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Side-by-side financial comparison of IDACORP INC (IDA) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.

WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $360.1M, roughly 1.7× IDACORP INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 12.1%, a 1.3% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -4.2%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-216.2M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% 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.

AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...

IDA vs WTS — Head-to-Head

Bigger by revenue
WTS
WTS
1.7× larger
WTS
$625.1M
$360.1M
IDA
Growing faster (revenue YoY)
WTS
WTS
+19.9% gap
WTS
15.7%
-4.2%
IDA
Higher net margin
WTS
WTS
1.3% more per $
WTS
13.4%
12.1%
IDA
More free cash flow
WTS
WTS
$356.5M more FCF
WTS
$140.3M
$-216.2M
IDA
Faster 2-yr revenue CAGR
WTS
WTS
Annualised
WTS
4.6%
-7.2%
IDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IDA
IDA
WTS
WTS
Revenue
$360.1M
$625.1M
Net Profit
$43.6M
$83.7M
Gross Margin
49.5%
Operating Margin
14.9%
18.2%
Net Margin
12.1%
13.4%
Revenue YoY
-4.2%
15.7%
Net Profit YoY
15.1%
24.0%
EPS (diluted)
$0.78
$2.50

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
WTS
WTS
Q4 25
$360.1M
$625.1M
Q3 25
$526.4M
$611.7M
Q2 25
$449.3M
$643.7M
Q1 25
$411.1M
$558.0M
Q4 24
$375.9M
$540.4M
Q3 24
$532.5M
$543.6M
Q2 24
$442.6M
$597.3M
Q1 24
$417.9M
$570.9M
Net Profit
IDA
IDA
WTS
WTS
Q4 25
$43.6M
$83.7M
Q3 25
$124.4M
$82.2M
Q2 25
$95.8M
$100.9M
Q1 25
$59.6M
$74.0M
Q4 24
$37.9M
$67.5M
Q3 24
$113.6M
$69.1M
Q2 24
$89.5M
$82.0M
Q1 24
$48.2M
$72.6M
Gross Margin
IDA
IDA
WTS
WTS
Q4 25
49.5%
Q3 25
48.8%
Q2 25
50.6%
Q1 25
48.8%
Q4 24
46.7%
Q3 24
47.3%
Q2 24
47.7%
Q1 24
46.9%
Operating Margin
IDA
IDA
WTS
WTS
Q4 25
14.9%
18.2%
Q3 25
27.5%
18.2%
Q2 25
22.4%
21.0%
Q1 25
13.4%
15.7%
Q4 24
11.0%
16.5%
Q3 24
25.1%
17.1%
Q2 24
23.3%
18.7%
Q1 24
11.9%
16.9%
Net Margin
IDA
IDA
WTS
WTS
Q4 25
12.1%
13.4%
Q3 25
23.6%
13.4%
Q2 25
21.3%
15.7%
Q1 25
14.5%
13.3%
Q4 24
10.1%
12.5%
Q3 24
21.3%
12.7%
Q2 24
20.2%
13.7%
Q1 24
11.5%
12.7%
EPS (diluted)
IDA
IDA
WTS
WTS
Q4 25
$0.78
$2.50
Q3 25
$2.26
$2.45
Q2 25
$1.76
$3.01
Q1 25
$1.10
$2.21
Q4 24
$0.72
$2.02
Q3 24
$2.12
$2.06
Q2 24
$1.71
$2.44
Q1 24
$0.95
$2.17

Balance Sheet & Financial Strength

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

Metric
IDA
IDA
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$215.7M
$405.5M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$3.6B
$2.0B
Total Assets
$10.2B
$2.9B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDA
IDA
WTS
WTS
Q4 25
$215.7M
$405.5M
Q3 25
$333.2M
$457.7M
Q2 25
$474.5M
$369.3M
Q1 25
$634.5M
$336.8M
Q4 24
$368.9M
$386.9M
Q3 24
$427.9M
$303.9M
Q2 24
$169.6M
$279.4M
Q1 24
$157.6M
$237.1M
Total Debt
IDA
IDA
WTS
WTS
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IDA
IDA
WTS
WTS
Q4 25
$3.6B
$2.0B
Q3 25
$3.5B
$2.0B
Q2 25
$3.4B
$1.9B
Q1 25
$3.3B
$1.8B
Q4 24
$3.3B
$1.7B
Q3 24
$3.3B
$1.7B
Q2 24
$3.2B
$1.6B
Q1 24
$2.9B
$1.6B
Total Assets
IDA
IDA
WTS
WTS
Q4 25
$10.2B
$2.9B
Q3 25
$10.1B
$2.7B
Q2 25
$9.9B
$2.6B
Q1 25
$9.6B
$2.5B
Q4 24
$9.2B
$2.4B
Q3 24
$9.1B
$2.4B
Q2 24
$8.7B
$2.4B
Q1 24
$8.3B
$2.3B
Debt / Equity
IDA
IDA
WTS
WTS
Q4 25
0.93×
Q3 25
Q2 25
Q1 25
Q4 24
0.92×
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
WTS
WTS
Operating Cash FlowLast quarter
$137.8M
$154.7M
Free Cash FlowOCF − Capex
$-216.2M
$140.3M
FCF MarginFCF / Revenue
-60.0%
22.4%
Capex IntensityCapex / Revenue
98.3%
2.3%
Cash ConversionOCF / Net Profit
3.16×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDA
IDA
WTS
WTS
Q4 25
$137.8M
$154.7M
Q3 25
$162.8M
$122.4M
Q2 25
$176.9M
$69.7M
Q1 25
$124.3M
$55.2M
Q4 24
$136.4M
$139.5M
Q3 24
$201.9M
$90.7M
Q2 24
$146.4M
$85.3M
Q1 24
$109.7M
$45.6M
Free Cash Flow
IDA
IDA
WTS
WTS
Q4 25
$-216.2M
$140.3M
Q3 25
$-127.9M
$110.9M
Q2 25
$-156.4M
$59.5M
Q1 25
$-77.0M
$45.6M
Q4 24
$-48.9M
$127.5M
Q3 24
$-16.1M
$84.3M
Q2 24
$-199.6M
$78.5M
Q1 24
$-150.3M
$35.5M
FCF Margin
IDA
IDA
WTS
WTS
Q4 25
-60.0%
22.4%
Q3 25
-24.3%
18.1%
Q2 25
-34.8%
9.2%
Q1 25
-18.7%
8.2%
Q4 24
-13.0%
23.6%
Q3 24
-3.0%
15.5%
Q2 24
-45.1%
13.1%
Q1 24
-36.0%
6.2%
Capex Intensity
IDA
IDA
WTS
WTS
Q4 25
98.3%
2.3%
Q3 25
55.2%
1.9%
Q2 25
74.2%
1.6%
Q1 25
49.0%
1.7%
Q4 24
49.3%
2.2%
Q3 24
41.0%
1.2%
Q2 24
78.2%
1.1%
Q1 24
62.2%
1.8%
Cash Conversion
IDA
IDA
WTS
WTS
Q4 25
3.16×
1.85×
Q3 25
1.31×
1.49×
Q2 25
1.85×
0.69×
Q1 25
2.08×
0.75×
Q4 24
3.60×
2.07×
Q3 24
1.78×
1.31×
Q2 24
1.63×
1.04×
Q1 24
2.28×
0.63×

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%

WTS
WTS

Segment breakdown not available.

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