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

EPLUS INC is the larger business by last-quarter revenue ($614.8M vs $360.1M, roughly 1.7× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs 5.7%, a 6.4% gap on every dollar of revenue. On growth, EPLUS INC posted the faster year-over-year revenue change (20.3% vs -4.2%). Over the past eight quarters, EPLUS INC's revenue compounded faster (2.3% 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.

ePlus Inc.(Nasdaq: PLUS) is an American consultative technology solutions provider that provides solutions and advisory and managed services across the technology spectrum, including security, cloud, networking, collaboration, artificial intelligence, and emerging solutions to more than 5,000 customers.

IDA vs PLUS — Head-to-Head

Bigger by revenue
PLUS
PLUS
1.7× larger
PLUS
$614.8M
$360.1M
IDA
Growing faster (revenue YoY)
PLUS
PLUS
+24.5% gap
PLUS
20.3%
-4.2%
IDA
Higher net margin
IDA
IDA
6.4% more per $
IDA
12.1%
5.7%
PLUS
Faster 2-yr revenue CAGR
PLUS
PLUS
Annualised
PLUS
2.3%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IDA
IDA
PLUS
PLUS
Revenue
$360.1M
$614.8M
Net Profit
$43.6M
$35.1M
Gross Margin
25.8%
Operating Margin
14.9%
7.1%
Net Margin
12.1%
5.7%
Revenue YoY
-4.2%
20.3%
Net Profit YoY
15.1%
45.2%
EPS (diluted)
$0.78
$1.33

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
PLUS
PLUS
Q4 25
$360.1M
$614.8M
Q3 25
$526.4M
$608.8M
Q2 25
$449.3M
$637.3M
Q1 25
$411.1M
Q4 24
$375.9M
$493.2M
Q3 24
$532.5M
$493.4M
Q2 24
$442.6M
$535.7M
Q1 24
$417.9M
Net Profit
IDA
IDA
PLUS
PLUS
Q4 25
$43.6M
$35.1M
Q3 25
$124.4M
$34.9M
Q2 25
$95.8M
$37.7M
Q1 25
$59.6M
Q4 24
$37.9M
$24.1M
Q3 24
$113.6M
$31.3M
Q2 24
$89.5M
$27.3M
Q1 24
$48.2M
Gross Margin
IDA
IDA
PLUS
PLUS
Q4 25
25.8%
Q3 25
26.6%
Q2 25
23.3%
Q1 25
Q4 24
25.4%
Q3 24
25.8%
Q2 24
23.7%
Q1 24
Operating Margin
IDA
IDA
PLUS
PLUS
Q4 25
14.9%
7.1%
Q3 25
27.5%
8.0%
Q2 25
22.4%
5.7%
Q1 25
13.4%
Q4 24
11.0%
3.3%
Q3 24
25.1%
5.5%
Q2 24
23.3%
5.9%
Q1 24
11.9%
Net Margin
IDA
IDA
PLUS
PLUS
Q4 25
12.1%
5.7%
Q3 25
23.6%
5.7%
Q2 25
21.3%
5.9%
Q1 25
14.5%
Q4 24
10.1%
4.9%
Q3 24
21.3%
6.3%
Q2 24
20.2%
5.1%
Q1 24
11.5%
EPS (diluted)
IDA
IDA
PLUS
PLUS
Q4 25
$0.78
$1.33
Q3 25
$2.26
$1.32
Q2 25
$1.76
$1.43
Q1 25
$1.10
Q4 24
$0.72
$0.91
Q3 24
$2.12
$1.17
Q2 24
$1.71
$1.02
Q1 24
$0.95

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
PLUS
PLUS
Cash + ST InvestmentsLiquidity on hand
$215.7M
$326.3M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$3.6B
$1.1B
Total Assets
$10.2B
$1.8B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
PLUS
PLUS
Q4 25
$215.7M
$326.3M
Q3 25
$333.2M
$402.2M
Q2 25
$474.5M
$480.2M
Q1 25
$634.5M
Q4 24
$368.9M
$253.1M
Q3 24
$427.9M
$187.5M
Q2 24
$169.6M
$349.9M
Q1 24
$157.6M
Total Debt
IDA
IDA
PLUS
PLUS
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IDA
IDA
PLUS
PLUS
Q4 25
$3.6B
$1.1B
Q3 25
$3.5B
$1.0B
Q2 25
$3.4B
$1.0B
Q1 25
$3.3B
Q4 24
$3.3B
$962.3M
Q3 24
$3.3B
$947.0M
Q2 24
$3.2B
$921.9M
Q1 24
$2.9B
Total Assets
IDA
IDA
PLUS
PLUS
Q4 25
$10.2B
$1.8B
Q3 25
$10.1B
$1.8B
Q2 25
$9.9B
$1.8B
Q1 25
$9.6B
Q4 24
$9.2B
$1.8B
Q3 24
$9.1B
$1.7B
Q2 24
$8.7B
$1.7B
Q1 24
$8.3B
Debt / Equity
IDA
IDA
PLUS
PLUS
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
IDA
IDA
PLUS
PLUS
Operating Cash FlowLast quarter
$137.8M
$-87.4M
Free Cash FlowOCF − Capex
$-216.2M
FCF MarginFCF / Revenue
-60.0%
Capex IntensityCapex / Revenue
98.3%
Cash ConversionOCF / Net Profit
3.16×
-2.49×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
PLUS
PLUS
Q4 25
$137.8M
$-87.4M
Q3 25
$162.8M
$-34.8M
Q2 25
$176.9M
$-99.0M
Q1 25
$124.3M
Q4 24
$136.4M
$65.7M
Q3 24
$201.9M
$-21.6M
Q2 24
$146.4M
$97.1M
Q1 24
$109.7M
Free Cash Flow
IDA
IDA
PLUS
PLUS
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
FCF Margin
IDA
IDA
PLUS
PLUS
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%
Capex Intensity
IDA
IDA
PLUS
PLUS
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%
Cash Conversion
IDA
IDA
PLUS
PLUS
Q4 25
3.16×
-2.49×
Q3 25
1.31×
-1.00×
Q2 25
1.85×
-2.63×
Q1 25
2.08×
Q4 24
3.60×
2.72×
Q3 24
1.78×
-0.69×
Q2 24
1.63×
3.55×
Q1 24
2.28×

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%

PLUS
PLUS

All Others Customer End Market$107.0M17%
Technology Customer End Market$89.4M15%
Health Care Customer End Market$81.5M13%
Financial Services Customer End Market$66.1M11%
Professional Services Reporting Unit$64.1M10%
Security$61.1M10%
State And Local Government And Educational Institutions$59.9M10%
Managed Services Reporting Unit$48.8M8%
Other Product$21.1M3%
Collaboration$13.4M2%

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