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Avanos Medical share price

Avanos Medical, Inc. · AVNS · Healthcare · Medical Devices · last close in our records 24 July 2026 · results updated weekly · All US stock lists

Avanos Medical share price: $24.99 at the close on 24 July 2026, the latest close in our records, +108.1% in a year.

$24.99Price +108.1% in a year
$182 MRevenue (Mar 2026) +8.8% on a year ago
$5.1 MProfit (Mar 2026) −22.7% on a year ago
5.4%Operating margin +0.1 points on a year ago
−9%ROE FY25
2.0%ROIC against a 12.0% cost of capital: −10.0 points

Avanos Medical, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. Over the last four quarters, results have been improving, with profit −22.7% on a year earlier, and 314% of the last 2 years' profit came in as cash. What will decide it: the next one or two quarters of results.

What is the Avanos Medical share price?

Avanos Medical, Inc.'s share price was $24.99 at the close on 24 July 2026. That is 47.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between $11 and $25, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running.

Jul 2026: $24.99, 47.7% above its 200-day average.

  • Price $24.99
  • 50-day avg $24.90
  • 200-day avg $16.92
Jul 2026: $24.99, 47.7% above its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$11.93––
18 Jul 2025$11.22––
25 Jul 2025$12.01––
1 Aug 2025$10.98––
8 Aug 2025$10.82––
15 Aug 2025$11.20––
22 Aug 2025$11.71––
29 Aug 2025$11.94––
5 Sep 2025$12.72––
12 Sep 2025$12.22––
19 Sep 2025$11.91$11.62–
26 Sep 2025$11.77$11.64–
3 Oct 2025$11.79$11.62–
10 Oct 2025$10.70$11.57–
17 Oct 2025$11.44$11.63–
24 Oct 2025$11.79$11.73–
31 Oct 2025$11.11$11.74–
7 Nov 2025$11.23$11.68–
14 Nov 2025$11.39$11.61–
21 Nov 2025$11.40$11.50–
28 Nov 2025$11.74$11.48–
5 Dec 2025$11.26$11.42–
12 Dec 2025$11.75$11.43–
19 Dec 2025$11.67$11.45–
26 Dec 2025$11.41$11.49–
2 Jan 2026$11.18$11.47–
9 Jan 2026$12.35$11.48–
16 Jan 2026$12.34$11.55–
23 Jan 2026$13.09$11.69–
30 Jan 2026$13.32$11.84–
6 Feb 2026$14.59$12.09–
13 Feb 2026$14.90$12.40–
20 Feb 2026$15.46$12.72–
27 Feb 2026$14.10$12.98–
6 Mar 2026$13.29$13.20–
13 Mar 2026$13.69$13.39–
20 Mar 2026$13.05$13.60–
27 Mar 2026$13.52$13.77–
2 Apr 2026$13.95$13.88–
10 Apr 2026$14.18$13.97–
17 Apr 2026$24.62$14.89–
24 Apr 2026$24.66$15.91$12.82
1 May 2026$24.66$16.87$13.14
8 May 2026$24.80$17.88$13.47
15 May 2026$24.71$18.96$13.79
22 May 2026$24.61$20.11$14.14
29 May 2026$24.80$21.00$14.42
5 Jun 2026$25.05$22.15$14.77
12 Jun 2026$24.96$23.27$15.11
18 Jun 2026$24.94$24.15$15.37
26 Jun 2026$24.95$24.80$15.68
2 Jul 2026$24.93$24.82$15.93
10 Jul 2026$24.93$24.85$16.25
17 Jul 2026$24.97$24.87$16.58
24 Jul 2026$24.99$24.90$16.92
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 27 of 42 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025−15.0%
17 Oct 2025−3.9%
24 Oct 2025−8.1%
31 Oct 2025−8.5%
7 Nov 2025−1.5%
14 Nov 2025−2.7%
21 Nov 2025−4.8%
28 Nov 2025−7.6%
5 Dec 2025−17.4%
12 Dec 2025−7.6%
19 Dec 2025−4.6%
26 Dec 2025−7.4%
2 Jan 2026−7.3%
9 Jan 2026+9.1%
16 Jan 2026+3.8%
23 Jan 2026+9.3%
30 Jan 2026+18.4%
6 Feb 2026+27.0%
13 Feb 2026+29.4%
20 Feb 2026+31.0%
27 Feb 2026+19.7%
6 Mar 2026+20.0%
13 Mar 2026+19.4%
20 Mar 2026+16.5%
27 Mar 2026+26.6%
2 Apr 2026+28.8%
10 Apr 2026+16.9%
17 Apr 2026+96.8%
24 Apr 2026+84.8%
1 May 2026+81.0%
8 May 2026+63.2%
15 May 2026+57.4%
22 May 2026+51.0%
29 May 2026+65.6%
5 Jun 2026+78.8%
12 Jun 2026+70.3%
18 Jun 2026+76.0%
26 Jun 2026+69.6%
2 Jul 2026+65.1%
10 Jul 2026+64.7%
17 Jul 2026−3.2%
24 Jul 2026−2.2%
Each bar is one week, from 2025 to now (42 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved +109% while the S&P 500 moved +18%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Avanos Medical pay?

