Ormat Technologies (ORA)

NYSE Utilities Renewable Electricity S&P MidCap 400

$91.90

-1.08 (-1.16%)

Close of Nov 06, 2026 · end-of-day data

Source: Ormat Technologies's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$662.59M	$692.81M	$719.27M	$746.04M	$705.34M	$663.08M	$734.16M	$829.42M	$879.65M	$989.54M
Cost of revenue	$391.80M	$424.36M	$448.83M	$476.72M	$429.07M	$398.75M	$465.33M	$565.41M	$607.03M	$716.86M
Gross profit	$270.80M	$268.45M	$270.44M	$269.32M	$276.27M	$264.34M	$268.82M	$264.02M	$272.62M	$272.69M
Research & development	$2.76M	$3.16M	$4.18M	$4.65M	$5.39M	$4.13M	$5.08M	$7.21M	$6.50M	$6.30M
Operating income	$201.88M	$205.02M	$185.11M	$193.80M	$214.01M	$169.36M	$152.80M	$166.59M	$172.47M	$169.22M
Interest expense	$67.39M	$54.14M	$70.92M	$80.38M	$77.95M	$82.66M	$87.74M	$98.88M	$134.03M	$141.85M
Pre-tax income	$141.09M	$170.73M	$137.18M	$137.30M	$168.72M	$103.55M	$95.61M	$139.09M	$115.38M	$105.75M
Income tax	$37.06M	$21.66M	$34.73M	$45.61M	$67.00M	$24.85M	$14.74M	$5.98M	-$16.29M	-$20.28M
Net income	$88.71M	$132.41M	$97.97M	$88.09M	$85.46M	$62.09M	$65.84M	$124.40M	$123.73M	$123.90M
EBITDA	$307.86M	$320.16M	$317.34M	$342.56M	$370.62M	$352.33M	$351.60M	$391.38M	$435.33M	$461.35M
EPS (basic)	$1.79	$2.64	$1.93	$1.73	$1.66	$1.11	$1.17	$2.09	$2.05	$2.04
EPS (diluted)	$1.77	$2.61	$1.92	$1.72	$1.65	$1.10	$1.17	$2.08	$2.04	$2.02
Diluted shares	50.14M	50.77M	50.97M	51.23M	51.94M	56.40M	56.50M	59.76M	60.79M	61.36M
Gross margin	40.9%	38.7%	37.6%	36.1%	39.2%	39.9%	36.6%	31.8%	31.0%	27.6%
Operating margin	30.5%	29.6%	25.7%	26.0%	30.3%	25.5%	20.8%	20.1%	19.6%	17.1%
Net margin	13.4%	19.1%	13.6%	11.8%	12.1%	9.4%	9.0%	15.0%	14.1%	12.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$230.21M	$47.82M	$98.80M	$71.17M	$448.25M	$239.28M	$95.87M	$195.81M	$94.39M	$147.45M
Receivables	$80.81M	$110.41M	$137.58M	$154.53M	$149.17M	$122.94M	$128.82M	$208.70M	$164.05M	$164.77M
Inventory	$12.00M	$19.55M	$45.02M	$34.95M	$35.32M	$28.45M	$22.83M	$45.04M	$38.09M	$45.27M
Total current assets	$472.83M	$321.65M	$473.06M	$415.66M	$779.15M	$601.93M	$456.72M	$646.00M	$547.12M	$597.77M
Goodwill	$6.65M	$21.04M	$19.95M	$20.14M	$24.57M	$89.95M	$90.33M	$90.54M	$151.02M	$168.24M
Total assets	$2.46B	$2.62B	$3.12B	$3.25B	$3.89B	$4.43B	$4.61B	$5.21B	$5.67B	$6.25B
Total current liabilities	$189.25M	$283.35M	$361.94M	$376.48M	$248.65M	$544.16M	$343.91M	$537.01M	$598.08M	$738.39M
Short-term debt	—	$51.50M	$159.00M	—	—	—	$0	—	—	—
Long-term debt	$956.53M	$877.06M	$1.13B	$1.17B	$1.47B	$1.93B	$2.05B	$1.99B	$2.34B	$2.66B
Total debt	$956.53M	$928.56M	$1.29B	$1.17B	$1.47B	$1.93B	$2.05B	$1.99B	$2.34B	$2.66B
