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IDACORP, Inc.

IDA Utilities Utilities Regulated Electric

IDACORP, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, down 0.75% from fiscal 2024.

Revenue
+16.0%
EPS
+20.9%
Free cash flow
−18.3%
Total debt
+12.1%

Quarter to September 2026, against a year earlier

146.83 0.65 −0.44%
Market cap
$8.7B
P/E
22.1×
Fwd P/E
22.7×
Dividend yield
2.41%
F-score
6/9
Altman Z
1.22
Beneish M
−2.78
Dividend safety
46/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Sold, $m 0.96
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 1 — 1 1 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 8,670.00
Revenue ttm 1,886.49
Net income ttm 375.10
Free cash flow ttm (994.13)
Net debt Q 3,676.89
Valuation
P/E 22.11
Forward P/E 22.70
Price / sales 4.49
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.08
Financial health
Current ratio Q 1.18
Debt / equity Q 0.95
Interest coverage Q 3.00
Growth
Revenue growth Q +15.95% (above 0%: growing)
Operating income growth Q +23.41% (above 0%: growing)
EPS, this year +8.99%
EPS, next year A +8.73%
Revenue, next year A +10.26% (at or above 10%: strong)
EPS, past 5 yrs +4.70%
EPS, next 5 yrs A +9.11%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 6.5×, against a ten-year median of 4.8×; over the ten years it ranged from 3.9× in 2024 to 6.7× in 2026.
P/E against its own 10 years 76.75%
10-year low 10-year high
P/S against its own 10 years 98.57%
10-year low 10-year high
P/B against its own 10 years 77.92%
10-year low 10-year high
EV/Sales against its own 10 years 98.86%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.41%
Annual rate
3.54
Payout ratio
54.4%
Growth, 2018–26
+4.98%/yr
  1. 2.40 ’18
  2. 2.56 ’19 +7
  3. 2.72 ’20 +6
  4. 2.88 ’21 +6
  5. 3.04 ’22 +6
  6. 3.20 ’23 +5
  7. 3.35 ’24 +5
  8. 3.46 ’25 +3
  9. 3.54 ’26 +2
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 327 369 216 188
Receivables 176 158 144 261
Inventory 160 245 226 230
Other 317 187 217 384
1,004 988 833 1,096
2023 2024 2025 Q'26
Payables 309 307 345 431
ST’ Debt 50 20 116 —
Other 166 254 302 353
634 701 898 926

Compound Annual Growth %

10y 5y 3y
Sales 3.62% 6.06% 3.32%
Cash Flow 5.47% 9.17% 19.66%
Earnings 5.21% 6.38% 7.69%
Book Value 5.67% 6.88% 8.33%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.51 Actual 2.73

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.74 0.78 Beat by 0.04
Q1 FY26 1.12 1.21 Beat by 0.09
Q2 FY26 1.75 1.79 Beat by 0.04
Q3 FY26 2.51 2.73 Beat by 0.22
Q4 FY26 0.89 — Reports 18 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.21 1.79 2.73 — —
’25 1.10 1.76 2.26 0.78 5.90
’24 0.95 1.71 2.12 0.70 5.50
’23 1.11 1.35 2.07 0.61 5.14
’22 0.91 1.27 2.10 0.83 5.11
’21 0.89 1.38 1.93 0.65 4.85
’20 0.74 1.19 2.02 0.74 4.69
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 403 470 608 — —
’25 432 451 524 405 1,813
’24 449 451 529 398 1,827
’23 430 414 511 412 1,766
’22 344 359 518 423 1,644
’21 316 360 447 335 1,458
’20 291 319 425 316 1,351
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 76 103 199 — —
’25 124 177 163 138 602
’24 110 146 202 136 594
’23 (90) 97 155 105 267
’22 93 63 113 82 351
’21 84 84 136 60 363
’20 34 95 155 104 388
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (296) (301) (136) — —
’25 (77) (150) (115) (229) (577)
’24 (150) (200) (16) (49) (415)
’23 (209) (59) 2 (79) (344)
’22 (10) (29) 2 (45) (81)
’21 6 33 68 (43) 63
’20 (40) 23 87 7 77
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 30.0% a year for ten years.

