vs

Side-by-side financial comparison of IDACORP INC (IDA) and VORNADO REALTY TRUST (VNO). Click either name above to swap in a different company.

VORNADO REALTY TRUST is the larger business by last-quarter revenue ($453.7M vs $360.1M, roughly 1.3× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs 1.1%, a 11.0% gap on every dollar of revenue. On growth, VORNADO REALTY TRUST posted the faster year-over-year revenue change (-0.9% vs -4.2%). Over the past eight quarters, VORNADO REALTY TRUST's revenue compounded faster (2.0% 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.

Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

IDA vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.3× larger
VNO
$453.7M
$360.1M
IDA
Growing faster (revenue YoY)
VNO
VNO
+3.3% gap
VNO
-0.9%
-4.2%
IDA
Higher net margin
IDA
IDA
11.0% more per $
IDA
12.1%
1.1%
VNO
Faster 2-yr revenue CAGR
VNO
VNO
Annualised
VNO
2.0%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDA
IDA
VNO
VNO
Revenue
$360.1M
$453.7M
Net Profit
$43.6M
$4.9M
Gross Margin
Operating Margin
14.9%
2.8%
Net Margin
12.1%
1.1%
Revenue YoY
-4.2%
-0.9%
Net Profit YoY
15.1%
-14.7%
EPS (diluted)
$0.78
$0.01

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
VNO
VNO
Q4 25
$360.1M
$453.7M
Q3 25
$526.4M
$453.7M
Q2 25
$449.3M
$441.4M
Q1 25
$411.1M
$461.6M
Q4 24
$375.9M
$457.8M
Q3 24
$532.5M
$443.3M
Q2 24
$442.6M
$450.3M
Q1 24
$417.9M
$436.4M
Net Profit
IDA
IDA
VNO
VNO
Q4 25
$43.6M
$4.9M
Q3 25
$124.4M
$27.1M
Q2 25
$95.8M
$759.3M
Q1 25
$59.6M
$102.4M
Q4 24
$37.9M
$5.8M
Q3 24
$113.6M
$-3.6M
Q2 24
$89.5M
$50.8M
Q1 24
$48.2M
$6.5M
Operating Margin
IDA
IDA
VNO
VNO
Q4 25
14.9%
2.8%
Q3 25
27.5%
3.0%
Q2 25
22.4%
Q1 25
13.4%
23.2%
Q4 24
11.0%
2.5%
Q3 24
25.1%
-3.3%
Q2 24
23.3%
10.1%
Q1 24
11.9%
0.1%
Net Margin
IDA
IDA
VNO
VNO
Q4 25
12.1%
1.1%
Q3 25
23.6%
6.0%
Q2 25
21.3%
172.0%
Q1 25
14.5%
22.2%
Q4 24
10.1%
1.3%
Q3 24
21.3%
-0.8%
Q2 24
20.2%
11.3%
Q1 24
11.5%
1.5%
EPS (diluted)
IDA
IDA
VNO
VNO
Q4 25
$0.78
$0.01
Q3 25
$2.26
$0.06
Q2 25
$1.76
$3.70
Q1 25
$1.10
$0.43
Q4 24
$0.72
$0.01
Q3 24
$2.12
$-0.10
Q2 24
$1.71
$0.18
Q1 24
$0.95
$-0.05

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$215.7M
$840.9M
Total DebtLower is stronger
$3.3B
$2.3B
Stockholders' EquityBook value
$3.6B
$6.0B
Total Assets
$10.2B
$15.5B
Debt / EquityLower = less leverage
0.93×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
VNO
VNO
Q4 25
$215.7M
$840.9M
Q3 25
$333.2M
$1.0B
Q2 25
$474.5M
$1.2B
Q1 25
$634.5M
$568.9M
Q4 24
$368.9M
$733.9M
Q3 24
$427.9M
$783.6M
Q2 24
$169.6M
$872.6M
Q1 24
$157.6M
$892.7M
Total Debt
IDA
IDA
VNO
VNO
Q4 25
$3.3B
$2.3B
Q3 25
$2.3B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$3.1B
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.6B
Stockholders' Equity
IDA
IDA
VNO
VNO
Q4 25
$3.6B
$6.0B
Q3 25
$3.5B
$6.1B
Q2 25
$3.4B
$6.1B
Q1 25
$3.3B
$5.3B
Q4 24
$3.3B
$5.2B
Q3 24
$3.3B
$5.3B
Q2 24
$3.2B
$5.6B
Q1 24
$2.9B
$5.5B
Total Assets
IDA
IDA
VNO
VNO
Q4 25
$10.2B
$15.5B
Q3 25
$10.1B
$15.7B
Q2 25
$9.9B
$15.6B
Q1 25
$9.6B
$15.6B
Q4 24
$9.2B
$16.0B
Q3 24
$9.1B
$16.1B
Q2 24
$8.7B
$16.2B
Q1 24
$8.3B
$16.2B
Debt / Equity
IDA
IDA
VNO
VNO
Q4 25
0.93×
0.38×
Q3 25
0.37×
Q2 25
0.35×
Q1 25
0.40×
Q4 24
0.92×
0.50×
Q3 24
0.49×
Q2 24
0.46×
Q1 24
0.46×

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
VNO
VNO
Operating Cash FlowLast quarter
$137.8M
$1.3B
Free Cash FlowOCF − Capex
$-216.2M
FCF MarginFCF / Revenue
-60.0%
Capex IntensityCapex / Revenue
98.3%
Cash ConversionOCF / Net Profit
3.16×
256.08×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
VNO
VNO
Q4 25
$137.8M
$1.3B
Q3 25
$162.8M
$33.2M
Q2 25
$176.9M
$1.0B
Q1 25
$124.3M
$52.0M
Q4 24
$136.4M
$537.7M
Q3 24
$201.9M
$105.4M
Q2 24
$146.4M
$194.7M
Q1 24
$109.7M
$31.5M
Free Cash Flow
IDA
IDA
VNO
VNO
Q4 25
$-216.2M
Q3 25
$-127.9M
Q2 25
$-156.4M
Q1 25
$-77.0M
Q4 24
$-48.9M
Q3 24
$-16.1M
Q2 24
$-199.6M
Q1 24
$-150.3M
FCF Margin
IDA
IDA
VNO
VNO
Q4 25
-60.0%
Q3 25
-24.3%
Q2 25
-34.8%
Q1 25
-18.7%
Q4 24
-13.0%
Q3 24
-3.0%
Q2 24
-45.1%
Q1 24
-36.0%
Capex Intensity
IDA
IDA
VNO
VNO
Q4 25
98.3%
Q3 25
55.2%
Q2 25
74.2%
Q1 25
49.0%
Q4 24
49.3%
Q3 24
41.0%
Q2 24
78.2%
Q1 24
62.2%
Cash Conversion
IDA
IDA
VNO
VNO
Q4 25
3.16×
256.08×
Q3 25
1.31×
1.22×
Q2 25
1.85×
1.35×
Q1 25
2.08×
0.51×
Q4 24
3.60×
93.39×
Q3 24
1.78×
Q2 24
1.63×
3.83×
Q1 24
2.28×
4.85×

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%

VNO
VNO

New York Segment$374.8M83%
Building Maintenance Service$41.2M9%
Other$27.7M6%
Tenant Services$11.1M2%
Management And Leasing Fees$2.6M1%

Related Comparisons