Demonstrações financeiras detalhadas de IDACORP, Inc. (IDA): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
IDACORP, Inc. registou receitas de $1.81B no último exercício, com um CAGR de 5 anos de 6.1%. O lucro líquido atingiu $323.5M, com CAGR de 5 anos de 6.4%.
Margens dos últimos 12 meses: margem bruta 21.7%, margem operacional 21.4%, margem líquida 18.8%.
Ao preço atual de $132.69, IDA negocia a um P/L de 21.67 e um ROE de 9.36%. A capitalização de mercado é de $7.7B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $1.26B | $1.35B | $1.37B | $1.35B | $1.35B | $1.46B | $1.64B | $1.77B | $1.83B | $1.81B |
| Custo da Receita | $946.6M | $994.8M | $1.07B | $1.05B | $1.04B | $1.13B | $1.31B | $1.45B | $1.49B | $1.41B |
| Lucro Bruto | $315.4M | $354.7M | $299.4M | $301.1M | $312.2M | $332.2M | $330.1M | $316.8M | $331.9M | $401.4M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $11.8M | $11.2M | $15.8M | $11.0M | $11.9M | $15.2M | $9.2M | $6.5M | 0 | 0 |
| Despesas Operacionais | $31.8M | $39.1M | $2.5M | $2.8M | $2.6M | $2.6M | $2.9M | $3.4M | $4.0M | $4.8M |
| Lucro Operacional | $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 |
| Despesas com Juros | $82.0M | $83.7M | $85.9M | $86.5M | $87.4M | $86.7M | $89.4M | $116.5M | $135.9M | $168.2M |
| Lucro Antes de Impostos | $234.5M | $261.8M | $244.9M | $257.8M | $266.7M | $282.8M | $297.4M | $289.2M | $305.0M | $310.4M |
| Imposto | $36.4M | $48.7M | $17.4M | $24.5M | $28.7M | $36.9M | $37.8M | $27.3M | $15.1M | -$13.7M |
| Lucro Líquido | $198.3M | $212.4M | $226.8M | $232.9M | $237.4M | $245.6M | $259.0M | $261.2M | $289.2M | $323.5M |
| LPA | $3.94 | $4.22 | $4.50 | $4.61 | $4.70 | $4.85 | $5.11 | $5.15 | $5.50 | $5.96 |
| LPA Diluído | $3.94 | $4.21 | $4.49 | $4.61 | $4.69 | $4.85 | $5.11 | $5.14 | $5.50 | $5.90 |
| Ações em Circulação (Diluídas) | $50.4M | $50.4M | $50.5M | $50.5M | $50.6M | $50.6M | $50.7M | $50.8M | $52.6M | $54.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $524.4M | $404.7M | $402.5M | $469.8M |
| Lucro Bruto | $134.3M | $73.2M | $51.6M | $131.7M |
| Lucro Operacional | $133.2M | $70.8M | $50.9M | $130.5M |
| EBITDA | $243.9M | $153.5M | $180.6M | $241.6M |
| Lucro Líquido | $124.4M | $43.6M | $68.0M | $102.6M |
| LPA | $2.30 | $0.80 | $1.24 | $1.84 |
| LPA Diluído | $2.26 | $0.78 | $1.21 | $1.79 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $61.5M | $76.6M | $267.5M | $217.3M | $275.1M | $215.2M | $177.6M | $327.4M | $368.9M | $215.7M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | $25.0M | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $180.4M | $189.0M | $158.3M | $159.1M | $160.1M | $183.4M | $263.9M | $267.0M | $256.1M | $224.1M |
| Estoque | $111.6M | $112.4M | $103.0M | $114.1M | $96.6M | $95.6M | $107.2M | $160.5M | $244.7M | $226.4M |
| Ativos Circulantes | $440.3M | $443.6M | $597.6M | $565.1M | $642.4M | $595.9M | $693.7M | $1.00B | $988.5M | $833.4M |
