vs

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

IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $198.4M, roughly 1.8× UPWORK, INC). IDACORP INC runs the higher net margin — 12.1% vs 7.9%, a 4.2% gap on every dollar of revenue. On growth, UPWORK, INC posted the faster year-over-year revenue change (3.6% vs -4.2%). UPWORK, INC produced more free cash flow last quarter ($63.2M vs $-216.2M). Over the past eight quarters, UPWORK, INC's revenue compounded faster (1.9% 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.

Upwork Inc. is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015.

IDA vs UPWK — Head-to-Head

Bigger by revenue
IDA
IDA
1.8× larger
IDA
$360.1M
$198.4M
UPWK
Growing faster (revenue YoY)
UPWK
UPWK
+7.8% gap
UPWK
3.6%
-4.2%
IDA
Higher net margin
IDA
IDA
4.2% more per $
IDA
12.1%
7.9%
UPWK
More free cash flow
UPWK
UPWK
$279.4M more FCF
UPWK
$63.2M
$-216.2M
IDA
Faster 2-yr revenue CAGR
UPWK
UPWK
Annualised
UPWK
1.9%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDA
IDA
UPWK
UPWK
Revenue
$360.1M
$198.4M
Net Profit
$43.6M
$15.6M
Gross Margin
78.0%
Operating Margin
14.9%
14.3%
Net Margin
12.1%
7.9%
Revenue YoY
-4.2%
3.6%
Net Profit YoY
15.1%
-89.4%
EPS (diluted)
$0.78
$0.12

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
UPWK
UPWK
Q4 25
$360.1M
$198.4M
Q3 25
$526.4M
$201.7M
Q2 25
$449.3M
$194.9M
Q1 25
$411.1M
$192.7M
Q4 24
$375.9M
$191.5M
Q3 24
$532.5M
$193.8M
Q2 24
$442.6M
$193.1M
Q1 24
$417.9M
$190.9M
Net Profit
IDA
IDA
UPWK
UPWK
Q4 25
$43.6M
$15.6M
Q3 25
$124.4M
$29.3M
Q2 25
$95.8M
$32.7M
Q1 25
$59.6M
$37.7M
Q4 24
$37.9M
$147.2M
Q3 24
$113.6M
$27.8M
Q2 24
$89.5M
$22.2M
Q1 24
$48.2M
$18.4M
Gross Margin
IDA
IDA
UPWK
UPWK
Q4 25
78.0%
Q3 25
77.3%
Q2 25
77.7%
Q1 25
78.3%
Q4 24
77.7%
Q3 24
77.6%
Q2 24
77.3%
Q1 24
76.9%
Operating Margin
IDA
IDA
UPWK
UPWK
Q4 25
14.9%
14.3%
Q3 25
27.5%
14.8%
Q2 25
22.4%
16.7%
Q1 25
13.4%
20.1%
Q4 24
11.0%
7.1%
Q3 24
25.1%
10.7%
Q2 24
23.3%
9.2%
Q1 24
11.9%
6.8%
Net Margin
IDA
IDA
UPWK
UPWK
Q4 25
12.1%
7.9%
Q3 25
23.6%
14.5%
Q2 25
21.3%
16.8%
Q1 25
14.5%
19.6%
Q4 24
10.1%
76.9%
Q3 24
21.3%
14.3%
Q2 24
20.2%
11.5%
Q1 24
11.5%
9.7%
EPS (diluted)
IDA
IDA
UPWK
UPWK
Q4 25
$0.78
$0.12
Q3 25
$2.26
$0.21
Q2 25
$1.76
$0.24
Q1 25
$1.10
$0.27
Q4 24
$0.72
$1.02
Q3 24
$2.12
$0.20
Q2 24
$1.71
$0.17
Q1 24
$0.95
$0.13

