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Side-by-side financial comparison of AVISTA CORP (AVA) and National Energy Services Reunited Corp. (NESR). Click either name above to swap in a different company.

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $295.3M, roughly 1.8× National Energy Services Reunited Corp.). AVISTA CORP runs the higher net margin — 13.3% vs 6.0%, a 7.3% gap on every dollar of revenue. On growth, AVISTA CORP posted the faster year-over-year revenue change (0.0% vs -12.2%). National Energy Services Reunited Corp. produced more free cash flow last quarter ($-34.1M vs $-116.0M).

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...

National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.

AVA vs NESR — Head-to-Head

Bigger by revenue
AVA
AVA
1.8× larger
AVA
$533.0M
$295.3M
NESR
Growing faster (revenue YoY)
AVA
AVA
+12.2% gap
AVA
0.0%
-12.2%
NESR
Higher net margin
AVA
AVA
7.3% more per $
AVA
13.3%
6.0%
NESR
More free cash flow
NESR
NESR
$81.9M more FCF
NESR
$-34.1M
$-116.0M
AVA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AVA
AVA
NESR
NESR
Revenue
$533.0M
$295.3M
Net Profit
$71.0M
$17.7M
Gross Margin
12.0%
Operating Margin
21.0%
6.6%
Net Margin
13.3%
6.0%
Revenue YoY
0.0%
-12.2%
Net Profit YoY
5.7%
-14.0%
EPS (diluted)
$0.87
$0.18

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
NESR
NESR
Q4 25
$533.0M
Q3 25
$403.0M
$295.3M
Q2 25
$411.0M
$327.4M
Q1 25
$617.0M
$303.1M
Q4 24
$532.8M
Q3 24
$393.7M
$336.2M
Q2 24
$402.1M
$325.0M
Q1 24
$609.4M
Net Profit
AVA
AVA
NESR
NESR
Q4 25
$71.0M
Q3 25
$29.0M
$17.7M
Q2 25
$14.0M
$15.2M
Q1 25
$79.0M
$10.4M
Q4 24
$67.2M
Q3 24
$18.5M
$20.6M
Q2 24
$22.9M
$18.9M
Q1 24
$71.5M
Gross Margin
AVA
AVA
NESR
NESR
Q4 25
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q4 24
Q3 24
15.9%
Q2 24
16.4%
Q1 24
Operating Margin
AVA
AVA
NESR
NESR
Q4 25
21.0%
Q3 25
14.9%
6.6%
Q2 25
13.9%
8.3%
Q1 25
20.3%
6.9%
Q4 24
19.1%
Q3 24
12.4%
10.5%
Q2 24
13.5%
10.5%
Q1 24
16.6%
Net Margin
AVA
AVA
NESR
NESR
Q4 25
13.3%
Q3 25
7.2%
6.0%
Q2 25
3.4%
4.6%
Q1 25
12.8%
3.4%
Q4 24
12.6%
Q3 24
4.7%
6.1%
Q2 24
5.7%
5.8%
Q1 24
11.7%
EPS (diluted)
AVA
AVA
NESR
NESR
Q4 25
$0.87
Q3 25
$0.36
$0.18
Q2 25
$0.17
$0.16
Q1 25
$0.98
$0.11
Q4 24
$0.86
Q3 24
$0.23
$0.22
Q2 24
$0.29
$0.20
Q1 24
$0.91

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$19.0M
$69.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$2.7B
$956.7M
Total Assets
$8.4B
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
NESR
NESR
Q4 25
$19.0M
Q3 25
$44.0M
$69.7M
Q2 25
$9.0M
$131.8M
Q1 25
$17.0M
$78.7M
Q4 24
$30.0M
Q3 24
$9.1M
$118.2M
Q2 24
$14.6M
$75.0M
Q1 24
$12.3M
Total Debt
AVA
AVA
NESR
NESR
Q4 25
Q3 25
$274.1M
Q2 25
$291.7M
Q1 25
$309.2M
Q4 24
Q3 24
$358.7M
Q2 24
$376.7M
Q1 24
Stockholders' Equity
AVA
AVA
NESR
NESR
Q4 25
$2.7B
Q3 25
$2.6B
$956.7M
Q2 25
$2.6B
$936.9M
Q1 25
$2.6B
$920.5M
Q4 24
$2.6B
Q3 24
$2.5B
$873.5M
Q2 24
$2.5B
$851.4M
Q1 24
$2.5B
Total Assets
AVA
AVA
NESR
NESR
Q4 25
$8.4B
Q3 25
$8.2B
$1.8B
Q2 25
$8.1B
$1.8B
Q1 25
$8.0B
$1.8B
Q4 24
$7.9B
Q3 24
$7.8B
$1.8B
Q2 24
$7.7B
$1.8B
Q1 24
$7.6B
Debt / Equity
AVA
AVA
NESR
NESR
Q4 25
Q3 25
0.29×
Q2 25
0.31×
Q1 25
0.34×
Q4 24
Q3 24
0.41×
Q2 24
0.44×
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
NESR
NESR
Operating Cash FlowLast quarter
$75.0M
$6.7M
Free Cash FlowOCF − Capex
$-116.0M
$-34.1M
FCF MarginFCF / Revenue
-21.8%
-11.5%
Capex IntensityCapex / Revenue
35.8%
13.8%
Cash ConversionOCF / Net Profit
1.06×
0.38×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
NESR
NESR
Q4 25
$75.0M
Q3 25
$170.0M
$6.7M
Q2 25
$40.0M
$98.5M
Q1 25
$184.0M
$20.5M
Q4 24
$89.8M
Q3 24
$127.2M
$70.8M
Q2 24
$126.8M
Q1 24
$190.1M
Free Cash Flow
AVA
AVA
NESR
NESR
Q4 25
$-116.0M
Q3 25
$37.0M
$-34.1M
Q2 25
$-103.0M
$68.7M
Q1 25
$81.0M
$-9.6M
Q4 24
$-37.8M
Q3 24
$-27.0M
$43.4M
Q2 24
$-5.7M
Q1 24
$71.4M
FCF Margin
AVA
AVA
NESR
NESR
Q4 25
-21.8%
Q3 25
9.2%
-11.5%
Q2 25
-25.1%
21.0%
Q1 25
13.1%
-3.2%
Q4 24
-7.1%
Q3 24
-6.9%
12.9%
Q2 24
-1.4%
Q1 24
11.7%
Capex Intensity
AVA
AVA
NESR
NESR
Q4 25
35.8%
Q3 25
33.0%
13.8%
Q2 25
34.8%
9.1%
Q1 25
16.7%
9.9%
Q4 24
23.9%
Q3 24
39.2%
8.1%
Q2 24
33.0%
Q1 24
19.5%
Cash Conversion
AVA
AVA
NESR
NESR
Q4 25
1.06×
Q3 25
5.86×
0.38×
Q2 25
2.86×
6.48×
Q1 25
2.33×
1.97×
Q4 24
1.34×
Q3 24
6.88×
3.43×
Q2 24
5.55×
Q1 24
2.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVA
AVA

Segment breakdown not available.

NESR
NESR

Production Services$174.4M59%
Drilling And Evaluation Services$120.9M41%

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