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Side-by-side financial comparison of IDACORP INC (IDA) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $360.1M, roughly 1.6× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs -21.0%, a 33.2% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -4.2%). StepStone Group Inc. produced more free cash flow last quarter ($26.7M vs $-216.2M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% 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.
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
IDA vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $586.5M |
| Net Profit | $43.6M | $-123.5M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | -33.2% |
| Net Margin | 12.1% | -21.0% |
| Revenue YoY | -4.2% | 73.0% |
| Net Profit YoY | 15.1% | 35.7% |
| EPS (diluted) | $0.78 | $-1.55 |
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 | $586.5M | ||
| Q3 25 | $526.4M | $454.2M | ||
| Q2 25 | $449.3M | $364.3M | ||
| Q1 25 | $411.1M | $377.7M | ||
| Q4 24 | $375.9M | $339.0M | ||
| Q3 24 | $532.5M | $271.7M | ||
| Q2 24 | $442.6M | $186.4M | ||
| Q1 24 | $417.9M | $356.8M |
| Q4 25 | $43.6M | $-123.5M | ||
| Q3 25 | $124.4M | $-366.1M | ||
| Q2 25 | $95.8M | $-38.4M | ||
| Q1 25 | $59.6M | $-18.5M | ||
| Q4 24 | $37.9M | $-192.0M | ||
| Q3 24 | $113.6M | $17.6M | ||
| Q2 24 | $89.5M | $13.3M | ||
| Q1 24 | $48.2M | $30.8M |
| Q4 25 | 14.9% | -33.2% | ||
| Q3 25 | 27.5% | -148.8% | ||
| Q2 25 | 22.4% | -5.6% | ||
| Q1 25 | 13.4% | 2.6% | ||
| Q4 24 | 11.0% | -101.7% | ||
| Q3 24 | 25.1% | 21.3% | ||
| Q2 24 | 23.3% | 29.4% | ||
| Q1 24 | 11.9% | 26.5% |
| Q4 25 | 12.1% | -21.0% | ||
| Q3 25 | 23.6% | -80.6% | ||
| Q2 25 | 21.3% | -10.5% | ||
| Q1 25 | 14.5% | -4.9% | ||
| Q4 24 | 10.1% | -56.6% | ||
| Q3 24 | 21.3% | 6.5% | ||
| Q2 24 | 20.2% | 7.2% | ||
| Q1 24 | 11.5% | 8.6% |
| Q4 25 | $0.78 | $-1.55 | ||
| Q3 25 | $2.26 | $-4.66 | ||
| Q2 25 | $1.76 | $-0.49 | ||
| Q1 25 | $1.10 | $-0.37 | ||
| Q4 24 | $0.72 | $-2.61 | ||
| Q3 24 | $2.12 | $0.26 | ||
| Q2 24 | $1.71 | $0.20 | ||
| Q1 24 | $0.95 | $0.47 |
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 | — |
| Total DebtLower is stronger | $3.3B | $270.2M |
| Stockholders' EquityBook value | $3.6B | $-378.8M |
| Total Assets | $10.2B | $5.2B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | — | ||
| Q3 25 | $333.2M | — | ||
| Q2 25 | $474.5M | — | ||
| Q1 25 | $634.5M | — | ||
| Q4 24 | $368.9M | — | ||
| Q3 24 | $427.9M | — | ||
| Q2 24 | $169.6M | — | ||
| Q1 24 | $157.6M | — |
| Q4 25 | $3.3B | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | $3.1B | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M | ||
| Q1 24 | — | $148.8M |
| Q4 25 | $3.6B | $-378.8M | ||
| Q3 25 | $3.5B | $-233.5M | ||
| Q2 25 | $3.4B | $153.9M | ||
| Q1 25 | $3.3B | $179.4M | ||
| Q4 24 | $3.3B | $209.8M | ||
| Q3 24 | $3.3B | $397.5M | ||
| Q2 24 | $3.2B | $366.9M | ||
| Q1 24 | $2.9B | $324.5M |
| Q4 25 | $10.2B | $5.2B | ||
| Q3 25 | $10.1B | $5.3B | ||
| Q2 25 | $9.9B | $4.8B | ||
| Q1 25 | $9.6B | $4.6B | ||
| Q4 24 | $9.2B | $4.3B | ||
| Q3 24 | $9.1B | $4.0B | ||
| Q2 24 | $8.7B | $3.8B | ||
| Q1 24 | $8.3B | $3.8B |
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 0.92× | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.46× |
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 | $27.2M |
| Free Cash FlowOCF − Capex | $-216.2M | $26.7M |
| FCF MarginFCF / Revenue | -60.0% | 4.6% |
| Capex IntensityCapex / Revenue | 98.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $27.2M | ||
| Q3 25 | $162.8M | $16.2M | ||
| Q2 25 | $176.9M | $46.3M | ||
| Q1 25 | $124.3M | $-66.5M | ||
| Q4 24 | $136.4M | $27.6M | ||
| Q3 24 | $201.9M | $53.7M | ||
| Q2 24 | $146.4M | $50.2M | ||
| Q1 24 | $109.7M | $7.6M |
| Q4 25 | $-216.2M | $26.7M | ||
| Q3 25 | $-127.9M | $15.9M | ||
| Q2 25 | $-156.4M | $45.2M | ||
| Q1 25 | $-77.0M | $-69.2M | ||
| Q4 24 | $-48.9M | $27.0M | ||
| Q3 24 | $-16.1M | $52.4M | ||
| Q2 24 | $-199.6M | $49.6M | ||
| Q1 24 | $-150.3M | $6.7M |
| Q4 25 | -60.0% | 4.6% | ||
| Q3 25 | -24.3% | 3.5% | ||
| Q2 25 | -34.8% | 12.4% | ||
| Q1 25 | -18.7% | -18.3% | ||
| Q4 24 | -13.0% | 8.0% | ||
| Q3 24 | -3.0% | 19.3% | ||
| Q2 24 | -45.1% | 26.6% | ||
| Q1 24 | -36.0% | 1.9% |
| Q4 25 | 98.3% | 0.1% | ||
| Q3 25 | 55.2% | 0.1% | ||
| Q2 25 | 74.2% | 0.3% | ||
| Q1 25 | 49.0% | 0.7% | ||
| Q4 24 | 49.3% | 0.2% | ||
| Q3 24 | 41.0% | 0.5% | ||
| Q2 24 | 78.2% | 0.3% | ||
| Q1 24 | 62.2% | 0.3% |
| Q4 25 | 3.16× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 3.60× | — | ||
| Q3 24 | 1.78× | 3.05× | ||
| Q2 24 | 1.63× | 3.76× | ||
| Q1 24 | 2.28× | 0.25× |
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% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
