Idacorp Financials
Idacorp (IDA) reported $1.7B in revenue for fiscal year 2025, down 1.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
IDA’s dominant mechanic is heavy reinvestment: operating cash becomes capital spending, leaving earnings positive while free cash flow remains negative.
FY2025 operating cash flow was$602M , nearly 1.9x net income, so reported earnings are converting into cash before reinvestment. Capital spending of$1.2B then exceeded that cash generation, leaving free cash flow at-$577M and making expansion the main financing pressure.
With revenue edging down, operating margin rose to
Debt-to-equity rose to 0.9x in FY2024 from 0.7x in FY2021, indicating the capital program increasingly relied on balance-sheet funding. The current ratio fell to 1.4x from 1.8x, leaving less short-term flexibility even though current assets still exceeded current liabilities.
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Idacorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
For every $1 of reported earnings, Idacorp generates $1.86 in operating cash flow ($601.8M OCF vs $323.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Idacorp earns $2.10 in operating income for every $1 of interest expense ($354.0M vs $168.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Idacorp generated $1.7B in revenue in fiscal year 2025. This represents a decrease of 1.2% from the prior year.
Idacorp's EBITDA was $612.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.2% from the prior year.
Idacorp reported $323.5M in net income in fiscal year 2025. This represents an increase of 11.9% from the prior year.
Idacorp earned $5.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.3% from the prior year.
Cash & Balance Sheet
Idacorp recorded an outflow of $577.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 39.2% from the prior year.
Idacorp carried $3.3B in long-term debt as of fiscal year 2025; cash and equivalents are not reported for that period.
Idacorp paid $3.46 per share in dividends in fiscal year 2025. This represents an increase of 3.3% from the prior year.
Margins & Returns
Idacorp's operating margin was 20.3% in fiscal year 2025, reflecting core business profitability. This is up 1.7 percentage points from the prior year.
Idacorp's net profit margin was 18.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Idacorp spent $3.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 11.8% from the prior year.
Idacorp invested $1.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 16.8% from the prior year.
Not reported for fiscal year 2025.
IDA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B-1.2% | $1.8B+7.9% | $1.6B+5.2% | $1.6B+12.7% | $1.4B+7.5% | $1.3B+0.1% | $1.3B-2.0% | $1.3B-0.6% | $1.3B+8.5% | $1.2B-4.2% | $1.3B-1.0% | $1.3B+2.9% | $1.2B+15.3% | $1.1B+5.3% | $1.0B |
