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Side-by-side financial comparison of IDACORP INC (IDA) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $183.8M, roughly 2.0× Wheels Up Experience Inc.). IDACORP INC runs the higher net margin — 12.1% vs -15.7%, a 27.8% gap on every dollar of revenue. On growth, IDACORP INC posted the faster year-over-year revenue change (-4.2% vs -10.2%). Wheels Up Experience Inc. produced more free cash flow last quarter ($-58.3M vs $-216.2M). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% 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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
IDA vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $183.8M |
| Net Profit | $43.6M | $-28.9M |
| Gross Margin | — | 14.3% |
| Operating Margin | 14.9% | -0.9% |
| Net Margin | 12.1% | -15.7% |
| Revenue YoY | -4.2% | -10.2% |
| Net Profit YoY | 15.1% | 67.0% |
| EPS (diluted) | $0.78 | $-0.04 |
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 | $183.8M | ||
| Q3 25 | $526.4M | $185.5M | ||
| Q2 25 | $449.3M | $189.6M | ||
| Q1 25 | $411.1M | $177.5M | ||
| Q4 24 | $375.9M | $204.8M | ||
| Q3 24 | $532.5M | $193.9M | ||
| Q2 24 | $442.6M | $196.3M | ||
| Q1 24 | $417.9M | $197.1M |
| Q4 25 | $43.6M | $-28.9M | ||
| Q3 25 | $124.4M | $-83.7M | ||
| Q2 25 | $95.8M | $-82.3M | ||
| Q1 25 | $59.6M | $-99.3M | ||
| Q4 24 | $37.9M | $-87.5M | ||
| Q3 24 | $113.6M | $-57.7M | ||
| Q2 24 | $89.5M | $-97.0M | ||
| Q1 24 | $48.2M | $-97.4M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -0.6% |
| Q4 25 | 14.9% | -0.9% | ||
| Q3 25 | 27.5% | -33.1% | ||
| Q2 25 | 22.4% | -31.4% | ||
| Q1 25 | 13.4% | -45.5% | ||
| Q4 24 | 11.0% | -26.0% | ||
| Q3 24 | 25.1% | -21.6% | ||
| Q2 24 | 23.3% | -40.3% | ||
| Q1 24 | 11.9% | -42.9% |
| Q4 25 | 12.1% | -15.7% | ||
| Q3 25 | 23.6% | -45.1% | ||
| Q2 25 | 21.3% | -43.4% | ||
| Q1 25 | 14.5% | -55.9% | ||
| Q4 24 | 10.1% | -42.7% | ||
| Q3 24 | 21.3% | -29.8% | ||
| Q2 24 | 20.2% | -49.4% | ||
| Q1 24 | 11.5% | -49.4% |
| Q4 25 | $0.78 | $-0.04 | ||
| Q3 25 | $2.26 | $-0.12 | ||
| Q2 25 | $1.76 | $-0.12 | ||
| Q1 25 | $1.10 | $-0.14 | ||
| Q4 24 | $0.72 | $-0.13 | ||
| Q3 24 | $2.12 | $-0.08 | ||
| Q2 24 | $1.71 | $-0.14 | ||
| Q1 24 | $0.95 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | $3.3B | $671.3M |
| Stockholders' EquityBook value | $3.6B | $-392.1M |
| Total Assets | $10.2B | $968.8M |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $133.9M | ||
| Q3 25 | $333.2M | $125.3M | ||
| Q2 25 | $474.5M | $107.0M | ||
| Q1 25 | $634.5M | $171.8M | ||
| Q4 24 | $368.9M | $216.4M | ||
| Q3 24 | $427.9M | $115.9M | ||
| Q2 24 | $169.6M | $141.5M | ||
| Q1 24 | $157.6M | $180.9M |
| Q4 25 | $3.3B | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | $3.1B | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $3.6B | $-392.1M | ||
| Q3 25 | $3.5B | $-374.5M | ||
| Q2 25 | $3.4B | $-347.8M | ||
| Q1 25 | $3.3B | $-288.1M | ||
| Q4 24 | $3.3B | $-202.1M | ||
| Q3 24 | $3.3B | $-117.7M | ||
| Q2 24 | $3.2B | $-72.2M | ||
| Q1 24 | $2.9B | $936.0K |
| Q4 25 | $10.2B | $968.8M | ||
| Q3 25 | $10.1B | $973.0M | ||
| Q2 25 | $9.9B | $1.0B | ||
| Q1 25 | $9.6B | $1.1B | ||
| Q4 24 | $9.2B | $1.2B | ||
| Q3 24 | $9.1B | $1.0B | ||
| Q2 24 | $8.7B | $1.1B | ||
| Q1 24 | $8.3B | $1.2B |
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $-216.2M | $-58.3M |
| FCF MarginFCF / Revenue | -60.0% | -31.7% |
| Capex IntensityCapex / Revenue | 98.3% | 21.7% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $-18.4M | ||
| Q3 25 | $162.8M | $-37.1M | ||
| Q2 25 | $176.9M | $-62.9M | ||
| Q1 25 | $124.3M | $-47.9M | ||
| Q4 24 | $136.4M | $37.9M | ||
| Q3 24 | $201.9M | $-16.9M | ||
| Q2 24 | $146.4M | $-25.2M | ||
| Q1 24 | $109.7M | $-73.8M |
| Q4 25 | $-216.2M | $-58.3M | ||
| Q3 25 | $-127.9M | $-60.4M | ||
| Q2 25 | $-156.4M | $-78.6M | ||
| Q1 25 | $-77.0M | $-62.6M | ||
| Q4 24 | $-48.9M | $-70.2M | ||
| Q3 24 | $-16.1M | $-21.9M | ||
| Q2 24 | $-199.6M | $-30.8M | ||
| Q1 24 | $-150.3M | $-77.8M |
| Q4 25 | -60.0% | -31.7% | ||
| Q3 25 | -24.3% | -32.6% | ||
| Q2 25 | -34.8% | -41.5% | ||
| Q1 25 | -18.7% | -35.3% | ||
| Q4 24 | -13.0% | -34.3% | ||
| Q3 24 | -3.0% | -11.3% | ||
| Q2 24 | -45.1% | -15.7% | ||
| Q1 24 | -36.0% | -39.5% |
| Q4 25 | 98.3% | 21.7% | ||
| Q3 25 | 55.2% | 12.5% | ||
| Q2 25 | 74.2% | 8.3% | ||
| Q1 25 | 49.0% | 8.3% | ||
| Q4 24 | 49.3% | 52.8% | ||
| Q3 24 | 41.0% | 2.6% | ||
| Q2 24 | 78.2% | 2.9% | ||
| Q1 24 | 62.2% | 2.0% |
| Q4 25 | 3.16× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 3.60× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | 2.28× | — |
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% |
UP
Segment breakdown not available.
