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Avista Corp (AVA) stock

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NYSE: AVA NYSE Multi-Utilities Next results ~November 4, 2026

C Fundamentals grade

Avista Corp is a US-listed company in the multi-utilities industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$43

Valuation models combined (5)

Base case. Range ~$35–$56. Weighted average of 5 models (utility earnings model, forward price-to-earnings vs peers, justified price-to-book, residual income, dividend discount (two-stage)), the utility earnings model counting double.

Price vs value

Modestly undervalued

The price is inside our value range, 12% below our base value.

Price used: $38.37, November 2, 2026

Avista Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds215 adding, 149 cuttingOf 58 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Avista files

Where Avista stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.92bn, down 1.8% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at -5.4%. The diluted share count is up 2.8% on a year earlier, which dilutes existing holders. It passes 1 of our 2 financial-health checks. Our valuation models combined value is $43.38 a share, against a share price of $37.28.

Source: 10-Q filed August 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Avista Corp's trailing-twelve-month revenue fell 1.8% year on year, with a free-cash-flow margin of -5.4%. Where it stands out: days sales outstanding of 29 days ranks 2 of 14 multi-utilities companies we cover. Where it lags: revenue growth of -1.8% ranks 17 of 17 multi-utilities companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 19.5% while net income grew 27.5%: a 47pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Avista Corp's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 1.8% over the last 12 months.
  • Burning cash. Free cash flow was -5.4% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.8% in a year.
  • Weak cash conversion. Free cash flow was -46% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.6% ranks 7 of 8 multi-utilities companies we cover (median 0.5%).

Latest results: FY2026 Q2

Filed August 3, 2026
Earnings per share
$0.43 against an average estimate of $0.24: beat by 75.9%
Revenue
$413m, up 0.5% on a year earlier
Share reaction
-3.1% in the first session after the results on August 3, 2026, against +3.3% for the S&P 500
Guidance given
non-GAAP utility earnings per diluted share guidance $2.52 to $2.72 (2026); effective tax rate assumption 12% (2026)
Next report
November 4, 2026; average EPS estimate $0.42

Avista's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.1%
  • 1 week+3.1%
  • 1 month+8.7%
  • This year+3.2%
  • 1 year+5.8%
  • 5 years+20.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.9B
Operating margin
18.8%
Net margin
11.8%
EPS (TTM, diluted)
$2.76

Growth

Revenue growth
−1.8%
Change in growth rate
−0.4 pts
Share count change
+2.8%

Cash

Free cash flow (TTM)
-$104M
FCF margin
-5.4%
Stock pay % of revenue
0.6%

Earnings

Last results
August 3, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Governance
  2. Announcement
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Avista Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$43
Price used
$38.23close November 3, 2026
Implied change
▲ +14%
Uncertainty
Low

How we got here: the combined value of 5 valuation models built for a business like Avista Corp (see the models table below and how they are combined) , with a 7% cost of equity. The models span ~$35–~$56; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Avista Corp as an utility or power producer, with every model that fits that kind of business. Cost of equity 7%: the 10-year Treasury yield (4.9%) plus a beta of 0.4 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$56 ~$46–$70 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$44 ~$43–$54 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$35 ~$30–$43 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$35 ~$24–$50 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$36 ~$29–$47 Included
Combined value Weighted average of the models that apply: the primary model (utility earnings model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$43 ~$35–$56 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Avista Corp with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$22.76$26.64$35.40$30.07$35.27$30.65$33.80$36.77$31.14$33.58$37.16$38.37
Market value$1.4bn$1.7bn$2.3bn$2.0bn$2.3bn$2.1bn$2.4bn$2.7bn$2.4bn$2.6bn$3.0bn$3.2bn
+ Net debt (− = net cash)$1.7bn$1.8bn$1.9bn$2.1bn$2.2bn$2.3bn$2.5bn$2.8bn$2.9bn$2.9bn$3.1bn$3.0bn
Enterprise value$3.1bn$3.5bn$4.2bn$4.0bn$4.5bn$4.4bn$4.9bn$5.5bn$5.3bn$5.6bn$6.1bn$6.1bn
Multiples
Price / sales 1.0x1.2x1.6x1.4x1.7x1.6x1.6x1.6x1.4x1.4x1.5x1.6x
Price / earnings 11.6x12.4x19.8x14.5x11.9x16.1x16.1x17.3x13.9x14.7x15.6x13.9x
Price / free cash flow —————————n/m——
EV / EBITDA 7.8x7.6x8.9x9.0x10.8x9.6x10.6x12.5x10.2x9.6x9.5x9.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Avista's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 2.2% of total assets over 10 years.

