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Avanos Medical AVNS Work in process

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Other financials

Income statement

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Revenue$182.2M+8.8%
Gross profit$94.2M+4.9%
Operating income$8.9M-13.6%
Net income$5.1M-22.7%
EPS (diluted)$0.11-21.4%

Balance sheet

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Cash & equivalents$65.6M-32.4%
Total debt$138.4M-1.8%
Total equity$782.1M-6.8%
Total assets$1.1B-5.2%

Cash flow

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Operating cash flow-$12.3M-148%
CapEx$4.3M-35.8%
Free cash flow-$16.6M-187%

Valuation

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Market cap$1.17B+108%
Enterprise value$1.24B+105%
P/S1.6×+0.8×

Profitability

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Gross margin50%-4.6pp
Operating margin-9.1%-4.2pp
Net margin-10.4%-4.7pp
FCF margin1.6%-14.9pp

Returns & leverage

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Return on equity-9.2%-3.9pp
Debt / equity0.2×0.0×
Current ratio2.5×-0.1×

Where this comes from

Reported directly by Avanos Medical in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Avanos Medical’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Avanos Medical's work in process?
Avanos Medical (AVNS) reported work in process of $25M in Q1 2026.
How has Avanos Medical's work in process changed year-over-year?
Avanos Medical's work in process increased by 10.1% year-over-year, from $22.7M to $25M.
What is the long-term trend for Avanos Medical's work in process?
Over 5 years (2020 to 2025), Avanos Medical's work in process has grown at a -4.8% compound annual growth rate (CAGR), from $32.3M to $25.2M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.