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

AVISTA CORP is the larger business by last-quarter revenue ($533.0M vs $305.9M, roughly 1.7× Strategic Education, Inc.). AVISTA CORP runs the higher net margin — 13.3% vs 10.7%, a 2.6% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs 0.0%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-116.0M). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% 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...

Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.

AVA vs STRA — Head-to-Head

Bigger by revenue
AVA
AVA
1.7× larger
AVA
$533.0M
$305.9M
STRA
Growing faster (revenue YoY)
STRA
STRA
+0.7% gap
STRA
0.8%
0.0%
AVA
Higher net margin
AVA
AVA
2.6% more per $
AVA
13.3%
10.7%
STRA
More free cash flow
STRA
STRA
$193.3M more FCF
STRA
$77.3M
$-116.0M
AVA
Faster 2-yr revenue CAGR
STRA
STRA
Annualised
STRA
-1.0%
-6.5%
AVA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVA
AVA
STRA
STRA
Revenue
$533.0M
$305.9M
Net Profit
$71.0M
$32.8M
Gross Margin
Operating Margin
21.0%
13.4%
Net Margin
13.3%
10.7%
Revenue YoY
0.0%
0.8%
Net Profit YoY
5.7%
10.3%
EPS (diluted)
$0.87
$1.48

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
STRA
STRA
Q1 26
$305.9M
Q4 25
$533.0M
$323.2M
Q3 25
$403.0M
$319.9M
Q2 25
$411.0M
$321.5M
Q1 25
$617.0M
$303.6M
Q4 24
$532.8M
$311.5M
Q3 24
$393.7M
$306.0M
Q2 24
$402.1M
$312.3M
Net Profit
AVA
AVA
STRA
STRA
Q1 26
$32.8M
Q4 25
$71.0M
$37.9M
Q3 25
$29.0M
$26.6M
Q2 25
$14.0M
$32.3M
Q1 25
$79.0M
$29.7M
Q4 24
$67.2M
$25.3M
Q3 24
$18.5M
$27.7M
Q2 24
$22.9M
$29.9M
Operating Margin
AVA
AVA
STRA
STRA
Q1 26
13.4%
Q4 25
21.0%
16.0%
Q3 25
14.9%
11.6%
Q2 25
13.9%
14.2%
Q1 25
20.3%
13.1%
Q4 24
19.1%
11.6%
Q3 24
12.4%
11.9%
Q2 24
13.5%
13.4%
Net Margin
AVA
AVA
STRA
STRA
Q1 26
10.7%
Q4 25
13.3%
11.7%
Q3 25
7.2%
8.3%
Q2 25
3.4%
10.1%
Q1 25
12.8%
9.8%
Q4 24
12.6%
8.1%
Q3 24
4.7%
9.1%
Q2 24
5.7%
9.6%
EPS (diluted)
AVA
AVA
STRA
STRA
Q1 26
$1.48
Q4 25
$0.87
$1.65
Q3 25
$0.36
$1.15
Q2 25
$0.17
$1.37
Q1 25
$0.98
$1.24
Q4 24
$0.86
$1.05
Q3 24
$0.23
$1.15
Q2 24
$0.29
$1.24

Balance Sheet & Financial Strength

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

Metric
AVA
AVA
STRA
STRA
Cash + ST InvestmentsLiquidity on hand
$19.0M
$150.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$1.6B
Total Assets
$8.4B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVA
AVA
STRA
STRA
Q1 26
$150.3M
Q4 25
$19.0M
$148.1M
Q3 25
$44.0M
$172.6M
Q2 25
$9.0M
$164.9M
Q1 25
$17.0M
$182.6M
Q4 24
$30.0M
$184.0M
Q3 24
$9.1M
$222.1M
Q2 24
$14.6M
$256.2M
Stockholders' Equity
AVA
AVA
STRA
STRA
Q1 26
$1.6B
Q4 25
$2.7B
$1.6B
Q3 25
$2.6B
$1.7B
Q2 25
$2.6B
$1.7B
Q1 25
$2.6B
$1.6B
Q4 24
$2.6B
$1.7B
Q3 24
$2.5B
$1.7B
Q2 24
$2.5B
$1.7B
Total Assets
AVA
AVA
STRA
STRA
Q1 26
$2.1B
Q4 25
$8.4B
$2.0B
Q3 25
$8.2B
$2.1B
Q2 25
$8.1B
$2.1B
Q1 25
$8.0B
$2.1B
Q4 24
$7.9B
$2.0B
Q3 24
$7.8B
$2.2B
Q2 24
$7.7B
$2.2B

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
STRA
STRA
Operating Cash FlowLast quarter
$75.0M
$87.4M
Free Cash FlowOCF − Capex
$-116.0M
$77.3M
FCF MarginFCF / Revenue
-21.8%
25.3%
Capex IntensityCapex / Revenue
35.8%
Cash ConversionOCF / Net Profit
1.06×
2.66×
TTM Free Cash FlowTrailing 4 quarters
$-101.0M
$173.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVA
AVA
STRA
STRA
Q1 26
$87.4M
Q4 25
$75.0M
$39.2M
Q3 25
$170.0M
$60.1M
Q2 25
$40.0M
$31.2M
Q1 25
$184.0M
$67.7M
Q4 24
$89.8M
$15.9M
Q3 24
$127.2M
$51.5M
Q2 24
$126.8M
$24.3M
Free Cash Flow
AVA
AVA
STRA
STRA
Q1 26
$77.3M
Q4 25
$-116.0M
$27.0M
Q3 25
$37.0M
$49.3M
Q2 25
$-103.0M
$20.4M
Q1 25
$81.0M
$57.3M
Q4 24
$-37.8M
$4.7M
Q3 24
$-27.0M
$42.1M
Q2 24
$-5.7M
$13.6M
FCF Margin
AVA
AVA
STRA
STRA
Q1 26
25.3%
Q4 25
-21.8%
8.3%
Q3 25
9.2%
15.4%
Q2 25
-25.1%
6.3%
Q1 25
13.1%
18.9%
Q4 24
-7.1%
1.5%
Q3 24
-6.9%
13.8%
Q2 24
-1.4%
4.3%
Capex Intensity
AVA
AVA
STRA
STRA
Q1 26
Q4 25
35.8%
3.8%
Q3 25
33.0%
3.4%
Q2 25
34.8%
3.4%
Q1 25
16.7%
3.4%
Q4 24
23.9%
3.6%
Q3 24
39.2%
3.1%
Q2 24
33.0%
3.4%
Cash Conversion
AVA
AVA
STRA
STRA
Q1 26
2.66×
Q4 25
1.06×
1.03×
Q3 25
5.86×
2.26×
Q2 25
2.86×
0.97×
Q1 25
2.33×
2.27×
Q4 24
1.34×
0.63×
Q3 24
6.88×
1.86×
Q2 24
5.55×
0.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVA
AVA

Segment breakdown not available.

STRA
STRA

U.S. Higher Education$212.6M69%
Australia/New Zealand$51.8M17%
Education Technology Services$41.5M14%

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