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Side-by-side financial comparison of IDACORP INC (IDA) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $183.9M, roughly 2.0× Pangaea Logistics Solutions Ltd.). IDACORP INC runs the higher net margin — 12.1% vs 6.5%, a 5.6% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs -4.2%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% 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.
Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.
IDA vs PANL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $183.9M |
| Net Profit | $43.6M | $11.9M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | 9.5% |
| Net Margin | 12.1% | 6.5% |
| Revenue YoY | -4.2% | 24.9% |
| Net Profit YoY | 15.1% | 40.9% |
| EPS (diluted) | $0.78 | $0.18 |
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 | $183.9M | ||
| Q3 25 | $526.4M | $168.7M | ||
| Q2 25 | $449.3M | $156.7M | ||
| Q1 25 | $411.1M | $122.8M | ||
| Q4 24 | $375.9M | $147.2M | ||
| Q3 24 | $532.5M | $153.1M | ||
| Q2 24 | $442.6M | $131.5M | ||
| Q1 24 | $417.9M | $104.7M |
| Q4 25 | $43.6M | $11.9M | ||
| Q3 25 | $124.4M | $12.2M | ||
| Q2 25 | $95.8M | $-2.7M | ||
| Q1 25 | $59.6M | $-2.0M | ||
| Q4 24 | $37.9M | $8.4M | ||
| Q3 24 | $113.6M | $5.1M | ||
| Q2 24 | $89.5M | $3.7M | ||
| Q1 24 | $48.2M | $11.7M |
| Q4 25 | 14.9% | 9.5% | ||
| Q3 25 | 27.5% | 10.0% | ||
| Q2 25 | 22.4% | 2.3% | ||
| Q1 25 | 13.4% | 2.4% | ||
| Q4 24 | 11.0% | 10.1% | ||
| Q3 24 | 25.1% | 9.8% | ||
| Q2 24 | 23.3% | 5.8% | ||
| Q1 24 | 11.9% | 10.5% |
| Q4 25 | 12.1% | 6.5% | ||
| Q3 25 | 23.6% | 7.2% | ||
| Q2 25 | 21.3% | -1.8% | ||
| Q1 25 | 14.5% | -1.6% | ||
| Q4 24 | 10.1% | 5.7% | ||
| Q3 24 | 21.3% | 3.3% | ||
| Q2 24 | 20.2% | 2.8% | ||
| Q1 24 | 11.5% | 11.1% |
| Q4 25 | $0.78 | $0.18 | ||
| Q3 25 | $2.26 | $0.19 | ||
| Q2 25 | $1.76 | $-0.04 | ||
| Q1 25 | $1.10 | $-0.03 | ||
| Q4 24 | $0.72 | $0.19 | ||
| Q3 24 | $2.12 | $0.11 | ||
| Q2 24 | $1.71 | $0.08 | ||
| Q1 24 | $0.95 | $0.25 |
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 | $103.1M |
| Total DebtLower is stronger | $3.3B | $249.6M |
| Stockholders' EquityBook value | $3.6B | $429.3M |
| Total Assets | $10.2B | $928.1M |
| Debt / EquityLower = less leverage | 0.93× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $103.1M | ||
| Q3 25 | $333.2M | $94.0M | ||
| Q2 25 | $474.5M | $59.3M | ||
| Q1 25 | $634.5M | $63.9M | ||
| Q4 24 | $368.9M | $86.8M | ||
| Q3 24 | $427.9M | $93.1M | ||
| Q2 24 | $169.6M | $77.9M | ||
| Q1 24 | $157.6M | $95.9M |
| Q4 25 | $3.3B | $249.6M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $244.7M | ||
| Q1 25 | — | $251.0M | ||
| Q4 24 | $3.1B | $257.2M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | — | $90.5M | ||
| Q1 24 | — | $95.9M |
| Q4 25 | $3.6B | $429.3M | ||
| Q3 25 | $3.5B | $420.3M | ||
| Q2 25 | $3.4B | $414.4M | ||
| Q1 25 | $3.3B | $420.8M | ||
| Q4 24 | $3.3B | $427.8M | ||
| Q3 24 | $3.3B | $332.6M | ||
| Q2 24 | $3.2B | $331.5M | ||
| Q1 24 | $2.9B | $332.0M |
| Q4 25 | $10.2B | $928.1M | ||
| Q3 25 | $10.1B | $932.1M | ||
| Q2 25 | $9.9B | $916.0M | ||
| Q1 25 | $9.6B | $918.0M | ||
| Q4 24 | $9.2B | $936.5M | ||
| Q3 24 | $9.1B | $749.2M | ||
| Q2 24 | $8.7B | $692.9M | ||
| Q1 24 | $8.3B | $703.3M |
| Q4 25 | 0.93× | 0.58× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.92× | 0.60× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.29× |
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 | $15.1M |
| Free Cash FlowOCF − Capex | $-216.2M | — |
| FCF MarginFCF / Revenue | -60.0% | — |
| Capex IntensityCapex / Revenue | 98.3% | — |
| Cash ConversionOCF / Net Profit | 3.16× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $15.1M | ||
| Q3 25 | $162.8M | $28.6M | ||
| Q2 25 | $176.9M | $14.4M | ||
| Q1 25 | $124.3M | $-4.4M | ||
| Q4 24 | $136.4M | $19.3M | ||
| Q3 24 | $201.9M | $28.5M | ||
| Q2 24 | $146.4M | $9.0M | ||
| Q1 24 | $109.7M | $9.0M |
| 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 | — | ||
| Q1 24 | $-150.3M | — |
| 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% | — | ||
| Q1 24 | -36.0% | — |
| 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% | — | ||
| Q1 24 | 62.2% | — |
| Q4 25 | 3.16× | 1.27× | ||
| Q3 25 | 1.31× | 2.34× | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 3.60× | 2.29× | ||
| Q3 24 | 1.78× | 5.57× | ||
| Q2 24 | 1.63× | 2.43× | ||
| Q1 24 | 2.28× | 0.77× |
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% |
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
