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NYSE · Utilities

AVISTA CORP (AVA)

As-reported financials and SEC filings for AVISTA CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AVISTA CORP

Avista Corp is an electric and natural gas utility company serving customers primarily in Washington, Idaho, Oregon, Montana, and Juneau, Alaska through its subsidiary AEL&P. It provides electric distribution, transmission, and natural gas distribution services, as well as electric generation from hydroelectric, thermal, wind, and solar facilities. The company serves approximately 429,000 electric customers and 386,000 natural gas customers across a service territory covering 34,000 square miles.

Snapshot

Revenue
$1.96B
Revenue growth (YoY)
1.3%
Net income
$193.0M
Diluted EPS
$2.38
Gross margin
Operating margin
18.0%
Net margin
9.8%
FCF margin
-5.1%
ROE
7.1%
net income / fiscal-year-end equity
P/E
13.6×
trailing when available, otherwise FY EPS
Market cap
$3.20B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Avista

  • Revenue grew 1.3% to $2.0B in FY2025, slower than the 10.6% the year before.
  • Operating margin is 18.0% in FY2025, +2.2 pp against 15.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $413M, up 0.5% from Q2 FY2025.
  • Free cash flow was negative $101M in FY2025.
  • Net income rose 7.2% to $193M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Avista’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin18.0%
39th percentile of 86
Net margin9.8%
37th percentile of 91
FCF margin-5.1%
48th percentile of 76
Revenue growth (YoY)+1.3%
18th percentile of 94
ROE7.1%
30th percentile of 89
P/E13.6×
15th percentile of 83
Short interest6.24d
64th percentile of 98

Avista’s P/E of 13.6 ranks in the 15th percentile of the 83 peers with a meaningful P/E.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$141.7M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$50.8M1.2MAdded
AQR Capital ManagementquantQ2 2026$28.7M702.5KAdded
D. E. ShawquantQ2 2026$21.1M516.9KReduced
Bridgewater AssociatesQ2 2026$19.3M472.0KAdded
Renaissance TechnologiesquantQ2 2026$10.9M266.7KAdded
Millennium ManagementquantQ2 2026$6.8M165.6KAdded
Point72 Asset ManagementquantQ2 2026$3.4M82.5KReduced
Citadel AdvisorsquantQ2 2026$615,98215.1KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-07
Manuel Wayne OSenior Vice PresidentSell1.6K$40.98$65K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.4M
settled 2026-08-14
Change vs prior
+1.1%
vs previous settlement
Days to cover
6.24
at avg daily volume
Avg daily volume
710.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.4M+1.1%6.24
2026-07-314.4M+10.1%8.24
2026-07-154.0M+13.7%7.66
2026-06-303.5M+15.8%3.37
2026-06-153.0M+14.7%3.28
2026-05-292.6M-7.9%3.25
2026-05-152.9M-4.3%5.37
2026-04-303.0M+7.5%5.82

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.96B$1.94B$1.75B$1.71B$1.44B
Gross profit
Operating income$354.0M$306.0M$258.0M$190.0M$228.2M
Net income$193.0M$180.0M$171.0M$155.0M$147.3M
Diluted EPS$2.38$2.29$2.24$2.12$2.10

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$19.0M$30.0M$35.0M$13.4M$22.2M
Current assets$729.0M$656.0M$662.0M$721.8M$434.5M
Total assets$8.36B$7.94B$7.70B$7.42B$6.85B
Current liabilities$878.0M$771.0M$775.0M$964.5M$913.1M
Long-term debt$2.28B$1.90B
Total liabilities$5.65B$5.35B$5.22B$5.08B$4.70B
Total equity$2.71B$2.59B$2.48B$2.33B$2.15B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$469.0M$534.0M$447.0M$124.0M$267.3M
Capital expenditure$570.0M$533.0M$499.0M$452.0M$439.9M
Free cash flow$-101.0M$1.0M$-52.0M$-328.0M$-172.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$413.0M0.5%$35.0M$0.43
Q1 FY2026$570.0M-7.6%$92.0M$1.11
Q4 FY2025$533.0M0.0%$71.0M$0.87
Q3 FY2025$403.0M2.3%$29.0M$0.36
Q2 FY2025$411.0M2.2%$14.0M$0.17
Q1 FY2025$617.0M1.3%$79.0M$0.98
Q4 FY2024$533.0M2.9%$67.0M$0.84
Q3 FY2024$394.0M3.8%$18.0M$0.23

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryElectric & Other Services Combined
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK104918

Selected SEC filings

10-Q2026-08-03
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-19
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-07-02
View on EDGAR →

Largest Utilities peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.