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

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $310.0M, roughly 1.7× MediaAlpha, Inc.). AVISTA CORP runs the higher net margin — 13.3% vs 4.5%, a 8.8% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 0.0%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% 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...

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

AVA vs MAX — Head-to-Head

Bigger by revenue
AVA
AVA
1.7× larger
AVA
$533.0M
$310.0M
MAX
Growing faster (revenue YoY)
MAX
MAX
+17.2% gap
MAX
17.3%
0.0%
AVA
Higher net margin
AVA
AVA
8.8% more per $
AVA
13.3%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVA
AVA
MAX
MAX
Revenue
$533.0M
$310.0M
Net Profit
$71.0M
$14.0M
Gross Margin
15.1%
Operating Margin
21.0%
7.2%
Net Margin
13.3%
4.5%
Revenue YoY
0.0%
17.3%
Net Profit YoY
5.7%
701.8%
EPS (diluted)
$0.87

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
MAX
MAX
Q1 26
$310.0M
Q4 25
$533.0M
$291.2M
Q3 25
$403.0M
$306.5M
Q2 25
$411.0M
$251.6M
Q1 25
$617.0M
$264.3M
Q4 24
$532.8M
$300.6M
Q3 24
$393.7M
$259.1M
Q2 24
$402.1M
$178.3M
Net Profit
AVA
AVA
MAX
MAX
Q1 26
$14.0M
Q4 25
$71.0M
$31.4M
Q3 25
$29.0M
$14.9M
Q2 25
$14.0M
$-18.7M
Q1 25
$79.0M
$-1.9M
Q4 24
$67.2M
$4.6M
Q3 24
$18.5M
$9.5M
Q2 24
$22.9M
$3.6M
Gross Margin
AVA
AVA
MAX
MAX
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
AVA
AVA
MAX
MAX
Q1 26
7.2%
Q4 25
21.0%
7.7%
Q3 25
14.9%
6.4%
Q2 25
13.9%
-8.0%
Q1 25
20.3%
0.0%
Q4 24
19.1%
6.1%
Q3 24
12.4%
6.0%
Q2 24
13.5%
3.6%
Net Margin
AVA
AVA
MAX
MAX
Q1 26
4.5%
Q4 25
13.3%
10.8%
Q3 25
7.2%
4.9%
Q2 25
3.4%
-7.4%
Q1 25
12.8%
-0.7%
Q4 24
12.6%
1.5%
Q3 24
4.7%
3.7%
Q2 24
5.7%
2.0%
EPS (diluted)
AVA
AVA
MAX
MAX
Q1 26
Q4 25
$0.87
$0.50
Q3 25
$0.36
$0.26
Q2 25
$0.17
$-0.33
Q1 25
$0.98
$-0.04
Q4 24
$0.86
$0.09
Q3 24
$0.23
$0.17
Q2 24
$0.29
$0.07

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$19.0M
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$2.7B
Total Assets
$8.4B
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
MAX
MAX
Q1 26
$26.1M
Q4 25
$19.0M
$46.9M
Q3 25
$44.0M
$38.8M
Q2 25
$9.0M
$85.4M
Q1 25
$17.0M
$63.6M
Q4 24
$30.0M
$43.3M
Q3 24
$9.1M
$32.3M
Q2 24
$14.6M
$28.7M
Total Debt
AVA
AVA
MAX
MAX
Q1 26
$163.5M
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
AVA
AVA
MAX
MAX
Q1 26
Q4 25
$2.7B
$4.2M
Q3 25
$2.6B
$-29.8M
Q2 25
$2.6B
$-3.8M
Q1 25
$2.6B
$7.9M
Q4 24
$2.6B
$2.4M
Q3 24
$2.5B
$-8.4M
Q2 24
$2.5B
$-24.4M
Total Assets
AVA
AVA
MAX
MAX
Q1 26
$367.7M
Q4 25
$8.4B
$383.8M
Q3 25
$8.2B
$266.2M
Q2 25
$8.1B
$249.4M
Q1 25
$8.0B
$240.0M
Q4 24
$7.9B
$262.4M
Q3 24
$7.8B
$236.1M
Q2 24
$7.7B
$198.2M
Debt / Equity
AVA
AVA
MAX
MAX
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
MAX
MAX
Q1 26
Q4 25
$75.0M
$-7.4M
Q3 25
$170.0M
$23.6M
Q2 25
$40.0M
$25.7M
Q1 25
$184.0M
$23.7M
Q4 24
$89.8M
$14.5M
Q3 24
$127.2M
$8.1M
Q2 24
$126.8M
$21.6M
Free Cash Flow
AVA
AVA
MAX
MAX
Q1 26
Q4 25
$-116.0M
$-7.5M
Q3 25
$37.0M
$23.6M
Q2 25
$-103.0M
$25.5M
Q1 25
$81.0M
$23.6M
Q4 24
$-37.8M
$14.5M
Q3 24
$-27.0M
$8.0M
Q2 24
$-5.7M
$21.5M
FCF Margin
AVA
AVA
MAX
MAX
Q1 26
Q4 25
-21.8%
-2.6%
Q3 25
9.2%
7.7%
Q2 25
-25.1%
10.2%
Q1 25
13.1%
8.9%
Q4 24
-7.1%
4.8%
Q3 24
-6.9%
3.1%
Q2 24
-1.4%
12.0%
Capex Intensity
AVA
AVA
MAX
MAX
Q1 26
Q4 25
35.8%
0.0%
Q3 25
33.0%
0.0%
Q2 25
34.8%
0.1%
Q1 25
16.7%
0.0%
Q4 24
23.9%
0.0%
Q3 24
39.2%
0.0%
Q2 24
33.0%
0.1%
Cash Conversion
AVA
AVA
MAX
MAX
Q1 26
Q4 25
1.06×
-0.24×
Q3 25
5.86×
1.58×
Q2 25
2.86×
Q1 25
2.33×
Q4 24
1.34×
3.13×
Q3 24
6.88×
0.85×
Q2 24
5.55×
5.97×

Financial Flow Comparison

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

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