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
UPWK
UPWK
Cash + ST InvestmentsLiquidity on hand
$215.7M
$672.8M
Total DebtLower is stronger
$3.3B
$359.8M
Stockholders' EquityBook value
$3.6B
$630.3M
Total Assets
$10.2B
$1.3B
Debt / EquityLower = less leverage
0.93×
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
UPWK
UPWK
Q4 25
$215.7M
$672.8M
Q3 25
$333.2M
$643.1M
Q2 25
$474.5M
$634.6M
Q1 25
$634.5M
$622.1M
Q4 24
$368.9M
$622.1M
Q3 24
$427.9M
$601.2M
Q2 24
$169.6M
$497.7M
Q1 24
$157.6M
$490.6M
Total Debt
IDA
IDA
UPWK
UPWK
Q4 25
$3.3B
$359.8M
Q3 25
$359.3M
Q2 25
Q1 25
Q4 24
$3.1B
$357.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IDA
IDA
UPWK
UPWK
Q4 25
$3.6B
$630.3M
Q3 25
$3.5B
$628.1M
Q2 25
$3.4B
$608.7M
Q1 25
$3.3B
$594.3M
Q4 24
$3.3B
$575.4M
Q3 24
$3.3B
$411.2M
Q2 24
$3.2B
$361.1M
Q1 24
$2.9B
$348.9M
Total Assets
IDA
IDA
UPWK
UPWK
Q4 25
$10.2B
$1.3B
Q3 25
$10.1B
$1.3B
Q2 25
$9.9B
$1.3B
Q1 25
$9.6B
$1.2B
Q4 24
$9.2B
$1.2B
Q3 24
$9.1B
$1.1B
Q2 24
$8.7B
$1.0B
Q1 24
$8.3B
$1.0B
Debt / Equity
IDA
IDA
UPWK
UPWK
Q4 25
0.93×
0.57×
Q3 25
0.57×
Q2 25
Q1 25
Q4 24
0.92×
0.62×
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
UPWK
UPWK
Operating Cash FlowLast quarter
$137.8M
$63.7M
Free Cash FlowOCF − Capex
$-216.2M
$63.2M
FCF MarginFCF / Revenue
-60.0%
31.9%
Capex IntensityCapex / Revenue
98.3%
0.2%
Cash ConversionOCF / Net Profit
3.16×
4.07×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M
$242.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
UPWK
UPWK
Q4 25
$137.8M
$63.7M
Q3 25
$162.8M
$75.1M
Q2 25
$176.9M
$72.5M
Q1 25
$124.3M
$37.0M
Q4 24
$136.4M
$38.6M
Q3 24
$201.9M
$61.0M
Q2 24
$146.4M
$39.2M
Q1 24
$109.7M
$14.8M
Free Cash Flow
IDA
IDA
UPWK
UPWK
Q4 25
$-216.2M
$63.2M
Q3 25
$-127.9M
$74.6M
Q2 25
$-156.4M
$70.1M
Q1 25
$-77.0M
$34.5M
Q4 24
$-48.9M
$37.0M
Q3 24
$-16.1M
$59.8M
Q2 24
$-199.6M
$38.6M
Q1 24
$-150.3M
$14.6M
FCF Margin
IDA
IDA
UPWK
UPWK
Q4 25
-60.0%
31.9%
Q3 25
-24.3%
37.0%
Q2 25
-34.8%
36.0%
Q1 25
-18.7%
17.9%
Q4 24
-13.0%
19.3%
Q3 24
-3.0%
30.8%
Q2 24
-45.1%
20.0%
Q1 24
-36.0%
7.7%
Capex Intensity
IDA
IDA
UPWK
UPWK
Q4 25
98.3%
0.2%
Q3 25
55.2%
0.2%
Q2 25
74.2%
1.2%
Q1 25
49.0%
1.3%
Q4 24
49.3%
0.8%
Q3 24
41.0%
0.6%
Q2 24
78.2%
0.3%
Q1 24
62.2%
0.1%
Cash Conversion
IDA
IDA
UPWK
UPWK
Q4 25
3.16×
4.07×
Q3 25
1.31×
2.56×
Q2 25
1.85×
2.22×
Q1 25
2.08×
0.98×
Q4 24
3.60×
0.26×
Q3 24
1.78×
2.20×
Q2 24
1.63×
1.76×
Q1 24
2.28×
0.80×

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%

UPWK
UPWK

Segment breakdown not available.

Related Comparisons