| Imobilizado | $4.17B | $4.28B | $4.40B | $4.53B | $4.71B | $4.90B | $5.17B | $5.75B | $6.52B | $7.65B |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $9.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $6.29B | $6.05B | $6.38B | $6.64B | $7.10B | $7.21B | $7.54B | $8.48B | $9.24B | $10.23B |
| Contas a Pagar | $106.2M | $90.3M | $110.8M | $110.7M | $120.6M | $146.0M | $292.7M | $308.5M | $307.1M | $344.9M |
| Dívida de Curto Prazo | $22.9M | 0 | 0 | $100.0M | 0 | 0 | 0 | $49.8M | $19.9M | $116.3M |
| Passivos Circulantes | $249.7M | $200.7M | $258.6M | $374.9M | $287.6M | $325.6M | $548.6M | $634.1M | $700.8M | $897.8M |
| Dívida de Longo Prazo | $1.74B | $1.75B | $1.83B | $1.74B | $2.00B | $2.00B | $2.19B | $2.78B | $3.05B | $3.33B |
| Passivos Totais | $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 |
| Patrimônio Líquido | $2.15B | $2.25B | $2.37B | $2.46B | $2.56B | $2.67B | $2.81B | $2.91B | $3.33B | $3.57B |
| Dívida Total | $1.77B | $1.75B | $1.83B | $1.84B | $2.00B | $2.00B | $2.19B | $2.83B | $3.07B | $3.66B |
| Dívida Líquida | $1.71B | $1.67B | $1.57B | $1.62B | $1.70B | $1.79B | $2.02B | $2.50B | $2.70B | $3.45B |
| Capital de Giro | $190.6M | $242.9M | $339.0M | $190.3M | $354.8M | $270.2M | $145.1M | $370.0M | $287.7M | -$64.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $333.2M | $215.7M | $337.8M | $83.6M |
| Ativos Totais | $10.08B | $10.23B | $10.59B | $10.87B |
| Passivos Totais | $6.59B | $6.65B | $6.94B | $7.08B |
| Patrimônio Líquido | $3.48B | $3.57B | $3.64B | $3.77B |
| Dívida Total | $3.67B | $3.66B | $4.01B | $4.01B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $198.1M | $213.2M | $227.5M | $233.3M | $238.0M | $245.9M | $259.6M | $261.9M | $290.0M | $324.1M |
| Depreciação e Amortização | $147.3M | $165.9M | $169.1M | $173.8M | $175.9M | $179.4M | $173.6M | $199.9M | $228.1M | $258.4M |
| Compensação em Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Variação Capital de Giro | -$11.3M | -$17.8M | $45.6M | -$28.2M | $17.6M | -$19.5M | $35.6M | -$157.2M | -$1.9M | $51.6M |
| Fluxo de Caixa Operacional | $347.7M | $438.0M | $491.6M | $366.6M | $388.1M | $363.3M | $351.3M | $267.0M | $594.4M | $601.8M |
| CapEx | -$296.9M | -$285.5M | -$277.9M | -$278.7M | -$310.9M | -$300.0M | -$432.6M | -$611.1M | -$1.01B | -$1.18B |
| Aquisições | 0 | -$6.4M | -$6.4M | -$5.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | -$3.3M | -$3.2M | -$3.6M | -$4.2M | 0 | 0 | 0 | 0 | 0 | -$3.3M |
| Dividendos Pagos | -$105.0M | -$113.1M | -$121.4M | -$129.7M | -$137.8M | -$146.1M | -$154.3M | -$163.5M | -$176.6M | -$188.5M |
| Fluxo de Caixa Livre | $50.8M | $152.5M | $213.8M | $87.9M | $77.2M | $63.3M | -$81.3M | -$344.1M | -$414.9M | -$577.5M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $162.8M | $137.8M | $75.8M | -$29.4M |
| CapEx | -$290.7M | -$354.0M | -$371.5M | -$436.5M |
| Fluxo de Caixa Livre | -$127.9M | -$216.2M | -$295.7M | -$465.9M |
| Dividendos Pagos | -$46.5M | -$48.5M | -$49.2M | -$48.8M |
| Compensação em Ações | 0 | 0 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +6.9% | +1.6% | -1.8% | +0.3% | +7.9% | +12.7% | +7.4% | +3.4% | -0.7% |
