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Side-by-side financial comparison of AVISTA CORP (AVA) and Inspire Medical Systems, Inc. (INSP). Click either name above to swap in a different company.

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $269.1M, roughly 2.0× Inspire Medical Systems, Inc.). Inspire Medical Systems, Inc. runs the higher net margin — 50.6% vs 13.3%, a 37.3% gap on every dollar of revenue. On growth, Inspire Medical Systems, Inc. posted the faster year-over-year revenue change (12.2% vs 0.0%). Inspire Medical Systems, Inc. produced more free cash flow last quarter ($41.8M vs $-116.0M). Over the past eight quarters, Inspire Medical Systems, Inc.'s revenue compounded faster (28.1% 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...

Inspire Medical Systems, Inc. is a medical technology firm that develops, manufactures and commercializes implantable neurostimulation solutions for obstructive sleep apnea. Its core product serves patients intolerant to CPAP therapy, with main markets across North America, Europe, and select Asia-Pacific regions, operating in sleep medicine and otolaryngology segments.

AVA vs INSP — Head-to-Head

Bigger by revenue
AVA
AVA
2.0× larger
AVA
$533.0M
$269.1M
INSP
Growing faster (revenue YoY)
INSP
INSP
+12.2% gap
INSP
12.2%
0.0%
AVA
Higher net margin
INSP
INSP
37.3% more per $
INSP
50.6%
13.3%
AVA
More free cash flow
INSP
INSP
$157.8M more FCF
INSP
$41.8M
$-116.0M
AVA
Faster 2-yr revenue CAGR
INSP
INSP
Annualised
INSP
28.1%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVA
AVA
INSP
INSP
Revenue
$533.0M
$269.1M
Net Profit
$71.0M
$136.1M
Gross Margin
86.6%
Operating Margin
21.0%
17.1%
Net Margin
13.3%
50.6%
Revenue YoY
0.0%
12.2%
Net Profit YoY
5.7%
286.4%
EPS (diluted)
$0.87
$4.57

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
INSP
INSP
Q4 25
$533.0M
$269.1M
Q3 25
$403.0M
$224.5M
Q2 25
$411.0M
$217.1M
Q1 25
$617.0M
$201.3M
Q4 24
$532.8M
$239.7M
Q3 24
$393.7M
$203.2M
Q2 24
$402.1M
$195.9M
Q1 24
$609.4M
$164.0M
Net Profit
AVA
AVA
INSP
INSP
Q4 25
$71.0M
$136.1M
Q3 25
$29.0M
$9.9M
Q2 25
$14.0M
$-3.6M
Q1 25
$79.0M
$3.0M
Q4 24
$67.2M
$35.2M
Q3 24
$18.5M
$18.5M
Q2 24
$22.9M
$9.8M
Q1 24
$71.5M
$-10.0M
Gross Margin
AVA
AVA
INSP
INSP
Q4 25
86.6%
Q3 25
85.8%
Q2 25
84.0%
Q1 25
84.7%
Q4 24
85.0%
Q3 24
84.1%
Q2 24
84.8%
Q1 24
84.9%
Operating Margin
AVA
AVA
INSP
INSP
Q4 25
21.0%
17.1%
Q3 25
14.9%
4.3%
Q2 25
13.9%
-1.5%
Q1 25
20.3%
-0.7%
Q4 24
19.1%
13.3%
Q3 24
12.4%
7.0%
Q2 24
13.5%
2.6%
Q1 24
16.6%
-9.3%
Net Margin
AVA
AVA
INSP
INSP
Q4 25
13.3%
50.6%
Q3 25
7.2%
4.4%
Q2 25
3.4%
-1.7%
Q1 25
12.8%
1.5%
Q4 24
12.6%
14.7%
Q3 24
4.7%
9.1%
Q2 24
5.7%
5.0%
Q1 24
11.7%
-6.1%
EPS (diluted)
AVA
AVA
INSP
INSP
Q4 25
$0.87
$4.57
Q3 25
$0.36
$0.34
Q2 25
$0.17
$-0.12
Q1 25
$0.98
$0.10
Q4 24
$0.86
$1.17
Q3 24
$0.23
$0.60
Q2 24
$0.29
$0.32
Q1 24
$0.91
$-0.34

