IDACORP Inc (IDA)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	368,208	362,780	291,514	279,657	316,840	336,973	338,592	337,730	330,111	297,772	302,900	313,674	313,908	315,721	316,373	312,557	312,168	347,515	337,177	330,321
Revenue (ttm)	US$ in thousands	1,821,734	1,835,556	1,817,935	1,783,615	1,766,356	1,777,361	1,784,467	1,729,352	1,643,981	1,556,035	1,484,967	1,486,318	1,458,084	1,438,766	1,417,083	1,375,775	1,350,729	1,327,883	1,288,942	1,287,071
Gross profit margin		20.21%	19.76%	16.04%	15.68%	17.94%	18.96%	18.97%	19.53%	20.08%	19.14%	20.40%	21.10%	21.53%	21.94%	22.33%	22.72%	23.11%	26.17%	26.16%	25.66%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $368,208K ÷ $1,821,734K
= 20.21%

The gross profit margin of IDACORP Inc has shown a declining trend over the past few years, starting at 25.66% as of March 31, 2020, and decreasing to 20.21% by December 31, 2024. This indicates a decrease in the percentage of revenue that remains after accounting for the cost of goods sold.

This downward trend may suggest challenges in controlling production costs or pricing pressures impacting the company's profitability. It is important for management to closely monitor and address the factors contributing to this decline to improve operational efficiency and maintain sustainable profitability in the long run. Investors and stakeholders should also closely track this metric as it provides insight into the company's ability to generate profits from its core operations.