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Side-by-side financial comparison of IDACORP INC (IDA) and MATERION Corp (MTRN). Click either name above to swap in a different company.

MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $360.1M, roughly 1.5× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs 3.5%, a 8.6% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs -4.2%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% 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.

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.

IDA vs MTRN — Head-to-Head

Bigger by revenue
MTRN
MTRN
1.5× larger
MTRN
$549.8M
$360.1M
IDA
Growing faster (revenue YoY)
MTRN
MTRN
+35.0% gap
MTRN
30.8%
-4.2%
IDA
Higher net margin
IDA
IDA
8.6% more per $
IDA
12.1%
3.5%
MTRN
Faster 2-yr revenue CAGR
MTRN
MTRN
Annualised
MTRN
13.6%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IDA
IDA
MTRN
MTRN
Revenue
$360.1M
$549.8M
Net Profit
$43.6M
$19.4M
Gross Margin
14.9%
Operating Margin
14.9%
5.1%
Net Margin
12.1%
3.5%
Revenue YoY
-4.2%
30.8%
Net Profit YoY
15.1%
9.5%
EPS (diluted)
$0.78

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
MTRN
MTRN
Q1 26
$549.8M
Q4 25
$360.1M
$489.8M
Q3 25
$526.4M
$444.8M
Q2 25
$449.3M
$431.7M
Q1 25
$411.1M
$420.3M
Q4 24
$375.9M
$436.9M
Q3 24
$532.5M
$436.7M
Q2 24
$442.6M
$425.9M
Net Profit
IDA
IDA
MTRN
MTRN
Q1 26
$19.4M
Q4 25
$43.6M
$6.6M
Q3 25
$124.4M
$25.4M
Q2 25
$95.8M
$25.1M
Q1 25
$59.6M
$17.7M
Q4 24
$37.9M
$-48.9M
Q3 24
$113.6M
$22.3M
Q2 24
$89.5M
$19.0M
Gross Margin
IDA
IDA
MTRN
MTRN
Q1 26
14.9%
Q4 25
13.0%
Q3 25
19.4%
Q2 25
19.1%
Q1 25
18.1%
Q4 24
21.3%
Q3 24
18.5%
Q2 24
19.0%
Operating Margin
IDA
IDA
MTRN
MTRN
Q1 26
5.1%
Q4 25
14.9%
2.2%
Q3 25
27.5%
7.9%
Q2 25
22.4%
8.5%
Q1 25
13.4%
6.5%
Q4 24
11.0%
-8.8%
Q3 24
25.1%
7.2%
Q2 24
23.3%
7.5%
Net Margin
IDA
IDA
MTRN
MTRN
Q1 26
3.5%
Q4 25
12.1%
1.3%
Q3 25
23.6%
5.7%
Q2 25
21.3%
5.8%
Q1 25
14.5%
4.2%
Q4 24
10.1%
-11.2%
Q3 24
21.3%
5.1%
Q2 24
20.2%
4.5%
EPS (diluted)
IDA
IDA
MTRN
MTRN
Q1 26
Q4 25
$0.78
$0.30
Q3 25
$2.26
$1.22
Q2 25
$1.76
$1.21
Q1 25
$1.10
$0.85
Q4 24
$0.72
$-2.34
Q3 24
$2.12
$1.07
Q2 24
$1.71
$0.91

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
MTRN
MTRN
Cash + ST InvestmentsLiquidity on hand
$215.7M
$16.2M
Total DebtLower is stronger
$3.3B
$489.9M
Stockholders' EquityBook value
$3.6B
$957.0M
Total Assets
$10.2B
$1.9B
Debt / EquityLower = less leverage
0.93×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
MTRN
MTRN
Q1 26
$16.2M
Q4 25
$215.7M
$13.7M
Q3 25
$333.2M
$16.4M
Q2 25
$474.5M
$12.6M
Q1 25
$634.5M
$15.6M
Q4 24
$368.9M
$16.7M
Q3 24
$427.9M
$17.9M
Q2 24
$169.6M
$17.1M
Total Debt
IDA
IDA
MTRN
MTRN
Q1 26
$489.9M
Q4 25
$3.3B
$460.6M
Q3 25
$458.9M
Q2 25
$427.6M
Q1 25
$453.0M
Q4 24
$3.1B
$443.9M
Q3 24
Q2 24
Stockholders' Equity
IDA
IDA
MTRN
MTRN
Q1 26
$957.0M
Q4 25
$3.6B
$943.3M
Q3 25
$3.5B
$934.6M
Q2 25
$3.4B
$910.6M
Q1 25
$3.3B
$887.9M
Q4 24
$3.3B
$868.9M
Q3 24
$3.3B
$931.9M
Q2 24
$3.2B
$907.1M
Total Assets
IDA
IDA
MTRN
MTRN
Q1 26
$1.9B
Q4 25
$10.2B
$1.8B
Q3 25
$10.1B
$1.8B
Q2 25
$9.9B
$1.7B
Q1 25
$9.6B
$1.8B
Q4 24
$9.2B
$1.7B
Q3 24
$9.1B
$1.9B
Q2 24
$8.7B
$1.8B
Debt / Equity
IDA
IDA
MTRN
MTRN
Q1 26
0.51×
Q4 25
0.93×
0.49×
Q3 25
0.49×
Q2 25
0.47×
Q1 25
0.51×
Q4 24
0.92×
0.51×
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
IDA
IDA
MTRN
MTRN
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.

Operating Cash Flow
IDA
IDA
MTRN
MTRN
Q1 26
Q4 25
$137.8M
$19.5M
Q3 25
$162.8M
$18.3M
Q2 25
$176.9M
$49.9M
Q1 25
$124.3M
$15.5M
Q4 24
$136.4M
$76.3M
Q3 24
$201.9M
$5.1M
Q2 24
$146.4M
$20.3M
Free Cash Flow
IDA
IDA
MTRN
MTRN
Q1 26
Q4 25
$-216.2M
Q3 25
$-127.9M
Q2 25
$-156.4M
Q1 25
$-77.0M
$3.2M
Q4 24
$-48.9M
Q3 24
$-16.1M
$-24.3M
Q2 24
$-199.6M
FCF Margin
IDA
IDA
MTRN
MTRN
Q1 26
Q4 25
-60.0%
Q3 25
-24.3%
Q2 25
-34.8%
Q1 25
-18.7%
0.8%
Q4 24
-13.0%
Q3 24
-3.0%
-5.6%
Q2 24
-45.1%
Capex Intensity
IDA
IDA
MTRN
MTRN
Q1 26
Q4 25
98.3%
Q3 25
55.2%
Q2 25
74.2%
Q1 25
49.0%
2.9%
Q4 24
49.3%
Q3 24
41.0%
6.7%
Q2 24
78.2%
Cash Conversion
IDA
IDA
MTRN
MTRN
Q1 26
Q4 25
3.16×
2.97×
Q3 25
1.31×
0.72×
Q2 25
1.85×
1.99×
Q1 25
2.08×
0.88×
Q4 24
3.60×
Q3 24
1.78×
0.23×
Q2 24
1.63×
1.07×

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%

MTRN
MTRN

Segment breakdown not available.

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