Filing Flows › Comparisons › IDA vs BKH
Idacorp vs Black Hills: IDA and BKH compared
Idacorp is the larger company: $615M of revenue in its latest quarter (Q3 2026) against $466M for Black Hills (Q3 2026). Idacorp is growing faster (+17% against +8% a year earlier). Idacorp is more profitable, with an operating margin of 29.1% against 21.0%.
Where the money goes: IDA and BKH
Idacorp (IDA) · Q3 2026
Idacorp, Q3 2026: revenue $615M (+17% year over year), operating margin 29.1%, net earnings $160M, operating cash flow $199M. The chart follows the revenue to costs, profit and cash.
Black Hills (BKH) · Q3 2026
Black Hills, Q3 2026: revenue $466M (+8% year over year), operating margin 21.0%, net earnings $41.0M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.
| Idacorp (IDA) | Black Hills (BKH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $615M | $466M |
| Revenue growth, Y/Y | +17% | +8% |
| Operating margin | 29.1% | 21.0% |
| Net earnings | $160M | $41.0M |
| Net margin | 26.1% | 8.8% |
| Operating cash flow | $199M | $171M |
| Market value | $8.0B | $6.5B |
| P/E | 24.8× | 19.9× |
| Analysts’ mean target | $154.22 | $87.07 |
Where the revenue comes from
Idacorp
- Retail revenues: $554M (90%)
- Transmission Service Agreement: $18.5M (3%)
- Wholesale energy sales: $17.0M (3%)
- Other revenues: $9.4M (2%)
Questions
Which is bigger, Idacorp or Black Hills?
Idacorp is the larger company: $615M of revenue in its latest quarter (Q3 2026) against $466M for Black Hills (Q3 2026).
Is Idacorp or Black Hills growing faster?
Idacorp is growing faster (+17% against +8% a year earlier).
Which is more profitable, Idacorp or Black Hills?
Idacorp is more profitable, with an operating margin of 29.1% against 21.0%.
More: Idacorp earnings · how Idacorp makes money · Black Hills earnings · how Black Hills makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.