  • Durability 15 / 20

    Operating margin has been a median 16.9%; its worst year was 11.8%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 2 of 10 years, at a median -6.0% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 18.8% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $426m and EPS of $0.42 (range $0.39 to $0.45) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.63 +10% $2.0bn +2%
Next $2.79 +6% $2.1bn +3%

Next year's EPS estimate has moved 0.0% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.9% on 90 days ago. In the last 30 days, 1 analyst raised Avista Corp's forecast and 0 cut it.

Consensus EPS forecast Avista Corp, last 90 days
$2.60 $2.65 $2.70 $2.75 $2.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.60 Current fiscal year, 60 days ago: $2.61 Current fiscal year, 30 days ago: $2.61 Current fiscal year, 7 days ago: $2.63 Current fiscal year, Now: $2.63 $2.63 Next fiscal year, 90 days ago: $2.79 Next fiscal year, 60 days ago: $2.79 Next fiscal year, 30 days ago: $2.79 Next fiscal year, 7 days ago: $2.79 Next fiscal year, Now: $2.79 $2.79

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.60$2.79
60 days ago $2.61$2.79
30 days ago $2.61$2.79
7 days ago $2.63$2.79
Now $2.63$2.79

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.24 $0.43 +75.9%
Mar 2026 $1.03 $1.11 +8.3%
Dec 2025 $1.02 $0.87 −15.0%
Sept 2025 $0.28 $0.36 +26.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • Non-GAAP utility earnings per diluted share guidance 2026 $2.52 to $2.72 Non-GAAP Maintained
    “Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share.” source
  • Effective tax rate assumption 2026 about 12%
    “An effective tax rate of 12 percent” source
  • Capital expenditures guidance · Avista Utilities 2026 about $615m
    “Capital expenditures of $615 million for the year” source
  • Expected base annual capital expenditures · Avista Utilities 2027 about $635m
    “Expected base annual capital expenditures $ 615 $ 635 $ 800 $ 680 $ 710” source
  • Expected base annual capital expenditures · Avista Utilities 2028 about $800m
    “Expected base annual capital expenditures $ 615 $ 635 $ 800 $ 680 $ 710” source
  • Expected base annual capital expenditures · Avista Utilities 2029 about $680m
    “Expected base annual capital expenditures $ 615 $ 635 $ 800 $ 680 $ 710” source
Show 4 more items
  • Expected base annual capital expenditures · Avista Utilities 2030 about $710m
    “Expected base annual capital expenditures $ 615 $ 635 $ 800 $ 680 $ 710” source
  • ERM impact on EPS guidance · Avista Utilities 2026 about $-0.10
    “A negative impact from the ERM of ($0.10) cents per diluted share within the 90% customer, 10% company sharing band” source
  • Expected common stock issuance 2026 about $90m
    “We expect to issue up to $90 million of common stock in 2026, including $58 million issued in the first half of 2026.” source
  • Expected long-term debt issuance 2026 about $230m
    “We also expect to issue $230 million of long-term debt during 2026 (including $160 million issued in the first half of 2026).” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

7 analysts, Nov 2026
Buy114%
Hold571%
Sell114%

Monthly trend

  1. Nov 20261517
  2. Oct 20261517
  3. Sep 20261517

Counts of recommendations published by analysts covering Avista Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.4%
of tradable shares
Days to cover
5.16
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
92%
of shares
Held by insiders
0.9%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +5.8%

$36.25 on October 31, 2025 to $38.37

ThenNowEffect
Revenue (last 12 months) $2.0bn $1.9bn −1.8%
Net margin 9.1% 11.8% +29.9%
P/E multiple 16.3x 13.9x −14.7%
Share count 80m 82m −2.7%

Biggest factor: net margin.

Last 3 years +27.4%

$30.13 on November 3, 2023 to $38.37

ThenNowEffect
Revenue (last 12 months) $1.7bn $1.9bn +11.3%
Net margin 8.4% 11.8% +41.3%
P/E multiple 15.6x 13.9x −11.1%
Share count 75m 82m −8.9%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AVA+10%+9%−15%+8%+11%+3%
Industry peers (median)+10%+3%−2%+14%+14%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AVA42%67%42%50%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AVA−18%−20%−29%−12%−14%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 37% from March 6, 2020 to March 23, 2020. Getting back needed a 59% gain, reached on March 31, 2025, 1834 days after the low.

