IDACORP Inc (IDA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,401,550 | 316,841 | 330,111 | 332,242 | 312,169 |
| Revenue | US$ in thousands | 1,826,630 | 1,766,360 | 1,643,980 | 1,458,080 | 1,350,730 |
| Gross profit margin | 76.73% | 17.94% | 20.08% | 22.79% | 23.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,401,550K ÷ $1,826,630K
= 76.73%
IDACORP Inc's gross profit margin has shown a declining trend over the period from December 31, 2020, to December 31, 2024. The margin decreased from 23.11% in 2020 to 17.94% in 2023, indicating a decrease in the company's ability to generate profit from its core operations. However, there was a significant spike in the gross profit margin to 76.73% in 2024, which may be attributed to extraordinary events or accounting adjustments that need further investigation to understand the sudden increase. Overall, the fluctuation in the gross profit margin raises questions about the company's operational efficiency and performance during this period, warranting a deeper analysis to determine the underlying factors contributing to these changes.
Peer comparison
Dec 31, 2024