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Side-by-side financial comparison of IDACORP INC (IDA) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $180.0M, roughly 2.0× CVR PARTNERS, LP). CVR PARTNERS, LP runs the higher net margin — 27.7% vs 12.1%, a 15.6% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs -4.2%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% 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.
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
IDA vs UAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $180.0M |
| Net Profit | $43.6M | $49.9M |
| Gross Margin | — | 37.5% |
| Operating Margin | 14.9% | 32.0% |
| Net Margin | 12.1% | 27.7% |
| Revenue YoY | -4.2% | 26.0% |
| Net Profit YoY | 15.1% | 84.3% |
| EPS (diluted) | $0.78 | — |
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.
| Q1 26 | — | $180.0M | ||
| Q4 25 | $360.1M | $131.1M | ||
| Q3 25 | $526.4M | $163.5M | ||
| Q2 25 | $449.3M | $168.6M | ||
| Q1 25 | $411.1M | $142.9M | ||
| Q4 24 | $375.9M | $139.6M | ||
| Q3 24 | $532.5M | $125.2M | ||
| Q2 24 | $442.6M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $43.6M | $-10.3M | ||
| Q3 25 | $124.4M | $43.1M | ||
| Q2 25 | $95.8M | $38.8M | ||
| Q1 25 | $59.6M | $27.1M | ||
| Q4 24 | $37.9M | $18.3M | ||
| Q3 24 | $113.6M | $3.8M | ||
| Q2 24 | $89.5M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | 14.9% | -2.2% | ||
| Q3 25 | 27.5% | 31.0% | ||
| Q2 25 | 22.4% | 27.5% | ||
| Q1 25 | 13.4% | 24.2% | ||
| Q4 24 | 11.0% | 18.4% | ||
| Q3 24 | 25.1% | 8.8% | ||
| Q2 24 | 23.3% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | 12.1% | -7.8% | ||
| Q3 25 | 23.6% | 26.3% | ||
| Q2 25 | 21.3% | 23.0% | ||
| Q1 25 | 14.5% | 19.0% | ||
| Q4 24 | 10.1% | 13.1% | ||
| Q3 24 | 21.3% | 3.0% | ||
| Q2 24 | 20.2% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.78 | $-0.98 | ||
| Q3 25 | $2.26 | $4.08 | ||
| Q2 25 | $1.76 | $3.67 | ||
| Q1 25 | $1.10 | $2.56 | ||
| Q4 24 | $0.72 | $1.73 | ||
| Q3 24 | $2.12 | $0.36 | ||
| Q2 24 | $1.71 | $2.48 |
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 | $128.1M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | — |
| Total Assets | $10.2B | $1.0B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $215.7M | $69.2M | ||
| Q3 25 | $333.2M | $156.2M | ||
| Q2 25 | $474.5M | $114.4M | ||
| Q1 25 | $634.5M | $121.8M | ||
| Q4 24 | $368.9M | $90.9M | ||
| Q3 24 | $427.9M | $110.5M | ||
| Q2 24 | $169.6M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $569.1M | ||
| Q3 25 | — | $569.1M | ||
| Q2 25 | — | $569.2M | ||
| Q1 25 | — | $569.3M | ||
| Q4 24 | $3.1B | $568.0M | ||
| Q3 24 | — | $547.7M | ||
| Q2 24 | — | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.2B | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $10.2B | $969.5M | ||
| Q3 25 | $10.1B | $1.0B | ||
| Q2 25 | $9.9B | $998.0M | ||
| Q1 25 | $9.6B | $1.0B | ||
| Q4 24 | $9.2B | $1.0B | ||
| Q3 24 | $9.1B | $986.6M | ||
| Q2 24 | $8.7B | $959.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $-216.2M | — |
| FCF MarginFCF / Revenue | -60.0% | — |
| Capex IntensityCapex / Revenue | 98.3% | 7.6% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $137.8M | $-21.6M | ||
| Q3 25 | $162.8M | $91.7M | ||
| Q2 25 | $176.9M | $24.1M | ||
| Q1 25 | $124.3M | $55.4M | ||
| Q4 24 | $136.4M | $12.8M | ||
| Q3 24 | $201.9M | $86.7M | ||
| Q2 24 | $146.4M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-216.2M | $-45.2M | ||
| Q3 25 | $-127.9M | $80.1M | ||
| Q2 25 | $-156.4M | $18.4M | ||
| Q1 25 | $-77.0M | $45.5M | ||
| Q4 24 | $-48.9M | $-5.6M | ||
| Q3 24 | $-16.1M | $82.3M | ||
| Q2 24 | $-199.6M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | -60.0% | -34.5% | ||
| Q3 25 | -24.3% | 49.0% | ||
| Q2 25 | -34.8% | 10.9% | ||
| Q1 25 | -18.7% | 31.9% | ||
| Q4 24 | -13.0% | -4.0% | ||
| Q3 24 | -3.0% | 65.7% | ||
| Q2 24 | -45.1% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 98.3% | 18.0% | ||
| Q3 25 | 55.2% | 7.1% | ||
| Q2 25 | 74.2% | 3.4% | ||
| Q1 25 | 49.0% | 6.9% | ||
| Q4 24 | 49.3% | 13.1% | ||
| Q3 24 | 41.0% | 3.6% | ||
| Q2 24 | 78.2% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.16× | — | ||
| Q3 25 | 1.31× | 2.13× | ||
| Q2 25 | 1.85× | 0.62× | ||
| Q1 25 | 2.08× | 2.04× | ||
| Q4 24 | 3.60× | 0.70× | ||
| Q3 24 | 1.78× | 22.78× | ||
| Q2 24 | 1.63× | 0.33× |
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% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
