Avista Corp (AVA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.24	$0.43	+79.2%	—	—	—
Q4 26	$1.03	$1.11	+7.8%	—	—	—
Q3 26	$1.02	$0.87	-14.7%	—	—	—
Q2 26	$0.28	$0.36	+28.6%	—	—	—
Q1 26	$0.31	$0.17	-45.2%	—	—	—
Q4 25	$1.03	$0.98	-4.9%	—	—	—
Q3 25	$0.87	$0.85	-2.3%	—	—	—
Q2 25	$0.12	$0.23	+91.7%	—	—	—
Q1 25	$0.3	$0.29	-3.3%	—	—	—
Q4 24	$1	$0.91	-9.0%	—	—	—
Q3 24	$1.14	$1.1	-3.5%	—	—	—
Q2 24	$0.14	$0.19	+35.7%	—	—	—
Q1 24	$0.15	$0.23	+53.3%	—	—	—
Q4 23	$1.16	$0.73	-37.1%	—	—	—
Q3 23	$0.78	$1.06	+35.9%	—	—	—
Q2 23	$0.14	-$0.08	-157.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.38	—	—	$2B	—
FY24	—	$2.29	—	—	$1.9B	—
FY23	—	$2.24	—	—	$1.8B	—
FY22	—	$2.13	—	—	$1.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.4B	$1.4B	$1.4B	$1.3B	$1.3B	$1.4B	$1.7B	$1.8B	$1.9B	$2B
YoY change	-2.85%	+0.24%	-3.39%	-3.67%	-1.76%	+8.85%	+18.9%	+2.42%	+10.6%	+1.34%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.4B	1.4B	1.4B	1.3B	1.3B	1.4B	1.7B	1.8B	1.9B	2B
Cost of revenue	551.4M	524.6M	494.7M	439.8M	398.5M	497.1M	735.9M	702.4M	798M	691M
Gross profit	891.1M	921.4M	902.2M	905.8M	923.4M	941.8M	974.3M	1B	1.1B	1.3B
Gross margin	61.8%	63.7%	64.6%	67.3%	69.9%	65.5%	57%	59.9%	58.8%	64.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	331.2M	335.8M	346.4M	364.1M	360M	372.3M	416.9M	416.4M	444M	509M
Operating income	299.9M	306.8M	264.8M	230.1M	232.7M	228.2M	190.2M	257.7M	306M	354M
Operating margin	20.8%	21.2%	19%	17.1%	17.6%	15.9%	11.1%	14.7%	15.8%	18%
Non-operating income, net	-3.1M	-18.7M	-8.9M	94.2M	1.6M	30.1M	58.8M	4.9M	8M	-1M
Pretax income	215.4M	198.7M	162.7M	228.1M	136.5M	159.4M	138M	137.6M	183M	217M
Income tax	78.1M	82.8M	26.1M	31.4M	7.1M	12M	-17.2M	-33.6M	3M	24M
Net income	137.3M	115.9M	136.6M	196.8M	129.5M	147.3M	155.2M	171.2M	180M	193M
Net margin	9.52%	8.02%	9.78%	14.6%	9.8%	10.2%	9.07%	9.77%	9.29%	9.83%
EBITDA	458.5M	479.3M	449.5M	430.1M	453.9M	465.3M	450.9M	539M	600M	655M
EPS	2.16	1.8	2.08	2.93	1.91	2.06	2.13	2.24	2.29	2.38
Diluted EPS	2.15	1.79	2.07	2.93	1.9	2.06	2.12	2.24	2.29	2.38