Price behaviour

52-week range
$34.79 – $41.89
From 52-week high
−8.4%
vs 50-day average
+4.9%
vs 200-day average
−1.8%
Volatility (1 year)
19%
Beta vs S&P 500
-0.21

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.2%
After a week
6 up, 6 down
typical move ±3.9%
After a month
7 up, 5 down
typical move ±5.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 −3.1% +3.3% −5.5% −5.8%
February 25, 2026 −5.7% +0.3% −4.3% −6.1%
November 5, 2025 +4.5% −0.7% +7.7% +1.3%
August 6, 2025 −2.1% +0.7% −1.1% −2.3%
May 7, 2025 −3.1% +1.1% −9.2% −9.6%
February 26, 2025 +4.5% −1.5% +3.5% +4.9%
November 6, 2024 −1.8% +3.3% +0.6% +1.3%
August 7, 2024 −0.3% +1.6% −1.2% +1.9%
May 1, 2024 +2.3% +0.6% +4.5% +4.1%
February 21, 2024 +1.6% +2.2% +0.1% +1.0%
November 1, 2023 +8.4% +3.0% +6.9% +11.6%
August 2, 2023 +0.6% −1.7% −2.1% −10.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Avista Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed. Check the live chain at your broker before trading.

Option prices are read during US trading hours (9:30 to 16:00 New York time). Outside them the chain shows no bids or offers, so this screen fills in after the next session opens.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Avista Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Avista Corp
$1.7B $1.8B $1.9B $2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.7B Revenue (TTM), FY23 Q4: $1.8B Revenue (TTM), FY24 Q1: $1.9B Revenue (TTM), FY24 Q2: $1.9B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $1.9B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $2B Revenue (TTM), FY25 Q3: $2B Revenue (TTM), FY25 Q4: $2B Revenue (TTM), FY26 Q1: $1.9B Revenue (TTM), FY26 Q2: $1.9B $1.9B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.7B
FY23 Q4 $1.8B
FY24 Q1 $1.9B
FY24 Q2 $1.9B
FY24 Q3 $1.9B
FY24 Q4 $1.9B
FY25 Q1 $1.9B
FY25 Q2 $2B
FY25 Q3 $2B
FY25 Q4 $2B
FY26 Q1 $1.9B
FY26 Q2 $1.9B
Revenue growth, TTM YoY Avista Corp
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 6.9% Revenue growth, TTM YoY, FY23 Q4: 2.5% Revenue growth, TTM YoY, FY24 Q1: 9.5% Revenue growth, TTM YoY, FY24 Q2: 10.7% Revenue growth, TTM YoY, FY24 Q3: 10.2% Revenue growth, TTM YoY, FY24 Q4: 10.6% Revenue growth, TTM YoY, FY25 Q1: 3.2% Revenue growth, TTM YoY, FY25 Q2: 2.4% Revenue growth, TTM YoY, FY25 Q3: 2.1% Revenue growth, TTM YoY, FY25 Q4: 1.3% Revenue growth, TTM YoY, FY26 Q1: -1.5% Revenue growth, TTM YoY, FY26 Q2: -1.8% -1.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 6.9%
FY23 Q4 2.5%
FY24 Q1 9.5%
FY24 Q2 10.7%
FY24 Q3 10.2%
FY24 Q4 10.6%
FY25 Q1 3.2%
FY25 Q2 2.4%
FY25 Q3 2.1%
FY25 Q4 1.3%
FY26 Q1 -1.5%
FY26 Q2 -1.8%
Operating margin (TTM) Avista Corp
12% 14% 16% 18% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 12.7% Operating margin (TTM), FY23 Q4: 14.7% Operating margin (TTM), FY24 Q1: 15.0% Operating margin (TTM), FY24 Q2: 15.4% Operating margin (TTM), FY24 Q3: 15.8% Operating margin (TTM), FY24 Q4: 15.8% Operating margin (TTM), FY25 Q1: 17.0% Operating margin (TTM), FY25 Q2: 17.0% Operating margin (TTM), FY25 Q3: 17.5% Operating margin (TTM), FY25 Q4: 18.0% Operating margin (TTM), FY26 Q1: 18.9% Operating margin (TTM), FY26 Q2: 18.8% 18.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 12.7%
FY23 Q4 14.7%
FY24 Q1 15.0%
FY24 Q2 15.4%
FY24 Q3 15.8%
FY24 Q4 15.8%
FY25 Q1 17.0%
FY25 Q2 17.0%
FY25 Q3 17.5%
FY25 Q4 18.0%
FY26 Q1 18.9%
FY26 Q2 18.8%
FCF margin (TTM) Avista Corp
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -9.9% FCF margin (TTM), FY23 Q4: -3.0% FCF margin (TTM), FY24 Q1: 1.3% FCF margin (TTM), FY24 Q2: -1.5% FCF margin (TTM), FY24 Q3: -2.4% FCF margin (TTM), FY24 Q4: 0.1% FCF margin (TTM), FY25 Q1: 0.6% FCF margin (TTM), FY25 Q2: -4.5% FCF margin (TTM), FY25 Q3: -1.2% FCF margin (TTM), FY25 Q4: -5.1% FCF margin (TTM), FY26 Q1: -8.0% FCF margin (TTM), FY26 Q2: -5.4% -5.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -9.9%
FY23 Q4 -3.0%
FY24 Q1 1.3%
FY24 Q2 -1.5%
FY24 Q3 -2.4%
FY24 Q4 0.1%
FY25 Q1 0.6%
FY25 Q2 -4.5%
FY25 Q3 -1.2%
FY25 Q4 -5.1%
FY26 Q1 -8.0%
FY26 Q2 -5.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Avista took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2B
  2. Other operating costs $1.6B · 82.0%
  3. Operating income $354M · 18.0%
  4. Income tax $24M · 1.2%
  5. Interest and other $137M · 7.0%
  6. Net income $193M · 9.8%

