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

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $510.9M, roughly 1.0× MSA Safety Inc). MSA Safety Inc runs the higher net margin — 17.0% vs 13.3%, a 3.7% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs 0.0%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $-116.0M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% 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...

Mine Safety Appliances, or MSA Safety Incorporated, is an American manufacturer and supplier of safety equipment designed for use in a variety of hazardous conditions in industries such as construction, the military, fire service, and chemical, oil, and gas production. MSA is based in the Pittsburgh suburb of Cranberry.

AVA vs MSA — Head-to-Head

Bigger by revenue
AVA
AVA
1.0× larger
AVA
$533.0M
$510.9M
MSA
Growing faster (revenue YoY)
MSA
MSA
+2.2% gap
MSA
2.2%
0.0%
AVA
Higher net margin
MSA
MSA
3.7% more per $
MSA
17.0%
13.3%
AVA
More free cash flow
MSA
MSA
$222.0M more FCF
MSA
$106.0M
$-116.0M
AVA
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVA
AVA
MSA
MSA
Revenue
$533.0M
$510.9M
Net Profit
$71.0M
$86.9M
Gross Margin
46.9%
Operating Margin
21.0%
22.3%
Net Margin
13.3%
17.0%
Revenue YoY
0.0%
2.2%
Net Profit YoY
5.7%
-1.2%
EPS (diluted)
$0.87
$2.22

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
MSA
MSA
Q4 25
$533.0M
$510.9M
Q3 25
$403.0M
$468.4M
Q2 25
$411.0M
$474.1M
Q1 25
$617.0M
$421.3M
Q4 24
$532.8M
$499.7M
Q3 24
$393.7M
$432.7M
Q2 24
$402.1M
$462.5M
Q1 24
$609.4M
$413.3M
Net Profit
AVA
AVA
MSA
MSA
Q4 25
$71.0M
$86.9M
Q3 25
$29.0M
$69.6M
Q2 25
$14.0M
$62.8M
Q1 25
$79.0M
$59.6M
Q4 24
$67.2M
$87.9M
Q3 24
$18.5M
$66.6M
Q2 24
$22.9M
$72.2M
Q1 24
$71.5M
$58.1M
Gross Margin
AVA
AVA
MSA
MSA
Q4 25
46.9%
Q3 25
46.5%
Q2 25
46.6%
Q1 25
45.9%
Q4 24
46.9%
Q3 24
47.9%
Q2 24
48.2%
Q1 24
47.3%
Operating Margin
AVA
AVA
MSA
MSA
Q4 25
21.0%
22.3%
Q3 25
14.9%
20.1%
Q2 25
13.9%
18.1%
Q1 25
20.3%
18.5%
Q4 24
19.1%
23.5%
Q3 24
12.4%
21.1%
Q2 24
13.5%
21.6%
Q1 24
16.6%
19.4%
Net Margin
AVA
AVA
MSA
MSA
Q4 25
13.3%
17.0%
Q3 25
7.2%
14.9%
Q2 25
3.4%
13.2%
Q1 25
12.8%
14.1%
Q4 24
12.6%
17.6%
Q3 24
4.7%
15.4%
Q2 24
5.7%
15.6%
Q1 24
11.7%
14.1%
EPS (diluted)
AVA
AVA
MSA
MSA
Q4 25
$0.87
$2.22
Q3 25
$0.36
$1.77
Q2 25
$0.17
$1.59
Q1 25
$0.98
$1.51
Q4 24
$0.86
$2.22
Q3 24
$0.23
$1.69
Q2 24
$0.29
$1.83
Q1 24
$0.91
$1.47

