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Idacorp vs Clearway Energy: IDA and CWEN compared
Idacorp is the larger company: $615M of revenue in its latest quarter (Q3 2026) against $481M for Clearway Energy (Q2 2026). Clearway Energy is growing faster (+23% against +17% a year earlier). Idacorp is more profitable, with an operating margin of 29.1% against 24.1%.
Where the money goes: IDA and CWEN
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.
Clearway Energy (CWEN) · Q2 2026
Clearway Energy, Q2 2026: revenue $481M (+23% year over year), operating margin 24.1%, net earnings $122M, operating cash flow $214M. The chart follows the revenue to costs, profit and cash.
| Idacorp (IDA) | Clearway Energy (CWEN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $615M | $481M |
| Revenue growth, Y/Y | +17% | +23% |
| Operating margin | 29.1% | 24.1% |
| Net earnings | $160M | $122M |
| Net margin | 26.1% | 25.4% |
| Operating cash flow | $199M | $214M |
| Free cash flow | — | $130M |
| Market value | $8.0B | $7.0B |
| P/E | 24.8× | — |
| Analysts’ mean target | $154.22 | $40.36 |
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 Clearway Energy?
Idacorp is the larger company: $615M of revenue in its latest quarter (Q3 2026) against $481M for Clearway Energy (Q2 2026).
Is Idacorp or Clearway Energy growing faster?
Clearway Energy is growing faster (+23% against +17% a year earlier).
Which is more profitable, Idacorp or Clearway Energy?
Idacorp is more profitable, with an operating margin of 29.1% against 24.1%.
More: Idacorp earnings · how Idacorp makes money · Clearway Energy earnings · how Clearway Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 5, 2026). Fiscal quarters can end on different dates. Not investment advice.