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Side-by-side financial comparison of IDACORP INC (IDA) and MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX). Click either name above to swap in a different company.

IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $339.8M, roughly 1.1× MIAMI INTERNATIONAL HOLDINGS, INC.). IDACORP INC runs the higher net margin — 12.1% vs -30.0%, a 42.2% gap on every dollar of revenue. On growth, MIAMI INTERNATIONAL HOLDINGS, INC. posted the faster year-over-year revenue change (22.8% vs -4.2%). MIAMI INTERNATIONAL HOLDINGS, INC. produced more free cash flow last quarter ($102.2M vs $-216.2M).

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.

Miami Air International was an American charter airline based in Miami-Dade County, Florida, United States. It operated worldwide passenger charter flights for diverse groups including cruise operators, professional sports teams and the United States military. It was based at Miami International Airport. Miami Air's customers included incentive groups, sports teams, Fortune 500 companies, major cruise lines, entertainers, political candidates and the United States government. Under the Civil ...

IDA vs MIAX — Head-to-Head

Bigger by revenue
IDA
IDA
1.1× larger
IDA
$360.1M
$339.8M
MIAX
Growing faster (revenue YoY)
MIAX
MIAX
+27.0% gap
MIAX
22.8%
-4.2%
IDA
Higher net margin
IDA
IDA
42.2% more per $
IDA
12.1%
-30.0%
MIAX
More free cash flow
MIAX
MIAX
$318.4M more FCF
MIAX
$102.2M
$-216.2M
IDA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IDA
IDA
MIAX
MIAX
Revenue
$360.1M
$339.8M
Net Profit
$43.6M
$-102.1M
Gross Margin
32.2%
Operating Margin
14.9%
-0.1%
Net Margin
12.1%
-30.0%
Revenue YoY
-4.2%
22.8%
Net Profit YoY
15.1%
-3086.0%
EPS (diluted)
$0.78
$-1.46

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
MIAX
MIAX
Q4 25
$360.1M
Q3 25
$526.4M
$339.8M
Q2 25
$449.3M
Q1 25
$411.1M
Q4 24
$375.9M
Q3 24
$532.5M
$276.7M
Q2 24
$442.6M
Q1 24
$417.9M
Net Profit
IDA
IDA
MIAX
MIAX
Q4 25
$43.6M
Q3 25
$124.4M
$-102.1M
Q2 25
$95.8M
Q1 25
$59.6M
Q4 24
$37.9M
Q3 24
$113.6M
$-3.2M
Q2 24
$89.5M
Q1 24
$48.2M
Gross Margin
IDA
IDA
MIAX
MIAX
Q4 25
Q3 25
32.2%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Q1 24
Operating Margin
IDA
IDA
MIAX
MIAX
Q4 25
14.9%
Q3 25
27.5%
-0.1%
Q2 25
22.4%
Q1 25
13.4%
Q4 24
11.0%
Q3 24
25.1%
-0.4%
Q2 24
23.3%
Q1 24
11.9%
Net Margin
IDA
IDA
MIAX
MIAX
Q4 25
12.1%
Q3 25
23.6%
-30.0%
Q2 25
21.3%
Q1 25
14.5%
Q4 24
10.1%
Q3 24
21.3%
-1.2%
Q2 24
20.2%
Q1 24
11.5%
EPS (diluted)
IDA
IDA
MIAX
MIAX
Q4 25
$0.78
Q3 25
$2.26
$-1.46
Q2 25
$1.76
Q1 25
$1.10
Q4 24
$0.72
Q3 24
$2.12
$-0.05
Q2 24
$1.71
Q1 24
$0.95

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
MIAX
MIAX
Cash + ST InvestmentsLiquidity on hand
$215.7M
$401.5M
Total DebtLower is stronger
$3.3B
$6.5M
Stockholders' EquityBook value
$3.6B
$831.9M
Total Assets
$10.2B
$1.2B
Debt / EquityLower = less leverage
0.93×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
MIAX
MIAX
Q4 25
$215.7M
Q3 25
$333.2M
$401.5M
Q2 25
$474.5M
Q1 25
$634.5M
Q4 24
$368.9M
Q3 24
$427.9M
$125.1M
Q2 24
$169.6M
Q1 24
$157.6M
Total Debt
IDA
IDA
MIAX
MIAX
Q4 25
$3.3B
Q3 25
$6.5M
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IDA
IDA
MIAX
MIAX
Q4 25
$3.6B
Q3 25
$3.5B
$831.9M
Q2 25
$3.4B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.3B
$351.4M
Q2 24
$3.2B
Q1 24
$2.9B
Total Assets
IDA
IDA
MIAX
MIAX
Q4 25
$10.2B
Q3 25
$10.1B
$1.2B
Q2 25
$9.9B
Q1 25
$9.6B
Q4 24
$9.2B
Q3 24
$9.1B
Q2 24
$8.7B
Q1 24
$8.3B
Debt / Equity
IDA
IDA
MIAX
MIAX
Q4 25
0.93×
Q3 25
0.01×
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
IDA
IDA
MIAX
MIAX
Operating Cash FlowLast quarter
$137.8M
$120.8M
Free Cash FlowOCF − Capex
$-216.2M
$102.2M
FCF MarginFCF / Revenue
-60.0%
30.1%
Capex IntensityCapex / Revenue
98.3%
5.5%
Cash ConversionOCF / Net Profit
3.16×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
MIAX
MIAX
Q4 25
$137.8M
Q3 25
$162.8M
$120.8M
Q2 25
$176.9M
Q1 25
$124.3M
Q4 24
$136.4M
Q3 24
$201.9M
Q2 24
$146.4M
Q1 24
$109.7M
Free Cash Flow
IDA
IDA
MIAX
MIAX
Q4 25
$-216.2M
Q3 25
$-127.9M
$102.2M
Q2 25
$-156.4M
Q1 25
$-77.0M
Q4 24
$-48.9M
Q3 24
$-16.1M
Q2 24
$-199.6M
Q1 24
$-150.3M
FCF Margin
IDA
IDA
MIAX
MIAX
Q4 25
-60.0%
Q3 25
-24.3%
30.1%
Q2 25
-34.8%
Q1 25
-18.7%
Q4 24
-13.0%
Q3 24
-3.0%
Q2 24
-45.1%
Q1 24
-36.0%
Capex Intensity
IDA
IDA
MIAX
MIAX
Q4 25
98.3%
Q3 25
55.2%
5.5%
Q2 25
74.2%
Q1 25
49.0%
Q4 24
49.3%
Q3 24
41.0%
Q2 24
78.2%
Q1 24
62.2%
Cash Conversion
IDA
IDA
MIAX
MIAX
Q4 25
3.16×
Q3 25
1.31×
Q2 25
1.85×
Q1 25
2.08×
Q4 24
3.60×
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%

MIAX
MIAX

Transferred At Point In Time$246.7M73%
Transferred Over Time$29.9M9%
Access Fees$27.1M8%
Futures Segment$19.4M6%
Other$9.1M3%
TISEG$4.7M1%

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