Avanos Medical, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Avanos Medical on?

Avanos Medical is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Avanos Medical profitable?

Avanos Medical, Inc. earned $5.1 M of net profit in the Mar 2026 quarter, −22.7% on the same quarter a year earlier. The full FY25 year was a loss of $72.9 M. That is 2.8% of the quarter's revenue. The same quarter a year earlier earned $6.6 M. 7 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY25 profit −$72.9 M

  • Net profit −$72.9 M
FY25 profit −$72.9 M
QuarterNet profit
FY21$6.3 M
FY22$50.5 M
FY23−$61.8 M
FY24−$392 M
FY25−$72.9 M

Growth on a year earlier

  • Growth on a year earlier −222.4%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22701.6%
FY23−222.4%
FY24–
FY25–
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Mar 2026: $5.1 M (−22.7% on a year earlier)

  • Net profit (quarterly) $5.1 M
Mar 2026: $5.1 M (−22.7% on a year earlier)
QuarterNet profit (quarterly)
Jun 2023−$68.1 M
Sep 2023−$3.7 M
Dec 2023$10.5 M
Mar 2024−$0.9 M
Jun 2024$1.8 M
Sep 2024$4.3 M
Dec 2024−$397 M
Mar 2025$6.6 M
Jun 2025−$76.8 M
Sep 2025−$1.4 M
Dec 2025−$1.3 M
Mar 2026$5.1 M

Growth on a year earlier

  • Growth on a year earlier −22.7%
Growth on a year earlier
QuarterGrowth on a year earlier
Jun 2023−644.8%
Sep 2023−123.6%
Dec 2023−37.9%
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024−3,883.8%
Mar 2025–
Jun 2025−4,366.7%
Sep 2025−132.6%
Dec 2025–
Mar 2026−22.7%
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +8.8% on a year earlier and the margin moved +0.1 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −1,507.3% and revenue +3.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

How much revenue does Avanos Medical make, and is it growing?

Avanos Medical, Inc. reported $182 M of revenue in the Mar 2026 quarter, +8.8% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 4.5% a year on average. The last full year, FY25, came in at $701 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $716 M.

FY25 revenue was $701 M, +1.9% on the year before.

FY25 revenue $701 M (+1.9% on the year before), 4.5% a year over 4 years

  • Revenue $701 M
FY25 revenue $701 M (+1.9% on the year before), 4.5% a year over 4 years
QuarterRevenue
FY21$587 M
FY22$684 M
FY23$673 M
FY24$688 M
FY25$701 M

Growth on a year earlier

  • Growth on a year earlier 1.9%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY2216.5%
FY23−1.6%
FY242.2%
FY251.9%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Mar 2026: $182 M (+8.8% on a year earlier), the 6th quarter in a row of growth

