vs
Side-by-side financial comparison of IDACORP INC (IDA) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $199.5M, roughly 1.8× VIRTUS INVESTMENT PARTNERS, INC.). IDACORP INC runs the higher net margin — 12.1% vs 3.6%, a 8.6% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-4.1% vs -4.2%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% 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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
IDA vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $199.5M |
| Net Profit | $43.6M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | 7.7% |
| Net Margin | 12.1% | 3.6% |
| Revenue YoY | -4.2% | -4.1% |
| Net Profit YoY | 15.1% | -78.1% |
| EPS (diluted) | $0.78 | $1.05 |
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 | — | $199.5M | ||
| Q4 25 | $360.1M | $208.0M | ||
| Q3 25 | $526.4M | $216.4M | ||
| Q2 25 | $449.3M | $210.5M | ||
| Q1 25 | $411.1M | $217.9M | ||
| Q4 24 | $375.9M | $233.5M | ||
| Q3 24 | $532.5M | $227.0M | ||
| Q2 24 | $442.6M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $43.6M | $33.9M | ||
| Q3 25 | $124.4M | $31.3M | ||
| Q2 25 | $95.8M | $42.7M | ||
| Q1 25 | $59.6M | $28.1M | ||
| Q4 24 | $37.9M | $39.5M | ||
| Q3 24 | $113.6M | $49.1M | ||
| Q2 24 | $89.5M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 14.9% | 19.1% | ||
| Q3 25 | 27.5% | 21.7% | ||
| Q2 25 | 22.4% | 21.5% | ||
| Q1 25 | 13.4% | 16.8% | ||
| Q4 24 | 11.0% | 21.7% | ||
| Q3 24 | 25.1% | 24.3% | ||
| Q2 24 | 23.3% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 12.1% | 16.3% | ||
| Q3 25 | 23.6% | 14.5% | ||
| Q2 25 | 21.3% | 20.3% | ||
| Q1 25 | 14.5% | 12.9% | ||
| Q4 24 | 10.1% | 16.9% | ||
| Q3 24 | 21.3% | 21.6% | ||
| Q2 24 | 20.2% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.78 | $5.15 | ||
| Q3 25 | $2.26 | $4.65 | ||
| Q2 25 | $1.76 | $6.12 | ||
| Q1 25 | $1.10 | $4.05 | ||
| Q4 24 | $0.72 | $4.65 | ||
| Q3 24 | $2.12 | $5.71 | ||
| Q2 24 | $1.71 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | $93.6B |
| Total Assets | $10.2B | — |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $215.7M | — | ||
| Q3 25 | $333.2M | — | ||
| Q2 25 | $474.5M | — | ||
| Q1 25 | $634.5M | — | ||
| Q4 24 | $368.9M | — | ||
| Q3 24 | $427.9M | — | ||
| Q2 24 | $169.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $3.1B | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $3.6B | $934.0M | ||
| Q3 25 | $3.5B | $918.7M | ||
| Q2 25 | $3.4B | $896.4M | ||
| Q1 25 | $3.3B | $893.7M | ||
| Q4 24 | $3.3B | $897.5M | ||
| Q3 24 | $3.3B | $889.0M | ||
| Q2 24 | $3.2B | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $10.2B | $4.3B | ||
| Q3 25 | $10.1B | $3.9B | ||
| Q2 25 | $9.9B | $3.7B | ||
| Q1 25 | $9.6B | $3.7B | ||
| Q4 24 | $9.2B | $4.0B | ||
| Q3 24 | $9.1B | $3.6B | ||
| Q2 24 | $8.7B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.93× | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 0.92× | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| Free Cash FlowOCF − Capex | $-216.2M | — |
| FCF MarginFCF / Revenue | -60.0% | — |
| Capex IntensityCapex / Revenue | 98.3% | — |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $137.8M | $-67.2M | ||
| Q3 25 | $162.8M | $108.3M | ||
| Q2 25 | $176.9M | $75.8M | ||
| Q1 25 | $124.3M | $-3.8M | ||
| Q4 24 | $136.4M | $1.8M | ||
| Q3 24 | $201.9M | $69.1M | ||
| Q2 24 | $146.4M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-216.2M | $-74.1M | ||
| Q3 25 | $-127.9M | $106.9M | ||
| Q2 25 | $-156.4M | $74.2M | ||
| Q1 25 | $-77.0M | $-6.8M | ||
| Q4 24 | $-48.9M | $-3.8M | ||
| Q3 24 | $-16.1M | $68.7M | ||
| Q2 24 | $-199.6M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -60.0% | -35.6% | ||
| Q3 25 | -24.3% | 49.4% | ||
| Q2 25 | -34.8% | 35.2% | ||
| Q1 25 | -18.7% | -3.1% | ||
| Q4 24 | -13.0% | -1.6% | ||
| Q3 24 | -3.0% | 30.3% | ||
| Q2 24 | -45.1% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 98.3% | 3.3% | ||
| Q3 25 | 55.2% | 0.7% | ||
| Q2 25 | 74.2% | 0.7% | ||
| Q1 25 | 49.0% | 1.4% | ||
| Q4 24 | 49.3% | 2.4% | ||
| Q3 24 | 41.0% | 0.2% | ||
| Q2 24 | 78.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.16× | -1.99× | ||
| Q3 25 | 1.31× | 3.45× | ||
| Q2 25 | 1.85× | 1.77× | ||
| Q1 25 | 2.08× | -0.13× | ||
| Q4 24 | 3.60× | 0.04× | ||
| Q3 24 | 1.78× | 1.41× | ||
| Q2 24 | 1.63× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
