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Side-by-side financial comparison of AVISTA CORP (AVA) and OPPENHEIMER HOLDINGS INC (OPY). Click either name above to swap in a different company.

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $472.6M, roughly 1.1× OPPENHEIMER HOLDINGS INC). OPPENHEIMER HOLDINGS INC runs the higher net margin — 15.7% vs 13.3%, a 2.4% gap on every dollar of revenue. On growth, OPPENHEIMER HOLDINGS INC posted the faster year-over-year revenue change (25.9% vs 0.0%). OPPENHEIMER HOLDINGS INC produced more free cash flow last quarter ($183.6M vs $-116.0M). Over the past eight quarters, OPPENHEIMER HOLDINGS INC's revenue compounded faster (15.7% 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...

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.

AVA vs OPY — Head-to-Head

Bigger by revenue
AVA
AVA
1.1× larger
AVA
$533.0M
$472.6M
OPY
Growing faster (revenue YoY)
OPY
OPY
+25.9% gap
OPY
25.9%
0.0%
AVA
Higher net margin
OPY
OPY
2.4% more per $
OPY
15.7%
13.3%
AVA
More free cash flow
OPY
OPY
$299.6M more FCF
OPY
$183.6M
$-116.0M
AVA
Faster 2-yr revenue CAGR
OPY
OPY
Annualised
OPY
15.7%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVA
AVA
OPY
OPY
Revenue
$533.0M
$472.6M
Net Profit
$71.0M
$74.4M
Gross Margin
Operating Margin
21.0%
22.4%
Net Margin
13.3%
15.7%
Revenue YoY
0.0%
25.9%
Net Profit YoY
5.7%
593.1%
EPS (diluted)
$0.87
$6.51

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
OPY
OPY
Q4 25
$533.0M
$472.6M
Q3 25
$403.0M
$424.4M
Q2 25
$411.0M
$373.2M
Q1 25
$617.0M
$367.8M
Q4 24
$532.8M
$375.4M
Q3 24
$393.7M
$373.4M
Q2 24
$402.1M
$330.6M
Q1 24
$609.4M
$353.1M
Net Profit
AVA
AVA
OPY
OPY
Q4 25
$71.0M
$74.4M
Q3 25
$29.0M
$21.7M
Q2 25
$14.0M
$21.7M
Q1 25
$79.0M
$30.7M
Q4 24
$67.2M
$10.7M
Q3 24
$18.5M
$24.5M
Q2 24
$22.9M
$10.3M
Q1 24
$71.5M
$26.1M
Operating Margin
AVA
AVA
OPY
OPY
Q4 25
21.0%
22.4%
Q3 25
14.9%
7.5%
Q2 25
13.9%
8.6%
Q1 25
20.3%
11.2%
Q4 24
19.1%
4.5%
Q3 24
12.4%
9.5%
Q2 24
13.5%
4.8%
Q1 24
16.6%
10.6%
Net Margin
AVA
AVA
OPY
OPY
Q4 25
13.3%
15.7%
Q3 25
7.2%
5.1%
Q2 25
3.4%
5.8%
Q1 25
12.8%
8.3%
Q4 24
12.6%
2.9%
Q3 24
4.7%
6.6%
Q2 24
5.7%
3.1%
Q1 24
11.7%
7.4%
EPS (diluted)
AVA
AVA
OPY
OPY
Q4 25
$0.87
$6.51
Q3 25
$0.36
$1.90
Q2 25
$0.17
$1.91
Q1 25
$0.98
$2.72
Q4 24
$0.86
$0.92
Q3 24
$0.23
$2.16
Q2 24
$0.29
$0.92
Q1 24
$0.91
$2.37

