IDACORP Inc (IDA)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 305,004 | 289,189 | 297,404 | 282,784 | 266,668 |
| Revenue | US$ in thousands | 1,826,630 | 1,766,360 | 1,643,980 | 1,458,080 | 1,350,730 |
| Pretax margin | 16.70% | 16.37% | 18.09% | 19.39% | 19.74% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $305,004K ÷ $1,826,630K
= 16.70%
To analyze IDACORP Inc's pretax margin over the years, we observe a gradual decline from 19.74% as of December 31, 2020, to 16.70% as of December 31, 2024. This downward trend indicates a decreasing percentage of each dollar of revenue retained as pre-tax profit. The company experienced fluctuations in pretax margin, with the most significant drop occurring between December 2022 and December 2023. This trend suggests that IDACORP Inc may be facing challenges in controlling its expenses or generating sufficient revenues to maintain profitability before accounting for taxes. Further investigation into the company's cost structure and revenue streams is advisable to understand the factors contributing to this trend.
Peer comparison
Dec 31, 2024