -27.00M | -35.80M | -33.80M |
| Shareholders' Equity | 782.10M | 778.20M | 828.50M | 1.24B | 1.29B | 1.27B |
| Total Liabilities & Equity | 1.05B | 1.07B | 1.15B | 1.69B | 1.79B | 1.60B |
| Total Debt | 138.40M | 129.10M | 170.20M | 209.10M | 277.00M | 187.50M |
| Net Cash (Debt) | -72.80M | -39.30M | -62.50M | -121.40M | -149.30M | -69.00M |
| Net Cash Per Share | -1.57 | -0.85 | -1.36 | -2.61 | -3.16 | -1.42 |
| Filing Date Shares Outstanding | 46.82M | 46.50M | 46.00M | 43.16M | 46.60M | 47.32M |
| Total Common Shares Outstanding | 46.67M | 46.46M | 45.96M | 43.13M | 44.40M | 47.63M |
| Working Capital | 193.80M | 190.20M | 227.50M | 252.40M | 433.10M | 288.40M |
| Book Value Per Share | 16.76 | 16.75 | 18.03 | 28.66 | 29.08 | 26.68 |
| Tangible Book Value | 273.40M | 265.50M | 260.60M | 200.70M | 296.70M | 327.80M |
| Tangible Book Value Per Share | 5.86 | 5.72 | 5.67 | 4.65 | 6.68 | 6.88 |
| Land | 1.30M | 1.30M | 1.10M | 1.30M | 1.10M | 1.10M |
| Buildings | 39.90M | 40.10M | 40.60M | 38.00M | 37.20M | 48.00M |
| Machinery | 201.90M | 199.10M | 186.30M | 182.80M | 168.70M | 223.20M |
| Construction In Progress | 25.40M | 25.00M | 21.40M | 18.00M | 16.40M | 32.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -74.40M | -72.90M | -392.10M | -61.80M | 50.50M | 6.30M |
| Depreciation & Amortization | 39.50M | 38.90M | 45.50M | 43.50M | 41.20M | 38.30M |
| Loss (Gain) From Sale of Assets | 9.20M | 9.30M | 1.20M | 1.90M | 1.10M | 8.00M |
| Asset Writedown & Restructuring Costs | 77.00M | 77.00M | 436.70M | |||
| Stock-Based Compensation | 12.50M | 12.60M | 13.80M | 15.80M | 15.90M | 13.20M |
| Other Operating Activities | -9.50M | -10.40M | -39.40M | -22.40M | -3.00M | |
| Change in Accounts Receivable | 5.50M | 30.90M | -6.60M | 39.00M | -24.70M | -10.80M |
| Change in Inventory | 5.10M | 200.00K | 39.00M | 4.70M | -30.90M | 15.70M |
| Change in Accounts Payable | 4.90M | 600.00K | -900.00K | -14.40M | 35.40M | -11.90M |
| Change in Other Net Operating Assets | -33.10M | -11.50M | 3.50M | -47.30M | -4.10M | 31.50M |
| Operating Cash Flow | 36.70M | 74.70M | 100.70M | 32.40M | 90.90M | 87.30M |
| Capital Expenditures | -29.20M | -31.60M | -17.80M | -17.80M | -19.30M | -21.00M |
| Sale of Property, Plant & Equipment | 4.00M | 4.00M | ||||
| Cash Acquisitions | -28.00M | -28.00M | -49.60M | -116.10M | ||
| Divestitures | 89.00M | |||||
| Investment in Securities | -6.00M | -5.00M | -11.80M | |||
| Other Investing Activities | 2.10M | |||||
| Investing Cash Flow | -59.20M | -60.60M | -27.50M | 21.60M | -135.40M | -21.00M |
| Long-Term Debt Issued | 20.00M | 55.00M | 400.00M | 20.00M | ||
| Total Debt Issued | 20.00M | 55.00M | 400.00M | 20.00M | ||
| Long-Term Debt Repaid | -34.40M | -53.60M | -119.70M | -296.60M | -70.00M | |
| Total Debt Repaid | -9.40M | -34.40M | -53.60M | -119.70M | -296.60M | -70.00M |
| Net Debt Issued (Repaid) | -9.40M | -34.40M | -33.60M | -64.70M | 103.40M | -50.00M |
| Issuance of Common Stock | 700.00K | 700.00K | 1.10M | 1.30M | 1.70M | 6.20M |
| Repurchase of Common Stock | -2.40M | -3.30M | -12.80M | -19.10M | -45.50M | -11.50M |