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
INSP
INSP
Cash + ST InvestmentsLiquidity on hand
$19.0M
$308.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$781.2M
Total Assets
$8.4B
$907.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
INSP
INSP
Q4 25
$19.0M
$308.3M
Q3 25
$44.0M
$322.6M
Q2 25
$9.0M
$300.9M
Q1 25
$17.0M
$369.2M
Q4 24
$30.0M
$445.5M
Q3 24
$9.1M
$411.0M
Q2 24
$14.6M
$439.7M
Q1 24
$12.3M
$441.4M
Stockholders' Equity
AVA
AVA
INSP
INSP
Q4 25
$2.7B
$781.2M
Q3 25
$2.6B
$666.5M
Q2 25
$2.6B
$677.8M
Q1 25
$2.6B
$635.7M
Q4 24
$2.6B
$689.7M
Q3 24
$2.5B
$696.6M
Q2 24
$2.5B
$638.1M
Q1 24
$2.5B
$589.0M
Total Assets
AVA
AVA
INSP
INSP
Q4 25
$8.4B
$907.3M
Q3 25
$8.2B
$807.7M
Q2 25
$8.1B
$802.2M
Q1 25
$8.0B
$730.8M
Q4 24
$7.9B
$808.4M
Q3 24
$7.8B
$796.2M
Q2 24
$7.7B
$728.4M
Q1 24
$7.6B
$685.8M

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
INSP
INSP
Operating Cash FlowLast quarter
$75.0M
$52.5M
Free Cash FlowOCF − Capex
$-116.0M
$41.8M
FCF MarginFCF / Revenue
-21.8%
15.5%
Capex IntensityCapex / Revenue
35.8%
4.0%
Cash ConversionOCF / Net Profit
1.06×
0.39×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M
$78.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
INSP
INSP
Q4 25
$75.0M
$52.5M
Q3 25
$170.0M
$68.5M
Q2 25
$40.0M
$2.7M
Q1 25
$184.0M
$-6.7M
Q4 24
$89.8M
$69.2M
Q3 24
$127.2M
$52.3M
Q2 24
$126.8M
$-78.0K
Q1 24
$190.1M
$8.9M
Free Cash Flow
AVA
AVA
INSP
INSP
Q4 25
$-116.0M
$41.8M
Q3 25
$37.0M
$58.1M
Q2 25
$-103.0M
$-6.3M
Q1 25
$81.0M
$-15.1M
Q4 24
$-37.8M
$62.2M
Q3 24
$-27.0M
$44.3M
Q2 24
$-5.7M
$-12.5M
Q1 24
$71.4M
$-2.8M
FCF Margin
AVA
AVA
INSP
INSP
Q4 25
-21.8%
15.5%
Q3 25
9.2%
25.9%
Q2 25
-25.1%
-2.9%
Q1 25
13.1%
-7.5%
Q4 24
-7.1%
25.9%
Q3 24
-6.9%
21.8%
Q2 24
-1.4%
-6.4%
Q1 24
11.7%
-1.7%
Capex Intensity
AVA
AVA
INSP
INSP
Q4 25
35.8%
4.0%
Q3 25
33.0%
4.6%
Q2 25
34.8%
4.1%
Q1 25
16.7%
4.2%
Q4 24
23.9%
2.9%
Q3 24
39.2%
3.9%
Q2 24
33.0%
6.3%
Q1 24
19.5%
7.1%
Cash Conversion
AVA
AVA
INSP
INSP
Q4 25
1.06×
0.39×
Q3 25
5.86×
6.90×
Q2 25
2.86×
Q1 25
2.33×
-2.24×
Q4 24
1.34×
1.96×
Q3 24
6.88×
2.83×
Q2 24
5.55×
-0.01×
Q1 24
2.66×

Financial Flow Comparison

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

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