Implied
30.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,262 1,349 1,371 1,346 1,351 1,458 1,644 1,766 1,827 1,813 1,886 +4.1% 1,999 2,206 2,392 +9.7%
Gross margin, % 66.73 66.89 65.78 67.01 67.69 64.04 59.01 55.62 57.62 63.01 68.26 (3.7) pt
EBT 235 262 245 258 267 283 297 289 305 310 390 +3.2%
EBT margin, % 18.58 19.40 17.87 19.15 19.74 19.39 18.09 16.37 16.70 17.12 20.70 (1.5) pt
Net income 198 213 228 233 238 246 260 262 290 324 375 +5.6%
Per share, $
Per share, $ Revenue 25.09 26.80 27.18 26.66 26.73 28.82 32.45 34.83 34.76 33.43 32.68 +3.2%
Earnings 3.94 4.22 4.50 4.61 4.70 4.85 5.11 5.15 5.50 5.90 6.64 +4.6%
Cash flow 6.84 8.64 9.75 7.26 7.68 7.18 6.93 5.27 11.31 11.10 8.94 +5.5%
Capex (5.90) (5.67) (5.51) (5.52) (6.15) (5.93) (8.54) (12.05) (19.21) (21.74) (26.16) +15.6%
Free cash flow 0.94 2.97 4.24 1.74 1.53 1.25 (1.60) (6.78) (7.90) (10.65) (17.22) n/m
Book value 42.90 44.80 47.11 48.92 50.78 52.87 55.56 57.47 63.53 65.98 70.72 +4.9%
Shares, m 50 50 50 51 51 51 51 51 53 54 56 +0.8%
Valuation, ×
Valuation, × P/E 20.32 21.29 20.63 23.17 20.48 23.36 21.18 19.26 19.87 21.27 22.11 21.1
P/S 3.19 3.35 3.42 4.01 3.59 3.93 3.34 2.85 3.14 3.79 4.49 3.5
P/B 1.87 2.01 1.98 2.18 1.89 2.14 1.95 1.73 1.72 1.92 2.08 1.9
EV/Sales 4.53 4.59 4.66 5.21 4.98 5.28 4.61 4.26 4.62 5.57 6.50 4.8
EV/FCF 116.56 40.74 29.41 76.72 83.39 115.26 (97.39) (22.10) (20.53) (17.76) (12.86) 30.4
Cash, $m
Cash, $m Operating cash flow 344 435 492 367 388 363 351 267 594 602 516 +6.4%
Capex (297) (285) (278) (279) (311) (300) (433) (611) (1,009) (1,179) (1,510) +16.6%
Free cash flow 47 150 214 88 77 63 (81) (344) (415) (577) (994) n/m
Balance, $m
Balance, $m Working capital 191 243 339 190 355 270 145 370 288 (64) 170 n/m
Net debt 1,684 1,669 1,567 1,619 1,700 1,785 2,017 2,498 2,705 3,232 3,677 +7.5%
Shareholders’ equity 2,158 2,256 2,376 2,471 2,566 2,675 2,815 2,915 3,338 3,579 4,083 +5.8%
Returns, %
Returns, % ROA 3.22 3.44 3.65 3.58 3.46 3.43 3.51 3.26 3.26 3.32 3.49 +0.1 pt
ROIC 4.61 5.02 4.71 4.56 4.53 4.62 4.23 3.62 3.39 3.25 3.58 (1.4) pt
ROE 9.40 9.62 9.79 9.61 9.43 9.37 9.43 9.12 9.25 9.35 9.89 (0.1) pt
People
People Employees 2,008 1,972 1,981 1,985 1,950 1,999 2,070 2,112 2,141 2,185 — +0.9%
Revenue/emp, $m 0.63 0.68 0.69 0.68 0.69 0.73 0.79 0.84 0.85 0.83 — +3.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

IDACORP is a Boise-based holding company founded in 1998. Its chief executive is Lisa A. Grow. Its principal operating subsidiary, Idaho Power, generates, buys, transmits, distributes and sells electricity. Idaho Power’s utility operations account for nearly all of IDACORP’s current business operations.

Idaho Power supplies electricity to homes and businesses in southern Idaho and eastern Oregon. Its customers include farms that use electricity to pump irrigation water, as well as manufacturers, food processors, health-care providers, government agencies and information technology businesses. It also sells surplus electricity in wholesale markets and provides transmission service, moving electricity over its network for eligible customers.