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$19.0M
$165.1M
Total DebtLower is stronger
$580.9M
Stockholders' EquityBook value
$2.7B
$1.4B
Total Assets
$8.4B
$2.6B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
MSA
MSA
Q4 25
$19.0M
$165.1M
Q3 25
$44.0M
$170.0M
Q2 25
$9.0M
$147.0M
Q1 25
$17.0M
$170.6M
Q4 24
$30.0M
$164.6M
Q3 24
$9.1M
$154.4M
Q2 24
$14.6M
$146.8M
Q1 24
$12.3M
$148.3M
Total Debt
AVA
AVA
MSA
MSA
Q4 25
$580.9M
Q3 25
$628.6M
Q2 25
$679.3M
Q1 25
$502.1M
Q4 24
$508.0M
Q3 24
$554.7M
Q2 24
$588.2M
Q1 24
$596.2M
Stockholders' Equity
AVA
AVA
MSA
MSA
Q4 25
$2.7B
$1.4B
Q3 25
$2.6B
$1.3B
Q2 25
$2.6B
$1.3B
Q1 25
$2.6B
$1.2B
Q4 24
$2.6B
$1.1B
Q3 24
$2.5B
$1.1B
Q2 24
$2.5B
$1.0B
Q1 24
$2.5B
$994.8M
Total Assets
AVA
AVA
MSA
MSA
Q4 25
$8.4B
$2.6B
Q3 25
$8.2B
$2.6B
Q2 25
$8.1B
$2.6B
Q1 25
$8.0B
$2.2B
Q4 24
$7.9B
$2.2B
Q3 24
$7.8B
$2.2B
Q2 24
$7.7B
$2.2B
Q1 24
$7.6B
$2.2B
Debt / Equity
AVA
AVA
MSA
MSA
Q4 25
0.42×
Q3 25
0.48×
Q2 25
0.54×
Q1 25
0.42×
Q4 24
0.44×
Q3 24
0.51×
Q2 24
0.57×
Q1 24
0.60×

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
MSA
MSA
Operating Cash FlowLast quarter
$75.0M
$122.4M
Free Cash FlowOCF − Capex
$-116.0M
$106.0M
FCF MarginFCF / Revenue
-21.8%
20.8%
Capex IntensityCapex / Revenue
35.8%
3.2%
Cash ConversionOCF / Net Profit
1.06×
1.41×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
MSA
MSA
Q4 25
$75.0M
$122.4M
Q3 25
$170.0M
$112.5M
Q2 25
$40.0M
$67.2M
Q1 25
$184.0M
$61.8M
Q4 24
$89.8M
$107.9M
Q3 24
$127.2M
$84.3M
Q2 24
$126.8M
$53.3M
Q1 24
$190.1M
$50.9M
Free Cash Flow
AVA
AVA
MSA
MSA
Q4 25
$-116.0M
$106.0M
Q3 25
$37.0M
$100.5M
Q2 25
$-103.0M
$37.9M
Q1 25
$81.0M
$51.0M
Q4 24
$-37.8M
$93.5M
Q3 24
$-27.0M
$70.1M
Q2 24
$-5.7M
$39.0M
Q1 24
$71.4M
$39.7M
FCF Margin
AVA
AVA
MSA
MSA
Q4 25
-21.8%
20.8%
Q3 25
9.2%
21.4%
Q2 25
-25.1%
8.0%
Q1 25
13.1%
12.1%
Q4 24
-7.1%
18.7%
Q3 24
-6.9%
16.2%
Q2 24
-1.4%
8.4%
Q1 24
11.7%
9.6%
Capex Intensity
AVA
AVA
MSA
MSA
Q4 25
35.8%
3.2%
Q3 25
33.0%
2.6%
Q2 25
34.8%
6.2%
Q1 25
16.7%
2.6%
Q4 24
23.9%
2.9%
Q3 24
39.2%
3.3%
Q2 24
33.0%
3.1%
Q1 24
19.5%
2.7%
Cash Conversion
AVA
AVA
MSA
MSA
Q4 25
1.06×
1.41×
Q3 25
5.86×
1.62×
Q2 25
2.86×
1.07×
Q1 25
2.33×
1.04×
Q4 24
1.34×
1.23×
Q3 24
6.88×
1.27×
Q2 24
5.55×
0.74×
Q1 24
2.66×
0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVA
AVA

Segment breakdown not available.

MSA
MSA

Americas Segment$335.2M66%
International Segment$175.7M34%

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