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Side-by-side financial comparison of IDACORP INC (IDA) and Varex Imaging Corp (VREX). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $209.6M, roughly 1.7× Varex Imaging Corp). IDACORP INC runs the higher net margin — 12.1% vs 1.1%, a 11.0% gap on every dollar of revenue. On growth, Varex Imaging Corp posted the faster year-over-year revenue change (4.9% vs -4.2%). Varex Imaging Corp produced more free cash flow last quarter ($-26.8M vs $-216.2M). Over the past eight quarters, Varex Imaging Corp's revenue compounded faster (0.8% 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.
Varex Imaging Corp is a global supplier of advanced imaging components and solutions, including X-ray tubes, digital flat panel detectors, and image processing software. Its products serve medical imaging, radiation oncology, and industrial non-destructive testing segments, with customers across key global markets.
IDA vs VREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $209.6M |
| Net Profit | $43.6M | $2.3M |
| Gross Margin | — | 33.3% |
| Operating Margin | 14.9% | 7.3% |
| Net Margin | 12.1% | 1.1% |
| Revenue YoY | -4.2% | 4.9% |
| Net Profit YoY | 15.1% | 866.7% |
| EPS (diluted) | $0.78 | $0.05 |
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 | — | $209.6M | ||
| Q4 25 | $360.1M | $228.9M | ||
| Q3 25 | $526.4M | $203.0M | ||
| Q2 25 | $449.3M | $212.9M | ||
| Q1 25 | $411.1M | $199.8M | ||
| Q4 24 | $375.9M | — | ||
| Q3 24 | $532.5M | $205.7M | ||
| Q2 24 | $442.6M | $209.1M |
| Q1 26 | — | $2.3M | ||
| Q4 25 | $43.6M | $12.2M | ||
| Q3 25 | $124.4M | $-89.1M | ||
| Q2 25 | $95.8M | $6.9M | ||
| Q1 25 | $59.6M | $-300.0K | ||
| Q4 24 | $37.9M | — | ||
| Q3 24 | $113.6M | $-51.1M | ||
| Q2 24 | $89.5M | $1.4M |
| Q1 26 | — | 33.3% | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 36.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 32.6% | ||
| Q2 24 | — | 32.0% |
| Q1 26 | — | 7.3% | ||
| Q4 25 | 14.9% | 8.6% | ||
| Q3 25 | 27.5% | -39.8% | ||
| Q2 25 | 22.4% | 10.4% | ||
| Q1 25 | 13.4% | 5.6% | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 25.1% | 5.3% | ||
| Q2 24 | 23.3% | 4.4% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 12.1% | 5.3% | ||
| Q3 25 | 23.6% | -43.9% | ||
| Q2 25 | 21.3% | 3.2% | ||
| Q1 25 | 14.5% | -0.2% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 21.3% | -24.8% | ||
| Q2 24 | 20.2% | 0.7% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.78 | $0.29 | ||
| Q3 25 | $2.26 | $-2.15 | ||
| Q2 25 | $1.76 | $0.17 | ||
| Q1 25 | $1.10 | $-0.01 | ||
| Q4 24 | $0.72 | — | ||
| Q3 24 | $2.12 | $-1.25 | ||
| Q2 24 | $1.71 | $0.03 |
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 | $125.6M |
| Total DebtLower is stronger | $3.3B | $367.6M |
| Stockholders' EquityBook value | $3.6B | $476.9M |
| Total Assets | $10.2B | $1.1B |
| Debt / EquityLower = less leverage | 0.93× | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $125.6M | ||
| Q4 25 | $215.7M | $155.1M | ||
| Q3 25 | $333.2M | $152.6M | ||
| Q2 25 | $474.5M | $223.0M | ||
| Q1 25 | $634.5M | $212.6M | ||
| Q4 24 | $368.9M | — | ||
| Q3 24 | $427.9M | $200.5M | ||
| Q2 24 | $169.6M | $190.0M |
| Q1 26 | — | $367.6M | ||
| Q4 25 | $3.3B | $367.5M | ||
| Q3 25 | — | $367.5M | ||
| Q2 25 | — | $567.2M | ||
| Q1 25 | — | $567.0M | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | $443.4M | ||
| Q2 24 | — | $443.1M |
| Q1 26 | — | $476.9M | ||
| Q4 25 | $3.6B | $472.6M | ||
| Q3 25 | $3.5B | $455.3M | ||
| Q2 25 | $3.4B | $549.7M | ||
| Q1 25 | $3.3B | $540.2M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $529.1M | ||
| Q2 24 | $3.2B | $581.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $10.2B | $1.1B | ||
| Q3 25 | $10.1B | $1.1B | ||
| Q2 25 | $9.9B | $1.4B | ||
| Q1 25 | $9.6B | $1.3B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $9.1B | $1.2B | ||
| Q2 24 | $8.7B | $1.3B |
| Q1 26 | — | 0.77× | ||
| Q4 25 | 0.93× | 0.78× | ||
| Q3 25 | — | 0.81× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.76× |
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 | $-16.1M |
| Free Cash FlowOCF − Capex | $-216.2M | $-26.8M |
| FCF MarginFCF / Revenue | -60.0% | -12.8% |
| Capex IntensityCapex / Revenue | 98.3% | 5.1% |
| Cash ConversionOCF / Net Profit | 3.16× | -7.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $-13.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-16.1M | ||
| Q4 25 | $137.8M | $7.9M | ||
| Q3 25 | $162.8M | $7.7M | ||
| Q2 25 | $176.9M | $16.6M | ||
| Q1 25 | $124.3M | $9.5M | ||
| Q4 24 | $136.4M | — | ||
| Q3 24 | $201.9M | $25.9M | ||
| Q2 24 | $146.4M | $8.0M |
| Q1 26 | — | $-26.8M | ||
| Q4 25 | $-216.2M | $2.3M | ||
| Q3 25 | $-127.9M | $1.4M | ||
| Q2 25 | $-156.4M | $9.8M | ||
| Q1 25 | $-77.0M | $5.3M | ||
| Q4 24 | $-48.9M | — | ||
| Q3 24 | $-16.1M | $19.9M | ||
| Q2 24 | $-199.6M | $3.3M |
| Q1 26 | — | -12.8% | ||
| Q4 25 | -60.0% | 1.0% | ||
| Q3 25 | -24.3% | 0.7% | ||
| Q2 25 | -34.8% | 4.6% | ||
| Q1 25 | -18.7% | 2.7% | ||
| Q4 24 | -13.0% | — | ||
| Q3 24 | -3.0% | 9.7% | ||
| Q2 24 | -45.1% | 1.6% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 98.3% | 2.4% | ||
| Q3 25 | 55.2% | 3.1% | ||
| Q2 25 | 74.2% | 3.2% | ||
| Q1 25 | 49.0% | 2.1% | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 41.0% | 2.9% | ||
| Q2 24 | 78.2% | 2.2% |
| Q1 26 | — | -7.00× | ||
| Q4 25 | 3.16× | 0.65× | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.85× | 2.41× | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 3.60× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 1.63× | 5.71× |
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% |
VREX
| Medical Segment | $144.8M | 69% |
| Industrial Segment | $64.8M | 31% |
