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Side-by-side financial comparison of IDACORP INC (IDA) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $360.1M, roughly 1.5× IDACORP INC). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -4.2%). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (0.7% 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.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
IDA vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $553.7M |
| Net Profit | $43.6M | — |
| Gross Margin | — | — |
| Operating Margin | 14.9% | — |
| Net Margin | 12.1% | — |
| Revenue YoY | -4.2% | 438.7% |
| Net Profit YoY | 15.1% | — |
| EPS (diluted) | $0.78 | $4.34 |
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.
| Q1 26 | — | $553.7M | ||
| Q4 25 | $360.1M | $555.6M | ||
| Q3 25 | $526.4M | $554.4M | ||
| Q2 25 | $449.3M | $549.9M | ||
| Q1 25 | $411.1M | $549.3M | ||
| Q4 24 | $375.9M | $549.8M | ||
| Q3 24 | $532.5M | $551.1M | ||
| Q2 24 | $442.6M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $43.6M | $57.6M | ||
| Q3 25 | $124.4M | $99.5M | ||
| Q2 25 | $95.8M | $108.1M | ||
| Q1 25 | $59.6M | $181.7M | ||
| Q4 24 | $37.9M | $166.6M | ||
| Q3 24 | $113.6M | $115.2M | ||
| Q2 24 | $89.5M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 10.4% | ||
| Q3 25 | 27.5% | 18.7% | ||
| Q2 25 | 22.4% | 20.2% | ||
| Q1 25 | 13.4% | 34.0% | ||
| Q4 24 | 11.0% | 31.3% | ||
| Q3 24 | 25.1% | 21.5% | ||
| Q2 24 | 23.3% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 10.4% | ||
| Q3 25 | 23.6% | 18.0% | ||
| Q2 25 | 21.3% | 19.7% | ||
| Q1 25 | 14.5% | 33.1% | ||
| Q4 24 | 10.1% | 30.3% | ||
| Q3 24 | 21.3% | 20.9% | ||
| Q2 24 | 20.2% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $0.78 | $0.48 | ||
| Q3 25 | $2.26 | $0.84 | ||
| Q2 25 | $1.76 | $0.92 | ||
| Q1 25 | $1.10 | $1.54 | ||
| Q4 24 | $0.72 | $1.43 | ||
| Q3 24 | $2.12 | $0.98 | ||
| Q2 24 | $1.71 | $0.86 |
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 | — |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | — |
| Total Assets | $10.2B | — |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $215.7M | $60.3M | ||
| Q3 25 | $333.2M | $32.2M | ||
| Q2 25 | $474.5M | $54.5M | ||
| Q1 25 | $634.5M | $55.8M | ||
| Q4 24 | $368.9M | $43.0M | ||
| Q3 24 | $427.9M | $50.2M | ||
| Q2 24 | $169.6M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $5.7B | ||
| Q3 25 | $3.5B | $5.8B | ||
| Q2 25 | $3.4B | $5.9B | ||
| Q1 25 | $3.3B | $5.9B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.3B | $5.9B | ||
| Q2 24 | $3.2B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $10.2B | $12.0B | ||
| Q3 25 | $10.1B | $11.9B | ||
| Q2 25 | $9.9B | $11.8B | ||
| Q1 25 | $9.6B | $11.8B | ||
| Q4 24 | $9.2B | $11.8B | ||
| Q3 24 | $9.1B | $11.8B | ||
| Q2 24 | $8.7B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $-216.2M | — |
| FCF MarginFCF / Revenue | -60.0% | — |
| Capex IntensityCapex / Revenue | 98.3% | — |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $137.8M | $261.7M | ||
| Q3 25 | $162.8M | $266.4M | ||
| Q2 25 | $176.9M | $353.4M | ||
| Q1 25 | $124.3M | $196.6M | ||
| Q4 24 | $136.4M | $239.1M | ||
| Q3 24 | $201.9M | $309.5M | ||
| Q2 24 | $146.4M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-216.2M | $158.6M | ||
| Q3 25 | $-127.9M | $170.8M | ||
| Q2 25 | $-156.4M | $264.5M | ||
| Q1 25 | $-77.0M | $124.0M | ||
| Q4 24 | $-48.9M | $152.6M | ||
| Q3 24 | $-16.1M | $215.5M | ||
| Q2 24 | $-199.6M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | -60.0% | 28.5% | ||
| Q3 25 | -24.3% | 30.8% | ||
| Q2 25 | -34.8% | 48.1% | ||
| Q1 25 | -18.7% | 22.6% | ||
| Q4 24 | -13.0% | 27.8% | ||
| Q3 24 | -3.0% | 39.1% | ||
| Q2 24 | -45.1% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 98.3% | 18.6% | ||
| Q3 25 | 55.2% | 17.2% | ||
| Q2 25 | 74.2% | 16.2% | ||
| Q1 25 | 49.0% | 13.2% | ||
| Q4 24 | 49.3% | 15.7% | ||
| Q3 24 | 41.0% | 17.1% | ||
| Q2 24 | 78.2% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.16× | 4.55× | ||
| Q3 25 | 1.31× | 2.68× | ||
| Q2 25 | 1.85× | 3.27× | ||
| Q1 25 | 2.08× | 1.08× | ||
| Q4 24 | 3.60× | 1.43× | ||
| Q3 24 | 1.78× | 2.69× | ||
| Q2 24 | 1.63× | 3.43× |
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% |
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
