A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
IDACORP INC
IDA
$8.1B
Mkt Cap
$148.57
-0.53%
IDACORP INC (IDA) has a current P/E ratio of 25.2, compared to its historical median P/E of 18.5. The stock is currently considered Expensive based on its historical valuation range.
IDACORP INC (IDA) has a 5-year average return on invested capital (ROIC) of 5.9%. This is below average and may indicate limited pricing power.
IDACORP INC (IDA) has a market capitalization of $8.1B. It is classified as a mid-cap stock.
Yes, IDACORP INC (IDA) pays a dividend with a trailing twelve-month yield of 2.31%. The company also returns capital through share buybacks, with a buyback yield of 0.04%.
Based on historical P/E analysis, IDACORP INC (IDA) appears expensive. The current P/E of 25.2 is 36% above its historical median of 18.5. The estimated fair value CAGR (P/E method) is 3.6%.
IDACORP INC (IDA) operates in the Electric Services industry, within the Utilities sector.
IDACORP INC (IDA) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
IDACORP is a holding company whose principal operating subsidiary, Idaho Power, is a regulated electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy serving approximately 664,000 retail customers (about 561,000 residential) across southern Idaho and eastern Oregon, covering approximately 24,000 square miles with an estimated population of 1.4 million. Idaho Power's business model is based on cost-of-service rate regulation by the Idaho Public Utilities Commission, Oregon Public Utilities Commission, and the Federal Energy Regulatory Commission, which determine authorized rates and oversee utility operations; the company earns returns on its regulated rate base through customer billings for electricity, with revenues supplemented by wholesale energy sales and transmission services under market-based tariffs. The utility's customer base spans residential, commercial and industrial sectors (including food processing, electronics, manufacturing, agriculture, health care, government, education, and information technology), plus irrigation customers who operate seasonal pumps during growing seasons. Idaho Power's operations are capital-intensive, requiring substantial investment in generation assets (including hydroelectric, natural gas, and coal-fired plants), transmission infrastructure, and distribution networks; the company funds growth through a combination of operating cash flows and external financing maintained at a target 50/50 debt-to-equity capital ratio. IDACORP also holds subsidiaries including IFS, an investor in affordable housing and real estate tax credit investments, and Ida-West, an operator of small hydropower generation projects, though Idaho Power's regulated utility operations constitute nearly all of current business operations. On February 13, 2026, Idaho Power entered into a definitive agreement to sell its Oregon electric distribution business and associated distribution and transmission assets to OTEC.
【Infrastructure investment driving growth】 Management expects continued strong customer growth and load expansion, particularly from large manufacturing customers including Micron's semiconductor fabrication facilities, which will require substantial capital deployment over the 2026–2030 period. The company is advancing three major transmission projects—B2H (expected in-service late 2027), SWIP-North (as early as 2028), and Gateway West (critical section as early as 2028)—to provide access to diverse markets and transmission wheeling revenues, while also developing natural gas generation capacity (222 MW South Hills in 2029 and 430 MW Peregrine in 2030) to meet firm dispatchable resource needs. Management emphasizes that new large load contract revenues are expected to help offset higher depreciation, interest expense, and wildfire mitigation costs, supported by a disciplined culture of careful spending to maintain affordability for customers. The pending sale of Oregon distribution assets is expected to provide ongoing earnings-per-share benefits from lower dilution, with regulatory approvals anticipated to take 10 months or longer.
