Health score, competitive moat, risk signals, and key metrics at a glance.
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 and eastern Oregon; and three natural gas-fired plants situated in southern Idaho, as well as interests in a coal-fired and natural gas-fired steam generating plant located in Wyoming; and interests in a coal-fired steam generating plant situated in Nevada. As of December 31, 2025, it had approximately 4,730 pole miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 12 switching stations; 31 mixed-use transmission and distribution substations; 188 energized distribution substations; approximately 30,020 linear miles of distribution lines; and a capacity of 1,228 MWh of battery storage. The company provides electric utility services to approximately 664,000 retail customers in southern Idaho and eastern Oregon. It serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, education, and information technology. The company also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.
Competitive analysis based on 64 quarters of fundamental data
Operating margins are expanding at ~19.3%, suggesting durable pricing power and cost discipline.
ROE is positive at ~8.9% on average, adequate but below the threshold typically associated with wide moats.
Data-driven red flags and warnings across 64 quarters
Margins are stable or improving at ~20.8% — no sign of cost or pricing stress.
Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 1.0 — conservative capital structure with low financial risk.
Revenue has softened, declining in 5 quarters. Monitor for further erosion.
The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Shares outstanding increased 5.5% — significant dilution, likely from stock compensation or capital raises.
as of March 2026
Revenue, EBITDA, operating income, net income, EPS, and shares
Gross, EBITDA, operating, and net margin trends
P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield
Total assets, cash, debt, book value, and leverage
Operating cash flow, free cash flow, FCF margin, and earnings quality
Only 0 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