| Operating Income | $354.0M+8.0% | $327.8M+4.6% | $313.5M-4.2% | $327.2M-0.8% | $329.7M+6.5% | $309.5M+3.8% | $298.3M+0.5% | $296.9M-5.9% | $315.5M+11.3% | $283.6M+0.5% | $282.1M+11.2% | $253.7M-13.0% | $291.7M+20.3% | $242.6M+56.2% | $155.4M |
| Interest Expense | $168.2M+23.8% | $135.9M+16.7% | $116.5M+30.3% | $89.4M+3.1% | $86.7M-0.8% | $87.4M+1.1% | $86.5M+0.6% | $85.9M+2.6% | $83.7M+2.1% | $82.0M+0.1% | $81.9M+2.7% | $79.8M-1.5% | $81.0M+9.7% | $73.9M+3.3% | $71.5M |
| Income Tax | -$13.7M-191.1% | $15.1M-44.9% | $27.3M-27.9% | $37.8M+2.5% | $36.9M+28.6% | $28.7M+17.1% | $24.5M+41.0% | $17.4M-64.3% | $48.7M+33.6% | $36.4M-20.4% | $45.8M+172.8% | $16.8M-76.8% | $72.2M+113.7% | $33.8M+176.2% | -$44.4M |
| Net Income | $323.5M+11.9% | $289.2M+10.7% | $261.2M+0.9% | $259.0M+5.5% | $245.6M+3.4% | $237.4M+2.0% | $232.9M+2.7% | $226.8M+6.8% | $212.4M+7.1% | $198.3M+1.9% | $194.7M+0.6% | $193.5M+6.1% | $182.4M+5.4% | $173.0M+1.8% | $170.0M |
| EPS (Diluted) | $5.90+7.3% | $5.50+7.0% | $5.14+0.6% | $5.11+5.4% | $4.85+3.4% | $4.69+1.7% | $4.61+2.7% | $4.49+6.7% | $4.21+6.9% | $3.94+1.8% | $3.87+0.5% | $3.85+5.8% | $3.64+5.2% | $3.46+0.9% | $3.43 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
IDA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | N/A | $9.2B+9.0% | $8.5B+12.4% | $7.5B+4.6% | $7.2B+1.6% | $7.1B+6.8% | $6.6B+4.0% | $6.4B+5.6% | $6.0B-3.9% | $6.3B+4.4% | $6.0B+5.7% | $5.7B+6.6% | $5.3B+1.1% | $5.3B+7.4% | $4.9B |
| Current Assets | N/A | $988.5M-1.6% | $1.0B+44.7% | $693.7M+16.4% | $595.9M-7.2% | $642.4M+13.7% | $565.1M-5.4% | $597.6M+34.7% | $443.6M+0.7% | $440.3M-4.7% | $462.0M+4.5% | $442.1M-7.2% | $476.6M+29.8% | $367.3M+18.1% | $311.0M |
| Cash & Equivalents | N/A | $368.9M+12.7% | $327.4M+84.4% | $177.6M-17.5% | $215.2M-21.8% | $275.1M+26.6% | $217.3M-18.8% | $267.5M+249.0% | $76.6M+24.7% | $61.5M-46.4% | $114.8M+102.1% | $56.8M-27.3% | $78.2M+194.7% | $26.5M-4.6% | $27.8M |
| Accounts Receivable | N/A | $114.8M+7.1% | $107.3M-6.1% | $114.2M+44.9% | $78.8M+8.2% | $72.8M+0.2% | $72.7M-5.8% | $77.2M+2.6% | $75.2M+5.2% | $71.6M-2.7% | $73.5M-7.1% | $79.1M-19.2% | $97.9M+48.0% | $66.1M-0.3% | $66.3M |
| Total Liabilities | N/A | $5.9B+6.1% | $5.6B+17.6% | $4.7B+4.3% | $4.5B+0.2% | $4.5B+8.6% | $4.2B+4.1% | $4.0B+5.8% | $3.8B-8.3% | $4.1B+4.3% | $4.0B+5.8% | $3.7B+7.2% | $3.5B-1.5% | $3.5B+7.9% | $3.3B |
| Current Liabilities | N/A | $700.8M+10.5% | $634.1M+15.6% | $548.6M+68.5% | $325.6M+13.2% | $287.6M-23.3% | $374.9M+45.0% | $258.6M+28.8% | $200.7M-19.6% | $249.7M+3.1% | $242.3M+0.2% | $241.8M-3.4% | $250.4M-28.7% | $351.3M-4.6% | $368.2M |
| Long-Term Debt | $3.3B+9.1% | $3.1B+10.0% | $2.8B+26.5% | $2.2B+9.7% | $2.0B0.0% | $2.0B+15.2% | $1.7B-5.3% | $1.8B+5.1% | $1.7B+0.1% | $1.7B+1.1% | $1.7B+7.9% | $1.6B-1.0% | $1.6B+10.1% | $1.5B+5.7% | $1.4B |