| Metric | Target | Period |
|---|---|---|
| Diluted earnings per share | $6.25–$6.45 | FY2026 |
| Additional tax credit amortization | less than $30 million | FY2026 |
| Capital expenditures | $1.3 billion–$1.5 billion | FY2026 |
| Hydropower generation | 5.5–7.0 million MWh | FY2026 |
Diluted earnings per share (FY2026): “We're reaffirming our full year 2026 IDACORP earnings guidance estimate in the range of $6.25-$6.45 diluted earnings per share”
Additional tax credit amortization (FY2026): “which includes our expectation that Idaho Power will use less than $30 million of additional tax credit amortization to support earnings”
Capital expenditures (FY2026): “We still anticipate spending between $1.3 billion and $1.5 billion on CapEx in 2026”
Hydropower generation (FY2026): “Given our current forecast of hydropower operating conditions, we expect hydropower generation to be within the range of 5.5-7.0 million MW h for the year”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.7B | 1.8B | 1.6B | 1.6B | 1.4B |
| Net Income | 323M | 323M | 289M | 261M | 259M | 246M |
| EPS | $5.90 | $5.90 | $5.50 | $5.14 | $5.11 | $4.85 |
| Free Cash Flow | -577M | -577M | -415M | -344M | -81M | 63M |
| ROIC | 5.4% | 5.5% | 5.4% | 5.6% | 6.2% | 6.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.97 | 0.97 | 0.92 | 0.97 | 0.78 | 0.75 |
| Dividends/Share | $3.44 | $3.46 | $3.35 | $3.20 | $3.04 | $2.88 |
| Operating Income | 354M | 354M | 328M | 313M | 327M | 330M |
| Operating Margin | 20.3% | 20.3% | 18.5% | 19.1% | 21.0% | 23.8% |
| ROE | 9.1% | 9.4% | 9.3% | 9.1% | 9.5% | 9.4% |
| Shares Outstanding | 55M | 55M | 53M | 51M | 51M | 51M |
| Metric | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.4B | 1.6B | 1.6B | 1.8B | 1.7B | 1.7B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 254M | 282M | 284M | 316M | 297M | 298M | 310M | 330M | 327M | 313M | 328M | 354M | 354M |
| Op. Margin | 19.8% | 22.2% | 22.5% | 23.4% | 22.6% | 23.2% | 24.1% | 23.8% | 21.0% | 19.1% | 18.5% | 20.3% | 20.3% |
| Net Income | 193M | 195M | 198M | 212M | 227M | 233M | 237M | 246M | 259M | 261M | 289M | 323M | 323M |
| Net Margin | 15.1% | 15.3% | 15.7% | 15.7% | 17.3% | 18.1% | 18.5% | 17.8% | 16.6% | 15.9% | 16.3% | 18.5% | 18.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.7% | 6.3% | 6.3% | 6.6% | 7.0% | 6.7% | 6.6% | 6.6% | 6.2% | 5.6% | 5.4% | 5.5% | 5.4% |
| ROE | 10.2% | 9.7% | 9.4% | 9.6% | 9.8% | 9.6% | 9.5% | 9.4% | 9.5% | 9.1% | 9.3% | 9.4% | 9.1% |
| ROA | 3.5% | 3.3% | 3.2% | 3.4% | 3.6% | 3.6% | 3.5% | 3.4% | 3.5% | 3.3% | 3.3% | 3.3% | 3.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 364M | 353M | 344M | 435M | 492M | 367M | 388M | 363M | 351M | 267M | 594M | 602M | 602M |
| Free Cash Flow | 90M | 59M | 47M | 150M | 214M | 88M | 77M | 63M | -81M | -344M | -415M | -577M | -577M |
| Owner Earnings | 202M | 183M | 191M | 262M | 313M | 184M | 208M | 160M | 153M | 43M | 342M | 319M | 319M |
| CapEx | 274M | 294M | 297M | 285M | 278M | 279M | 311M | 300M | 433M | 611M | 1.0B | 1.2B | 1.2B |
| Maint. CapEx | 137M | 143M | 147M | 166M | 169M | 174M | 176M | 179M | 174M | 200M | 228M | 258M | 258M |
