IDACORP Inc (IDA)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,556,628 | 1,556,094 | 1,579,657 | 1,545,166 | 1,481,805 | 1,397,877 | 1,318,060 | 1,327,881 | 1,297,839 | 1,300,900 | 1,267,733 | 1,220,863 | 1,201,256 | 1,144,255 | 1,108,197 | 1,104,845 | 1,168,401 | 1,173,546 | 1,206,771 | 1,233,519 |
| Revenue (ttm) | US$ in thousands | 1,557,806 | 1,553,827 | 1,579,873 | 1,546,401 | 1,482,913 | 1,398,151 | 1,318,513 | 1,330,616 | 1,303,710 | 1,309,887 | 1,277,650 | 1,230,061 | 1,209,724 | 1,186,219 | 1,150,976 | 1,148,403 | 1,212,348 | 1,225,056 | 1,256,488 | 1,281,147 |
| Gross profit margin | 99.92% | 100.15% | 99.99% | 99.92% | 99.93% | 99.98% | 99.97% | 99.79% | 99.55% | 99.31% | 99.22% | 99.25% | 99.30% | 96.46% | 96.28% | 96.21% | 96.38% | 95.80% | 96.04% | 96.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,556,628K ÷ $1,557,806K
= 99.92%
Idacorp, Inc.'s gross profit margin has fluctuated over the past eight quarters. The Q4 2023 gross profit margin of 71.61% reflects an increase compared to the previous quarter and a significant improvement compared to Q1 2023. However, it is still slightly lower than the peak reported in Q2 2022. Generally, the company has maintained a relatively high gross profit margin above 60%, demonstrating strong profitability in its operations. Further analysis and comparison with industry peers can provide deeper insights into the company's operational efficiency and pricing strategies.
Peer comparison
Dec 31, 2023