  • Revenue (quarterly) $182 M
Mar 2026: $182 M (+8.8% on a year earlier), the 6th quarter in a row of growth
QuarterRevenue (quarterly)
Jun 2023$169 M
Sep 2023$171 M
Dec 2023$173 M
Mar 2024$166 M
Jun 2024$172 M
Sep 2024$170 M
Dec 2024$180 M
Mar 2025$168 M
Jun 2025$175 M
Sep 2025$178 M
Dec 2025$181 M
Mar 2026$182 M

Growth on a year earlier

  • Growth on a year earlier 8.8%
Growth on a year earlier
QuarterGrowth on a year earlier
Jun 2023−0.9%
Sep 2023−0.6%
Dec 2023−4.6%
Mar 20244.3%
Jun 20241.4%
Sep 2024−0.5%
Dec 20243.6%
Mar 20250.8%
Jun 20251.9%
Sep 20254.3%
Dec 20250.7%
Mar 20268.8%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +3.9% on average, against 4.5% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +3.9%, against +2.6% a year over the last 8 quarters (stabilising).

How much of every $100 of sales does Avanos Medical keep?

Avanos Medical, Inc.'s operating margin was 5.4% in the Mar 2026 quarter, 0.1 percentage points higher than the same quarter a year ago. Across 5 years it has been between 0.7% and 5.2%. The latest quarter is above every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed −1.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY25: 2.2%, within a range of 0.7% to 5.2% over 5 years

  • Operating margin 2.2%
FY25: 2.2%, within a range of 0.7% to 5.2% over 5 years
QuarterOperating margin
FY210.7%
FY225.2%
FY232.1%
FY245.2%
FY252.2%

Change on the year before (points)

  • Change on the year before (points) −3.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22+4.5 pts
FY23−3.1 pts
FY24+3.1 pts
FY25−3.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Mar 2026: operating margin 5.4% (+0.1 points on a year earlier)

  • Operating margin 5.4%
Mar 2026: operating margin 5.4% (+0.1 points on a year earlier)
QuarterOperating margin
Jun 2023−1.2%
Sep 20238.5%
Dec 20239.8%
Mar 20243%
Jun 20243.7%
Sep 20247%
Dec 20247.6%
Mar 20255.3%
Jun 20251.4%
Sep 20250.3%
Dec 20252%
Mar 20265.4%

Change on a year earlier (points)

  • Change on a year earlier (points) +0.1 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Jun 2023−7.7 pts
Sep 2023+1.0 pts
Dec 2023−1.7 pts
Mar 2024+6.8 pts
Jun 2024+4.9 pts
Sep 2024−1.5 pts
Dec 2024−2.2 pts
Mar 2025+2.3 pts
Jun 2025−2.3 pts
Sep 2025−6.7 pts
Dec 2025−5.6 pts
Mar 2026+0.1 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Avanos Medical's profit turning into cash?

Over the last 2 years, 314% of Avanos Medical, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $74.7 M of operating cash against −$72.9 M of profit. After $31.6 M of spending on assets, $43.1 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $74.7 M against profit −$72.9 M; 314% of 2 years' profit came in as cash

  • Operating cash $74.7 M
  • Net profit −$72.9 M
  • Free cash $43.1 M
FY25: operating cash $74.7 M against profit −$72.9 M; 314% of 2 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21$87.3 M$6.3 M$66.3 M
FY22$90.9 M$50.5 M$71.6 M
FY23$32.4 M−$61.8 M$14.6 M
FY24$101 M−$392 M$82.9 M
FY25$74.7 M−$72.9 M$43.1 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Mar 2026: operating cash −$12.3 M = −241% of the quarter's profit

  • Operating cash (quarterly) −$12.3 M
Mar 2026: operating cash −$12.3 M = −241% of the quarter's profit
QuarterOperating cash (quarterly)
Mar 2023−$6.8 M
Jun 2023−$2.6 M
Dec 2023$12.7 M
Mar 2024−$8.0 M
Jun 2024$27.8 M
Sep 2024$23.0 M
Dec 2024$57.9 M
Mar 2025$25.7 M
Jun 2025$6.8 M
Sep 2025$14.0 M
Dec 2025$28.2 M
Mar 2026−$12.3 M

Operating cash as % of profit

  • Operating cash as % of profit −241%
Operating cash as % of profit
QuarterOperating cash as % of profit
Mar 2023–
Jun 2023–
Dec 2023121%
Mar 2024–
Jun 20241,544%
Sep 2024535%
Dec 2024–
Mar 2025389%
Jun 2025–
Sep 2025–
Dec 2025–
Mar 2026−241%
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Avanos Medical's cash go?

