Avista Corporation Common Stock (AVA)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-and-Graham-minded investor, I look first for a durable business at a sensible price. Avista is a regulated electric and gas utility serving parts of Washington, Idaho, and Alaska. Regulation can be a modest moat: customers need the service, and returns are largely set by regulators, though that also caps upside. The filed numbers show a steady but not exceptional enterprise. In fiscal 2025, revenue was $2.0B, net income was $193.0M, and diluted EPS was $2.38; in fiscal 2024, revenue was $1.9B, net income was $180.0M, and diluted EPS was $2.29. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $570.0M and net income was $92.0M; in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $413.0M and net income was $35.0M. Those seasonal swings are normal, but earnings are uneven. FairStock's calculations put the shares at 13.08 times earnings and 1.08 times book at the 2026-10-13 close, with a 5.43% dividend yield. The Graham Number of $45.75 suggests about a 20.83% margin of safety. Yet return on equity is 8.31%, return on capital is 2.73%, debt-to-equity is 1.20, and trailing free cash flow is negative $153.0M. The Altman Z-Score of 0.59 flags financial risk, even for a utility. Piotroski is 7/9. FairStock labels it a STALWART: profit grew 8.3% a year over five years and revenue 8.2%. Overall, this is a steady, low-beta utility with an okay price, but heavy debt and weak cash generation demand caution.

In plain English: Avista sells electricity and natural gas to homes and businesses in parts of Washington, Idaho, and Alaska. The business is steady and regulated, but it carries a lot of debt and currently spends more cash than it brings in. At the recent price of $36.22, the shares look modestly cheap compared with the company's earnings and dividend, though the risks mean they are not a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer