IDACORP Inc (IDA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 313,477 | 327,178 | 329,651 | 309,521 | 298,326 |
| Revenue | US$ in thousands | 1,557,810 | 1,482,910 | 1,303,710 | 1,209,720 | 1,212,350 |
| Operating profit margin | 20.12% | 22.06% | 25.29% | 25.59% | 24.61% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $313,477K ÷ $1,557,810K
= 20.12%
The operating profit margin of Idacorp, Inc. has shown some fluctuations over the past five years. In 2019, the company had the highest operating profit margin at 22.16%, which then decreased to 20.42% in 2020 before experiencing a further decline to 19.19% in 2021. However, there was a positive upturn in 2022 where the operating profit margin increased to 13.78% and continued to improve in 2023 to reach 18.14%.
Overall, the trend indicates some variability in the operating profit margin of Idacorp, Inc. with fluctuations observed in the recent years. Further analysis into the factors driving these changes would be beneficial in understanding the company's performance and profitability.
Peer comparison
Dec 31, 2023