Estados financieros detallados de IDACORP, Inc. (IDA): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
IDACORP, Inc. registró ingresos de $1.81B en el último ejercicio fiscal, con un CAGR de 5 años del 6.1%. El beneficio neto alcanzó $323.5M, con un CAGR a 5 años del 6.4%.
Márgenes de los últimos 12 meses: margen bruto 21.7%, margen operativo 21.4%, margen neto 18.8%.
Al precio actual de $132.69, IDA cotiza a un P/E de 21.67 y un ROE del 9.36%. La capitalización bursátil es de $7.7B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.26B | $1.35B | $1.37B | $1.35B | $1.35B | $1.46B | $1.64B | $1.77B | $1.83B | $1.81B |
| Coste de Ventas | $946.6M | $994.8M | $1.07B | $1.05B | $1.04B | $1.13B | $1.31B | $1.45B | $1.49B | $1.41B |
| Beneficio Bruto | $315.4M | $354.7M | $299.4M | $301.1M | $312.2M | $332.2M | $330.1M | $316.8M | $331.9M | $401.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $11.8M | $11.2M | $15.8M | $11.0M | $11.9M | $15.2M | $9.2M | $6.5M | 0 | 0 |
| Gastos Operativos | $31.8M | $39.1M | $2.5M | $2.8M | $2.6M | $2.6M | $2.9M | $3.4M | $4.0M | $4.8M |
| Beneficio Operativo | $283.6M | $315.5M | $296.9M | $298.3M | $309.5M | $329.7M | $327.2M | $313.5M | $327.8M | $396.6M |
| EBITDA | $463.8M | $511.5M | $500.0M | $518.1M | $530.0M | $548.9M | $560.3M | $605.6M | $669.0M | $737.0M |
| Gastos por Intereses | $82.0M | $83.7M | $85.9M | $86.5M | $87.4M | $86.7M | $89.4M | $116.5M | $135.9M | $168.2M |
| Beneficio Antes de Impuestos | $234.5M | $261.8M | $244.9M | $257.8M | $266.7M | $282.8M | $297.4M | $289.2M | $305.0M | $310.4M |
| Impuestos | $36.4M | $48.7M | $17.4M | $24.5M | $28.7M | $36.9M | $37.8M | $27.3M | $15.1M | -$13.7M |
| Beneficio Neto | $198.3M | $212.4M | $226.8M | $232.9M | $237.4M | $245.6M | $259.0M | $261.2M | $289.2M | $323.5M |
| BPA | $3.94 | $4.22 | $4.50 | $4.61 | $4.70 | $4.85 | $5.11 | $5.15 | $5.50 | $5.96 |
| BPA Diluido | $3.94 | $4.21 | $4.49 | $4.61 | $4.69 | $4.85 | $5.11 | $5.14 | $5.50 | $5.90 |
| Acciones en Circulación (Diluidas) | $50.4M | $50.4M | $50.5M | $50.5M | $50.6M | $50.6M | $50.7M | $50.8M | $52.6M | $54.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $524.4M | $404.7M | $402.5M | $469.8M |
| Beneficio Bruto | $134.3M | $73.2M | $51.6M | $131.7M |
| Beneficio Operativo | $133.2M | $70.8M | $50.9M | $130.5M |
| EBITDA | $243.9M | $153.5M | $180.6M | $241.6M |
| Beneficio Neto | $124.4M | $43.6M | $68.0M | $102.6M |
| BPA | $2.30 | $0.80 | $1.24 | $1.84 |
| BPA Diluido | $2.26 | $0.78 | $1.21 | $1.79 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $61.5M | $76.6M | $267.5M | $217.3M | $275.1M | $215.2M | $177.6M | $327.4M | $368.9M | $215.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | $25.0M | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $180.4M | $189.0M | $158.3M | $159.1M | $160.1M | $183.4M | $263.9M | $267.0M | $256.1M | $224.1M |
| Inventario | $111.6M | $112.4M | $103.0M | $114.1M | $96.6M | $95.6M | $107.2M | $160.5M | $244.7M | $226.4M |
| Activos Corrientes | $440.3M | $443.6M | $597.6M | $565.1M | $642.4M | $595.9M | $693.7M | $1.00B | $988.5M | $833.4M |