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	379.6M	517.4M	609.4M	402.1M	393.7M	532.8M	617M	411M	403M	533M	570M	—
Cost of revenue	148.3M	219.9M	293.1M	144.3M	142M	218.5M	256M	130M	115M	190M	206M	—
Gross profit	231.3M	297.4M	316.3M	257.7M	251.7M	314.2M	361M	281M	288M	343M	364M	—
Gross margin	60.9%	57.5%	51.9%	64.1%	63.9%	59%	58.5%	68.4%	71.5%	64.4%	63.9%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	103.1M	103.5M	111.6M	110M	107.6M	114.9M	129M	124M	128M	128M	128M	—
Operating income	38.1M	99.2M	101.1M	54.3M	48.8M	101.9M	125M	57M	60M	112M	134M	—
Operating margin	10%	19.2%	16.6%	13.5%	12.4%	19.1%	20.3%	13.9%	14.9%	21%	23.5%	—
Non-operating income, net	7.4M	-11.6M	9.3M	4.5M	5.3M	-11.1M	3M	-6M	9M	-7M	9M	—
Pretax income	10.9M	66.7M	73.8M	23.4M	18M	67.8M	91M	15M	31M	80M	105M	—
Income tax	-3.8M	-17.4M	2.3M	495K	-478K	677K	12M	1M	2M	9M	13M	—
Net income	14.7M	84.1M	71.5M	22.9M	18.5M	67.2M	79M	14M	29M	71M	92M	—
Net margin	3.88%	16.3%	11.7%	5.69%	4.7%	12.6%	12.8%	3.41%	7.2%	13.3%	16.1%	—
EBITDA	112.4M	169.4M	178.3M	126.6M	121.9M	175.1M	199M	123M	142M	190M	210M	—
EPS	0.19	—	0.91	0.29	0.23	—	0.98	0.17	0.36	—	1.11	0.43
Diluted EPS	0.19	—	0.91	0.29	0.23	—	0.98	0.17	0.36	—	1.11	0.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.5B	3.3B	2.8B	3.2B	2.7B	3B	3.2B	2.7B	2.9B	3.1B	3.2B
Enterprise value	4.4B	5.2B	4.9B	5.5B	5.1B	5.6B	6.1B	5.7B	6B	6.4B	6.7B
Shares outstanding	63.5M	64.5M	65.7M	67.2M	68M	71.5M	73M	76.4M	78.7M	81M	81M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.5	28.6	20.4	16.4	21.1	20.6	20.9	16	16	16.2	14.2
P/S	1.76	2.3	2	2.4	2.06	2.11	1.89	1.56	1.49	1.59	1.7
P/B	1.54	1.92	1.57	1.67	1.34	1.41	1.39	1.1	1.11	1.15	1.15
EV/EBITDA	9.56	10.9	10.9	12.7	11.2	12.1	13.6	10.6	9.95	9.75	10.4
EV/Sales	3.04	3.62	3.49	4.07	3.86	3.9	3.59	3.27	3.08	3.25	3.47
Earnings yield	5.41%	3.49%	4.9%	6.09%	4.75%	4.85%	4.79%	6.27%	6.24%	6.18%	7.05%
FCF yield	-1.9%	-0.06%	-2.24%	-1.37%	-2.69%	-5.68%	-10.1%	-1.89%	0.03%	-3.24%	-7.31%
PEG	—	—	—	—	—	—	—	—	—	—	0.09

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	61.8%	63.7%	64.6%	67.3%	69.9%	65.5%	57%	59.9%	58.8%	64.8%	66.6%
Operating margin	20.8%	21.2%	19%	17.1%	17.6%	15.9%	11.1%	14.7%	15.8%	18%	13.3%
Net margin	9.52%	8.02%	9.78%	14.6%	9.8%	10.2%	9.07%	9.77%	9.29%	9.83%	11.8%
ROE	8.33%	6.7%	7.7%	10.1%	6.38%	6.84%	6.65%	6.89%	6.95%	7.12%	8.31%
ROA	2.59%	2.1%	2.36%	3.23%	2.02%	2.15%	2.09%	2.22%	2.27%	2.31%	2.73%
ROIC	5.47%	4.92%	5.76%	4.74%	5.01%	4.46%	3.63%	4.7%	5.3%	5.27%	5.36%
Return on tangible assets	2.64%	2.15%	2.41%	3.29%	2.06%	2.19%	2.13%	2.26%	2.31%	2.35%	2.49%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.86	0.48	0.54	0.57	0.68	0.48	0.75	0.85	0.85	0.83	1.1
Quick ratio	0.73	0.4	0.44	0.45	0.55	0.38	0.64	0.65	0.6	0.56	0.6
Debt / equity	1.12	1.11	1.19	1.16	1.18	1.21	1.25	1.22	1.2	1.21	1.2
Debt / assets	0.35	0.35	0.36	0.37	0.37	0.38	0.39	0.39	0.39	0.39	0.39
Net debt / EBITDA	4.02	3.98	4.65	5.23	5.23	5.55	6.44	5.56	5.14	4.99	4.91
Interest coverage	3.55	3.14	2.68	3.28	2.35	2.56	2.2	1.98	2.26	2.47	2.55
Effective tax rate	36.3%	41.7%	16%	13.8%	5.16%	7.55%	0%	0%	1.64%	11.1%	10.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	22.7	22.4	21.3	20	19.5	20.1	23.4	22.9	24.6	24.3	23.4
EPS (basic)	2.16	1.8	2.08	2.93	1.91	2.06	2.13	2.24	2.29	2.38	2.38
EPS (diluted)	2.15	1.79	2.07	2.93	1.9	2.06	2.12	2.24	2.29	2.38	2.74
Book value per share	26	26.8	27	28.9	29.9	30.1	32	32.5	32.9	33.5	33.7
FCF per share	-0.76	-0.03	-0.95	-0.66	-1.08	-2.41	-4.49	-0.67	0.01	-1.25	-1.86
Cash per share	0.13	0.25	0.22	0.15	0.21	0.31	0.18	0.46	0.38	0.23	0.3
Capex per share	—	—	—	—	—	—	—	—	—	7.04	7.04

