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Side-by-side financial comparison of IDACORP INC (IDA) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $187.0M, roughly 1.9× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 12.1%, a 0.1% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -4.2%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-216.2M). Over the past eight quarters, National Storage Affiliates Trust's revenue compounded faster (-2.4% 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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
IDA vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $187.0M |
| Net Profit | $43.6M | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | 14.9% | 20.2% |
| Net Margin | 12.1% | 12.2% |
| Revenue YoY | -4.2% | -1.6% |
| Net Profit YoY | 15.1% | 36.8% |
| EPS (diluted) | $0.78 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $526.4M | $188.7M | ||
| Q2 25 | $449.3M | $188.8M | ||
| Q1 25 | $411.1M | $188.4M | ||
| Q4 24 | $375.9M | $190.1M | ||
| Q3 24 | $532.5M | $193.6M | ||
| Q2 24 | $442.6M | $190.4M | ||
| Q1 24 | $417.9M | $196.1M |
| Q4 25 | $43.6M | $22.9M | ||
| Q3 25 | $124.4M | $18.4M | ||
| Q2 25 | $95.8M | $19.5M | ||
| Q1 25 | $59.6M | $13.0M | ||
| Q4 24 | $37.9M | $16.7M | ||
| Q3 24 | $113.6M | $18.7M | ||
| Q2 24 | $89.5M | $17.1M | ||
| Q1 24 | $48.2M | $59.0M |
| Q4 25 | — | 72.5% | ||
| Q3 25 | — | 70.7% | ||
| Q2 25 | — | 70.5% | ||
| Q1 25 | — | 70.7% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.8% | ||
| Q2 24 | — | 72.6% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | 14.9% | 20.2% | ||
| Q3 25 | 27.5% | 15.8% | ||
| Q2 25 | 22.4% | 16.5% | ||
| Q1 25 | 13.4% | 11.0% | ||
| Q4 24 | 11.0% | 14.5% | ||
| Q3 24 | 25.1% | 15.8% | ||
| Q2 24 | 23.3% | 17.2% | ||
| Q1 24 | 11.9% | 48.9% |
| Q4 25 | 12.1% | 12.2% | ||
| Q3 25 | 23.6% | 9.8% | ||
| Q2 25 | 21.3% | 10.3% | ||
| Q1 25 | 14.5% | 6.9% | ||
| Q4 24 | 10.1% | 8.8% | ||
| Q3 24 | 21.3% | 9.7% | ||
| Q2 24 | 20.2% | 9.0% | ||
| Q1 24 | 11.5% | 30.1% |
| Q4 25 | $0.78 | $0.23 | ||
| Q3 25 | $2.26 | $0.17 | ||
| Q2 25 | $1.76 | $0.19 | ||
| Q1 25 | $1.10 | $0.10 | ||
| Q4 24 | $0.72 | $0.19 | ||
| Q3 24 | $2.12 | $0.18 | ||
| Q2 24 | $1.71 | $0.16 | ||
| Q1 24 | $0.95 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | $946.0M |
| Total Assets | $10.2B | $5.1B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $23.3M | ||
| Q3 25 | $333.2M | $26.3M | ||
| Q2 25 | $474.5M | $26.1M | ||
| Q1 25 | $634.5M | $19.3M | ||
| Q4 24 | $368.9M | $50.4M | ||
| Q3 24 | $427.9M | $69.9M | ||
| Q2 24 | $169.6M | $59.0M | ||
| Q1 24 | $157.6M | $64.2M |
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.6B | $946.0M | ||
| Q3 25 | $3.5B | $973.1M | ||
| Q2 25 | $3.4B | $1.0B | ||
| Q1 25 | $3.3B | $1.0B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.3B | $986.9M | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $2.9B | $1.3B |
| Q4 25 | $10.2B | $5.1B | ||
| Q3 25 | $10.1B | $5.1B | ||
| Q2 25 | $9.9B | $5.2B | ||
| Q1 25 | $9.6B | $5.3B | ||
| Q4 24 | $9.2B | $5.4B | ||
| Q3 24 | $9.1B | $5.4B | ||
| Q2 24 | $8.7B | $5.3B | ||
| Q1 24 | $8.3B | $5.4B |
| 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 | $338.5M |
| Free Cash FlowOCF − Capex | $-216.2M | $299.8M |
| FCF MarginFCF / Revenue | -60.0% | 160.3% |
| Capex IntensityCapex / Revenue | 98.3% | 20.7% |
| Cash ConversionOCF / Net Profit | 3.16× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $338.5M | ||
| Q3 25 | $162.8M | $100.2M | ||
| Q2 25 | $176.9M | $79.9M | ||
| Q1 25 | $124.3M | $85.6M | ||
| Q4 24 | $136.4M | $363.1M | ||
| Q3 24 | $201.9M | $105.7M | ||
| Q2 24 | $146.4M | $83.2M | ||
| Q1 24 | $109.7M | $94.0M |
| Q4 25 | $-216.2M | $299.8M | ||
| Q3 25 | $-127.9M | $88.0M | ||
| Q2 25 | $-156.4M | $73.8M | ||
| Q1 25 | $-77.0M | $79.9M | ||
| Q4 24 | $-48.9M | $344.4M | ||
| Q3 24 | $-16.1M | $101.8M | ||
| Q2 24 | $-199.6M | $79.5M | ||
| Q1 24 | $-150.3M | $88.6M |
| Q4 25 | -60.0% | 160.3% | ||
| Q3 25 | -24.3% | 46.6% | ||
| Q2 25 | -34.8% | 39.1% | ||
| Q1 25 | -18.7% | 42.4% | ||
| Q4 24 | -13.0% | 181.2% | ||
| Q3 24 | -3.0% | 52.6% | ||
| Q2 24 | -45.1% | 41.7% | ||
| Q1 24 | -36.0% | 45.2% |
| Q4 25 | 98.3% | 20.7% | ||
| Q3 25 | 55.2% | 6.5% | ||
| Q2 25 | 74.2% | 3.2% | ||
| Q1 25 | 49.0% | 3.0% | ||
| Q4 24 | 49.3% | 9.8% | ||
| Q3 24 | 41.0% | 2.0% | ||
| Q2 24 | 78.2% | 1.9% | ||
| Q1 24 | 62.2% | 2.7% |
| Q4 25 | 3.16× | 14.79× | ||
| Q3 25 | 1.31× | 5.44× | ||
| Q2 25 | 1.85× | 4.10× | ||
| Q1 25 | 2.08× | 6.59× | ||
| Q4 24 | 3.60× | 21.70× | ||
| Q3 24 | 1.78× | 5.65× | ||
| Q2 24 | 1.63× | 4.88× | ||
| Q1 24 | 2.28× | 1.59× |
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% |
NSA
Segment breakdown not available.
