ORA
Ormat Technologies Inc
NYSE: ORA · UTILITIES · UTILITIES - RENEWABLE
$110.32
-2.41% today
Updated 2026-04-29
Market cap
$6.78B
P/E ratio
54.61
P/S ratio
6.85x
EPS (TTM)
$2.02
Dividend yield
0.42%
52W range
$70 – $132
Volume
0.9M
Ormat Technologies Inc (ORA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $268.94M | $295.92M | $344.83M | $415.24M | $373.23M | $437.01M | $514.41M | $533.24M | $559.52M | $594.64M | $662.59M | $692.81M | $719.27M | $746.04M | $705.34M | $663.08M | $734.16M | $829.42M | $879.65M | $989.54M |
| Revenue growth (YoY) | — | +10.0% | +16.5% | +20.4% | -10.1% | +17.1% | +17.7% | +3.7% | +4.9% | +6.3% | +11.4% | +4.6% | +3.8% | +3.7% | -5.5% | -6.0% | +10.7% | +13.0% | +6.1% | +12.5% |
| Cost of revenue | $175.57M | $216.73M | $242.81M | $292.61M | $295.60M | $320.11M | $379.98M | $373.42M | $355.77M | $376.37M | $391.80M | $424.36M | $448.83M | $476.72M | $429.07M | $398.75M | $465.33M | $565.41M | $607.03M | $716.86M |
| Gross profit | $93.37M | $79.19M | $102.03M | $122.64M | $77.63M | $116.90M | $134.43M | $159.82M | $203.75M | $218.28M | $270.80M | $268.45M | $270.44M | $269.32M | $276.27M | $264.34M | $268.82M | $264.02M | $272.62M | $272.69M |
| Gross margin | 34.7% | 26.8% | 29.6% | 29.5% | 20.8% | 26.8% | 26.1% | 30.0% | 36.4% | 36.7% | 40.9% | 38.7% | 37.6% | 36.1% | 39.2% | 39.9% | 36.6% | 31.8% | 31.0% | 27.6% |
| R&D | $2.98M | $3.66M | $4.59M | $10.50M | $10.12M | $8.80M | $6.11M | $4.96M | $783000.00 | $1.78M | $2.76M | $3.16M | $4.18M | $4.65M | $5.39M | $4.13M | $5.08M | $7.21M | $6.50M | $6.30M |
| SG&A | $28.45M | $32.06M | $36.82M | $26.41M | $27.44M | $27.89M | $28.27M | $29.19M | $28.61M | $34.78M | $46.71M | $42.88M | $47.75M | $55.83M | $60.23M | $75.90M | $61.27M | $68.18M | $80.12M | $79.59M |
| Operating income | $61.93M | $43.46M | $60.61M | $68.77M | $23.57M | $64.01M | $-155.09M | $96.96M | $143.49M | $164.06M | $201.88M | $205.02M | $185.11M | $193.80M | $214.01M | $169.36M | $152.80M | $166.59M | $172.47M | $182.74M |
| Operating margin | 23.0% | 14.7% | 17.6% | 16.6% | 6.3% | 14.6% | -30.1% | 18.2% | 25.6% | 27.6% | 30.5% | 29.6% | 25.7% | 26.0% | 30.3% | 25.5% | 20.8% | 20.1% | 19.6% | 18.5% |
| EBITDA | $112.89M | $99.14M | $122.07M | $71.78M | $159.26M | $174.22M | $-43.63M | $217.84M | $143.49M | $272.46M | $306.65M | $332.45M | $336.18M | $366.45M | $403.28M | $369.18M | $382.14M | $462.76M | $512.27M | $536.06M |
| EBITDA margin | 42.0% | 33.5% | 35.4% | 17.3% | 42.7% | 39.9% | -8.5% | 40.9% | 25.6% | 45.8% | 46.3% | 48.0% | 46.7% | 49.1% | 57.2% | 55.7% | 52.1% | 55.8% | 58.2% | 54.2% |
| EBIT | $72.14M | $51.35M | $64.62M | $10.09M | $72.50M | $77.82M | $-145.97M | $124.91M | $42.69M | $165.26M | $199.03M | $224.87M | $208.10M | $217.69M | $246.67M | $186.21M | $183.35M | $237.97M | $249.41M | $248.56M |
| Interest expense | $30.96M | $0.00 | $14.95M | $16.24M | $40.47M | $69.46M | $64.07M | $73.78M | $84.65M | $72.58M | $67.39M | $54.14M | $70.92M | $80.38M | $77.95M | $82.66M | $87.74M | $98.88M | $134.03M | $141.85M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $34.45M | $27.38M | $49.83M | $68.85M | $37.32M | $-43.06M | $-207.07M | $41.24M | $54.18M | $119.57M | $93.93M | $170.73M | $97.97M | $88.09M | $85.46M | $62.09M | $65.84M | $124.40M | $123.73M | $123.90M |
| Net income growth (YoY) | — | -20.5% | +82.0% | +38.2% | -45.8% | -215.4% | -380.9% | +119.9% | +31.4% | +120.7% | -21.4% | +81.8% | -42.6% | -10.1% | -3.0% | -27.3% | +6.0% | +88.9% | -0.5% | +0.1% |
| Profit margin | 12.8% | 9.3% | 14.5% | 16.6% | 10.0% | -9.9% | -40.3% | 7.7% | 9.7% | 20.1% | 14.2% | 24.6% | 13.6% | 11.8% | 12.1% | 9.4% | 9.0% | 15.0% | 14.1% | 12.5% |