Loading financials from SEC filings…
Utilities - Regulated electric · Utilities · Fiscal year ends Dec 31
Idacorp reported revenue of $1.7B in the fiscal year ended Dec 2025, down 1.2% from the year before. Operating income was $354M, an operating margin of 20.3%, and net income was $323M. Operating cash flow of $602M less capital expenditure of $1.2B left free cash flow of −$577M. Net debt was $3.2B.
Ranks among the 36 utilities - regulated electric companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,383 | 1,558 | 1,640 | 1,769 | 1,747 |
| Operating income | 330 | 327 | 313 | 328 | 354 |
| Interest expense | 86.7 | 89.4 | 116 | 136 | 168 |
| Pre-tax income | 283 | 297 | 289 | 305 | 310 |
| Income tax | 36.9 | 37.8 | 27.3 | 15.1 | −13.7 |
| Net income | 246 | 259 | 261 | 289 | 323 |
| Diluted EPS | 4.85 | 5.11 | 5.14 | 5.50 | 5.90 |
| Diluted shares | 50.6 | 50.7 | 50.8 | 52.6 | 54.8 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 215 | 178 | 327 | 369 | 216 |
| Receivables | 78.8 | 114 | 107 | 115 | 97.7 |
| Current assets | 596 | 694 | 1,004 | 988 | 833 |
| Net PP&E | 4,902 | 5,173 | 5,745 | 6,517 | 7,648 |
| Total assets | 7,211 | 7,543 | 8,476 | 9,239 | 10,225 |
| Payables | 146 | 293 | 309 | 307 | 345 |
| Deferred revenue | 43.5 | 72.2 | 104 | 165 | 202 |
| Current liabilities | 326 | 549 | 634 | 701 | 898 |
| Short-term debt | 0.0 | 0.0 | 49.8 | 19.9 | 116 |
| Long-term debt | 2,001 | 2,194 | 2,776 | 3,054 | 3,331 |
| Total liabilities | 4,535 | 4,729 | 5,561 | 5,901 | 6,647 |
| Shareholders' equity | 2,668 | 2,807 | 2,908 | 3,331 | 3,572 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 363 | 351 | 267 | 594 | 602 |
| Capital expenditure | 300 | 433 | 611 | 1,009 | 1,179 |
| Free cash flow | 63.3 | −81.3 | −344 | −415 | −577 |
| Depreciation & amortisation | 179 | 174 | 200 | 228 | 258 |
| Share buybacks | 3.0 | 3.1 | 3.3 | 3.8 | 3.3 |
| Dividends paid | 146 | 154 | 164 | 177 | 188 |
| Dividend per share | 2.88 | 3.04 | 3.20 | 3.35 | 3.46 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.7% | 5.2% | 7.9% | −1.2% |
| Operating income growth (YoY) | – | −0.8% | −4.2% | 4.6% | 8.0% |
| EPS growth (YoY) | – | 5.4% | 0.6% | 7.0% | 7.3% |
| Operating margin | 23.8% | 21.0% | 19.1% | 18.5% | 20.3% |
| Net margin | 17.8% | 16.6% | 15.9% | 16.3% | 18.5% |
| Return on equityBlank when equity is negative | 9.2% | 9.2% | 9.0% | 8.7% | 9.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 4.8% | 4.7% | 4.0% | 3.8% | 3.8% |
| Free cash flow margin | 4.6% | −5.2% | −21.0% | −23.5% | −33.1% |
| Cash conversion (CFO ÷ net income) | 1.48x | 1.36x | 1.02x | 2.06x | 1.86x |
| Receivable days | 21 | 27 | 24 | 24 | 20 |
| Interest cover | 3.80x | 3.66x | 2.69x | 2.41x | 2.10x |
| Debt ÷ equity | 0.75x | 0.78x | 0.97x | 0.92x | 0.97x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 1,785 | 2,017 | 2,498 | 2,705 | 3,232 |
| Current ratio | 1.83x | 1.26x | 1.58x | 1.41x | 0.93x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.