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AVA logoAvista Corporation(AVA)Earnings, Financials & Key Ratios

AVA•NYSE•Utilities
$40.58
$3.35B mkt cap·17.1× P/E·Price updated May 6, 2026
SectorUtilitiesIndustryDiversified UtilitiesSub-IndustryRegulated electric and gas utilities
AboutAvista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the wholesale purchase and sale of electricity and natural gas. The AEL&P segment offers electric services to 17,400 customers in the city and borough of Juneau, Alaska. The company generates electricity through hydroelectric, thermal, and wind facilities. As of February 23, 2022, it provided electric service to 406,000 customers and natural gas to 372,000 customers. In addition, the company engages in venture fund investments, real estate investments, and other investments. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.Show more
  • Revenue$1.96B+1.3%
  • EBITDA$643M+10.9%
  • Net Income$193M+7.2%
  • Free Cash Flow-$101M-10200.0%
  • EBITDA Margin32.74%+9.4%
  • Net Margin9.83%+5.8%
  • ROE7.28%+2.7%
  • Interest Coverage2.47+9.0%
  • Debt/Equity1.25+3.6%
  • Net Debt/EBITDA5.22-1.9%
  • CapEx / Revenue0%-100.0%
Technical→

AVA Key Insights

Avista Corporation (AVA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓22 years of consecutive dividend growth
  • ✓22 consecutive years of dividend growth
  • ✓Healthy dividend yield of 4.8%
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗High leverage: 5.3x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AVA Price & Volume

Avista Corporation (AVA) stock price & volume — 10-year historical chart

Loading chart...

AVA Growth Metrics

Avista Corporation (AVA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.84%
5 Years8.24%
3 Years4.72%
TTM1.37%

Profit CAGR

10 Years4.59%
5 Years8.31%
3 Years7.54%
TTM7.43%

EPS CAGR

10 Years1.91%
5 Years4.61%
3 Years3.93%
TTM4.85%

Return on Capital

10 Years4.52%
5 Years3.97%
3 Years4.31%
Last Year4.74%

AVA Recent Earnings

Avista Corporation (AVA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026
EPS
$1.10
Est $1.04
+5.8%
Revenue
$555M
Est $644M
-13.8%
Q1 2026
Feb 25, 2026
EPS
$0.88
Est $1.01
-12.9%
Revenue
$518M
Est $516M
+0.4%
Q4 2025
Nov 5, 2025
EPS
$0.36
Est $0.27
+33.3%
Revenue
$403M
Est $541M
-25.5%
Q3 2025
Aug 6, 2025
EPS
$0.17
Est $0.28
-39.3%
Revenue
$411M
Est $409M
+0.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$1.10vs $1.04+5.8%
$555Mvs $644M-13.8%
Q1 2026Feb 25, 2026
$0.88vs $1.01-12.9%
$518Mvs $516M+0.4%
Q4 2025Nov 5, 2025
$0.36vs $0.27+33.3%
$403Mvs $541M-25.5%
Q3 2025Aug 6, 2025
$0.17vs $0.28-39.3%
$411Mvs $409M+0.6%
Based on last 12 quarters of dataView full earnings history →

AVA Peer Comparison

Avista Corporation (AVA) competitors in Regulated electric and gas utilities — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
POR logoPORPortland General Electric CompanyDirect Competitor5.65B48.8217.69-1.95%7.22%6.25%1.34
IDA logoIDAIDACORP, Inc.Direct Competitor7.98B144.0824.42-0.75%18.61%9.4%1.02
NWE logoNWENorthwestern Energy Group IncDirect Competitor4.37B71.0824.186.38%10.21%5.8%1.14
OTTR logoOTTROtter Tail CorporationDirect Competitor3.73B88.8913.57-1.99%21.34%15.21%0.59
MGEE logoMGEEMGE Energy, Inc.Direct Competitor2.97B80.8021.729.85%18.61%10.82%0.72
CWCO logoCWCOConsolidated Water Co. Ltd.Direct Competitor527.15M33.06-1.41%13.88%0%0.00
PCG logoPCGPG&E CorporationProduct Competitor35.62B16.1813.712.11%11.43%9.09%1.87
PNW logoPNWPinnacle West Capital CorporationProduct Competitor12.14B100.1719.844.2%11.99%9.27%2.52

Compare AVA vs Peers

Avista Corporation (AVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs POR

Most directly comparable listed peer for AVA.

Scale Benchmark

vs GE

Larger-name benchmark to compare AVA against a more recognizable public peer.