IDACORP, Inc. vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EVRG Evergy Inc. $20.2B 18.9× 20.1× +15.84% (above 0%: growing) +28.64% (above 0%: growing) −62.16% (below 0%: shrinking) 0.00% 38.56% Compare
LNT Alliant Energy Corporation $19.1B 20.3× 20.8× +6.20% (above 0%: growing) +40.37% (above 0%: growing) −103.43% (below 0%: shrinking) 81.71% 30.27% Compare
KEP Korea Electric Power Corporation $14.3B 2.6× 4.1× −0.14% (below 0%: shrinking) −77.78% (below 0%: shrinking) −689.05% (below 0%: shrinking) 8.72% 5.15% Compare
PNW Pinnacle West Capital Corporation $12.6B 19.0× 22.0× +8.35% (above 0%: growing) +4.27% (above 0%: growing) −24.89% (below 0%: shrinking) 61.58% 31.47% Compare
OGE OGE Energy Corporation $10.5B 19.0× 19.8× +13.19% (above 0%: growing) +33.03% (above 0%: growing) −38.62% (below 0%: shrinking) 62.70% 36.23% Compare
IDA IDACORP, Inc. $8.7B 22.1× 22.7× +15.95% (above 0%: growing) +20.87% (above 0%: growing) −18.34% (below 0%: shrinking) 66.73% 29.39%
TXNM TXNM Energy, Inc. $6.4B 27.3× 19.2× +13.31% (above 0%: growing) +27.05% (above 0%: growing) −2,148.16% (below 0%: shrinking) 69.76% 36.97% Compare
POR Portland General Electric Company $5.5B 19.5× 14.9× +2.00% (above 0%: growing) +7.45% (above 0%: growing) −227.00% (below 0%: shrinking) 60.56% 19.26% Compare
NWE NorthWestern Corporation $5.1B 30.8× 23.6× +9.51% (above 0%: growing) −19.35% (below 0%: shrinking) −5.54% (below 0%: shrinking) 0.00% 17.61% Compare
Median of peers $11.5B 19.3× 20.0× +8.93% +17.25% −82.79% 61.07% 30.87%

All 39 Utilities Regulated Electric stocks →

From the latest earnings call

Updated

  • CEO Lisa Grow said industrial revenues rose 27% year over year as large contract customers constructed facilities and came online.
  • CFO Brian Buckham said IDACORP plans to update its capital spending forecast on the Q4 call and is evaluating a potential 2027 rate case.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 104.26%
Held by the ten largest 51.75%
Holder Shares Stake Change
BlackRock 6.83m 11.81% +339.56k
Vanguard 6.26m 10.83% +117.14k
Capital Group 2.48m 4.28% +830.09k
Wellington Management 2.45m 4.24% −403.94k
T. Rowe Price 2.42m 4.19% +341.88k
Fidelity (FMR) 2.21m 3.82% +765.87k
Morgan Stanley 2.21m 3.81% +28.18k
State Street 1.92m 3.32% −2.95k
Pictet Asset Management 1.71m 2.96% +941.48k
Two Sigma 1.44m 2.49% +89.35k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 2 April 2026

Ownership

Directors and executive officers, together 0.33% of Common Stock
BlackRock, Inc. 10.90%
The Vanguard Group, Inc. 10.50%
Wellington Management Group LLP 6.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

IDACORP, Inc. (IDA) Latest News

31 Oct

Impact 3 · · Simply Wall St.

30 Oct

Impact 4 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby

29 Oct

Impact 4 · · Zacks
Impact 4 · · Business Wire earnings
Impact 3 · · Zacks
Impact 3 · · Associated Press

23 Oct

Impact 3 · · Zacks

22 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks

13 Oct

Impact 4 · · Zacks

29 Sep

Impact 4 · · Zacks

22 Sep

Impact 3 · · Simply Wall St.

21 Sep

Impact 4 · · Zacks

1 Aug

Impact 3 ·

31 Jul

Impact 4 ·
Impact 3 · · MarketBeat

30 Jul

Impact 3 ·

24 Jul

Impact 3 ·

29 May

Impact 4 · · Simply Wall St.

1 May

Impact 4 ·
Impact 3 · · MarketBeat
Impact 3 · · Moby

30 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Business Wire

29 Apr

Impact 4 · · Simply Wall St.

23 Apr

Impact 4 · · Zacks

IDA metrics, ten years each

stockrow.com/IDA · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com