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Side-by-side financial comparison of IDACORP INC (IDA) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $296.1M, roughly 1.2× Upstart Holdings, Inc.). IDACORP INC runs the higher net margin — 12.1% vs 6.3%, a 5.8% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs -4.2%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $-216.2M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% 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.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
IDA vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $296.1M |
| Net Profit | $43.6M | $18.6M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | 6.4% |
| Net Margin | 12.1% | 6.3% |
| Revenue YoY | -4.2% | 35.2% |
| Net Profit YoY | 15.1% | 776.4% |
| EPS (diluted) | $0.78 | $0.20 |
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 | $296.1M | ||
| Q3 25 | $526.4M | $277.1M | ||
| Q2 25 | $449.3M | $257.3M | ||
| Q1 25 | $411.1M | $213.4M | ||
| Q4 24 | $375.9M | $219.0M | ||
| Q3 24 | $532.5M | $162.1M | ||
| Q2 24 | $442.6M | $127.6M | ||
| Q1 24 | $417.9M | $127.8M |
| Q4 25 | $43.6M | $18.6M | ||
| Q3 25 | $124.4M | $31.8M | ||
| Q2 25 | $95.8M | $5.6M | ||
| Q1 25 | $59.6M | $-2.4M | ||
| Q4 24 | $37.9M | $-2.8M | ||
| Q3 24 | $113.6M | $-6.8M | ||
| Q2 24 | $89.5M | $-54.5M | ||
| Q1 24 | $48.2M | $-64.6M |
| Q4 25 | 14.9% | 6.4% | ||
| Q3 25 | 27.5% | 8.5% | ||
| Q2 25 | 22.4% | 1.8% | ||
| Q1 25 | 13.4% | -2.1% | ||
| Q4 24 | 11.0% | -2.2% | ||
| Q3 24 | 25.1% | -27.8% | ||
| Q2 24 | 23.3% | -43.5% | ||
| Q1 24 | 11.9% | -52.8% |
| Q4 25 | 12.1% | 6.3% | ||
| Q3 25 | 23.6% | 11.5% | ||
| Q2 25 | 21.3% | 2.2% | ||
| Q1 25 | 14.5% | -1.1% | ||
| Q4 24 | 10.1% | -1.3% | ||
| Q3 24 | 21.3% | -4.2% | ||
| Q2 24 | 20.2% | -42.7% | ||
| Q1 24 | 11.5% | -50.5% |
| Q4 25 | $0.78 | $0.20 | ||
| Q3 25 | $2.26 | $0.23 | ||
| Q2 25 | $1.76 | $0.05 | ||
| Q1 25 | $1.10 | $-0.03 | ||
| Q4 24 | $0.72 | $-0.01 | ||
| Q3 24 | $2.12 | $-0.07 | ||
| Q2 24 | $1.71 | $-0.62 | ||
| Q1 24 | $0.95 | $-0.74 |
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 | $652.4M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | $798.8M |
| Total Assets | $10.2B | $3.0B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $652.4M | ||
| Q3 25 | $333.2M | $489.8M | ||
| Q2 25 | $474.5M | $395.9M | ||
| Q1 25 | $634.5M | $599.8M | ||
| Q4 24 | $368.9M | $788.4M | ||
| Q3 24 | $427.9M | — | ||
| Q2 24 | $169.6M | — | ||
| Q1 24 | $157.6M | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.6B | $798.8M | ||
| Q3 25 | $3.5B | $743.7M | ||
| Q2 25 | $3.4B | $722.0M | ||
| Q1 25 | $3.3B | $676.6M | ||
| Q4 24 | $3.3B | $633.2M | ||
| Q3 24 | $3.3B | $595.5M | ||
| Q2 24 | $3.2B | $594.7M | ||
| Q1 24 | $2.9B | $612.8M |
| Q4 25 | $10.2B | $3.0B | ||
| Q3 25 | $10.1B | $2.9B | ||
| Q2 25 | $9.9B | $2.5B | ||
| Q1 25 | $9.6B | $2.3B | ||
| Q4 24 | $9.2B | $2.4B | ||
| Q3 24 | $9.1B | $1.8B | ||
| Q2 24 | $8.7B | $1.8B | ||
| Q1 24 | $8.3B | $1.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $137.8M | $108.6M |
| Free Cash FlowOCF − Capex | $-216.2M | $108.4M |
| FCF MarginFCF / Revenue | -60.0% | 36.6% |
| Capex IntensityCapex / Revenue | 98.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.16× | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $108.6M | ||
| Q3 25 | $162.8M | $-122.6M | ||
| Q2 25 | $176.9M | $-120.2M | ||
| Q1 25 | $124.3M | $-13.5M | ||
| Q4 24 | $136.4M | $-110.9M | ||
| Q3 24 | $201.9M | $179.3M | ||
| Q2 24 | $146.4M | $65.3M | ||
| Q1 24 | $109.7M | $52.6M |
| Q4 25 | $-216.2M | $108.4M | ||
| Q3 25 | $-127.9M | $-122.7M | ||
| Q2 25 | $-156.4M | $-120.3M | ||
| Q1 25 | $-77.0M | — | ||
| Q4 24 | $-48.9M | — | ||
| Q3 24 | $-16.1M | $179.2M | ||
| Q2 24 | $-199.6M | $65.3M | ||
| Q1 24 | $-150.3M | $51.9M |
| Q4 25 | -60.0% | 36.6% | ||
| Q3 25 | -24.3% | -44.3% | ||
| Q2 25 | -34.8% | -46.7% | ||
| Q1 25 | -18.7% | — | ||
| Q4 24 | -13.0% | — | ||
| Q3 24 | -3.0% | 110.5% | ||
| Q2 24 | -45.1% | 51.1% | ||
| Q1 24 | -36.0% | 40.6% |
| Q4 25 | 98.3% | 0.1% | ||
| Q3 25 | 55.2% | 0.0% | ||
| Q2 25 | 74.2% | 0.0% | ||
| Q1 25 | 49.0% | 0.0% | ||
| Q4 24 | 49.3% | 0.0% | ||
| Q3 24 | 41.0% | 0.1% | ||
| Q2 24 | 78.2% | 0.0% | ||
| Q1 24 | 62.2% | 0.5% |
| Q4 25 | 3.16× | 5.82× | ||
| Q3 25 | 1.31× | -3.86× | ||
| Q2 25 | 1.85× | -21.43× | ||
| 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% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
