IDACORP Inc (IDA)

Net 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
Net income (ttm)	US$ in thousands	261,195	271,990	273,106	268,819	258,981	249,725	241,242	246,978	245,549	250,258	254,392	244,758	237,417	247,046	234,891	227,658	232,854	211,858	224,213	233,345
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
Net profit margin		16.77%	17.50%	17.29%	17.38%	17.46%	17.86%	18.30%	18.56%	18.83%	19.11%	19.91%	19.90%	19.63%	20.83%	20.41%	19.82%	19.21%	17.29%	17.84%	18.21%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $261,195K ÷ $1,557,806K
= 16.77%

The net profit margin for Idacorp, Inc. has shown a gradual decline over the last eight quarters. The company's net profit margin decreased from 16.62% in Q1 2022 to 14.79% in Q4 2023. This downward trend suggests that the company's profitability has been under pressure or that its expenses relative to revenue have been increasing.

While a net profit margin in the range of 14.79% to 15.75% indicates that Idacorp, Inc. is generating a healthy level of profit relative to its revenue, the consistent decrease in the metric over the quarters may raise concerns about the company's operational efficiency or ability to control costs effectively.

Management should closely monitor and analyze the factors contributing to this decline in net profit margin and implement strategies to improve profitability, such as increasing revenue, optimizing expenses, or enhancing operational efficiency. Additionally, investors and stakeholders may consider the trend in the net profit margin as a key indicator of the company's financial health and performance over time.