Total liabilities	$1.29B	$1.32B	$1.67B	$1.73B	$1.94B	$2.42B	$2.58B	$2.76B	$3.11B	$3.56B
Shareholders' equity	$1.08B	$1.21B	$1.32B	$1.39B	$1.81B	$1.85B	$1.87B	$2.32B	$2.43B	$2.54B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$159.28M	$245.57M	$145.82M	$236.49M	$265.00M	$258.82M	$280.97M	$309.40M	$410.92M	$335.10M
Capital expenditures	$151.93M	$259.23M	$258.52M	$279.99M	$320.74M	$419.27M	$563.48M	$618.38M	$487.68M	$619.78M
Free cash flow	$7.36M	-$13.66M	-$112.70M	-$43.49M	-$55.73M	-$160.45M	-$282.50M	-$308.98M	-$76.76M	-$284.68M
Investing cash flow	-$173.77M	-$345.53M	-$342.43M	-$254.54M	-$385.97M	-$638.19M	-$523.41M	-$628.34M	-$780.25M	-$726.43M
Financing cash flow	$43.54M	-$67.88M	$251.13M	-$5.76M	$503.48M	$186.38M	$126.27M	$379.96M	$287.92M	$465.75M
Dividends paid	$25.70M	$20.50M	$26.80M	$22.40M	$22.50M	$27.00M	$27.10M	$28.40M	$29.11M	$29.07M
Share buybacks	—	—	—	—	$0	$0	$17.96M	$0	$0	—
Stock-based compensation	$5.16M	$8.76M	$10.22M	$9.36M	$9.83M	$9.17M	$11.65M	$15.48M	$20.20M	$19.39M
Depreciation & amortization	$105.98M	$115.15M	$132.23M	$148.76M	$156.61M	$182.97M	$198.79M	$224.80M	$262.86M	$292.12M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$241.34M	$224.17M	$212.96M	$211.78M	$230.74M	$229.76M	$234.02M	$249.73M	$276.04M	$403.91M	$258.76M	$275.12M
Cost of revenue	$162.88M	$145.36M	$151.58M	$152.92M	$157.18M	$156.84M	$177.12M	$185.69M	$197.21M	$283.54M	$190.07M	$197.74M
Gross profit	$78.46M	$78.81M	$61.39M	$58.86M	$73.56M	$72.93M	$56.90M	$64.04M	$78.83M	$120.37M	$68.70M	$77.38M
Research & development	$2.45M	$1.56M	$1.73M	$1.82M	$1.39M	$2.54M	$1.44M	$1.28M	$1.04M	$1.13M	$1.50M	$1.42M
Operating income	$51.63M	$52.58M	$35.13M	$35.67M	$49.09M	$50.91M	$35.32M	$40.43M	$42.56M	$80.25M	$34.20M	$45.25M
Interest expense	$25.80M	$30.97M	$33.72M	$34.82M	$34.52M	$34.47M	$36.68M	$35.68M	$35.02M	$44.99M	$43.94M	$44.19M
Pre-tax income	$48.85M	$39.37M	$19.55M	$24.73M	$31.72M	$37.61M	$21.96M	$19.97M	$26.21M	$28.63M	$17.16M	$22.60M
Income tax	$8.19M	-$147.00K	-$3.18M	-$1.19M	-$11.77M	-$3.79M	-$5.47M	-$4.28M	-$6.74M	-$15.47M	-$9.67M	-$6.78M
Net income	$35.73M	$38.59M	$22.24M	$22.08M	$40.82M	$40.36M	$28.05M	$24.14M	$31.35M	$44.07M	$27.09M	$31.91M
EBITDA	$111.52M	$114.93M	$98.93M	$102.34M	$119.14M	$120.69M	$105.35M	$115.41M	$119.90M	$156.62M	$113.78M	$127.75M
EPS (basic)	$0.59	$0.64	$0.37	$0.37	$0.68	$0.67	$0.46	$0.40	$0.51	$0.72	$0.44	$0.52
EPS (diluted)	$0.59	$0.64	$0.37	$0.36	$0.67	$0.66	$0.46	$0.39	$0.51	$0.71	$0.43	$0.51
Diluted shares	268.00K	60.54M	60.76M	60.77M	64.00K	60.84M	61.02M	61.25M	230.00K	61.98M	62.53M	62.16M
