Idacorp vs MGE Energy
Idacorp reported revenue of $1.7 billion in fiscal 2025, 2.3 times MGE Energy's $744 million in fiscal 2025. Idacorp's revenue fell 1.2% in its latest year, and MGE Energy's grew 9.8%. Idacorp had an operating margin of 20.3%, against 22.9% at MGE Energy. Free cash flow was −$577 million at Idacorp and −$80 million at MGE Energy.
Side by side
| Idacorp | MGE Energy | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.7B | $744M |
| Revenue growth | −1.2% | 9.8% |
| Revenue growth a year, last 5 years | 6.3% | 6.7% |
| Gross margin | — | — |
| Operating margin | 20.3% | 22.9% |
| Net margin | 18.5% | 18.3% |
| Free cash flow | −$577M | −$80M |
| Free cash flow margin | −33.1% | −10.8% |
| Return on capital | 5.5% | 7.0% |
| Net debt to EBITDA | 5.5x | — |
| Dividends and buybacks | $192M | $68M |
| Change in diluted share count | 4.2% | 0.9% |
| Last close | $140.21 | $73.54 |
| P/E at the last close | 23.8× | 18.9× |
| Insider trades, last 12 months | sold $963,477 | bought $92,720, sold $0 |
| Piotroski F-score | 5 of 8 | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
IdacorpMGE Energy
Operating margin
Percent of revenue
IdacorpMGE Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
IdacorpMGE Energy
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Idacorp and MGE Energy pages.