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Side-by-side financial comparison of IDACORP INC (IDA) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $360.1M, roughly 1.7× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs -2.0%, a 14.1% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -4.2%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-216.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
IDA vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $614.5M |
| Net Profit | $43.6M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 14.9% | -8.0% |
| Net Margin | 12.1% | -2.0% |
| Revenue YoY | -4.2% | 33.6% |
| Net Profit YoY | 15.1% | 6.0% |
| EPS (diluted) | $0.78 | $-0.03 |
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.
| Q4 25 | $360.1M | $614.5M | ||
| Q3 25 | $526.4M | $562.0M | ||
| Q2 25 | $449.3M | $512.3M | ||
| Q1 25 | $411.1M | $479.1M | ||
| Q4 24 | $375.9M | $459.9M | ||
| Q3 24 | $532.5M | $430.1M | ||
| Q2 24 | $442.6M | $401.0M | ||
| Q1 24 | $417.9M | $378.6M |
| Q4 25 | $43.6M | $-12.1M | ||
| Q3 25 | $124.4M | $-1.3M | ||
| Q2 25 | $95.8M | $-50.4M | ||
| Q1 25 | $59.6M | $-38.5M | ||
| Q4 24 | $37.9M | $-12.8M | ||
| Q3 24 | $113.6M | $-15.3M | ||
| Q2 24 | $89.5M | $-15.1M | ||
| Q1 24 | $48.2M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 14.9% | -8.0% | ||
| Q3 25 | 27.5% | -6.7% | ||
| Q2 25 | 22.4% | -13.1% | ||
| Q1 25 | 13.4% | -11.1% | ||
| Q4 24 | 11.0% | -7.5% | ||
| Q3 24 | 25.1% | -7.2% | ||
| Q2 24 | 23.3% | -8.7% | ||
| Q1 24 | 11.9% | -14.4% |
| Q4 25 | 12.1% | -2.0% | ||
| Q3 25 | 23.6% | -0.2% | ||
| Q2 25 | 21.3% | -9.8% | ||
| Q1 25 | 14.5% | -8.0% | ||
| Q4 24 | 10.1% | -2.8% | ||
| Q3 24 | 21.3% | -3.6% | ||
| Q2 24 | 20.2% | -3.8% | ||
| Q1 24 | 11.5% | -9.4% |
| Q4 25 | $0.78 | $-0.03 | ||
| Q3 25 | $2.26 | $0.00 | ||
| Q2 25 | $1.76 | $-0.15 | ||
| Q1 25 | $1.10 | $-0.11 | ||
| Q4 24 | $0.72 | $-0.05 | ||
| Q3 24 | $2.12 | $-0.04 | ||
| Q2 24 | $1.71 | $-0.04 | ||
| Q1 24 | $0.95 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | $1.5B |
| Total Assets | $10.2B | $6.0B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $943.5M | ||
| Q3 25 | $333.2M | $1.1B | ||
| Q2 25 | $474.5M | $1.5B | ||
| Q1 25 | $634.5M | $204.5M | ||
| Q4 24 | $368.9M | $147.7M | ||
| Q3 24 | $427.9M | $182.9M | ||
| Q2 24 | $169.6M | $157.0M | ||
| Q1 24 | $157.6M | $254.4M |
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.6B | $1.5B | ||
| Q3 25 | $3.5B | $1.3B | ||
| Q2 25 | $3.4B | $1.2B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.3B | $1.0B | ||
| Q3 24 | $3.3B | $973.1M | ||
| Q2 24 | $3.2B | $881.5M | ||
| Q1 24 | $2.9B | $797.2M |
| Q4 25 | $10.2B | $6.0B | ||
| Q3 25 | $10.1B | $5.8B | ||
| Q2 25 | $9.9B | $5.6B | ||
| Q1 25 | $9.6B | $3.7B | ||
| Q4 24 | $9.2B | $3.3B | ||
| Q3 24 | $9.1B | $3.1B | ||
| Q2 24 | $8.7B | $2.9B | ||
| Q1 24 | $8.3B | $2.8B |
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $137.8M | $190.4M |
| Free Cash FlowOCF − Capex | $-216.2M | $105.2M |
| FCF MarginFCF / Revenue | -60.0% | 17.1% |
| Capex IntensityCapex / Revenue | 98.3% | 13.9% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $190.4M | ||
| Q3 25 | $162.8M | $167.1M | ||
| Q2 25 | $176.9M | $99.8M | ||
| Q1 25 | $124.3M | $145.8M | ||
| Q4 24 | $136.4M | $127.3M | ||
| Q3 24 | $201.9M | $104.7M | ||
| Q2 24 | $146.4M | $74.8M | ||
| Q1 24 | $109.7M | $73.6M |
| Q4 25 | $-216.2M | $105.2M | ||
| Q3 25 | $-127.9M | $82.5M | ||
| Q2 25 | $-156.4M | $39.9M | ||
| Q1 25 | $-77.0M | $59.9M | ||
| Q4 24 | $-48.9M | $54.2M | ||
| Q3 24 | $-16.1M | $54.5M | ||
| Q2 24 | $-199.6M | $45.2M | ||
| Q1 24 | $-150.3M | $41.5M |
| Q4 25 | -60.0% | 17.1% | ||
| Q3 25 | -24.3% | 14.7% | ||
| Q2 25 | -34.8% | 7.8% | ||
| Q1 25 | -18.7% | 12.5% | ||
| Q4 24 | -13.0% | 11.8% | ||
| Q3 24 | -3.0% | 12.7% | ||
| Q2 24 | -45.1% | 11.3% | ||
| Q1 24 | -36.0% | 11.0% |
| Q4 25 | 98.3% | 13.9% | ||
| Q3 25 | 55.2% | 15.1% | ||
| Q2 25 | 74.2% | 11.7% | ||
| Q1 25 | 49.0% | 17.9% | ||
| Q4 24 | 49.3% | 15.9% | ||
| Q3 24 | 41.0% | 11.7% | ||
| Q2 24 | 78.2% | 7.4% | ||
| Q1 24 | 62.2% | 8.5% |
| 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
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
