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Side-by-side financial comparison of IDACORP INC (IDA) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.

IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $186.9M, roughly 1.9× Limbach Holdings, Inc.). IDACORP INC runs the higher net margin — 12.1% vs 6.6%, a 5.5% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -4.2%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-216.2M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% 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.

Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.

IDA vs LMB — Head-to-Head

Bigger by revenue
IDA
IDA
1.9× larger
IDA
$360.1M
$186.9M
LMB
Growing faster (revenue YoY)
LMB
LMB
+34.3% gap
LMB
30.1%
-4.2%
IDA
Higher net margin
IDA
IDA
5.5% more per $
IDA
12.1%
6.6%
LMB
More free cash flow
LMB
LMB
$244.1M more FCF
LMB
$27.9M
$-216.2M
IDA
Faster 2-yr revenue CAGR
LMB
LMB
Annualised
LMB
25.3%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDA
IDA
LMB
LMB
Revenue
$360.1M
$186.9M
Net Profit
$43.6M
$12.3M
Gross Margin
25.7%
Operating Margin
14.9%
9.4%
Net Margin
12.1%
6.6%
Revenue YoY
-4.2%
30.1%
Net Profit YoY
15.1%
25.0%
EPS (diluted)
$0.78
$1.01

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.

Revenue
IDA
IDA
LMB
LMB
Q4 25
$360.1M
$186.9M
Q3 25
$526.4M
$184.6M
Q2 25
$449.3M
$142.2M
Q1 25
$411.1M
$133.1M
Q4 24
$375.9M
$143.7M
Q3 24
$532.5M
$133.9M
Q2 24
$442.6M
$122.2M
Q1 24
$417.9M
$119.0M
Net Profit
IDA
IDA
LMB
LMB
Q4 25
$43.6M
$12.3M
Q3 25
$124.4M
$8.8M
Q2 25
$95.8M
$7.8M
Q1 25
$59.6M
$10.2M
Q4 24
$37.9M
$9.8M
Q3 24
$113.6M
$7.5M
Q2 24
$89.5M
$6.0M
Q1 24
$48.2M
$7.6M
Gross Margin
IDA
IDA
LMB
LMB
Q4 25
25.7%
Q3 25
24.2%
Q2 25
28.0%
Q1 25
27.6%
Q4 24
30.3%
Q3 24
27.0%
Q2 24
27.4%
Q1 24
26.1%
Operating Margin
IDA
IDA
LMB
LMB
Q4 25
14.9%
9.4%
Q3 25
27.5%
7.2%
Q2 25
22.4%
7.5%
Q1 25
13.4%
5.9%
Q4 24
11.0%
9.1%
Q3 24
25.1%
8.1%
Q2 24
23.3%
6.7%
Q1 24
11.9%
5.5%
Net Margin
IDA
IDA
LMB
LMB
Q4 25
12.1%
6.6%
Q3 25
23.6%
4.8%
Q2 25
21.3%
5.5%
Q1 25
14.5%
7.7%
Q4 24
10.1%
6.9%
Q3 24
21.3%
5.6%
Q2 24
20.2%
4.9%
Q1 24
11.5%
6.4%
EPS (diluted)
IDA
IDA
LMB
LMB
Q4 25
$0.78
$1.01
Q3 25
$2.26
$0.73
Q2 25
$1.76
$0.64
Q1 25
$1.10
$0.85
Q4 24
$0.72
$0.81
Q3 24
$2.12
$0.62
Q2 24
$1.71
$0.50
Q1 24
$0.95
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IDA
IDA
LMB
LMB
Cash + ST InvestmentsLiquidity on hand
$215.7M
$11.3M
Total DebtLower is stronger
$3.3B
$30.5M
Stockholders' EquityBook value
$3.6B
$195.7M
Total Assets
$10.2B
$381.1M
Debt / EquityLower = less leverage
