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Regulated electric and natural gas utility serving eastern Washington, northern Idaho and parts of Oregon.
Regulated electric and natural gas utility serving eastern Washington, northern Idaho and parts of Oregon.
Earns an allowed return on invested plant, reset in rate cases in Washington, Idaho and Oregon, with part of fuel and purchased-power cost swings shared with customers; hydro dams on its own river system supply a large share of power. It also owns the electric utility in Juneau, Alaska, and wildfire risk is a recurring regulatory concern.
Moat: wide (regulatory licence, scale). Exclusive regulated service territory with state-approved rate-base returns.
Headquarters: Spokane, Washington, US · Founded: 1889 · Employees: 1,929
Size Avista (AVA) is a United States Utilities company (Electric Utilities) with a market value of $3.37B, the 1469th largest of 3,117 United States companies the cockpit tracks. Shares closed at $40.23 on 6 Nov 2026.
Performance Over six months the shares fell 1.4%, against -9.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 1.4% over the last twelve months (peer median +0.6%); the operating margin is 18.9% (peer median 12.6%).
Valuation It trades at 15.0× forward earnings against a peer median of 10.5× (6th most expensive of 19).
Capital Return on invested capital runs 1.3 points below its cost of capital (5.9% WACC).
Backlog Backlog (remaining performance obligations) was $16.0M at 30 Sep 2026, down 41% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Avista has 1 bond outstanding ($150M), rated A- by the agencies and trading like BBB at a weighted spread of 116 bp.
Short interest Short interest is 4.6% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.94B | $1.96B | $1.94B | $1.75B | $1.71B |
| Revenue growth | — | +1% | +11% | +2% | — |
| Gross profit | $485M | $475M | $422M | $367M | $304M |
| EBITDA | $649M | $643M | $580M | $523M | $443M |
| Net income | $247M | $193M | $180M | $171M | $155M |
| Free cash flow | -$192M | -$101M | $1.00M | -$51.6M | -$328M |
| Capital expenditure | $702M | $570M | $533M | $499M | $452M |
| Total debt | $3.46B | $3.29B | $3.12B | $3.04B | $2.92B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Avista AVA | $3.37B | -1% | -1% | 19% | 15.0× | n/a |
| NorthWestern Energy NWE | $5.09B | +14% | +11% | 19% | 20.6× | n/a |
| Portland General Electric POR | $5.47B | -5% | +3% | 16% | 12.9× | n/a |
| IDACORP IDA | $8.63B | +2% | +4% | 23% | 21.7× | n/a |
| Black Hills BKH | $6.47B | +13% | +3% | 24% | 18.2× | n/a |
| Pinnacle West Capital PNW | $12.6B | +5% | +8% | 23% | 19.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AVA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.4% | -2.5% | 2nd highest of 21 |
| 6-month return | -1.4% | -9.7% | 5th highest of 21 |
| Distance from 52-week high | -7.5% | -23.9% | 2nd highest of 21 |
| Revenue growth (TTM) | -1.4% | +0.6% | 10th lowest of 21 |
| Operating margin | 18.9% | 12.6% | 7th highest of 19 |
| Forward P/E | 15.0× | 10.5× | 6th most expensive of 19 |
| ROIC minus cost of capital | -1.3 pp | -0.8 pp | 9th lowest of 19 |
| EV / EBITDA | 10.5× | 10.3× | 7th cheapest of 13 |
| Net debt / EBITDA | 5.3× | 3.7× | 5th most indebted of 13 |
| Bond spread | 116 bp | 192 bp | 2nd tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Avista AVA | United States | $3.37B | -1% | -1% | 19% | 15.0× | n/a | n/a |
| Otter Tail OTTR | United States | $3.29B | -11% | +1% | 23% | 14.6× | n/a | n/a |
| GCL Energy Technology 002015.SZ | China | $3.27B | -24% | -3% | 15% | 21.5× | n/a | n/a |
| NLC India NLCINDIA.NS | India | $3.50B | -28% | +17% | 18% | 9.9× | n/a | n/a |
| GEPIC Energy Development 000791.SZ | China | $3.23B | -18% | -30% | 40% | 10.2× | -7.8% | +32.3% |
| Iren IRE.MI | Italy | $3.54B | -9% | -8% | 9% | 10.6× | 5.5% | +12.0% |
| Guangzhou Development 600098.SS | China | $3.56B | -3% | +4% | 4% | 14.9× | -1.0% | +9.9% |
| Guangdong Electric Power Development 000539.SZ | China | $3.64B | -21% | +8% | -1% | n/a | 9.8% | +8.9% |
| MGE Energy MGEE | United States | $3.03B | +9% | +8% | 23% | 19.0× | n/a | n/a |
| Pampa Energia SA Sponsored ADR PAM | United States | $3.78B | -19% | +29% | 21% | 7.4× | n/a | n/a |
| CECEP Wind-Power 601016.SS | China | $3.00B | -28% | -8% | 24% | 30.7× | 2.0% | +11.0% |
| Kenon KEN | United States | $2.99B | -35% | +53% | 8% | n/a | n/a | n/a |
| Drax DRX.L | United Kingdom | $3.88B | 0% | -8% | 9% | 10.4× | -0.2% | +4.8% |
| Tohoku Electric Power 9506.T | Japan | $3.89B | +13% | +17% | 3% | 4.9× | n/a | n/a |
| China Southern Power Grid Energy Efficiency & Clean Energy 003035.SZ | China | $2.89B | -31% | +10% | 18% | 39.1× | 11.6% | +12.9% |
| TAURON Polska Energia TPE.WA | Poland | $4.02B | -6% | 0% | n/a | 6.1× | 17.0% | +10.4% |
| Enea ENA.WA | Poland | $2.80B | -3% | -11% | n/a | 4.4× | -7.7% | +9.1% |
| TransAlta TA.TO | Canada | $4.15B | +5% | -12% | 8% | 49.9× | 21.9% | +4.1% |
| Tokyo Elec Power Co Hldgs 9501.T | Japan | $4.17B | -31% | -2% | 1% | 3.7× | n/a | n/a |
| AGL Energy AGL.AX | Australia | $4.21B | -3% | -6% | 11% | 10.5× | n/a | n/a |
| Northland Power NPI.TO | Canada | $4.22B | -4% | +15% | 34% | 14.3× | -1.7% | +3.4% |
Avista has 1 bond outstanding with $150M face value. The agencies rate it A-; its bonds trade like BBB. Weighted yield 6.08%, a spread of 116 bp over government bonds.
Avista reported $16.0M of remaining performance obligations at 30 Sep 2026, down 41% from a year earlier and down 16% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.