| Growth CapEx | 137M | 151M | 150M | 120M | 109M | 105M | 135M | 121M | 259M | 411M | 781M | 921M | 921M |
| D&A | 137M | 143M | 147M | 166M | 169M | 174M | 176M | 179M | 174M | 200M | 228M | 258M | 258M |
| CapEx/OCF | 75.2% | 83.2% | 85.4% | 65.6% | 56.5% | 76.0% | 80.1% | 82.6% | 123.1% | 228.9% | 169.8% | 196.0% | 196.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 88M | 97M | 105M | 113M | 121M | 130M | 138M | 146M | 154M | 164M | 177M | 188M | 188M |
| Dividend Yield | 4.4% | 4.2% | 3.7% | 3.3% | 3.3% | 3.0% | 3.5% | 3.3% | 3.2% | 3.4% | 3.6% | 2.9% | 2.3% |
| Share Buybacks | 2.7M | 3.3M | 3.3M | 3.2M | 3.6M | 4.2M | 4.6M | 3.0M | 3.1M | 3.3M | 3.8M | 3.3M | 3.3M |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% |
| Stock-Based Comp | 25M | 28M | 5.6M | 7.4M | 9.4M | 8.8M | 4.6M | 23M | 24M | 24M | 25M | 24M | 24M |
| Debt Repayment | 1.1M | 121M | 101M | 1.1M | 130M | 166M | 175M | 0 | 4.4M | 225M | 50M | 20M | 20M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.6B | 1.6B | 1.7B | 1.7B | 1.6B | 1.6B | 1.7B | 1.8B | 2.0B | 2.5B | 2.7B | 3.2B | 3.2B |
| Cash & Equiv. | 57M | 115M | 61M | 77M | 267M | 217M | 275M | 215M | 178M | 327M | 369M | 216M | 216M |
| Long-Term Debt | 1.6B | 1.7B | 1.7B | 1.7B | 1.8B | 1.7B | 2.0B | 2.0B | 2.2B | 2.8B | 3.1B | 3.3B | 3.3B |
| Debt/Equity | 0.84 | 0.85 | 0.82 | 0.78 | 0.77 | 0.75 | 0.78 | 0.75 | 0.78 | 0.97 | 0.92 | 0.97 | 0.97 |
| Interest Coverage | 3.2 | 3.4 | 3.5 | 3.8 | 3.5 | 3.4 | 3.5 | 3.8 | 3.7 | 2.7 | 2.4 | 2.1 | 2.1 |
| Equity | 2.0B | 2.1B | 2.2B | 2.3B | 2.4B | 2.5B | 2.6B | 2.7B | 2.8B | 2.9B | 3.3B | 3.6B | 3.6B |
| Total Assets | 5.7B | 6.0B | 6.3B | 6.0B | 6.4B | 6.6B | 7.1B | 7.2B | 7.5B | 8.5B | 9.2B | 10.2B | 10.2B |
| Total Liabilities | 1.4B | 1.5B | 1.7B | 1.0B | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 1.1B | 1.2B | 1.3B | 1.4B | 1.5B | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.1B | 2.3B | 2.3B |
| Working Capital | 200M | 220M | 191M | 243M | 339M | 190M | 355M | 270M | 145M | 370M | 288M | -64M | -64M |
| Current Assets | 442M | 462M | 440M | 444M | 598M | 565M | 642M | 596M | 694M | 1.0B | 988M | 833M | 833M |
| Current Liabilities | 242M | 242M | 250M | 201M | 259M | 375M | 288M | 326M | 549M | 634M | 701M | 898M | 898M |
| Per Share Data | |||||||||||||
| EPS | 3.85 | 3.87 | 3.94 | 4.21 | 4.49 | 4.61 | 4.69 | 4.85 | 5.11 | 5.14 | 5.50 | 5.90 | 5.90 |
| Owner EPS | 4.02 | 3.64 | 3.80 | 5.19 | 6.20 | 3.64 | 4.10 | 3.17 | 3.02 | 0.84 | 6.50 | 5.82 | 5.82 |
| Book Value | 38.87 | 40.91 | 42.80 | 44.62 | 46.93 | 48.79 | 50.57 | 52.71 | 55.39 | 57.22 | 63.35 | 65.15 | 65.15 |
| Cash Flow/Share | 7.25 | 7.02 | 6.84 | 8.62 | 9.73 | 7.26 | 7.67 | 7.18 | 6.93 | 5.25 | 11.31 | 10.98 | 10.61 |
| Dividends/Share | 1.76 | 1.76 | 2.08 | 2.24 | 2.40 | 2.56 | 2.72 | 2.88 | 3.04 | 3.20 | 3.35 | 3.46 | 3.44 |
| Shares Out. | 50.3M | 50.3M | 50.3M | 50.5M | 50.5M | 50.5M | 50.6M | 50.6M | 50.7M | 50.8M | 52.6M | 54.8M | 54.8M |
| Valuation | |||||||||||||
| P/E Ratio | 12.7 | 13.4 | 15.6 | 17.2 | 16.7 | 19.2 | 17.4 | 20.2 | 19.1 | 17.9 | 19.3 | 21.4 | 25.2 |
