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IDACORP INC（IDA）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
IDACORP INC的季度营收约是PLUG POWER INC的1.6倍（$360.1M vs $225.2M），IDACORP INC净利率更高（12.1% vs -375.6%，领先387.7%），PLUG POWER INC同比增速更快（17.6% vs -4.2%），PLUG POWER INC自由现金流更多（$-153.0M vs $-216.2M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -7.2%）
IDACORP Inc是注册于美国爱达荷州、总部设在博伊西的电力控股企业，成立于1998年10月1日，旗下拥有爱达荷电力公司、IDACORP金融公司及Ida-West能源公司，业务覆盖电力供应、能源服务及相关配套金融服务领域。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
IDA vs PLUG — 直观对比
营收规模更大
IDA
是对方的1.6倍
$225.2M
营收增速更快
PLUG
高出21.8%
-4.2%
净利率更高
IDA
高出387.7%
-375.6%
自由现金流更多
PLUG
多$63.2M
$-216.2M
两年增速更快
PLUG
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $360.1M | $225.2M |
| 净利润 | $43.6M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 14.9% | -338.9% |
| 净利率 | 12.1% | -375.6% |
| 营收同比 | -4.2% | 17.6% |
| 净利润同比 | 15.1% | 36.7% |
| 每股收益（稀释后） | $0.78 | $-0.70 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IDAPLUG
| Q4 25 | $360.1M | $225.2M | ||
| Q3 25 | $526.4M | $177.1M | ||
| Q2 25 | $449.3M | $174.0M | ||
| Q1 25 | $411.1M | $133.7M | ||
| Q4 24 | $375.9M | $191.5M | ||
| Q3 24 | $532.5M | $173.7M | ||
| Q2 24 | $442.6M | $143.3M | ||
| Q1 24 | $417.9M | $120.3M |
净利润IDAPLUG
| Q4 25 | $43.6M | $-846.0M | ||
| Q3 25 | $124.4M | $-361.9M | ||
| Q2 25 | $95.8M | $-227.1M | ||
| Q1 25 | $59.6M | $-196.7M | ||
| Q4 24 | $37.9M | $-1.3B | ||
| Q3 24 | $113.6M | $-211.2M | ||
| Q2 24 | $89.5M | $-262.3M | ||
| Q1 24 | $48.2M | $-295.8M |
毛利率IDAPLUG
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% | ||
| Q1 24 | — | -132.3% |
营业利润率IDAPLUG
| Q4 25 | 14.9% | -338.9% | ||
| Q3 25 | 27.5% | -197.0% | ||
| Q2 25 | 22.4% | -101.7% | ||
| Q1 25 | 13.4% | -133.5% | ||
| Q4 24 | 11.0% | -678.7% | ||
| Q3 24 | 25.1% | -124.4% | ||
| Q2 24 | 23.3% | -170.7% | ||
| Q1 24 | 11.9% | -215.7% |
净利率IDAPLUG
| Q4 25 | 12.1% | -375.6% | ||
| Q3 25 | 23.6% | -204.4% | ||
| Q2 25 | 21.3% | -130.5% | ||
| Q1 25 | 14.5% | -147.1% | ||
| Q4 24 | 10.1% | -697.5% | ||
| Q3 24 | 21.3% | -121.5% | ||
| Q2 24 | 20.2% | -183.0% | ||
| Q1 24 | 11.5% | -245.9% |
每股收益（稀释后）IDAPLUG
| Q4 25 | $0.78 | $-0.70 | ||
| Q3 25 | $2.26 | $-0.31 | ||
| Q2 25 | $1.76 | $-0.20 | ||
| Q1 25 | $1.10 | $-0.21 | ||
| Q4 24 | $0.72 | $-1.61 | ||
| Q3 24 | $2.12 | $-0.25 | ||
| Q2 24 | $1.71 | $-0.36 | ||
| Q1 24 | $0.95 | $-0.46 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $215.7M | $368.5M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $3.6B | $978.1M |
