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Side-by-side financial comparison of IDACORP INC (IDA) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $274.5M, roughly 1.3× IPG PHOTONICS CORP). IDACORP INC runs the higher net margin — 12.1% vs 4.8%, a 7.3% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -4.2%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-216.2M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -7.2%).
IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
IDA vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $274.5M |
| Net Profit | $43.6M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 14.9% | 1.2% |
| Net Margin | 12.1% | 4.8% |
| Revenue YoY | -4.2% | 17.1% |
| Net Profit YoY | 15.1% | 69.8% |
| EPS (diluted) | $0.78 | $0.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $360.1M | $274.5M | ||
| Q3 25 | $526.4M | $250.8M | ||
| Q2 25 | $449.3M | $250.7M | ||
| Q1 25 | $411.1M | $227.8M | ||
| Q4 24 | $375.9M | $234.3M | ||
| Q3 24 | $532.5M | $233.1M | ||
| Q2 24 | $442.6M | $257.6M | ||
| Q1 24 | $417.9M | $252.0M |
| Q4 25 | $43.6M | $13.3M | ||
| Q3 25 | $124.4M | $7.5M | ||
| Q2 25 | $95.8M | $6.6M | ||
| Q1 25 | $59.6M | $3.8M | ||
| Q4 24 | $37.9M | $7.8M | ||
| Q3 24 | $113.6M | $-233.6M | ||
| Q2 24 | $89.5M | $20.2M | ||
| Q1 24 | $48.2M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | 14.9% | 1.2% | ||
| Q3 25 | 27.5% | 3.1% | ||
| Q2 25 | 22.4% | 0.0% | ||
| Q1 25 | 13.4% | 0.8% | ||
| Q4 24 | 11.0% | 6.0% | ||
| Q3 24 | 25.1% | -108.7% | ||
| Q2 24 | 23.3% | 4.7% | ||
| Q1 24 | 11.9% | 7.6% |
| Q4 25 | 12.1% | 4.8% | ||
| Q3 25 | 23.6% | 3.0% | ||
| Q2 25 | 21.3% | 2.6% | ||
| Q1 25 | 14.5% | 1.6% | ||
| Q4 24 | 10.1% | 3.3% | ||
| Q3 24 | 21.3% | -100.2% | ||
| Q2 24 | 20.2% | 7.8% | ||
| Q1 24 | 11.5% | 9.6% |
| Q4 25 | $0.78 | $0.30 | ||
| Q3 25 | $2.26 | $0.18 | ||
| Q2 25 | $1.76 | $0.16 | ||
| Q1 25 | $1.10 | $0.09 | ||
| Q4 24 | $0.72 | $0.27 | ||
| Q3 24 | $2.12 | $-5.33 | ||
| Q2 24 | $1.71 | $0.45 | ||
| Q1 24 | $0.95 | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.7M | $839.3M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | $2.1B |
| Total Assets | $10.2B | $2.4B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $839.3M | ||
| Q3 25 | $333.2M | $870.4M | ||
| Q2 25 | $474.5M | $899.6M | ||
| Q1 25 | $634.5M | $926.9M | ||
| Q4 24 | $368.9M | $930.2M | ||
| Q3 24 | $427.9M | $1.0B | ||
| Q2 24 | $169.6M | $1.1B | ||
| Q1 24 | $157.6M | $1.1B |
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.6B | $2.1B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.4B | $2.1B | ||
| Q1 25 | $3.3B | $2.1B | ||
| Q4 24 | $3.3B | $2.0B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.2B | $2.3B | ||
| Q1 24 | $2.9B | $2.3B |
| Q4 25 | $10.2B | $2.4B | ||
| Q3 25 | $10.1B | $2.4B | ||
| Q2 25 | $9.9B | $2.4B | ||
| Q1 25 | $9.6B | $2.3B | ||
| Q4 24 | $9.2B | $2.3B | ||
| Q3 24 | $9.1B | $2.4B | ||
| Q2 24 | $8.7B | $2.5B | ||
| Q1 24 | $8.3B | $2.6B |
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $137.8M | $28.8M |
| Free Cash FlowOCF − Capex | $-216.2M | $10.9M |
| FCF MarginFCF / Revenue | -60.0% | 4.0% |
| Capex IntensityCapex / Revenue | 98.3% | 6.5% |
| Cash ConversionOCF / Net Profit | 3.16× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $28.8M | ||
| Q3 25 | $162.8M | $35.3M | ||
| Q2 25 | $176.9M | $-2.2M | ||
| Q1 25 | $124.3M | $13.4M | ||
| Q4 24 | $136.4M | $73.8M | ||
| Q3 24 | $201.9M | $66.1M | ||
| Q2 24 | $146.4M | $53.5M | ||
| Q1 24 | $109.7M | $54.6M |
| Q4 25 | $-216.2M | $10.9M | ||
| Q3 25 | $-127.9M | $14.6M | ||
| Q2 25 | $-156.4M | $-17.6M | ||
| Q1 25 | $-77.0M | $-11.4M | ||
| Q4 24 | $-48.9M | $50.6M | ||
| Q3 24 | $-16.1M | $43.0M | ||
| Q2 24 | $-199.6M | $29.2M | ||
| Q1 24 | $-150.3M | $26.5M |
| Q4 25 | -60.0% | 4.0% | ||
| Q3 25 | -24.3% | 5.8% | ||
| Q2 25 | -34.8% | -7.0% | ||
| Q1 25 | -18.7% | -5.0% | ||
| Q4 24 | -13.0% | 21.6% | ||
| Q3 24 | -3.0% | 18.4% | ||
| Q2 24 | -45.1% | 11.3% | ||
| Q1 24 | -36.0% | 10.5% |
| Q4 25 | 98.3% | 6.5% | ||
| Q3 25 | 55.2% | 8.3% | ||
| Q2 25 | 74.2% | 6.1% | ||
| Q1 25 | 49.0% | 10.9% | ||
| Q4 24 | 49.3% | 9.9% | ||
| Q3 24 | 41.0% | 9.9% | ||
| Q2 24 | 78.2% | 9.4% | ||
| Q1 24 | 62.2% | 11.1% |
| Q4 25 | 3.16× | 2.17× | ||
| Q3 25 | 1.31× | 4.73× | ||
| Q2 25 | 1.85× | -0.34× | ||
| Q1 25 | 2.08× | 3.58× | ||
| Q4 24 | 3.60× | 9.44× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 1.63× | 2.65× | ||
| Q1 24 | 2.28× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IDA
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
