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IDACORP INC（IDA）与TXNM ENERGY INC（TXNM）财务数据对比。点击上方公司名可切换其他公司
TXNM ENERGY INC的季度营收约是IDACORP INC的1.4倍（$506.4M vs $360.1M），IDACORP INC净利率更高（12.1% vs -1.0%，领先13.2%），TXNM ENERGY INC同比增速更快（5.3% vs -4.2%），TXNM ENERGY INC自由现金流更多（$-152.1M vs $-216.2M），过去两年TXNM ENERGY INC的营收复合增速更高（8.4% 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。
TXNM能源是总部位于美国新墨西哥州阿尔伯克基的能源控股企业，创立于1917年，前身为阿尔伯克基燃气电力公司，旗下拥有PNM、得克萨斯-新墨西哥电力公司（TNMP）两大运营主体，核心业务覆盖能源供应及相关公用事业服务领域。
IDA vs TXNM — 直观对比
营收规模更大
TXNM
是对方的1.4倍
$360.1M
营收增速更快
TXNM
高出9.5%
-4.2%
净利率更高
IDA
高出13.2%
-1.0%
自由现金流更多
TXNM
多$64.1M
$-216.2M
两年增速更快
TXNM
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $360.1M | $506.4M |
| 净利润 | $43.6M | $-5.3M |
| 毛利率 | — | — |
| 营业利润率 | 14.9% | 18.5% |
| 净利率 | 12.1% | -1.0% |
| 营收同比 | -4.2% | 5.3% |
| 净利润同比 | 15.1% | -126.4% |
| 每股收益（稀释后） | $0.78 | $-0.06 |
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IDATXNM
| Q4 25 | $360.1M | $506.4M | ||
| Q3 25 | $526.4M | $656.3M | ||
| Q2 25 | $449.3M | $493.8M | ||
| Q1 25 | $411.1M | $480.4M | ||
| Q4 24 | $375.9M | $481.0M | ||
| Q3 24 | $532.5M | $574.3M | ||
| Q2 24 | $442.6M | $473.2M | ||
| Q1 24 | $417.9M | $431.1M |
净利润IDATXNM
| Q4 25 | $43.6M | $-5.3M | ||
| Q3 25 | $124.4M | $136.3M | ||
| Q2 25 | $95.8M | $26.0M | ||
| Q1 25 | $59.6M | $12.8M | ||
| Q4 24 | $37.9M | $20.0M | ||
| Q3 24 | $113.6M | $136.4M | ||
| Q2 24 | $89.5M | $52.0M | ||
| Q1 24 | $48.2M | $50.4M |
毛利率IDATXNM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 51.8% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 40.8% |
营业利润率IDATXNM
| Q4 25 | 14.9% | 18.5% | ||
| Q3 25 | 27.5% | 30.9% | ||
| Q2 25 | 22.4% | 14.7% | ||
| Q1 25 | 13.4% | 15.0% | ||
| Q4 24 | 11.0% | 15.8% | ||
| Q3 24 | 25.1% | 33.3% | ||
| Q2 24 | 23.3% | 22.3% | ||
| Q1 24 | 11.9% | 18.7% |
净利率IDATXNM
| Q4 25 | 12.1% | -1.0% | ||
| Q3 25 | 23.6% | 20.8% | ||
| Q2 25 | 21.3% | 5.3% | ||
| Q1 25 | 14.5% | 2.7% | ||
| Q4 24 | 10.1% | 4.2% | ||
| Q3 24 | 21.3% | 23.7% | ||
| Q2 24 | 20.2% | 11.0% | ||
| Q1 24 | 11.5% | 11.7% |
每股收益（稀释后）IDATXNM
| Q4 25 | $0.78 | $-0.06 | ||
| Q3 25 | $2.26 | $1.22 | ||
| Q2 25 | $1.76 | $0.22 | ||
| Q1 25 | $1.10 | $0.10 | ||
| Q4 24 | $0.72 | $0.17 | ||
| Q3 24 | $2.12 | $1.45 | ||
| Q2 24 | $1.71 | $0.53 | ||
| Q1 24 | $0.95 | $0.52 |
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 | $18.3M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $3.6B | $3.4B |
| 总资产 | $10.2B | $12.1B |
| 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IDATXNM
| Q4 25 | $215.7M | $18.3M | ||
| Q3 25 | $333.2M | $32.1M | ||
