Ormat Technologies, Inc. (ORA) Stock Analysis
Utilities · Utilities - Renewable · NYSE
Ormat Technologies, Inc. (ORA) posted $989.54M in revenue for fiscal 2025 (up 12.5% year over year), at a 12.5% net margin, and has compounded revenue about 7.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Ormat Technologies, Inc.
Ormat Technologies, Inc. has grown revenue from $662.59M to $989.54M over the last 10 fiscal years, compounding about 7% a year. The most recent year was up 12.5%, so growth is actually accelerating.
Net margin sits at 12.5%, down 1.6 points year over year on a 27.6% gross margin. It carries about $2.66B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Ormat Technologies, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Ormat Technologies, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $662.59M | $692.81M | $719.27M | $746.04M | $705.34M | $663.08M | $734.16M | $829.42M | $879.65M | $989.54M |
| Gross profit | $270.80M | $268.45M | $270.44M | $269.32M | $276.27M | $264.34M | $268.82M | $264.02M | $272.62M | $272.69M |
| Net income | $88.71M | $132.41M | $97.97M | $88.09M | $85.46M | $62.09M | $65.84M | $124.40M | $123.73M | $123.90M |
| Net margin | 13.4% | 19.1% | 13.6% | 11.8% | 12.1% | 9.4% | 9.0% | 15.0% | 14.1% | 12.5% |
Source: Ormat Technologies, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
Ormat Technologies, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 8.5% over 4 years (56.1M → 60.8M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $2660.6M is 7.9× last year's operating cash flow — it would take years of cash flow to clear.
Explore 18 years of Ormat Technologies, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Ormat Technologies, Inc. financial history by metric
Compare Ormat Technologies, Inc. with peers
About Ormat Technologies, Inc.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, and construction of geothermal and recovered energy-based power plants. The Energy Storage segment owns and operates grid-connected, stand alone In Front of the Meter (IFM) battery energy storage BESS facilities, which provide capacity, energy, and ancillary services directly to the electric grid. The company serves contractors, geothermal plant owners and operators, interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and biomass facilities owners and operators, as well as other companies engaged in energy-intensive industrial processes. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.
Ormat Technologies, Inc. — frequently asked questions
What is Ormat Technologies, Inc.'s revenue?
Ormat Technologies, Inc. (ORA) reported revenue of $989.54M for fiscal year 2025, up 12.5% from the prior year, according to its SEC filings.
Is Ormat Technologies, Inc. profitable?
Yes. ORA earned net income of $123.90M in fiscal 2025, a net margin of 12.5%.
What is ORA's P/E ratio?
Ormat Technologies, Inc. trades at a price-to-earnings ratio of about 66.1 based on the latest data in our nightly-refreshed cache.
How fast is Ormat Technologies, Inc. growing?
ORA's revenue grew at roughly 7.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Ormat Technologies, Inc. have?
As of fiscal year 2025, ORA carried roughly $2.66B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Ormat Technologies, Inc.'s gross margin?
ORA's gross margin was 27.6% in fiscal 2025 — gross profit of $272.69M on revenue of $989.54M.
What is Ormat Technologies, Inc.'s market cap?
Ormat Technologies, Inc. (ORA) has a market capitalization of about $8.41B, based on the latest data in our nightly-refreshed cache.
When does Ormat Technologies, Inc.'s fiscal year end?
ORA's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Ormat Technologies, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.