| 总资产 | $10.2B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.93× | — |
8季度趋势，按日历期对齐
现金及短期投资IDAPLUG
| Q4 25 | $215.7M | $368.5M | ||
| Q3 25 | $333.2M | $165.9M | ||
| Q2 25 | $474.5M | $140.7M | ||
| Q1 25 | $634.5M | $295.8M | ||
| Q4 24 | $368.9M | $205.7M | ||
| Q3 24 | $427.9M | $93.9M | ||
| Q2 24 | $169.6M | $62.4M | ||
| Q1 24 | $157.6M | $172.9M |
总债务IDAPLUG
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益IDAPLUG
| Q4 25 | $3.6B | $978.1M | ||
| Q3 25 | $3.5B | $1.4B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $3.3B | $1.9B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.3B | $3.0B | ||
| Q2 24 | $3.2B | $3.0B | ||
| Q1 24 | $2.9B | $2.9B |
总资产IDAPLUG
| Q4 25 | $10.2B | $2.6B | ||
| Q3 25 | $10.1B | $3.1B | ||
| Q2 25 | $9.9B | $3.4B | ||
| Q1 25 | $9.6B | $3.6B | ||
| Q4 24 | $9.2B | $3.6B | ||
| Q3 24 | $9.1B | $4.7B | ||
| Q2 24 | $8.7B | $4.8B | ||
| Q1 24 | $8.3B | $4.8B |
负债/权益比IDAPLUG
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $137.8M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $-216.2M | $-153.0M |
| 自由现金流率自由现金流/营收 | -60.0% | -67.9% |
| 资本支出强度资本支出/营收 | 98.3% | 1.9% |
| 现金转化率经营现金流/净利润 | 3.16× | — |
| 过去12个月自由现金流最近4个季度 | $-577.5M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流IDAPLUG
| Q4 25 | $137.8M | $-148.6M | ||
| Q3 25 | $162.8M | $-89.8M | ||
| Q2 25 | $176.9M | $-191.8M | ||
| Q1 25 | $124.3M | $-105.6M | ||
| Q4 24 | $136.4M | $-131.2M | ||
| Q3 24 | $201.9M | $-174.9M | ||
| Q2 24 | $146.4M | $-254.7M | ||
| Q1 24 | $109.7M | $-167.7M |
自由现金流IDAPLUG
| Q4 25 | $-216.2M | $-153.0M | ||
| Q3 25 | $-127.9M | $-117.5M | ||
| Q2 25 | $-156.4M | $-230.4M | ||
| Q1 25 | $-77.0M | $-146.0M | ||
| Q4 24 | $-48.9M | $-165.2M | ||
| Q3 24 | $-16.1M | $-234.2M | ||
| Q2 24 | $-199.6M | $-356.0M | ||
| Q1 24 | $-150.3M | $-260.3M |
自由现金流率IDAPLUG
| Q4 25 | -60.0% | -67.9% | ||
| Q3 25 | -24.3% | -66.4% | ||
| Q2 25 | -34.8% | -132.5% | ||
| Q1 25 | -18.7% | -109.2% | ||
| Q4 24 | -13.0% | -86.3% | ||
| Q3 24 | -3.0% | -134.8% | ||
| Q2 24 | -45.1% | -248.4% | ||
| Q1 24 | -36.0% | -216.5% |
资本支出强度IDAPLUG
| Q4 25 | 98.3% | 1.9% | ||
| Q3 25 | 55.2% | 15.6% | ||
| Q2 25 | 74.2% | 22.2% | ||
| Q1 25 | 49.0% | 30.3% | ||
| Q4 24 | 49.3% | 17.7% | ||
| Q3 24 | 41.0% | 34.1% | ||
| Q2 24 | 78.2% | 70.7% | ||
| Q1 24 | 62.2% | 77.0% |
现金转化率IDAPLUG
| Q4 25 | 3.16× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 3.60× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | 2.28× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IDA
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
