IDACORP Inc (IDA)

Operating 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
Operating income (ttm)	US$ in thousands	295,327	290,855	283,434	268,635	313,477	333,465	335,401	334,613	327,178	322,344	318,312	329,210	329,651	331,447	332,025	319,061	309,522	310,050	299,436	291,776
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
Operating profit margin		16.21%	15.85%	15.59%	15.06%	17.75%	18.76%	18.80%	19.35%	19.90%	20.72%	21.44%	22.15%	22.61%	23.04%	23.43%	23.19%	22.92%	23.35%	23.23%	22.67%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $295,327K ÷ $1,821,734K
= 16.21%

The operating profit margin of IDACORP Inc has shown a gradual decline over the period from March 31, 2020, to December 31, 2024. Starting at 22.67% in March 2020, the operating profit margin gradually increased until peaking at 23.43% in June 2021. However, after June 2021, the operating profit margin started to decline steadily, reaching 16.21% by December 31, 2024.

This trend indicates a gradual decrease in the company's profitability relative to its revenue from operations. A declining operating profit margin could be a cause for concern as it may suggest challenges in managing costs and expenses effectively to generate sufficient profits. The company may need to closely monitor its operational efficiency and cost structure to improve and stabilize its operating profit margin in the future.