“The decrease was primarily driven by $12.3 million of cash used in operating activities, $4.3 million of capital expenditures, $3.4 million of investments in non-affiliates, and payments of $2.3 million on our term loan.”10-Q · May 5, 2026 ↗
Avanos Medical Inc
AVNS
Market read
Avanos Medical Inc's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
- AVNS's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if AVNS's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- AVNS's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating margin changed +48.8 percentage points in the latest annual period.
- Net margin changed +46.6 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
- Tariffs and trade policy has repeated favorable evidence across 4 filings.
- Material customer MCK most recently reported revenue +7.7% year over year.
- Material customer MDLN most recently reported revenue +11.6% year over year.
- Material customer MDLN most recently reported revenue +10.7% year over year.
- Capital investment and capacity has repeated adverse evidence across 4 filings.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- EV/sales is 52% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Jul 14, 2026
24.94Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The decrease was primarily driven by payments of $25.0 million on our revolving credit facility, $6.7 million of capital expenditures, $2.4 million of investments in non-affiliates, and payments of $2.3 million on our term loan.”10-Q · May 5, 2026 ↗
“Volume growth was 19.0%, primarily driven by continued strong demand across both our enteral feeding and neonate solutions.”10-Q · May 5, 2026 ↗
“For the three months ended March 31, 2026, cost of products sold increased compared to the prior year period, primarily due to increased tariffs along with an increase in segment net sales.”10-Q · May 5, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.6× · EV/sales 1.5×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 14 Jul, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for AVNS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for AVNS. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind AVNS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MCK18.0% of AVNScustomerFeb 24, 2026 ▾
“In the year ended December 31, 2024, sales to McKesson Corporation and Medline Industries accounted for approximately 18% and 17% of consolidated net sales, respectively.”
MDLN15.0% of AVNScustomerFeb 24, 2026 ▾
“In the year ended December 31, 2025, sales to Medline Industries accounted for approximately 12% of consolidated net sales.”
BSXBoston Scientific CorporationcompetitorFeb 24, 2026 ▾
“Major competitors include, among others: • Specialty Nutrition Systems: Boston Scientific Corporation, Cook Medical, Applied Medical Technology, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
AVNS is currently a Leader in the organic co-movement group Pain Management Devices. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for AVNS; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.