| Total Equity | N/A | $3.3B+14.6% | $2.9B+3.6% | $2.8B+5.2% | $2.7B+4.2% | $2.6B+3.9% | $2.5B+4.0% | $2.4B+5.3% | $2.3B+4.5% | $2.2B+4.7% | $2.1B+5.4% | $2.0B+5.5% | $1.9B+6.3% | $1.7B+6.4% | $1.6B |
| Retained Earnings | N/A | $2.1B+5.6% | $2.0B+5.1% | $1.9B+5.7% | $1.8B+5.7% | $1.7B+6.1% | $1.6B+6.7% | $1.5B+7.4% | $1.4B+7.8% | $1.3B+7.6% | $1.2B+8.6% | $1.1B+10.2% | $1.0B+11.2% | $924.0M+12.7% | $819.7M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
IDA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $601.8M+1.2% | $594.4M+122.6% | $267.0M-24.0% | $351.3M-3.3% | $363.3M-6.4% | $388.1M+5.9% | $366.6M-25.4% | $491.6M+13.0% | $435.2M+26.4% | $344.2M-2.5% | $353.2M-3.1% | $364.3M+19.2% | $305.5M+22.6% | $249.3M-19.7% | $310.2M |
| Capital Expenditures | $1.2B+16.8% | $1.0B+65.1% | $611.1M+41.3% | $432.6M+44.2% | $300.0M-3.5% | $310.9M+11.6% | $278.7M+0.3% | $277.9M-2.7% | $285.5M-3.9% | $296.9M+1.0% | $294.0M+7.3% | $274.1M+11.1% | $246.7M+2.9% | $239.8M-29.0% | $337.8M |
| Free Cash Flow | -$577.5M-39.2% | -$414.9M-20.6% | -$344.1M-323.2% | -$81.3M-228.5% | $63.3M-18.0% | $77.2M-12.2% | $87.9M-58.9% | $213.8M+42.8% | $149.7M+216.8% | $47.2M-20.2% | $59.2M-34.4% | $90.2M+53.3% | $58.9M+521.0% | $9.5M+134.4% | -$27.5M |
| Investing Cash Flow | -$1.0B-12.1% | -$917.7M-55.5% | -$589.9M-39.1% | -$424.3M-55.0% | -$273.7M+21.2% | -$347.3M-23.8% | -$280.5M-8.6% | -$258.2M+7.9% | -$280.4M+4.6% | -$293.9M-0.8% | -$291.7M-7.1% | -$272.4M-15.1% | -$236.6M+3.0% | -$243.8M+26.6% | -$332.4M |
| Financing Cash Flow | $273.9M-24.9% | $364.7M-22.9% | $472.8M+1238.7% | $35.3M+123.6% | -$149.5M-979.9% | $17.0M+112.5% | -$136.4M-220.1% | -$42.6M+69.5% | -$139.6M-34.7% | -$103.6M-2864.6% | -$3.5M+96.9% | -$113.3M-554.0% | -$17.3M-157.2% | -$6.7M+96.2% | -$178.7M |
| Dividends Paid | $188.5M+6.7% | $176.6M+8.0% | $163.5M+6.0% | $154.3M+5.6% | $146.1M+6.0% | $137.8M+6.3% | $129.7M+6.8% | $121.4M+7.3% | $113.1M+7.8% | $105.0M+8.4% | $96.8M+9.4% | $88.5M+12.3% | $78.8M+14.4% | $68.9M+15.5% | $59.7M |
| Share Buybacks | $3.3M-11.8% | $3.8M+15.5% | $3.3M+5.2% | $3.1M+2.6% | $3.0M-34.7% | $4.6M+11.6% | $4.2M+15.1% | $3.6M+12.5% | $3.2M-3.5% | $3.3M+1.6% | $3.3M+19.7% | $2.7M+28.9% | $2.1M+3.0% | $2.1M+6.7% | $1.9M |
IDA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.3%+1.7pp | 18.5%-0.6pp | 19.1%-1.9pp | 21.0%-2.8pp | 23.8%-0.2pp | 24.1%+0.9pp | 23.2%+0.6pp | 22.6%-1.3pp | 23.9%+0.6pp | 23.3%+1.1pp | 22.2%+2.4pp | 19.8%-3.6pp | 23.4%+1.0pp | 22.4%+7.3pp | 15.1% |
| Net Margin | 18.5%+2.2pp | 16.4%+0.4pp | 15.9%-0.7pp | 16.6%-1.1pp | 17.8%-0.7pp | 18.4%+0.3pp | 18.1%+0.8pp | 17.3%+1.2pp | 16.1%-0.2pp | 16.3%+1.0pp | 15.3%+0.2pp | 15.1%+0.5pp | 14.6%-1.4pp | 16.0%-0.6pp | 16.6% |