Shares of revenue. Source: Avista's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,513 1,559 1,620 1,391 1,442 1,473 1,485 1,442 1,446 1,397 1,346 1,322 1,439 1,710 1,752 1,938 1,964 1,919
EBITDA 300 327 342 314 364 391 401 465 468 448 416 457 460 443 523 580 643 641
Operating income 201 220 228 187 231 253 253 300 292 261 210 233 228 190 258 306 354 360
Net income 87 92 100 78 111 192 123 137 116 136 197 129 147 155 171 180 193 227
Diluted EPS $1.58 $1.65 $1.72 $1.32 $1.85 $3.10 $1.97 $2.15 $1.79 $2.07 $2.97 $1.90 $2.10 $2.12 $2.24 $2.29 $2.38 $2.76
Growth (year on year)
Revenue −9.8% +3.1% +3.9% −14.1% +3.6% +2.1% +0.8% −2.8% +0.2% −3.4% −3.7% −1.8% +8.9% +18.8% +2.5% +10.6% +1.3% −1.8%
EBITDA +8.2% +9.0% +4.4% −8.2% +16.2% +7.3% +2.6% +15.9% +0.7% −4.1% −7.1% +9.7% +0.8% −3.8% +18.1% +10.9% +10.9% +4.4%
Operating income +8.5% +9.5% +3.8% −17.9% +23.5% +9.3% +0.2% +18.4% −2.6% −10.6% −19.4% +10.6% −1.9% −16.8% +35.8% +18.6% +15.7% +8.1%
Net income +18.3% +6.1% +8.4% −22.0% +42.0% +72.9% −35.8% +11.4% −15.5% +17.7% +44.4% −34.3% +13.8% +5.2% +10.3% +5.3% +7.2% +27.5%
Diluted EPS +16.2% +4.4% +4.2% −23.3% +40.2% +67.6% −36.5% +9.1% −16.7% +15.6% +43.5% −36.0% +10.5% +1.0% +5.7% +2.2% +3.9% +24.1%
Margins
EBITDA margin 19.9% 21.0% 21.1% 22.5% 25.3% 26.5% 27.0% 32.2% 32.4% 32.1% 30.9% 34.6% 32.0% 25.9% 29.9% 29.9% 32.7% 33.4%
Operating margin 13.3% 14.1% 14.1% 13.4% 16.0% 17.2% 17.1% 20.8% 20.2% 18.7% 15.6% 17.6% 15.9% 11.1% 14.7% 15.8% 18.0% 18.8%
Net margin 5.8% 5.9% 6.2% 5.6% 7.7% 13.0% 8.3% 9.5% 8.0% 9.8% 14.6% 9.8% 10.2% 9.1% 9.8% 9.3% 9.8% 11.8%
Free-cash-flow margin 3.5% 1.7% 1.8% 3.3% −3.6% −4.0% −1.2% −3.4% −0.1% −4.5% −3.3% −5.5% −12.0% −19.2% −3.0% 0.1% −5.1% −5.4%
Cash flow
Cash from operations 259 228 269 317 243 267 376 358 410 362 398 331 267 124 447 534 469 546
Capital spending 205 202 240 271 294 326 393 407 412 424 443 404 440 452 499 533 570 650
Free cash flow 53 26 30 45 −52 −58 −18 −48 −2 −62 −44 −73 −173 −328 −52 1 −101 −104
Stock-based pay 3 5 6 6 6 8 7 8 7 5 11 6 5 9 8 9 9 11
Free cash flow after stock pay 50 21 24 40 −58 −66 −25 −56 −9 −68 −56 −79 −177 −337 −60 −8 −110 −115
Balance sheet
Cash 37 69 75 75 83 22 10 9 16 15 10 14 22 13 35 30 19 25
Total debt 1,164 1,289 1,360 1,389 1,548 1,617 1,717 1,817 1,892 2,079 2,165 2,295 2,516 2,845 2,968 2,973 3,147 2,985
Net debt (negative = net cash) 1,127 1,219 1,285 1,313 1,465 1,595 1,706 1,808 1,876 2,065 2,155 2,281 2,494 2,832 2,933 2,943 3,128 2,960
Diluted shares 55m 56m 58m 59m 60m 62m 63m 64m 65m 66m 66m 68m 70m 73m 76m 79m 81m 82m
Returned to shareholders
Dividends 44 56 64 69 73 78 82 87 92 98 103 110 118 129 141 150 159 161
Buybacks — — — 0 0 80 3 0 0 — — — — — — — — —
Total returned 44 56 64 69 73 158 85 87 92 98 103 110 118 129 141 150 159 161

