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Side-by-side financial comparison of IDACORP INC (IDA) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $360.1M, roughly 1.1× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs 11.2%, a 0.9% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -4.2%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $-216.2M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
IDA vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $385.6M |
| Net Profit | $43.6M | $43.2M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | 14.2% |
| Net Margin | 12.1% | 11.2% |
| Revenue YoY | -4.2% | 26.7% |
| Net Profit YoY | 15.1% | 200.1% |
| EPS (diluted) | $0.78 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $526.4M | $382.5M | ||
| Q2 25 | $449.3M | $319.9M | ||
| Q1 25 | $411.1M | $328.5M | ||
| Q4 24 | $375.9M | $304.4M | ||
| Q3 24 | $532.5M | $300.9M | ||
| Q2 24 | $442.6M | $279.9M | ||
| Q1 24 | $417.9M | $265.0M |
| Q4 25 | $43.6M | $43.2M | ||
| Q3 25 | $124.4M | $45.9M | ||
| Q2 25 | $95.8M | $38.8M | ||
| Q1 25 | $59.6M | $42.1M | ||
| Q4 24 | $37.9M | $14.4M | ||
| Q3 24 | $113.6M | $36.7M | ||
| Q2 24 | $89.5M | $31.0M | ||
| Q1 24 | $48.2M | $36.8M |
| Q4 25 | 14.9% | 14.2% | ||
| Q3 25 | 27.5% | 15.8% | ||
| Q2 25 | 22.4% | 15.6% | ||
| Q1 25 | 13.4% | 15.7% | ||
| Q4 24 | 11.0% | 6.1% | ||
| Q3 24 | 25.1% | 15.6% | ||
| Q2 24 | 23.3% | 14.4% | ||
| Q1 24 | 11.9% | 17.7% |
| Q4 25 | 12.1% | 11.2% | ||
| Q3 25 | 23.6% | 12.0% | ||
| Q2 25 | 21.3% | 12.1% | ||
| Q1 25 | 14.5% | 12.8% | ||
| Q4 24 | 10.1% | 4.7% | ||
| Q3 24 | 21.3% | 12.2% | ||
| Q2 24 | 20.2% | 11.1% | ||
| Q1 24 | 11.5% | 13.9% |
| Q4 25 | $0.78 | $1.03 | ||
| Q3 25 | $2.26 | $1.10 | ||
| Q2 25 | $1.76 | $0.93 | ||
| Q1 25 | $1.10 | $1.01 | ||
| Q4 24 | $0.72 | $0.33 | ||
| Q3 24 | $2.12 | $0.89 | ||
| Q2 24 | $1.71 | $0.75 | ||
| Q1 24 | $0.95 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | $1.0B |
| Total Assets | $10.2B | $4.8B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $168.5M | ||
| Q3 25 | $333.2M | $160.1M | ||
| Q2 25 | $474.5M | $136.6M | ||
| Q1 25 | $634.5M | $112.9M | ||
| Q4 24 | $368.9M | $121.6M | ||
| Q3 24 | $427.9M | $105.6M | ||
| Q2 24 | $169.6M | $73.0M | ||
| Q1 24 | $157.6M | $85.1M |
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.6B | $1.0B | ||
| Q3 25 | $3.5B | $961.4M | ||
| Q2 25 | $3.4B | $899.9M | ||
| Q1 25 | $3.3B | $850.7M | ||
| Q4 24 | $3.3B | $794.0M | ||
| Q3 24 | $3.3B | $797.5M | ||
| Q2 24 | $3.2B | $723.6M | ||
| Q1 24 | $2.9B | $692.3M |
| Q4 25 | $10.2B | $4.8B | ||
| Q3 25 | $10.1B | $4.6B | ||
| Q2 25 | $9.9B | $4.3B | ||
| Q1 25 | $9.6B | $4.0B | ||
| Q4 24 | $9.2B | $3.7B | ||
| Q3 24 | $9.1B | $3.6B | ||
| Q2 24 | $8.7B | $3.4B | ||
| Q1 24 | $8.3B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | $-216.2M | $402.6M |
| FCF MarginFCF / Revenue | -60.0% | 104.4% |
| Capex IntensityCapex / Revenue | 98.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.16× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $408.1M | ||
| Q3 25 | $162.8M | $171.4M | ||
| Q2 25 | $176.9M | $88.2M | ||
| Q1 25 | $124.3M | $96.8M | ||
| Q4 24 | $136.4M | $305.1M | ||
| Q3 24 | $201.9M | $168.0M | ||
| Q2 24 | $146.4M | $21.0M | ||
| Q1 24 | $109.7M | $94.3M |
| Q4 25 | $-216.2M | $402.6M | ||
| Q3 25 | $-127.9M | $168.9M | ||
| Q2 25 | $-156.4M | $87.1M | ||
| Q1 25 | $-77.0M | $96.6M | ||
| Q4 24 | $-48.9M | $300.9M | ||
| Q3 24 | $-16.1M | $167.6M | ||
| Q2 24 | $-199.6M | $18.4M | ||
| Q1 24 | $-150.3M | $94.0M |
| Q4 25 | -60.0% | 104.4% | ||
| Q3 25 | -24.3% | 44.2% | ||
| Q2 25 | -34.8% | 27.2% | ||
| Q1 25 | -18.7% | 29.4% | ||
| Q4 24 | -13.0% | 98.8% | ||
| Q3 24 | -3.0% | 55.7% | ||
| Q2 24 | -45.1% | 6.6% | ||
| Q1 24 | -36.0% | 35.5% |
| Q4 25 | 98.3% | 1.4% | ||
| Q3 25 | 55.2% | 0.6% | ||
| Q2 25 | 74.2% | 0.3% | ||
| Q1 25 | 49.0% | 0.1% | ||
| Q4 24 | 49.3% | 1.4% | ||
| Q3 24 | 41.0% | 0.1% | ||
| Q2 24 | 78.2% | 0.9% | ||
| Q1 24 | 62.2% | 0.1% |
| Q4 25 | 3.16× | 9.44× | ||
| Q3 25 | 1.31× | 3.73× | ||
| Q2 25 | 1.85× | 2.27× | ||
| Q1 25 | 2.08× | 2.30× | ||
| Q4 24 | 3.60× | 21.18× | ||
| Q3 24 | 1.78× | 4.58× | ||
| Q2 24 | 1.63× | 0.68× | ||
| Q1 24 | 2.28× | 2.56× |
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% |
SKWD
Segment breakdown not available.