| Return on Equity | N/A | 8.7%-0.3pp | 9.0%-0.2pp | 9.2%0.0pp | 9.2%-0.1pp | 9.3%-0.2pp | 9.4%-0.1pp | 9.6%+0.1pp | 9.4%+0.2pp | 9.2%-0.3pp | 9.5%-0.4pp | 9.9%+0.1pp | 9.9%-0.1pp | 9.9%-0.5pp | 10.4% |
| Return on Assets | N/A | 3.1%+0.1pp | 3.1%-0.3pp | 3.4%0.0pp | 3.4%+0.1pp | 3.4%-0.2pp | 3.5%0.0pp | 3.5%0.0pp | 3.5%+0.4pp | 3.1%-0.1pp | 3.2%-0.2pp | 3.4%0.0pp | 3.4%+0.1pp | 3.3%-0.2pp | 3.5% |
| Current Ratio | N/A | 1.41-0.2x | 1.58+0.3x | 1.26-0.6x | 1.83-0.4x | 2.23+0.7x | 1.51-0.8x | 2.31+0.1x | 2.21+0.4x | 1.76-0.1x | 1.91+0.1x | 1.83-0.1x | 1.90+0.9x | 1.05+0.2x | 0.84 |
| Debt-to-Equity | N/A | 0.920.0x | 0.95+0.2x | 0.780.0x | 0.750.0x | 0.78+0.1x | 0.70-0.1x | 0.770.0x | 0.780.0x | 0.810.0x | 0.840.0x | 0.82-0.1x | 0.870.0x | 0.840.0x | 0.85 |
| FCF Margin | -33.1%-9.6pp | -23.4%-2.5pp | -21.0%-15.8pp | -5.2%-9.8pp | 4.6%-1.4pp | 6.0%-0.8pp | 6.8%-9.4pp | 16.3%+4.9pp | 11.3%+7.5pp | 3.9%-0.8pp | 4.7%-2.4pp | 7.0%+2.3pp | 4.7%+3.8pp | 0.9%+3.6pp | -2.7% |
Not reported in any period shown, so not listed: Gross Margin.
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Where Idacorp Ranks
Frequently Asked Questions
What is Idacorp's annual revenue?
Idacorp (IDA) reported $1.7B in total revenue for fiscal year 2025. This represents a -1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Idacorp's revenue growing?
Idacorp (IDA) revenue declined by 1.2% year-over-year, from $1.8B to $1.7B in fiscal year 2025.
Is Idacorp profitable?
Yes, Idacorp (IDA) reported a net income of $323.5M in fiscal year 2025, with a net profit margin of 18.5%.
What is Idacorp's EBITDA?
Idacorp (IDA) had EBITDA of $612.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Idacorp's operating margin?
Idacorp (IDA) had an operating margin of 20.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Idacorp's net profit margin?
Idacorp (IDA) had a net profit margin of 18.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Idacorp pay dividends?
Yes, Idacorp (IDA) paid $3.46 per share in dividends during fiscal year 2025.
What is Idacorp's free cash flow?
Idacorp (IDA) recorded an outflow of $577.5M in free cash flow during fiscal year 2025. This represents a -39.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Idacorp's operating cash flow?
Idacorp (IDA) generated $601.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Idacorp's capital expenditures?
Idacorp (IDA) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Are Idacorp's earnings high quality?
Idacorp (IDA) has an earnings quality ratio of 1.86x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Idacorp cover its interest payments?
Idacorp (IDA) has an interest coverage ratio of 2.10x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Idacorp?
Idacorp (IDA) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.