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Side-by-side financial comparison of IDACORP INC (IDA) and Spectrum Brands Holdings, Inc. (SPB). Click either name above to swap in a different company.

Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $360.1M, roughly 1.9× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs 4.2%, a 7.9% gap on every dollar of revenue. On growth, Spectrum Brands Holdings, Inc. posted the faster year-over-year revenue change (-3.3% vs -4.2%). Spectrum Brands Holdings, Inc. produced more free cash flow last quarter ($59.3M vs $-216.2M). Over the past eight quarters, Spectrum Brands Holdings, Inc.'s revenue compounded faster (-2.9% 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.

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

IDA vs SPB — Head-to-Head

Bigger by revenue
SPB
SPB
1.9× larger
SPB
$677.0M
$360.1M
IDA
Growing faster (revenue YoY)
SPB
SPB
+0.9% gap
SPB
-3.3%
-4.2%
IDA
Higher net margin
IDA
IDA
7.9% more per $
IDA
12.1%
4.2%
SPB
More free cash flow
SPB
SPB
$275.5M more FCF
SPB
$59.3M
$-216.2M
IDA
Faster 2-yr revenue CAGR
SPB
SPB
Annualised
SPB
-2.9%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IDA
IDA
SPB
SPB
Revenue
$360.1M
$677.0M
Net Profit
$43.6M
$28.4M
Gross Margin
35.7%
Operating Margin
14.9%
4.0%
Net Margin
12.1%
4.2%
Revenue YoY
-4.2%
-3.3%
Net Profit YoY
15.1%
20.9%
EPS (diluted)
$0.78
$1.21

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
SPB
SPB
Q4 25
$360.1M
$677.0M
Q3 25
$526.4M
$733.5M
Q2 25
$449.3M
$699.6M
Q1 25
$411.1M
$675.7M
Q4 24
$375.9M
$700.2M
Q3 24
$532.5M
$773.8M
Q2 24
$442.6M
$779.4M
Q1 24
$417.9M
$718.5M
Net Profit
IDA
IDA
SPB
SPB
Q4 25
$43.6M
$28.4M
Q3 25
$124.4M
$55.6M
Q2 25
$95.8M
$19.9M
Q1 25
$59.6M
$900.0K
Q4 24
$37.9M
$23.5M
Q3 24
$113.6M
$28.5M
Q2 24
$89.5M
$6.1M
Q1 24
$48.2M
$61.1M
Gross Margin
IDA
IDA
SPB
SPB
Q4 25
35.7%
Q3 25
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Q1 24
38.1%
Operating Margin
IDA
IDA
SPB
SPB
Q4 25
14.9%
4.0%
Q3 25
27.5%
4.0%
Q2 25
22.4%
4.5%
Q1 25
13.4%
2.9%
Q4 24
11.0%
6.4%
Q3 24
25.1%
2.8%
Q2 24
23.3%
6.1%
Q1 24
11.9%
10.6%
Net Margin
IDA
IDA
SPB
SPB
Q4 25
12.1%
4.2%
Q3 25
23.6%
7.6%
Q2 25
21.3%
2.8%
Q1 25
14.5%
0.1%
Q4 24
10.1%
3.4%
Q3 24
21.3%
3.7%
Q2 24
20.2%
0.8%
Q1 24
11.5%
8.5%
EPS (diluted)
IDA
IDA
SPB
SPB
Q4 25
$0.78
$1.21
Q3 25
$2.26
$2.19
Q2 25
$1.76
$0.80
Q1 25
$1.10
$0.03
Q4 24
$0.72
$0.84
Q3 24
$2.12
$1.03
Q2 24
$1.71
$0.21
Q1 24
$0.95
$2.01

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$215.7M
$126.6M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$3.6B
$1.9B
Total Assets
$10.2B
$3.4B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
SPB
SPB
Q4 25
$215.7M
$126.6M
Q3 25
$333.2M
$123.6M
Q2 25
$474.5M
$122.0M
Q1 25
$634.5M
$96.0M
Q4 24
$368.9M
$179.9M
Q3 24
$427.9M
$368.9M
Q2 24
$169.6M
$306.8M
Q1 24
$157.6M
$1.2B
Total Debt
IDA
IDA
SPB
SPB
Q4 25
$3.3B
Q3 25
$496.1M
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
$496.1M
Q2 24
Q1 24
Stockholders' Equity
IDA
IDA
SPB
SPB
Q4 25
$3.6B
$1.9B
Q3 25
$3.5B
$1.9B
Q2 25
$3.4B
$1.9B
Q1 25
$3.3B
$1.9B
Q4 24
$3.3B
$2.0B
Q3 24
$3.3B
$2.1B
Q2 24
$3.2B
$2.1B
Q1 24
$2.9B
$2.3B
Total Assets
IDA
IDA
SPB
SPB
Q4 25
$10.2B
$3.4B
Q3 25
$10.1B
$3.4B
Q2 25
$9.9B
$3.5B
Q1 25
$9.6B
$3.5B
Q4 24
$9.2B
$3.6B
Q3 24
$9.1B
$3.8B
Q2 24
$8.7B
$3.8B
Q1 24
$8.3B
$4.8B
Debt / Equity
IDA
IDA
SPB
SPB
Q4 25
0.93×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.92×
Q3 24
0.23×
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
SPB
SPB
Operating Cash FlowLast quarter
$137.8M
$67.4M
Free Cash FlowOCF − Capex
$-216.2M
$59.3M
FCF MarginFCF / Revenue
-60.0%
8.8%
Capex IntensityCapex / Revenue
98.3%
1.2%
Cash ConversionOCF / Net Profit
3.16×
2.37×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
SPB
SPB
Q4 25
$137.8M
$67.4M
Q3 25
$162.8M
$171.1M
Q2 25
$176.9M
$81.8M
Q1 25
$124.3M
$23.1M
Q4 24
$136.4M
$-72.4M
Q3 24
$201.9M
$80.7M
Q2 24
$146.4M
$82.7M
Q1 24
$109.7M
$3.5M
Free Cash Flow
IDA
IDA
SPB
SPB
Q4 25
$-216.2M
$59.3M
Q3 25
$-127.9M
$157.9M
Q2 25
$-156.4M
$71.8M
Q1 25
$-77.0M
$13.9M
Q4 24
$-48.9M
$-78.3M
Q3 24
$-16.1M
$67.7M
Q2 24
$-199.6M
$72.6M
Q1 24
$-150.3M
$-9.0M
FCF Margin
IDA
IDA
SPB
SPB
Q4 25
-60.0%
8.8%
Q3 25
-24.3%
21.5%
Q2 25
-34.8%
10.3%
Q1 25
-18.7%
2.1%
Q4 24
-13.0%
-11.2%
Q3 24
-3.0%
8.7%
Q2 24
-45.1%
9.3%
Q1 24
-36.0%
-1.3%
Capex Intensity
IDA
IDA
SPB
SPB
Q4 25
98.3%
1.2%
Q3 25
55.2%
1.8%
Q2 25
74.2%
1.4%
Q1 25
49.0%
1.4%
Q4 24
49.3%
0.8%
Q3 24
41.0%
1.7%
Q2 24
78.2%
1.3%
Q1 24
62.2%
1.7%
Cash Conversion
IDA
IDA
SPB
SPB
Q4 25
3.16×
2.37×
Q3 25
1.31×
3.08×
Q2 25
1.85×
4.11×
Q1 25
2.08×
25.67×
Q4 24
3.60×
-3.08×
Q3 24
1.78×
2.83×
Q2 24
1.63×
13.56×
Q1 24
2.28×
0.06×

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%

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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