| Inmovilizado Material | $4.17B | $4.28B | $4.40B | $4.53B | $4.71B | $4.90B | $5.17B | $5.75B | $6.52B | $7.65B |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $9.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $6.29B | $6.05B | $6.38B | $6.64B | $7.10B | $7.21B | $7.54B | $8.48B | $9.24B | $10.23B |
| Cuentas por Pagar | $106.2M | $90.3M | $110.8M | $110.7M | $120.6M | $146.0M | $292.7M | $308.5M | $307.1M | $344.9M |
| Deuda a Corto | $22.9M | 0 | 0 | $100.0M | 0 | 0 | 0 | $49.8M | $19.9M | $116.3M |
| Pasivos Corrientes | $249.7M | $200.7M | $258.6M | $374.9M | $287.6M | $325.6M | $548.6M | $634.1M | $700.8M | $897.8M |
| Deuda a Largo | $1.74B | $1.75B | $1.83B | $1.74B | $2.00B | $2.00B | $2.19B | $2.78B | $3.05B | $3.33B |
| Pasivos Totales | $4.13B | $3.79B | $4.01B | $4.17B | $4.53B | $4.54B | $4.73B | $5.56B | $5.90B | $6.65B |
| Reservas | $1.32B | $1.43B | $1.53B | $1.63B | $1.73B | $1.83B | $1.94B | $2.04B | $2.15B | $2.28B |
| Patrimonio Neto | $2.15B | $2.25B | $2.37B | $2.46B | $2.56B | $2.67B | $2.81B | $2.91B | $3.33B | $3.57B |
| Deuda Total | $1.77B | $1.75B | $1.83B | $1.84B | $2.00B | $2.00B | $2.19B | $2.83B | $3.07B | $3.66B |
| Deuda Neta | $1.71B | $1.67B | $1.57B | $1.62B | $1.70B | $1.79B | $2.02B | $2.50B | $2.70B | $3.45B |
| Capital Circulante | $190.6M | $242.9M | $339.0M | $190.3M | $354.8M | $270.2M | $145.1M | $370.0M | $287.7M | -$64.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $333.2M | $215.7M | $337.8M | $83.6M |
| Activos Totales | $10.08B | $10.23B | $10.59B | $10.87B |
| Pasivos Totales | $6.59B | $6.65B | $6.94B | $7.08B |
| Patrimonio Neto | $3.48B | $3.57B | $3.64B | $3.77B |
| Deuda Total | $3.67B | $3.66B | $4.01B | $4.01B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $198.1M | $213.2M | $227.5M | $233.3M | $238.0M | $245.9M | $259.6M | $261.9M | $290.0M | $324.1M |
| Amortizaciones | $147.3M | $165.9M | $169.1M | $173.8M | $175.9M | $179.4M | $173.6M | $199.9M | $228.1M | $258.4M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$11.3M | -$17.8M | $45.6M | -$28.2M | $17.6M | -$19.5M | $35.6M | -$157.2M | -$1.9M | $51.6M |
| Flujo de Caja Operativo | $347.7M | $438.0M | $491.6M | $366.6M | $388.1M | $363.3M | $351.3M | $267.0M | $594.4M | $601.8M |
| Inversiones (CapEx) | -$296.9M | -$285.5M | -$277.9M | -$278.7M | -$310.9M | -$300.0M | -$432.6M | -$611.1M | -$1.01B | -$1.18B |
| Adquisiciones | 0 | -$6.4M | -$6.4M | -$5.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$3.3M | -$3.2M | -$3.6M | -$4.2M | 0 | 0 | 0 | 0 | 0 | -$3.3M |
| Dividendos Pagados | -$105.0M | -$113.1M | -$121.4M | -$129.7M | -$137.8M | -$146.1M | -$154.3M | -$163.5M | -$176.6M | -$188.5M |
| Flujo de Caja Libre | $50.8M | $152.5M | $213.8M | $87.9M | $77.2M | $63.3M | -$81.3M | -$344.1M | -$414.9M | -$577.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $162.8M | $137.8M | $75.8M | -$29.4M |
| Inversiones (CapEx) | -$290.7M | -$354.0M | -$371.5M | -$436.5M |
| Flujo de Caja Libre | -$127.9M | -$216.2M | -$295.7M | -$465.9M |
| Dividendos Pagados | -$46.5M | -$48.5M | -$49.2M | -$48.8M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +6.9% | +1.6% | -1.8% | +0.3% | +7.9% | +12.7% | +7.4% | +3.4% | -0.7% |