| Q2 25 | $474.5M | $22.2M | ||
| Q1 25 | $634.5M | $6.1M | ||
| Q4 24 | $368.9M | $4.5M | ||
| Q3 24 | $427.9M | $7.2M | ||
| Q2 24 | $169.6M | $3.2M | ||
| Q1 24 | $157.6M | $3.0M |
总债务IDATXNM
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IDATXNM
| Q4 25 | $3.6B | $3.4B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.4B | $3.2B | ||
| Q1 25 | $3.3B | $2.5B | ||
| Q4 24 | $3.3B | $2.5B | ||
| Q3 24 | $3.3B | $2.5B | ||
| Q2 24 | $3.2B | $2.4B | ||
| Q1 24 | $2.9B | $2.4B |
总资产IDATXNM
| Q4 25 | $10.2B | $12.1B | ||
| Q3 25 | $10.1B | $12.0B | ||
| Q2 25 | $9.9B | $11.7B | ||
| Q1 25 | $9.6B | $11.4B | ||
| Q4 24 | $9.2B | $11.2B | ||
| Q3 24 | $9.1B | $10.8B | ||
| Q2 24 | $8.7B | $10.6B | ||
| Q1 24 | $8.3B | $10.3B |
负债/权益比IDATXNM
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $157.7M |
| 自由现金流经营现金流 - 资本支出 | $-216.2M | $-152.1M |
| 自由现金流率自由现金流/营收 | -60.0% | -30.0% |
| 资本支出强度资本支出/营收 | 98.3% | 61.2% |
| 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 | $-611.4M |
8季度趋势，按日历期对齐
经营现金流IDATXNM
| Q4 25 | $137.8M | $157.7M | ||
| Q3 25 | $162.8M | $282.0M | ||
| Q2 25 | $176.9M | $3.5M | ||
| Q1 25 | $124.3M | $141.3M | ||
| Q4 24 | $136.4M | $158.6M | ||
| Q3 24 | $201.9M | $180.0M | ||
| Q2 24 | $146.4M | $76.7M | ||
| Q1 24 | $109.7M | $92.8M |
自由现金流IDATXNM
| Q4 25 | $-216.2M | $-152.1M | ||
| Q3 25 | $-127.9M | $4.7M | ||
| Q2 25 | $-156.4M | $-262.6M | ||
| Q1 25 | $-77.0M | $-201.4M | ||
| Q4 24 | $-48.9M | $-182.9M | ||
| Q3 24 | $-16.1M | $-143.7M | ||
| Q2 24 | $-199.6M | $-216.0M | ||
| Q1 24 | $-150.3M | $-196.3M |
自由现金流率IDATXNM
| Q4 25 | -60.0% | -30.0% | ||
| Q3 25 | -24.3% | 0.7% | ||
| Q2 25 | -34.8% | -53.2% | ||
| Q1 25 | -18.7% | -41.9% | ||
| Q4 24 | -13.0% | -38.0% | ||
| Q3 24 | -3.0% | -25.0% | ||
| Q2 24 | -45.1% | -45.6% | ||
| Q1 24 | -36.0% | -45.5% |
资本支出强度IDATXNM
| Q4 25 | 98.3% | 61.2% | ||
| Q3 25 | 55.2% | 42.3% | ||
| Q2 25 | 74.2% | 53.9% | ||
| Q1 25 | 49.0% | 71.3% | ||
| Q4 24 | 49.3% | 71.0% | ||
| Q3 24 | 41.0% | 56.4% | ||
| Q2 24 | 78.2% | 61.9% | ||
| Q1 24 | 62.2% | 67.1% |
现金转化率IDATXNM
| Q4 25 | 3.16× | — | ||
| Q3 25 | 1.31× | 2.07× | ||
| Q2 25 | 1.85× | 0.14× | ||
| Q1 25 | 2.08× | 11.04× | ||
| Q4 24 | 3.60× | 7.93× | ||
| Q3 24 | 1.78× | 1.32× | ||
| Q2 24 | 1.63× | 1.48× | ||
| Q1 24 | 2.28× | 1.84× |
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% |
TXNM
| Electricity | $348.8M | 69% |
| Other | $89.3M | 18% |
| Electric Transmission Service | $40.4M | 8% |
| Wholesale Energy Sales | $26.2M | 5% |
| Miscellaneous Revenue From Contracts With Customers | $1.7M | 0% |