| Other Financing Activities | -3.80M | -11.70M | -2.90M | |||
| Financing Cash Flow | -11.10M | -37.00M | -49.10M | -94.20M | 56.70M | -55.30M |
| Foreign Exchange Rate Adjustments | 2.20M | 5.00M | -4.10M | 200.00K | -3.00M | -4.00M |
| Net Cash Flow | -31.40M | -17.90M | 20.00M | -40.00M | 9.20M | 7.00M |
| Free Cash Flow | 7.50M | 43.10M | 82.90M | 14.60M | 71.60M | 66.30M |
| Free Cash Flow Margin | 1.05% | 6.15% | 12.05% | 2.17% | 10.47% | 11.29% |
| Free Cash Flow Per Share | 0.16 | 0.93 | 1.80 | 0.31 | 1.51 | 1.36 |
| Levered Free Cash Flow | 17.05M | 46.01M | 102.31M | 178.50M | -85.26M | 51.30M |
| Unlevered Free Cash Flow | 21.55M | 50.89M | 109.94M | 187.88M | -79.01M | 53.36M |
| Cash Interest Paid | 6.50M | 6.50M | 11.50M | 14.70M | 8.10M | 3.00M |
| Cash Income Tax Paid | 14.10M | 14.10M | 3.30M | 23.60M | -2.90M | -45.00M |
| Change in Working Capital | -17.60M | 20.20M | 35.00M | -18.00M | -24.30M | 24.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.17B | 521.28M | 687.12M | 1.05B | 1.27B | 1.66B |
| Enterprise Value | 1.24B | 584.48M | 800.32M | 1.24B | 1.46B | 1.77B |
| Last Close Price | 24.99 | 11.23 | 15.92 | 22.43 | 27.06 | 34.67 |
| PE Ratio | 25.14 | 263.28 | ||||
| Forward PE | 21.73 | 11.70 | 10.10 | 15.65 | 15.89 | 23.16 |
| PS Ratio | 1.64 | 0.74 | 1.00 | 1.55 | 1.86 | 2.83 |
| PB Ratio | 1.49 | 0.67 | 0.83 | 0.85 | 0.98 | 1.30 |
| P/TBV Ratio | 4.28 | 1.96 | 2.64 | 5.21 | 4.28 | 5.06 |
| P/FCF Ratio | 156.10 | 12.10 | 8.29 | 71.60 | 17.73 | 25.02 |
| P/OCF Ratio | 31.90 | 6.98 | 6.82 | 32.26 | 13.97 | 19.00 |
| PEG Ratio | 2.70 | 0.48 | 2.34 | 0.89 | 1.30 | |
| EV/Sales Ratio | 1.74 | 0.83 | 1.16 | 1.85 | 2.13 | 3.01 |
| EV/EBITDA Ratio | 10.74 | 9.83 | 21.58 | 18.99 | 41.67 | |
| EV/EBIT Ratio | 37.71 | 22.29 | 87.67 | 41.04 | 430.89 | |
| EV/FCF Ratio | 165.80 | 13.56 | 9.65 | 85.27 | 20.35 | 26.65 |
| Debt / Equity Ratio | 0.18 | 0.17 | 0.20 | 0.17 | 0.21 | 0.15 |
| Debt / EBITDA Ratio | 2.06 | 1.95 | 1.79 | 2.89 | 3.04 | 3.28 |
| Debt / FCF Ratio | 18.45 | 3.00 | 2.05 | 14.32 | 3.87 | 2.83 |
| Net Debt / Equity Ratio | 0.09 | 0.05 | 0.07 | 0.10 | 0.12 | 0.05 |
| Net Debt / EBITDA Ratio | 1.30 | 0.72 | 0.77 | 2.10 | 1.95 | 1.63 |
| Net Debt / FCF Ratio | 9.71 | 0.91 | 0.75 | 8.31 | 2.08 | 1.04 |
| Asset Turnover | 0.66 | 0.63 | 0.48 | 0.39 | 0.40 | 0.36 |
| Inventory Turnover | 2.56 | 2.42 | 2.03 | 1.99 | 1.99 | 1.75 |
| Quick Ratio | 1.28 | 1.17 | 1.45 | 0.98 | 1.55 | 1.79 |
| Current Ratio | 2.48 | 2.15 | 2.37 | 2.08 | 3.27 | 3.07 |
| Return on Equity (ROE) | -9.18% | -9.07% | -37.42% | -0.78% | 1.68% | -2.44% |
| Return on Assets (ROA) | 0.95% | 0.87% | 1.58% | 0.51% | 1.31% | 0.16% |
| Return on Invested Capital (ROIC) | 1.96% | 1.81% | 3.19% | 1.01% | 2.06% | 0.30% |
| Return on Capital Employed (ROCE) | 1.80% | 1.70% | 3.60% | 1.00% | 2.20% | 0.30% |
| Earnings Yield | -6.35% | -13.98% | -57.06% | -5.91% | 3.98% | 0.38% |
| FCF Yield | 0.64% | 8.27% | 12.06% | 1.40% | 5.64% | 4.00% |
| Buyback Yield / Dilution | -0.92% | -0.65% | 1.29% | 1.48% | 2.67% | -1.67% |