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
OPY
OPY
Cash + ST InvestmentsLiquidity on hand
$19.0M
$38.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$983.8M
Total Assets
$8.4B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
OPY
OPY
Q4 25
$19.0M
$38.4M
Q3 25
$44.0M
$38.3M
Q2 25
$9.0M
$37.6M
Q1 25
$17.0M
$36.7M
Q4 24
$30.0M
$33.1M
Q3 24
$9.1M
$32.2M
Q2 24
$14.6M
$33.2M
Q1 24
$12.3M
$27.7M
Total Debt
AVA
AVA
OPY
OPY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$112.8M
Q2 24
$112.8M
Q1 24
$112.7M
Stockholders' Equity
AVA
AVA
OPY
OPY
Q4 25
$2.7B
$983.8M
Q3 25
$2.6B
$920.3M
Q2 25
$2.6B
$896.9M
Q1 25
$2.6B
$872.3M
Q4 24
$2.6B
$850.4M
Q3 24
$2.5B
$837.8M
Q2 24
$2.5B
$812.1M
Q1 24
$2.5B
$801.5M
Total Assets
AVA
AVA
OPY
OPY
Q4 25
$8.4B
$3.7B
Q3 25
$8.2B
$3.8B
Q2 25
$8.1B
$3.7B
Q1 25
$8.0B
$3.6B
Q4 24
$7.9B
$3.4B
Q3 24
$7.8B
$3.4B
Q2 24
$7.7B
$3.3B
Q1 24
$7.6B
$3.3B
Debt / Equity
AVA
AVA
OPY
OPY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.13×
Q2 24
0.14×
Q1 24
0.14×

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
OPY
OPY
Operating Cash FlowLast quarter
$75.0M
$188.8M
Free Cash FlowOCF − Capex
$-116.0M
$183.6M
FCF MarginFCF / Revenue
-21.8%
38.8%
Capex IntensityCapex / Revenue
35.8%
1.1%
Cash ConversionOCF / Net Profit
1.06×
2.54×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M
$191.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
OPY
OPY
Q4 25
$75.0M
$188.8M
Q3 25
$170.0M
$63.4M
Q2 25
$40.0M
$40.1M
Q1 25
$184.0M
$-91.7M
Q4 24
$89.8M
$-108.2M
Q3 24
$127.2M
$11.4M
Q2 24
$126.8M
$-115.3M
Q1 24
$190.1M
$-79.0M
Free Cash Flow
AVA
AVA
OPY
OPY
Q4 25
$-116.0M
$183.6M
Q3 25
$37.0M
$62.2M
Q2 25
$-103.0M
$38.9M
Q1 25
$81.0M
$-93.4M
Q4 24
$-37.8M
$-113.3M
Q3 24
$-27.0M
$11.2M
Q2 24
$-5.7M
$-116.7M
Q1 24
$71.4M
$-79.3M
FCF Margin
AVA
AVA
OPY
OPY
Q4 25
-21.8%
38.8%
Q3 25
9.2%
14.7%
Q2 25
-25.1%
10.4%
Q1 25
13.1%
-25.4%
Q4 24
-7.1%
-30.2%
Q3 24
-6.9%
3.0%
Q2 24
-1.4%
-35.3%
Q1 24
11.7%
-22.5%
Capex Intensity
AVA
AVA
OPY
OPY
Q4 25
35.8%
1.1%
Q3 25
33.0%
0.3%
Q2 25
34.8%
0.3%
Q1 25
16.7%
0.5%
Q4 24
23.9%
1.4%
Q3 24
39.2%
0.1%
Q2 24
33.0%
0.4%
Q1 24
19.5%
0.1%
Cash Conversion
AVA
AVA
OPY
OPY
Q4 25
1.06×
2.54×
Q3 25
5.86×
2.92×
Q2 25
2.86×
1.85×
Q1 25
2.33×
-2.99×
Q4 24
1.34×
-10.08×
Q3 24
6.88×
0.47×
Q2 24
5.55×
-11.23×
Q1 24
2.66×
-3.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVA
AVA

Segment breakdown not available.

OPY
OPY

Advisory Fees$166.6M35%
Capital Markets Segment$155.5M33%
Other$57.2M12%
Commissions From Sales And Trading$52.9M11%
Bank Deposit Sweep Income$27.7M6%
Mutual Fund Income$8.9M2%
Investment Banking Capital Markets$3.3M1%

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