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	29%	29%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	121.5%	121.5%
Payout ratio	63.5%	79.8%	71.8%	52.2%	85.1%	80.2%	83.2%	82.3%	83.3%	82.4%	78.2%
Dividend yield	3.43%	2.78%	3.51%	3.18%	4.04%	3.89%	3.99%	5.16%	5.2%	5.09%	5.13%

Yield

5.13%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.493

ex-dividend Aug 18, 2026

Payout ratio

78%

of earnings

Dividend growth

19 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 18, 2026	$0.493
May 19, 2026	$0.493
Feb 25, 2026	$0.493

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$379.6M	$517.4M	$609.4M	$402.1M	$393.7M	$532.8M	$617M	$411M	$403M	$533M	$570M	—
YoY change	+5.61%	+1.41%	+28.4%	+5.83%	+3.72%	+2.98%	+1.24%	+2.22%	+2.35%	+0.04%	-7.62%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	8.5M	16.2M	14.7M	9.9M	14.2M	22.2M	13.4M	35M	30M	19M
Receivables	180.3M	185.7M	165.8M	166.7M	163.8M	203M	255.7M	216.7M	205M	220M
Inventory	53.3M	58.1M	63.9M	66.6M	67.5M	84.7M	107.7M	160M	193M	236M
Total current assets	351.3M	337.5M	346.9M	305.1M	344M	434.5M	721.8M	661.8M	656M	729M
Property, plant & equipment	-1.3B	-1.4B	-1.5B	-1.5B	-1.7B	-1.8B	-2B	-2B	-2.1B	-2.2B
Goodwill & intangibles	115.3M	115.3M	115.3M	104.9M	104.9M	121.8M	140.7M	143.7M	140M	140M
Total assets	5.3B	5.5B	5.8B	6.1B	6.4B	6.9B	7.4B	7.7B	7.9B	8.4B
Accounts payable	115.5M	107.3M	108.4M	110.2M	106.6M	133.1M	203M	143.3M	125M	163M
Short-term debt	123.3M	382.8M	297.6M	244.7M	210.2M	541.4M	476.5M	364M	354M	388M
Total current liabilities	407.5M	697.5M	639.6M	530.7M	505.9M	913.1M	964.5M	775.2M	771M	878M
Long-term debt	1.7B	1.5B	1.8B	2B	2.2B	2.1B	2.4B	2.7B	2.8B	2.9B
Total liabilities	3.7B	3.8B	4B	4.1B	4.4B	4.7B	5.1B	5.2B	5.3B	5.7B
Shareholders' equity	1.6B	1.7B	1.8B	1.9B	2B	2.2B	2.3B	2.5B	2.6B	2.7B
Total debt	1.9B	1.9B	2.1B	2.3B	2.4B	2.6B	2.9B	3B	3.1B	3.3B
Net debt	1.8B	1.9B	2.1B	2.2B	2.4B	2.6B	2.9B	3B	3.1B	3.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	15.7M	8.6M	35M	12.3M	14.6M	9.1M	30M	17M	9M	44M	19M	18M
Receivables	141.6M	131.9M	216.7M	218M	153.5M	143.7M	205M	216M	170M	155M	220M	195M
Inventory	115.8M	145.2M	160M	163.7M	175.6M	185.9M	193M	202M	216M	228M	236M	241M
Total current assets	526.9M	547.2M	661.8M	561.9M	550.9M	525.1M	656M	667M	667M	665M	729M	735M
Property, plant & equipment	-1.9B	-1.9B	-2B	-2B	-2B	-2B	-2.1B	-2.1B	-2.1B	-2.1B	-2.2B	-1.9B
Goodwill & intangibles	140.4M	137.4M	143.7M	141.7M	147.6M	143.5M	140M	136M	132M	130M	140M	138M
Total assets	7.4B	7.5B	7.7B	7.6B	7.7B	7.8B	7.9B	8B	8.1B	8.2B	8.4B	8.4B
Accounts payable	103.6M	105.3M	143.3M	102.9M	104.6M	104.5M	125M	113M	111M	118M	163M	119M
