IDACORP (IDA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

IDACORP

NYSE•Utilities•Utilities - Regulated Electric

$145.12-1.89(-0.01%)Pre-market

Market Cap

$8.38B

P/E

22.4x

P/S

4.4x

P/B

2.1x

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; and three natural gas-fired plants situated in southern Idaho, as well as interests in a coal-fired and natural gas-fired steam generating plant located in Wyoming; and interests in a coal-fired steam generating plant situated in Nevada. As of December 31, 2025, it had approximately 4,730 pole miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 12 switching stations; 31 mixed-use transmission and distribution substations; 188 energized distribution substations; approximately 30,020 linear miles of distribution lines; and a capacity of 1,228 MWh of battery storage. The company provides electric utility services to approximately 664,000 retail customers in southern Idaho and eastern Oregon. It serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, education, and information technology. The company also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Profitability (21/25); weakest: Cash & Earnings Quality (0/25).

Profitability21/25

Growth13/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality0/25

Strengths

Strong marginsRising earningsProfit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.4x5y range 17.5x – 25.1x

Currently near its 20-quarter median.

P/S · 4.4x5y range 2.6x – 4.7x

Currently above its 20-quarter median.

P/B · 2.1x5y range 1.5x – 2.2x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 7.2% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $8.38B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.89B
Q. Revenue: $608.04M
TTM EBITDA: $852.67M
TTM Op. Income: $444.09M
Q. Op. Income: $178.73M
TTM Net Income: $374.38M
Q. Net Income: $160.21M
EPS: $2.78
Shares Out.: $57.73M

$1.89B in TTM revenue grew 4.5% YoY, reaching $608.04M last quarter. TTM EBITDA of $852.67M and TTM operating income of $444.09M show growth is flowing through to the bottom line. TTM net income of $374.38M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 41.6%
Op. Margin: 29.4%
Net Margin: 26.3%

Op. margin of 29.4% is up 1.8% YoY — cost efficiency is improving. Net margin at 26.3% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.4x
P/S Ratio: 4.4x
P/B Ratio: 2.1x

At 22.4x P/E, the stock trades within typical market levels. P/S of 4.4x and P/B of 2.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $11.37B
Cash: $187.83M
Long-Term Debt: $3.86B
Book Value: $4.08B
D/E Ratio: 0.9
Debt/EBITDA: 15.3

With $11.37B in assets and $3.86B in long-term debt, D/E is 0.9and book value is $4.08B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $199.45M
TTM Free Cash Flow: $-1.02B
FCF Margin: -53.8%
FCF / Net Income: -2.7

TTM FCF of $-1.02B on $199.45M in operating cash flow. The FCF / Net Income ratio of -2.7x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 5 consecutive quarters — a weakening trend.