| Crescimento Lucro Líquido (anual) | | +7.1% | +6.8% | +2.7% | +2.0% | +3.4% | +5.5% | +0.9% | +10.7% | +11.9% |
| Crescimento LPA (anual) | | +7.1% | +6.6% | +2.4% | +2.0% | +3.2% | +5.4% | +0.8% | +6.8% | +8.4% |
| Variação de Ações (anual) | | +0.1% | +0.2% | +0.1% | +0.1% | +0.1% | +0.1% | +0.2% | +3.6% | +4.2% |
| Crescimento FCF (anual) | | +200.5% | +40.1% | -58.9% | -12.2% | -18.0% | -228.5% | -323.2% | -20.6% | -39.2% |
| Margem Bruta | 25.0% | 26.3% | 21.8% | 22.4% | 23.1% | 22.8% | 20.1% | 17.9% | 18.2% | 22.1% |
| Margem Operacional | 22.5% | 23.4% | 21.7% | 22.2% | 22.9% | 22.6% | 19.9% | 17.7% | 17.9% | 21.9% |
| Margem EBITDA | 36.8% | 37.9% | 36.5% | 38.5% | 39.2% | 37.6% | 34.1% | 34.3% | 36.6% | 40.7% |
| Margem Líquida | 15.7% | 15.7% | 16.5% | 17.3% | 17.6% | 16.8% | 15.8% | 14.8% | 15.8% | 17.8% |
| Margem FCF | 4.0% | 11.3% | 15.6% | 6.5% | 5.7% | 4.3% | -4.9% | -19.5% | -22.7% | -31.9% |
| Taxa Efetiva de Imposto | 15.5% | 18.6% | 7.1% | 9.5% | 10.8% | 13.1% | 12.7% | 9.4% | 4.9% | -4.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.01 | $3.02 | $4.23 | $1.74 | $1.53 | $1.25 | $-1.60 | $-6.77 | $-7.88 | $-10.54 |
| Dividendo por Ação | $2.08 | $2.24 | $2.40 | $2.57 | $2.73 | $2.89 | $3.04 | $3.22 | $3.36 | $3.44 |
| Ações em Circulação (Básicas) | $50.3M | $50.4M | $50.4M | $50.5M | $50.5M | $50.6M | $50.7M | $50.7M | $52.5M | $54.2M |
O que olhar em Utilities
Negócios regulados com crescimento lento mas dividendos fiáveis. São obrigações com esteroides — olha dívida, juros e consistência do payout.
- ROE regulado (8-12%) — Utilities têm ROE "permitido" pelo regulador. Fora do intervalo = anomalia
- Crescimento EPS 5 anos — Utilities estáveis crescem EPS 4-6% ao ano — mais = anomalia, menos = morto
- Crescimento dividendo 10 anos — Top utilities ("Dividend Aristocrats") sobem dividendo 25+ anos seguidos
- Dívida líquida / EBITDA — Utilities usam muita dívida — >6x com juros altos é alarme
- Interest Coverage — EBITDA / juros. Se cair abaixo de 3x numa subida de juros, o dividendo fica em risco
- Payout Ratio — Em utilities é normalmente alto (60-80%), mas >90% indica stress
Rentabilidade
| Retorno sobre patrimônio | 9.36% |
| Retorno sobre capital investido | 3.63% |
| Retorno sobre ativos | 3.12% |
| Margem bruta | 21.69% |
| Margem operacional | 21.39% |
| Margem líquida | 18.80% |
Saúde financeira
| Dívida / Patrimônio | 1.06 |
| Liquidez corrente | 0.99 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.23 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 20.44 | 21.65 | 20.68 | 23.17 | 20.43 | 23.36 | 21.11 | 19.09 | 19.87 | 21.23 |
| P/VP | 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 |
| Margem Bruta | 25.0% | 26.3% | 21.8% | 22.4% | 23.1% | 22.8% | 20.1% | 17.9% | 18.2% | 22.1% |
| Margem Operacional | 22.5% | 23.4% | 21.7% | 22.2% | 22.9% | 22.6% | 19.9% | 17.7% | 17.9% | 21.9% |
| Margem Líquida | 15.7% | 15.7% | 16.5% | 17.3% | 17.6% | 16.8% | 15.8% | 14.8% | 15.8% | 17.8% |