Avista (AVA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Avista

NYSE•Utilities•Utilities - Diversified

$36.74+0.43(0.01%)Pre-market

Market Cap

$3.01B

P/E

13.3x

P/S

1.6x

P/B

1.1x

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through two segments, Avista Utilities and Alaska Electric Light and Power Company (AEL&P). The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution and transmission 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 supply of electricity to customers in Montana; and wholesale purchase and sale of electricity and natural gas. The Alaska Electric Light and Power Company segment offers electric services in Juneau, Alaska. The company generates electricity through hydroelectric, thermal, wind, and solar generation facilities. As of December 31, 2025, it supplied retail electrical services to approximately 429,000 customers; retail natural gas services to approximately 386,000 customers; and electrical energy to approximately 17,600 customers. The company also operates five hydroelectric generation facilities with a capacity of 102.7 MW; and four diesel generating facilities with a capacity of 107.5 MW. In addition, it engages in venture fund investments, real estate investments, and other investments. The company was formerly known as Washington Water Power and changed its name to Avista Corporation in January 1999. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Profitability (18/25); weakest: Cash & Earnings Quality (3/25).

Profitability18/25

Growth12/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality3/25

Strengths

Strong marginsRising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.3x5y range 13.3x – 23.0x

Currently near its 20-quarter median.

P/S · 1.6x5y range 1.4x – 2.2x

Currently near its 20-quarter median.

P/B · 1.1x5y range 1.0x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $3.01B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.92B
Q. Revenue: $413.00M
TTM EBITDA: $641.00M
TTM Op. Income: $360.00M
Q. Op. Income: $54.00M
TTM Net Income: $227.00M
Q. Net Income: $35.00M
EPS: $0.43
Shares Out.: $83.06M

$1.92B in TTM revenue declined 1.8% YoY, reaching $413.00M last quarter. TTM EBITDA of $641.00M and TTM operating income of $360.00M show growth is flowing through to the bottom line. TTM net income of $227.00M means revenue is converting into profit. Over the past year, TTM revenue is down 2% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 29.5%
Op. Margin: 13.1%
Net Margin: 8.5%

Op. margin of 13.1% is down 0.8% YoY — costs are rising relative to revenue. Net margin at 8.5% Over the past year, operating margin is down 6% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.3x
P/S Ratio: 1.6x
P/B Ratio: 1.1x

At 13.3x P/E, the stock trades below typical market levels. P/S of 1.6x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.54B
Cash: $25.00M
Long-Term Debt: $2.98B
Book Value: $2.82B
D/E Ratio: 1.1
Debt/EBITDA: 24.4

With $8.54B in assets and $2.98B in long-term debt, D/E is 1.1and book value is $2.82B — moderate leverage. Over the past year, debt/equity is up 2% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $122.00M
TTM Free Cash Flow: $-104.00M
FCF Margin: -5.4%
FCF / Net Income: -0.5

TTM FCF of $-104.00M on $122.00M in operating cash flow. The FCF / Net Income ratio of -0.5x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 20% — an improving trend.