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · June 30, 2026
What it owns · $8.5bn
Short-term assets $715mLonger-term assets $7.8bn
What it owes, and who funded it · $8.5bn
Short-term liabilities $650mLonger-term liabilities $5.1bnShareholders' equity $2.8bn
  • Short-term assets cover short-term liabilities $715m of assets due within a year against $650m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $715m short-term assets against $5.1bn of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Avista Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$161M
Diluted share count
+2.8%
year over year
Total shareholder yield
5.0%
dividends 5.0% + buybacks 0.0% of market value
Dividend payout ratio
71%
of net income paid out
Days sales outstanding
29 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in multi-utilities
Last 12 months unless stated AVA MDU NWE BKH PNW UTL Median
Revenue, last 12 months $1.9bn $1.8bn $1.7bn $2.3bn $5.6bn $608m $9.0bn
Revenue growth, last 12 months −1.8% −1.1% 10.7% 2.5% 5.7% 21.1% 7.8%
Revenue growth, 3-year average 3.6% −5.2% 4.0% −3.8% 6.9% 1.1% 2.3%
Revenue growth, latest quarter 0.5% 6.9% 14.6% 3.1% 7.1% 11.4% 6.6%
Operating margin 18.8% 17.0% 18.8% 23.9% 20.5% 18.6% 20.4%
Operating margin, 3-year average 17.1% 35.5% 21.1% 23.6% 19.8% 18.5% 20.4%
Net margin 11.8% 10.7% 10.1% 13.0% 11.5% 9.1% 11.8%
Cash from operations / revenue 28.5% 22.1% 24.6% 27.3% 31.9% 26.7% 28.8%
Free-cash-flow margin −5.4% −21.1% −11.4% −13.3% −15.8% −6.6% −13.3%
Free-cash-flow margin, 3-year average −3.8% 6.9% −9.6% −3.3% −14.9% −7.6% −7.6%
Stock pay / revenue 0.6% 0.4% 0.4% 0.5% 0.5% — 0.5%
Change in share count 2.8% 1.2% 0.3% 4.8% 3.9% 9.5% 2.2%

Median of all 17 companies we cover in multi-utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 multi-utilities companies
Measure Company Peer median Rank
Revenue growth Growth -1.8% 7.8% 17 of 17
Change in growth rate Growth -0.4pp -0.2pp 10 of 17
Operating margin Profitability 18.8% 20.5% 11 of 16
Net margin Profitability 11.8% 11.8% 9 of 17
Free-cash-flow margin Cash generation -5.4% -13.3% 6 of 17
Stock pay as % of revenue Cash generation 0.6% 0.5% 7 of 8
Change in share count Balance sheet 2.8% 2.2% 11 of 17
Days sales outstanding Balance sheet 29 days 39 days 2 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Avista Utilities $1.6B ▲ 3.5%
Alaska Electric Light Power $47M ▼ 4.1%

These categories overlap or exclude eliminations, so shares aren't shown.

