vs

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

IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $240.4M, roughly 1.5× NNN REIT, INC.). NNN REIT, INC. runs the higher net margin — 39.1% vs 12.1%, a 27.0% gap on every dollar of revenue. On growth, NNN REIT, INC. posted the faster year-over-year revenue change (4.1% vs -4.2%). Over the past eight quarters, NNN REIT, INC.'s revenue compounded faster (5.3% 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.

NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.

IDA vs NNN — Head-to-Head

Bigger by revenue
IDA
IDA
1.5× larger
IDA
$360.1M
$240.4M
NNN
Growing faster (revenue YoY)
NNN
NNN
+8.3% gap
NNN
4.1%
-4.2%
IDA
Higher net margin
NNN
NNN
27.0% more per $
NNN
39.1%
12.1%
IDA
Faster 2-yr revenue CAGR
NNN
NNN
Annualised
NNN
5.3%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IDA
IDA
NNN
NNN
Revenue
$360.1M
$240.4M
Net Profit
$43.6M
$94.0M
Gross Margin
Operating Margin
14.9%
61.0%
Net Margin
12.1%
39.1%
Revenue YoY
-4.2%
4.1%
Net Profit YoY
15.1%
-2.6%
EPS (diluted)
$0.78
$0.50

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
NNN
NNN
Q1 26
$240.4M
Q4 25
$360.1M
$238.4M
Q3 25
$526.4M
$230.2M
Q2 25
$449.3M
$226.8M
Q1 25
$411.1M
$230.9M
Q4 24
$375.9M
$218.5M
Q3 24
$532.5M
$218.6M
Q2 24
$442.6M
$216.8M
Net Profit
IDA
IDA
NNN
NNN
Q1 26
$94.0M
Q4 25
$43.6M
$96.0M
Q3 25
$124.4M
$96.8M
Q2 25
$95.8M
$100.5M
Q1 25
$59.6M
$96.5M
Q4 24
$37.9M
$97.9M
Q3 24
$113.6M
$97.9M
Q2 24
$89.5M
$106.7M
Operating Margin
IDA
IDA
NNN
NNN
Q1 26
61.0%
Q4 25
14.9%
62.3%
Q3 25
27.5%
64.0%
Q2 25
22.4%
66.0%
Q1 25
13.4%
62.3%
Q4 24
11.0%
65.8%
Q3 24
25.1%
65.7%
Q2 24
23.3%
70.2%
Net Margin
IDA
IDA
NNN
NNN
Q1 26
39.1%
Q4 25
12.1%
40.2%
Q3 25
23.6%
42.1%
Q2 25
21.3%
44.3%
Q1 25
14.5%
41.8%
Q4 24
10.1%
44.8%
Q3 24
21.3%
44.8%
Q2 24
20.2%
49.2%
EPS (diluted)
IDA
IDA
NNN
NNN
Q1 26
$0.50
Q4 25
$0.78
$0.51
Q3 25
$2.26
$0.51
Q2 25
$1.76
$0.54
Q1 25
$1.10
$0.51
Q4 24
$0.72
$0.52
Q3 24
$2.12
$0.53
Q2 24
$1.71
$0.58

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
NNN
NNN
Cash + ST InvestmentsLiquidity on hand
$215.7M
$4.6M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$3.6B
$4.4B
Total Assets
$10.2B
$9.4B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
NNN
NNN
Q1 26
$4.6M
Q4 25
$215.7M
$5.0M
Q3 25
$333.2M
$157.9M
Q2 25
$474.5M
$6.0M
Q1 25
$634.5M
$5.1M
Q4 24
$368.9M
$8.7M
Q3 24
$427.9M
$173.5M
Q2 24
$169.6M
$2.1M
Total Debt
IDA
IDA
NNN
NNN
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Stockholders' Equity
IDA
IDA
NNN
NNN
Q1 26
$4.4B
Q4 25
$3.6B
$4.4B
Q3 25
$3.5B
$4.4B
Q2 25
$3.4B
$4.4B
Q1 25
$3.3B
$4.4B
Q4 24
$3.3B
$4.4B
Q3 24
$3.3B
$4.4B
Q2 24
$3.2B
$4.2B
Total Assets
IDA
IDA
NNN
NNN
Q1 26
$9.4B
Q4 25
$10.2B
$9.4B
Q3 25
$10.1B
$9.5B
Q2 25
$9.9B
$9.1B
Q1 25
$9.6B
$9.0B
Q4 24
$9.2B
$8.9B
Q3 24
$9.1B
$8.9B
Q2 24
$8.7B
$8.7B
Debt / Equity
IDA
IDA
NNN
NNN
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
IDA
IDA
NNN
NNN
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
NNN
NNN
Q1 26
Q4 25
$137.8M
$667.1M
Q3 25
$162.8M
$218.3M
Q2 25
$176.9M
$119.4M
Q1 25
$124.3M
$203.3M
Q4 24
$136.4M
$635.5M
Q3 24
$201.9M
$206.6M
Q2 24
$146.4M
$120.5M
Free Cash Flow
IDA
IDA
NNN
NNN
Q1 26
Q4 25
$-216.2M
Q3 25
$-127.9M
Q2 25
$-156.4M
Q1 25
$-77.0M
Q4 24
$-48.9M
Q3 24
$-16.1M
Q2 24
$-199.6M
FCF Margin
IDA
IDA
NNN
NNN
Q1 26
Q4 25
-60.0%
Q3 25
-24.3%
Q2 25
-34.8%
Q1 25
-18.7%
Q4 24
-13.0%
Q3 24
-3.0%
Q2 24
-45.1%
Capex Intensity
IDA
IDA
NNN
NNN
Q1 26
Q4 25
98.3%
Q3 25
55.2%
Q2 25
74.2%
Q1 25
49.0%
Q4 24
49.3%
Q3 24
41.0%
Q2 24
78.2%
Cash Conversion
IDA
IDA
NNN
NNN
Q1 26
Q4 25
3.16×
6.95×
Q3 25
1.31×
2.25×
Q2 25
1.85×
1.19×
Q1 25
2.08×
2.11×
Q4 24
3.60×
6.49×
Q3 24
1.78×
2.11×
Q2 24
1.63×
1.13×

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%

NNN
NNN

Segment breakdown not available.

Related Comparisons