Short-term debt	210M	221.5M	364M	227.2M	259M	302.3M	354M	287M	270M	287M	388M	385M
Total current liabilities	541.2M	583.5M	775.2M	580.3M	624.8M	700.2M	771M	721M	668M	729M	878M	820M
Long-term debt	2.7B	2.7B	2.7B	2.8B	2.8B	2.8B	2.8B	2.8B	2.9B	2.9B	2.9B	2.9B
Total liabilities	5B	5.1B	5.2B	5.1B	5.2B	5.3B	5.3B	5.3B	5.4B	5.5B	5.7B	5.6B
Shareholders' equity	2.4B	2.4B	2.5B	2.5B	2.5B	2.5B	2.6B	2.6B	2.6B	2.6B	2.7B	2.8B
Total debt	2.9B	2.9B	3B	3B	3B	3.1B	3.1B	3B	3.2B	3.2B	3.3B	3.3B
Net debt	2.9B	2.9B	3B	3B	3B	3B	3.1B	3B	3.2B	3.1B	3.3B	3.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	137.3M	115.9M	136.6M	196.8M	129.5M	147.3M	155.2M	171.2M	180M	193M
Depreciation & amortization	164.9M	175.7M	187.3M	206M	224.2M	232.2M	253.1M	265.4M	274M	289M
Stock-based compensation	7.9M	7.4M	5.4M	11.4M	5.8M	4.7M	8.7M	8.4M	9M	9M
Change in working capital	-83.8M	22.8M	30.4M	37.1M	-35.4M	-16.3M	-106.2M	34.6M	-1M	-43M
Operating cash flow	317M	370.8M	327.4M	373.2M	302.4M	261.4M	142M	429.4M	517M	469M
Capital expenditure	—	—	—	—	—	—	—	—	—	-570M
Investing cash flow	-25.8M	-21.8M	-16.1M	13.4M	-6.4M	-5M	-8.2M	-11.8M	-6M	-564M
Dividends paid	-87.2M	-92.5M	-98M	-102.8M	-110.3M	-118.2M	-129.1M	-140.9M	-150M	-159M
Share repurchases	0	—	—	—	—	—	—	—	—	—
Financing cash flow	72.2M	31.5M	77M	42.5M	84M	185.5M	327.3M	84.9M	0	84M
Net change in cash	363.4M	380.5M	388.4M	429.2M	380M	442M	461.1M	502.6M	511M	-11M
Free cash flow	-48.4M	-2M	-62.5M	-44.3M	-73.3M	-172.6M	-327.8M	-51.6M	1M	-101M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	17.5M	14.7M	84.1M	71.5M	23.4M	18.8M	67.2M	79M	14M	29M	71M	92M
Depreciation & amortization	66.1M	66.9M	67.1M	67.9M	67.8M	67.7M	70.3M	71M	72M	73M	73M	67M
Stock-based compensation	3.2M	1.6M	1.3M	2.4M	4.3M	2.3M	709K	3M	4M	1M	1M	3M
Change in working capital	90.2M	17.7M	-74.2M	18.8M	27.8M	39.6M	-78.6M	11M	-87M	74M	-41M	19M
Operating cash flow	169.5M	122.3M	47M	189.5M	122.3M	123.2M	82.8M	178M	40M	170M	75M	179M
Capital expenditure	—	—	—	—	—	—	—	—	-143M	-133M	-191M	-150M
Investing cash flow	-1.6M	-5.2M	-2.4M	-1.2M	-7.3M	-3.9M	-1.4M	0	-143M	-125M	-191M	-148M
Dividends paid	-34.9M	-35.2M	-35.8M	-37.8M	-37.1M	-37.5M	-37.5M	-40M	-39M	-40M	-40M	-41M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-70.4M	22.2M	355.9M	-148.8M	-39.2M	-38.8M	121.8M	-161M	164M	-77M	158M	-35M
Net change in cash	97.5M	139.3M	400.5M	39.5M	75.9M	80.4M	203.2M	17M	61M	-32M	42M	-4M
Free cash flow	49.1M	-8.8M	-85.6M	71.4M	-5.2M	-27.2M	-37.8M	81M	-103M	37M	-116M	29M

Avista Corp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history