Ormat Tech Inc (ORA) is trading down at $88.10 (-1.51%), as of the latest quote. It is a Russell 2000 constituent in the Utilities sector.
Ormat Tech Inc revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $662.6M | $692.8M | $719.3M | $746.0M | $705.3M | $663.1M | $734.2M | $829.4M | $879.7M | $989.5M |
| Growth (year over year) | +11.4% | +4.6% | +3.8% | +3.7% | −5.5% | −6.0% | +10.7% | +13.0% | +6.1% | +12.5% |
| Gross profit | $270.8M | $268.5M | $270.4M | $269.3M | $276.3M | $264.3M | $268.8M | $264.0M | $272.6M | $272.7M |
| Gross margin | 40.9% | 38.7% | 37.6% | 36.1% | 39.2% | 39.9% | 36.6% | 31.8% | 31.0% | 27.6% |
| Operating income | $201.9M | $205.0M | $185.1M | $193.8M | $214.0M | $169.4M | $152.8M | $166.6M | $172.5M | $169.2M |
| Operating margin | 30.5% | 29.6% | 25.7% | 26.0% | 30.3% | 25.5% | 20.8% | 20.1% | 19.6% | 17.1% |
| Net income | $88.7M | $132.4M | $98.0M | $88.1M | $85.5M | $62.1M | $65.8M | $124.4M | $123.7M | $123.9M |
| Net margin | 13.4% | 19.1% | 13.6% | 11.8% | 12.1% | 9.4% | 9.0% | 15.0% | 14.1% | 12.5% |
| EPS (diluted) | $1.77 | $2.61 | $1.92 | $1.72 | $1.65 | $1.10 | $1.17 | $2.08 | $2.04 | $2.02 |
| Balance sheet | ||||||||||
| Cash and equivalents | $230.2M | $47.8M | $98.8M | $71.2M | $448.3M | $239.3M | $95.9M | $195.8M | $94.4M | $147.4M |
| Total assets | $2.46B | $2.62B | $3.12B | $3.25B | $3.89B | $4.43B | $4.61B | $5.21B | $5.67B | $6.25B |
| Total liabilities | $1.29B | $1.32B | $1.67B | $1.73B | $1.94B | $2.42B | $2.58B | $2.76B | $3.11B | $3.56B |
| Long-term debt | $956.5M | $877.1M | $1.13B | $1.17B | $1.47B | $1.93B | $2.05B | $1.99B | $2.34B | $2.66B |
| Shareholders' equity | $1.08B | $1.21B | $1.32B | $1.39B | $1.81B | $1.85B | $1.87B | $2.32B | $2.43B | $2.54B |
| Cash flow | ||||||||||
| Operating cash flow | $159.3M | $245.6M | $145.8M | $236.5M | $265.0M | $258.8M | $281.0M | $309.4M | $410.9M | $335.1M |
| Capital expenditure | $151.9M | $259.2M | $258.5M | $280.0M | $320.7M | $419.3M | $563.5M | $618.4M | $487.7M | $619.8M |
| Free cash flow | $7.36M | −$13.7M | −$112.7M | −$43.5M | −$55.7M | −$160.4M | −$282.5M | −$309.0M | −$76.8M | −$284.7M |
| Dividends paid | $25.7M | $20.5M | $26.8M | $22.4M | $22.5M | $27.0M | $27.1M | $28.4M | $29.1M | $29.1M |
| Share buybacks | — | — | — | — | $0 | $0 | $18.0M | $0 | $0 | — |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $211.8M | $230.7M | $229.8M | $234.0M | $249.7M | $276.0M | $403.9M | $258.8M |
| Growth (year over year) | +1.8% | −4.4% | +2.5% | +9.9% | +17.9% | +19.6% | +75.8% | +10.6% |
| Gross profit | $58.9M | $73.6M | $72.9M | $56.9M | $64.0M | $78.8M | $120.4M | $68.7M |
| Gross margin | 27.8% | 31.9% | 31.7% | 24.3% | 25.6% | 28.6% | 29.8% | 26.5% |
| Operating income | $35.7M | $49.1M | $50.9M | $35.3M | $40.4M | $42.6M | $80.3M | $34.2M |
| Operating margin | 16.8% | 21.3% | 22.2% | 15.1% | 16.2% | 15.4% | 19.9% | 13.2% |
| Net income | $22.1M | $40.8M | $40.4M | $28.0M | $24.1M | $31.4M | $44.1M | $27.1M |
| Net margin | 10.4% | 17.7% | 17.6% | 12.0% | 9.7% | 11.4% | 10.9% | 10.5% |
| EPS (diluted) | $0.36 | $0.67 | $0.66 | $0.46 | $0.39 | $0.51 | $0.71 | $0.43 |
| Balance sheet | ||||||||
| Cash and equivalents | $88.1M | $94.4M | $112.7M | $88.5M | $79.6M | $147.4M | $654.6M | $513.7M |
| Total assets | $5.59B | $5.67B | $5.84B | $6.02B | $6.09B | $6.25B | $6.77B | $6.79B |
| Total liabilities | $3.07B | $3.11B | $3.24B | $3.39B | $3.44B | $3.56B | $4.05B | $4.04B |
| Long-term debt | — | $2.34B | — | — | — | $2.66B | — | — |
| Shareholders' equity | $2.39B | $2.43B | $2.46B | $2.49B | $2.51B | $2.54B | $2.57B | $2.60B |
| Cash flow | ||||||||
| Operating cash flow | $106.4M | $158.6M | $88.0M | $96.9M | $45.2M | $105.0M | $78.6M | $50.6M |
| Capital expenditure | $109.7M | $127.7M | $192.6M | $134.8M | $147.3M | $145.1M | $113.8M | $138.0M |
| Free cash flow | −$3.32M | $30.9M | −$104.6M | −$37.9M | −$102.1M | −$40.0M | −$35.2M | −$87.4M |
| Dividends paid | $7.26M | $7.26M | $7.27M | $7.28M | $7.28M | $7.24M | $7.51M | $7.21M |
| Share buybacks | — | — | $0 | $0 | — | — | $24.4M | −$5.00K |
From Ormat Tech Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Ormat Tech Inc
Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW of output. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide, in North America, South America, Europe, Australia, and Asia. The company's products also include turbines, generators, and heat exchangers.
Source: Wikipedia — Ormat Technologies
- Headquarters
- Reno, Nevada From SEC filings, Oct 2026
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