IDA

MKT CAP:$8B

IDACORP, Inc.

Market Cap

$8B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$148.20+$20.90 (+16.42%)

Apr 23, 2026

Company Details

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho...

CEO

Lisa A. Grow

IPO Date

Aug 1, 1944

Website

www.idacorpinc.com

Key Metrics TTM

Revenue

$1.8B

-0.8% YoY

Net Income

$323M

EPS (Diluted)

$5.90

Free Cash Flow

-$577M

Revenue / Share

$33.07

Gross Margin

20.1%

Operating Margin

19.8%

Net Margin

17.8%

FCF Margin

-31.9%

P/S

4.5x

P/E

25.0x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 19, 2026

$1.8B-0.7%EPS $5.90

Q4 2025

Feb 19, 2026

$405M+1.7%EPS $0.78

Q3 2025

Oct 30, 2025

$524M-0.8%EPS $2.26

Q2 2025

Jul 31, 2025

$451M-0.0%EPS $1.76

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$344M	$62M	$61M
Q2 22	$359M	$82M	$82M
Q3 22	$518M	$129M	$128M
Q4 22	$423M	$58M	$57M
Q1 23	$430M	$69M	$68M
Q2 23	$414M	$83M	$82M
Q3 23	$511M	$127M	$126M
Q4 23	$412M	$38M	$37M
Q1 24	$449M	$50M	$50M
Q2 24	$451M	$104M	$103M
Q3 24	$529M	$134M	$134M
Q4 24	$398M	$43M	$41M
Q1 25	$432M	$56M	$55M
Q2 25	$451M	$101M	$101M
Q3 25	$524M	$134M	$133M
Q4 25	$405M	$73M	$71M

Valuation

Quarter	P/S	P/E
Q1 22	5.4x	32.8x
Q2 22	5.5x	33.6x
Q3 22	5.2x	32.4x
Q4 22	4.9x	31.3x
Q1 23	4.7x	30.1x
Q2 23	4.5x	29.6x
Q3 23	4.6x	29.8x
Q4 23	4.6x	31.0x
Q1 24	4.5x	32.0x
Q2 24	4.4x	29.5x
Q3 24	4.4x	28.7x
Q4 24	4.4x	28.0x
Q1 25	4.5x	26.9x
Q2 25	4.5x	26.4x
Q3 25	4.5x	25.5x
Q4 25	4.5x	25.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$93M	-$10M
Q2 22	$63M	-$29M
Q3 22	$113M	$2M
Q4 22	$82M	-$45M
Q1 23	-$90M	-$209M
Q2 23	$97M	-$59M
Q3 23	$155M	$2M
Q4 23	$105M	-$79M
Q1 24	$110M	-$150M
Q2 24	$146M	-$200M
Q3 24	$202M	-$16M
Q4 24	$136M	-$49M
Q1 25	$124M	-$77M
Q2 25	$177M	-$156M
Q3 25	$163M	-$128M
Q4 25	$138M	-$216M

Capital Expenditures

Quarter	CapEx
Q1 22	$103M
Q2 22	$92M
Q3 22	$111M
Q4 22	$127M
Q1 23	$118M
Q2 23	$156M
Q3 23	$153M
Q4 23	$184M
Q1 24	$260M
Q2 24	$346M
Q3 24	$218M
Q4 24	$185M
Q1 25	$201M
Q2 25	$333M
Q3 25	$291M
Q4 25	$354M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+8.9%	+11.2%
Q2 22	-0.4%	+3.6%
Q3 22	+15.9%	+20.8%
Q4 22	+26.3%	+29.4%
Q1 23	+24.8%	+27.5%
Q2 23	+15.4%	+19.6%
Q3 23	-1.4%	-1.3%
Q4 23	-2.6%	+2.5%
Q1 24	+4.5%	+10.5%
Q2 24	+9.0%	+4.9%
Q3 24	+3.4%	+2.7%
Q4 24	-3.4%	-4.9%
Q1 25	-3.7%	-5.5%
Q2 25	-0.0%	+0.7%
Q3 25	-0.8%	-0.9%
Q4 25	+1.7%	-6.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

Revenue Segments

Quarter	Derivative revenues	Energy efficiency program revenues	Idaho Fixed Cost Adjustment	Other revenues	Retail revenues	Transmission services (wheeling)	Wholesale energy sales
Q1 22	$15M	$7M	-$10M	$7M	$296M	$16M	$3M
Q2 22	$6M	$7M	-$6M	$8M	$312M	$18M	$7M
Q3 22	$3M	$8M	$1M	$7M	$441M	$23M	$35M
Q1 23	$34M	$5M	-$9M	$7M	$331M	$22M	$30M
Q2 23	$22M	$7M	-$6M	$8M	$342M	$20M	$15M
Q3 23	$7M	$10M	$6M	$8M	$459M	$20M	$5M
Q1 24	$31M	$4M	$740.0K	$7M	$343M	$24M	$38M
Q2 24	$9M	$7M	$2M	$9M	$387M	$17M	$21M
Q3 24	—	$5M	—	$8M	$487M	$19M	$7M
Q4 24	—	$11M	—	$8M	$336M	$19M	$8M
Q2 25	—	$6M	—	$9M	$399M	$16M	$15M
Q3 25	—	$7M	—	$9M	$478M	$18M	$11M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$219M	$0	$219M
Q2 22	$238M	$25M	$263M
Q3 22	$226M	$0	$226M
Q4 22	$178M	$0	$178M
Q1 23	$358M	$0	$358M
Q2 23	$135M	$0	$135M
Q3 23	$445M	$0	$445M
Q4 23	$327M	$0	$327M
Q1 24	$158M	$0	$158M
Q2 24	$170M	$0	$170M
Q3 24	$428M	$0	$428M
Q4 24	$369M	$0	$369M
Q1 25	$634M	$0	$634M
Q2 25	$474M	$0	$474M
Q3 25	$333M	$0	$333M
Q4 25	$216M	$0	$216M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	51M	-0.0%	+0.2%
Q2 22	51M	+0.1%	+0.1%
Q3 22	51M	+0.1%	+0.1%
Q4 22	51M	+0.0%	+0.1%
Q1 23	51M	-0.0%	+0.1%
Q2 23	51M	+0.1%	+0.1%
Q3 23	51M	+0.1%	+0.2%
Q4 23	51M	+0.3%	+0.4%
Q1 24	51M	-0.3%	+0.1%
Q2 24	52M	+2.8%	+2.9%
Q3 24	53M	+2.4%	+5.3%
Q4 24	54M	+0.9%	+5.9%
Q1 25	54M	+0.3%	+6.6%
Q2 25	54M	+0.5%	+4.1%
Q3 25	55M	+1.2%	+2.9%
Q4 25	55M	-0.5%	+1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$172.8K	2K
Q2 22	$180.1K	2K
Q3 22	$260.0K	2K
Q4 22	$204.3K	2K
Q1 23	$207.6K	2K
Q2 23	$199.9K	2K
Q3 23	$246.8K	2K
Q4 23	$196.2K	2K
Q1 24	$213.8K	2K
Q2 24	$214.8K	2K
Q3 24	$251.7K	2K
Q4 24	$186.9K	2K
Q1 25	$203.0K	2K
Q2 25	$211.7K	2K
Q3 25	$246.2K	2K
Q4 25	$186.2K	2K

Revenue / Employee