AVA
Avista Corporation
AVA's fundamentals are mixed: earnings per share grew 26%, but free cash flow was negative. At 14x earnings, it's trading below its usual 18x. Analysts expect earnings to hold roughly steady.
AVA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Weak | |
| Strong |
AVA's profitability and balance sheet are currently strong, and its revenue is stable, but its cash flow is weak.
AVA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 14x | $40.29 | — |
| Cheap | 15x | $45.64 | +13% |
| Forward | 15x | $40.29 | — |
| Fair | 18x | $52.17 | +29% |
| Expensive | 21x | $62.47 | +55% |
Historical ranges are pointers, not guarantees.
AVA's PE is in its cheap range at 14x. On analysts' estimates for next year's earnings, today's price would be 15x.
AVA Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect AVA's profitability to weaken, with its earnings and revenue holding steady.
AVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.68 | -10% |
| Q3 2026 | $2.98 | +26% |
| Q2 2026 | $2.77 | +24% |
| Q1 2026 | $2.51 | +6.4% |
| Q4 2025 | $2.38 | +3.9% |
| Q3 2025 | $2.37 | -6% |
| Q2 2025 | $2.24 | -9.7% |
| Q1 2025 | $2.36 | -2.5% |
| Q4 2024 | $2.29 | +2.2% |
AVA earned $2.98 per share over the past year, up 26% from the year before.
AVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $421M | +4.5% |
| Q2 2026 | $413M | +0.5% |
| Q1 2026 | $570M | -7.6% |
| Q4 2025 | $533M | 0% |
| Q3 2025 | $403M | +2.4% |
| Q2 2025 | $411M | +2.2% |
| Q1 2025 | $617M | +1.2% |
| Q4 2024 | $532.8M | +3% |
AVA's revenue fell from its 2025 peak and has held roughly level since: $421M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +0.8 points |
| Q2 2026 | 13% | -0.8 points |
| Q1 2026 | 24% | +3.3 points |
| Q4 2025 | 21% | +1.9 points |
| Q3 2025 | 15% | +2.5 points |
| Q2 2025 | 14% | +0.4 points |
| Q1 2025 | 20% | +3.7 points |
| Q4 2024 | 19% | -0.1 points |
AVA's operating margin was 16% last quarter, up 0.8 points from the same quarter a year ago.
AVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$51M | -238% |
| Q2 2026 | -$54M | +$49M |
| Q1 2026 | $29M | -64% |
| Q4 2025 | -$116M | -$78.2M |
| Q3 2025 | $37M | +$64M |
| Q2 2025 | -$103M | -$97.4M |
| Q1 2025 | $81M | +13% |
| Q4 2024 | -$37.8M | +$47.8M |
AVA has burned cash in most quarters: −$192M over the past year, against −$23M the year before.
AVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +695K shares |
| 1 year | +3.1% | +2.5M shares |
| 3 years | +9.2% | +7M shares |
| 5 years | +19% | +13.7M shares |
| Available history | +25% | +16.7M shares |
AVA has 84M diluted shares, up 3.1% from a year ago.
AVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 4.9x | High |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.4x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 5.1x | High |
AVA's net debt is less than a year of its operating earnings (EBITDA).
AVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.7 | Neutral |
| Stochastic | 69.4 | Neutral |
AVA's weekly RSI is 58 (neutral) and its Stochastic is 69 (neutral).
AVA PE vs Utilities Sector
| Metric | AVA | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 20x | 34% below |
| PE % | 2 | 44 | 42 pts below |
AVA is trading at 14x earnings, a 34% discount to the Utilities sector's median of 20x.
AVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.3 | 8% above |
| 20 week MA | $38.5 | 4.7% above |
| 50 week MA | $39.7 | 1.5% above |
| 100 week MA | $39.0 | 3.3% above |
| 200 week MA | $38.1 | 5.7% above |
AVA is in an uptrend: it's above all five of its weekly moving averages, and 5.7% above its 200-week average.
AVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $47.8 | $39.9 | -16% |
| 2021 | $39.9 | $41.3 | +3.5% |
| 2022 | $41.3 | $43.8 | +6.2% |
| 2023 | $43.8 | $35.7 | -18% |
| 2024 | $35.7 | $36.5 | +2.2% |
| 2025 | $36.5 | $38.5 | +5.3% |
| 2026 YTD | $38.5 | $40.3 | +4.7% |
AVA has finished higher in four of the last six years. It's up 4.7% so far in 2026.