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

TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $360.1M, roughly 1.7× IDACORP INC). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 12.1%, a 19.7% gap on every dollar of revenue. On growth, TRINITY INDUSTRIES INC posted the faster year-over-year revenue change (-2.9% vs -4.2%). TRINITY INDUSTRIES INC produced more free cash flow last quarter ($158.6M vs $-216.2M). Over the past eight quarters, IDACORP INC's revenue compounded faster (-7.2% CAGR vs -13.1%).

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.

Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.

IDA vs TRN — Head-to-Head

Bigger by revenue
TRN
TRN
1.7× larger
TRN
$611.2M
$360.1M
IDA
Growing faster (revenue YoY)
TRN
TRN
+1.3% gap
TRN
-2.9%
-4.2%
IDA
Higher net margin
TRN
TRN
19.7% more per $
TRN
31.8%
12.1%
IDA
More free cash flow
TRN
TRN
$374.8M more FCF
TRN
$158.6M
$-216.2M
IDA
Faster 2-yr revenue CAGR
IDA
IDA
Annualised
IDA
-7.2%
-13.1%
TRN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDA
IDA
TRN
TRN
Revenue
$360.1M
$611.2M
Net Profit
$43.6M
$194.2M
Gross Margin
25.5%
Operating Margin
14.9%
54.9%
Net Margin
12.1%
31.8%
Revenue YoY
-4.2%
-2.9%
Net Profit YoY
15.1%
413.8%
EPS (diluted)
$0.78
$2.25

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
TRN
TRN
Q4 25
$360.1M
$611.2M
Q3 25
$526.4M
$454.1M
Q2 25
$449.3M
$506.2M
Q1 25
$411.1M
$585.4M
Q4 24
$375.9M
$629.4M
Q3 24
$532.5M
$798.8M
Q2 24
$442.6M
$841.4M
Q1 24
$417.9M
$809.6M
Net Profit
IDA
IDA
TRN
TRN
Q4 25
$43.6M
$194.2M
Q3 25
$124.4M
$30.3M
Q2 25
$95.8M
$14.1M
Q1 25
$59.6M
$22.1M
Q4 24
$37.9M
$37.8M
Q3 24
$113.6M
$31.4M
Q2 24
$89.5M
$54.4M
Q1 24
$48.2M
$23.7M
Gross Margin
IDA
IDA
TRN
TRN
Q4 25
25.5%
Q3 25
31.1%
Q2 25
26.4%
Q1 25
24.3%
Q4 24
24.6%
Q3 24
21.2%
Q2 24
21.3%
Q1 24
20.3%
Operating Margin
IDA
IDA
TRN
TRN
Q4 25
14.9%
54.9%
Q3 25
27.5%
26.1%
Q2 25
22.4%
18.8%
Q1 25
13.4%
17.0%
Q4 24
11.0%
17.8%
Q3 24
25.1%
15.3%
Q2 24
23.3%
16.9%
Q1 24
11.9%
14.2%
Net Margin
IDA
IDA
TRN
TRN
Q4 25
12.1%
31.8%
Q3 25
23.6%
6.7%
Q2 25
21.3%
2.8%
Q1 25
14.5%
3.8%
Q4 24
10.1%
6.0%
Q3 24
21.3%
3.9%
Q2 24
20.2%
6.5%
Q1 24
11.5%
2.9%
EPS (diluted)
IDA
IDA
TRN
TRN
Q4 25
$0.78
$2.25
Q3 25
$2.26
$0.37
Q2 25
$1.76
$0.17
Q1 25
$1.10
$0.26
Q4 24
$0.72
$0.34
Q3 24
$2.12
$0.37
Q2 24
$1.71
$0.65
Q1 24
$0.95
$0.28

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$215.7M
$201.3M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$3.6B
$1.1B
Total Assets
$10.2B
$8.4B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
TRN
TRN
Q4 25
$215.7M
$201.3M
Q3 25
$333.2M
$66.3M
Q2 25
$474.5M
$147.7M
Q1 25
$634.5M
$94.9M
Q4 24
$368.9M
$228.2M
Q3 24
$427.9M
$222.4M
Q2 24
$169.6M
$257.1M
Q1 24
$157.6M
$118.8M
Total Debt
IDA
IDA
TRN
TRN
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IDA
IDA
TRN
TRN
Q4 25
$3.6B
$1.1B
Q3 25
$3.5B
$1.0B
Q2 25
$3.4B
$1.0B
Q1 25
$3.3B
$1.1B
Q4 24
$3.3B
$1.1B
Q3 24
$3.3B
$1.1B
Q2 24
$3.2B
$1.1B
Q1 24
$2.9B
$1.0B
Total Assets
IDA
IDA
TRN
TRN
Q4 25
$10.2B
$8.4B
Q3 25
$10.1B
$8.9B
Q2 25
$9.9B
$8.8B
Q1 25
$9.6B
$8.7B
Q4 24
$9.2B
$8.8B
Q3 24
$9.1B
$8.8B
Q2 24
$8.7B
$9.0B
Q1 24
$8.3B
$9.1B
Debt / Equity
IDA
IDA
TRN
TRN
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
TRN
TRN
Operating Cash FlowLast quarter
$137.8M
$177.4M
Free Cash FlowOCF − Capex
$-216.2M
$158.6M
FCF MarginFCF / Revenue
-60.0%
25.9%
Capex IntensityCapex / Revenue
98.3%
3.1%
Cash ConversionOCF / Net Profit
3.16×
0.91×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M
$314.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
TRN
TRN
Q4 25
$137.8M
$177.4M
Q3 25
$162.8M
$44.2M
Q2 25
$176.9M
$61.6M
Q1 25
$124.3M
$76.5M
Q4 24
$136.4M
$201.6M
Q3 24
$201.9M
$78.5M
Q2 24
$146.4M
$241.5M
Q1 24
$109.7M
$52.2M
Free Cash Flow
IDA
IDA
TRN
TRN
Q4 25
$-216.2M
$158.6M
Q3 25
$-127.9M
$35.3M
Q2 25
$-156.4M
$52.9M
Q1 25
$-77.0M
$67.3M
Q4 24
$-48.9M
$180.1M
Q3 24
$-16.1M
$62.1M
Q2 24
$-199.6M
$230.2M
Q1 24
$-150.3M
$47.6M
FCF Margin
IDA
IDA
TRN
TRN
Q4 25
-60.0%
25.9%
Q3 25
-24.3%
7.8%
Q2 25
-34.8%
10.5%
Q1 25
-18.7%
11.5%
Q4 24
-13.0%
28.6%
Q3 24
-3.0%
7.8%
Q2 24
-45.1%
27.4%
Q1 24
-36.0%
5.9%
Capex Intensity
IDA
IDA
TRN
TRN
Q4 25
98.3%
3.1%
Q3 25
55.2%
2.0%
Q2 25
74.2%
1.7%
Q1 25
49.0%
1.6%
Q4 24
49.3%
3.4%
Q3 24
41.0%
2.1%
Q2 24
78.2%
1.3%
Q1 24
62.2%
0.6%
Cash Conversion
IDA
IDA
TRN
TRN
Q4 25
3.16×
0.91×
Q3 25
1.31×
1.46×
Q2 25
1.85×
4.37×
Q1 25
2.08×
3.46×
Q4 24
3.60×
5.33×
Q3 24
1.78×
2.50×
Q2 24
1.63×
4.44×
Q1 24
2.28×
2.20×

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%

TRN
TRN

Manufacturing$296.5M49%
Leasing And Management$234.8M38%
Maintenance Services Domain$69.8M11%
Digital Logistics Services$11.2M2%

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