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Side-by-side financial comparison of AVISTA CORP (AVA) and ESAB Corp (ESAB). Click either name above to swap in a different company.

ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $533.0M, roughly 1.4× AVISTA CORP). AVISTA CORP runs the higher net margin — 13.3% vs 7.5%, a 5.8% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 0.0%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-116.0M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -6.5%).

Avista Corporation is an American energy company which generates and transmits electricity and distributes natural gas to residential, commercial, and industrial customers. Approximately 1,550 employees provide electricity, natural gas, and other energy services to 359,000 electric and 320,000 natural gas customers in three western states. The service territory covers 30,000 square miles (78,000 km2) in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, with a popul...

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

AVA vs ESAB — Head-to-Head

Bigger by revenue
ESAB
ESAB
1.4× larger
ESAB
$727.8M
$533.0M
AVA
Growing faster (revenue YoY)
ESAB
ESAB
+8.5% gap
ESAB
8.5%
0.0%
AVA
Higher net margin
AVA
AVA
5.8% more per $
AVA
13.3%
7.5%
ESAB
More free cash flow
ESAB
ESAB
$186.3M more FCF
ESAB
$70.3M
$-116.0M
AVA
Faster 2-yr revenue CAGR
ESAB
ESAB
Annualised
ESAB
2.8%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AVA
AVA
ESAB
ESAB
Revenue
$533.0M
$727.8M
Net Profit
$71.0M
$54.8M
Gross Margin
37.0%
Operating Margin
21.0%
14.6%
Net Margin
13.3%
7.5%
Revenue YoY
0.0%
8.5%
Net Profit YoY
5.7%
2.1%
EPS (diluted)
$0.87
$0.90