Avanos Medical, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $67.2 M on assets over the last 3 years. Averaged over those years that is 3.2% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $67.2 M over the last 3 years.

FY25: capex $31.6 M, up from the year before

  • Capex $31.6 M
FY25: capex $31.6 M, up from the year before
QuarterCapex
FY21$21.0 M
FY22$19.3 M
FY23$17.8 M
FY24$17.8 M
FY25$31.6 M
Capital spending each year, $ M.

Mar 2026: capex $4.3 M in the quarter

  • Capex (quarterly) $4.3 M
Mar 2026: capex $4.3 M in the quarter
QuarterCapex (quarterly)
Mar 2023$4.0 M
Jun 2023$4.0 M
Dec 2023$5.9 M
Mar 2024$4.1 M
Jun 2024$5.9 M
Sep 2024$3.0 M
Dec 2024$4.8 M
Mar 2025$6.7 M
Jun 2025$11.0 M
Sep 2025$7.0 M
Dec 2025$6.9 M
Mar 2026$4.3 M

Free cash

  • Free cash −$16.6 M
Free cash
QuarterFree cash
Mar 2023−$10.8 M
Jun 2023−$6.6 M
Dec 2023$6.8 M
Mar 2024−$12.1 M
Jun 2024$21.9 M
Sep 2024$20.0 M
Dec 2024$53.1 M
Mar 2025$19.0 M
Jun 2025−$4.2 M
Sep 2025$7.0 M
Dec 2025$21.3 M
Mar 2026−$16.6 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it.

What is Avanos Medical's P/E ratio, and how does it compare with its own history?

Avanos Medical, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Avanos Medical, Inc. at 1.7× its FY25 revenue of $701 M. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

PEG 2.70 at the Mar 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 2.70×
  • PEG = 1.0 1.00×
PEG 2.70 at the Mar 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Jun 20211.76×1.00×
Sep 20211.37×1.00×
Dec 20211.30×1.00×
Mar 20221.17×1.00×
Jun 20221.17×1.00×
Sep 20220.79×1.00×
Dec 20220.89×1.00×
Mar 20231.15×1.00×
Jun 20231.15×1.00×
Sep 20232.12×1.00×
Dec 20232.34×1.00×
Mar 20243.01×1.00×
Jun 20243.89×1.00×
Sep 20244.39×1.00×
Dec 20240.48×1.00×
Mar 20251.46×1.00×
Jun 20252.70×1.00×
Sep 20252.70×1.00×
Dec 20252.70×1.00×
Mar 20262.70×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 20 quarters.
—P/E · earnings negative
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Is the Avanos Medical business getting better or worse?

Avanos Medical, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +1.9% in FY25

  • Revenue growth 1.9%
Growth year by year: revenue +1.9% in FY25
QuarterRevenue growth
FY21–
FY2216.5%
FY23−1.6%
FY242.2%
FY251.9%

Profit growth, EPS growth

  • Profit growth −222.4%
  • EPS growth −223.2%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22300%300%
FY23−222.4%−223.2%
FY24––
FY25––
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters: revenue stabilising

  • Revenue 3.9%
Three growth lines over twelve quarters: revenue stabilising
QuarterRevenue
Jun 2023−3.5%
Sep 2023−2.1%
Dec 2023−1.6%
Mar 2024−0.6%
Jun 20240%
Sep 20240%
Dec 20242.2%
Mar 20251.3%
Jun 20251.5%
Sep 20252.7%
Dec 20251.9%
Mar 20263.9%