From Avista Corp's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
411
Shares held vs prior quarter
▲ 5.6%
Positions opened / closed
43 / 35

Top buyers and sellers, Q2 2026: 215 institutions bought and 149 sold ; the biggest buyer was Atlas Infrastructure Partners (UK) Ltd (+2.3M shares) and the biggest seller Westwood Holdings Group Inc (−557K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $605M 14.8M 19.8% ▲ 3.9%
Vanguard Portfolio Management LLC $295M 7.2M 9.7% ▲ 3.2%
State Street Corp $220M 5.4M 7.2% ▲ 4.8%
Vanguard Capital Management LLC $154M 3.8M 5.0% ▲ 1.9%
Atlas Infrastructure Partners (UK) Ltd. $93.7M 2.3M 3.1% New
Geode Capital Management, LLC $90.9M 2.2M 3.0% ▲ 7.8%
Westwood Holdings Group Inc $81.1M 2.0M 2.7% ▼ 21.9%
Dimensional Fund Advisors LP $62.7M 1.5M 2.1% ▲ 1.1%
Morgan Stanley $61.4M 1.5M 2.0% ▼ 11.7%
Invesco Ltd. $58M 1.4M 1.9% ▲ 8.5%
Two Sigma Investments, LP $50.8M 1.2M 1.7% ▲ 22.3%
Charles Schwab Investment Management Inc $47.6M 1.2M 1.6% ▼ 2.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Avista Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $692,717 8 trades by 5 insiders · 0% under pre-set plans
Net ▼ $692,717 net selling
Insider Date Trade Shares Price Value
Diluciano Joshua D Vice President September 2, 2026 Sell 3,857 $37.24 $143,635
Diluciano Joshua D Vice President September 2, 2026 Sell 818 $37.25 $30,470
Manuel Wayne O Senior Vice President May 7, 2026 Sell 1,593 $40.98 $65,281
Alexander Alexis G. Vice President March 13, 2026 Sell 555 $39.80 $22,089
Cox Bryan Alden Senior Vice President February 26, 2026 Sell 1,768 $40.18 $71,038
Manuel Wayne O Senior Vice President December 16, 2025 Sell 1,785 $38.74 $69,151
Widmann Janet D. Director December 12, 2025 Sell 7,400 $38.63 $285,862
Alexander Alexis G. Vice President December 2, 2025 Sell 127 $40.87 $5,190

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 3, 2026
  • February 25, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025
  • February 26, 2025

Recent SEC filings

Data status

When each part of this page on Avista Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Avista Corp in brief

What does Avista Corp do?
Avista Corp is a US-listed company in the multi-utilities industry. Its financial year ends in December.
What is Avista Corp's stock ticker?
Avista Corp trades under the ticker AVA on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Avista Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Avista Corp reported revenue of $1.9B, 1.8% lower than a year earlier, according to its SEC filings.
What is Avista Corp's free cash flow?
Avista Corp's free-cash-flow margin is -5.4% of revenue over the trailing twelve months, ranking 6 of the 17 multi-utilities companies we cover.
Who are Avista Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Avista Corp's market cap?
On November 2, 2026, Avista Corp's market capitalisation was about $3.2B, with a price-to-earnings ratio of 13.9 and net debt of $3B. Market figures come from third-party market data and may be delayed.
Does Avista Corp pay a dividend?
Yes: Avista Corp paid $161M in dividends over the trailing twelve months, a dividend yield of 5.01% and a payout ratio of 70.9%.
Who are Avista Corp's competitors?
In our Multi-Utilities peer group, the companies closest to Avista Corp are MDU Resources Group Inc, Northwestern Energy Group, Inc., Black Hills Corp, Pinnacle West Capital and Unitil Corp. The side-by-side comparison below sets their revenue, margins and growth against Avista Corp's.
Are insiders buying or selling Avista Corp stock?
Over the last 12 months, Avista Corp's directors and officers reported 0 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Avista Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Avista Corp announces its own schedule.