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVA
AVA
ESAB
ESAB
Q4 25
$533.0M
$727.8M
Q3 25
$403.0M
$715.6M
Q2 25
$411.0M
$678.1M
Q1 25
$617.0M
Q4 24
$532.8M
$670.8M
Q3 24
$393.7M
$673.3M
Q2 24
$402.1M
$707.1M
Q1 24
$609.4M
$689.7M
Net Profit
AVA
AVA
ESAB
ESAB
Q4 25
$71.0M
$54.8M
Q3 25
$29.0M
$66.9M
Q2 25
$14.0M
$67.4M
Q1 25
$79.0M
Q4 24
$67.2M
$53.7M
Q3 24
$18.5M
$68.2M
Q2 24
$22.9M
$82.9M
Q1 24
$71.5M
$60.0M
Gross Margin
AVA
AVA
ESAB
ESAB
Q4 25
37.0%
Q3 25
37.2%
Q2 25
37.6%
Q1 25
Q4 24
38.5%
Q3 24
37.7%
Q2 24
38.2%
Q1 24
37.0%
Operating Margin
AVA
AVA
ESAB
ESAB
Q4 25
21.0%
14.6%
Q3 25
14.9%
15.2%
Q2 25
13.9%
16.2%
Q1 25
20.3%
Q4 24
19.1%
16.6%
Q3 24
12.4%
15.7%
Q2 24
13.5%
16.9%
Q1 24
16.6%
16.0%
Net Margin
AVA
AVA
ESAB
ESAB
Q4 25
13.3%
7.5%
Q3 25
7.2%
9.3%
Q2 25
3.4%
9.9%
Q1 25
12.8%
Q4 24
12.6%
8.0%
Q3 24
4.7%
10.1%
Q2 24
5.7%
11.7%
Q1 24
11.7%
8.7%
EPS (diluted)
AVA
AVA
ESAB
ESAB
Q4 25
$0.87
$0.90
Q3 25
$0.36
$1.09
Q2 25
$0.17
$1.10
Q1 25
$0.98
Q4 24
$0.86
$0.87
Q3 24
$0.23
$1.11
Q2 24
$0.29
$1.35
Q1 24
$0.91
$0.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVA
AVA
ESAB
ESAB
Cash + ST InvestmentsLiquidity on hand
$19.0M
$218.2M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$2.7B
$2.1B
Total Assets
$8.4B
$4.9B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
ESAB
ESAB
Q4 25
$19.0M
$218.2M
Q3 25
$44.0M
$258.2M
Q2 25
$9.0M
$291.3M
Q1 25
$17.0M
Q4 24
$30.0M
$249.4M
Q3 24
$9.1M
$253.7M
Q2 24
$14.6M
$228.5M
Q1 24
$12.3M
$76.5M
Total Debt
AVA
AVA
ESAB
ESAB
Q4 25
$1.3B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$992.8M
Stockholders' Equity
AVA
AVA
ESAB
ESAB
Q4 25
$2.7B
$2.1B
Q3 25
$2.6B
$2.1B
Q2 25
$2.6B
$1.9B
Q1 25
$2.6B
Q4 24
$2.6B
$1.8B
Q3 24
$2.5B
$1.8B
Q2 24
$2.5B
$1.7B
Q1 24
$2.5B
$1.6B
Total Assets
AVA
AVA
ESAB
ESAB
Q4 25
$8.4B
$4.9B
Q3 25
$8.2B
$4.4B
Q2 25
$8.1B
$4.2B
Q1 25
$8.0B
Q4 24
$7.9B
$4.0B
Q3 24
$7.8B
$4.1B
Q2 24
$7.7B
$4.0B
Q1 24
$7.6B
$3.8B
Debt / Equity
AVA
AVA
ESAB
ESAB
Q4 25
0.63×
Q3 25
0.51×
Q2 25
0.55×
Q1 25
Q4 24
0.60×
Q3 24
0.59×
Q2 24
0.63×
Q1 24
0.61×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVA
AVA
ESAB
ESAB
Operating Cash FlowLast quarter
$75.0M
$81.5M
Free Cash FlowOCF − Capex
$-116.0M
$70.3M
FCF MarginFCF / Revenue
-21.8%
9.7%
Capex IntensityCapex / Revenue
35.8%
1.5%
Cash ConversionOCF / Net Profit
1.06×
1.49×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M
$238.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
ESAB
ESAB
Q4 25
$75.0M
$81.5M
Q3 25
$170.0M
$46.6M
Q2 25
$40.0M
$35.4M
Q1 25
$184.0M
Q4 24
$89.8M
$126.9M
Q3 24
$127.2M
$101.0M
Q2 24
$126.8M
$83.0M
Q1 24
$190.1M
$44.5M
Free Cash Flow
AVA
AVA
ESAB
ESAB
Q4 25
$-116.0M
$70.3M
Q3 25
$37.0M
$37.4M
Q2 25
$-103.0M
$28.1M
Q1 25
$81.0M
Q4 24
$-37.8M
$102.2M
Q3 24
$-27.0M
$90.4M
Q2 24
$-5.7M
$74.0M
Q1 24
$71.4M
$37.1M
FCF Margin
AVA
AVA
ESAB
ESAB
Q4 25
-21.8%
9.7%
Q3 25
9.2%
5.2%
Q2 25
-25.1%
4.1%
Q1 25
13.1%
Q4 24
-7.1%
15.2%
Q3 24
-6.9%
13.4%
Q2 24
-1.4%
10.5%
Q1 24
11.7%
5.4%
Capex Intensity
AVA
AVA
ESAB
ESAB
Q4 25
35.8%
1.5%
Q3 25
33.0%
1.3%
Q2 25
34.8%
1.1%
Q1 25
16.7%
Q4 24
23.9%
3.7%
Q3 24
39.2%
1.6%
Q2 24
33.0%
1.3%
Q1 24
19.5%
1.1%
Cash Conversion
AVA
AVA
ESAB
ESAB
Q4 25
1.06×
1.49×
Q3 25
5.86×
0.70×
Q2 25
2.86×
0.53×
Q1 25
2.33×
Q4 24
1.34×
2.36×
Q3 24
6.88×
1.48×
Q2 24
5.55×
1.00×
Q1 24
2.66×
0.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVA
AVA

Segment breakdown not available.

ESAB
ESAB

Consumable Products$477.9M66%
Equipment Products$249.9M34%

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