IDACORP Inc (IDA)

Net 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
Net income (ttm) US$ in thousands 289,174 282,557 274,216 253,270 261,195 271,990 273,106 268,819 258,981 249,725 241,242 246,978 245,549 250,258 254,392 244,758 237,417 247,046 234,891 227,658
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
Net profit margin 15.87% 15.39% 15.08% 14.20% 14.79% 15.30% 15.30% 15.54% 15.75% 16.05% 16.25% 16.62% 16.84% 17.39% 17.95% 17.79% 17.58% 18.60% 18.22% 17.69%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $289,174K ÷ $1,821,734K
= 15.87%

Net profit margin is a key financial ratio that indicates the percentage of revenue that translates into profit after deducting all expenses. For IDACORP Inc, the net profit margin has shown fluctuations over the reporting periods provided in the data.

The net profit margin for IDACORP Inc started at a relatively high level of 17.69% as of March 31, 2020, indicating that the company was able to generate significant profit from its revenue. The margin increased slightly to 18.22% by June 30, 2020, and continued to rise to 18.60% by September 30, 2020, showcasing efficient cost management and operational effectiveness.

However, the net profit margin experienced a slight decline to 17.58% by December 31, 2020, and varied within a range between 17% to 18% over the next few quarters. From March 31, 2022, the net profit margin started to decrease steadily, reaching 14.20% by March 31, 2024.

The slight uptick in the net profit margin to 15.87% by December 31, 2024, suggests that the company may have implemented measures to improve profitability, but it still remains below the levels seen in earlier reporting periods.

Overall, the decreasing trend in IDACORP Inc's net profit margin from 2022 to 2024 may indicate challenges in managing costs, pricing pressures, or other factors impacting the company's ability to convert revenue into profit efficiently. Further analysis of the company's cost structure and revenue streams may be required to identify areas for improvement and enhance profitability.