Avista
AVA · Multi-Utilities
$37.69
0.1%MDU Resources Group
MDU · Multi-Utilities
$19.22
0.8%The short version
- Avista is the larger business, with $2.0B of revenue in fiscal 2025 against $1.9B for MDU Resources Group.
- MDU Resources Group grew revenue faster (6.7%, against 1.3%).
- Avista kept more of each dollar of sales as operating profit (18.0% operating margin, against 15.5% operating margin).
- Avista turned more of its sales into free cash flow (−5.1% FCF margin, against −15.8% FCF margin).
- Investors pay more for each dollar of MDU Resources Group’s earnings: a P/E of 20.2x against 13.6x for Avista.
| Latest fiscal year | AVA · FY25 | MDU · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.1B | $4.1B |
| Revenue | $2.0B | $1.9B |
| Free cash flow | −$101M | −$297M |
| Net income | $193M | $190M |
| Growth | ||
| Revenue growth | 1.3% | 6.7% |
| 5-year growth | 8.2% | −19.5% |
| Share count change | 2.8% | 0.3% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 18.0% | 15.5% |
| Net margin | 9.8% | 10.2% |
| FCF margin | −5.1% | −15.8% |
| Return on capital | — | 5.1% |
| Return on equity | 7.3% | 7.0% |
| Balance sheet | ||
| Net debt | — | $2.6B |
| Net debt / EBITDA | — | 5.3x |
| Dividends and buybacks | $159M | $108M |
| Valuation & quality | ||
| P/E | 13.6x | 20.2x |
| Piotroski F-score | — | 4 |
FY16
AVA $1.4B
MDU $4.1B
FY17
AVA $1.4B
MDU $4.4B
FY18
AVA $1.4B
MDU $4.5B
FY19
AVA $1.3B
MDU $5.3B
FY20
AVA $1.3B
MDU $5.5B
FY21
AVA $1.4B
MDU $3.5B
FY22
AVA $1.7B
MDU $1.7B
FY23
AVA $1.8B
MDU $1.8B
FY24
AVA $1.9B
MDU $1.8B
FY25
AVA $2.0B
MDU $1.9B
AVA
MDU
FY16
AVA 20.8%
MDU 9.9%
FY17
AVA 20.2%
MDU 9.5%
FY18
AVA 18.7%
MDU 8.9%
FY19
AVA 15.6%
MDU 9.0%
FY20
AVA 17.6%
MDU 9.9%
FY21
AVA 15.9%
MDU 9.6%
FY22
AVA 11.1%
MDU 11.5%
FY23
AVA 14.7%
MDU 12.5%
FY24
AVA 15.8%
MDU 15.1%
FY25
AVA 18.0%
MDU 15.5%
AVA
MDU
FY16
AVA −$48.4M
MDU $74.0M
FY17
AVA −$2.0M
MDU $107M
FY18
AVA −$62.5M
MDU −$68.4M
FY19
AVA −$44.3M
MDU −$33.8M
FY20
AVA −$73.3M
MDU $210M
FY21
AVA −$173M
MDU $10.6M
FY22
AVA −$328M
MDU $67.5M
FY23
AVA −$52.0M
MDU −$152M
FY24
AVA $1.0M
MDU −$20.5M
FY25
AVA −$101M
MDU −$297M
AVA
MDU
FY16
AVA 5.9%
MDU 7.0%
FY17
AVA 4.9%
MDU 8.5%
FY18
AVA 5.9%
MDU 7.8%
FY19
AVA 4.6%
MDU 8.4%
FY20
AVA 5.3%
MDU 8.7%
FY21
AVA 4.8%
MDU 4.9%
FY22
AVA 3.9%
MDU 3.2%
FY23
AVA —
MDU 4.0%
FY24
AVA —
MDU 4.8%
FY25
AVA —
MDU 5.1%
AVA
MDU
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.