0.93×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
LMB
LMB
Q4 25
$215.7M
$11.3M
Q3 25
$333.2M
$9.8M
Q2 25
$474.5M
$38.9M
Q1 25
$634.5M
$38.1M
Q4 24
$368.9M
$44.9M
Q3 24
$427.9M
$51.2M
Q2 24
$169.6M
$59.5M
Q1 24
$157.6M
$48.2M
Total Debt
IDA
IDA
LMB
LMB
Q4 25
$3.3B
$30.5M
Q3 25
$56.3M
Q2 25
$28.4M
Q1 25
$23.7M
Q4 24
$3.1B
$23.6M
Q3 24
$20.5M
Q2 24
$19.7M
Q1 24
$19.4M
Stockholders' Equity
IDA
IDA
LMB
LMB
Q4 25
$3.6B
$195.7M
Q3 25
$3.5B
$181.6M
Q2 25
$3.4B
$170.5M
Q1 25
$3.3B
$161.1M
Q4 24
$3.3B
$153.5M
Q3 24
$3.3B
$142.2M
Q2 24
$3.2B
$133.0M
Q1 24
$2.9B
$125.5M
Total Assets
IDA
IDA
LMB
LMB
Q4 25
$10.2B
$381.1M
Q3 25
$10.1B
$409.1M
Q2 25
$9.9B
$343.0M
Q1 25
$9.6B
$336.4M
Q4 24
$9.2B
$352.1M
Q3 24
$9.1B
$324.4M
Q2 24
$8.7B
$303.9M
Q1 24
$8.3B
$289.2M
Debt / Equity
IDA
IDA
LMB
LMB
Q4 25
0.93×
0.16×
Q3 25
0.31×
Q2 25
0.17×
Q1 25
0.15×
Q4 24
0.92×
0.15×
Q3 24
0.14×
Q2 24
0.15×
Q1 24
0.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IDA
IDA
LMB
LMB
Operating Cash FlowLast quarter
$137.8M
$28.1M
Free Cash FlowOCF − Capex
$-216.2M
$27.9M
FCF MarginFCF / Revenue
-60.0%
14.9%
Capex IntensityCapex / Revenue
98.3%
0.1%
Cash ConversionOCF / Net Profit
3.16×
2.29×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M
$41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
LMB
LMB
Q4 25
$137.8M
$28.1M
Q3 25
$162.8M
$13.3M
Q2 25
$176.9M
$2.0M
Q1 25
$124.3M
$2.2M
Q4 24
$136.4M
$19.3M
Q3 24
$201.9M
$4.9M
Q2 24
$146.4M
$16.5M
Q1 24
$109.7M
$-3.9M
Free Cash Flow
IDA
IDA
LMB
LMB
Q4 25
$-216.2M
$27.9M
Q3 25
$-127.9M
$12.8M
Q2 25
$-156.4M
$1.2M
Q1 25
$-77.0M
$11.0K
Q4 24
$-48.9M
$18.0M
Q3 24
$-16.1M
$4.6M
Q2 24
$-199.6M
$13.2M
Q1 24
$-150.3M
$-6.5M
FCF Margin
IDA
IDA
LMB
LMB
Q4 25
-60.0%
14.9%
Q3 25
-24.3%
7.0%
Q2 25
-34.8%
0.8%
Q1 25
-18.7%
0.0%
Q4 24
-13.0%
12.5%
Q3 24
-3.0%
3.4%
Q2 24
-45.1%
10.8%
Q1 24
-36.0%
-5.5%
Capex Intensity
IDA
IDA
LMB
LMB
Q4 25
98.3%
0.1%
Q3 25
55.2%
0.3%
Q2 25
74.2%
0.6%
Q1 25
49.0%
1.7%
Q4 24
49.3%
0.9%
Q3 24
41.0%
0.3%
Q2 24
78.2%
2.7%
Q1 24
62.2%
2.1%
Cash Conversion
IDA
IDA
LMB
LMB
Q4 25
3.16×
2.29×
Q3 25
1.31×
1.52×
Q2 25
1.85×
0.26×
Q1 25
2.08×
0.22×
Q4 24
3.60×
1.96×
Q3 24
1.78×
0.66×
Q2 24
1.63×
2.77×
Q1 24
2.28×
-0.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IDA
IDA

Retailrevenues$323.0M90%
Transmissionserviceswheeling$18.6M5%
Energyefficiencyprogramrevenues$11.7M3%
Wholesaleenergysales$10.5M3%
Otherrevenues$9.5M3%

LMB
LMB

Owner Direct Relationships Segment$145.0M78%
General Contractor Construction Manager Relationships Segment$41.9M22%

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