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Side-by-side financial comparison of IDACORP INC (IDA) and P3 Health Partners Inc. (PIII). Click either name above to swap in a different company.
P3 Health Partners Inc. is the larger business by last-quarter revenue ($384.8M vs $360.1M, roughly 1.1× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs -19.6%, a 31.7% gap on every dollar of revenue. On growth, P3 Health Partners Inc. posted the faster year-over-year revenue change (3.8% vs -4.2%). Over the past eight quarters, P3 Health Partners Inc.'s revenue compounded faster (-0.5% 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.
P3 Health Partners Inc. is a population health management and value-based care services firm operating primarily in the United States. It partners with primary care providers and health systems to deliver coordinated, high-quality care for patient populations, especially Medicare Advantage beneficiaries, focusing on improving health outcomes and lowering unnecessary healthcare costs.
IDA vs PIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $384.8M |
| Net Profit | $43.6M | $-75.5M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | -40.0% |
| Net Margin | 12.1% | -19.6% |
| Revenue YoY | -4.2% | 3.8% |
| Net Profit YoY | 15.1% | -28.8% |
| EPS (diluted) | $0.78 | $-23.08 |
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 | $384.8M | ||
| Q3 25 | $526.4M | $345.3M | ||
| Q2 25 | $449.3M | $355.8M | ||
| Q1 25 | $411.1M | $373.2M | ||
| Q4 24 | $375.9M | $370.7M | ||
| Q3 24 | $532.5M | $362.1M | ||
| Q2 24 | $442.6M | $379.2M | ||
| Q1 24 | $417.9M | $388.5M |
| Q4 25 | $43.6M | $-75.5M | ||
| Q3 25 | $124.4M | $-31.6M | ||
| Q2 25 | $95.8M | $-20.4M | ||
| Q1 25 | $59.6M | $-20.5M | ||
| Q4 24 | $37.9M | $-58.6M | ||
| Q3 24 | $113.6M | $-46.5M | ||
| Q2 24 | $89.5M | $-12.0M | ||
| Q1 24 | $48.2M | $-18.7M |
| Q4 25 | 14.9% | -40.0% | ||
| Q3 25 | 27.5% | -12.8% | ||
| Q2 25 | 22.4% | -9.6% | ||
| Q1 25 | 13.4% | -10.2% | ||
| Q4 24 | 11.0% | -37.4% | ||
| Q3 24 | 25.1% | -29.5% | ||
| Q2 24 | 23.3% | -8.3% | ||
| Q1 24 | 11.9% | -11.3% |
| Q4 25 | 12.1% | -19.6% | ||
| Q3 25 | 23.6% | -9.1% | ||
| Q2 25 | 21.3% | -5.7% | ||
| Q1 25 | 14.5% | -5.5% | ||
| Q4 24 | 10.1% | -15.8% | ||
| Q3 24 | 21.3% | -12.8% | ||
| Q2 24 | 20.2% | -3.2% | ||
| Q1 24 | 11.5% | -4.8% |
| Q4 25 | $0.78 | $-23.08 | ||
| Q3 25 | $2.26 | $-9.67 | ||
| Q2 25 | $1.76 | $-6.23 | ||
| Q1 25 | $1.10 | $-6.28 | ||
| Q4 24 | $0.72 | $-23.13 | ||
| Q3 24 | $2.12 | $-15.70 | ||
| Q2 24 | $1.71 | $-7.37 | ||
| Q1 24 | $0.95 | $-7.86 |
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 | $25.0M |
| Total DebtLower is stronger | $3.3B | $228.4M |
| Stockholders' EquityBook value | $3.6B | $-155.2M |
| Total Assets | $10.2B | $656.6M |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $25.0M | ||
| Q3 25 | $333.2M | $37.7M | ||
| Q2 25 | $474.5M | $38.6M | ||
| Q1 25 | $634.5M | $40.1M | ||
| Q4 24 | $368.9M | $38.8M | ||
| Q3 24 | $427.9M | $63.0M | ||
| Q2 24 | $169.6M | $73.1M | ||
| Q1 24 | $157.6M | $27.3M |
| Q4 25 | $3.3B | $228.4M | ||
| Q3 25 | — | $252.8M | ||
| Q2 25 | — | $182.0M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | $3.1B | $108.9M | ||
| Q3 24 | — | $133.2M | ||
| Q2 24 | — | $133.1M | ||
| Q1 24 | — | $118.1M |
| Q4 25 | $3.6B | $-155.2M | ||
| Q3 25 | $3.5B | $-18.7M | ||
| Q2 25 | $3.4B | $44.5M | ||
| Q1 25 | $3.3B | $63.3M | ||
| Q4 24 | $3.3B | $75.9M | ||
| Q3 24 | $3.3B | $120.5M | ||
| Q2 24 | $3.2B | $166.8M | ||
| Q1 24 | $2.9B | $146.6M |
| Q4 25 | $10.2B | $656.6M | ||
| Q3 25 | $10.1B | $683.6M | ||
| Q2 25 | $9.9B | $731.6M | ||
| Q1 25 | $9.6B | $783.9M | ||
| Q4 24 | $9.2B | $783.4M | ||
| Q3 24 | $9.1B | $833.3M | ||
| Q2 24 | $8.7B | $892.8M | ||
| Q1 24 | $8.3B | $855.9M |
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.09× | ||
| Q1 25 | — | 2.71× | ||
| Q4 24 | 0.92× | 1.43× | ||
| Q3 24 | — | 1.11× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | — | 0.81× |
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 | $-25.7M |
| 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.
| Q4 25 | $137.8M | $-25.7M | ||
| Q3 25 | $162.8M | $-15.4M | ||
| Q2 25 | $176.9M | $-16.6M | ||
| Q1 25 | $124.3M | $-33.5M | ||
| Q4 24 | $136.4M | $-57.2M | ||
| Q3 24 | $201.9M | $-22.6M | ||
| Q2 24 | $146.4M | $-10.2M | ||
| Q1 24 | $109.7M | $-20.0M |
| 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% | 0.0% | ||
| Q3 24 | 41.0% | 0.0% | ||
| Q2 24 | 78.2% | 0.0% | ||
| Q1 24 | 62.2% | 0.0% |
| 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% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
