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

MIDDLEBY Corp is the larger business by last-quarter revenue ($866.4M vs $533.0M, roughly 1.6× AVISTA CORP). AVISTA CORP runs the higher net margin — 13.3% vs 4.3%, a 9.1% gap on every dollar of revenue. On growth, AVISTA CORP posted the faster year-over-year revenue change (0.0% vs -30.6%). MIDDLEBY Corp produced more free cash flow last quarter ($165.5M vs $-116.0M). Over the past eight quarters, MIDDLEBY Corp's revenue compounded faster (-3.3% 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...

The Middleby Corporation is a publicly traded American company based in Elgin, Illinois. The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally.

AVA vs MIDD — Head-to-Head

Bigger by revenue
MIDD
MIDD
1.6× larger
MIDD
$866.4M
$533.0M
AVA
Growing faster (revenue YoY)
AVA
AVA
+30.6% gap
AVA
0.0%
-30.6%
MIDD
Higher net margin
AVA
AVA
9.1% more per $
AVA
13.3%
4.3%
MIDD
More free cash flow
MIDD
MIDD
$281.5M more FCF
MIDD
$165.5M
$-116.0M
AVA
Faster 2-yr revenue CAGR
MIDD
MIDD
Annualised
MIDD
-3.3%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVA
AVA
MIDD
MIDD
Revenue
$533.0M
$866.4M
Net Profit
$71.0M
$36.9M
Gross Margin
38.8%
Operating Margin
21.0%
17.3%
Net Margin
13.3%
4.3%
Revenue YoY
0.0%
-30.6%
Net Profit YoY
5.7%
-67.1%
EPS (diluted)
$0.87
$0.74

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
MIDD
MIDD
Q4 25
$533.0M
$866.4M
Q3 25
$403.0M
$982.1M
Q2 25
$411.0M
$977.9M
Q1 25
$617.0M
$906.6M
Q4 24
$532.8M
$1.0B
Q3 24
$393.7M
$942.8M
Q2 24
$402.1M
$991.5M
Q1 24
$609.4M
$926.9M
Net Profit
AVA
AVA
MIDD
MIDD
Q4 25
$71.0M
$36.9M
Q3 25
$29.0M
$-513.0M
Q2 25
$14.0M
$106.0M
Q1 25
$79.0M
$92.4M
Q4 24
$67.2M
$112.3M
Q3 24
$18.5M
$114.2M
Q2 24
$22.9M
$115.4M
Q1 24
$71.5M
$86.6M
Gross Margin
AVA
AVA
MIDD
MIDD
Q4 25
38.8%
Q3 25
36.8%
Q2 25
38.0%
Q1 25
38.2%
Q4 24
38.4%
Q3 24
37.7%
Q2 24
38.3%
Q1 24
37.4%
Operating Margin
AVA
AVA
MIDD
MIDD
Q4 25
21.0%
17.3%
Q3 25
14.9%
-56.4%
Q2 25
13.9%
15.9%
Q1 25
20.3%
15.5%
Q4 24
19.1%
16.8%
Q3 24
12.4%
18.4%
Q2 24
13.5%
17.7%
Q1 24
16.6%
14.8%
Net Margin
AVA
AVA
MIDD
MIDD
Q4 25
13.3%
4.3%
Q3 25
7.2%
-52.2%
Q2 25
3.4%
10.8%
Q1 25
12.8%
10.2%
Q4 24
12.6%
11.1%
Q3 24
4.7%
12.1%
Q2 24
5.7%
11.6%
Q1 24
11.7%
9.3%
EPS (diluted)
AVA
AVA
MIDD
MIDD
Q4 25
$0.87
$0.74
Q3 25
$0.36
$-10.15
Q2 25
$0.17
$1.99
Q1 25
$0.98
$1.69
Q4 24
$0.86
$2.07
Q3 24
$0.23
$2.11
Q2 24
$0.29
$2.13
Q1 24
$0.91
$1.59