Profit, EPS

  • Profit −22.7%
  • EPS −300%
Profit, EPS
QuarterProfitEPS
Jun 2023−300%–
Sep 2023−123.6%−226.5%
Dec 2023−37.9%−224.5%
Mar 2024–−241.1%
Jun 2024––
Sep 2024––
Dec 2024−300%–
Mar 2025––
Jun 2025−300%−300%
Sep 2025−132.6%−300%
Dec 2025––
Mar 2026−22.7%–
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROE: the return line, yearly figures

  • ROE −9.4%
ROE: the return line, yearly figures
QuarterROE
FY223.9%
FY23−5%
FY24−47.3%
FY25−9.4%
Yearly figures: the quarterly balance-sheet figures this line needs are not available for this stock, so it changes once a year and counts for less in the reading.
FlatRevenue growth · latest +3.9%, range −3.5% to +3.9%
Stuck lowROE · latest −9.4%, range −47.3% to 3.9%

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+1.9%+0.8%——
Stock price+108.1%———
+8.8%Revenue growth (Mar 2026) · latest quarter against a year ago
−22.7%Profit growth (Mar 2026) · latest quarter against a year ago
4.5%Revenue, 4 years · yearly growth over the long run

How much does Avanos Medical earn on its capital?

Avanos Medical, Inc. earned a ROE of −9% in FY25. That is up from a low of −47% in FY24. Its return on capital used (ROIC) is 10.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a −10.4% net margin and 0.65× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a −10.4% net margin × 0.65× asset turnover × 1.38× leverage (assets divided by equity) ≈ −9.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 2.0% − 12.0% = −10.0 percentage points. The 12.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY25: ROE −9%, the climb back from FY24's −47%

  • ROE −9.4%
  • ROIC (annual) 1.8%
  • Cost of capital 12%
FY25: ROE −9%, the climb back from FY24's −47%
QuarterROEROIC (annual)Cost of capital
FY210.5%0.3%12%
FY223.9%2.1%12%
FY23−5%1%12%
FY24−47.3%3.2%12%
FY25−9.4%1.8%12%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Mar 2026: ROIC 0.6% (last 12 months) against a 12.0% cost of capital

  • ROIC (12 months) 0.6%
  • ROE (12 months) −0.7%
  • Cost of capital 12.0%
Mar 2026: ROIC 0.6% (last 12 months) against a 12.0% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Jun 20232%−2.4%12%
Sep 20231.4%−1.4%12%
Dec 20231.5%−2.9%12%
Mar 20241.7%3.6%12%
Jun 20242.2%0.2%12%
Sep 20242.6%1.4%12%
Dec 20242.2%1.9%12%
Mar 20252.2%−154.3%12%
Jun 20252.8%3.2%12%
Sep 20252.8%−38%12%
Dec 20252.3%−0.7%12%
Mar 20260.6%−0.7%12%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Avanos Medical have too much debt?

Avanos Medical, Inc. has total debt of $138 M against shareholder equity of $782 M as of Mar 2026, so its debt is 0.18× its equity, which is very little. Year by year, that ratio went from 0.15 in FY21 to 0.17 in FY25. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $129 M, 0.17× equity

  • Total debt $129 M
FY25: debt $129 M, 0.17× equity
QuarterTotal debt
FY21$188 M
FY22$277 M
FY23$209 M
FY24$170 M
FY25$129 M

Debt-to-equity

  • Debt-to-equity 0.17×
Debt-to-equity
QuarterDebt-to-equity
FY210.15×
FY220.21×
FY230.17×
FY240.21×
FY250.17×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Mar 2026: debt $138 M, debt-to-equity 0.18

  • Total debt (quarterly) $138 M
Mar 2026: debt $138 M, debt-to-equity 0.18
QuarterTotal debt (quarterly)
Jun 2023$254 M
Sep 2023$307 M
Dec 2023$209 M
Mar 2024$215 M
Jun 2024$218 M
Sep 2024$202 M
Dec 2024$170 M
Mar 2025$141 M
Jun 2025$137 M
Sep 2025$134 M
Dec 2025$129 M
Mar 2026$138 M

Debt-to-equity

  • Debt-to-equity 0.18×
Debt-to-equity
QuarterDebt-to-equity
Jun 20230.21×
Sep 20230.25×
Dec 20230.17×
Mar 20240.17×
Jun 20240.18×
Sep 20240.16×
Dec 20240.21×
Mar 20250.17×
Jun 20250.18×
Sep 20250.17×
Dec 20250.17×
Mar 20260.18×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the Avanos Medical shareholding pattern?

