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

PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $360.1M, roughly 1.2× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs 7.6%, a 4.5% gap on every dollar of revenue. On growth, IDACORP INC posted the faster year-over-year revenue change (-4.2% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-216.2M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.

Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.

IDA vs PEGA — Head-to-Head

Bigger by revenue
PEGA
PEGA
1.2× larger
PEGA
$430.0M
$360.1M
IDA
Growing faster (revenue YoY)
IDA
IDA
+5.4% gap
IDA
-4.2%
-9.6%
PEGA
Higher net margin
IDA
IDA
4.5% more per $
IDA
12.1%
7.6%
PEGA
More free cash flow
PEGA
PEGA
$422.7M more FCF
PEGA
$206.5M
$-216.2M
IDA
Faster 2-yr revenue CAGR
PEGA
PEGA
Annualised
PEGA
10.7%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IDA
IDA
PEGA
PEGA
Revenue
$360.1M
$430.0M
Net Profit
$43.6M
$32.8M
Gross Margin
75.2%
Operating Margin
14.9%
8.6%
Net Margin
12.1%
7.6%
Revenue YoY
-4.2%
-9.6%
Net Profit YoY
15.1%
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.

Revenue
IDA
IDA
PEGA
PEGA
Q1 26
$430.0M
Q4 25
$360.1M
$504.3M
Q3 25
$526.4M
$381.4M
Q2 25
$449.3M
$384.5M
Q1 25
$411.1M
$475.6M
Q4 24
$375.9M
$490.8M
Q3 24
$532.5M
$325.1M
Q2 24
$442.6M
$351.2M
Net Profit
IDA
IDA
PEGA
PEGA
Q1 26
$32.8M
Q4 25
$43.6M
$234.6M
Q3 25
$124.4M
$43.4M
Q2 25
$95.8M
$30.1M
Q1 25
$59.6M
$85.4M
Q4 24
$37.9M
$119.1M
Q3 24
$113.6M
$-14.4M
Q2 24
$89.5M
$6.6M
Gross Margin
IDA
IDA
PEGA
PEGA
Q1 26
75.2%
Q4 25
79.5%
Q3 25
72.2%
Q2 25
71.5%
Q1 25
78.5%
Q4 24
79.1%
Q3 24
70.2%
Q2 24
72.4%
Operating Margin
IDA
IDA
PEGA
PEGA
Q1 26
8.6%
Q4 25
14.9%
20.7%
Q3 25
27.5%
3.8%
Q2 25
22.4%
4.5%
Q1 25
13.4%
26.7%
Q4 24
11.0%
29.1%
Q3 24
25.1%
-3.6%
Q2 24
23.3%
3.7%
Net Margin
IDA
IDA
PEGA
PEGA
Q1 26
7.6%
Q4 25
12.1%
46.5%
Q3 25
23.6%
11.4%
Q2 25
21.3%
7.8%
Q1 25
14.5%
18.0%
Q4 24
10.1%
24.3%
Q3 24
21.3%
-4.4%
Q2 24
20.2%
1.9%
EPS (diluted)
IDA
IDA
PEGA
PEGA
Q1 26
$0.18
Q4 25
$0.78
$0.81
Q3 25
$2.26
$0.24
Q2 25
$1.76
$0.17
Q1 25
$1.10
$0.91
Q4 24
$0.72
$1.35
Q3 24
$2.12
$-0.17
Q2 24
$1.71
$0.07

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
PEGA
PEGA
Cash + ST InvestmentsLiquidity on hand
$215.7M
$270.0M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$3.6B
$705.9M
Total Assets
$10.2B
$1.6B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
PEGA
PEGA
Q1 26
$270.0M
Q4 25
$215.7M
$425.8M
Q3 25
$333.2M
$351.4M
Q2 25
$474.5M
$411.6M
Q1 25
$634.5M
$371.7M
Q4 24
$368.9M
$740.0M
Q3 24
$427.9M
$703.0M
Q2 24
$169.6M
$665.1M
Total Debt
IDA
IDA
PEGA
PEGA
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Stockholders' Equity
IDA
IDA
PEGA
PEGA
Q1 26
$705.9M
Q4 25
$3.6B
$787.4M
Q3 25
$3.5B
$596.8M
Q2 25
$3.4B
$624.5M
Q1 25
$3.3B
$611.3M
Q4 24
$3.3B
$585.5M
Q3 24
$3.3B
$473.0M
Q2 24
$3.2B
$435.4M
Total Assets
IDA
IDA
PEGA
PEGA
Q1 26
$1.6B
Q4 25
$10.2B
$1.6B
Q3 25
$10.1B
$1.3B
Q2 25
$9.9B
$1.3B
Q1 25
$9.6B
$1.3B
Q4 24
$9.2B
$1.8B
Q3 24
$9.1B
$1.6B
Q2 24
$8.7B
$1.5B
Debt / Equity
IDA
IDA
PEGA
PEGA
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
PEGA
PEGA
Operating Cash FlowLast quarter
$137.8M
Free Cash FlowOCF − Capex
$-216.2M
$206.5M
FCF MarginFCF / Revenue
-60.0%
48.0%
Capex IntensityCapex / Revenue
98.3%
Cash ConversionOCF / Net Profit
3.16×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M
$494.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
PEGA
PEGA
Q1 26
Q4 25
$137.8M
$158.4M
Q3 25
$162.8M
$56.3M
Q2 25
$176.9M
$86.3M
Q1 25
$124.3M
$204.2M
Q4 24
$136.4M
$95.2M
Q3 24
$201.9M
$30.5M
Q2 24
$146.4M
$40.1M
Free Cash Flow
IDA
IDA
PEGA
PEGA
Q1 26
$206.5M
Q4 25
$-216.2M
$152.4M
Q3 25
$-127.9M
$51.8M
Q2 25
$-156.4M
$84.1M
Q1 25
$-77.0M
$202.3M
Q4 24
$-48.9M
$92.4M
Q3 24
$-16.1M
$27.4M
Q2 24
$-199.6M
$38.8M
FCF Margin
IDA
IDA
PEGA
PEGA
Q1 26
48.0%
Q4 25
-60.0%
30.2%
Q3 25
-24.3%
13.6%
Q2 25
-34.8%
21.9%
Q1 25
-18.7%
42.5%
Q4 24
-13.0%
18.8%
Q3 24
-3.0%
8.4%
Q2 24
-45.1%
11.1%
Capex Intensity
IDA
IDA
PEGA
PEGA
Q1 26
Q4 25
98.3%
1.2%
Q3 25
55.2%
1.2%
Q2 25
74.2%
0.6%
Q1 25
49.0%
0.4%
Q4 24
49.3%
0.6%
Q3 24
41.0%
0.9%
Q2 24
78.2%
0.4%
Cash Conversion
IDA
IDA
PEGA
PEGA
Q1 26
Q4 25
3.16×
0.68×
Q3 25
1.31×
1.30×
Q2 25
1.85×
2.87×
Q1 25
2.08×
2.39×
Q4 24
3.60×
0.80×
Q3 24
1.78×
Q2 24
1.63×
6.06×

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%

PEGA
PEGA

Pega Cloud$205.0M48%
Subscription license$94.9M22%
Maintenance$75.3M18%
Consulting$54.8M13%

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