Peer Set

Compare Top 5

vs POR, IDA, NWE, OTTR

AVA Income Statement

Avista Corporation (AVA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue1.45B1.4B1.35B1.32B1.44B1.71B1.75B1.94B1.96B
Revenue Growth %0.24%-3.39%-3.67%-1.76%8.85%18.85%2.42%10.64%1.34%
Cost of Revenue524.57M494.74M439.82M398.51M497.12M735.86M702.37M798M1.49B
Gross Profit
921.36M▲ 0%
902.16M▼ 2.1%
905.8M▲ 0.4%
923.38M▲ 1.9%
941.81M▲ 2.0%
974.35M▲ 3.5%
1.05B▲ 7.7%
1.14B▲ 8.7%
475M▼ 58.3%
Gross Margin %63.72%64.58%67.31%69.85%65.45%56.97%59.9%58.82%24.19%
Gross Profit Growth %3.39%-2.08%0.4%1.94%2%3.45%7.68%8.66%-58.33%
Operating Expenses622.24M637.33M695.42M690.68M713.58M784.1M791.49M834M121M
Other Operating Expenses---------
EBITDA460.16M448.43M416.38M456.92M460.41M443.38M523.1M580M643M
EBITDA Margin %31.82%32.1%30.94%34.57%32%25.93%29.86%29.93%32.74%
EBITDA Growth %1.2%-2.55%-7.15%9.74%0.76%-3.7%17.98%10.88%10.86%
Depreciation & Amortization175.66M187.32M205.99M224.22M232.18M253.14M265.41M274M289M
D&A / Revenue %12.15%13.41%15.31%16.96%16.14%14.8%15.15%14.14%14.71%
Operating Income (EBIT)
284.51M▲ 0%
261.11M▼ 8.2%
210.39M▼ 19.4%
232.7M▲ 10.6%
228.23M▼ 1.9%
190.24M▼ 16.6%
257.69M▲ 35.5%
306M▲ 18.7%
354M▲ 15.7%
Operating Margin %19.68%18.69%15.64%17.6%15.86%11.12%14.71%15.79%18.02%
Operating Income Growth %-1.83%-8.22%-19.43%10.6%-1.92%-16.65%35.45%18.75%15.69%
Interest Expense92.88M97M100.18M100.98M102.17M114.97M139.67M145M148M
Interest Coverage3.22x2.68x3.28x2.24x2.22x1.68x1.98x2.26x2.47x
Interest / Revenue %6.42%6.94%7.44%7.64%7.1%6.72%7.97%7.48%7.54%
Non-Operating Income-1000K-1000K1000K-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income
198.69M▲ 0%
162.66M▼ 18.1%
228.14M▲ 40.3%
136.54M▼ 40.2%
159.37M▲ 16.7%
137.99M▼ 13.4%
137.55M▼ 0.3%
183M▲ 33.0%
217M▲ 18.6%
Pretax Margin %13.74%11.64%16.95%10.33%11.08%8.07%7.85%9.44%11.05%
Income Tax82.76M26.06M31.37M7.05M12.03M-17.19M-33.63M3M24M
Effective Tax Rate %41.65%16.02%13.75%5.16%7.55%-12.46%-24.45%1.64%11.06%
Net Income
115.92M▲ 0%
136.43M▲ 17.7%
196.98M▲ 44.4%
129.49M▼ 34.3%
147.33M▲ 13.8%
155.18M▲ 5.3%
171.18M▲ 10.3%
180M▲ 5.2%
193M▲ 7.2%
Net Margin %8.02%9.77%14.64%9.8%10.24%9.07%9.77%9.29%9.83%
Net Income Growth %-15.53%17.7%44.38%-34.26%13.78%5.32%10.31%5.15%7.22%
EPS (Diluted)
1.79▲ 0%
2.07▲ 15.6%
2.97▲ 43.5%
1.90▼ 36.0%
2.10▲ 10.5%
2.12▲ 1.0%
2.24▲ 5.7%
2.28▲ 1.8%
2.38▲ 4.4%
EPS Growth %-16.74%15.64%43.48%-36.03%10.53%0.95%5.66%1.79%4.39%
EPS (Basic)1.802.082.981.912.112.132.242.282.38
Diluted Shares Outstanding64.81M65.95M66.33M68.1M70.08M73.09M76.5M78.82M81.05M