3.8% of Avanos Medical, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 2.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

3.8%Short interest · of the tradable float
2.0Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Avanos Medical from balance-sheet trouble?

For Avanos Medical, Inc., the Z-score is 1.20. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 1.20 is inside the danger zone, so the balance sheet is a real risk.

How does Avanos Medical rank in its industry?

There is no score against its industry: Avanos Medical, Inc. is not among the largest members shown in this industry comparison for Medical Devices.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

Which companies is Avanos Medical compared with?

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Which companies are close to Avanos Medical in size?

Avanos Medical is the 37th largest of 75 Medical Devices companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Alphatec Holdings, Inc., Lumexa Imaging Holdings, Inc. and PROCEPT BioRobotics Corporation. Just below it: Integra LifeSciences Holdings Corporation, IRADIMED CORPORATION and SI-BONE, Inc.

Medical Devices companies close in size

  1. Alphatec Holdings, Inc. $1.3 billion
  2. Lumexa Imaging Holdings, Inc. $1.3 billion
  3. PROCEPT BioRobotics Corporation $1.2 billion
  4. Avanos Medical, Inc. $1.2 billion
  5. Integra LifeSciences Holdings Corporation $1.2 billion
  6. IRADIMED CORPORATION $1.1 billion
  7. SI-BONE, Inc. $1.1 billion

All 75 Medical Devices companies, largest first

Companies close in size in other industries

  1. Amerant Bancorp Inc. $1.2 billion · Banks - Regional
  2. Ategrity Specialty Insurance Company Holdings $1.2 billion · Insurance - Property & Casualty
  3. Avanos Medical, Inc. $1.2 billion
  4. Biglari Holdings Inc. $1.2 billion · Restaurants
  5. Hotel101 Global Holdings Corp. $1.2 billion · Real Estate Services

What else do people ask about Avanos Medical?

What were Avanos Medical's latest quarterly results?

Avanos Medical, Inc. reported revenue of $182 M and net profit of $5.1 M for the Mar 2026 quarter. Revenue rose 8.8% and profit fell 22.7% compared with a year earlier. Earnings per share were $0.11.

The operating margin was 5.4%, 0.1 percentage points higher than a year earlier (as of 24 July 2026).

What is Avanos Medical's market cap?

Avanos Medical, Inc.'s market capitalisation is $1.2 B at a stock price of $24.99. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 24 July 2026).

How is Avanos Medical performing?

Avanos Medical, Inc.'s latest readings are below. In its latest quarter, revenue rose 8.8% and profit fell 22.7% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running.

This describes what the data did, not a rating (as of 24 July 2026).

Will Avanos Medical's stock price go up?

This page does not forecast Avanos Medical, Inc.'s stock price. What it shows instead: the stock price is $24.99. Nobody can reliably say which way a price will move, and this site does not try (as of 24 July 2026).

Is Avanos Medical's profit real cash?

Yes, over the last 2 years, 314% of Avanos Medical, Inc.'s reported profit came in as cash from operations. The latest year was lower at -102%, so the trend is worth watching. In FY25, operating cash was $74.7 M against reported profit of −$72.9 M.

Most of that cash then goes into building new capacity. These are yearly figures (as of 24 July 2026).

Where is Avanos Medical in its business cycle?

Avanos Medical, Inc.'s FY25 operating margin was 2.2%, against a 5-year range of 0.7% to 5.2%: the middle of its own range, neither a peak nor a low. The latest quarter was 5.4%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 24 July 2026).

What could break the Avanos Medical story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 24 July 2026).

Is Avanos Medical a stock worth studying right now?

What the numbers show: Avanos Medical, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 24 July 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 24 July 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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