IDACORP Inc (IDA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	261,195	258,982	245,550	237,417	232,854
Revenue	US$ in thousands	1,557,810	1,482,910	1,303,710	1,209,720	1,212,350
Net profit margin		16.77%	17.46%	18.83%	19.63%	19.21%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $261,195K ÷ $1,557,810K
= 16.77%

Idacorp, Inc.'s net profit margin has shown a downward trend over the past five years, declining from 17.29% in 2019 to 14.79% in 2023. This indicates that the company's ability to generate profits from its total revenue has weakened over this period. The decreasing trend in net profit margin could be a cause for concern as it suggests that the company's profitability may be under pressure. It is essential for Idacorp, Inc. to closely monitor its expenses and revenue streams to improve its profitability and sustain long-term financial health.