| P/FCF | 27.3 | 44.2 | 65.4 | 24.4 | 17.7 | 50.8 | 53.6 | 78.4 | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 15.7 | 14.6 | 17.4 | 16.6 | 17.1 | 20.7 | 18.9 | 19.8 | 14.0 | 22.0 | 21.4 | 25.8 | 32.1 |
| Price/Book | 1.3 | 1.3 | 1.4 | 1.6 | 1.6 | 1.8 | 1.6 | 1.9 | 1.8 | 1.6 | 1.7 | 1.9 | 2.3 |
| Price/Sales | 1.6 | 1.8 | 2.3 | 2.5 | 2.7 | 3.2 | 2.9 | 3.0 | 3.0 | 2.7 | 2.7 | 3.6 | 4.7 |
| FCF Yield | 3.7% | 2.3% | 1.5% | 4.1% | 5.6% | 2.0% | 1.9% | 1.3% | -1.6% | -7.4% | -7.5% | -8.4% | -7.1% |
| Market Cap | 2.5B | 2.6B | 3.1B | 3.6B | 3.8B | 4.5B | 4.1B | 5.0B | 4.9B | 4.7B | 5.6B | 6.9B | 8.1B |
| Avg. Price | 40.15 | 46.30 | 56.90 | 67.64 | 73.67 | 84.40 | 78.39 | 87.30 | 95.93 | 93.81 | 94.00 | 118.17 | 148.57 |
| Year-End Price | 49.03 | 51.96 | 61.37 | 72.24 | 74.92 | 88.50 | 81.73 | 98.02 | 97.40 | 91.83 | 105.91 | 126.12 | 148.57 |
IDACORP INC passes 2 of 9 quality checks, indicating weak fundamentals.
IDACORP INC trades at 25.2x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.9%. Total shareholder yield (dividends) is 2.4%. At current prices, the estimated annualized return to fair value is -19.6%.
IDACORP INC (IDA) has a net profit margin of 18.5%. This is a healthy margin.
IDACORP INC (IDA) generated $-577 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
IDACORP INC (IDA) has a debt-to-equity ratio of 0.97. This indicates moderate leverage.
IDACORP INC (IDA) reported earnings per share (EPS) of $5.90 in its most recent fiscal year.
IDACORP INC (IDA) has a return on equity (ROE) of 9.4%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for IDACORP INC (IDA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
IDACORP INC (IDA) has a book value per share of $65.15, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued strong customer growth and load expansion, particularly from large manufacturing customers including Micron's semiconductor fabrication facilities, which will require substantial capital deployment over the 2026–2030 period. The company is advancing three major transmission projects—B2H (expected in-service late 2027), SWIP-North (as early as 2028), and Gateway West (critical section as early as 2028)—to provide access to diverse markets and transmission wheeling revenues, while also developing natural gas generation capacity (222 MW South Hills in 2029 and 430 MW Peregrine in 2030) to meet firm dispatchable resource needs. Management emphasizes that new large load contract revenues are expected to help offset higher depreciation, interest expense, and wildfire mitigation costs, supported by a disciplined culture of careful spending to maintain affordability for customers. The pending sale of Oregon distribution assets is expected to provide ongoing earnings-per-share benefits from lower dilution, with regulatory approvals anticipated to take 10 months or longer.
Based on recent SEC filings and earnings calls, IDACORP INC (IDA) has provided the following forward guidance: Diluted earnings per share: $6.25–$6.45 (FY2026); Additional tax credit amortization: less than $30 million (FY2026); Capital expenditures: $1.3 billion–$1.5 billion (FY2026); Hydropower generation: 5.5–7.0 million MWh (FY2026).