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
MIDD
MIDD
Cash + ST InvestmentsLiquidity on hand
$19.0M
$222.2M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$2.7B
$2.8B
Total Assets
$8.4B
$6.3B
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
MIDD
MIDD
Q4 25
$19.0M
$222.2M
Q3 25
$44.0M
$175.1M
Q2 25
$9.0M
$511.5M
Q1 25
$17.0M
$745.1M
Q4 24
$30.0M
$689.5M
Q3 24
$9.1M
$606.0M
Q2 24
$14.6M
$459.5M
Q1 24
$12.3M
$341.0M
Total Debt
AVA
AVA
MIDD
MIDD
Q4 25
$2.2B
Q3 25
Q2 25
Q1 25
Q4 24
$2.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AVA
AVA
MIDD
MIDD
Q4 25
$2.7B
$2.8B
Q3 25
$2.6B
$2.9B
Q2 25
$2.6B
$3.6B
Q1 25
$2.6B
$3.7B
Q4 24
$2.6B
$3.6B
Q3 24
$2.5B
$3.6B
Q2 24
$2.5B
$3.4B
Q1 24
$2.5B
$3.3B
Total Assets
AVA
AVA
MIDD
MIDD
Q4 25
$8.4B
$6.3B
Q3 25
$8.2B
$6.4B
Q2 25
$8.1B
$7.3B
Q1 25
$8.0B
$7.4B
Q4 24
$7.9B
$7.3B
Q3 24
$7.8B
$7.2B
Q2 24
$7.7B
$7.0B
Q1 24
$7.6B
$6.9B
Debt / Equity
AVA
AVA
MIDD
MIDD
Q4 25
0.78×
Q3 25
Q2 25
Q1 25
Q4 24
0.66×
Q3 24
Q2 24
Q1 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
MIDD
MIDD
Operating Cash FlowLast quarter
$75.0M
Free Cash FlowOCF − Capex
$-116.0M
$165.5M
FCF MarginFCF / Revenue
-21.8%
19.1%
Capex IntensityCapex / Revenue
35.8%
1.5%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M
$530.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
MIDD
MIDD
Q4 25
$75.0M
Q3 25
$170.0M
$176.3M
Q2 25
$40.0M
$122.0M
Q1 25
$184.0M
$141.1M
Q4 24
$89.8M
$239.7M
Q3 24
$127.2M
$156.7M
Q2 24
$126.8M
$149.5M
Q1 24
$190.1M
$140.9M
Free Cash Flow
AVA
AVA
MIDD
MIDD
Q4 25
$-116.0M
$165.5M
Q3 25
$37.0M
$156.1M
Q2 25
$-103.0M
$101.1M
Q1 25
$81.0M
$107.4M
Q4 24
$-37.8M
$226.6M
Q3 24
$-27.0M
$145.2M
Q2 24
$-5.7M
$138.6M
Q1 24
$71.4M
$127.2M
FCF Margin
AVA
AVA
MIDD
MIDD
Q4 25
-21.8%
19.1%
Q3 25
9.2%
15.9%
Q2 25
-25.1%
10.3%
Q1 25
13.1%
11.8%
Q4 24
-7.1%
22.3%
Q3 24
-6.9%
15.4%
Q2 24
-1.4%
14.0%
Q1 24
11.7%
13.7%
Capex Intensity
AVA
AVA
MIDD
MIDD
Q4 25
35.8%
1.5%
Q3 25
33.0%
2.1%
Q2 25
34.8%
2.1%
Q1 25
16.7%
3.7%
Q4 24
23.9%
1.3%
Q3 24
39.2%
1.2%
Q2 24
33.0%
1.1%
Q1 24
19.5%
1.5%
Cash Conversion
AVA
AVA
MIDD
MIDD
Q4 25
1.06×
Q3 25
5.86×
Q2 25
2.86×
1.15×
Q1 25
2.33×
1.53×
Q4 24
1.34×
2.13×
Q3 24
6.88×
1.37×
Q2 24
5.55×
1.30×
Q1 24
2.66×
1.63×

Financial Flow Comparison

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

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