AVA Balance Sheet

Avista Corporation (AVA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets5.51B5.78B6.08B6.4B6.85B7.42B7.7B7.94B8.64B
Asset Growth %3.86%4.86%5.19%5.26%7.05%8.23%3.84%3.1%8.85%
PP&E (Net)4.4B4.68B4.94B5.13B5.36B5.58B5.84B6.12B6.42B
PP&E / Total Assets %79.76%80.94%81.3%80.14%78.2%75.21%75.8%77.06%74.32%
Total Current Assets337.53M346.92M305.13M343.98M434.47M721.8M662M656M729M
Cash & Equivalents16.17M14.66M9.9M14.2M22.17M13.43M35M30M19M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory58.08M63.88M66.58M67.45M84.73M107.67M160M193M236M
Other Current Assets65.84M85.03M31.29M24.33M70.53M284.01M168M159M159M
Long-Term Investments11.55M40.8M62.8M70.86M102.6M159.36M165M169M172M
Goodwill57.67M57.67M52.43M52.43M52.43M52.43M52M52M52M
Intangible Assets00008.46M17.94M19M18M0
Other Assets242.54M169.29M717.2M30.41M896.24M212.43M966M927M982M
Total Liabilities3.78B4.01B4.14B4.37B4.7B5.08B5.22B5.35B5.93B
Total Debt1.93B2.1B2.26B2.39B2.6B2.92B3.03B3.12B3.38B
Net Debt1.91B2.09B2.25B2.37B2.58B2.91B3B3.09B3.36B
Long-Term Debt1.54B1.79B1.9B2.06B1.95B2.33B2.57B2.67B2.87B
Short-Term Borrowings382.84M297.64M237.8M203M534M476.5M364M354M418M
Capital Lease Obligations051.76M124.24M123.72M119.18M114.36M103M97M92M
Total Current Liabilities697.5M639.58M530.71M505.88M913.11M964.53M775M771M878M
Accounts Payable107.29M108.37M110.22M106.61M133.1M202.95M143M125M163M
Accrued Expenses27.89M90.49M16.49M102.11M17.54M44.9M24M24M50M
Deferred Revenue933.19M36.86M0100.66M884K8.48M000
Other Current Liabilities179.48M143.08M122.31M-13.69M178.5M224.11M212M234M247M
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities1.08B1.53B1.04B1.07B1.05B975.03M1.03B1.04B1.04B
Total Equity
1.73B▲ 0%
1.77B▲ 2.5%
1.94B▲ 9.3%
2.03B▲ 4.7%
2.15B▲ 6.2%
2.33B▲ 8.4%
2.48B▲ 6.4%
2.59B▲ 4.3%
2.71B▲ 4.6%
Equity Growth %4.97%2.52%9.31%4.66%6.16%8.35%6.44%4.27%4.55%
Shareholders Equity1.73B1.77B1.94B2.03B2.15B2.33B2.48B2.59B2.71B
Minority Interest656K825K0000000
Common Stock1.13B1.14B1.21B1.29B1.38B1.53B1.64B1.72B1.8B
Additional Paid-in Capital01.14B0000000
Retained Earnings596.38M644.6M738.8M758.04M785.63M811.54M841M871M905M
Accumulated OCI-8.09M-7.87M-10.26M-14.38M-11.04M-2.06M-357K0-1M
Return on Assets (ROA)2.14%2.42%3.32%2.07%2.22%2.17%2.26%2.3%2.33%
Return on Equity (ROE)6.86%7.79%10.61%6.53%7.04%6.91%7.1%7.09%7.28%
Debt / Equity1.11x1.19x1.16x1.18x1.21x1.25x1.22x1.20x1.25x
Debt / Assets34.93%36.4%37.11%37.28%37.98%39.41%39.39%39.25%39.06%
Net Debt / EBITDA4.15x4.66x5.40x5.19x5.61x6.56x5.73x5.32x5.22x
Book Value per Share26.726.929.2429.830.7431.9432.4932.8733.42

