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Side-by-side financial comparison of IDACORP INC (IDA) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $360.1M, roughly 1.2× IDACORP INC). W. P. Carey Inc. runs the higher net margin — 33.4% vs 12.1%, a 21.3% gap on every dollar of revenue. On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% vs -4.2%). Over the past eight quarters, W. P. Carey Inc.'s revenue compounded faster (6.8% 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.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

IDA vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.2× larger
WPC
$444.5M
$360.1M
IDA
Growing faster (revenue YoY)
WPC
WPC
+13.6% gap
WPC
9.4%
-4.2%
IDA
Higher net margin
WPC
WPC
21.3% more per $
WPC
33.4%
12.1%
IDA
Faster 2-yr revenue CAGR
WPC
WPC
Annualised
WPC
6.8%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDA
IDA
WPC
WPC
Revenue
$360.1M
$444.5M
Net Profit
$43.6M
$148.3M
Gross Margin
Operating Margin
14.9%
34.5%
Net Margin
12.1%
33.4%
Revenue YoY
-4.2%
9.4%
Net Profit YoY
15.1%
215.4%
EPS (diluted)
$0.78

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
WPC
WPC
Q4 25
$360.1M
$444.5M
Q3 25
$526.4M
$431.3M
Q2 25
$449.3M
$430.8M
Q1 25
$411.1M
$409.9M
Q4 24
$375.9M
$406.2M
Q3 24
$532.5M
$397.4M
Q2 24
$442.6M
$389.7M
Q1 24
$417.9M
$389.8M
Net Profit
IDA
IDA
WPC
WPC
Q4 25
$43.6M
$148.3M
Q3 25
$124.4M
$141.0M
Q2 25
$95.8M
$51.2M
Q1 25
$59.6M
$125.8M
Q4 24
$37.9M
$47.0M
Q3 24
$113.6M
$111.7M
Q2 24
$89.5M
$142.9M
Q1 24
$48.2M
$159.2M
Operating Margin
IDA
IDA
WPC
WPC
Q4 25
14.9%
34.5%
Q3 25
27.5%
34.7%
Q2 25
22.4%
15.0%
Q1 25
13.4%
33.5%
Q4 24
11.0%
13.5%
Q3 24
25.1%
30.4%
Q2 24
23.3%
38.3%
Q1 24
11.9%
43.0%
Net Margin
IDA
IDA
WPC
WPC
Q4 25
12.1%
33.4%
Q3 25
23.6%
32.7%
Q2 25
21.3%
11.9%
Q1 25
14.5%
30.7%
Q4 24
10.1%
11.6%
Q3 24
21.3%
28.1%
Q2 24
20.2%
36.7%
Q1 24
11.5%
40.8%
EPS (diluted)
IDA
IDA
WPC
WPC
Q4 25
$0.78
Q3 25
$2.26
Q2 25
$1.76
Q1 25
$1.10
Q4 24
$0.72
Q3 24
$2.12
Q2 24
$1.71
Q1 24
$0.95

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$215.7M
$155.3M
Total DebtLower is stronger
$3.3B
$8.7B
Stockholders' EquityBook value
$3.6B
$8.1B
Total Assets
$10.2B
$18.0B
Debt / EquityLower = less leverage
0.93×
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
WPC
WPC
Q4 25
$215.7M
$155.3M
Q3 25
$333.2M
$249.0M
Q2 25
$474.5M
$244.8M
Q1 25
$634.5M
$187.8M
Q4 24
$368.9M
$640.4M
Q3 24
$427.9M
$818.2M
Q2 24
$169.6M
$1.1B
Q1 24
$157.6M
$777.0M
Total Debt
IDA
IDA
WPC
WPC
Q4 25
$3.3B
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$3.1B
$8.0B
Q3 24
$8.0B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
IDA
IDA
WPC
WPC
Q4 25
$3.6B
$8.1B
Q3 25
$3.5B
$8.2B
Q2 25
$3.4B
$8.2B
Q1 25
$3.3B
$8.4B
Q4 24
$3.3B
$8.4B
Q3 24
$3.3B
$8.6B
Q2 24
$3.2B
$8.6B
Q1 24
$2.9B
$8.7B
Total Assets
IDA
IDA
WPC
WPC
Q4 25
$10.2B
$18.0B
Q3 25
$10.1B
$18.0B
Q2 25
$9.9B
$18.0B
Q1 25
$9.6B
$17.3B
Q4 24
$9.2B
$17.5B
Q3 24
$9.1B
$17.6B
Q2 24
$8.7B
$17.8B
Q1 24
$8.3B
$17.6B
Debt / Equity
IDA
IDA
WPC
WPC
Q4 25
0.93×
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
0.92×
0.95×
Q3 24
0.93×
Q2 24
0.94×
Q1 24
0.91×

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
WPC
WPC
Operating Cash FlowLast quarter
$137.8M
$304.6M
Free Cash FlowOCF − Capex
$-216.2M
FCF MarginFCF / Revenue
-60.0%
Capex IntensityCapex / Revenue
98.3%
Cash ConversionOCF / Net Profit
3.16×
2.05×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
WPC
WPC
Q4 25
$137.8M
$304.6M
Q3 25
$162.8M
$300.5M
Q2 25
$176.9M
$404.0M
Q1 25
$124.3M
$273.2M
Q4 24
$136.4M
$296.3M
Q3 24
$201.9M
$280.2M
Q2 24
$146.4M
$221.0M
Q1 24
$109.7M
$1.0B
Free Cash Flow
IDA
IDA
WPC
WPC
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
WPC
WPC
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
WPC
WPC
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
WPC
WPC
Q4 25
3.16×
2.05×
Q3 25
1.31×
2.13×
Q2 25
1.85×
7.89×
Q1 25
2.08×
2.17×
Q4 24
3.60×
6.30×
Q3 24
1.78×
2.51×
Q2 24
1.63×
1.55×
Q1 24
2.28×
6.50×

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%

WPC
WPC

Segment breakdown not available.

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