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

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $360.1M, roughly 1.3× IDACORP INC). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 12.1%, a 9.7% gap on every dollar of revenue. On growth, Mativ Holdings, Inc. posted the faster year-over-year revenue change (1.0% vs -4.2%). Mativ Holdings, Inc. produced more free cash flow last quarter ($8.0M vs $-216.2M). Over the past eight quarters, Mativ Holdings, Inc.'s revenue compounded faster (-3.8% 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.

Mativ Holdings, Inc. is a global specialty materials manufacturer producing high-performance advanced polymers, nonwovens, filtration solutions, and functional coated materials. It serves healthcare, industrial, consumer goods, aerospace, and energy segments, with operations across North America, Europe, and Asia Pacific.

IDA vs MATV — Head-to-Head

Bigger by revenue
MATV
MATV
1.3× larger
MATV
$463.1M
$360.1M
IDA
Growing faster (revenue YoY)
MATV
MATV
+5.2% gap
MATV
1.0%
-4.2%
IDA
Higher net margin
MATV
MATV
9.7% more per $
MATV
21.8%
12.1%
IDA
More free cash flow
MATV
MATV
$224.2M more FCF
MATV
$8.0M
$-216.2M
IDA
Faster 2-yr revenue CAGR
MATV
MATV
Annualised
MATV
-3.8%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDA
IDA
MATV
MATV
Revenue
$360.1M
$463.1M
Net Profit
$43.6M
$100.8M
Gross Margin
18.8%
Operating Margin
14.9%
2.2%
Net Margin
12.1%
21.8%
Revenue YoY
-4.2%
1.0%
Net Profit YoY
15.1%
6620.0%
EPS (diluted)
$0.78
$1.87

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
MATV
MATV
Q4 25
$360.1M
$463.1M
Q3 25
$526.4M
$513.7M
Q2 25
$449.3M
$525.4M
Q1 25
$411.1M
$484.8M
Q4 24
$375.9M
$458.6M
Q3 24
$532.5M
$498.5M
Q2 24
$442.6M
$523.8M
Q1 24
$417.9M
$500.2M
Net Profit
IDA
IDA
MATV
MATV
Q4 25
$43.6M
$100.8M
Q3 25
$124.4M
$-3.2M
Q2 25
$95.8M
$-9.5M
Q1 25
$59.6M
$-425.5M
Q4 24
$37.9M
$1.5M
Q3 24
$113.6M
$-20.8M
Q2 24
$89.5M
$-1.4M
Q1 24
$48.2M
$-28.0M
Gross Margin
IDA
IDA
MATV
MATV
Q4 25
18.8%
Q3 25
19.3%
Q2 25
19.7%
Q1 25
15.0%
Q4 24
16.9%
Q3 24
18.8%
Q2 24
20.8%
Q1 24
16.8%
Operating Margin
IDA
IDA
MATV
MATV
Q4 25
14.9%
2.2%
Q3 25
27.5%
3.1%
Q2 25
22.4%
3.8%
Q1 25
13.4%
-88.8%
Q4 24
11.0%
0.6%
Q3 24
25.1%
1.4%
Q2 24
23.3%
2.0%
Q1 24
11.9%
-2.8%
Net Margin
IDA
IDA
MATV
MATV
Q4 25
12.1%
21.8%
Q3 25
23.6%
-0.6%
Q2 25
21.3%
-1.8%
Q1 25
14.5%
-87.8%
Q4 24
10.1%
0.3%
Q3 24
21.3%
-4.2%
Q2 24
20.2%
-0.3%
Q1 24
11.5%
-5.6%
EPS (diluted)
IDA
IDA
MATV
MATV
Q4 25
$0.78
$1.87
Q3 25
$2.26
$-0.06
Q2 25
$1.76
$-0.18
Q1 25
$1.10
$-7.82
Q4 24
$0.72
$0.03
Q3 24
$2.12
$-0.38
Q2 24
$1.71
$-0.03
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
IDA
IDA
MATV
MATV
Cash + ST InvestmentsLiquidity on hand
$215.7M
$84.2M
Total DebtLower is stronger
$3.3B
$1.0B
Stockholders' EquityBook value
$3.6B
$498.7M
Total Assets
$10.2B
$2.1B
Debt / EquityLower = less leverage
0.93×
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
MATV
MATV
Q4 25
$215.7M
$84.2M
Q3 25
$333.2M
$97.1M
Q2 25
$474.5M
$95.6M
Q1 25
$634.5M
$84.0M
Q4 24
$368.9M
$94.3M
Q3 24
$427.9M
$162.2M
Q2 24
$169.6M
$133.4M
Q1 24
$157.6M
$128.9M
Total Debt
IDA
IDA
MATV
MATV
Q4 25
$3.3B
$1.0B
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$3.1B
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
IDA
IDA
MATV
MATV
Q4 25
$3.6B
$498.7M
Q3 25
$3.5B
$397.4M
Q2 25
$3.4B
$416.6M
Q1 25
$3.3B
$428.2M
Q4 24
$3.3B
$858.5M
Q3 24
$3.3B
$882.3M
Q2 24
$3.2B
$898.0M
Q1 24
$2.9B
$906.9M
Total Assets
IDA
IDA
MATV
MATV
Q4 25
$10.2B
$2.1B
Q3 25
$10.1B
$2.0B
Q2 25
$9.9B
$2.1B
Q1 25
$9.6B
$2.1B
Q4 24
$9.2B
$2.4B
Q3 24
$9.1B
$2.6B
Q2 24
$8.7B
$2.6B
Q1 24
$8.3B
$2.7B
Debt / Equity
IDA
IDA
MATV
MATV
Q4 25
0.93×
2.07×
Q3 25
2.63×
Q2 25
2.66×
Q1 25
2.67×
Q4 24
0.92×
1.30×
Q3 24
1.32×
Q2 24
1.29×
Q1 24
1.30×