| Crecimiento Beneficio Neto (anual) | | +7.1% | +6.8% | +2.7% | +2.0% | +3.4% | +5.5% | +0.9% | +10.7% | +11.9% |
| Crecimiento BPA (anual) | | +7.1% | +6.6% | +2.4% | +2.0% | +3.2% | +5.4% | +0.8% | +6.8% | +8.4% |
| Cambio en Acciones (anual) | | +0.1% | +0.2% | +0.1% | +0.1% | +0.1% | +0.1% | +0.2% | +3.6% | +4.2% |
| Crecimiento FCF (anual) | | +200.5% | +40.1% | -58.9% | -12.2% | -18.0% | -228.5% | -323.2% | -20.6% | -39.2% |
| Margen Bruto | 25.0% | 26.3% | 21.8% | 22.4% | 23.1% | 22.8% | 20.1% | 17.9% | 18.2% | 22.1% |
| Margen Operativo | 22.5% | 23.4% | 21.7% | 22.2% | 22.9% | 22.6% | 19.9% | 17.7% | 17.9% | 21.9% |
| Margen EBITDA | 36.8% | 37.9% | 36.5% | 38.5% | 39.2% | 37.6% | 34.1% | 34.3% | 36.6% | 40.7% |
| Margen Neto | 15.7% | 15.7% | 16.5% | 17.3% | 17.6% | 16.8% | 15.8% | 14.8% | 15.8% | 17.8% |
| Margen FCF | 4.0% | 11.3% | 15.6% | 6.5% | 5.7% | 4.3% | -4.9% | -19.5% | -22.7% | -31.9% |
| Tasa Impositiva Efectiva | 15.5% | 18.6% | 7.1% | 9.5% | 10.8% | 13.1% | 12.7% | 9.4% | 4.9% | -4.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.01 | $3.02 | $4.23 | $1.74 | $1.53 | $1.25 | $-1.60 | $-6.77 | $-7.88 | $-10.54 |
| Dividendo por Acción | $2.08 | $2.24 | $2.40 | $2.57 | $2.73 | $2.89 | $3.04 | $3.22 | $3.36 | $3.44 |
| Acciones en Circulación (Básicas) | $50.3M | $50.4M | $50.4M | $50.5M | $50.5M | $50.6M | $50.7M | $50.7M | $52.5M | $54.2M |
Qué mirar en Utilities
Negocios regulados con crecimiento lento pero dividendos fiables. Son bonos con esteroides — mira deuda, tipos de interés, y consistencia del payout.
- ROE regulado (8-12%) — Utilities tienen ROE "permitido" por el regulador. Fuera de rango = anomalía
- Crecimiento EPS 5y — Utilities estables crecen EPS 4-6% anual — más = anomalía, menos = muerto
- Crecimiento dividendo 10y — Utilities top ("Dividend Aristocrats") suben dividendo 25+ años seguidos
- Deuda neta / EBITDA — Utilities usan mucha deuda — >6x con tipos altos es alarma
- Interest Coverage — EBITDA / intereses. Si cae <3x en subida de tipos, el dividendo peligra
- Payout Ratio — En utilities es normal alto (60-80%), pero >90% indica stress
Rentabilidad
| Rentabilidad sobre capital | 9.36% |
| Rentabilidad sobre capital invertido | 3.63% |
| Rentabilidad sobre activos | 3.12% |
| Margen bruto | 21.69% |
| Margen operativo | 21.39% |
| Margen neto | 18.80% |
Salud financiera
| Deuda / Patrimonio | 1.06 |
| Ratio corriente | 0.99 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.23 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 20.44 | 21.65 | 20.68 | 23.17 | 20.43 | 23.36 | 21.11 | 19.09 | 19.87 | 21.23 |
| P/VC | 1.88 | 2.04 | 1.98 | 2.19 | 1.90 | 2.15 | 1.95 | 1.72 | 1.72 | 1.92 |
| P/V | 3.21 | 3.41 | 3.42 | 4.01 | 3.59 | 3.93 | 3.32 | 2.82 | 3.14 | 3.79 |
| Margen Bruto | 25.0% | 26.3% | 21.8% | 22.4% | 23.1% | 22.8% | 20.1% | 17.9% | 18.2% | 22.1% |
| Margen Operativo | 22.5% | 23.4% | 21.7% | 22.2% | 22.9% | 22.6% | 19.9% | 17.7% | 17.9% | 21.9% |
| Margen Neto | 15.7% | 15.7% | 16.5% | 17.3% | 17.6% | 16.8% | 15.8% | 14.8% | 15.8% | 17.8% |