IDACORP Inc (IDA)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 327,839 | 313,477 | 327,178 | 329,651 | 309,521 |
| Revenue | US$ in thousands | 1,826,630 | 1,766,360 | 1,643,980 | 1,458,080 | 1,350,730 |
| Operating profit margin | 17.95% | 17.75% | 19.90% | 22.61% | 22.92% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $327,839K ÷ $1,826,630K
= 17.95%
The operating profit margin of IDACORP Inc has shown a slight decline over the years from 2020 to 2024. In December 31, 2020, the operating profit margin was 22.92%, which decreased to 22.61% in December 31, 2021. Subsequently, there was a more noticeable decrease to 19.90% in December 31, 2022, followed by a further decline to 17.75% in December 31, 2023. However, there was a slight increase to 17.95% in December 31, 2024.
This trend indicates that IDACORP Inc's ability to generate profits from its core operations has been facing some challenges, leading to a reduction in its operating profit margins over the period. Further analysis of the company's cost structure and revenue streams may be necessary to identify the factors contributing to this downward trend and develop strategies for improvement.
Peer comparison
Dec 31, 2024