Gross margin	32.5%	35.2%	28.8%	27.8%	31.9%	31.7%	24.3%	25.6%	28.6%	29.8%	26.5%	28.1%
Operating margin	21.4%	23.5%	16.5%	16.8%	21.3%	22.2%	15.1%	16.2%	15.4%	19.9%	13.2%	16.4%
Net margin	14.8%	17.2%	10.4%	10.4%	17.7%	17.6%	12.0%	9.7%	11.4%	10.9%	10.5%	11.6%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$195.81M	$201.51M	$66.26M	$88.13M	$94.39M	$112.70M	$88.49M	$79.56M	$147.45M	$654.64M	$513.75M	$347.97M
Receivables	$208.70M	$154.56M	$147.33M	$153.07M	$164.05M	$173.59M	$154.28M	$150.07M	$164.77M	$170.92M	$172.57M	$170.12M
Inventory	$45.04M	$53.87M	$44.65M	$47.41M	$38.09M	$42.11M	$44.91M	$44.60M	$45.27M	$45.56M	$47.29M	$44.24M
Total current assets	$646.00M	$609.24M	$517.00M	$537.49M	$547.12M	$600.85M	$508.91M	$504.71M	$597.77M	$1.08B	$1.02B	$915.45M
Goodwill	$90.54M	$151.12M	$151.07M	$151.34M	$151.02M	$151.29M	$170.39M	$167.87M	$168.24M	$168.08M	$168.02M	$168.00M
Total assets	$5.21B	$5.52B	$5.51B	$5.59B	$5.67B	$5.84B	$6.02B	$6.09B	$6.25B	$6.77B	$6.79B	$6.77B
Total current liabilities	$537.01M	$546.25M	$530.73M	$566.33M	$598.08M	$619.22M	$730.68M	$654.84M	$738.39M	$1.01B	$975.89M	$991.99M
Long-term debt	$1.99B	—	—	—	$2.34B	—	—	—	$2.66B	—	—	—
Total debt	$1.99B	—	—	—	$2.34B	—	—	—	$2.66B	—	—	—
Total liabilities	$2.76B	$3.03B	$3.00B	$3.07B	$3.11B	$3.24B	$3.39B	$3.44B	$3.56B	$4.05B	$4.04B	$3.99B
Shareholders' equity	$2.32B	$2.35B	$2.37B	$2.39B	$2.43B	$2.46B	$2.49B	$2.51B	$2.54B	$2.57B	$2.60B	$2.63B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$139.15M	$115.21M	$30.70M	$106.40M	$158.62M	$88.01M	$96.90M	$45.15M	$105.04M	$78.58M	$50.61M	$99.72M
Capital expenditures	$169.59M	$103.39M	$146.84M	$109.72M	$127.74M	$192.60M	$134.82M	$147.27M	$145.08M	$113.79M	$138.02M	$172.66M
Free cash flow	-$30.45M	$11.82M	-$116.14M	-$3.32M	$30.88M	-$104.59M	-$37.93M	-$102.11M	-$40.04M	-$35.21M	-$87.40M	-$72.94M
Investing cash flow	-$170.18M	-$377.83M	-$147.13M	-$120.15M	-$135.14M	-$207.95M	-$224.48M	-$147.37M	-$146.64M	-$124.49M	-$138.15M	-$165.65M
Financing cash flow	$132.40M	$273.94M	-$18.75M	$26.84M	$5.89M	$138.85M	$108.08M	$102.15M	$116.67M	$528.65M	-$17.09M	-$79.89M
Dividends paid	$7.22M	$7.24M	$7.34M	$7.26M	$7.26M	$7.27M	$7.28M	$7.28M	$7.24M	$7.51M	$7.21M	$7.39M
Share buybacks	$0	—	—	—	—	$0	$0	$0	—	$24.40M	-$5.00K	$0
Stock-based compensation	$4.24M	$4.77M	$5.08M	$5.04M	$5.31M	$4.91M	$4.62M	$4.94M	$4.92M	$4.72M	$6.24M	$5.50M
Depreciation & amortization	$59.89M	$62.35M	$63.80M	$66.66M	$70.05M	$69.78M	$70.03M	$74.98M	$77.33M	$76.36M	$79.58M	$82.50M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.