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
MATV
MATV
Operating Cash FlowLast quarter
$137.8M
$19.3M
Free Cash FlowOCF − Capex
$-216.2M
$8.0M
FCF MarginFCF / Revenue
-60.0%
1.7%
Capex IntensityCapex / Revenue
98.3%
2.4%
Cash ConversionOCF / Net Profit
3.16×
0.19×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M
$93.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
MATV
MATV
Q4 25
$137.8M
$19.3M
Q3 25
$162.8M
$72.8M
Q2 25
$176.9M
$57.6M
Q1 25
$124.3M
$-15.9M
Q4 24
$136.4M
$24.1M
Q3 24
$201.9M
$37.6M
Q2 24
$146.4M
$46.1M
Q1 24
$109.7M
$-13.0M
Free Cash Flow
IDA
IDA
MATV
MATV
Q4 25
$-216.2M
$8.0M
Q3 25
$-127.9M
$66.7M
Q2 25
$-156.4M
$48.9M
Q1 25
$-77.0M
$-29.8M
Q4 24
$-48.9M
$2.0M
Q3 24
$-16.1M
$25.5M
Q2 24
$-199.6M
$37.4M
Q1 24
$-150.3M
$-25.1M
FCF Margin
IDA
IDA
MATV
MATV
Q4 25
-60.0%
1.7%
Q3 25
-24.3%
13.0%
Q2 25
-34.8%
9.3%
Q1 25
-18.7%
-6.1%
Q4 24
-13.0%
0.4%
Q3 24
-3.0%
5.1%
Q2 24
-45.1%
7.1%
Q1 24
-36.0%
-5.0%
Capex Intensity
IDA
IDA
MATV
MATV
Q4 25
98.3%
2.4%
Q3 25
55.2%
1.2%
Q2 25
74.2%
1.7%
Q1 25
49.0%
2.9%
Q4 24
49.3%
4.8%
Q3 24
41.0%
2.4%
Q2 24
78.2%
1.7%
Q1 24
62.2%
2.4%
Cash Conversion
IDA
IDA
MATV
MATV
Q4 25
3.16×
0.19×
Q3 25
1.31×
Q2 25
1.85×
Q1 25
2.08×
Q4 24
3.60×
16.07×
Q3 24
1.78×
Q2 24
1.63×
Q1 24
2.28×

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%

MATV
MATV

Other$208.7M45%
SAS Segment$157.4M34%
FAM Segment$97.0M21%

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