AVA Cash Flow Statement

Avista Corporation (AVA) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations410.3M361.88M398.21M331M267.34M124M447M534M469M
Operating CF Growth %14.52%-11.8%10.04%-16.88%-19.23%-53.62%260.48%19.46%-12.17%
Operating CF / Revenue %28.38%25.91%29.59%25.04%18.58%7.25%25.52%27.55%23.88%
Net Income115.93M136.6M196.76M129.49M147.33M155M171M180M193M
Depreciation & Amortization175.66M187.32M205.99M224.22M232.18M253M265M274M289M
Deferred Taxes69.66M8.57M15.1M44.96M11.22M-18M-37M-5M2M
Other Non-Cash Items18.89M-6.32M-68.07M-38.14M-111.78M-135M1M77M19M
Working Capital Changes22.81M30.36M37.08M-35.38M-16.32M-140M39M-1M-43M
Capital Expenditures-412.34M-424.35M-442.51M-404.31M-439.94M-452M-498.64M-533M-570M
CapEx / Revenue %28.52%30.38%32.89%30.59%30.57%26.43%28.49%27.5%0%
CapEx / D&A2.35x2.27x2.15x1.80x1.89x1.79x1.88x1.95x0.00x
CapEx Coverage (OCF/CapEx)1.00x0.85x0.90x0.82x0.61x0.27x0.90x1.00x-
Cash from Investing-434.1M-440.43M-445.51M-410.74M-444.92M-460M-510M-539M-564M
Acquisitions-13.68M-13.28M-13.51M-5.92M-16M-10M-13M-10M0
Purchase of Investments-13.68M-13.28M-13.51M-5.92M-16M-10M-13M00
Sale of Investments0016.41M6.79M8.31M1M3M00
Other Investing5.6M10.48M7.61M-1.37M18.72M11M12M4M-564M
Cash from Financing31.47M77.03M42.54M84.04M185.55M327M85M084M
Dividends Paid-92.46M-98.05M-102.77M-110.25M-118.21M-129M-141M-150M-159M
Dividend Payout Ratio %79.76%71.87%52.17%85.15%80.23%83.13%82.37%83.33%82.38%
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K1000K1000K1000K
Stock Issued56.38M1.21M64.57M72.2M90M137M113M68M78M
Share Repurchases000000000
Other Financing-4.16M-7.92M-2.4M-5.31M-4.3M-7M-6M-4M-4M
Net Change in Cash
7.67M▲ 0%
-1.52M▼ 119.8%
-4.76M▼ 214.0%
4.3M▲ 190.3%
7.97M▲ 85.4%
-9M▼ 212.9%
22M▲ 344.4%
-5M▼ 122.7%
-11M▼ 120.0%
Exchange Rate Effect000000000
Cash at Beginning8.51M16.17M14.66M9.9M14.2M22M13M35M30M
Cash at End16.17M14.66M9.9M14.2M22.17M13M35M30M19M
Free Cash Flow
-2.04M▲ 0%
-62.47M▼ 2960.5%
-44.3M▲ 29.1%
-73.3M▼ 65.5%
-172.6M▼ 135.5%
-327.79M▼ 89.9%
-51.56M▲ 84.3%
1M▲ 101.9%
-101M▼ 10200.0%
FCF Growth %95.81%-2960.51%29.08%-65.47%-135.46%-89.91%84.27%101.94%-10200%
FCF Margin %-0.14%-4.47%-3.29%-5.55%-11.99%-19.17%-2.94%0.05%-5.14%
FCF / Net Income %-1.76%-45.79%-22.49%-56.61%-117.15%-211.24%-30.12%0.56%-52.33%

AVA Key Ratios

Avista Corporation (AVA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)8.64%6.86%7.79%10.61%6.53%7.04%6.91%7.1%7.09%7.28%
EBITDA Margin31.52%31.82%32.1%30.94%34.57%32%25.93%29.86%29.93%32.74%
Net Debt / EBITDA4.06x4.15x4.66x5.40x5.19x5.61x6.56x5.73x5.32x5.22x
Interest Coverage3.55x3.22x2.68x3.28x2.24x2.22x1.68x1.98x2.26x2.47x
CapEx / Revenue28.19%28.52%30.38%32.89%30.59%30.57%26.43%28.49%27.5%0%
Dividend Payout Ratio63.51%79.76%71.87%52.17%85.15%80.23%83.13%82.37%83.33%82.38%
Debt / Equity1.12x1.11x1.19x1.16x1.18x1.21x1.25x1.22x1.20x1.25x
EPS Growth9.14%-16.74%15.64%43.48%-36.03%10.53%0.95%5.66%1.79%4.39%

AVA SEC Filings & Documents

Avista Corporation (AVA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Mar 4, 2026·SEC

Material company update

Feb 25, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

AVA Frequently Asked Questions

Avista Corporation (AVA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Avista Corporation (AVA) reported $1.96B in revenue for fiscal year 2025. This represents a 108% increase from $945.0M in 1996.

Avista Corporation (AVA) grew revenue by 1.3% over the past year. Growth has been modest.

Yes, Avista Corporation (AVA) is profitable, generating $193.0M in net income for fiscal year 2025 (9.8% net margin).

Dividend & Returns

Yes, Avista Corporation (AVA) pays a dividend with a yield of 4.83%. This makes it attractive for income-focused investors.

Avista Corporation (AVA) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.

Avista Corporation (AVA) generated $469.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Avista Corporation (AVA) has a dividend payout ratio of 82%. The dividend is reasonably covered.

Explore More AVA

Avista Corporation (AVA) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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