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Side-by-side financial comparison of AVISTA CORP (AVA) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $313.0M, roughly 1.7× FIRST INTERSTATE BANCSYSTEM INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 13.3%, a 21.4% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 0.0%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% 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...

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

AVA vs FIBK — Head-to-Head

Bigger by revenue
AVA
AVA
1.7× larger
AVA
$533.0M
$313.0M
FIBK
Growing faster (revenue YoY)
FIBK
FIBK
+19.7% gap
FIBK
19.8%
0.0%
AVA
Higher net margin
FIBK
FIBK
21.4% more per $
FIBK
34.8%
13.3%
AVA
Faster 2-yr revenue CAGR
FIBK
FIBK
Annualised
FIBK
13.7%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVA
AVA
FIBK
FIBK
Revenue
$533.0M
$313.0M
Net Profit
$71.0M
$108.8M
Gross Margin
Operating Margin
21.0%
44.5%
Net Margin
13.3%
34.8%
Revenue YoY
0.0%
19.8%
Net Profit YoY
5.7%
108.8%
EPS (diluted)
$0.87
$1.07

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
FIBK
FIBK
Q4 25
$533.0M
$313.0M
Q3 25
$403.0M
$250.5M
Q2 25
$411.0M
$248.3M
Q1 25
$617.0M
$247.0M
Q4 24
$532.8M
$261.3M
Q3 24
$393.7M
$251.9M
Q2 24
$402.1M
$244.3M
Q1 24
$609.4M
$242.2M
Net Profit
AVA
AVA
FIBK
FIBK
Q4 25
$71.0M
$108.8M
Q3 25
$29.0M
$71.4M
Q2 25
$14.0M
$71.7M
Q1 25
$79.0M
$50.2M
Q4 24
$67.2M
$52.1M
Q3 24
$18.5M
$55.5M
Q2 24
$22.9M
$60.0M
Q1 24
$71.5M
$58.4M
Operating Margin
AVA
AVA
FIBK
FIBK
Q4 25
21.0%
44.5%
Q3 25
14.9%
37.0%
Q2 25
13.9%
37.7%
Q1 25
20.3%
26.9%
Q4 24
19.1%
25.5%
Q3 24
12.4%
28.9%
Q2 24
13.5%
32.1%
Q1 24
16.6%
31.7%
Net Margin
AVA
AVA
FIBK
FIBK
Q4 25
13.3%
34.8%
Q3 25
7.2%
28.5%
Q2 25
3.4%
28.9%
Q1 25
12.8%
20.3%
Q4 24
12.6%
19.9%
Q3 24
4.7%
22.0%
Q2 24
5.7%
24.6%
Q1 24
11.7%
24.1%
EPS (diluted)
AVA
AVA
FIBK
FIBK
Q4 25
$0.87
$1.07
Q3 25
$0.36
$0.69
Q2 25
$0.17
$0.69
Q1 25
$0.98
$0.49
Q4 24
$0.86
$0.50
Q3 24
$0.23
$0.54
Q2 24
$0.29
$0.58
Q1 24
$0.91
$0.57

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$19.0M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$2.7B
$3.4B
Total Assets
$8.4B
$26.6B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
FIBK
FIBK
Q4 25
$19.0M
Q3 25
$44.0M
Q2 25
$9.0M
Q1 25
$17.0M
Q4 24
$30.0M
Q3 24
$9.1M
Q2 24
$14.6M
Q1 24
$12.3M
Total Debt
AVA
AVA
FIBK
FIBK
Q4 25
$146.3M
Q3 25
$146.2M
Q2 25
$252.0M
Q1 25
Q4 24
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Q1 24
$370.8M
Stockholders' Equity
AVA
AVA
FIBK
FIBK
Q4 25
$2.7B
$3.4B
Q3 25
$2.6B
$3.4B
Q2 25
$2.6B
$3.4B
Q1 25
$2.6B
$3.4B
Q4 24
$2.6B
$3.3B
Q3 24
$2.5B
$3.4B
Q2 24
$2.5B
$3.2B
Q1 24
$2.5B
$3.2B
Total Assets
AVA
AVA
FIBK
FIBK
Q4 25
$8.4B
$26.6B
Q3 25
$8.2B
$27.3B
Q2 25
$8.1B
$27.6B
Q1 25
$8.0B
$28.3B
Q4 24
$7.9B
$29.1B
Q3 24
$7.8B
$29.6B
Q2 24
$7.7B
$30.3B
Q1 24
$7.6B
$30.1B
Debt / Equity
AVA
AVA
FIBK
FIBK
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.12×
Q1 24
0.12×

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
FIBK
FIBK
Operating Cash FlowLast quarter
$75.0M
$305.6M
Free Cash FlowOCF − Capex
$-116.0M
FCF MarginFCF / Revenue
-21.8%
Capex IntensityCapex / Revenue
35.8%
Cash ConversionOCF / Net Profit
1.06×
2.81×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
FIBK
FIBK
Q4 25
$75.0M
$305.6M
Q3 25
$170.0M
$91.7M
Q2 25
$40.0M
$68.1M
Q1 25
$184.0M
$78.5M
Q4 24
$89.8M
$355.0M
Q3 24
$127.2M
$89.9M
Q2 24
$126.8M
$82.3M
Q1 24
$190.1M
$87.6M
Free Cash Flow
AVA
AVA
FIBK
FIBK
Q4 25
$-116.0M
Q3 25
$37.0M
Q2 25
$-103.0M
Q1 25
$81.0M
Q4 24
$-37.8M
Q3 24
$-27.0M
Q2 24
$-5.7M
Q1 24
$71.4M
FCF Margin
AVA
AVA
FIBK
FIBK
Q4 25
-21.8%
Q3 25
9.2%
Q2 25
-25.1%
Q1 25
13.1%
Q4 24
-7.1%
Q3 24
-6.9%
Q2 24
-1.4%
Q1 24
11.7%
Capex Intensity
AVA
AVA
FIBK
FIBK
Q4 25
35.8%
Q3 25
33.0%
Q2 25
34.8%
Q1 25
16.7%
Q4 24
23.9%
Q3 24
39.2%
Q2 24
33.0%
Q1 24
19.5%
Cash Conversion
AVA
AVA
FIBK
FIBK
Q4 25
1.06×
2.81×
Q3 25
5.86×
1.28×
Q2 25
2.86×
0.95×
Q1 25
2.33×
1.56×
Q4 24
1.34×
6.81×
Q3 24
6.88×
1.62×
Q2 24
5.55×
1.37×
Q1 24
2.66×
1.50×

Financial Flow Comparison

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

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